WesMark Tactical Opportunity Fund
WMKTX
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- WesMark Tactical Opportunity Fund (WMKTX) is an open-end mutual fund that seeks capital appreciation through a tactical asset allocation strategy, dynamically shifting its portfolio mix in response to changing capital market conditions, including economic cycles, valuations, interest rates, and market opportunities. The Fund invests primarily across equities and fixed income securities; equity holdings encompass U.S. large-cap blend stocks, small- and mid-cap stocks, and international equities including emerging markets; fixed income allocations include domestic and foreign corporate or sovereign bonds of any credit quality or duration; it may also invest up to 85% in equities or fixed income during normal conditions, with additional exposure to commodities, cash, exchange-traded funds (ETFs), and real estate investment trusts (REITs). Top holdings typically include prominent ETFs such as iShares iBoxx $ Investment Grade Corporate Bond ETF, iShares Core U.S. Aggregate Bond ETF, iShares Russell 2000 ETF, Vanguard Mega Cap Value Index Fund ETF Shares, and SPDR Gold Shares, representing over 50% of the portfolio; asset diversification features approximately 49% U.S. stocks, 27% U.S. bonds, 8% non-U.S. stocks, 3% non-U.S. bonds, 4% cash, and 9% other assets, with sector weights led by technology, healthcare, financial services, industrials, and energy. Launched on March 1, 2017, the Fund is managed within the WesMark Funds family by WesBanco Trust and Investment Services, a division of WesBanco, Inc., the multi-state bank holding company founded in 1870 and headquartered in Wheeling, West Virginia; WesMark Funds are available to U.S. investors with a minimum initial investment of $1,000 ($500 for IRAs), a net expense ratio of 1.63%, and total net assets of approximately $47 million. The Fund operates in the tactical allocation category, targeting individual and institutional investors seeking growth with reduced volatility through proactive diversification across U.S. and global markets. Recent leadership changes include Robert "Bob" McGee, CFA, assuming the role of lead portfolio manager as of March 1, 2024, following his appointment as Senior Vice President and Chief Investment Strategist at WesBanco Trust and Investment Services in 2023; McGee, with over 30 years of experience, also oversees other WesMark Funds including Balanced, Government Bond, Large Company, and Small Company Funds; the Fund's prospectus was updated effective March 4, 2025, reflecting ongoing operational disclosures amid stable assets under management at around $47-48 million as of mid-2025.