WesMark Government Bond Fund
WMBDX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- One Bank Plaza Wheeling WV United States of America 26003
- IPO Date
- Mar 24, 1998
- CIK
- 0001007226
- Website
- wesmarkfunds.com
- Similar Companies
- Business
- WesMark Government Bond Fund (WMBDX) is an open-end mutual fund that seeks high current income consistent with the preservation of capital by investing primarily in a diversified portfolio of government securities, including obligations issued or guaranteed by the U.S. Treasury and U.S. government-sponsored enterprises such as Fannie Mae (Federal National Mortgage Association), Freddie Mac (Federal Home Loan Mortgage Corporation), and Ginnie Mae (Government National Mortgage Association); the Fund also holds agency mortgage-backed securities, callable notes, and may invest across maturities based on economic analysis without targeting a specific duration. Launched on April 20, 1998, with ticker symbol WMBDX and CUSIP 951025402, the Fund is managed by WesBanco Trust and Investment Services within the WesMark Funds family; it operates in the intermediate core bond category, with assets under management of approximately $169-174 million, a net expense ratio of 1.08%, and a modified duration of around 6.5 years as of mid-2025. The Fund's top holdings typically include mortgage-backed securities like Fannie Mae Pool FNMA4918 5.00% due 2/1/2053 and Freddie Mac Pool FR SD8299 5.00% due 2/1/2053, comprising over 20% of net assets; it targets investors seeking income from U.S. fixed-income securities with low credit risk but exposure to interest rate fluctuations. WesMark Government Bond Fund is available to U.S. investors through platforms like Schwab and Fidelity, with a minimum initial investment of $1,000. In recent developments, Robert "Bob" McGee, CFA, assumed the role of lead portfolio manager effective March 1, 2024, bringing over 30 years of investment experience as Senior Vice President and Chief Investment Strategist at WesBanco Trust and Investment Services, where he oversees multiple WesMark Funds including WMBDX; McGee joined WesBanco in 2023 after prior roles in portfolio management. Effective May 19, 2025, the WesMark Funds, including WMBDX, transitioned administrative services to Ultimus Fund Solutions, LLC as administrator and transfer agent, and Ultimus Fund Distributors, LLC as principal underwriter and distributor, reflecting a strategic shift in fund operations and distribution. The Fund remains headquartered in Wheeling, West Virginia, under WesBanco, Inc., a regional banking and wealth management firm serving the Mid-Atlantic and Midwest U.S. regions.