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DAILY NAV* $12.94 |
DAILY CHANGE* $0.08 |
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* Daily data as of 05/15/2025. All other data as of 03/31/2025
| Fund Inception Date | 03/24/1998 |
| Ticker Symbol | WMBLX |
| CUSIP | 951025303 |
| Number of Stocks | 42 |
| 30-Day SEC Yield | 2.17% |
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 Balanced Fund seeks to achieve capital appreciation and income. The portion of the portfolio devoted to each major asset class is: 30 – 70% in stocks; 30 – 70% in bonds; and 0 – 40% in money market securities.
Portfolio Management Strategy
- Assets are allocated among stocks, bonds, and money market instruments in proportion to the managers' evaluation of expected return and risk;
- Stocks can represent as much as 70% of assets during favorable market conditions;
- Domestic large, mid and small cap, and foreign stocks are included in the portfolio; proportions in each sector are based on the managers' evaluation of potential returns;
- Fund's bond holdings will include U.S. government securities including notes, bonds, and mortgage securities, and corporate bonds.
Risks
STOCK MARKET RISKS
The value of equity securities will rise and fall, and these fluctuations could be a sustained trend or a drastic movement. The portfolio of a Fund investing in equity securities will reflect changes in prices of individual stocks held in the Fund portfolio or general changes in stock valuations. Consequently, the Fund’s share price may decline. The Adviser attempts to manage market risk by limiting the amount the Fund invests in each company’s equity securities. However, diversification will not protect the Fund against widespread or prolonged declines in the stock market.
RISKS RELATED TO INVESTING FOR VALUE
Due to their relatively low valuations, value stocks are typically less volatile than growth stocks. For instance, the price of a value stock may experience a smaller increase on a forecast of higher earnings, a positive fundamental development, or positive market development. Further, value stocks tend to have higher dividends than growth stocks. This means they depend less on price changes for returns and may lag behind growth stocks in an up market.
INTEREST RATE RISKS
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.
Top 10 Holdings
as of 03/31/2025, subject to change
| Apple Inc. | 5.2% |
| Chevron Corp. | 3.0% |
| AbbVie Inc. | 3.0% |
| Caterpillar Inc. | 2.6% |
| PepsiCo Inc. | 2.3% |
| JPMorgan Chase & Co. | 2.2% |
| The Goldman Sachs Group Inc. | 2.2% |
| Eli Lilly & Co. | 2.0% |
| Lowe's Cos Inc. | 1.9% |
| Cisco Systems Inc. | 1.8% |
| Totalas a % of Net Assets | 26.2% |
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 |
| Balanced Fund | WMBLX | 10/31/1961 | $12.94 | 2.22% | -4.40% | -2.48% | 4.77% | 6.77% | 5.50% | 1.30% | 1.30% |
| S&P 500 Total Return Index | -7.50% | -4.92% | 12.10% | 15.61% | 12.32% | ||||||
| Bloomberg Intermediate Government Credit Index | 2.79% | 3.37% | 8.09% | 0.76% | 1.90% | ||||||
| 60% S&P 500 and 40% Bloomberg Intermediate Government Credit Index | -3.46% | -1.62% | 10.62% | 9.71% | 8.32% | ||||||
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 |
| Balanced Fund | WMBLX | 10/31/1961 | $12.94 | 2.17% | -0.28% | -0.28% | 3.85% | 8.71% | 5.78% | 1.30% | 1.30% |
| S&P 500 Total Return Index | -4.27% | -4.27% | 8.25% | 18.59% | 12.50% | ||||||
| Bloomberg Intermediate Government Credit Index | 2.42% | 2.42% | 5.65% | 0.86% | 1.81% | ||||||
| 60% S&P 500 and 40% Bloomberg Intermediate Government Credit Index | -1.59% | -1.59% | 7.35% | 11.47% | 8.38% | ||||||
†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 S&P 500® measures the performance of 500 large-cap U.S. companies. The S&P 500 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, it is not affected by cash flows. It is not possible to invest directly in an index.
The Balanced Composite Index is an unmanaged index, comprised 60% S&P 500® and 40% BCIGCI, and unlike the Fund, is not affected by cash flows. The Balanced Composite Index is not adjusted to reflect sales charges, expenses or other fees that the SEC requires to be reflected in the Fund's performance. It is not possible to invest directly in an index or average.
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
