Wilmington Funds NPORT-P Wilmington Global Alpha Equities Fund (Jul 2024 report)

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Wilmington Global Alpha Equities Fund

PORTFOLIO OF INVESTMENTS

July 31, 2024 (unaudited)

Description	Number of Shares		Value
COMMON STOCKS – 92.3%
AEROSPACE & DEFENSE – 1.6%
Austal Ltd.		31,225	$	53,499
Babcock International Group PLC		8,738		59,648
BAE Systems PLC		59,368		989,877
BWX Technologies, Inc.		6,039		600,820
General Dynamics Corp.		394		117,692
HEICO Corp.		155		37,408
Lockheed Martin Corp.		791		428,659
Northrop Grumman Corp.		1,002		485,289
Rheinmetall AG		518		282,433
TOTAL AEROSPACE & DEFENSE			$	3,055,325
AIR FREIGHT & LOGISTICS – 0.5%
C.H. Robinson Worldwide, Inc.		201		17,899
DSV A/S		1,331		243,986
Expeditors International of Washington, Inc.		3,294		411,157
Sankyu, Inc.		1,497		51,564
SG Holdings Co. Ltd.		3,118		31,710
United Parcel Service, Inc., Class B		587		76,527
Yamato Holdings Co. Ltd.		8,999		109,751
ZTO Express Cayman, Inc.		3,145		60,059
TOTAL AIR FREIGHT & LOGISTICS			$	1,002,653
AUTOMOBILE COMPONENTS – 0.7%
Aisin Corp.		978		33,622
Bridgestone Corp.		2,042		84,308
Continental AG		1,293		79,343
Fuyao Glass Industry Group Co. Ltd., Class H		50,221		262,262
Hankook Tire & Technology Co. Ltd.		1,627		52,766
Hyundai Mobis Co. Ltd.		692		110,831
Koito Manufacturing Co. Ltd.		6,220		93,235
NOK Corp.		2,113		31,355
Nokian Renkaat OYJ		6,766		61,743
Stanley Electric Co. Ltd.		7,562		150,554
Sumitomo Electric Industries Ltd.		2,515		38,781
Sumitomo Rubber Industries Ltd.		6,851		72,578
Tachi-S Co. Ltd.		3,281		43,913
Tokai Rika Co. Ltd.		3,630		50,135
Toyota Boshoku Corp.		5,480		75,009
TS Tech Co. Ltd.		5,116		68,661
Unipres Corp.		1,711		14,585
Valeo SE		5,724		65,572
TOTAL AUTOMOBILE COMPONENTS			$	1,389,253
AUTOMOBILES – 1.0%
Dongfeng Motor Group Co. Ltd., Class H*		79,255		23,230
Honda Motor Co. Ltd.		31,168		342,670
Isuzu Motors Ltd.		57,325		791,158
Mercedes-Benz Group AG		3,617		239,411
Nissan Motor Co. Ltd.		29,848		96,873
Renault SA		2,320		112,585

Description	Number of Shares		Value
Subaru Corp.		4,749	$	94,676
Suzuki Motor Corp.		6,670		78,341
Toyota Motor Corp.		308		6,063
Yamaha Motor Co. Ltd.		6,736		63,626
TOTAL AUTOMOBILES			$	1,848,633
BANKS – 6.0%
77 Bank Ltd. (The)		2,277		72,047
ABN AMRO Bank NV		9,429		164,446
AIB Group PLC		20,114		115,372
Axis Bank Ltd., GDR		7,217		505,190
Banco Bradesco SA, ADR		56,516		125,466
Bank of America Corp.		12,855		518,185
Bank of Ireland Group PLC		9,660		109,511
Bank of Nova Scotia (The)		9,548		445,848
Bank of Nova Scotia (The)		9,417		439,491
BNP Paribas SA		3,058		210,022
BPER Banca SpA		24,293		142,024
CIMB Group Holdings Bhd		49,828		80,579
Dah Sing Financial Holdings Ltd.		11,819		30,936
DGB Financial Group, Inc.		8,525		50,466
DNB Bank ASA		19,447		401,930
Erste Group Bank AG		3,660		190,447
FinecoBank Banca Fineco SpA		80,811		1,373,086
First Citizens BancShares, Inc., Class A		170		354,907
HDFC Bank Ltd., ADR		12,429		745,864
HSBC Holdings PLC		44,550		403,190
ING Groep NV		11,031		199,966
JPMorgan Chase & Co.		1,795		381,976
Kasikornbank PCL		27,704		102,593
Kasikornbank PCL, NVDR		14,488		53,448
KB Financial Group, Inc., ADR		2,601		169,611
Mebuki Financial Group, Inc.		11,773		49,904
Mitsubishi UFJ Financial Group, Inc.		43,644		509,843
Mizuho Financial Group, Inc.		7,368		169,586
PNC Financial Services Group, Inc. (The)		1,217		220,399
Resona Holdings, Inc.		35,601		259,513
Royal Bank of Canada		4,728		528,328
San-In Godo Bank Ltd. (The)		5,990		57,579
Sberbank of Russia PJSC, ADR*,(1)		3,982		—
Security Bank Corp.		27,042		29,833
Shinhan Financial Group Co. Ltd., ADR		5,438		235,629
Societe Generale SA		7,737		200,793
Standard Chartered PLC		23,650		233,254
Sumitomo Mitsui Trust Holdings, Inc.		14,215		364,473
Tochigi Bank Ltd. (The)		14,320		34,317
Unicaja Banco SA		53,005		71,247
UniCredit SpA		8,990		369,280
Wells Fargo & Co.		16,696		990,741
TOTAL BANKS			$	11,711,320
BEVERAGES – 1.4%
Ambev SA		43,008		87,823

 

July 31, 2024 (unaudited)

2 PORTFOLIO OF INVESTMENTS

 

  Wilmington Global Alpha Equities Fund (continued)  

 

Description	Number of Shares		Value
Asahi Group Holdings Ltd.		3,430	$	127,190
Cia Cervecerias Unidas SA		10,195		56,296
Coca-Cola Co. (The)		4,924		328,628
Coca-Cola Icecek AS		1,175		30,016
Diageo PLC		16,364		508,879
Embotelladora Andina SA, Class B, ADR		3,320		63,512
Heineken NV		6,141		545,113
Kirin Holdings Co. Ltd.		17,311		246,194
PepsiCo., Inc.		2,151		371,413
Pernod Ricard SA		2,247		301,545
Suntory Beverage & Food Ltd.		1,648		59,647
Tsingtao Brewery Co. Ltd., Class H		10,987		70,243
TOTAL BEVERAGES			$	2,796,499
BIOTECHNOLOGY – 0.4%
Argenx SE, ADR*		702		362,141
Keymed Biosciences, Inc.*		7,690		30,956
Sichuan Kelun-Biotech Biopharmaceutical Co. Ltd.*		567		11,467
United Therapeutics Corp.*		1,059		331,774
Zai Lab Ltd., ADR*		2,806		53,398
Zai Lab Ltd.*		6,250		11,919
TOTAL BIOTECHNOLOGY			$	801,655
BROADLINE RETAIL – 1.9%
Alibaba Group Holding Ltd.		29,708		293,930
Alibaba Group Holding Ltd., ADR		6,596		520,094
Amazon.com, Inc.*		13,618		2,546,294
ASKUL Corp.		11,160		158,604
Seria Co. Ltd.		3,990		90,691
TOTAL BROADLINE RETAIL			$	3,609,613
BUILDING PRODUCTS – 0.5%
AGC, Inc.		2,320		83,613
Assa Abloy AB, Class B		8,182		248,993
Cie de Saint-Gobain SA		1,782		153,206
Lennox International, Inc.		799		466,217
Trane Technologies PLC		223		74,544
TOTAL BUILDING PRODUCTS			$	1,026,573
CAPITAL MARKETS – 3.9%
Ares Management Corp., Class A		7,355		1,126,786
BlackRock, Inc.		157		137,610
Cboe Global Markets, Inc.		178		32,665
Charles Schwab Corp. (The)		2,989		194,853
CME Group, Inc.		610		118,163
CSC Financial Co. Ltd., Class H		200,169		141,681
Deutsche Boerse AG		731		149,839
Franklin Resources, Inc.		504		11,526
Hargreaves Lansdown PLC		673		9,560
Hong Kong Exchanges & Clearing Ltd.		10,178		301,972
Houlihan Lokey, Inc.		2,677		402,219
Intercontinental Exchange, Inc.		970		147,013
Intermediate Capital Group PLC		17,091		482,490
Japan Exchange Group, Inc.		975		23,099
KKR & Co., Inc.		5,442		671,815
London Stock Exchange Group PLC		3,098		377,155
MarketAxess Holdings, Inc.		64		14,306

Description	Number of Shares		Value
Moody’s Corp.		372	$	169,811
Morgan Stanley		5,143		530,809
Nasdaq, Inc.		10,770		728,914
S&P Global, Inc.		1,856		899,659
Schroders PLC		4,549		22,971
SEI Investments Co.		190		12,890
T Rowe Price Group, Inc.		380		43,400
Tradeweb Markets, Inc., Class A		1,844		205,938
UBS Group AG		23,514		714,193
TOTAL CAPITAL MARKETS			$	7,671,337
CHEMICALS – 2.0%
ADEKA Corp.		5,325		114,459
Air Liquide SA		713		130,147
Asahi Kasei Corp.		3,355		24,501
BASF SE		3,442		160,552
Celanese Corp.		1,803		254,494
China BlueChemical Ltd., Class H		93,979		23,456
Dow, Inc.		66		3,595
Element Solutions, Inc.		8,463		228,078
EMS-Chemie Holding AG		39		32,591
Evonik Industries AG		6,262		127,171
FMC Corp.		6,621		386,402
Fuso Chemical Co. Ltd.		4,127		107,579
Givaudan SA		27		132,485
KH Neochem Co. Ltd.		8,818		132,383
Linde PLC		1,649		747,822
Lintec Corp.		3,483		79,051
LyondellBasell Industries NV, Class A		353		35,109
Mitsubishi Gas Chemical Co., Inc.		7,995		152,957
Nippon Shokubai Co. Ltd.		6,920		75,549
Nissan Chemical Corp.		385		12,526
NOF Corp.		5,579		80,386
Sherwin-Williams Co. (The)		870		305,196
Shin-Etsu Chemical Co. Ltd.		8,483		382,119
Symrise AG		517		65,324
Valqua Ltd.		1,876		46,084
TOTAL CHEMICALS			$	3,840,016
COMMERCIAL SERVICES & SUPPLIES – 1.6%
Aeon Delight Co. Ltd.		2,134		55,770
Cintas Corp.		630		481,282
Clean Harbors, Inc.*		2,549		608,523
Copart, Inc.*		20,533		1,074,492
Kokuyo Co. Ltd.		2,665		45,026
Prosegur Cia de Seguridad SA		20,177		37,471
Rollins, Inc.		415		19,883
Secom Co. Ltd.		1,421		91,271
Waste Connections, Inc.		3,520		625,750
TOTAL COMMERCIAL SERVICES & SUPPLIES			$	3,039,468
COMMUNICATIONS EQUIPMENT – 1.0%
Arista Networks, Inc.*		1,449		502,151
Cisco Systems, Inc.		14,698		712,118
Motorola Solutions, Inc.		1,246		497,054
Nokia OYJ		32,106		125,818

July 31, 2024 (unaudited)

PORTFOLIO OF INVESTMENTS 3

 

Wilmington Global Alpha Equities Fund (continued)

Description	Number of Shares		Value
Telefonaktiebolaget LM Ericsson, Class B		20,857	$	142,680
TOTAL COMMUNICATIONS EQUIPMENT			$	1,979,821
CONSTRUCTION & ENGINEERING – 0.1%
Bouygues SA		1,106		38,231
Chiyoda Corp.*		6,611		13,636
Ferrovial SE		371		14,752
Fugro NV		2,325		61,950
Implenia AG		422		15,337
JGC Holdings Corp.		13,901		119,333
Obayashi Corp.		856		11,345
Vinci SA		63		7,200
TOTAL CONSTRUCTION & ENGINEERING			$	281,784
CONSTRUCTION MATERIALS – 0.5%
Heidelberg Materials AG		2,062		215,305
Holcim AG*		5,153		482,806
Imerys SA		1,393		47,398
Semen Indonesia Persero Tbk PT		195,821		47,088
Taiheiyo Cement Corp.		2,866		79,032
Vicat SACA		1,221		42,484
TOTAL CONSTRUCTION MATERIALS			$	914,113
CONSUMER FINANCE – 0.7%
American Express Co.		3,668		928,151
Credit Acceptance Corp.*		704		404,730
Marui Group Co. Ltd.		6,252		101,685
Vanquis Banking Group PLC		12,984		9,147
TOTAL CONSUMER FINANCE			$	1,443,713
CONSUMER STAPLES DISTRIBUTION & RETAIL – 1.4%
Alimentation Couche-Tard, Inc.		9,167		565,099
Atacadao SA*		45,714		74,760
Carrefour SA		9,119		136,193
Costco Wholesale Corp.		170		139,740
J Sainsbury PLC		22,846		80,884
Koninklijke Ahold Delhaize NV		4,337		139,779
Performance Food Group Co.*		11,315		780,735
Tesco PLC		83		354
Tsuruha Holdings, Inc.		1,442		89,337
Walmart, Inc.		10,911		748,931
TOTAL CONSUMER STAPLES DISTRIBUTION & RETAIL			$	2,755,812
CONTAINERS & PACKAGING – 0.2%
Ball Corp.		2,709		172,916
Nampak Ltd.*		525		10,752
Silgan Holdings, Inc.		5,361		275,716
TOTAL CONTAINERS & PACKAGING			$	459,384
DISTRIBUTORS – 0.5%
Genuine Parts Co.		240		35,306
LKQ Corp.		21,500		892,250
TOTAL DISTRIBUTORS			$	927,556
DIVERSIFIED REITS – 0.1%
British Land Co. PLC (The)		10,201		53,977
Land Securities Group PLC		8,558		69,916

Description	Number of Shares		Value
Nomura Real Estate Master Fund, Inc.		47	$	46,339
DIVERSIFIED REITS			$	170,232
DIVERSIFIED TELECOMMUNICATION SERVICES – 0.8%
BT Group PLC		76,226		138,022
China Tower Corp. Ltd., Class H		691,992		85,028
Deutsche Telekom AG		878		22,967
Elisa OYJ		805		37,479
Koninklijke KPN NV		97,280		382,803
KT Corp., ADR		8,517		124,093
LG Uplus Corp.		10,223		74,477
Nippon Telegraph & Telephone Corp.		170,204		182,242
Orange Polska SA		34,773		69,674
Orange SA*		23,944		265,612
Proximus SADP		8,040		58,125
Swisscom AG		145		88,875
Telefonica Brasil SA		11,652		99,810
TOTAL DIVERSIFIED TELECOMMUNICATION SERVICES			$	1,629,207
ELECTRIC UTILITIES – 0.8%
American Electric Power Co., Inc.		3,932		385,808
Duke Energy Corp.		4,860		531,052
Edison International		4,673		373,887
Iberdrola SA		12,848		169,360
Redeia Corp. SA		2,292		40,606
TOTAL ELECTRIC UTILITIES			$	1,500,713
ELECTRICAL EQUIPMENT – 0.2%
AMETEK, Inc.		394		68,351
Cosel Co. Ltd.		4,144		34,025
Legrand SA		1,059		114,473
Schneider Electric SE		440		106,119
Ushio, Inc.		9,017		129,984
Zumtobel Group AG		1,808		11,114
TOTAL ELECTRICAL EQUIPMENT			$	464,066
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS – 0.9%
Alps Alpine Co. Ltd.		5,865		62,759
Amphenol Corp., Class A		2,010		129,163
Canon Marketing Japan, Inc.		2,920		90,891
CDW Corp.		227		49,511
Flex Ltd.*		17,707		569,280
Foxconn Technology Co. Ltd.		20,165		40,060
Halma PLC		2,127		72,789
Keyence Corp.		1,009		443,797
Koa Corp.		3,852		34,379
Maxell Ltd.		4,561		52,763
Nichicon Corp.		7,838		57,972
Nippon Chemi-Con Corp.*		3,411		33,426
PAX Global Technology Ltd.		31,061		17,413
Shimadzu Corp.		2,349		69,903
TOTAL ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS			$	1,724,106
ENERGY EQUIPMENT & SERVICES – 0.1%
China Oilfield Services Ltd., Class H		224,644		198,109
Trican Well Service Ltd.		9,847		35,946
TOTAL ENERGY EQUIPMENT & SERVICES			$	234,055

 

July 31, 2024 (unaudited)

4 PORTFOLIO OF INVESTMENTS

 

  Wilmington Global Alpha Equities Fund (continued)  

 

Description	Number of Shares		Value
ENTERTAINMENT – 1.0%
Avex, Inc.		4,080	$	41,071
Capcom Co. Ltd.		1,444		30,865
DeNA Co. Ltd.		4,638		48,205
NetEase, Inc., ADR		645		59,411
NetEase, Inc.		17,736		331,890
Netflix, Inc.*		1,029		646,572
Nintendo Co. Ltd.		2,866		160,475
Spotify Technology SA*		1,376		473,261
Square Enix Holdings Co. Ltd.		1,686		57,309
Universal Music Group NV		1,951		46,431
TOTAL ENTERTAINMENT			$	1,895,490
FINANCIAL SERVICES – 1.3%
Berkshire Hathaway, Inc., Class B*		1,421		623,108
Corpay, Inc.*		826		241,043
Fiserv, Inc.*		159		26,008
Investor AB, Class B		645		18,297
Jack Henry & Associates, Inc.		124		21,264
Mastercard, Inc., Class A		1,400		649,194
Mitsubishi HC Capital, Inc.		8,565		62,349
Visa, Inc., Class A		3,329		884,415
TOTAL FINANCIAL SERVICES			$	2,525,678
FOOD PRODUCTS – 1.3%
Astral Foods Ltd.*		4,733		44,805
Barry Callebaut AG		10		16,121
Campbell Soup Co.		332		15,557
Chocoladefabriken Lindt & Spruengli AG		25		313,586
Conagra Brands, Inc.		55		1,668
Danone SA		586		38,153
General Mills, Inc.		777		52,168
Hershey Co. (The)		255		50,357
Hormel Foods Corp.		517		16,601
J.M. Smucker Co. (The)		182		21,467
JDE Peet’s NV		502		11,018
Kellanova		467		27,156
Kerry Group PLC, Class A		470		43,948
Kraft Heinz Co. (The)		1,453		51,160
McCormick & Co., Inc.		429		33,037
MEIJI Holdings Co. Ltd.		2,079		52,723
Mondelez International, Inc., Class A		1,621		110,795
Nestle SA		5,939		603,136
Nissin Foods Holdings Co. Ltd.		2,377		70,974
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		262,934		13,826
Tate & Lyle PLC		10,524		88,954
Thai Union Group PCL, Class F		136,498		55,526
Tyson Foods, Inc., Class A		7,511		457,420
Ulker Biskuvi Sanayi AS*		22,566		114,269
WH Group Ltd.		139,961		91,004
Yihai International Holding Ltd.		30,633		45,874
TOTAL FOOD PRODUCTS			$	2,441,303
GAS UTILITIES – 0.8%
Atmos Energy Corp.		9,354		1,196,190
China Gas Holdings Ltd.		29,079		26,463
ENN Energy Holdings Ltd.		6,523		45,836

Description	Number of Shares		Value
Kunlun Energy Co. Ltd.		196,614	$	190,754
Osaka Gas Co. Ltd.		2,971		67,569
Snam SpA		2,075		9,919
TOTAL GAS UTILITIES			$	1,536,731
GROUND TRANSPORTATION – 1.6%
Ayvens SA		9,356		62,019
Canadian National Railway Co.		6,118		708,246
Central Japan Railway Co.		4,604		108,949
East Japan Railway Co.		2,057		38,791
Knight-Swift Transportation Holdings, Inc.		9,569		520,841
Old Dominion Freight Line, Inc.		3,322		698,218
TFI International, Inc.		1,721		267,888
Uber Technologies, Inc.*		6,747		434,979
U-Haul Holding Co.		2,967		189,087
West Japan Railway Co.		359		7,084
TOTAL GROUND TRANSPORTATION			$	3,036,102
HEALTH CARE EQUIPMENT & SUPPLIES – 1.6%
Abbott Laboratories		4,873		516,245
Becton Dickinson & Co.		83		20,008
Coloplast A/S, Class B		703		91,410
Hoya Corp.		3,315		419,119
ICU Medical, Inc.*		2,226		282,657
IDEXX Laboratories, Inc.*		181		86,178
Koninklijke Philips NV*		8,282		233,760
Medtronic PLC		8,593		690,190
Paramount Bed Holdings Co. Ltd.		2,041		34,538
Shandong Weigao Group Medical Polymer Co. Ltd., Class H		203,007		102,636
Siemens Healthineers AG		920		49,415
Stryker Corp.		1,820		595,959
TOTAL HEALTH CARE EQUIPMENT & SUPPLIES			$	3,122,115
HEALTH CARE PROVIDERS & SERVICES – 2.4%
Alfresa Holdings Corp.		4,935		77,877
BML, Inc.		3,077		61,723
Cencora, Inc.		293		69,699
CVS Health Corp.		111		6,697
Fresenius SE & Co. KGaA*		4,451		159,879
HCA Healthcare, Inc.		1,914		694,878
McKesson Corp.		794		489,914
Molina Healthcare, Inc.*		1,894		646,365
Netcare Ltd.		81,021		57,832
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		48,163		72,249
UnitedHealth Group, Inc.		4,205		2,422,753
TOTAL HEALTH CARE PROVIDERS & SERVICES			$	4,759,866
HOTELS, RESTAURANTS & LEISURE – 1.8%
Aramark		5,495		188,314
Booking Holdings, Inc.		31		115,165
Choice Hotels International, Inc.		1,909		243,302
Compass Group PLC		16,387		504,749
Darden Restaurants, Inc.		2,450		358,411
DraftKings, Inc., Class A*		5,833		215,529
Flutter Entertainment PLC*		1,609		318,024
La Francaise des Jeux SAEM		596		23,156

July 31, 2024 (unaudited)

PORTFOLIO OF INVESTMENTS 5

 

Wilmington Global Alpha Equities Fund (continued)

Description	Number of Shares		Value
Marriott International, Inc., Class A		991	$	225,254
McDonald’s Corp.		2,812		746,305
McDonald’s Holdings Co. Japan Ltd.		1,026		42,532
Meituan, Class B*		34,405		481,318
Trip.com Group Ltd., ADR*		1,278		54,353
Yum! Brands, Inc.		478		63,493
TOTAL HOTELS, RESTAURANTS & LEISURE			$	3,579,905
HOUSEHOLD DURABLES – 1.1%
Casio Computer Co. Ltd.		5,629		45,673
Coway Co. Ltd.		1,841		83,308
Crest Nicholson Holdings PLC		17,396		59,576
Garmin Ltd.		259		44,354
Lennar Corp., Class A		1,415		250,356
Nikon Corp.		12,019		139,241
NVR, Inc.*		91		783,281
Rinnai Corp.		3,880		95,831
Sekisui Chemical Co. Ltd.		11,055		167,775
Sekisui House Ltd.		8,993		226,918
Sony Group Corp.		3,639		328,665
TOTAL HOUSEHOLD DURABLES			$	2,224,978
HOUSEHOLD PRODUCTS – 0.9%
Church & Dwight Co., Inc.		333		32,638
Henkel AG & Co. KGaA		1,729		134,072
Procter & Gamble Co. (The)		3,658		588,060
Reckitt Benckiser Group PLC		17,165		921,937
Unicharm Corp.		1,359		45,522
TOTAL HOUSEHOLD PRODUCTS			$	1,722,229
INDUSTRIAL CONGLOMERATES – 0.5%
3M Co.		647		82,525
CK Hutchison Holdings Ltd.		18,665		97,950
Hikari Tsushin, Inc.		559		105,266
Honeywell International, Inc.		2,674		547,501
Smiths Group PLC		1,960		45,001
TOTAL INDUSTRIAL CONGLOMERATES			$	878,243
INDUSTRIAL REITS – 0.1%
LaSalle Logiport REIT		108		106,843
Nippon Prologis REIT, Inc.		27		44,536
TOTAL INDUSTRIAL REITS			$	151,379
INSURANCE – 7.0%
Admiral Group PLC		1,056		37,387
Ageas SA		3,376		161,273
AIA Group Ltd.		171,411		1,151,830
Allianz SE		1,947		549,542
Arthur J. Gallagher & Co.		3,265		925,595
AXA SA		16,454		578,561
Baloise Holding AG		231		41,450
Brown & Brown, Inc.		409		40,667
Caixa Seguridade Participacoes S/A		12,590		32,209
China Pacific Insurance Group Co. Ltd., Class H		92,277		245,667
China Reinsurance Group Corp., Class H		692,920		47,006
Chubb Ltd.		1,537		423,689
Dai-ichi Life Holdings, Inc.		9,271		287,651

Description	Number of Shares		Value
Enstar Group Ltd.*		915	$	296,826
Everest Group Ltd.		816		320,582
Gjensidige Forsikring ASA		671		11,353
Globe Life, Inc.		6,167		571,928
Intact Financial Corp.		7,634		1,387,296
Japan Post Holdings Co. Ltd.		5,253		56,245
Japan Post Insurance Co. Ltd.		4,750		99,341
Markel Group, Inc.*		314		514,599
Marsh & McLennan Cos., Inc.		1,938		431,341
MS&AD Insurance Group Holdings, Inc.		32,296		772,232
Muenchener Rueckversicherungs AG		331		163,207
NN Group NV		3,339		167,456
Old Mutual Ltd.		123,174		83,322
PICC Property & Casualty Co. Ltd., Class H		433,853		568,634
Principal Financial Group, Inc.		5,030		409,995
Progressive Corp. (The)		2,236		478,772
Prudential PLC		16,366		147,107
Sampo OYJ, Class A		2,550		111,687
Swiss Life Holding AG		35		26,868
T&D Holdings, Inc.		45,571		866,672
Talanx AG		8,161		620,465
Tokio Marine Holdings, Inc.		15,436		620,511
Tongyang Life Insurance Co. Ltd.		3,354		19,416
Travelers Cos., Inc. (The)		269		58,222
Tryg A/S		1,967		43,075
Willis Towers Watson PLC		72		20,324
Zurich Insurance Group AG		314		172,856
TOTAL INSURANCE			$	13,562,859
INTERACTIVE MEDIA & SERVICES – 2.9%
Alphabet, Inc., Class A		14,426		2,474,636
Alphabet, Inc., Class C		3,467		600,311
Baidu, Inc., Class A*		6,472		72,649
Kanzhun Ltd., ADR		10,184		138,299
Meta Platforms, Inc., Class A		1,789		849,471
Pinterest, Inc., Class A*		6,310		201,604
Tencent Holdings Ltd.		29,065		1,347,440
TOTAL INTERACTIVE MEDIA & SERVICES			$	5,684,410
IT SERVICES – 1.5%
Accenture PLC, Class A		2,198		726,703
BIPROGY Inc		3,253		106,816
Capgemini SE		2,349		466,749
Cognizant Technology Solutions Corp., Class A		6,662		504,180
Dentsu Soken, Inc.		1,796		68,217
Future Corp.		13,191		150,925
Gartner, Inc.*		177		88,711
GoDaddy, Inc., Class A*		2,368		344,426
International Business Machines Corp.		842		161,782
NET One Systems Co. Ltd.		6,447		130,270
Nomura Research Institute Ltd.		638		19,889
Obic Co. Ltd.		761		115,822
Otsuka Corp.		2,387		53,076
SCSK Corp.		1,043		20,563
TIS, Inc.		2,191		47,241
TOTAL IT SERVICES			$	3,005,370

 

July 31, 2024 (unaudited)

6 PORTFOLIO OF INVESTMENTS

 

  Wilmington Global Alpha Equities Fund (continued)  

 

Description	Number of Shares		Value
LEISURE PRODUCTS – 0.3%
Bandai Namco Holdings, Inc.		3,563	$	76,252
Roland Corp.		2,525		65,904
Sega Sammy Holdings, Inc.		14,705		240,249
Shimano, Inc.		558		99,565
Yamaha Corp.		4,177		100,239
TOTAL LEISURE PRODUCTS			$	582,209
LIFE SCIENCES TOOLS & SERVICES – 0.8%
Agilent Technologies, Inc.		501		70,841
Danaher Corp.		2,887		799,930
ICON PLC*		1,035		339,936
Medpace Holdings, Inc.*		425		162,571
Mettler-Toledo International, Inc.*		76		115,598
Thermo Fisher Scientific, Inc.		111		68,081
TOTAL LIFE SCIENCES TOOLS & SERVICES			$	1,556,957
MACHINERY – 2.5%
Alfa Laval AB		130		5,742
Amada Co. Ltd.		4,390		52,382
Atlas Copco AB, Class B		1,604		25,095
Daimler Truck Holding AG		4,098		158,509
Deere & Co.		1,162		432,241
Dover Corp.		237		43,670
Duerr AG		2,116		46,625
Fortive Corp.		1,975		141,904
Fuji Corp.		6,078		102,852
Graco, Inc.		2,741		233,122
Hino Motors Ltd.*		11,882		38,905
Hisaka Works Ltd.		2,170		15,789
IDEX Corp.		1,328		276,862
Kone OYJ, Class B		10,545		538,205
Kubota Corp.		11,050		160,802
Makino Milling Machine Co. Ltd.		824		37,293
Makita Corp.		3,461		114,085
MISUMI Group, Inc.		6,130		113,860
Nachi-Fujikoshi Corp.		2,053		45,910
Nordson Corp.		98		24,532
OKUMA Corp.		1,674		84,580
OSG Corp.		9,990		138,675
Otis Worldwide Corp.		3,320		313,740
PACCAR, Inc.		5,173		510,368
Schindler Holding AG		135		35,452
Schindler Holding AG		227		60,775
SKF AB, Class B		5,968		110,870
SMC Corp.		187		92,561
Snap-on, Inc.		91		26,120
Spirax Group PLC		417		48,568
Stanley Black & Decker, Inc.		184		19,434
Sumitomo Heavy Industries Ltd.		2,990		81,653
Tadano Ltd.		7,190		54,211
THK Co. Ltd.		9,182		175,666
Toyota Industries Corp.		467		39,996
Tsubakimoto Chain Co.		1,115		48,528
Volvo AB, Class B		14,382		367,030
TOTAL MACHINERY			$	4,816,612

Description	Number of Shares		Value
MARINE TRANSPORTATION – 0.0%**
Kuehne + Nagel International AG		23	$	7,140
MEDIA – 0.9%
Cable One, Inc.		222		91,770
Dentsu Group, Inc.		4,490		119,979
Hakuhodo DY Holdings, Inc.		8,690		71,467
Megacable Holdings SAB de CV		28,679		67,083
Metropole Television SA		3,773		49,327
Nippon Television Holdings, Inc.		6,599		106,823
Omnicom Group, Inc.		4,673		458,141
Publicis Groupe SA		4,373		457,271
RTL Group SA		1,846		58,237
Television Francaise 1 SA		8,700		76,596
TV Asahi Holdings Corp.		5,689		79,863
WPP PLC		17,040		164,425
TOTAL MEDIA			$	1,800,982
METALS & MINING – 0.8%
Anglo American PLC		3,393		102,504
ARE Holdings, Inc.		5,738		78,598
Barrick Gold Corp.		6,607		122,411
BHP Group Ltd., ADR		3,915		217,400
Centamin PLC		42,334		68,953
Centerra Gold, Inc.		8,294		55,628
Dowa Holdings Co. Ltd.		2,130		78,785
Endeavour Mining PLC		2,671		58,773
Ferrexpo PLC*		31,958		23,787
Fresnillo PLC		9,945		75,175
Maruichi Steel Tube Ltd.		2,127		52,165
Neturen Co. Ltd.		4,175		30,657
Norsk Hydro ASA		2,880		15,943
OceanaGold Corp.		21,459		52,845
Rio Tinto PLC		9,517		614,910
TOTAL METALS & MINING			$	1,648,534
MULTI-UTILITIES – 1.3%
Engie SA		92,957		1,462,764
National Grid PLC		45,462		576,255
Sempra		5,790		463,547
TOTAL MULTI-UTILITIES			$	2,502,566
OFFICE REITS – 0.1%
BXP, Inc.		252		17,970
Japan Real Estate Investment Corp.		14		48,597
Nippon Building Fund, Inc.		17		65,705
TOTAL OFFICE REITS			$	132,272
OIL, GAS & CONSUMABLE FUELS – 3.0%
ARC Resources Ltd.		3,684		63,746
BP PLC		47,898		282,538
Chevron Corp.		3,055		490,236
Coterra Energy, Inc.		31,018		800,264
Diamondback Energy, Inc.		1,957		395,921
Enbridge, Inc.		11,482		429,707
Eni SpA		24,665		395,013
Equinor ASA		18,809		499,937
Exxon Mobil Corp.		1,598		189,507
OMV AG		201		8,418

July 31, 2024 (unaudited)

PORTFOLIO OF INVESTMENTS 7

 

Wilmington Global Alpha Equities Fund (continued)

Description	Number of Shares		Value
ONEOK, Inc.		235	$	19,583
Shell PLC		29,950		1,093,463
TotalEnergies SE		17,846		1,206,728
Ultrapar Participacoes SA		6,334		24,917
Williams Cos., Inc. (The)		210		9,017
TOTAL OIL, GAS & CONSUMABLE FUELS			$	5,908,995
PAPER & FOREST PRODUCTS – 0.1%
Mondi PLC		5,990		117,085
UPM-Kymmene OYJ		2,044		67,536
TOTAL PAPER & FOREST PRODUCTS			$	184,621
PASSENGER AIRLINES – 0.1%
easyJet PLC		16,765		97,115
Japan Airlines Co. Ltd.		3,537		58,153
TOTAL PASSENGER AIRLINES			$	155,268
PERSONAL CARE PRODUCTS – 0.8%
Beiersdorf AG		566		82,205
Kao Corp.		1,050		46,288
Unilever PLC		22,435		1,377,461
TOTAL PERSONAL CARE PRODUCTS			$	1,505,954
PHARMACEUTICALS – 6.3%
Almirall SA		6,684		66,809
Astellas Pharma, Inc.		18,045		210,498
AstraZeneca PLC		8,116		1,290,418
AstraZeneca PLC, ADR		4,151		328,552
Chugai Pharmaceutical Co. Ltd.		14,543		641,599
Daiichi Sankyo Co. Ltd.		4,431		181,848
Eisai Co. Ltd.		789		30,337
Eli Lilly & Co.		591		475,324
Genomma Lab Internacional SAB de CV, Class B		80,841		83,093
GSK PLC		45,315		880,811
Johnson & Johnson		5,162		814,822
Kissei Pharmaceutical Co. Ltd.		1,193		27,833
Kyowa Kirin Co. Ltd.		4,833		102,561
Merck & Co., Inc.		7,954		899,836
Merck KGaA		3,647		654,407
Nippon Shinyaku Co. Ltd.		1,213		27,927
Novartis AG		23,468		2,635,688
Novo Nordisk A/S, Class B		1,093		144,562
Ono Pharmaceutical Co. Ltd.		9,036		134,962
Otsuka Holdings Co. Ltd.		2,730		141,471
Pfizer, Inc.*		27,715		846,416
Roche Holding AG		1,531		498,502
Roche Holding AG		55		19,412
Sanofi SA		1,937		199,842
Shionogi & Co. Ltd.		2,025		89,175
Takeda Pharmaceutical Co. Ltd.		8,885		255,153
Zoetis, Inc.		3,498		629,780
TOTAL PHARMACEUTICALS			$	12,311,638
PROFESSIONAL SERVICES – 2.0%
Adecco Group AG		2,995		102,227
Automatic Data Processing, Inc.		1,877		492,938
Bureau Veritas SA		13,975		438,609

Description	Number of Shares		Value
dip Corp.		5,725	$	117,515
en Japan, Inc.		5,319		100,092
Experian PLC		12,518		590,917
Hays PLC		51,301		62,059
Intertek Group PLC		176		11,426
MEITEC Group Holdings, Inc.		2,224		50,625
Open Up Group, Inc.		6,746		97,989
Pagegroup PLC		10,376		56,904
Paychex, Inc.		550		70,411
Persol Holdings Co. Ltd.		101,843		175,738
Randstad NV		2,134		103,836
Recruit Holdings Co. Ltd.		8,375		484,034
RELX PLC		3,875		182,971
SGS SA		846		92,624
SThree PLC		5,617		29,750
TechnoPro Holdings, Inc.		4,673		89,932
Transcosmos, Inc.		1,900		44,011
Wolters Kluwer NV		2,616		439,114
TOTAL PROFESSIONAL SERVICES			$	3,833,722
REAL ESTATE MANAGEMENT & DEVELOPMENT – 0.3%
CK Asset Holdings Ltd.		22,437		85,867
Daito Trust Construction Co. Ltd.		1,412		170,933
Daiwa House Industry Co. Ltd.		1,148		32,899
KE Holdings, Inc., ADR		6,637		91,922
Mitsubishi Estate Co. Ltd.		9,080		156,046
Swiss Prime Site AG		431		43,235
TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT			$	580,902
RESIDENTIAL REITS – 0.0%**
Camden Property Trust		181		20,046
Equity Residential		65		4,526
UDR, Inc.		434		17,390
TOTAL RESIDENTIAL REITS			$	41,962
RETAIL REITS – 0.2%
Simon Property Group, Inc.		2,388		366,415
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT – 4.1%
ams-OSRAM AG*		31,448		42,259
ASM Pacific Technology Ltd.		1,468		15,313
ASML Holding NV		452		416,045
Broadcom, Inc.		2,203		353,978
Disco Corp.		332		109,614
MediaTek, Inc.		8,400		311,774
Miraial Co. Ltd.		1,550		14,744
NVIDIA Corp.		27,740		3,246,135
NXP Semiconductors NV		1,851		487,109
Optorun Co. Ltd.		4,382		57,713
QUALCOMM, Inc.		1,614		292,053
Renesas Electronics Corp.		24,500		421,621
Rohm Co. Ltd.		17,117		234,123
Taiwan Semiconductor Manufacturing Co. Ltd.		14,900		423,383
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		2,777		460,427
Texas Instruments, Inc.		5,438		1,108,319
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT			$	7,994,610

 

July 31, 2024 (unaudited)

8 PORTFOLIO OF INVESTMENTS

 

  Wilmington Global Alpha Equities Fund (continued)  

 

Description	Number of Shares		Value
SOFTWARE – 4.2%
ANSYS, Inc.*		148	$	46,417
Cadence Design Systems, Inc.*		435		116,432
Constellation Software, Inc.		628		1,981,494
Dassault Systemes SE		2,714		102,920
Intuit, Inc.		696		450,556
Lumine Group, Inc.*		864		23,123
Microsoft Corp.		10,902		4,560,852
Nemetschek SE		23		2,199
Oracle Corp. Japan		456		37,228
Roper Technologies, Inc.		183		99,689
Sage Group PLC (The)		2,275		31,762
Salesforce, Inc.		1,468		379,918
Synopsys, Inc.*		260		145,163
Topicus.com, Inc.		395		34,781
Trend Micro, Inc.		753		36,437
Tyler Technologies, Inc.*		71		40,336
TOTAL SOFTWARE			$	8,089,307
SPECIALIZED REITS – 0.8%
American Tower Corp.		3,660		806,664
Crown Castle, Inc.		3,988		438,999
Public Storage		1,128		333,798
TOTAL SPECIALIZED REITS			$	1,579,461
SPECIALTY RETAIL – 1.6%
ABC-Mart, Inc.		3,212		63,198
Adastria Co. Ltd.		1,896		41,956
CarMax, Inc.*		2,004		169,218
CECONOMY AG*		10,070		30,406
Home Depot, Inc. (The)		1,355		498,857
Industria de Diseno Textil SA		8,970		435,491
Kingfisher PLC		29,062		103,227
Lojas Renner SA		33,860		79,260
O’Reilly Automotive, Inc.*		570		642,014
Ross Stores, Inc.		2,265		324,416
Shimamura Co. Ltd.		1,483		72,702
TJX Cos., Inc. (The)		4,488		507,234
Xebio Holdings Co. Ltd.		5,098		41,177
ZOZO, Inc.		1,603		46,933
TOTAL SPECIALTY RETAIL			$	3,056,089
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS – 3.0%
Apple, Inc.		25,316		5,622,177
Canon, Inc.		4,384		138,773
Catcher Technology Co. Ltd.		8,801		57,031
FUJIFILM Holdings Corp.		245		5,855
HP, Inc.		1,581		57,059
Quadient SA		2,804		55,716
TOTAL TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS			$	5,936,611
TEXTILES, APPAREL & LUXURY GOODS – 0.5%
Burberry Group PLC		6,364		63,405
Deckers Outdoor Corp.*		43		39,673
Hermes International SCA		73		159,826
Lululemon Athletica, Inc.*		188		48,628
NIKE, Inc., Class B		5,082		380,439
Sanyo Shokai Ltd.		1,010		17,165

Description	Number of Shares		Value
Swatch Group AG – BR (The)		659	$	135,779
Yue Yuen Industrial Holdings Ltd.		26,055		42,553
TOTAL TEXTILES, APPAREL & LUXURY GOODS			$	887,468
TOBACCO – 1.2%
British American Tobacco PLC		10,809		381,432
Japan Tobacco, Inc.		4,161		123,159
Philip Morris International, Inc.		15,450		1,779,222
TOTAL TOBACCO			$	2,283,813
TRADING COMPANIES & DISTRIBUTORS – 1.9%
AerCap Holdings NV		8,829		829,484
Brenntag SE		9,269		660,265
Bunzl PLC		1,521		63,704
Fastenal Co.		3,303		233,687
ITOCHU Corp.		16,838		874,805
Marubeni Corp.		945		18,045
RS Group PLC		62,832		660,729
Sumitomo Corp.		4,823		121,633
Travis Perkins PLC		7,247		89,251
WW Grainger, Inc.		76		74,238
TOTAL TRADING COMPANIES & DISTRIBUTORS			$	3,625,841
TRANSPORTATION INFRASTRUCTURE – 0.0%**
Kamigumi Co. Ltd.		1,124		25,811
WATER UTILITIES – 0.0%**
Cia de Saneamento Basico do Estado de Sao Paulo SABESP		5,804		90,352
WIRELESS TELECOMMUNICATION SERVICES – 0.9%
Empresa Nacional de Telecomunicaciones SA		12,647		35,564
KDDI Corp.		21,977		663,102
MTN Group Ltd.		13,028		56,590
SoftBank Corp.		10,516		137,939
T-Mobile US, Inc.		4,122		751,358
VEON Ltd., ADR*		1,692		45,058
TOTAL WIRELESS TELECOMMUNICATION SERVICES			$	1,689,611
TOTAL COMMON STOCKS (Cost $ 127,797,976)			$	179,599,288
EXCHANGE-TRADED FUNDS – 0.0%**
EQUITY FUNDS – 0.0%**
iShares Core MSCI EAFE ETF		850		63,563
Next Funds Topix ETF		1,810		35,045
TOTAL EXCHANGE-TRADED FUNDS (Cost $ 77,334)			$	98,608
PREFERRED STOCKS – 0.3%
CONSUMER DISCRETIONARY – 0.2%
Bayerische Motoren Werke AG 6.88%		1,361		116,878
Raizen SA 5.59%		139,800		74,396
Volkswagen AG 9.72%		1,595		178,143
TOTAL CONSUMER DISCRETIONARY			$	369,417
CONSUMER STAPLES – 0.1%
Henkel AG & Co. KGaA 2.35%		1,102		94,338

July 31, 2024 (unaudited)

PORTFOLIO OF INVESTMENTS 9

 

Wilmington Global Alpha Equities Fund (continued)

Description	Number of Shares		Value
MATERIALS – 0.0%**
Fuchs SE 2.85%		1,256	$	54,671
TOTAL PREFERRED STOCKS (Cost $ 520,688)			$	518,426
WARRANTS – 0.0%**
Constellation Software, Inc., Expire 03/31/40*,(1)		905		—
TOTAL WARRANTS (Cost $ —)			$	—
MONEY MARKET FUND – 5.3%
Dreyfus Government Cash Management Fund, Institutional Shares 5.21%^		10,421,854		10,421,854
TOTAL MONEY MARKET FUND (Cost $ 10,421,854)			$	10,421,854
TOTAL INVESTMENTS – 97.9% (COST $ 138,817,852)			$	190,638,176
OTHER ASSETS LESS LIABILITIES – 2.1%				4,031,572
TOTAL NET ASSETS – 100.0%			$	194,669,748

 

Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below.

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The following is a summary of the inputs used as of July 31, 2024 in valuing the Fund’s assets and liabilities carried at fair value:

	Level 1			Level 2			Level 3			Total
Assets
Investments in Securities
Common Stocks
Aerospace & Defense		$	3,055,325		$	—		$	—		$	3,055,325
Air Freight & Logistics			1,002,653			—			—			1,002,653
Automobile Components			1,389,253			—			—			1,389,253
Automobiles			1,848,633			—			—			1,848,633
Banks			11,206,130			505,190			—(a)			11,711,320
Beverages			2,550,305			246,194			—			2,796,499
Biotechnology			801,655			—			—			801,655
Broadline Retail			3,609,613			—			—			3,609,613
Building Products			1,026,573			—			—			1,026,573
Capital Markets			7,671,337			—			—			7,671,337
Chemicals			3,840,016			—			—			3,840,016
Commercial Services & Supplies			3,039,468			—			—			3,039,468
Communications Equipment			1,979,821			—			—			1,979,821
Construction & Engineering			281,784			—			—			281,784
Construction Materials			914,113			—			—			914,113
Consumer Finance			1,443,713			—			—			1,443,713
Consumer Staples Distribution & Retail			2,755,812			—			—			2,755,812
Containers & Packaging			459,384			—			—			459,384
Distributors			927,556			—			—			927,556
Diversified REITs			170,232			—			—			170,232
Diversified Telecommunication Services			1,629,207			—			—			1,629,207
Electric Utilities			1,500,713			—			—			1,500,713
Electrical Equipment			464,066			—			—			464,066
Electronic Equipment, Instruments & Components			1,724,106			—			—			1,724,106
Energy Equipment & Services			234,055			—			—			234,055
Entertainment			1,895,490			—			—			1,895,490

 

July 31, 2024 (unaudited)

10 PORTFOLIO OF INVESTMENTS

 

  Wilmington Global Alpha Equities Fund (continued)  

 

	Level 1			Level 2				Level 3			Total
Financial Services		$	2,525,678		$	—			$	—		$	2,525,678
Food Products			2,441,303			—				—			2,441,303
Gas Utilities			1,536,731			—				—			1,536,731
Ground Transportation			3,036,102			—				—			3,036,102
Health Care Equipment & Supplies			3,122,115			—				—			3,122,115
Health Care Providers & Services			4,759,866			—				—			4,759,866
Hotels, Restaurants & Leisure			3,579,905			—				—			3,579,905
Household Durables			2,085,737			139,241				—			2,224,978
Household Products			1,722,229			—				—			1,722,229
Industrial Conglomerates			878,243			—				—			878,243
Industrial REITs			151,379			—				—			151,379
Insurance			13,562,859			—				—			13,562,859
Interactive Media & Services			5,684,410			—				—			5,684,410
IT Services			3,005,370			—				—			3,005,370
Leisure Products			582,209			—				—			582,209
Life Sciences Tools & Services			1,556,957			—				—			1,556,957
Machinery			4,777,707			38,905				—			4,816,612
Marine Transportation			7,140			—				—			7,140
Media			1,800,982			—				—			1,800,982
Metals & Mining			1,648,534			—				—			1,648,534
Multi-Utilities			2,502,566			—				—			2,502,566
Office REITs			132,272			—				—			132,272
Oil, Gas & Consumable Fuels			5,908,995			—				—			5,908,995
Paper & Forest Products			184,621			—				—			184,621
Passenger Airlines			155,268			—				—			155,268
Personal Care Products			1,505,954			—				—			1,505,954
Pharmaceuticals			12,311,638			—				—			12,311,638
Professional Services			3,833,722			—				—			3,833,722
Real Estate Management & Development			580,902			—				—			580,902
Residential REITs			41,962			—				—			41,962
Retail REITs			366,415			—				—			366,415
Semiconductors & Semiconductor Equipment			7,994,610			—				—			7,994,610
Software			8,089,307			—				—			8,089,307
Specialized REITs			1,579,461			—				—			1,579,461
Specialty Retail			3,056,089			—				—			3,056,089
Technology Hardware, Storage & Peripherals			5,936,611			—				—			5,936,611
Textiles, Apparel & Luxury Goods			887,468			—				—			887,468
Tobacco			2,283,813			—				—			2,283,813
Trading Companies & Distributors			3,625,841			—				—			3,625,841
Transportation Infrastructure			25,811			—				—			25,811
Water Utilities			90,352			—				—			90,352
Wireless Telecommunication Services			1,689,611			—				—			1,689,611
Exchange-Traded Funds			98,608			—				—			98,608
Preferred Stocks			518,426			—				—			518,426
Warrants			—			—				—(a)			—
Money Market Fund			10,421,854			—				—			10,421,854
Total Investments in Securities		$	189,708,646		$	929,530			$	—		$	190,638,176
Other Financial Instruments!
Forward Foreign Currency Contracts		$	—		$	39,802			$	—		$	39,802
Financial Futures Contracts			124,026			—				—			124,026
Total Assets - Other Financial Instruments		$	124,026		$	39,802			$	—		$	163,828
Liabilities
Other Financial Instruments!
Forward Foreign Currency Contracts		$	—		$	(545,266	)		$	—		$	(545,266	)

July 31, 2024 (unaudited)

PORTFOLIO OF INVESTMENTS 11

 

Wilmington Global Alpha Equities Fund (continued)

	Level 1				Level 2				Level 3			Total
Financial Futures Contracts		$	(2,452,378	)		$	—			$	—		$	(2,452,378	)
Total Liabilities - Other Financial Instruments		$	(2,452,378	)		$	(545,266	)		$	—		$	(2,997,644	)

^(a)  Includes internally fair valued securities currently priced at zero ($0).

! Other financial instruments are derivative instruments, such as forward foreign currency contracts and financial futures contracts, which are valued at the unrealized appreciation (depreciation) on the instrument.

The inputs or techniques used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Additional information on the Fund’s valuation policy is included in the most recent shareholder report.

* Non-income producing security.

** Represents less than 0.05%.

^ 7-Day net yield.

⁽¹⁾  The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security in the Valuation Hierarchy table located at the end of the Portfolio of Investments.

The following acronyms are used throughout this Portfolio of Investments:

ADR American Depositary Receipt

CAD Canadian Dollar

EAFE Europe, Australasia and Far East

ETF Exchange-Traded Fund

EUR Euro

FTSE Financial Times Stock Exchange

GBP British Pound Sterling

GDR Global Depositary Receipt

HSCE Hang Seng China Enterprises

JPY Japanese Yen

MSCI Morgan Stanley Capital International

NVDR Non-Voting Depositary Receipt

OYJ Public Limited Company

PCL Public Company Limited

PLC Public Limited Company

REIT Real Estate Investment Trust

S&P Standards & Poor’s

SCA Limited Partnership With Share Capital

SpA Societa per Azioni

SPI Share Price Index

STOXX Stock Index of the Eurozone

TOPIX Tokyo Stock Price Index

TSX Toronto Stock Exchange

At July 31, 2024, the Global Alpha Equities Fund had the following outstanding forward foreign currency contracts, which contractually obligates the Fund to deliver or receive currencies at specified future dates:

			Contracts to		Contract		Contract		Unrealized		Unrealized
Settlement Date	Counterparty		Deliver/Receive		Amount		at Value		Appreciation		(Depreciation)
CONTRACTS PURCHASED
9/18/2024		CIBC World Markets Corp.		1,325,000 CAD	$	964,880	$	961,076		$    —		$  (3,804)
CONTRACTS SOLD
9/18/2024		JPMorgan Chase		151,900,000 JPY		975,144		1,021,411		—		(46,267)
9/17/2024		JPMorgan Chase		42,695,000 HKD		5,479,366		5,472,415		6,951		—
9/18/2024		Citibank N.A.		8,975,000 CAD		6,542,776		6,509,925		32,851		—
9/18/2024		Morgan Stanley		1,285,800,000 JPY		8,290,615		8,646,019		—		(355,404)
9/18/2024		Standard Chartered PLC		5,445,000 GBP		6,934,173		7,002,892		—		(68,719)

 

July 31, 2024 (unaudited)

12 PORTFOLIO OF INVESTMENTS

 

  Wilmington Global Alpha Equities Fund (concluded)  

 

Contracts to

Contract

Contract

Unrealized

Unrealized

Settlement Date

Counterparty

Deliver/Receive

Amount

at Value

Appreciation

(Depreciation)

CONTRACTS SOLD

9/18/2024

Deutsche Bank AG

7,066,000 EUR

$

7,593,760

$

7,664,832

$    —

$ (71,072)

UNREALIZED APPRECIATION (DEPRECIATION) ON FORWARD FOREIGN CURRENCY CONTRACTS

$39,802

$(545,266)

At July 31, 2024, the Global Alpha Equities Fund had open financial futures contracts as follows:

Underlying Contracts to Buy/Sell	Expiration Date		Number of  Contracts		Notional Amount		Notional Value		Unrealized Appreciation		Unrealized (Depreciation)
LONG POSITIONS:
EXCHANGE-TRADED:
SPI 200 Index		September 2024		18	$	2,271,854	$	2,372,171		$100,317		$        —
SHORT POSITIONS:
EXCHANGE-TRADED:
E-Mini Russell 2000 Index		September 2024		67		6,908,788		7,614,550		—		(705,762	)
E-Mini S&P 500 Index		September 2024		80		22,048,025		22,232,000		—		(183,975	)
E-Mini S&P Mid 400 Index		September 2024		21		6,151,974		6,552,210		—		(400,236	)
Euro STOXX 50 Index		September 2024		106		5,619,881		5,618,912		969		—
FTSE 100 Index		September 2024		41		4,311,146		4,405,034		—		(93,888	)
HSCE Index		August 2024		109		4,287,675		4,264,935		22,740		—
MSCI EAFE Index		September 2024		201		23,319,564		24,016,485		—		(696,921	)
S&P TSX 60 Index		September 2024		22		4,135,702		4,414,819		—		(279,117	)
TOPIX Index		September 2024		50		9,242,991		9,335,470		—		(92,479	)
UNREALIZED APPRECIATION (DEPRECIATION) ON FINANCIAL FUTURES CONTRACTS										$124,026		$(2,452,378	)

For additional information about significant accounting policies, refer to the Fund’s most recent semi-annual or annual report.

July 31, 2024 (unaudited)