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WesMark Growth Fund and WesMark Government Bond Fund Named Lipper Leaders

2008-07-29 09:49:00

WesMark Growth Fund and WesMark Government Bond Fund Named Lipper Leaders

    WHEELING, W.Va., July 29 /EMWNews/ -- The WesMark Growth

Fund (Nasdaq: WMKGX) and the WesMark Government Bond Fund (Nasdaq: WMBDX),

managed by the WesBanco Investment Department of WesBanco Trust and

Investment Services, a division of WesBanco Bank, Inc. (Nasdaq: WSBC), were

recognized by Lipper, Inc. as Lipper Leaders.



    The WesMark Growth Fund was recognized as a Lipper Leader in the Total

Return and Preservation categories as of 6/30/2008 out of 692 and 9026

funds, respectively. The WesMark Government Bond Fund was recognized in the

Preservation category as of 6/30/2008 out of 4132 funds. The WesMark Growth

Fund is in the US Mutual Fund sector, Large Cap Core and the WesMark

Government Bond Fund is in the US Mutual Fund sector, General U.S.

Government Funds. According to Lipper, only about 20% of all funds tracked

by Lipper qualify for these ratings.



    "We're excited to have earned this recognition from Lipper, a highly

respected expert in fund evaluation," said Jerry Schmitt, Executive Vice

President of WesBanco Trust and Investment Services, who manages the

WesMark Growth Fund and the WesMark Government Bond Fund with David

Ellwood, Senior Vice President, Trust and Investment Services.



    "A fund named a Lipper Leader for Total Return has shown a strong trend

of solid long-term performance compared to its peers. A fund that received

the Lipper Leader for the Total Return designation has delivered

performance topping 80% of its competitors," cites Mr. Ellwood.



    The WesMark Growth Fund, with assets of nearly $257 million as of March

31, 2008, pursues capital appreciation by investing in a diversified

portfolio of equity securities of companies with prospects for

above-average, long-term growth in earnings. The portfolio managers focus

on selecting growth-oriented stocks of large- or mid-capitalization

companies that are expected to achieve above-average profitability, based

on measurements such as operating profit margin and return on equity.



    The WesMark Government Bond Fund, with assets of over $202 million as

of March 31, 2008, endeavors to provide investors with a high level of

current income consistent with preservation of capital. The Fund invests

primarily in U.S. government securities, including U.S. Treasury securities

as well as securities of U.S. government sponsored entities. The Fund's

portfolio may also include investment-grade corporate debt securities.



    The WesMark Growth Fund and WesMark Government Bond Fund are part of

the $630 million WesMark Fund family, which is managed by WesBanco

Investment Department. Introduced in 1997, the WesMark Funds consist of

five stock, bond, and balanced funds. The administrator and distributor of

the funds since 1997 have been subsidiaries of Pittsburgh-based Federated

Investors, Inc.



    The initial minimum investment for the WesMark Funds is as low as

$1,000 ($500 for IRAs). Subsequent investments can be made in amounts of at

least $100. For additional information about the WesMark Family of Funds

visit http://www.wesmarkfunds.com and select information about Trust and

Investment Services.



    Prospective investors can call 800-864-1013 for more complete

information, including a prospectus. Investors should carefully consider

the fund's investment objectives, risks, charges, and expenses before they

invest. Information about these and other important subjects is in the

fund's prospectus, which should be read carefully before investing.



    Past performance is no guarantee of future results.



    Footnotes:



    Lipper Leaders measures analyze past fund performance, and investors

should remember that past performance is no guarantee of future results.

Lipper Leaders' status is calculated monthly using data available at the

time of calculation; Lipper undertakes no responsibility for updating the

calculations more frequently than monthly to incorporate more current data.

For more information, please email [email protected]



    Lipper ratings for Total Return reflect funds' historical total return

performance relative to peers as of 6/30/08. The ratings are subject to

change every month and are based on an equal-weighted average of percentile

ranks for the Total Return metrics over three-, five-, and ten-year periods

(if applicable). The highest 20% of funds in each peer group are named

Lipper Leader or a score of 5 for Total Return, the next 20% receive a

score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the

lowest 20% are scored 1. WesMark Growth Fund, in Lipper's Total Return

classification, received the following ratings for the 3-, 5- and 10-year

periods respectively: 5, 3, and 5 out of 692, 574 and 323 funds.



    Lipper ratings for Preservation reflect funds' historical loss

avoidance relative to other funds within the same asset class, as of

6/30/2008. The ratings are subject to change every month and are based on

an equal-weighted average of percentile ranks for the Preservation metric

over three-, five-, and ten-year periods (if applicable). The highest 20%

of funds in each peer group are named Lipper Leader or a score of 5 for

Preservation, the next 20% receive a score of 4, the middle 20% are scored

3, the next 20% are scored 2, and the lowest 20% are scored 1. Preservation

ratings are relative, rather than absolute, measures, and funds named

Lipper Leaders for Preservation may still experience losses periodically;

those losses may be larger for equity and mixed equity funds than for fixed

income funds. WesMark Growth Fund in Lipper's Preservation classification

received the following ratings for the 3 year, 5 year and 10 year periods,

respectively: 5, 4, and 4 out of 9026, 7221 and 3352 funds.



    WesMark Government Bond Fund in Lipper's Preservation classification

received the following ratings for the 3 year, 5 year, and 10 year periods,

respectively: 5, 5, and 5 out of 4132, 3625 and 2342 funds.



    WesBanco Bank, Inc. is a Member FDIC. Trust and Investment Services may

invest in insured deposits or nondeposit investment products. Nondeposit

investment products are not FDIC insured not bank guaranteed, not insured

by any government entity and are subject to investment risk including the

risk of possible loss of the principal amount invested.



    Edgewood Services, Inc. is the distributor of the WesMark Funds.





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