Fund Evaluator:
WesMark Government Bond (WMBDX)
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Best Performing in Government Mortgage-Backed Bond Over the Last Year
| 3.2% | Fidelity Advisor Mortgage Securities Z (FIKUX) |
| 3.1% | Fidelity GNMA (FGMNX) |
| 3.1% | Vanguard Mortgage-Backed Secs Idx Adm (VMBSX) |
| 3.1% | Fidelity Mortgage Securities (FMSFX) |
| 3.0% | Vanguard GNMA Adm (VFIJX) |
Fund Details
WesMark Government Bond Overview
WesMark Government Bond (WMBDX) is an actively managed Taxable Bond Government Mortgage-Backed Bond fund. WesMark launched the fund in 1998.
The investment seeks to achieve high current income consistent with preservation of capital. The fund pursues its investment objective by investing primarily in U.S. government securities. U.S. government securities include U.S. Treasury securities as well as securities of U.S. government sponsored entities, (GSE). The fund's portfolio may also include investment-grade corporate debt securities and certain taxable securities issued by municipal entities such as Build America Bonds.
About WesMark Government Bond (WMBDX)
There are 1 members of the management team with an average tenure of 2.50 years: Robert McGee (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Govt/Credit Interm TR USD index with a weighting of 100% and Lipper Intermediate US Gov Fd Avg index with a weighting of 100%. WesMark Government Bond has 102 securities in its portfolio. The top 10 holdings constitute 25.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
WesMark Government Bond is part of the Fixed Income global asset class and is within the Taxable Bond fund group. WesMark Government Bond has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.5% (99.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). WesMark Government Bond has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $166 million in total assets, which is below the $334 million average for the Government Mortgage-Backed Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
WMBDX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The WesMark Government Bond expense ratio is high compared to funds in the Government Mortgage-Backed Bond category. WesMark Government Bond has an expense ratio of 1.00%, which is 10% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. WesMark Government Bond has a portfolio turnover rate of 17%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 367% for the Government Mortgage-Backed Bond category.
Recently, in the month of August 2026, WesMark Government Bond returned 0.3%, which earned it a grade of D, as the Government Mortgage-Backed Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
WesMark Government Bond has a trailing yield of 3.66%, which is below the 3.86% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
WesMark Government Bond Grades
Year to date, the fund has returned -0.5%, 0.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 1.7% over the past year (grade of D), 3.6% over the past three years (grade of F) and -2.1% per year over the past five years (grade of F) and -0.2% per year over the past 10 years (grade of F).
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WMBDX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WMBDX Return (NAV) | 0.3% | -0.6% | 1.7% | 3.6% | -2.1% | -0.2% |
| WMBDX Grade | D | B | D | F | F | F |
| +/- Category | 0.0% | 0.1% | -0.4% | -0.5% | -2.2% | -1.3% |
| Government Mortgage-Backed Bond Avg | 0.3% | -0.7% | 2.0% | 4.1% | 0.2% | 1.0% |
| WMBDX Tax Cost Ratio | na | na | 1.5% | 1.4% | 1.2% | 1.0% |
WMBDX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WMBDX Return (NAV) | -0.5% | 6.9% | 0.9% | 2.7% | -17.1% | -1.4% | 3.5% | 4.7% | 1.1% | 1.2% | 0.8% |
| WMBDX Grade | D | D | C | F | F | C | D | D | A | D | F |
| +/- Category | -0.4% | -0.7% | -0.3% | -1.8% | -6.6% | 0.0% | -0.9% | -0.5% | 0.7% | -0.1% | -0.6% |
| Government Mortgage-Backed Bond Avg | -0.1% | 7.6% | 1.2% | 4.4% | -10.5% | -1.4% | 4.4% | 5.2% | 0.5% | 1.3% | 1.3% |
| Risk Measures | |
| Standard Deviation: | 6.1% |
| Total Risk Index: | 0.50 - Below Average |
| Category Risk Index: | 1.09 - Average |
| Category Risk Grade: | C (49% Rank) |
| Beta: | 1.09 |
| R-Squared: | 99% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 3.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $166 Mil |
| Fund Total Assets: | $ 167 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 17% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): McGee Robert (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 102 |
| % in Top 10 Holdings: | 25.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.5% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Fund Family: | WesMark |
| Phone Number: | 800-864-1013 |
| Website: | www.wesmarkfunds.com |
| Status: | Open |
| Inception Date: | April 20, 1998 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.00% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.91% |
| Share Class: | WesMark Government Bond |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
