WMBDX
WesMark Government Bond Fund
WesMark Funds
Expense ratio1
1.08%
Net assets2
$170.15M
Holdings2
102
Category
Other
2025 return3
6.92%

Investment objective & strategy

As of March 4, 2025 · prospectus

Objective. The WesMark Government Bond Fund (the Fund) seeks to achieve high current income consistent with preservation of capital.

Strategy. The Fund pursues its investment objective by investing primarily in U.S. government securities. U.S. government securities include U.S. Treasury securities as well as securities of U.S. government sponsored entities, (GSE). The Funds portfolio may also include investment-grade corporate debt securities and certain taxable securities issued by municipal entities such as Build America Bonds. The Fund does not invest in noninvestment-grade corporate debt securities (e.g. junk bonds) as part of its principal investment strategy. Certain GSE securities may not be backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (Freddie Mac), the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Bank System. These entities are, … The Fund pursues its investment objective by investing primarily in U.S. government securities. U.S. government securities include U.S. Treasury securities as well as securities of U.S. government sponsored entities, (GSE). The Funds portfolio may also include investment-grade corporate debt securities and certain taxable securities issued by municipal entities such as Build America Bonds. The Fund does not invest in noninvestment-grade corporate debt securities (e.g. junk bonds) as part of its principal investment strategy. Certain GSE securities may not be backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (Freddie Mac), the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in GSE securities that are supported by the full faith and credit of the U.S. Government, such as those issued by the Government National Mortgage Association (Ginnie Mae). Finally, the Fund may invest in a few GSE securities that have no explicit financial support, but which are regarded as having implied support because the federal government sponsors their activities. Such securities include those issued by the Farm Credit System and the Financing Corporation. The Fund may invest in collateralized mortgage obligations (CMOs) issued by U.S. governmental or government related enterprises. The Funds investment in CMOs may be significant. CMOs have various call features and may be issued in multiple classes, with each class having a specific coupon rate and stated maturity or final distribution date. The Adviser invests in CMOs in an attempt to increase the Funds return by taking advantage of current and potential yield differentials existing from time to time between CMOs and other mortgage-backed or federal agency securities. WesBanco Investment Department, a division of WesBanco Bank, Inc. (the Adviser), selects securities with longer or shorter durations based on its interest rate outlook, but does not target any specific duration for the Fund. Duration measures the price sensitivity of a fixed-income security to changes in interest rates. The Fund may invest in securities with any maturity. Because the Fund refers to U.S. government bonds in its name, it will notify shareholders at least 60 days in advance of any change in its investment policies that would enable the Fund to normally invest less than 80% of its assets in U.S. government fixed-income securities. For additional information on the Funds investment strategies, please see the section More About the Funds Investment Strategies and Risks beginning on page 31 of this prospectus.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
Government National Mortgage Association $5.11M 3.01%
FIRST HORIZON $5.08M 2.99%
FR SD8299 $3.90M 2.29%
FR SD8288 $3.87M 2.28%
Fannie Mae Pool $3.83M 2.25%
FR SD8257 $3.76M 2.21%
FN MA4656 $3.64M 2.14%
FR SD8222 $3.63M 2.13%
FN MA4626 $3.59M 2.11%
Fannie Mae Pool $3.33M 1.96%
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Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
3
Exited
2
Increased
1
Decreased
52
Unchanged
46

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

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Advisers

As of December 31, 2025 · N-CEN
FirmRole
WESBANCO INVESTMENT DEPARTMENT Adviser

Footnotes

  1. Expense ratio as of March 4, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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