WesMark

 
DAILY NAV* DAILY CHANGE*
PORTFOLIO ASSETS$233.73 Million

* Daily data . All other data as of

Inception Date
Ticker Symbol
CUSIP
Number of Bonds 151
Effective Duration 5.3 Yrs
30-Day Yield 2.15%
30-Day Distribution Yield 2.18%
30-Day SEC Yield 1.91%

Portfolio Manager
Steve Kellas, CFA®

Senior Vice President Fixed Income

Steve Kellas, Senior Vice President Fixed Income, WesBanco Trust and Investment Services, is responsible for portfolio management, market analysis and security selection. He is lead portfolio manager of the WesMark West Virginia Municipal Bond Fund and the WesMark Government Bond Fund.

He has more than twenty-five years of experience in investment research and portfolio management.

A graduate of West Liberty University, Mr. Kellas received a Master of Business Administration from Wheeling Jesuit University and attained the designation of Chartered Financial Analyst in 2001.

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 high yields 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 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.

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
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Holdings are subject to change.

Fund Performance
Month End Fund Performance
 as of , subject to change
Cumulative Annualized Expense Ratio      
Ticker Inception Daily NAV SEC Yield
30 day*
Net Gross
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Quarter End Fund Performance
 as of , subject to change
Cumulative Annualized Expense Ratio      
Ticker Inception Daily NAV SEC Yield
30 day*
Net Gross
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The Expenses for the Fund as disclosed in the prospectus dated .

* 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 . Quarterly table data .

Daily NAV table data as of

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.

Waivers/reimbursements are voluntary, and can be terminated at any time.

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 Growth 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 Growth 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

RECENT INFORMATION

Quarterly Holdings
    Fact Sheets
      XBRL Documents

      Holdings subject to change.