WesMark Funds

What WesMark Funds does

WesMark Funds is a family of six registered mutual funds operated as registered investment companies under the Investment Company Act of 1940, with the oldest fund (Balanced Fund, WMBLX) tracing back to an October 1961 inception date. The fund family is headquartered in Wheeling, West Virginia and includes Small Company Fund (WMKSX, 1993), Large Company Fund (WMKGX, 1997), Government Bond Fund (WMBDX, 1998), West Virginia Municipal Bond Fund (WMKMX, 1990), and the more recent Tactical Opportunity Fund (WMKTX, 2017). The product set spans small-cap and large-cap U.S. equities, U.S. government fixed income, state-specific West Virginia municipal bonds, a balanced allocation strategy, and a tactical asset allocation strategy. The funds trade on U.S. exchanges under publicly listed tickers and are available in most but not all U.S. states.

Portfolio management and investment advisory services are provided by WesBanco Trust and Investment Services, a division of WesBanco Bank, Inc., with Bob McGee serving as President and lead portfolio manager across five of the six funds and Steve Kellas leading the West Virginia Municipal Bond Fund. Distribution is handled exclusively by Ultimus Fund Distributors, LLC, and back-office fund administration (NAV calculation, shareholder services, regulatory filings) is outsourced to Ultimus Fund Solutions, based at 225 Pictoria Drive, Suite 450, Cincinnati, OH. The funds are sold to individual investors through financial advisors and investment professionals, with account setup and management handled through the Ultimus shareholder portal.

WesMark Funds generates revenue through investment management fees embedded in each fund's expense ratio, which range from 1.08% (Government Bond Fund) to 1.63% (Tactical Opportunity Fund) on a net and gross basis as disclosed in the February 4, 2025 prospectus. The relatively high expense ratios across the lineup are consistent with a sub-scale, advisor-distributed fund complex rather than an institutional-scale franchise. The firm is privately held within the WesBanco ecosystem (the funds themselves are publicly traded via their tickers), with no parent company, subsidiaries, or external funding rounds disclosed.

Name

WesMark Funds

Legal name

WesMark Funds

Website

https://wesmarkfunds.com

Company type

Public

Founded year

1961

Operating status

Operating

Headcount range

1–10 employees

Short description

WesMark Funds is a family of six mutual funds advised by WesBanco Trust and Investment Services, offering U.S. equity, government bond, balanced, tactical, and West Virginia municipal bond strategies to individual investors through financial advisors across most U.S. states.

Ownership category

akta.pro rank

Headquarters

HQ city

Wheeling

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Investment Management Fees: WesMark Funds generate revenue through management fees charged to investors, reflected in the expense ratios of each fund. The expense ratios represent the operating costs borne by the funds as a percentage of average net assets.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

WesMark Funds operates a family of six registered mutual funds: Small Company Fund (WMKSX), Large Company Fund (WMKGX), Balanced Fund (WMBLX), Government Bond Fund (WMBDX), West Virginia Municipal Bond Fund (WMKMX), and Tactical Opportunity Fund (WMKTX). The funds are managed by WesBanco Trust and Investment Services and distributed through Ultimus Fund Distributors, LLC to U.S. individual investors working with financial advisors, providing diversified equity, balanced, fixed income, tactical, and tax-exempt West Virginia municipal bond exposure.

Product overview

WesMark Funds is a mutual fund family consisting of six distinct investment funds. The portfolio includes equity funds (Small Company Fund, Large Company Fund), fixed income funds (Government Bond Fund, West Virginia Municipal Bond Fund), a balanced/blended fund (Balanced Fund), and a tactical allocation fund (Tactical Opportunity Fund). The funds are distributed by Ultimus Fund Distributors, LLC and managed by WesBanco Trust and Investment Services.

Differentiator

Problem solved

Functional benefit

Brands

• Small Company Fund (WMKSX): Small cap equity mutual fund
• Large Company Fund (WMKGX)
• Balanced Fund (WMBLX)
• Government Bond Fund (WMBDX)
• West Virginia Municipal Bond Fund (WMKMX)
• Tactical Opportunity Fund (WMKTX)

Products and services

• Small Company Fund (WMKSX) A mutual fund that invests in small capitalization stocks, seeking capital growth for individual investors.
• Large Company Fund (WMKGX) A mutual fund that invests in large capitalization stocks for individual investors seeking large-cap equity exposure.
• Balanced Fund (WMBLX) A mutual fund that maintains a balanced portfolio of stocks and bonds for individual investors.
• Government Bond Fund (WMBDX) A mutual fund that invests primarily in U.S. government securities, including U.S. Treasury and U.S. government-sponsored entities, for individual investors seeking government bond exposure.
• West Virginia Municipal Bond Fund (WMKMX) A municipal bond fund that invests in investment-grade securities issued by the State of West Virginia and its political subdivisions, seeking current income exempt from federal and West Virginia income tax.
• Tactical Opportunity Fund (WMKTX) A tactical allocation fund that dynamically shifts its asset mix between equities and fixed income based on changing market prospects, for individual investors seeking active allocation management.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Ultimus Fund Distributors, LLCcoreChannel Partner/ Reseller/ DistributorUltimus Fund Distributors, LLC is the distributor of WesMark Funds. They handle the shareholder portal for account setup and management. The company is not affiliated with WesMark Funds.
• Ultimus Fund SolutionscoreOthersUltimus Fund Solutions provides fund administration services including shareholder services, NAV calculations, and regulatory filings for WesMark Funds.
• WesBanco Trust and Investment ServicescoreTechnology or IntegrationWesBanco Trust and Investment Services serves as the investment adviser to WesMark Funds, providing portfolio management and investment strategy.

Recent moves5 records

Expansion highlights3 records

Emerging players

• Bridgeway Funds: An active mutual fund family with multiple equity strategies distributed through advisors. Comparable as a multi-fund family with active management and an advisor-driven sales motion.
• Royce Investment Partners: A mutual fund family specializing in small-cap and SMID-cap equity strategies, distributed through advisors. Comparable to WesMark's Small Company Fund and West Virginia Municipal Bond Fund in that the product line is concentrated in specific market-cap or income niches.
• Ave Maria Funds: A values-oriented multi-fund mutual fund family including equity and balanced strategies. Comparable as a small multi-fund family with a defined thematic identity and advisor distribution.

Direct peers

• Ariel Investments: A multi-fund mutual fund complex spanning U.S. equity and fixed income strategies, distributed through financial advisors. Comparable in structure (multi-fund family, advisor distribution model, prospectus-based sales) and in being a focused active manager.
• Oakmark Funds: An independent mutual fund family offering multiple equity and balanced strategies under one wrapper with advisor-led distribution. Comparable in product structure (multi-fund family, share-class tiers, prospectus-driven distribution) although significantly larger in AUM.
• Yacktman Funds: A small, focused mutual fund family running multiple equity and balanced strategies with advisor-led distribution. Comparable as a small-to-mid multi-strategy active fund family with a concentrated product menu.
• Davis Funds (Selected Funds): An active mutual fund family with multiple equity and balanced strategies distributed primarily through advisors. Comparable product structure and advisor-led GTM motion, though with significantly larger AUM and broader geographic reach.
• Tributary Funds: A family of mutual funds affiliated with a community-bank trust adviser, with a similarly small fund count spanning equity, fixed income, and balanced strategies. Closely comparable in operating model: small fund complex, bank-affiliated adviser, third-party administration and distribution.

Broad incumbents

• Sterling Capital Funds (now part of Truist/Columbia Threadneedle): Historically a bank-affiliated (BB&T) multi-strategy mutual fund family that has been folded into a larger asset manager. Highly comparable to WesMark in its original form: multiple equity and fixed income funds, regional trust adviser, and distribution via intermediaries.

Others

• Ultimus Fund Solutions: WesMark's fund administrator and the parent of its distributor. Included as a relevant ecosystem participant given the operational dependence; comparable infrastructure providers include ALPS Fund Services and Gemini Fund Services.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WesMark Funds