WesMark Tactical Opportunity Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.5%
1 yr return
14.0%
3 Yr Avg Return
1.2%
5 Yr Avg Return
5.0%
Net Assets
$47.9 M
Holdings in Top 10
88.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.44%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 78.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WMKTX - Profile
Distributions
- YTD Total Return 9.5%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return 5.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.45%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameWesMark Tactical Opportunity Fund
-
Fund Family NameWesMark
-
Inception DateFeb 28, 2017
-
Shares Outstanding4030364
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Love
Fund Description
The Fund pursues its investment objective by utilizing a tactical allocation strategy. The Fund primarily invests in a mix of equity and fixed income securities, and may also invest in commodity related investments. While the Adviser has wide latitude to adjust the equity and fixed income allocations of the Fund, it is expected that during normal market conditions that the Fund’s allocation to equities or fixed income investments will not exceed 85% of the Fund’s assets. Also, in an effort to increase the income of the Fund, the Fund may sell call options on securities held in the Fund. Additionally, the Fund may buy a put option on one or more securities held in the Fund in an effort to protect unrealized gains in such securities, or to protect against downside losses in such securities.
With respect to its investment in equity securities, the Fund may invest in large cap stocks, small- and mid-cap stocks and international equity securities (including emerging market equity securities). With respect to its investment in fixed income securities, the Fund may invest in domestic or foreign securities, corporate or sovereign, and of any quality or duration. The Adviser selects securities with longer or shorter durations based on its assessment of market conditions, but does not target any specific duration for the fixed-income portion of the Fund. 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 anticipates that it will predominately invest in exchange-traded funds (ETFs) in order to achieve exposure to the underlying investments. In selecting ETFs for purchase by a Fund, the Adviser considers the securities index in which the ETF seeks to track, the trading liquidity of the ETF, the securities in which the ETF invests, and whether or not the ETF permits investment companies to invest in ETFs to a greater extent than normally permitted by the 1940 Act. The Fund may also invest in exchange-traded notes (“ETNs”). ETNs are unsecured debt obligations of financial institutions
which are traded on exchanges and the returns of which are linked to the performance of market indices. The Fund will generally invest in ETNs which are linked to commodities indices; however, investing in ETNs is not equivalent to investing directly in index components or the relevant index itself, and the Fund would be subject to the credit risk of the financial institution issuing the ETN.
The portfolio management team will determine the Fund’s asset allocation mix based upon the Adviser’s view of markets, economic cycles, and intermediate-term trends. The Adviser then implements its asset allocation mix by tactically selecting investments based upon a number of different factors, including but not limited to macroeconomic environment, business cycle, equity market fundamentals, and valuation and interest rates. Also, as market changes and fundamentals dictate the Adviser will make modifications to the overall allocations within the Fund. Such modifications to the Fund’s asset allocation mix may cause the Fund to have a higher portfolio turnover rate than other mutual funds which can increase the transaction costs incurred by the Fund.
The Fund may be appropriate for investors with long-term time horizons who are not sensitive to short-term losses and seek to participate in the long-term growth of the financial markets.
The Adviser anticipates investing its cash balance in investments such as money market funds, repurchase agreements, commercial paper and short-term U.S. government agency and/or Treasury securities.
WMKTX - Performance
Return Ranking - Trailing
Period | WMKTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.5% | -3.8% | 25.3% | 47.00% |
1 Yr | 14.0% | -0.1% | 36.0% | 52.07% |
3 Yr | 1.2%* | -20.8% | 11.1% | 49.30% |
5 Yr | 5.0%* | -12.0% | 21.8% | 50.49% |
10 Yr | N/A* | -5.1% | 9.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | WMKTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.2% | -18.9% | 60.2% | 54.63% |
2022 | -14.7% | -48.5% | 0.1% | 32.56% |
2021 | 1.8% | -19.0% | 48.3% | 59.35% |
2020 | 6.2% | -16.5% | 52.8% | 48.04% |
2019 | 12.4% | -8.5% | 26.6% | 38.19% |
Total Return Ranking - Trailing
Period | WMKTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.5% | -3.8% | 25.3% | 47.00% |
1 Yr | 14.0% | -0.1% | 36.0% | 52.07% |
3 Yr | 1.2%* | -20.8% | 11.1% | 49.30% |
5 Yr | 5.0%* | -12.0% | 21.8% | 50.49% |
10 Yr | N/A* | -5.1% | 9.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | WMKTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.1% | -11.7% | 61.8% | 67.13% |
2022 | -12.4% | -48.5% | 4.6% | 38.14% |
2021 | 13.9% | -14.2% | 48.3% | 33.18% |
2020 | 7.0% | -11.7% | 77.4% | 54.90% |
2019 | 16.6% | -3.9% | 28.4% | 28.14% |
NAV & Total Return History
WMKTX - Holdings
Concentration Analysis
WMKTX | Category Low | Category High | WMKTX % Rank | |
---|---|---|---|---|
Net Assets | 47.9 M | 2.19 M | 12 B | 76.04% |
Number of Holdings | 15 | 2 | 2274 | 79.26% |
Net Assets in Top 10 | 42.8 M | 1.68 M | 9.46 B | 70.51% |
Weighting of Top 10 | 88.23% | 20.8% | 109.8% | 26.73% |
Top 10 Holdings
- iShares iBoxx $ Investment Grade Corporate Bond ETF 13.76%
- iShares Core U.S. Aggregate Bond ETF 13.36%
- iShares 1-3 Year Treasury Bond ETF 12.49%
- Vanguard Mega Cap Value ETF 11.21%
- SPDR SP 500 ETF Trust 9.28%
- iShares Russell 2000 ETF 8.27%
- SPDR Gold Shares 6.26%
- iShares MSCI ACWI ex U.S. ETF 4.98%
- Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF 4.35%
- Energy Select Sector SPDR Fund 4.27%
Asset Allocation
Weighting | Return Low | Return High | WMKTX % Rank | |
---|---|---|---|---|
Stocks | 98.92% | 0.00% | 145.83% | 36.41% |
Cash | 1.08% | -33.22% | 99.64% | 55.30% |
Convertible Bonds | 0.39% | 0.00% | 8.92% | 33.64% |
Preferred Stocks | 0.00% | -0.09% | 5.36% | 93.55% |
Other | 0.00% | -29.71% | 135.29% | 89.86% |
Bonds | 0.00% | 0.00% | 106.59% | 95.85% |
Stock Sector Breakdown
Weighting | Return Low | Return High | WMKTX % Rank | |
---|---|---|---|---|
Healthcare | 18.25% | 0.00% | 38.63% | 19.13% |
Technology | 16.67% | 0.00% | 85.77% | 53.55% |
Financial Services | 15.89% | 0.00% | 98.22% | 22.95% |
Industrials | 13.85% | 0.00% | 23.85% | 12.57% |
Real Estate | 8.10% | 0.00% | 99.45% | 22.95% |
Consumer Cyclical | 6.77% | 0.00% | 25.83% | 60.11% |
Consumer Defense | 5.62% | 0.00% | 37.51% | 61.20% |
Communication Services | 4.73% | 0.00% | 21.61% | 58.47% |
Basic Materials | 3.99% | 0.00% | 56.73% | 49.73% |
Energy | 3.76% | 0.00% | 60.89% | 65.57% |
Utilities | 2.36% | 0.00% | 91.12% | 65.03% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | WMKTX % Rank | |
---|---|---|---|---|
US | 98.92% | 0.00% | 145.83% | 35.94% |
Non US | 0.00% | -1.94% | 38.53% | 94.47% |
WMKTX - Expenses
Operational Fees
WMKTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.44% | 0.45% | 10.24% | 62.21% |
Management Fee | 0.75% | 0.00% | 1.50% | 43.32% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.05% | 0.70% | N/A |
Sales Fees
WMKTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
WMKTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
WMKTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 78.00% | 1.75% | 441.00% | 39.66% |
WMKTX - Distributions
Dividend Yield Analysis
WMKTX | Category Low | Category High | WMKTX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.92% | 0.00% | 24.95% | 53.00% |
Dividend Distribution Analysis
WMKTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
WMKTX | Category Low | Category High | WMKTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.45% | -2.01% | 13.72% | 27.19% |
Capital Gain Distribution Analysis
WMKTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 24, 2024 | $0.027 | OrdinaryDividend |
Mar 19, 2024 | $0.105 | OrdinaryDividend |
Sep 22, 2023 | $0.037 | OrdinaryDividend |
Jun 16, 2023 | $0.028 | OrdinaryDividend |
Mar 17, 2023 | $0.026 | OrdinaryDividend |
Dec 15, 2022 | $0.210 | OrdinaryDividend |
Sep 22, 2022 | $0.017 | OrdinaryDividend |
Jun 16, 2022 | $0.012 | OrdinaryDividend |
Mar 17, 2022 | $0.051 | OrdinaryDividend |
Dec 16, 2021 | $1.416 | OrdinaryDividend |
Jun 17, 2021 | $0.015 | OrdinaryDividend |
Dec 17, 2020 | $0.088 | OrdinaryDividend |
Dec 30, 2019 | $0.020 | OrdinaryDividend |
Dec 19, 2019 | $0.042 | OrdinaryDividend |
Dec 19, 2019 | $0.236 | CapitalGainShortTerm |
Dec 19, 2019 | $0.073 | CapitalGainLongTerm |
Sep 19, 2019 | $0.028 | OrdinaryDividend |
Mar 21, 2019 | $0.019 | OrdinaryDividend |
Dec 20, 2018 | $0.041 | OrdinaryDividend |
Dec 20, 2018 | $0.015 | CapitalGainShortTerm |
Dec 20, 2018 | $0.002 | CapitalGainLongTerm |
Dec 28, 2017 | $0.026 | OrdinaryDividend |
Dec 21, 2017 | $0.021 | OrdinaryDividend |
Dec 21, 2017 | $0.166 | CapitalGainShortTerm |
WMKTX - Fund Manager Analysis
Managers
Scott Love
Start Date
Tenure
Tenure Rank
Mar 01, 2017
5.25
5.3%
Mr. Love has been employed by WesBanco Bank since May 2012 serving as Executive Vice President since February 2021, and is responsible for providing investment research and portfolio management for the Trust and Investment Services department of WesBanco Bank. From June 2007 to May 2012 Mr. Love was 1st Vice President, Senior Investment Officer at Morgan Keegan & Company. Mr. Love received a B.A. in Business Administration from Baldwin-Wallace College and an M.B.A. from the Weatherhead School of Management at Case Western University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.83 | 6.67 | 13.0 |