WesMark West Virginia Municipal Bond Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-0.4%
1 yr return
7.1%
3 Yr Avg Return
-1.3%
5 Yr Avg Return
-0.2%
Net Assets
$86.3 M
Holdings in Top 10
23.6%
52 WEEK LOW AND HIGH
$9.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.10%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 15.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
WMKMX - Profile
Distributions
- YTD Total Return -0.4%
- 3 Yr Annualized Total Return -1.3%
- 5 Yr Annualized Total Return -0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.61%
- Dividend Yield 2.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWesMark West Virginia Municipal Bond Fund
-
Fund Family NameWesMark
-
Inception DateApr 29, 1997
-
Shares Outstanding10199398
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSteven Kellas
Fund Description
The Fund pursues its investment objective by investing at least 80% of its net assets in a professionally managed portfolio consisting primarily of investment-grade securities issued by the State of West Virginia and its political subdivisions, agencies and authorities, and other issuers, such as possessions or territories of the United States, the interest of which is exempt from federal income tax, federal alternative minimum tax (AMT), and West Virginia income tax. The Adviser may lengthen or shorten the Fund’s duration from time to time based on its interest rate outlook, but the Fund has no set duration parameters. Duration measures the price sensitivity of a fixed-income security to changes in interest rates. The Fund may invest in fixed-income securities with any maturity. The Fund may invest a portion of its assets in non-West Virginia municipal bonds, if in the judgment of the Adviser, the supply or yield of such securities would be beneficial to the Fund. 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.
WMKMX - Performance
Return Ranking - Trailing
| Period | WMKMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.4% | -5.0% | 26.7% | 94.14% |
| 1 Yr | 7.1% | 0.7% | 38.1% | 62.32% |
| 3 Yr | -1.3%* | -10.8% | 3.2% | 79.27% |
| 5 Yr | -0.2%* | -7.0% | 1102.9% | 87.56% |
| 10 Yr | 0.7%* | -0.9% | 248.6% | 91.05% |
* Annualized
Return Ranking - Calendar
| Period | WMKMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.2% | -1.4% | 41.0% | 68.76% |
| 2022 | -9.5% | -39.7% | 0.3% | 31.28% |
| 2021 | -1.4% | -5.6% | 6.9% | 89.09% |
| 2020 | 1.6% | -2.6% | 310.0% | 54.72% |
| 2019 | 2.8% | 0.0% | 26.0% | 82.01% |
Total Return Ranking - Trailing
| Period | WMKMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.4% | -5.0% | 26.7% | 94.14% |
| 1 Yr | 7.1% | 0.7% | 38.1% | 62.32% |
| 3 Yr | -1.3%* | -10.8% | 3.2% | 79.27% |
| 5 Yr | -0.2%* | -7.0% | 1102.9% | 87.56% |
| 10 Yr | 0.7%* | -0.9% | 248.6% | 91.05% |
* Annualized
Total Return Ranking - Calendar
| Period | WMKMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.5% | -1.3% | 41.0% | 75.57% |
| 2022 | -7.7% | -39.7% | 1.1% | 33.11% |
| 2021 | 0.4% | -4.8% | 23761504.0% | 77.85% |
| 2020 | 3.5% | -1.5% | 17057.9% | 60.97% |
| 2019 | 2.8% | 0.2% | 3514.6% | 94.65% |
NAV & Total Return History
WMKMX - Holdings
Concentration Analysis
| WMKMX | Category Low | Category High | WMKMX % Rank | |
|---|---|---|---|---|
| Net Assets | 86.3 M | 3.22 M | 71.9 B | 88.74% |
| Number of Holdings | 112 | 4 | 13418 | 79.96% |
| Net Assets in Top 10 | 20.3 M | -317 M | 3.09 B | 87.02% |
| Weighting of Top 10 | 23.61% | 1.8% | 100.3% | 26.12% |
Top 10 Holdings
- Ohio County Board of Education 3.21%
- West Virginia Water Development Authority Infrastructure Revenue Bonds (West Virginia Infrastructure Jobs Program) 3.13%
- Jefferson County Board of Education 2.70%
- Hancock, WV 2.48%
- Monongalia County Building Commission 2.21%
- West Virginia Higher Education Policy Commission Revenue Bonds (Higher Education Facilities) 2.09%
- Mason County Public Service District Water Revenue 2.02%
- Hampshire County, West Virginia, Building Commission Revenue Bonds 1.93%
- West Virginia Economic Development Authority Lease Revenue Bonds (State Office Building Parking Lot) 1.92%
- Cabell County Board of Education 1.92%
Asset Allocation
| Weighting | Return Low | Return High | WMKMX % Rank | |
|---|---|---|---|---|
| Bonds | 99.48% | 0.00% | 150.86% | 36.19% |
| Cash | 0.52% | -50.86% | 44.62% | 67.18% |
| Stocks | 0.00% | 0.00% | 99.78% | 51.76% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 42.94% |
| Other | 0.00% | -3.69% | 51.88% | 48.54% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 42.65% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | WMKMX % Rank | |
|---|---|---|---|---|
| Municipal | 98.86% | 44.39% | 100.00% | 42.31% |
| Derivative | 0.00% | -3.69% | 51.88% | 46.27% |
| Cash & Equivalents | 0.00% | 0.00% | 44.41% | 74.97% |
| Securitized | 0.00% | 0.00% | 5.93% | 43.58% |
| Corporate | 0.00% | 0.00% | 9.41% | 52.41% |
| Government | 0.00% | 0.00% | 52.02% | 46.72% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | WMKMX % Rank | |
|---|---|---|---|---|
| US | 99.48% | 0.00% | 142.23% | 34.15% |
| Non US | 0.00% | 0.00% | 23.89% | 45.47% |
WMKMX - Expenses
Operational Fees
| WMKMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.10% | 0.01% | 8.02% | 26.18% |
| Management Fee | 0.60% | 0.00% | 1.20% | 97.34% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.44% | 16.67% |
Sales Fees
| WMKMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 4.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| WMKMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
| WMKMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 15.00% | 0.00% | 283.00% | 41.65% |
WMKMX - Distributions
Dividend Yield Analysis
| WMKMX | Category Low | Category High | WMKMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.18% | 0.00% | 14.51% | 86.43% |
Dividend Distribution Analysis
| WMKMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| WMKMX | Category Low | Category High | WMKMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.61% | -0.53% | 5.33% | 67.05% |
Capital Gain Distribution Analysis
| WMKMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.018 | OrdinaryDividend |
| Aug 30, 2024 | $0.015 | OrdinaryDividend |
| Jul 31, 2024 | $0.020 | OrdinaryDividend |
| Apr 30, 2024 | $0.016 | OrdinaryDividend |
| Mar 28, 2024 | $0.017 | OrdinaryDividend |
| Feb 29, 2024 | $0.017 | OrdinaryDividend |
| Jan 31, 2024 | $0.015 | OrdinaryDividend |
| Dec 29, 2023 | $0.019 | OrdinaryDividend |
| Nov 30, 2023 | $0.016 | OrdinaryDividend |
| Oct 31, 2023 | $0.017 | OrdinaryDividend |
| Sep 29, 2023 | $0.016 | OrdinaryDividend |
| Aug 31, 2023 | $0.016 | OrdinaryDividend |
| Jul 31, 2023 | $0.018 | OrdinaryDividend |
| Jun 30, 2023 | $0.012 | OrdinaryDividend |
| May 31, 2023 | $0.017 | OrdinaryDividend |
| Apr 28, 2023 | $0.017 | OrdinaryDividend |
| Mar 31, 2023 | $0.016 | OrdinaryDividend |
| Feb 28, 2023 | $0.015 | OrdinaryDividend |
| Jan 31, 2023 | $0.015 | OrdinaryDividend |
| Dec 30, 2022 | $0.020 | OrdinaryDividend |
| Nov 30, 2022 | $0.015 | OrdinaryDividend |
| Oct 31, 2022 | $0.016 | OrdinaryDividend |
| Sep 30, 2022 | $0.015 | OrdinaryDividend |
| Aug 31, 2022 | $0.016 | OrdinaryDividend |
| Jul 29, 2022 | $0.016 | OrdinaryDividend |
| Jun 30, 2022 | $0.015 | OrdinaryDividend |
| May 31, 2022 | $0.014 | OrdinaryDividend |
| Apr 29, 2022 | $0.014 | OrdinaryDividend |
| Mar 31, 2022 | $0.015 | OrdinaryDividend |
| Feb 28, 2022 | $0.013 | OrdinaryDividend |
| Jan 31, 2022 | $0.015 | OrdinaryDividend |
| Dec 31, 2021 | $0.015 | OrdinaryDividend |
| Dec 16, 2021 | $0.024 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.013 | OrdinaryDividend |
| Oct 29, 2021 | $0.014 | OrdinaryDividend |
| Sep 30, 2021 | $0.014 | OrdinaryDividend |
| Aug 31, 2021 | $0.014 | OrdinaryDividend |
| Jun 30, 2021 | $0.015 | OrdinaryDividend |
| May 28, 2021 | $0.014 | OrdinaryDividend |
| Apr 30, 2021 | $0.015 | OrdinaryDividend |
| Mar 31, 2021 | $0.015 | OrdinaryDividend |
| Feb 26, 2021 | $0.014 | OrdinaryDividend |
| Jan 29, 2021 | $0.014 | OrdinaryDividend |
| Dec 31, 2020 | $0.015 | OrdinaryDividend |
| Dec 17, 2020 | $0.004 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.016 | OrdinaryDividend |
| Oct 30, 2020 | $0.016 | OrdinaryDividend |
| Sep 30, 2020 | $0.015 | OrdinaryDividend |
| Aug 31, 2020 | $0.016 | OrdinaryDividend |
| Jul 31, 2020 | $0.016 | OrdinaryDividend |
| Jun 30, 2020 | $0.016 | OrdinaryDividend |
| May 29, 2020 | $0.016 | OrdinaryDividend |
| Apr 30, 2020 | $0.017 | OrdinaryDividend |
| Mar 31, 2020 | $0.018 | OrdinaryDividend |
| Feb 28, 2020 | $0.017 | OrdinaryDividend |
| Jan 31, 2020 | $0.018 | OrdinaryDividend |
| Dec 31, 2019 | $0.000 | OrdinaryDividend |
| Dec 19, 2019 | $0.003 | CapitalGainLongTerm |
| Nov 29, 2019 | $0.000 | OrdinaryDividend |
| Oct 31, 2019 | $0.000 | OrdinaryDividend |
| Sep 30, 2019 | $0.000 | OrdinaryDividend |
| Aug 30, 2019 | $0.000 | OrdinaryDividend |
| Jul 31, 2019 | $0.000 | OrdinaryDividend |
| Dec 21, 2017 | $0.010 | CapitalGainLongTerm |
| Dec 22, 2016 | $0.006 | CapitalGainLongTerm |
| Dec 23, 2015 | $0.004 | CapitalGainShortTerm |
| Dec 23, 2015 | $0.011 | CapitalGainLongTerm |
| Dec 23, 2014 | $0.003 | CapitalGainShortTerm |
| Dec 23, 2014 | $0.014 | CapitalGainLongTerm |
| Dec 23, 2013 | $0.012 | CapitalGainLongTerm |
| Mar 25, 2013 | $0.001 | CapitalGainShortTerm |
| Dec 21, 2012 | $0.001 | CapitalGainShortTerm |
| Dec 21, 2012 | $0.017 | CapitalGainLongTerm |
| Dec 23, 2011 | $0.008 | CapitalGainLongTerm |
| Dec 23, 2010 | $0.021 | CapitalGainLongTerm |
| Dec 27, 2005 | $0.003 | CapitalGainLongTerm |
| Feb 24, 2005 | $0.001 | CapitalGainShortTerm |
| Feb 24, 2005 | $0.002 | CapitalGainLongTerm |
| Dec 27, 2004 | $0.005 | CapitalGainShortTerm |
| Dec 27, 2004 | $0.035 | CapitalGainLongTerm |
| Sep 24, 2004 | $0.015 | CapitalGainLongTerm |
| Dec 24, 2003 | $0.010 | CapitalGainLongTerm |
WMKMX - Fund Manager Analysis
Managers
Steven Kellas
Start Date
Tenure
Tenure Rank
Sep 13, 2006
15.72
15.7%
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 | 35.05 | 7.35 | 1.58 |