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TETON WESTWOOD MIGHTY MITES FUND
WMMAX (Mutual Fund)
TETON WESTWOOD MIGHTY MITES FUND
Name
As of 12/12/2024Price
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
Vitals
YTD Return
9.8%
1 yr return
14.5%
3 Yr Avg Return
-3.6%
5 Yr Avg Return
3.2%
Net Assets
$246 M
Holdings in Top 10
25.0%
52 WEEK LOW AND HIGH
$15.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.48%
SALES FEES
Front Load 4.00%
Deferred Load N/A
TRADING FEES
Turnover 6.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
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
WMMAX - Profile
Distributions
- YTD Total Return 9.8%
- 3 Yr Annualized Total Return -3.6%
- 5 Yr Annualized Total Return 3.2%
- Capital Gain Distribution Frequency None
- Net Income Ratio 0.44%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameTETON WESTWOOD MIGHTY MITES FUND
-
Fund Family NameGabelli Fund Complex
-
Inception DateNov 07, 2012
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMario Gabelli
Fund Description
The Mighty Mites Fund primarily invests in common stocks of smaller companies that have a market capitalization (defined as shares outstanding times current market price) of $500 million or less at the time of the Mighty Mites Fund’s initial investment.
The Mighty Mites Fund focuses on micro-cap companies which appear to be underpriced relative to their “private market value.” Private market value is the value which Gabelli Funds, LLC, the Mighty Mites Fund’s sub-adviser (the “Gabelli Sub-Adviser”), believes informed investors would be willing to pay to acquire a company. The Gabelli Sub-Adviser has disciplines in place that serve as sell signals such as a security reaching a predetermined price target, a change to a company’s fundamentals that make the risk/reward profile unattractive, or a need to improve the overall risk/reward profile of the Fund.
Micro-cap companies may also be new or unseasoned companies which are in their very early stages of development. Micro-cap companies can also be engaged in new and emerging industries.
Micro-cap companies are generally not well-known to investors and have less of an investor following than larger companies. The Gabelli Sub-Adviser will attempt to capitalize on the lack of analyst attention to micro-cap stocks and the inefficiency of the micro-cap market.
The Mighty Mites Fund may also invest up to 25% of its total assets in foreign securities and in European Depositary Receipts (“EDRs”) or American Depositary Receipts (“ADRs”), including in those of companies located in emerging markets. The Mighty Mites Fund may also invest in foreign debt securities.
WMMAX - Performance
Return Ranking - Trailing
| Period | WMMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.8% | -1.5% | 40.1% | 85.52% |
| 1 Yr | 14.5% | 0.0% | 49.5% | 84.38% |
| 3 Yr | -3.6%* | -11.3% | 45.7% | 97.69% |
| 5 Yr | 3.2%* | -12.3% | 38.2% | 96.99% |
| 10 Yr | 4.7%* | -2.8% | 18.6% | 97.38% |
* Annualized
Return Ranking - Calendar
| Period | WMMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -6.4% | -19.9% | 29.0% | 97.32% |
| 2022 | -25.3% | -59.3% | 118.2% | 82.69% |
| 2021 | 4.4% | -31.6% | 39.3% | 69.34% |
| 2020 | -1.0% | -51.0% | 39.5% | 91.98% |
| 2019 | 11.8% | -5.6% | 37.8% | 91.84% |
Total Return Ranking - Trailing
| Period | WMMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.8% | -1.5% | 40.1% | 85.52% |
| 1 Yr | 14.5% | 0.0% | 49.5% | 84.38% |
| 3 Yr | -3.6%* | -11.3% | 45.7% | 97.69% |
| 5 Yr | 3.2%* | -12.3% | 38.2% | 96.99% |
| 10 Yr | 4.7%* | -2.8% | 18.6% | 97.38% |
* Annualized
Total Return Ranking - Calendar
| Period | WMMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -6.4% | -11.7% | 31.8% | 98.66% |
| 2022 | -15.8% | -45.2% | 123.7% | 36.54% |
| 2021 | 21.9% | 0.0% | 45.6% | 59.18% |
| 2020 | 9.8% | -50.5% | 46.9% | 67.94% |
| 2019 | 16.7% | 2.2% | 40.9% | 97.70% |
NAV & Total Return History
WMMAX - Holdings
Concentration Analysis
| WMMAX | Category Low | Category High | WMMAX % Rank | |
|---|---|---|---|---|
| Net Assets | 246 M | 555 K | 145 B | 66.73% |
| Number of Holdings | 293 | 2 | 2445 | 39.54% |
| Net Assets in Top 10 | 66 M | 124 K | 10.3 B | 53.99% |
| Weighting of Top 10 | 25.03% | 3.1% | 100.1% | 26.53% |
Top 10 Holdings
- Ducommun Inc 3.52%
- Nathan's Famous Inc 3.46%
- Gencor Industries Inc 2.87%
- Eastern Co/The 2.81%
- Distribution Solutions Group Inc 2.48%
- Full House Resorts Inc 2.29%
- Myers Industries Inc 2.17%
- Park-Ohio Holdings Corp 2.01%
- Monarch Cement Co/The 1.78%
- Flushing Financial Corp 1.65%
Asset Allocation
| Weighting | Return Low | Return High | WMMAX % Rank | |
|---|---|---|---|---|
| Stocks | 100.00% | 4.44% | 107.74% | 0.76% |
| Preferred Stocks | 0.07% | 0.00% | 5.13% | 2.47% |
| Bonds | 0.05% | 0.00% | 102.81% | 8.94% |
| Other | 0.00% | -0.07% | 49.08% | 63.31% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 33.90% |
| Cash | 0.00% | 0.00% | 27.02% | 96.39% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WMMAX % Rank | |
|---|---|---|---|---|
| Industrials | 27.96% | 2.46% | 37.42% | 5.77% |
| Consumer Cyclical | 20.48% | 0.99% | 47.79% | 1.92% |
| Financial Services | 12.36% | 0.00% | 35.52% | 89.04% |
| Technology | 8.75% | 0.00% | 43.95% | 91.73% |
| Healthcare | 8.03% | 0.00% | 26.53% | 83.85% |
| Basic Materials | 5.47% | 0.00% | 18.66% | 36.35% |
| Communication Services | 5.30% | 0.00% | 14.85% | 5.77% |
| Consumer Defense | 4.91% | 0.00% | 18.87% | 30.96% |
| Real Estate | 3.77% | 0.00% | 29.43% | 85.96% |
| Utilities | 2.50% | 0.00% | 18.58% | 49.42% |
| Energy | 0.48% | 0.00% | 37.72% | 92.88% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WMMAX % Rank | |
|---|---|---|---|---|
| US | 96.20% | 2.58% | 107.74% | 79.47% |
| Non US | 3.80% | 0.00% | 97.07% | 3.61% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | WMMAX % Rank | |
|---|---|---|---|---|
| Corporate | 43.44% | 0.00% | 100.00% | 1.40% |
| Derivative | 0.00% | -0.07% | 9.34% | 54.18% |
| Cash & Equivalents | 0.00% | 0.00% | 100.00% | 92.78% |
| Securitized | 0.00% | 0.00% | 8.22% | 33.00% |
| Municipal | 0.00% | 0.00% | 0.15% | 32.20% |
| Government | 0.00% | 0.00% | 38.56% | 33.40% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | WMMAX % Rank | |
|---|---|---|---|---|
| US | 0.05% | 0.00% | 89.10% | 8.94% |
| Non US | 0.00% | 0.00% | 13.72% | 32.51% |
WMMAX - Expenses
Operational Fees
| WMMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.48% | 0.01% | 38.30% | 20.42% |
| Management Fee | 1.00% | 0.00% | 1.50% | 93.32% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 43.75% |
| Administrative Fee | N/A | 0.01% | 0.45% | 5.85% |
Sales Fees
| WMMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.00% | 3.50% | 5.75% | 90.63% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| WMMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 13.33% |
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.
| WMMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 6.00% | 1.00% | 314.00% | 1.10% |
WMMAX - Distributions
Dividend Yield Analysis
| WMMAX | Category Low | Category High | WMMAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.02% | 0.00% | 42.47% | 2.28% |
Dividend Distribution Analysis
| WMMAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| WMMAX | Category Low | Category High | WMMAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.44% | -2.40% | 2.49% | 32.69% |
Capital Gain Distribution Analysis
| WMMAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jul 29, 2024 | $0.002 | OrdinaryDividend |
| Jul 29, 2024 | $0.027 | CapitalGainShortTerm |
| Jul 29, 2024 | $3.968 | CapitalGainLongTerm |
| Nov 28, 2022 | $2.502 | OrdinaryDividend |
| Nov 26, 2021 | $0.072 | OrdinaryDividend |
| Nov 26, 2021 | $0.029 | CapitalGainShortTerm |
| Nov 26, 2021 | $4.152 | CapitalGainLongTerm |
| Nov 20, 2020 | $2.410 | CapitalGainLongTerm |
| Nov 26, 2019 | $1.075 | CapitalGainLongTerm |
| Nov 28, 2018 | $0.970 | CapitalGainLongTerm |
| Nov 28, 2017 | $1.807 | CapitalGainLongTerm |
| Nov 28, 2016 | $1.192 | CapitalGainLongTerm |
| Nov 24, 2015 | $0.521 | CapitalGainLongTerm |
| Nov 26, 2013 | $0.033 | CapitalGainShortTerm |
| Nov 26, 2013 | $1.350 | CapitalGainLongTerm |
| Dec 27, 2012 | $0.042 | ExtraDividend |
| Nov 28, 2012 | $0.060 | CapitalGainShortTerm |
| Nov 28, 2012 | $0.320 | CapitalGainLongTerm |
WMMAX - Fund Manager Analysis
Managers
Mario Gabelli
Start Date
Tenure
Tenure Rank
May 11, 1998
24.07
24.1%
Mario Gabelli is the Founder, Chairman and Chief Investment Officer. Mr. Gabelli is one of the most respected investors in the United States and is a leading proponent of value investing. His proprietary Private Market Value with a Catalyst™ methodology has become an analytical standard in the value investing community. He holds an MBA from Columbia University Graduate School of Business, and is a summa cum laude BS graduate from Fordham University. Mr. Gabelli is a Chartered Financial Analyst. He is a member of the board of overseers of Columbia University Graduate School of Business.
Sarah Donnelly
Start Date
Tenure
Tenure Rank
Apr 07, 2017
5.15
5.2%
Sarah Donnelly is a portfolio manager of Gabelli & Company, Inc., which she joined in 1999 as a research analyst. Ms. Donnelly currently follows the food and household products industries as a member of the consumer products team. She received a B.S. in Business Administration with a concentration in Finance and minor in History from Fordham University and currently serves on the advisory board of the Gabelli Center for Global Security Analysis at Fordham University.
Joseph Gabelli
Start Date
Tenure
Tenure Rank
May 01, 2018
4.08
4.1%
Mr. Joseph rejoined GAMCO Investors, Inc. on May 1, 2018, after serving as a data strategy consultant for Alt/S, an early-stage media and marketing analytics firm, beginning in July 2017. From 2008 until June 2017, Mr. Joseph Gabelli served as an equity research analyst covering the global food and beverage industry for GAMCO Investors, Inc. and its affiliate, Associated Capital Group. He began his investment career at Integrity Capital Management, a Boston-based equity hedge fund, where he focused on researching small and micro-cap companies in the technology, healthcare and consumer discretionary sectors. Mr. Gabelli holds a B.A. from Boston College, and an M.B.A. from Columbia Business School, where he graduated with Dean’s Honors and Distinction.
Hendi Susanto
Start Date
Tenure
Tenure Rank
Jan 03, 2022
0.41
0.4%
Mr. Hendi Susanto, Vice President of Associated Capital Group Inc., is an associate portfolio manager for the Global Mini Mites Fund. Mr. Susanto joined Gabelli in 2007 as a research analyst. He currently covers the global technology industry. Mr. Susanto received a BS degree summa cum laude from the University of Minnesota, a MS from M.I.T., and an MBA from the Wharton School of Business
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.17 | 2.58 |
