WesMark Large Company Fund
WMKGX
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- WesMark Large Company Fund (WMKGX) is an open-end mutual fund that seeks capital appreciation by investing primarily in a diversified portfolio of equity securities issued by large capitalization companies with prospects for above-average sustainable growth while trading at reasonable valuations; the majority of its holdings consist of domestic equities with market capitalizations consistent with the S&P 500 Index at the time of purchase, including top holdings such as Microsoft Corp., Apple Inc., Alphabet Inc., Amazon.com Inc., and NVIDIA Corp.; the fund targets companies expected to achieve superior profitability ratios, such as operating profit margins or return on equity, with sector allocations emphasizing technology (approximately 33%), financial services, communication services, consumer cyclical, and healthcare. The fund, which commenced operations on April 14, 1997 as the successor to a common trust fund managed by its adviser, maintains approximately 59 holdings and total net assets of around $367 million, with a net expense ratio of 1.16%; it is part of the WesMark Funds family, advised and managed by WesBanco Trust and Investment Services, a division of WesBanco Bank, Inc., with administrative offices at One Bank Plaza in Wheeling, West Virginia. Recent management changes include the appointment of Robert "Bob" McGee, CFA, as lead portfolio manager effective March 1, 2024, leveraging his over 30 years of experience in investment research and portfolio construction after joining WesBanco Trust in 2023; the fund operates within the large blend category, available to U.S. investors with a minimum initial investment of $1,000. In February 2025, parent organization WesBanco, Inc. completed its $959 million all-stock acquisition of Premier Financial Corp., expanding its footprint to over 250 financial centers across nine states and enhancing its wealth management capabilities, which indirectly supports the operational scale of the WesMark Funds family; this merger followed regulatory approvals and a $200 million capital raise, positioning WesBanco with combined assets of approximately $27 billion.