Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. The Equity Fund seeks to provide capital appreciation. The Equity Funds secondary goal is to produce current income.
Strategy. 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 Funds 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-Advisers forecast for growth rates … 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 Funds 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-Advisers 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 Funds risk characteristics, such as beta (a measure of volatility), are generally expected to be less than those of the Standard & Poors 500 Index (the S&P 500 Index), the Equity Funds 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.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| AMAZON.COM INC | — | $1.13M | 2.99% |
| NEXTERA ENERGY INC | — | $1.01M | 2.68% |
| THERMO FISHER SCIENTIFIC INC | — | $954.06K | 2.52% |
| BERKSHIRE HATH-B | — | $951.21K | 2.52% |
| RB GLOBAL INC | — | $928.98K | 2.46% |
| ALPHABET INC CL A | — | $920.48K | 2.44% |
| JOHNSON&JOHNSON | — | $901.49K | 2.39% |
| CSX CORP | — | $898.22K | 2.38% |
| HOME DEPOT INC | — | $898.20K | 2.38% |
| EXXON MOBIL CORP | — | $894.45K | 2.37% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| WESTWOOD QUALITY VALUE FUND · WWLAX, WWLCX, WHGLX, WHGQX | 88% | 0.55% |
| TETON Westwood Balanced Fund · WEBCX, WEBAX, WBCCX, WBBIX | 56% | 1.18% |
| Advisors Capital Total Return - Equity Fund · ACUSX | 37% | 1.87% |
Advisers
| Firm | Role |
|---|---|
| Westwood Management Corp. | Sub-adviser |
| Teton Advisors, LLC | Adviser |
Footnotes
- Expense ratio as of January 28, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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