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Trending ETFs

TETON Convertible Securities Fund

mutual fund
WEIAX
Payout Change
Pending
Price as of:
$13.79 -0.12 -0.86%
primary theme
Convertible Bond
WEIAX (Mutual Fund)

TETON Convertible Securities Fund

Payout Change
Pending
Price as of:
$13.79 -0.12 -0.86%
primary theme
Convertible Bond
WEIAX (Mutual Fund)

TETON Convertible Securities Fund

Payout Change
Pending
Price as of:
$13.79 -0.12 -0.86%
primary theme
Convertible Bond

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.79

$13.4 M

1.39%

$0.19

1.82%

Vitals

YTD Return

15.0%

1 yr return

19.0%

3 Yr Avg Return

-1.6%

5 Yr Avg Return

4.2%

Net Assets

$13.4 M

Holdings in Top 10

29.5%

52 WEEK LOW AND HIGH

$13.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.82%

SALES FEES

Front Load 4.00%

Deferred Load N/A

TRADING FEES

Turnover 34.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.79

$13.4 M

1.39%

$0.19

1.82%

WEIAX - Profile

Distributions

  • YTD Total Return 15.0%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.24%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    TETON Convertible Securities Fund
  • Fund Family Name
    Gabelli Fund Complex
  • Inception Date
    Nov 07, 2012
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Thomas Dinsmore

Fund Description

The Convertible Securities Fund invests, under normal circumstances, at least 80% of its net assets in convertible securities, and in derivatives and other instruments that have economic characteristics similar to such securities. The Convertible Securities Fund may invest in securities of any market capitalization or credit quality, and may from time to time invest a significant amount of its assets in securities of smaller companies.

The Convertible Securities Fund may invest up to 20% of its net assets in common stocks, non-convertible preferred stocks, and non-convertible fixed income securities.

The Convertible Securities Fund may also invest in non-convertible debt securities rated below investment grade (rated Ba or below by Moody’s, or BB or below by S&P or Fitch, or if unrated, determined by Gabelli Funds, LLC, the Convertible Securities Fund’s sub-adviser (the “Gabelli Sub-Adviser”), to be of comparable quality), within the above 20% limitation. The Convertible Securities Fund may also invest in securities issued by the U.S. government and its agencies and instrumentalities.

The Convertible Securities Fund may invest in illiquid or thinly traded securities, subject to any limitations described in the prospectus and/or Statement of Additional Information. The Convertible Securities Fund may also invest in securities that are eligible for resale under Rule 144A of the Securities Act of 1933, as amended.

The Convertible Securities Fund may invest up to 20% of its net assets in foreign securities, including securities of issuers located in emerging markets countries (i.e., those that are in the initial stages of their industrial cycles), non-U.S. dollar denominated securities, and depositary receipts. This percentage limitation, however, does not apply to securities of foreign companies that are listed in the United States on a national securities exchange.

By investing in convertible securities, the Convertible Securities Fund seeks the opportunity to participate in the capital appreciation of underlying stocks, while at the same time relying on the fixed income aspect of the convertible securities to provide current income and reduced price volatility, which can limit the risk of loss in a down equity market.

In buying and selling securities for the Convertible Securities Fund, the Gabelli Sub-Adviser relies on fundamental analysis, which involves a bottom-up assessment of a company’s potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions. The portfolio managers may consider selling a particular security when the portfolio managers perceive a change in company fundamentals, a decline in relative attractiveness to other issues, and/or a decline in industry fundamentals, or if any of the original reasons for purchase have materially changed.

The portfolio managers evaluate each security’s investment characteristics as a fixed income instrument as well as its potential for capital appreciation. Under normal market conditions, the portfolio managers utilize this strategy to seek to capture approximately 60% to 80% of the upside performance of the underlying equities with 50% or less of the downside exposure.

The Convertible Securities Fund may utilize foreign currency exchange contracts, options, stock index futures contracts, warrants, and other derivative instruments. In response to adverse market, economic, political or other conditions, the Convertible Securities Fund may deviate from its principal strategies by making temporary investments of some or all of its assets in high-quality fixed income securities, cash and cash equivalents. The Convertible Securities Fund may not achieve its investment objective when it does so.

While the Convertible Securities Fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

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WEIAX - Performance

Return Ranking - Trailing

Period WEIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.0% 1.0% 20.6% 43.42%
1 Yr 19.0% 6.5% 25.4% 48.68%
3 Yr -1.6%* -13.2% 4.3% 93.33%
5 Yr 4.2%* -6.0% 12.7% 91.55%
10 Yr 6.0%* -0.3% 11.5% 82.46%

* Annualized

Return Ranking - Calendar

Period WEIAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -7.7% 13.1% 84.42%
2022 -29.7% -37.8% -12.8% 90.79%
2021 -7.1% -18.9% 2.4% 19.74%
2020 22.9% 5.9% 54.0% 79.17%
2019 21.0% 9.9% 24.4% 15.28%

Total Return Ranking - Trailing

Period WEIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.0% 1.0% 20.6% 43.42%
1 Yr 19.0% 6.5% 25.4% 48.68%
3 Yr -1.6%* -13.2% 4.3% 93.33%
5 Yr 4.2%* -6.0% 12.7% 91.55%
10 Yr 6.0%* -0.3% 11.5% 82.46%

* Annualized

Total Return Ranking - Calendar

Period WEIAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.1% -7.7% 15.3% 87.01%
2022 -21.9% -37.8% -10.6% 73.68%
2021 2.4% -12.2% 11.3% 65.79%
2020 24.6% 8.7% 64.4% 86.11%
2019 24.2% 12.2% 28.7% 47.22%

NAV & Total Return History


WEIAX - Holdings

Concentration Analysis

WEIAX Category Low Category High WEIAX % Rank
Net Assets 13.4 M 13.4 M 3.69 B 98.70%
Number of Holdings 58 41 381 90.91%
Net Assets in Top 10 4.14 M 3.92 M 608 M 93.51%
Weighting of Top 10 29.54% 9.5% 46.5% 27.27%

Top 10 Holdings

  1. PPL Capital Funding Inc 3.79%
  2. Northern Oil Gas Inc 3.27%
  3. PGE Corp 3.07%
  4. ON Semiconductor Corp 2.90%
  5. NextEra Energy Partners LP 2.86%
  6. CSG SYSTEMS INTERNATIONAL INC 2.86%
  7. Sarepta Therapeutics Inc 2.84%
  8. Array Technologies Inc 2.81%
  9. Progress Software Corp 2.58%
  10. Halozyme Therapeutics Inc 2.55%

Asset Allocation

Weighting Return Low Return High WEIAX % Rank
Bonds
91.65% 0.00% 98.77% 12.99%
Convertible Bonds
84.70% 37.15% 99.72% 31.17%
Preferred Stocks
8.14% 0.00% 22.50% 35.06%
Cash
0.21% -78.94% 7.59% 97.40%
Stocks
0.00% 0.00% 23.09% 50.65%
Other
0.00% -17.11% 5.40% 90.91%

Stock Sector Breakdown

Weighting Return Low Return High WEIAX % Rank
Utilities
59.77% 0.00% 100.00% 64.29%
Consumer Defense
25.78% 0.00% 25.78% 4.29%
Healthcare
14.45% 0.00% 20.31% 8.57%
Technology
0.00% 0.00% 23.73% 87.14%
Real Estate
0.00% 0.00% 27.87% 87.14%
Industrials
0.00% 0.00% 23.08% 91.43%
Financial Services
0.00% 0.00% 20.48% 84.29%
Energy
0.00% 0.00% 40.56% 87.14%
Communication Services
0.00% 0.00% 100.00% 85.71%
Consumer Cyclical
0.00% 0.00% 24.79% 85.71%
Basic Materials
0.00% 0.00% 24.08% 85.71%

Stock Geographic Breakdown

Weighting Return Low Return High WEIAX % Rank
US
0.00% 0.00% 22.42% 45.45%
Non US
0.00% 0.00% 1.55% 87.01%

Bond Sector Breakdown

Weighting Return Low Return High WEIAX % Rank
Corporate
98.55% 91.11% 100.00% 40.26%
Derivative
0.00% 0.00% 0.76% 90.91%
Cash & Equivalents
0.00% 0.00% 7.86% 97.40%
Securitized
0.00% 0.00% 0.00% 85.71%
Municipal
0.00% 0.00% 0.00% 85.71%
Government
0.00% 0.00% 2.94% 88.31%

Bond Geographic Breakdown

Weighting Return Low Return High WEIAX % Rank
US
91.65% 0.00% 98.77% 9.09%
Non US
0.00% 0.00% 17.05% 85.71%

WEIAX - Expenses

Operational Fees

WEIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.82% 0.20% 2.87% 16.88%
Management Fee 1.00% 0.20% 1.00% 98.70%
12b-1 Fee 0.25% 0.00% 1.00% 54.35%
Administrative Fee N/A 0.04% 0.15% 6.67%

Sales Fees

WEIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 2.25% 5.75% 62.50%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WEIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 2.00% 2.00% 75.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

WEIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.00% 30.00% 154.00% 14.49%

WEIAX - Distributions

Dividend Yield Analysis

WEIAX Category Low Category High WEIAX % Rank
Dividend Yield 1.39% 0.00% 4.30% 20.78%

Dividend Distribution Analysis

WEIAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

WEIAX Category Low Category High WEIAX % Rank
Net Income Ratio 0.24% -3.72% 3.69% 56.58%

Capital Gain Distribution Analysis

WEIAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

WEIAX - Fund Manager Analysis

Managers

Thomas Dinsmore


Start Date

Tenure

Tenure Rank

Oct 01, 2016

5.67

5.7%

Mr. T. Dinsmore joined Gabelli Funds, LLC in 2015. Mr. T. Dinsmore has served as a portfolio manager of the Bancroft Fund and the Ellsworth Fund since 1996 and the Gabelli Convertible and Income Securities Fund since January 2016. From 1996 to 2015, Mr. T. Dinsmore was Chairman and CEO of Dinsmore Capital Management. He has a B.S. in Economics from the Wharton School of Business, and an M.A. in Economics from Fairleigh Dickinson University.

James Dinsmore


Start Date

Tenure

Tenure Rank

Oct 01, 2016

5.67

5.7%

James Dinsmore joined Gabelli Funds, LLC in 2015. Mr. J. Dinsmore has served as a portfolio manager of the Bancroft Fund and the Ellsworth Fund since 2011 and the Gabelli Convertible and Income Securities Fund since January 1, 2016. He currently serves as President and a trustee of the Ellsworth Fund. Mr. J. Dinsmore received a B.A. in Economics from Cornell University and an M.B.A. from Rutgers University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 36.97 10.28 7.42