WesMark Funds

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Recent Information

Holdings subject to change.

WesMark West Virginia Municipal Bond Fund


Selected Data as of June 30, 2010
Portfolio Assets
$87.37 million
Inception Date
12/31/90
Ticker Symbol
WMKMX
CUSIP
951025105
Number of Bonds
104
Weighted Average Effective Maturity
10.37 Yrs
Average Duration
3.86 Yrs
Average Quality of Holdings
AAA/Aaa
30-Day SEC Yield
2.76%
   
Investment objective
WesMark West Virginia Municipal Bond Fund is designed to achieve current income that’s exempt from federal income tax and 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 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.