WesMark Funds

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Recent Information

Holdings subject to change.

WesMark Government Bond Fund


Selected Data as of June 30, 2010
Portfolio Assets
$248.60 Million
Inception Date
4/20/98
Ticker Symbol
WMBDX
CUSIP
951025402
Number of Bonds
90
Weighted Average Effective Maturity
7.48 Yrs
Average Duration
2.48 Yrs
30-Day SEC Yield
2.22%
   
Investment objective
WesMark Government Bond Fund is designed 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 invests in mortgage securities and callable notes issued by Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation);

  • Mortgage securities may offer relatively high yield and a stream of cash flow from principal payments, which will provide opportunities to manage the Fund under changing market conditions;

  • Callable notes typically have higher yield as a result of the call feature, which, combined with analysis of the direction of interest rates, management presently believes can provide opportunities for above-market returns;

  • 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
Bond prices are sensitive to changes in interest rates and a rise in interest rates can cause a decline in their prices. The value of some mortgage-backed securities may be particularly sensitive to changes in prevailing interest rates, and although the securities are generally supported by some form of government or private insurance, there is no assurance that private guarantors or insurers will meet their obligations. Investment in mutual funds involves risk, including possible loss of the principal amount invested.

 
JEROME B. SCHMITT
Portfolio Manager Update

The Portfolio Manager Update is a new addition to the WesMark web site. The fund manager's comments are coming soon.


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For more complete information, view the prospectus or contact your investment professional for a prospectus. You should consider the fund's investment objectives, risks, charges, and expenses carefully before you invest. Information about these and other important subjects is in the fund's prospectus, which you should read carefully before investing.

Mutual funds are not bank deposits or obligations, are not guaranteed by WesBanco Bank or its affiliates, and are not insured or guaranteed by the FDIC, the Federal Reserve Board, or any other government agency. Investment in mutual funds involves risk, including possible loss of the principal amount invested.