WesMark Funds

WesMark West Virginia Municipal Bond Fund


Selected Data as of March 31, 2017
Portfolio Assets
$115.46 Million
Inception Date
4/14/97
Ticker Symbol
WMKMX
CUSIP
951025105
Number of Bonds
168
Average Years to Maturity
8.58 Yrs.
Effective Duration
5.43
30-Day Yield
2.09%
30-Day Distribution Yield
2.12%
30-Day SEC Yield
1.70%
   
Investment Objective
WesMark West Virginia Municipal Bond Fund seeks to achieve current income which is exempt from federal income tax and the income taxes imposed by the State of West Virginia. The Fund invests primarily in investment-grade securities issued by the State of West Virginia and its political subdivisions, agencies, and authorities.
 
Portfolio Management Strategy
  • Fund invests primarily in investment-grade bonds - the Fund may purchase municipal securities covered by insurance;

  • Fund does not invest in securities subject to the federal Alternative Minimum Tax (AMT);

  • Fund concentrates on bonds with a weighted average duration between five and seven years, since the portfolio managers believe they may provide less risk to the Fund's market value than longer-duration bonds.

Risks
Bond prices are sensitive to changes in interest rates and a rise in interest rates can cause a decline in their prices. Investment in mutual funds involves risk, including possible loss of the principal amount invested.
 

 

 
STEVE KELLAS
Portfolio Manager

 


 

 

The WesMark Tactical Opportunity Fund is new and has limited operating history.

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.

The WesMark Funds are not offered for sale in all states or jurisdictions. Shares of the WesMark Funds may not be offered or sold in any state or jurisdiction unless registered or qualified in that jurisdiction or unless an exemption from registration or qualification is available. As of January 1, 2011 shares of the WesMark Funds are not offered for sale in Alaska, Guam, Maine, Nevada, New Hampshire, Puerto Rico, South Dakota, Vermont, Virgin Islands, or Wisconsin. In addition to the jurisdictions listed above, shares of the WesMark West Virginia Municipal Bond Fund are not offered for sale in Alabama, Kansas, Massachusetts, New Mexico, Oregon, South Carolina or Wisconsin. Prospective investors should inquire as to whether shares of a particular fund are available for offer and sale in their state of residence. Call 800-864-1013 for more details. The information on this website is neither an offer to sell nor a solicitation of an offer to buy in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful in such state or jurisdiction.