TETON Convertible Securities Fund - Class AAA
WESRX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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, 1997
- CIK
- 0000796229
- Website
- tetonadv.com
- Similar Companies
- Business
- TETON Convertible Securities Fund (Class AAA) (WESRX) is an open-end mutual fund that seeks a high level of current income and long-term capital appreciation by investing, under normal circumstances, at least 80% of its net assets in convertible securities, including convertible bonds, mandatory convertibles, and convertible preferred stocks that can be converted into common stock; up to 20% of net assets may be allocated to common stocks, non-convertible preferred stocks, and non-convertible fixed-income securities of any market capitalization or credit quality, including high-yield debt securities rated below investment grade and U.S. government securities. The fund employs a strategy focused on asymmetric return potential through fundamental equity analysis of underlying common stocks, credit analysis of issuers' repayment ability, and evaluation of convertible security structures such as yield, conversion premium, delta, call protection, and covenants. It targets investors seeking income and growth with reduced volatility compared to equities, primarily serving individual and institutional clients through broker-dealers and intermediaries in the United States. Launched on September 30, 1997, the fund is managed within the Teton Westwood family of funds by Teton Advisors, LLC, a subsidiary of Teton Advisors, Inc., which was founded in 1994 and is headquartered at 189 Mason Street, Greenwich, Connecticut; Teton Advisors also maintains an office in Chicago, Illinois. The fund is sub-advised by Gabelli Funds, LLC, with James Dinsmore as portfolio manager since October 2016, and distributed by G.distributors, LLC. Geographic operations are centered in the U.S., with holdings diversified across sectors including utilities, healthcare, technology, and energy, featuring top positions in securities such as PPL Capital Funding Inc. 2.875%, CSG Systems International Inc. 3.875%, and Array Technologies Inc. 1% convertible bonds. In recent developments, Teton Advisors, the parent advisor, sold the advisory assets of its subsidiary Keeley-Teton Advisors, LLC—managing four mutual funds and approximately $975 million in assets—to GAMCO Investors, Inc. in May 2025, following a strategic review and marking a significant reorganization to streamline operations; the transaction, structured with performance-tied proceeds expected to gross at least $11.5 million over five years, builds on Keeley's 2017 acquisition by Teton. Sub-advisory agreements with Gabelli Funds, LLC for the TETON Convertible Securities Fund were confirmed ongoing as of third quarter 2025, with renewals anticipated in March and October 2026. These changes reflect Teton Advisors' focus on core multi-strategy active asset management amid assets under management of approximately $292 million as of mid-2025.