|
DAILY NAV* $7.78 |
DAILY CHANGE* $0.04 |
|
PORTFOLIO ASSETS $172.38 |
|
* Daily data as of 05/15/2025. All other data as of 03/31/2025
| Fund Inception Date | 04/20/1998 |
| Ticker Symbol | WMBDX |
| CUSIP | 951025402 |
| Number of Bonds | 99 |
| Modified Duration | 6.5 |
| 30-Day Distribution Yield | 3.43% |
| 30-Day SEC Yield | 3.63% |
Portfolio Manager
Robert "Bob" McGee, CFA®
Senior Vice President and Chief Investment Strategist
Bob McGee, CFA®, Senior Vice President and Chief Investment Strategist, WesBanco Trust and Investment Services, is responsible for developing and communicating the company's investment and economic outlook, as well as providing portfolio management and asset allocation guidance. He is President and Portfolio Manager of the WesMark Funds, serving as lead portfolio manager for the WesMark Balanced Fund, WesMark Government Bond Fund, WesMark Large Company Fund, WesMark Small Company Fund, and WesMark Tactical Opportunity Fund.
Bob joined WesBanco Trust and Investment Services in 2023 and has more than 30 years of experience in investment research, portfolio management and portfolio construction. He has a deep understanding of the global and local financial markets and a proven track record of success in managing investment portfolios.
Bob earned a Bachelor of Arts in Finance from Indiana University of Pennsylvania and a Masters of Business Administration from Carnegie Mellon University. Mr. McGee is also a Chartered Financial Analyst.
Investment Objective
WesMark Government Bond Fund seeks to achieve high current income consistent with preservation of capital. The Fund invests primarily in a diversified portfolio of government securities, including securities issued by the U.S. Treasury and U.S. government-sponsored entities.
Portfolio Management Strategy
- Fund may invest in mortgage securities and notes issued by Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation);
- Mortgage securities may offer relatively higher yields than other investments and a stream of cash flow from principal payments, which will provide opportunities to manage the Fund under changing market conditions;
- Fund may invest in securities of any maturity and does not target any specific duration; duration of portfolio securities results from management's analysis of economic conditions.
Risks
INTEREST RATE RISK
Prices of fixed-income securities rise and fall in response to changes in interest rates. Generally, when interest rates rise, prices of fixed-income securities fall. The opposite is true when interest rates decline. However, market factors, such as the lack of demand for particular fixed-income securities, may cause the price of certain fixed-income securities to fall while the prices of other securities rise or remain unchanged. Interest rate changes have a greater effect on the price of fixed-income securities with longer durations. Duration measures the price sensitivity of a fixed-income security to changes in interest rates.
GOVERNMENT SPONSERED ENTITIES RISK
Agency securities are issued or guaranteed by a federal agency or other government sponsored entity (GSE) acting under federal authority. Some GSE securities are supported by the full faith and credit of the United States. These include the Government National Mortgage Association (Ginnie Mae), Small Business Administration, Farm Credit System Financial Assistance Corporation, Farmer’s Home Administration, Federal Financing Bank, General Services Administration, Department of Housing and Urban Development, Export-Import Bank, Overseas Private Investment Corporation and Washington Metropolitan Area Transit Authority Bonds. Investors generally regard agency securities as having low credit risks, but not as low as Treasury securities.
Top 10 Holdings
as of 03/31/2025, subject to change
| Government National Mortgage Association GNR 2013-39 AE 1.75% 1/20/2043 | 3.4% |
| Freddie Mac Pool FR SD8299 5.00% 2/1/2053 | 2.5% |
| Freddie Mac Pool FR SD8288 5.00% 1/1/2053 | 2.5% |
| Fannie Mae Pool FN MA4918 5.00% 2/1/2053 | 2.4% |
| Freddie Mac Pool FR SD8257 4.50% 10/1/2052 | 2.4% |
| Fannie Mae Pool FN MA4656 4.50% 7/1/2052 | 2.3% |
| Freddie Mac Pool FR SD8222 4.00% 6/1/2052 | 2.3% |
| Fannie Mae Pool FN MA4626 4.00% 6/1/2052 | 2.2% |
| Fannie Mae Pool FN MA4801 4.50% 11/1/2042 | 2.2% |
| Fannie Mae Pool FN MA4780 4.50% 10/1/2042 | 2.1% |
| Totalas a % of Net Assets | 24.3% |
Holdings are subject to change and do not constitute a recommendation or solicitation to buy or sell a particular security. Current and future portfolio holdings are subject to risk.
Fund Performance
Month End Fund Performance as of 04/30/2025, subject to change
| Cumulative | Annualized | Expense Ratio† | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | Ticker | Performance Inception |
Daily NAV‡ | SEC Yield 30 day* |
3 MO | YTD | 1 YR | 5 YR | 10 YR | Net | Gross | |
| Government Bond Fund | WMBDX | 4/20/1998 | $7.78 | 3.79% | 2.43% | 3.14% | 7.65% | -2.51% | -0.26% | 1.08% | 1.08% | |
| Bloomberg Intermediate Government Corporate Index | 2.79% | 3.37% | 8.09% | 0.76% | 1.90% | |||||||
Quarter End Fund Performance as of 03/31/2025, subject to change
| Cumulative | Annualized | Expense Ratio† | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | Ticker | Performance Inception |
Daily NAV‡ | SEC Yield 30 day* |
3 MO | YTD | 1 YR | 5 YR | 10 YR | Net | Gross | |
| Government Bond Fund | WMBDX | 4/20/1998 | $7.78 | 3.63% | 3.09% | 3.09% | 4.48% | -2.53% | -0.27% | 1.08% | 1.08% | |
| Bloomberg Intermediate Government Corporate Index | 2.42% | 2.42% | 5.65% | 0.86% | 1.81% | |||||||
†The Expenses for the Fund as disclosed in the prospectus dated 03/04/2025. The Expense Ratio represents the operating costs borne by the fund, expressed as a percentage of the fund's average net assets, listed as "Total Annual Fund Operating Expenses" in the Fees and Expenses of the Fund table in the prospectus.
*The 30-Day SEC yield is calculated by dividing the net investment income per share for the 30 days ended on the date of calculation by the maximum offering price per share on that date. The figure is compounded and annualized. Monthly table data as of 04/30/2025. Quarterly table data as of 03/31/2025.
‡ Daily NAV table data as of 05/15/2025
Performance data quoted represents past performance which is no guarantee of future results. Investment return and principal value will fluctuate so when shares are redeemed, they may be worth more or less than their original cost. Mutual fund performance changes over time and current performance may be lower or higher than what is stated. To receive performance current to the most recent month-end, please call 1-800-864-1013. See the prospectus for other fees and expenses that apply to a continued investment in the funds.
The BCIGCI is an unmanaged market value weighted performance index for government and corporate fixed rate debt issues with maturities between one and ten years. The BCIGCI is not adjusted to reflect sales charges, expenses or other fees that the SEC requires to be reflected in the Fund's performance. The index is unmanaged and unlike the Fund, is not affected by cash flows. It is not possible to invest directly in an index.
Total return represents the value of an investment after reinvesting all income and capital gains.
Small company stocks are less liquid and subject to greater price volatility than large capitalization stocks. A portion of the income generated by the municipal and tax-free funds are subject to the federal alternative minimum tax and state and local taxes.
Bond prices are sensitive to changes in interest rates and a rise in interest rates can cause a decline in their prices.
The WesMark Balanced Fund, WesMark West Virginia Municipal Bond Fund, and WesMark Small Company Fund are each the successor to a common trust fund managed by the Adviser. The quoted performance data includes performance for the corresponding common trust fund during periods before the funds' registration statements became effective (on August 1, 2000 for the Small Company Fund; on March 12, 1997 for the West Virginia Municipal Bond Fund; and on March 24, 1998 for the Balanced Fund), as adjusted to reflect the funds' anticipated expenses. The common trust funds were not registered under the Investment Company Act of 1940 ("1940 Act") and therefore were not subject to certain restrictions imposed by the 1940 Act. If the common trust funds had been registered under the 1940 Act, the performance may have been adversely affected.
These performance numbers are pre-tax. Regulations do not require us to provide after tax returns. For after tax returns, call 1-800-864-1013.
For inquiry call: 1-800-864-1013
