WesMark Balanced Fund
WMBLX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- 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 Balanced Fund (WMBLX) is an open-end mutual fund that seeks capital appreciation and income through a diversified portfolio allocated 30-70% to stocks, 30-70% to bonds, and 0-40% to money market securities; stocks encompass domestic large-, mid-, and small-cap equities as well as foreign stocks selected based on expected returns; bonds include U.S. government securities such as notes, bonds, and mortgage-backed securities, alongside corporate bonds. The fund invests across sectors including technology hardware, diversified banks, pharmaceuticals, consumer staples retail, and integrated oil & gas, with top holdings such as Apple Inc., Chevron Corp., AbbVie Inc., Caterpillar Inc., and PepsiCo Inc.; it maintains a no-load structure with a net expense ratio of 1.30% and distributes dividends monthly and capital gains annually. WesMark Balanced Fund, launched on April 20, 1998 as the successor to a common trust fund with performance history from October 31, 1961, is managed by WesBanco Investment Department, a division of WesBanco Bank, Inc., headquartered at One Bank Plaza in Wheeling, West Virginia; portfolio management is led by Robert McGee, CFA, Senior Vice President and Chief Investment Strategist who joined WesBanco in 2023 and assumed lead responsibilities across WesMark Funds effective March 2024, supported by Steven Kellas. In recent developments, effective May 19, 2025, ALPS Fund Services, Inc. ceased serving as administrator, transfer agent, and dividend disbursing agent, and ALPS Distributors, Inc. ended its role as principal underwriter and distributor, marking a significant operational transition for the WesMark Funds complex; the fund reports total net assets of approximately $100.28 million and continues to serve individual and institutional investors seeking moderate allocation strategies.