WesMark Government Bond Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.8%
1 yr return
10.3%
3 Yr Avg Return
-4.6%
5 Yr Avg Return
-2.3%
Net Assets
$177 M
Holdings in Top 10
27.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.02%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 40.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WMBDX - Profile
Distributions
- YTD Total Return 2.8%
- 3 Yr Annualized Total Return -4.6%
- 5 Yr Annualized Total Return -2.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.72%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWesMark Government Bond Fund
-
Fund Family NameWesMark
-
Inception DateMay 21, 1998
-
Shares Outstanding24601119
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSteven Kellas
Fund Description
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 Fund’s 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 Fund’s investment in CMO’s 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 Fund’s 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 Fund’s investment strategies, please see the section “More About the Funds’ Investment Strategies and Risks” beginning on page 31 of this prospectus.
WMBDX - Performance
Return Ranking - Trailing
Period | WMBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.8% | -2.7% | 11.7% | 83.88% |
1 Yr | 10.3% | -3.4% | 23.7% | 69.69% |
3 Yr | -4.6%* | -9.9% | 28.6% | 98.41% |
5 Yr | -2.3%* | -7.2% | 59.0% | 99.43% |
10 Yr | -0.6%* | -2.6% | 73.9% | 99.50% |
* Annualized
Return Ranking - Calendar
Period | WMBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.6% | -16.2% | 8.1% | 95.79% |
2022 | -18.6% | -34.7% | 131.9% | 90.56% |
2021 | -2.7% | -11.6% | 4.4% | 21.93% |
2020 | 1.5% | -10.1% | 946.1% | 91.95% |
2019 | 2.6% | -1.7% | 16.9% | 94.56% |
Total Return Ranking - Trailing
Period | WMBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.8% | -2.7% | 11.7% | 83.88% |
1 Yr | 10.3% | -3.4% | 23.7% | 69.69% |
3 Yr | -4.6%* | -9.9% | 28.6% | 98.41% |
5 Yr | -2.3%* | -7.2% | 59.0% | 99.43% |
10 Yr | -0.6%* | -2.6% | 73.9% | 99.50% |
* Annualized
Total Return Ranking - Calendar
Period | WMBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -11.3% | 11.9% | 97.33% |
2022 | -17.0% | -32.2% | 131.9% | 96.33% |
2021 | -1.2% | -9.4% | 9.2% | 58.44% |
2020 | 3.8% | -1.9% | 1009.0% | 96.37% |
2019 | 3.7% | 1.1% | 21668.0% | 98.94% |
NAV & Total Return History
WMBDX - Holdings
Concentration Analysis
WMBDX | Category Low | Category High | WMBDX % Rank | |
---|---|---|---|---|
Net Assets | 177 M | 2.9 M | 314 B | 83.57% |
Number of Holdings | 98 | 1 | 17787 | 95.19% |
Net Assets in Top 10 | 46.9 M | 1.62 M | 36.1 B | 81.49% |
Weighting of Top 10 | 27.03% | 4.4% | 432.9% | 39.63% |
Top 10 Holdings
- Federated Hermes Government Obligations Fund, Premier Class 5.25%
- Freddie Mac Pool 2.59%
- Freddie Mac Pool 2.54%
- Fannie Mae Pool 2.53%
- Freddie Mac Pool 2.44%
- Fannie Mae Pool 2.39%
- Fannie Mae Pool 2.35%
- Freddie Mac Pool 2.33%
- Fannie Mae Pool 2.32%
- Fannie Mae Pool 2.29%
Asset Allocation
Weighting | Return Low | Return High | WMBDX % Rank | |
---|---|---|---|---|
Bonds | 92.65% | 0.00% | 993.61% | 65.51% |
Cash | 5.46% | -54.51% | 237.69% | 27.30% |
Stocks | 1.89% | 0.00% | 99.99% | 7.55% |
Preferred Stocks | 0.00% | 0.00% | 71.02% | 57.57% |
Other | 0.00% | -16.55% | 52.94% | 86.50% |
Convertible Bonds | 0.00% | 0.00% | 7.93% | 92.48% |
Stock Sector Breakdown
Weighting | Return Low | Return High | WMBDX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | N/A |
Technology | 0.00% | 0.00% | 43.45% | N/A |
Real Estate | 0.00% | 0.00% | 99.26% | N/A |
Industrials | 0.00% | 0.00% | 48.31% | N/A |
Healthcare | 0.00% | 0.00% | 17.70% | N/A |
Financial Services | 0.00% | 0.00% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 100.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 99.67% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | WMBDX % Rank | |
---|---|---|---|---|
US | 1.89% | 0.00% | 99.99% | 7.57% |
Non US | 0.00% | 0.00% | 86.16% | 44.17% |
Bond Sector Breakdown
Weighting | Return Low | Return High | WMBDX % Rank | |
---|---|---|---|---|
Securitized | 71.65% | 0.00% | 98.40% | 5.25% |
Municipal | 21.78% | 0.00% | 100.00% | 2.47% |
Cash & Equivalents | 5.25% | -0.46% | 237.69% | 29.45% |
Government | 4.05% | 0.00% | 86.23% | 91.86% |
Derivative | 0.00% | -1.41% | 44.82% | 64.72% |
Corporate | 0.00% | 0.00% | 100.00% | 99.38% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | WMBDX % Rank | |
---|---|---|---|---|
US | 92.65% | 0.00% | 993.61% | 58.79% |
Non US | 0.00% | 0.00% | 35.41% | 62.58% |
WMBDX - Expenses
Operational Fees
WMBDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.02% | 0.01% | 39.64% | 24.97% |
Management Fee | 0.60% | 0.00% | 1.76% | 96.59% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | 0.69% |
Sales Fees
WMBDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
WMBDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
WMBDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 40.00% | 2.00% | 493.39% | 12.89% |
WMBDX - Distributions
Dividend Yield Analysis
WMBDX | Category Low | Category High | WMBDX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.45% | 0.00% | 10.11% | 71.53% |
Dividend Distribution Analysis
WMBDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | SemiAnnual |
Net Income Ratio Analysis
WMBDX | Category Low | Category High | WMBDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.72% | -1.28% | 4.79% | 93.64% |
Capital Gain Distribution Analysis
WMBDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.023 | OrdinaryDividend |
Aug 30, 2024 | $0.024 | OrdinaryDividend |
Jul 31, 2024 | $0.023 | OrdinaryDividend |
Apr 30, 2024 | $0.022 | OrdinaryDividend |
Mar 28, 2024 | $0.021 | OrdinaryDividend |
Feb 29, 2024 | $0.024 | OrdinaryDividend |
Jan 31, 2024 | $0.020 | OrdinaryDividend |
Dec 29, 2023 | $0.024 | OrdinaryDividend |
Nov 30, 2023 | $0.022 | OrdinaryDividend |
Oct 31, 2023 | $0.022 | OrdinaryDividend |
Sep 29, 2023 | $0.021 | OrdinaryDividend |
Aug 31, 2023 | $0.021 | OrdinaryDividend |
Jul 31, 2023 | $0.021 | OrdinaryDividend |
Jun 30, 2023 | $0.022 | OrdinaryDividend |
May 31, 2023 | $0.020 | OrdinaryDividend |
Apr 28, 2023 | $0.023 | OrdinaryDividend |
Mar 31, 2023 | $0.022 | OrdinaryDividend |
Feb 28, 2023 | $0.020 | OrdinaryDividend |
Jan 31, 2023 | $0.019 | OrdinaryDividend |
Dec 30, 2022 | $0.018 | OrdinaryDividend |
Nov 30, 2022 | $0.015 | OrdinaryDividend |
Oct 31, 2022 | $0.015 | OrdinaryDividend |
Sep 30, 2022 | $0.014 | OrdinaryDividend |
Aug 31, 2022 | $0.013 | OrdinaryDividend |
Jul 29, 2022 | $0.013 | OrdinaryDividend |
Jun 30, 2022 | $0.012 | OrdinaryDividend |
May 31, 2022 | $0.011 | OrdinaryDividend |
Apr 29, 2022 | $0.011 | OrdinaryDividend |
Mar 31, 2022 | $0.010 | OrdinaryDividend |
Feb 28, 2022 | $0.011 | OrdinaryDividend |
Jan 31, 2022 | $0.009 | OrdinaryDividend |
Dec 31, 2021 | $0.011 | OrdinaryDividend |
Nov 30, 2021 | $0.010 | OrdinaryDividend |
Oct 29, 2021 | $0.010 | OrdinaryDividend |
Sep 30, 2021 | $0.011 | OrdinaryDividend |
Aug 31, 2021 | $0.010 | OrdinaryDividend |
Jul 30, 2021 | $0.011 | OrdinaryDividend |
Jun 30, 2021 | $0.012 | OrdinaryDividend |
May 28, 2021 | $0.012 | OrdinaryDividend |
Apr 30, 2021 | $0.012 | OrdinaryDividend |
Mar 31, 2021 | $0.012 | OrdinaryDividend |
Feb 26, 2021 | $0.012 | OrdinaryDividend |
Jan 29, 2021 | $0.012 | OrdinaryDividend |
Dec 31, 2020 | $0.014 | OrdinaryDividend |
Dec 17, 2020 | $0.015 | OrdinaryDividend |
Nov 30, 2020 | $0.015 | OrdinaryDividend |
Oct 30, 2020 | $0.015 | OrdinaryDividend |
Sep 30, 2020 | $0.014 | OrdinaryDividend |
Aug 31, 2020 | $0.016 | OrdinaryDividend |
Jul 31, 2020 | $0.016 | OrdinaryDividend |
Jun 30, 2020 | $0.017 | OrdinaryDividend |
May 29, 2020 | $0.017 | OrdinaryDividend |
Apr 30, 2020 | $0.017 | OrdinaryDividend |
Mar 31, 2020 | $0.017 | OrdinaryDividend |
Feb 28, 2020 | $0.017 | OrdinaryDividend |
Jan 31, 2020 | $0.017 | OrdinaryDividend |
Dec 31, 2019 | $0.017 | OrdinaryDividend |
Nov 29, 2019 | $0.018 | OrdinaryDividend |
Oct 31, 2019 | $0.017 | OrdinaryDividend |
Sep 30, 2019 | $0.018 | OrdinaryDividend |
Aug 30, 2019 | $0.017 | OrdinaryDividend |
Jul 31, 2019 | $0.017 | OrdinaryDividend |
Dec 22, 2016 | $0.011 | CapitalGainLongTerm |
Dec 23, 2014 | $0.003 | CapitalGainLongTerm |
Dec 21, 2012 | $0.002 | CapitalGainShortTerm |
Dec 21, 2012 | $0.018 | CapitalGainLongTerm |
Dec 23, 2011 | $0.034 | CapitalGainLongTerm |
Dec 23, 2010 | $0.037 | CapitalGainLongTerm |
Feb 24, 2005 | $0.008 | CapitalGainShortTerm |
Feb 24, 2005 | $0.005 | CapitalGainLongTerm |
Dec 27, 2004 | $0.008 | CapitalGainLongTerm |
WMBDX - Fund Manager Analysis
Managers
Steven Kellas
Start Date
Tenure
Tenure Rank
Jan 07, 2013
9.4
9.4%
Kellas has been employed by WesBanco Bank since 1989, serving as Senior Vice President and Investment Officer for WesBanco Trust and Investment Services since June 2011. Mr. Kellas is a Chartered Financial Analyst, and received a B.S. degree in Business Administration from West Liberty State College and an M.B.A. degree from Wheeling Jesuit University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.43 | 6.78 | 1.16 |