Investment objective & strategy
As of Aug. 28, 2025 · prospectusObjective. The Fund seeks to provide long-term capital appreciation, primarily through a diversified portfolio of non-U.S. equity securities.
Strategy. The Fund seeks to achieve its investment goal by investing, under normal circumstances, at least 80% of the value of its net assets in a diversified portfolio of foreign securities including those domiciled in emerging markets. The Fund may invest in common stocks, preferred shares, depositary receipts, equity-linked instruments of all capitalizations, and exchange-traded funds (ETFs). The Fund invests primarily in the equity markets listed in the Morgan Stanley Capital International All Country World Index ex US (MSCI ACWI ex-US Net) Index, the benchmark against which the Fund measures the performance of its portfolio. Subject to the oversight of the Board, Wilmington Funds Management Corporation (WFMC or the Advisor) seeks to achieve the Funds investment goal by retaining Wellington Management … The Fund seeks to achieve its investment goal by investing, under normal circumstances, at least 80% of the value of its net assets in a diversified portfolio of foreign securities including those domiciled in emerging markets. The Fund may invest in common stocks, preferred shares, depositary receipts, equity-linked instruments of all capitalizations, and exchange-traded funds (ETFs). The Fund invests primarily in the equity markets listed in the Morgan Stanley Capital International All Country World Index ex US (MSCI ACWI ex-US Net) Index, the benchmark against which the Fund measures the performance of its portfolio. Subject to the oversight of the Board, Wilmington Funds Management Corporation (WFMC or the Advisor) seeks to achieve the Funds investment goal by retaining Wellington Management Company LLP (Wellington) to manage the Funds assets. The Advisor also engages Wilmington Trust Investment Advisors, Inc. (WTIA) to oversee Wellington, to monitor portfolio risk and, on a discretionary basis, to develop strategic exposure objectives and risk parameters for the Fund based on considerations such as macroeconomic outlook, relative valuation levels and volatility in the markets, market flows and market liquidity, and information relating to business cycles, as well as input from Wellington. Based on the strategic exposure objectives and risk parameters established by WTIA, Wellington constructs an actively managed, diversified portfolio of foreign equity securities. Based on the objectives and parameters developed by WTIA, Wellington will allocate and reallocate the portfolio among a selection of independent equity management teams within Wellington. Each team pursues its own investment strategy or style, such as geography/region, growth/value, market capitalization, event-driven, economic sector, industry, or valuation measure. In combining equity management teams and strategies, Wellington uses a number of proprietary analytical tools, including market environments analysis, extreme events analysis, stress testing, and simulation analysis. Through the strategy selection process, Wellington seeks to construct a portfolio comprised of a diversified group of long-only equity strategies with differing investment approaches that provides an overall exposure, consistent with WTIAs exposure objectives and risk parameters, comparable to the broader equity market and that reduces exposure to the risks typically associated with any single investment approach. The underlying Wellington equity management teams have complete discretion and responsibility for security selection and portfolio construction decisions within their respective portions of the Funds portfolio within the constraints of the Funds investment goal, strategies and restrictions. The Fund may engage in active and frequent trading as part of its principal investment strategy.
Top holdings
As of Jan. 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TSMC | — | $28.35M | 4.96% |
| ISHARES MSCI INDIA ETF MUTUAL FUND | INDA | $16.18M | 2.83% |
| SAMSUNG ELECTRONICS CO LTD | — | $12.37M | 2.17% |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | — | $10.79M | 1.89% |
| Novartis AG (Registered) | NVSEF | $8.01M | 1.40% |
| DREY-GVT CSH-I | MISXX | $7.82M | 1.37% |
| SK HYNIX INC | — | $7.82M | 1.37% |
| TENCENT HOLDINGS LTD | — | $6.71M | 1.18% |
| ANGLO AMER PLC | — | $6.70M | 1.17% |
| RECKITT BENCKISE | — | $6.52M | 1.14% |
Portfolio moves
Oct 31, 2025 → Jan 30, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Xtrackers MSCI All World ex US Hedged Equity ETF · DBAW | 38% | 0.40% |
| iShares MSCI ACWI ex U.S. ETF · ACWX | 38% | 0.32% |
| Fidelity Global ex U.S. Index Fund · FSGGX | 38% | 0.06% |
Advisers
| Firm | Role |
|---|---|
| Wellington Management Company LLP | Sub-adviser |
| Wilmington Funds Management Corporation | Adviser |
| Wilmington Trust Investment Advisors, Inc. | Sub-adviser |
Footnotes
- Expense ratio as of August 28, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 30, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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