WMKMX: WesMark WV Municipal Bond

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WMKMX WesMark WV Municipal Bond


Profile

WMKMX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 1.2%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $119 M
  • Holdings in Top 10 20.1%

52 WEEK LOW AND HIGH

$10.76
$10.45
$10.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 10.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Interm

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.00%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    WesMark West Virginia Municipal Bond Fund
  • Fund Family Name
    WesMark
  • Inception Date
    Apr 14, 1997
  • Shares Outstanding
    11053554
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steven 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. It is non-diversified.


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Categories

Performance

WMKMX - Performance

Return Ranking - Trailing

Period WMKMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% 0.0% 2.1% 80.00%
1 Yr 3.0% 0.1% 8.6% 79.31%
3 Yr 1.2%* -1.0% 4.4% 57.89%
5 Yr 0.3%* -1.2% 3.5% 26.32%
10 Yr 0.4%* -0.6% 4.0% 64.29%

* Annualized

Return Ranking - Calendar

Period WMKMX Return Category Return Low Category Return High Rank in Category (%)
2019 2.8% 0.0% 8.0% 75.86%
2018 -1.5% -4.8% 7.4% 37.93%
2017 1.7% -6.5% 3.5% 40.35%
2016 -2.0% -6.4% -1.1% 14.04%
2015 -0.2% -4.7% 0.6% 50.88%

Total Return Ranking - Trailing

Period WMKMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% 0.0% 2.1% 80.00%
1 Yr 3.0% 0.1% 9.2% 77.59%
3 Yr 1.2%* -1.0% 3.5% 59.65%
5 Yr 0.3%* -1.2% 2.5% 28.07%
10 Yr 0.4%* -0.6% 3.5% 71.43%

* Annualized

Total Return Ranking - Calendar

Period WMKMX Return Category Return Low Category Return High Rank in Category (%)
2019 2.8% 0.0% 8.5% 75.86%
2018 -1.5% -4.8% 7.3% 37.93%
2017 1.7% -6.5% 3.5% 43.86%
2016 -2.0% -6.4% -1.1% 14.04%
2015 -0.2% -4.7% 0.6% 57.89%

NAV & Total Return History


Holdings

WMKMX - Holdings

Concentration Analysis

WMKMX Category Low Category High WMKMX % Rank
Net Assets 119 M 55.7 M 1.79 B 90.00%
Number of Holdings 162 56 564 47.46%
Net Assets in Top 10 23.6 M 9.28 M 336 M 88.14%
Weighting of Top 10 20.06% 10.2% 39.3% 52.54%

Top 10 Holdings

  1. PRESTON CNTY W VA BRD ED 4% 3.05%
  2. OHIO CNTY W VA BRD ED 3% 2.70%
  3. WEST VIRGINIA WTR DEV AUTH INFRASTRUCTURE REV 5% 2.68%
  4. HANCOCK CNTY W VA BRD ED 4.11% 1.92%
  5. WEST VIRGINIA ST BLDG COMMN LEASE REV 5.38% 1.83%
  6. WEST VA HIGHER ED POL COMMN REV 5% 1.77%
  7. PARKERSBURG W VA WTRWKS & SEW SYS REV 3% 1.55%
  8. WEST VIRGINIA ECONOMIC DEV AUTH LEASE REV 4% 1.54%
  9. WEST VIRGINIA ST BLDG COMMN LEASE REV 5.38% 1.52%
  10. HAMPSHIRE CNTY W VA BLDG COMMN LEASE REV 4.25% 1.48%

Asset Allocation

Weighting Return Low Return High WMKMX % Rank
Bonds
99.03% 17.56% 139.85% 38.33%
Cash
0.97% -41.17% 82.44% 42.37%
Stocks
0.00% 0.00% 0.00% 25.00%
Preferred Stocks
0.00% 0.00% 0.00% 25.42%
Other
0.00% -4.73% 26.55% 59.32%
Convertible Bonds
0.00% 0.00% 0.00% 25.42%

Bond Sector Breakdown

Weighting Return Low Return High WMKMX % Rank
Municipal
99.03% 17.56% 100.92% 57.63%
Cash & Equivalents
0.97% 0.00% 82.44% 42.37%
Derivative
0.00% 0.00% 0.00% 25.42%
Securitized
0.00% 0.00% 11.28% 25.42%
Corporate
0.00% -1.04% 0.47% 23.73%
Government
0.00% 0.00% 0.13% 25.42%

Bond Geographic Breakdown

Weighting Return Low Return High WMKMX % Rank
US
99.03% 17.56% 132.26% 10.17%
Non US
0.00% 0.00% 23.01% 96.61%

Expenses

WMKMX - Expenses

Operational Fees

WMKMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.33% 2.75% 38.98%
Management Fee 0.60% 0.30% 0.80% 98.33%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.30% 16.67%

Sales Fees

WMKMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

WMKMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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 10.00% 4.67% 67.00% 28.33%

Distributions

WMKMX - Distributions

Dividend Yield Analysis

WMKMX Category Low Category High WMKMX % Rank
Dividend Yield 0.00% 0.00% 2.09% 95.00%

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 2.00% 1.05% 4.59% 84.75%

Capital Gain Distribution Analysis

WMKMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

WMKMX - Fund Manager Analysis

Managers

Steven Kellas


Start Date

Tenure

Tenure Rank

Sep 13, 2006

13.39

13.4%

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.

David Ellwood


Start Date

Tenure

Tenure Rank

Jan 07, 2013

7.07

7.1%

David B. Ellwood has been a portfolio manager of the Growth Fund, Small Company Growth Fund, Balanced Fund and Government Fund since their inception and a principal of the Adviser since its inception in 2001. Mr. Ellwood serves as the head of the portfolio manager team for the Growth Fund and Balanced Fund. Additionally, Mr. Ellwood has been a portfolio manager to the West Virginia Municipal Bond Fund since January 2013. As a member of the investment team Mr. Ellwood provides general investment support to the West Virginia Municipal Bond Fund, the Government Bond Fund and the Small Company Growth Fund. He has been employed by WesBanco Bank since 1982, serving as Executive Vice President – Investments since June 2011 and as Senior Vice President – Investments since May 2000. Mr. Ellwood is responsible for supervising all investment activities for the Trust and Investment Services department of WesBanco Bank. Mr. Ellwood is a Chartered Financial Analyst, and received a B.S. degree from Wheeling Jesuit University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 29.27 5.88 9.09