TETON Westwood Balanced Fund Class AAA
WEBAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Corporate Center Rye NY United States of America 10580
- IPO Date
- Sep 30, 1991
- CIK
- 0000796229
- Website
- tetonadv.com
- Similar Companies
- Business
- TETON Westwood Balanced Fund (WEBAX) is an open-end mutual fund that seeks capital appreciation and current income through a balanced portfolio consistent with prudent investment risk. The fund, domiciled in the United States and available primarily to U.S. investors, typically allocates 30% to 70% of its assets to equity securities of seasoned large-capitalization companies using a blend style and top-down approach, and 30% to 70% to debt securities including investment-grade corporate bonds and government issues, with the remainder in cash equivalents; its portfolio emphasizes U.S. stocks (approximately 58%), U.S. bonds (28%), and cash (6%), with sector exposures led by technology, financial services, and consumer cyclical. Launched on October 1, 1991, the fund is managed by a team including Matthew Lockridge (since 2013), P. Adrian Helfert (since 2019), Lauren Hill (since 2020), and Michael Wall (since 2022), with Teton Advisors, LLC serving as investment adviser and Westwood Management Corporation, a subsidiary of Westwood Holdings Group, Inc., acting as sub-adviser. The fund operates within the moderate allocation category, targeting high total returns with lower volatility than pure equity portfolios through its primarily equity-oriented strategy. As of recent data, total net assets stand at approximately $33 million, with a net expense ratio of 1.39% and a minimum initial investment of $1,000. It is part of the TETON Westwood Funds family managed by Teton Advisors, Inc., a Greenwich, Connecticut-based investment adviser founded in 1994 (originally as Teton Advisers, LLC), which spun off from GAMCO Investors in 2009 and trades on OTCQX under TETAA; the firm also oversees other TETON Westwood funds and separately managed accounts for institutional and individual clients. Recent developments include the May 2025 re-execution of the investment advisory agreement by the Board of Trustees and ongoing sub-advisory arrangements with Westwood Management for the Balanced and Equity Funds. In May 2025, Teton Advisors agreed to sell the advisory assets of its subsidiary Keeley-Teton Advisors, LLC—including four mutual funds and approximately $975 million in separately managed accounts—to GAMCO Investors, Inc., marking a strategic divestiture following Teton's 2017 acquisition of Keeley-Teton assets; this transaction, tied to five-year performance metrics with expected gross proceeds of at least $11.5 million, streamlines Teton's focus on core TETON Westwood products like WEBAX. Earlier shifts involved transferring management of certain funds, such as the TETON Westwood SmallCap Equity Fund to Keeley-Teton in December 2021 (later affected by the 2025 sale) and the TETON Convertible Securities Fund in May 2025.