Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. The Mighty Mites Fund seeks to provide long-term capital appreciation by investing primarily in micro-capitalization equity securities.
Strategy. 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 Funds 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 Funds 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 companys fundamentals that make the risk/reward … 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 Funds 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 Funds 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 companys 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.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MYERS INDUSTRIES | — | $5.28M | 2.92% |
| ASTRONICS CORP | — | $3.80M | 2.10% |
| GENCOR INDUSTRIES INC | — | $3.72M | 2.05% |
| PARK OHIO HLDGS CORP | — | $3.71M | 2.05% |
| Burnham Holdings, Inc., Class A | BURCA | $3.61M | 1.99% |
| The Monarch Cement Co. | MCEM | $3.18M | 1.76% |
| CAPITAL CITY BANK GROUP INC | — | $2.93M | 1.62% |
| NOBILITY HOMES INC COM | NOBH | $2.81M | 1.55% |
| FOSTER L B CO CL A | — | $2.75M | 1.52% |
| ALLIENT INC | — | $2.72M | 1.50% |
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. |
|---|---|---|
| Gabelli Global Mini Mites Fund · GGMMX, GMNAX, GAMNX, GMNCX | 25% | 0.91% |
| 1290 VT GAMCO Small Company Value Portfolio | 21% | 0.80% |
| The Gabelli Small Cap Growth Fund · GCASX, GABSX, GCCSX, GACIX | 20% | 1.13% |
Advisers
| Firm | Role |
|---|---|
| Gabelli Funds, LLC | 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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