Name
As of 10/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
11.5%
1 yr return
21.8%
3 Yr Avg Return
6.3%
5 Yr Avg Return
8.7%
Net Assets
$44.7 M
Holdings in Top 10
28.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.64%
SALES FEES
Front Load 4.00%
Deferred Load N/A
TRADING FEES
Turnover 66.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WEECX - Profile
Distributions
- YTD Total Return 11.5%
- 3 Yr Annualized Total Return 6.3%
- 5 Yr Annualized Total Return 8.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.03%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameTETON WESTWOOD EQUITY FUND
-
Fund Family NameGabelli Fund Complex
-
Inception DateNov 07, 2012
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Lockridge
Fund Description
Under normal market conditions, the Equity Fund invests at least 80% of its net assets (which includes, for purposes of this test, the amount of any borrowings for investment purposes) in common stocks and securities which may be converted into common stocks. The Equity Fund invests in a portfolio of seasoned companies. Seasoned companies generally have market capitalizations of $1 billion or more and have been operating for at least three years.
In selecting securities, Westwood Management Corp., the Equity Fund’s sub-adviser (the “Westwood Sub-Adviser”), maintains a list of securities of issuers which it believes have proven records and potential for above-average earnings growth. It considers purchasing a security on such list if the Westwood Sub-Adviser’s forecast for growth rates and earnings exceeds Wall Street expectations. The Westwood Sub-Adviser closely monitors the issuers and will sell a stock if the Westwood Sub-Adviser expects limited future price appreciation, there is a fundamental change that negatively impacts their growth assumptions, and/or the
price of the stock declines 15% in the first forty-five days held. The Equity Fund’s risk characteristics, such as beta (a measure of volatility), are generally expected to be less than those of the Standard & Poor’s 500 Index (the “S&P 500 Index”), the Equity Fund’s benchmark.
The Equity Fund may also invest up to 25% of its total assets in foreign equity securities and in European Depositary Receipts (“EDRs”) or American Depositary Receipts (“ADRs”), including in those companies located in emerging markets. The Equity Fund may also invest in foreign debt securities.
WEECX - Performance
Return Ranking - Trailing
Period | WEECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.5% | 0.6% | 34.6% | 87.42% |
1 Yr | 21.8% | 4.9% | 57.7% | 92.84% |
3 Yr | 6.3%* | -1.4% | 33.5% | 88.35% |
5 Yr | 8.7%* | -0.6% | 45.6% | 92.68% |
10 Yr | 7.6%* | 1.5% | 25.2% | 87.28% |
* Annualized
Return Ranking - Calendar
Period | WEECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.0% | -16.9% | 46.1% | 76.19% |
2022 | -13.4% | -64.7% | 4.6% | 62.95% |
2021 | 3.3% | -44.2% | 57.5% | 90.44% |
2020 | -2.2% | -23.2% | 285.0% | 64.64% |
2019 | 15.5% | -21.4% | 48.5% | 77.42% |
Total Return Ranking - Trailing
Period | WEECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.5% | 0.6% | 34.6% | 87.42% |
1 Yr | 21.8% | 4.9% | 57.7% | 92.84% |
3 Yr | 6.3%* | -1.4% | 33.5% | 88.35% |
5 Yr | 8.7%* | -0.6% | 45.6% | 92.68% |
10 Yr | 7.6%* | 1.5% | 25.2% | 87.28% |
* Annualized
Total Return Ranking - Calendar
Period | WEECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.4% | -15.9% | 46.7% | 78.21% |
2022 | -7.0% | -42.0% | 8.5% | 62.40% |
2021 | 22.6% | 3.6% | 129.7% | 81.84% |
2020 | 2.1% | -22.6% | 304.8% | 58.28% |
2019 | 26.7% | -12.7% | 52.1% | 36.09% |
NAV & Total Return History
WEECX - Holdings
Concentration Analysis
WEECX | Category Low | Category High | WEECX % Rank | |
---|---|---|---|---|
Net Assets | 44.7 M | 1.94 M | 163 B | 89.41% |
Number of Holdings | 52 | 2 | 1733 | 77.44% |
Net Assets in Top 10 | 12.7 M | 433 K | 37.8 B | 91.51% |
Weighting of Top 10 | 28.86% | 4.4% | 99.1% | 45.84% |
Top 10 Holdings
- Microsoft Corp 3.67%
- Johnson Johnson 3.19%
- JPMorgan Chase Co 3.17%
- Apple Inc 3.01%
- Bank of America Corp 3.01%
- Abbott Laboratories 2.86%
- Goldman Sachs Group Inc/The 2.66%
- UnitedHealth Group Inc 2.64%
- CACI International Inc 2.34%
- Salesforce Inc 2.31%
Asset Allocation
Weighting | Return Low | Return High | WEECX % Rank | |
---|---|---|---|---|
Stocks | 99.79% | 7.19% | 103.40% | 8.58% |
Cash | 0.21% | 0.00% | 36.15% | 87.67% |
Preferred Stocks | 0.00% | 0.00% | 15.27% | 85.39% |
Other | 0.00% | -2.19% | 36.68% | 83.38% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 85.41% |
Bonds | 0.00% | 0.00% | 78.06% | 85.39% |
Stock Sector Breakdown
Weighting | Return Low | Return High | WEECX % Rank | |
---|---|---|---|---|
Financial Services | 23.12% | 0.00% | 58.05% | 17.51% |
Healthcare | 18.90% | 0.00% | 30.08% | 32.53% |
Technology | 12.12% | 0.00% | 54.02% | 35.58% |
Industrials | 11.77% | 0.00% | 42.76% | 47.28% |
Consumer Defense | 9.61% | 0.00% | 34.10% | 34.84% |
Energy | 8.04% | 0.00% | 54.00% | 45.16% |
Communication Services | 4.68% | 0.00% | 26.58% | 64.06% |
Utilities | 4.35% | 0.00% | 27.04% | 50.14% |
Real Estate | 4.08% | 0.00% | 90.54% | 34.56% |
Basic Materials | 1.83% | 0.00% | 21.69% | 81.47% |
Consumer Cyclical | 1.50% | 0.00% | 22.74% | 97.33% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | WEECX % Rank | |
---|---|---|---|---|
US | 99.79% | 7.19% | 103.40% | 7.95% |
Non US | 0.00% | 0.00% | 24.72% | 87.95% |
WEECX - Expenses
Operational Fees
WEECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.64% | 0.03% | 14.82% | 15.31% |
Management Fee | 1.00% | 0.00% | 1.50% | 98.72% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 55.40% |
Administrative Fee | N/A | 0.00% | 0.50% | 5.91% |
Sales Fees
WEECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.00% | 1.00% | 5.75% | 91.72% |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
WEECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
WEECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 66.00% | 0.00% | 488.00% | 75.29% |
WEECX - Distributions
Dividend Yield Analysis
WEECX | Category Low | Category High | WEECX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.66% | 0.00% | 16.67% | 26.42% |
Dividend Distribution Analysis
WEECX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
WEECX | Category Low | Category High | WEECX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.03% | -1.51% | 4.28% | 96.54% |
Capital Gain Distribution Analysis
WEECX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 28, 2023 | $0.080 | OrdinaryDividend |
Nov 28, 2023 | $0.029 | CapitalGainShortTerm |
Nov 28, 2023 | $0.440 | CapitalGainLongTerm |
Nov 28, 2022 | $0.807 | OrdinaryDividend |
Nov 26, 2021 | $0.001 | OrdinaryDividend |
Nov 26, 2021 | $0.462 | CapitalGainShortTerm |
Nov 26, 2021 | $1.736 | CapitalGainLongTerm |
Nov 25, 2020 | $0.512 | OrdinaryDividend |
Nov 26, 2019 | $0.078 | OrdinaryDividend |
Nov 26, 2019 | $1.079 | CapitalGainLongTerm |
Nov 28, 2018 | $1.826 | CapitalGainLongTerm |
Nov 28, 2018 | $0.049 | OrdinaryDividend |
Nov 28, 2017 | $0.147 | CapitalGainShortTerm |
Nov 28, 2017 | $1.330 | CapitalGainLongTerm |
Nov 28, 2017 | $0.018 | OrdinaryDividend |
Nov 28, 2016 | $0.801 | CapitalGainLongTerm |
Nov 28, 2016 | $0.036 | OrdinaryDividend |
Nov 24, 2015 | $0.948 | CapitalGainLongTerm |
Nov 24, 2015 | $0.026 | OrdinaryDividend |
Nov 26, 2013 | $0.009 | OrdinaryDividend |
Nov 28, 2012 | $0.067 | OrdinaryDividend |
WEECX - Fund Manager Analysis
Managers
Matthew Lockridge
Start Date
Tenure
Tenure Rank
Apr 01, 2013
9.17
9.2%
Mr. Lockridge is Head of U.S. Value for Westwood. He serves as a Senior Portfolio Manager on the LargeCap Value and SmallCap Value portfolio teams and is responsible for investment research in the Consumer Staples and Consumer Discretionary sectors. Additionally, Mr. Lockridge is a member of the firm’s Operating Committee, Investment Policy Committee and the Consumer/Health Care research group. Mr. Lockridge began his career at Arthur Andersen, LLP, within their Chicago consulting practice. He served as a Senior Consultant with Deloitte Consulting, LLP, where he assisted clients with various corporate finance and accounting issues. Mr. Lockridge then served as a Managing Director and Partner at Dearborn Partners, LLC, where he was a member of the firm’s Investment Committee and oversaw investments in the Consumer and Industrial sectors. Mr. Lockridge earned his MBA with a concentration in Finance and Accounting from the University of Chicago Booth School of Business and his BBA in Finance from Southern Methodist University.
William Sheehan
Start Date
Tenure
Tenure Rank
Sep 13, 2019
2.72
2.7%
Mr. Sheehan joined Westwood in 2018 and is currently a Vice President – Portfolio Manager & Research Analyst. He serves as a Portfolio Manager for Westwood’s LargeCap Value and AllCap Value strategies and specializes as an Analyst in the Technology, Media and Telecom sectors. Prior to joining Westwood, Mr. Sheehan was an Analyst at Surveyor Capital focused on the Technology sector. Prior to that, he held several roles investing across the Technology, Media and Telecom sectors. Mr. Sheehan earned a Bachelor of Science in Economics from The Wharton School at the University of Pennsylvania. He is a CFA charterholder.
Lauren Hill
Start Date
Tenure
Tenure Rank
Aug 04, 2020
1.82
1.8%
Ms. Hill joined Westwood in 2015 and is a Portfolio Manager on the LargeCap Value and AllCap Value portfolio teams and a Research Analyst specializing in the Consumer Discretionary and Industrials sectors. She is a member of the Consumer/Health Care and Technology/Industrials research groups. Before joining Westwood, Ms. Hill spent 11 years working in equity research in New York. She served as a Generalist at Northern Border Investments and Cantillon Capital and as a Financials and Utilities Analyst at J.P. Morgan Asset Management. Prior to that, she worked as an Associate on the sell-side at Sanford Bernstein with the No. 1-ranked Consumer Finance Analyst. Ms. Hill earned her MBA with Honors from Columbia Business School where she participated in the Value Investing Program. She earned her BBA in Finance and Accounting with Honors from Southern Methodist University. Ms. Hill is a CFA charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.08 | 6.71 |