About WMKMX
The WesMark West Virginia Municipal Bond Fund is a municipal bond mutual fund focused on delivering current income that is exempt from both federal and West Virginia state income taxes. Its primary function is to invest in a diversified portfolio of investment-grade municipal securities issued predominantly by the State of West Virginia, along with its political subdivisions, agencies, and authorities. By targeting these bonds, the fund serves investors seeking tax-advantaged income, especially those residing in West Virginia. The fund is actively managed, with its portfolio strategy emphasizing credit quality, interest rate outlook, and a focus on securities free from federal alternative minimum tax. Typical holdings include bonds related to local infrastructure, education, and public services, reflecting the fund's impact on essential state sectors such as water utilities, higher education, economic development, and housing. With an average maturity of approximately nine years and a diversified allocation across various municipal issuers, the WesMark West Virginia Municipal Bond Fund plays a significant role in supporting local community finance while offering investors a potentially lower-risk source of tax-exempt income.
Fund Family WesMark
Category Muni Single State Interm
Performance Rating Below Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol WMKMX
Index Bloomberg Municipal Bond 5 Y TR
WMKMX had a total return of -3.29% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.66%.
