WESRX Fees and Costs — TETON Convertible Securities Fund, Class Aaa
Data updated: 2026-08-31
The net expense ratio is 1.16% (2.16% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0097% of average net assets, and portfolio turnover was 20%.
WESRX Fees and Expenses
Annual operating expenses and sales charges of WESRX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.91% |
| Gross expense ratio | 2.16% |
| Fee waiver | −1.00% |
| Net expense ratio | 1.16% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
WESRX Costs Over Time
On $10,000 invested in WESRX, assuming 5% a year before costs, total costs come to $729 over 5 years, cutting the return by 1.23% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.16%) | $122 | $379 | $657 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $401 | $729 |
| Value after costs | $10,377 | $11,175 | $12,034 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
WESRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0097%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $32.4M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
WESRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| THE WOODBRIDGE COMPANY LIMITED | $615 | 49.28% |
| TD SECURITIES (USA) LLC | $548 | 43.91% |
| CANTOR FITZGERALD & CO. | $85 | 6.81% |
WESRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Nesbitt Burns Securities Ltd. | $8.1M | 28.55% |
| BARCLAYS CAPITAL, INC. | $5.8M | 20.52% |
| CitiGroup Global Markets Inc. | $2.6M | 9.07% |
| JEFFERIES LLC | $2.2M | 7.90% |
| MORGAN STANLEY & CO. LLC | $2.1M | 7.49% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $1.9M | 6.77% |
| J.P. Morgan Securities LLC | $1.7M | 5.81% |
| UBS Securities LLC | $1.6M | 5.48% |
| GOLDMAN SACHS & CO. LLC | $1.3M | 4.41% |
| OPPENHEIMER & CO. INC. | $1.1M | 4.02% |
TETON Convertible Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WESIX | Class I | 0.91% | none |
| WEIAX | Class A | 1.16% | 4.00% |
| WESRX | Class Aaa | 1.16% | none |
| WEICX | Class C | 1.91% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.