1 |
Wilmington Global Alpha Equities Fund
PORTFOLIO OF INVESTMENTS
July 31, 2021 (unaudited)
Description | Number of Shares | Value | ||||||
COMMON STOCKS – 92.7% |
| |||||||
AEROSPACE & DEFENSE – 2.2% |
| |||||||
Babcock International Group PLC* | 18,068 | $ | 64,268 | |||||
BAE Systems PLC | 172,960 | 1,384,787 | ||||||
BWX Technologies, Inc. | 10,034 | 576,252 | ||||||
CAE, Inc.* | 15,809 | 482,405 | ||||||
Dassault Aviation SA | 56 | 66,696 | ||||||
Lockheed Martin Corp. | 2,626 | 976,005 | ||||||
Raytheon Technologies Corp. | 7,427 | 645,778 | ||||||
Safran SA | 2,969 | 388,474 | ||||||
|
| |||||||
TOTAL AEROSPACE & DEFENSE | $ | 4,584,665 | ||||||
AIR FREIGHT & LOGISTICS – 1.1% |
| |||||||
Bpost SA* | 2,895 | 32,504 | ||||||
C.H. Robinson Worldwide, Inc. | 1,969 | 175,576 | ||||||
DSV Panalpina A/S | 1,733 | 422,265 | ||||||
Expeditors International of Washington, Inc. | 7,420 | 951,615 | ||||||
PostNL NV | 13,073 | 70,716 | ||||||
SG Holdings Co. Ltd. | 2,825 | 75,656 | ||||||
United Parcel Service, Inc., Class B | 2,163 | 413,912 | ||||||
ZTO Express Cayman, Inc., ADR | 5,183 | 140,252 | ||||||
ZTO Express Cayman, Inc. | 1,300 | 34,996 | ||||||
|
| |||||||
TOTAL AIR FREIGHT & LOGISTICS | $ | 2,317,492 | ||||||
AIRLINES – 0.2% |
| |||||||
Japan Airlines Co. Ltd.* | 5,110 | 106,341 | ||||||
Wizz Air Holdings PLC* | 4,776 | 328,613 | ||||||
|
| |||||||
TOTAL AIRLINES | $ | 434,954 | ||||||
AUTO COMPONENTS – 0.4% |
| |||||||
Continental AG* | 627 | 85,237 | ||||||
Exedy Corp. | 2,855 | 43,018 | ||||||
Hankook Tire & Technology Co. Ltd. | 1,656 | 69,609 | ||||||
NOK Corp. | 6,805 | 89,323 | ||||||
Sumitomo Electric Industries Ltd. | 5,257 | 74,155 | ||||||
Sumitomo Riko Co. Ltd. | 3,150 | 23,086 | ||||||
Tachi-S Co. Ltd. | 3,410 | 45,226 | ||||||
Tokai Rika Co. Ltd. | 7,967 | 123,312 | ||||||
Toyota Boshoku Corp. | 2,660 | 53,343 | ||||||
TS Tech Co. Ltd. | 7,574 | 111,845 | ||||||
Unipres Corp. | 5,290 | 47,497 | ||||||
|
| |||||||
TOTAL AUTO COMPONENTS | $ | 765,651 | ||||||
AUTOMOBILES – 0.9% | ||||||||
Daimler AG | 2,288 | 204,320 | ||||||
Dongfeng Motor Group Co. Ltd., Class H | 120,346 | 106,545 | ||||||
Honda Motor Co. Ltd. | 14,865 | 473,301 | ||||||
Isuzu Motors Ltd. | 50,523 | 667,776 | ||||||
Mitsubishi Motors Corp.* | 9,760 | 27,224 | ||||||
Nissan Motor Co. Ltd.* | 20,530 | 118,065 | ||||||
Renault SA* | 2,057 | 78,145 |
Description | Number of Shares | Value | ||||||
Suzuki Motor Corp. | 2,773 | $ | 111,977 | |||||
|
| |||||||
TOTAL AUTOMOBILES | $ | 1,787,353 | ||||||
BANKS – 3.5% | ||||||||
ABN AMRO Bank NV* | 9,111 | 106,166 | ||||||
AIB Group PLC* | 40,624 | 99,850 | ||||||
Bank Mandiri Persero Tbk PT | 188,808 | 74,413 | ||||||
Bank of Ireland Group PLC* | 23,865 | 126,715 | ||||||
Bank of Nova Scotia (The) | 10,638 | 663,980 | ||||||
Bank of Nova Scotia (The) | 9,779 | 610,601 | ||||||
BPER Banca | 30,733 | 60,026 | ||||||
CaixaBank SA | 51,989 | 154,488 | ||||||
Dah Sing Financial Holdings Ltd. | 12,454 | 39,264 | ||||||
DGB Financial Group, Inc. | 8,981 | 73,784 | ||||||
DNB Bank ASA | 22,324 | 457,484 | ||||||
Erste Group Bank AG | 2,251 | 87,344 | ||||||
First Citizens BancShares, Inc., Class A | 493 | 385,817 | ||||||
First Republic Bank | 3,100 | 604,562 | ||||||
Kasikornbank PCL | 5,547 | 17,299 | ||||||
KB Financial Group, Inc., ADR | 3,613 | 160,020 | ||||||
KBC Group NV | 6,571 | 529,270 | ||||||
OTP Bank Nyrt* | 8,004 | 431,688 | ||||||
PNC Financial Services Group, Inc. (The) | 4,600 | 839,086 | ||||||
Popular, Inc. | 5,176 | 376,606 | ||||||
Resona Holdings, Inc. | 73,890 | 276,890 | ||||||
San-In Godo Bank Ltd. (The) | 8,300 | 41,233 | ||||||
Sberbank of Russia PJSC, ADR | 3,664 | 60,932 | ||||||
Shinhan Financial Group Co. Ltd., ADR | 4,215 | 142,088 | ||||||
Standard Chartered PLC | 72,577 | 435,810 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 3,950 | 129,476 | ||||||
Tochigi Bank Ltd. (The) | 10,380 | 15,896 | ||||||
Unicaja Banco SA | 67,769 | 62,343 | ||||||
UniCredit SpA | 14,729 | 176,610 | ||||||
|
| |||||||
TOTAL BANKS | $ | 7,239,741 | ||||||
BEVERAGES – 2.0% | ||||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS | 22,808 | 60,146 | ||||||
Asahi Group Holdings Ltd. | 1,858 | 83,174 | ||||||
Boston Beer Co., Inc. (The), Class A* | 235 | 166,850 | ||||||
Coca-Cola Co. (The) | 9,996 | 570,072 | ||||||
Coca-Cola Icecek AS | 7,068 | 71,175 | ||||||
Constellation Brands, Inc., Class A | 3,591 | 805,605 | ||||||
Diageo PLC | 18,589 | 922,571 | ||||||
Embotelladora Andina SA, Class B, ADR | 3,730 | 53,041 | ||||||
Heineken NV | 6,727 | 783,627 | ||||||
PepsiCo., Inc. | 3,620 | 568,159 | ||||||
|
| |||||||
TOTAL BEVERAGES | $ | 4,084,420 | ||||||
BIOTECHNOLOGY – 0.1% | ||||||||
Zai Lab Ltd., ADR* | 2,025 | 292,835 | ||||||
BUILDING PRODUCTS – 1.1% | ||||||||
Assa Abloy AB, Class B | 14,372 | 460,958 |
July 31, 2021 (unaudited)
2 | PORTFOLIO OF INVESTMENTS |
Wilmington Global Alpha Equities Fund (continued) |
Description | Number of Shares | Value | ||||||
Cie de Saint-Gobain | 4,153 | $ | 296,821 | |||||
Geberit AG | 90 | 73,900 | ||||||
Johnson Controls International PLC | 9,253 | 660,849 | ||||||
Lennox International, Inc. | 2,561 | 843,670 | ||||||
|
| |||||||
TOTAL BUILDING PRODUCTS |
| $ | 2,336,198 | |||||
CAPITAL MARKETS – 2.5% |
| |||||||
Ares Management Corp., Class A | 9,486 | 679,292 | ||||||
Charles Schwab Corp. (The) | 27,679 | 1,880,788 | ||||||
CSC Financial Co. Ltd., Class H | 63,500 | 62,592 | ||||||
GAM Holding AG* | 4,189 | 9,073 | ||||||
G-Resources Group Ltd.* | 18,893 | 6,564 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 3,700 | 236,155 | ||||||
Ichiyoshi Securities Co. Ltd. | 4,530 | 24,817 | ||||||
Intercontinental Exchange, Inc. | 1,654 | 198,199 | ||||||
Intermediate Capital Group PLC | 17,051 | 514,309 | ||||||
Julius Baer Group Ltd. | 789 | 52,208 | ||||||
MarketAxess Holdings, Inc. | 341 | 162,033 | ||||||
Moody’s Corp. | 990 | 372,240 | ||||||
Nomura Holdings, Inc. | 10,612 | 53,019 | ||||||
Partners Group Holding AG | 98 | 167,526 | ||||||
UBS Group AG | 51,049 | 841,941 | ||||||
|
| |||||||
TOTAL CAPITAL MARKETS |
| $ | 5,260,756 | |||||
CHEMICALS – 1.3% |
| |||||||
ADEKA Corp. | 7,871 | 157,987 | ||||||
Air Liquide SA | 453 | 78,768 | ||||||
China BlueChemical Ltd., Class H | 183,603 | 57,884 | ||||||
Croda International PLC | 1,147 | 134,243 | ||||||
EMS-Chemie Holding AG | 115 | 127,460 | ||||||
Givaudan SA | 27 | 134,784 | ||||||
Koninklijke DSM NV | 582 | 117,333 | ||||||
Linde PLC | 2,675 | 822,268 | ||||||
Lintec Corp. | 3,200 | 69,481 | ||||||
Nissan Chemical Corp. | 146 | 7,107 | ||||||
Sanyo Chemical Industries Ltd. | 1,300 | 70,033 | ||||||
Sherwin-Williams Co. (The) | 2,516 | 732,232 | ||||||
Symrise AG | 806 | 118,845 | ||||||
|
| |||||||
TOTAL CHEMICALS |
| $ | 2,628,425 | |||||
COMMERCIAL SERVICES & SUPPLIES – 2.4% |
| |||||||
Aeon Delight Co. Ltd. | 4,923 | 161,325 | ||||||
Cintas Corp. | 2,691 | 1,060,739 | ||||||
Clean Harbors, Inc.* | 5,254 | 499,130 | ||||||
Copart, Inc.* | 12,576 | 1,848,672 | ||||||
Prosegur Cia de Seguridad SA | 21,262 | 72,640 | ||||||
Rollins, Inc. | 4,624 | 177,238 | ||||||
Secom Co. Ltd. | 2,483 | 186,816 | ||||||
Toppan Forms Co. Ltd. | 4,685 | 44,926 | ||||||
Toppan, Inc. | 3,560 | 60,001 | ||||||
Waste Connections, Inc. | 6,451 | 817,277 | ||||||
|
| |||||||
TOTAL COMMERCIAL SERVICES & SUPPLIES |
| $ | 4,928,764 | |||||
COMMUNICATIONS EQUIPMENT – 1.3% |
| |||||||
Accton Technology Corp. | 50,000 | 582,871 | ||||||
Cisco Systems, Inc. | 9,772 | 541,076 | ||||||
Motorola Solutions, Inc. | 6,169 | 1,381,362 |
Description | Number of Shares | Value | ||||||
Nokia OYJ* | 31,011 | $ | 190,225 | |||||
|
| |||||||
TOTAL COMMUNICATIONS EQUIPMENT |
| $ | 2,695,534 | |||||
CONSTRUCTION & ENGINEERING – 0.8% |
| |||||||
Chiyoda Corp.* | 6,910 | 24,502 | ||||||
Implenia AG* | 1,848 | 49,084 | ||||||
JGC Holdings Corp. | 19,881 | 177,235 | ||||||
Kumagai Gumi Co. Ltd. | 2,676 | 68,495 | ||||||
Kyowa Exeo Corp. | 3,314 | 81,955 | ||||||
Raubex Group Ltd. | 9,441 | 18,365 | ||||||
Taisei Corp. | 2,151 | 72,056 | ||||||
Vinci SA | 11,911 | 1,260,486 | ||||||
|
| |||||||
TOTAL CONSTRUCTION & ENGINEERING |
| $ | 1,752,178 | |||||
CONSTRUCTION MATERIALS – 0.2% |
| |||||||
Holcim Ltd.* | 3,645 | 213,666 | ||||||
Imerys SA | 1,468 | 67,985 | ||||||
Taiheiyo Cement Corp. | 3,770 | 87,287 | ||||||
Vicat SA | 1,291 | 65,086 | ||||||
|
| |||||||
TOTAL CONSTRUCTION MATERIALS |
| $ | 434,024 | |||||
CONSUMER FINANCE – 0.6% |
| |||||||
American Express Co. | 2,318 | 395,289 | ||||||
Credit Acceptance Corp.* | 1,664 | 806,657 | ||||||
Provident Financial PLC* | 13,685 | 53,909 | ||||||
|
| |||||||
TOTAL CONSUMER FINANCE |
| $ | 1,255,855 | |||||
CONTAINERS & PACKAGING – 0.2% |
| |||||||
Ball Corp. | 4,772 | 385,959 | ||||||
Nampak Ltd.* | 56,917 | 10,878 | ||||||
|
| |||||||
TOTAL CONTAINERS & PACKAGING | $ | 396,837 | ||||||
DISTRIBUTORS – 0.1% |
| |||||||
Genuine Parts Co. | 1,719 | 218,175 | ||||||
PALTAC Corp. | 1,250 | 57,769 | ||||||
|
| |||||||
TOTAL DISTRIBUTORS | $ | 275,944 | ||||||
DIVERSIFIED CONSUMER SERVICES – 0.3% |
| |||||||
Benesse Holdings, Inc. | 435 | 9,969 | ||||||
Chegg, Inc.* | 7,991 | 708,242 | ||||||
�� |
|
| ||||||
TOTAL DIVERSIFIED CONSUMER SERVICES |
| $ | 718,211 | |||||
DIVERSIFIED FINANCIAL SERVICES – 2.4% |
| |||||||
Bank of America Corp. | 20,267 | 777,442 | ||||||
Berkshire Hathaway, Inc., Class B* | 4,852 | 1,350,263 | ||||||
BNP Paribas SA | 3,682 | 224,722 | ||||||
ING Groep NV | 17,574 | 226,108 | ||||||
Investor AB | 5,552 | 137,568 | ||||||
JPMorgan Chase & Co. | 3,495 | 530,471 | ||||||
Kasikornbank PCL | 28,456 | 89,175 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 115,675 | 609,981 | ||||||
Royal Bank of Canada | 5,101 | 515,906 | ||||||
Societe Generale SA | 5,340 | 156,623 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 11,805 | 397,607 | ||||||
|
| |||||||
TOTAL DIVERSIFIED FINANCIAL SERVICES |
| $ | 5,015,866 | |||||
DIVERSIFIED TELECOMMUNICATION SERVICES – 1.8% |
| |||||||
AT&T, Inc. | 6,304 | 176,827 | ||||||
BT Group PLC* | 52,959 | 127,792 |
July 31, 2021 (unaudited)
PORTFOLIO OF INVESTMENTS | 3 |
Wilmington Global Alpha Equities Fund (continued)
Description | Number of Shares | Value | ||||||
Cellnex Telecom SA | 10,470 | $ | 682,357 | |||||
Hellenic Telecommunications Organization SA | 32,089 | 585,449 | ||||||
Koninklijke KPN NV | 136,570 | 448,433 | ||||||
KT Corp., ADR | 10,266 | 147,728 | ||||||
Magyar Telekom Telecommunications PLC, ADR | 7,725 | 54,016 | ||||||
Nippon Telegraph & Telephone Corp. | 10,925 | 279,088 | ||||||
Orange SA | 10,905 | 121,534 | ||||||
Proximus SADP | 4,907 | 100,848 | ||||||
Swisscom AG | 193 | 116,118 | ||||||
Telenor ASA | 4,920 | 85,427 | ||||||
Telia Co. AB | 23,584 | 103,531 | ||||||
Turk Telekomunikasyon AS | 65,092 | 50,368 | ||||||
Verizon Communications, Inc. | 13,758 | 767,421 | ||||||
|
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TOTAL DIVERSIFIED TELECOMMUNICATION SERVICES |
| $ | 3,846,937 | |||||
ELECTRIC UTILITIES – 1.0% |
| |||||||
American Electric Power Co., Inc. | 134 | 11,808 | ||||||
Chugoku Electric Power Co., Inc. (The) | 5,624 | 50,855 | ||||||
Duke Energy Corp. | 5,248 | 551,617 | ||||||
Edison International | 6,115 | 333,267 | ||||||
Exelon Corp. | 7,927 | 370,984 | ||||||
Iberdrola SA | 7,733 | 93,200 | ||||||
Pinnacle West Capital Corp. | 7,482 | 625,121 | ||||||
Red Electrica Corp. SA | 5,109 | 101,363 | ||||||
|
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TOTAL ELECTRIC UTILITIES |
| $ | 2,138,215 | |||||
ELECTRICAL EQUIPMENT – 0.5% |
| |||||||
Cosel Co. Ltd. | 4,690 | 43,392 | ||||||
Mitsubishi Electric Corp. | 11,570 | 155,666 | ||||||
Nippon Carbon Co. Ltd. | 1,800 | 67,272 | ||||||
Nissin Electric Co. Ltd. | 3,700 | 42,934 | ||||||
Schneider Electric SE | 3,261 | 546,600 | ||||||
Ushio, Inc. | 9,710 | 173,214 | ||||||
Zumtobel Group AG | 2,714 | 28,782 | ||||||
|
| |||||||
TOTAL ELECTRICAL EQUIPMENT |
| $ | 1,057,860 | |||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & |
| |||||||
Ai Holdings Corp. | 3,300 | 61,214 | ||||||
Alps Alpine Co. Ltd. | 6,170 | 63,722 | ||||||
Amphenol Corp., Class A | 2,247 | 162,885 | ||||||
Canon Marketing Japan, Inc. | 3,731 | 83,085 | ||||||
Citizen Watch Co. Ltd. | 17,670 | 68,615 | ||||||
Enplas Corp. | 400 | 12,069 | ||||||
Foxconn Technology Co. Ltd. | 28,381 | 62,516 | ||||||
Halma PLC | 2,815 | 113,042 | ||||||
Hon Hai Precision Industry Co. Ltd. | 25,483 | 100,237 | ||||||
II-VI, Inc.* | 3,125 | 218,156 | ||||||
Keyence Corp. | 147 | 81,389 | ||||||
Kyocera Corp. | 2,140 | 131,418 | ||||||
Maruwa Co. Ltd. | 513 | 49,988 | ||||||
Nichicon Corp. | 2,495 | 26,405 | ||||||
Nippon Chemi-Con Corp.* | 3,570 | 82,201 | ||||||
PAX Global Technology Ltd. | 67,759 | 73,242 | ||||||
Sunny Optical Technology Group Co. Ltd. | 18,300 | 553,864 | ||||||
|
| |||||||
TOTAL ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS |
| $ | 1,944,048 |
Description | Number of Shares | Value | ||||||
ENERGY EQUIPMENT & SERVICES – 0.1% |
| |||||||
Drilling Co. of 1972 A/S (The)* | 237 | $ | 9,138 | |||||
Fugro NV* | 4,102 | 38,777 | ||||||
Saipem SpA* | 17,799 | 40,877 | ||||||
Trican Well Service Ltd.* | 17,388 | 36,516 | ||||||
|
| |||||||
TOTAL ENERGY EQUIPMENT & SERVICES |
| $ | 125,308 | |||||
ENTERTAINMENT – 0.4% |
| |||||||
Bilibili, Inc., ADR* | 675 | 57,767 | ||||||
Bilibili, Inc., Class Z* | 2,265 | 193,968 | ||||||
DeNA Co. Ltd. | 4,925 | 92,570 | ||||||
NetEase, Inc., ADR | 2,672 | 273,105 | ||||||
Nexon Co. Ltd. | 2,540 | 52,048 | ||||||
Nintendo Co. Ltd. | 138 | 70,947 | ||||||
Square Enix Holdings Co. Ltd. | 1,306 | 67,499 | ||||||
Tencent Music Entertainment Group, ADR* | 9,820 | 103,797 | ||||||
|
| |||||||
TOTAL ENTERTAINMENT |
| $ | 911,701 | |||||
FOOD & STAPLES RETAILING – 0.9% |
| |||||||
Cosmos Pharmaceutical Corp. | 415 | 70,324 | ||||||
Costco Wholesale Corp. | 480 | 206,266 | ||||||
J Sainsbury PLC | 68,606 | 270,161 | ||||||
Jeronimo Martins SGPS SA | 5,955 | 121,326 | ||||||
Kato Sangyo Co. Ltd. | 1,300 | 39,401 | ||||||
Koninklijke Ahold Delhaize NV | 3,654 | 113,544 | ||||||
METRO AG | 2,207 | 28,615 | ||||||
Performance Food Group Co.* | 11,072 | 507,319 | ||||||
Sundrug Co. Ltd. | 3,173 | 102,677 | ||||||
Tesco PLC | 26,505 | 85,842 | ||||||
Walmart, Inc. | 1,219 | 173,768 | ||||||
Wm Morrison Supermarkets PLC | 43,671 | 162,440 | ||||||
|
| |||||||
TOTAL FOOD & STAPLES RETAILING |
| $ | 1,881,683 | |||||
FOOD PRODUCTS – 1.8% |
| |||||||
Astral Foods Ltd. | 3,598 | 37,696 | ||||||
Barry Callebaut AG | 46 | 116,593 | ||||||
Calbee, Inc. | 2,511 | 57,588 | ||||||
China Feihe Ltd. | 42,000 | 80,637 | ||||||
China Mengniu Dairy Co. Ltd.* | 20,011 | 108,538 | ||||||
Chocoladefabriken Lindt & Spruengli AG | 11 | 123,254 | ||||||
General Mills, Inc. | 2,369 | 139,439 | ||||||
Hormel Foods Corp. | 3,725 | 172,765 | ||||||
Kellogg Co. | 9,207 | 583,356 | ||||||
MEIJI Holdings Co. Ltd. | 710 | 43,880 | ||||||
Nestle SA | 8,614 | 1,091,668 | ||||||
Nissin Foods Holdings Co. Ltd. | 854 | 60,719 | ||||||
Nomad Foods Ltd.* | 18,318 | 478,466 | ||||||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 235,727 | 18,337 | ||||||
Toyo Suisan Kaisha Ltd. | 1,998 | 76,219 | ||||||
Ulker Biskuvi Sanayi AS | 23,778 | 56,270 | ||||||
Viscofan SA | 5,166 | 358,804 | ||||||
Yamazaki Baking Co. Ltd. | 2,263 | 31,025 | ||||||
Yihai International Holding Ltd.* | 13,000 | 78,206 | ||||||
|
| |||||||
TOTAL FOOD PRODUCTS |
| $ | 3,713,460 | |||||
GAS UTILITIES – 0.8% |
| |||||||
Atmos Energy Corp. | 1,789 | 176,378 |
July 31, 2021 (unaudited)
4 | PORTFOLIO OF INVESTMENTS |
Wilmington Global Alpha Equities Fund (continued) |
Description | Number of Shares | Value | ||||||
China Gas Holdings Ltd. | 26,059 | $ | 80,479 | |||||
ENN Energy Holdings Ltd. | 14,600 | 305,296 | ||||||
Osaka Gas Co. Ltd. | 1,635 | 30,567 | ||||||
Rubis SCA | 6,664 | 267,353 | ||||||
Toho Gas Co. Ltd. | 1,307 | 63,500 | ||||||
Tokyo Gas Co. Ltd. | 2,434 | 46,104 | ||||||
UGI Corp. | 13,418 | 617,094 | ||||||
|
| |||||||
TOTAL GAS UTILITIES |
| $ | 1,586,771 | |||||
HEALTH CARE EQUIPMENT & SUPPLIES – 3.8% |
| |||||||
Abbott Laboratories | 980 | 118,560 | ||||||
Align Technology, Inc.* | 893 | 621,349 | ||||||
Asahi Intecc Co. Ltd. | 2,260 | 60,937 | ||||||
Baxter International, Inc. | 8,525 | 659,409 | ||||||
Becton Dickinson & Co. | 1,790 | 457,792 | ||||||
Boston Scientific Corp.* | 15,310 | 698,136 | ||||||
Coloplast A/S, Class B | 708 | 129,497 | ||||||
Danaher Corp. | 4,395 | 1,307,469 | ||||||
DexCom, Inc.* | 700 | 360,857 | ||||||
DiaSorin SpA | 496 | 100,701 | ||||||
Hologic, Inc.* | 3,736 | 280,349 | ||||||
Hoya Corp. | 594 | 83,411 | ||||||
Koninklijke Philips NV | 13,096 | 604,161 | ||||||
Medtronic PLC | 9,127 | 1,198,466 | ||||||
Paramount Bed Holdings Co. Ltd. | 1,920 | 34,163 | ||||||
Shandong Weigao Group Medical Polymer Co. Ltd., Class H | 25,000 | 44,781 | ||||||
Siemens Healthineers AG | 2,134 | 140,952 | ||||||
Smith & Nephew PLC | 25,906 | 526,457 | ||||||
STERIS PLC | 86 | 18,744 | ||||||
Sysmex Corp. | 744 | 88,096 | ||||||
Teleflex, Inc. | 1,207 | 479,698 | ||||||
|
| |||||||
TOTAL HEALTH CARE EQUIPMENT & SUPPLIES |
| $ | 8,013,985 | |||||
HEALTH CARE PROVIDERS & SERVICES – 2.2% |
| |||||||
Alfresa Holdings Corp. | 3,860 | 58,478 | ||||||
BML, Inc. | 1,600 | 55,057 | ||||||
Centene Corp.* | 7,139 | 489,807 | ||||||
Chemed Corp. | 614 | 292,276 | ||||||
Fresenius SE & Co. KGaA | 3,745 | 196,892 | ||||||
HCA Healthcare, Inc. | 3,619 | 898,236 | ||||||
Humana, Inc. | 1,401 | 596,630 | ||||||
Laboratory Corp. of America Holdings* | 1,255 | 371,668 | ||||||
Medipal Holdings Corp. | 2,539 | 47,607 | ||||||
Suzuken Co. Ltd. | 2,059 | 59,121 | ||||||
UnitedHealth Group, Inc. | 3,806 | 1,568,909 | ||||||
|
| |||||||
TOTAL HEALTH CARE PROVIDERS & SERVICES |
| $ | 4,634,681 | |||||
HEALTH CARE TECHNOLOGY – 0.2% |
| |||||||
AGFA-Gevaert NV* | 8,004 | 39,451 | ||||||
Cerner Corp. | 2,422 | 194,704 | ||||||
M3, Inc. | 947 | 61,548 | ||||||
Multiplan Corp.* | 24,595 | 197,990 | ||||||
|
| |||||||
TOTAL HEALTH CARE TECHNOLOGY |
| $ | 493,693 | |||||
HOTELS, RESTAURANTS & LEISURE – 2.4% |
| |||||||
Airbnb, Inc., Class A* | 2,473 | 356,137 | ||||||
Booking Holdings, Inc.* | 240 | 522,782 |
Description | Number of Shares | Value | ||||||
Choice Hotels International, Inc. | 6,015 | $ | 721,199 | |||||
Compass Group PLC* | 54,330 | 1,148,639 | ||||||
Evolution AB | 593 | 103,302 | ||||||
Galaxy Entertainment Group Ltd.* | 5,124 | 34,748 | ||||||
Huazhu Group Ltd., ADR* | 5,343 | 240,328 | ||||||
Kanzhun Ltd.* | 1,400 | 48,230 | ||||||
La Francaise des Jeux SAEM | 779 | 41,676 | ||||||
McDonald’s Corp. | 3,967 | 962,831 | ||||||
McDonald’s Holdings Co. Japan Ltd. | 1,525 | 68,671 | ||||||
Planet Fitness, Inc., Class A* | 5,159 | 388,112 | ||||||
Sands China Ltd.* | 100,800 | 344,381 | ||||||
|
| |||||||
TOTAL HOTELS, RESTAURANTS & LEISURE |
| $ | 4,981,036 | |||||
HOUSEHOLD DURABLES – 1.1% |
| |||||||
Garmin Ltd. | 1,446 | 227,311 | ||||||
Lennar Corp., Class A | 3,064 | 322,180 | ||||||
Nikon Corp. | 6,655 | 61,451 | ||||||
NVR, Inc.* | 245 | 1,279,537 | ||||||
Persimmon PLC | 2,253 | 90,944 | ||||||
Rinnai Corp. | 669 | 61,713 | ||||||
Sekisui Chemical Co. Ltd. | 3,672 | 62,927 | ||||||
Sekisui House Ltd. | 4,700 | 92,560 | ||||||
Sony Group Corp. | 1,220 | 126,498 | ||||||
Tamron Co. Ltd. | 830 | 19,868 | ||||||
|
| |||||||
TOTAL HOUSEHOLD DURABLES |
| $ | 2,344,989 | |||||
HOUSEHOLD PRODUCTS – 1.2% |
| |||||||
Clorox Co. (The) | 930 | 168,228 | ||||||
Colgate-Palmolive Co. | 10,286 | 817,737 | ||||||
Procter & Gamble Co. (The) | 5,443 | 774,158 | ||||||
Reckitt Benckiser Group PLC | 9,183 | 704,976 | ||||||
Unicharm Corp. | 1,478 | 59,036 | ||||||
|
| |||||||
TOTAL HOUSEHOLD PRODUCTS |
| $ | 2,524,135 | |||||
INSURANCE – 6.9% |
| |||||||
Admiral Group PLC | 2,598 | 122,781 | ||||||
Ageas SA | 2,179 | 115,180 | ||||||
AIA Group Ltd. | 169,136 | 2,026,285 | ||||||
Arthur J. Gallagher & Co. | 5,622 | 783,201 | ||||||
Assicurazioni Generali SpA | 7,446 | 148,833 | ||||||
AXA SA | 51,405 | 1,334,224 | ||||||
Brown & Brown, Inc. | 3,865 | 210,256 | ||||||
China Reinsurance Group Corp., Class H | 730,134 | 70,466 | ||||||
Chubb Ltd. | 4,046 | 682,722 | ||||||
Dai-ichi Life Holdings, Inc. | 11,975 | 219,623 | ||||||
Enstar Group Ltd.* | 1,870 | 480,627 | ||||||
Gjensidige Forsikring ASA | 579 | 13,258 | ||||||
Globe Life, Inc. | 6,600 | 614,526 | ||||||
Intact Financial Corp. | 15,129 | 2,061,502 | ||||||
Markel Corp.* | 908 | 1,095,202 | ||||||
Marsh & McLennan Cos., Inc. | 7,415 | 1,091,636 | ||||||
MS&AD Insurance Group Holdings, Inc. | 8,603 | 265,058 | ||||||
Old Mutual Ltd. | 98,324 | 86,706 | ||||||
Phoenix Group Holdings PLC | 341 | 3,220 | ||||||
Progressive Corp. (The) | 11,393 | 1,084,158 | ||||||
Sampo OYJ, Class A | 2,223 | 107,116 | ||||||
SCOR SE | 3,006 | 84,119 | ||||||
Shin Kong Financial Holding Co. Ltd. | 127,284 | 41,738 |
July 31, 2021 (unaudited)
PORTFOLIO OF INVESTMENTS | 5 |
Wilmington Global Alpha Equities Fund (continued)
Description | Number of Shares | Value | ||||||
Swiss Life Holding AG | 30 | $ | 15,499 | |||||
T&D Holdings, Inc. | 21,368 | 272,298 | ||||||
Tokio Marine Holdings, Inc. | 16,273 | 772,821 | ||||||
Tongyang Life Insurance Co. Ltd. | 7,875 | 36,765 | ||||||
White Mountains Insurance Group Ltd. | 289 | 327,024 | ||||||
Willis Towers Watson PLC | 809 | 166,719 | ||||||
Zurich Insurance Group AG | 265 | 107,012 | ||||||
|
| |||||||
TOTAL INSURANCE |
| $ | 14,440,575 | |||||
INTERACTIVE MEDIA & SERVICES – 3.7% |
| |||||||
Alphabet, Inc., Class A* | 905 | 2,438,550 | ||||||
Alphabet, Inc., Class C* | 363 | 981,704 | ||||||
Facebook, Inc., Class A* | 5,597 | 1,994,211 | ||||||
Gree, Inc. | 18,690 | 102,731 | ||||||
Match Group, Inc.* | 3,302 | 525,910 | ||||||
Tencent Holdings Ltd. | 26,500 | 1,633,413 | ||||||
|
| |||||||
TOTAL INTERACTIVE MEDIA & SERVICES |
| $ | 7,676,519 | |||||
INTERNET & DIRECT MARKETING RETAIL – 2.3% |
| |||||||
Alibaba Group Holding Ltd.* | 9,300 | 226,183 | ||||||
Alibaba Group Holding Ltd., ADR* | 4,723 | 921,882 | ||||||
Amazon.com, Inc.* | 855 | 2,845,089 | ||||||
ASKUL Corp. | 2,600 | 39,081 | ||||||
JD.com, Inc., ADR* | 1,342 | 95,121 | ||||||
Meituan, Class B* | 21,739 | 601,441 | ||||||
Trip.com Group Ltd., ADR* | 6,359 | 164,889 | ||||||
|
| |||||||
TOTAL INTERNET & DIRECT MARKETING RETAIL |
| $ | 4,893,686 | |||||
IT SERVICES – 4.4% |
| |||||||
Accenture PLC, Class A | 3,066 | 974,007 | ||||||
Automatic Data Processing, Inc. | 3,358 | 703,938 | ||||||
Capgemini SE | 3,017 | 652,257 | ||||||
Cognizant Technology Solutions Corp., Class A | 1,125 | 82,721 | ||||||
DTS Corp. | 2,978 | 71,501 | ||||||
Edenred | 10,887 | 632,562 | ||||||
EPAM Systems, Inc.* | 292 | 163,462 | ||||||
Fidelity National Information Services, Inc. | 9,249 | 1,378,563 | ||||||
FleetCor Technologies, Inc.* | 2,124 | 548,459 | ||||||
Fujitsu Ltd. | 220 | 37,230 | ||||||
Future Corp. | 3,300 | 55,168 | ||||||
Global Payments, Inc. | 3,287 | 635,739 | ||||||
GoDaddy, Inc., Class A* | 7,799 | 653,946 | ||||||
Itochu Techno-Solutions Corp. | 2,005 | 61,317 | ||||||
Jack Henry & Associates, Inc. | 1,118 | 194,633 | ||||||
Mastercard, Inc., Class A | 1,375 | 530,668 | ||||||
Nihon Unisys Ltd. | 3,593 | 107,752 | ||||||
Nomura Research Institute Ltd. | 2,266 | 72,707 | ||||||
NS Solutions Corp. | 4,374 | 138,550 | ||||||
Obic Co. Ltd. | 374 | 65,524 | ||||||
Otsuka Corp. | 308 | 15,975 | ||||||
Paychex, Inc. | 1,984 | 225,819 | ||||||
Sopra Steria Group SACA | 151 | 30,021 | ||||||
Transcosmos, Inc. | 2,400 | 67,818 | ||||||
Visa, Inc., Class A | 1,846 | 454,836 | ||||||
Worldline SA* | 6,774 | 634,094 | ||||||
|
| |||||||
TOTAL IT SERVICES |
| $ | 9,189,267 |
Description | Number of Shares | Value | ||||||
LEISURE PRODUCTS – 0.1% |
| |||||||
Bandai Namco Holdings, Inc. | 863 | $ | 55,546 | |||||
Sega Sammy Holdings, Inc. | 5,240 | 65,867 | ||||||
Shimano, Inc. | 314 | 79,999 | ||||||
|
| |||||||
TOTAL LEISURE PRODUCTS |
| $ | 201,412 | |||||
LIFE SCIENCES TOOLS & SERVICES – 0.5% |
| |||||||
Agilent Technologies, Inc. | 1,326 | 203,183 | ||||||
CMIC Holdings Co. Ltd. | 1,510 | 19,614 | ||||||
Pharmaron Beijing Co. Ltd., Class H | 9,300 | 203,564 | ||||||
Sartorius Stedim Biotech | 270 | 154,154 | ||||||
Thermo Fisher Scientific, Inc. | 376 | 203,044 | ||||||
WuXi AppTec Co. Ltd., Class H | 4,680 | 103,463 | ||||||
Wuxi Biologics Cayman, Inc.* | 16,500 | 251,604 | ||||||
|
| |||||||
TOTAL LIFE SCIENCES TOOLS & SERVICES |
| $ | 1,138,626 | |||||
MACHINERY – 2.9% |
| |||||||
Alfa Laval AB | 13,989 | 584,040 | ||||||
Amada Co. Ltd. | 7,300 | 74,394 | ||||||
Fortive Corp. | 19,813 | 1,439,612 | ||||||
Hino Motors Ltd. | 12,500 | 108,587 | ||||||
Hisaka Works Ltd. | 3,130 | 23,110 | ||||||
IDEX Corp. | 4,078 | 924,442 | ||||||
Japan Steel Works Ltd. (The) | 2,085 | 50,859 | ||||||
Kone OYJ, Class B | 1,140 | 94,419 | ||||||
Middleby Corp. (The)* | 1,885 | 360,959 | ||||||
MISUMI Group, Inc. | 2,310 | 80,015 | ||||||
Mitsubishi Heavy Industries Ltd. | 1,762 | 50,497 | ||||||
Obara Group, Inc. | 1,600 | 56,953 | ||||||
OKUMA Corp. | 2,800 | 139,100 | ||||||
Otis Worldwide Corp. | 2,709 | 242,591 | ||||||
PACCAR, Inc. | 7,234 | 600,350 | ||||||
Sandvik AB | 20,131 | 524,532 | ||||||
Schindler Holding AG | 370 | 115,266 | ||||||
Schindler Holding AG | 368 | 119,112 | ||||||
Shibaura Machine Co. Ltd. | 558 | 13,194 | ||||||
SMC Corp. | 94 | 55,523 | ||||||
Spirax-Sarco Engineering PLC | 644 | 134,363 | ||||||
Star Micronics Co. Ltd. | 5,100 | 76,334 | ||||||
Sumitomo Heavy Industries Ltd. | 3,030 | 83,135 | ||||||
THK Co. Ltd. | 2,190 | 62,084 | ||||||
Weichai Power Co. Ltd., Class H | 68,000 | 148,755 | ||||||
|
| |||||||
TOTAL MACHINERY |
| $ | 6,162,226 | |||||
MARINE – 0.2% |
| |||||||
AP Moller - Maersk A/S, Class B | 8 | 22,217 | ||||||
D/S Norden A/S | 3,008 | 85,909 | ||||||
Kuehne + Nagel International AG | 482 | 162,609 | ||||||
Pacific Basin Shipping Ltd.* | 252,905 | 112,602 | ||||||
|
| |||||||
TOTAL MARINE |
| $ | 383,337 | |||||
MEDIA – 1.0% |
| |||||||
Cable One, Inc. | 376 | 709,884 | ||||||
China Literature Ltd.* | 9,000 | 83,385 | ||||||
Comcast Corp., Class A | 9,814 | 577,358 | ||||||
Criteo SA, ADR* | 1,924 | 74,632 | ||||||
Fuji Media Holdings, Inc. | 3,305 | 35,730 | ||||||
Gendai Agency, Inc.* | 670 | 2,095 |
July 31, 2021 (unaudited)
6 | PORTFOLIO OF INVESTMENTS |
Wilmington Global Alpha Equities Fund (continued) |
Description | Number of Shares | Value | ||||||
Metropole Television SA | 3,975 | $ | 79,595 | |||||
Nippon Television Holdings, Inc. | 12,537 | 139,078 | ||||||
RTL Group SA | 1,950 | 110,339 | ||||||
Television Francaise 1 | 10,524 | 100,559 | ||||||
TV Asahi Holdings Corp. | 4,135 | 63,888 | ||||||
WPP PLC | 14,595 | 188,669 | ||||||
|
| |||||||
TOTAL MEDIA |
| $ | 2,165,212 | |||||
METALS & MINING – 1.2% |
| |||||||
Anglo American PLC | 4,649 | 206,174 | ||||||
Asahi Holdings, Inc. | 3,885 | 76,599 | ||||||
Barrick Gold Corp. | 5,033 | 109,568 | ||||||
Centerra Gold, Inc. | 4,564 | 36,692 | ||||||
Chubu Steel Plate Co. Ltd. | 1,442 | 10,318 | ||||||
Eldorado Gold Corp.* | 3,975 | 37,087 | ||||||
Endeavour Mining PLC | 2,505 | 59,653 | ||||||
Gold Fields Ltd. | 5,702 | 55,785 | ||||||
Harmony Gold Mining Co. Ltd., ADR | 10,881 | 44,612 | ||||||
IAMGOLD Corp.* | 6,284 | 17,218 | ||||||
Impala Platinum Holdings Ltd. | 569 | 10,253 | ||||||
Kinross Gold Corp. | 8,963 | 58,797 | ||||||
Kyoei Steel Ltd. | 4,305 | 55,527 | ||||||
Maruichi Steel Tube Ltd. | 2,800 | 67,253 | ||||||
Nakayama Steel Works Ltd. | 5,870 | 21,242 | ||||||
Neturen Co. Ltd. | 4,335 | 22,840 | ||||||
Norsk Hydro ASA | 25,245 | 167,962 | ||||||
OceanaGold Corp.* | 22,611 | 44,040 | ||||||
Pacific Metals Co. Ltd. | 1,767 | 27,188 | ||||||
Resolute Mining Ltd.* | 37,417 | 14,828 | ||||||
Rio Tinto PLC | 10,775 | 913,762 | ||||||
Tokyo Steel Manufacturing Co. Ltd. | 10,650 | 106,204 | ||||||
Western Areas Ltd. | 28,652 | 55,089 | ||||||
Yamato Kogyo Co. Ltd. | 5,708 | 193,033 | ||||||
Yodogawa Steel Works Ltd. | 780 | 16,751 | ||||||
|
| |||||||
TOTAL METALS & MINING |
| $ | 2,428,475 | |||||
MULTILINE RETAIL – 0.8% |
| |||||||
Dollar General Corp. | 927 | 215,657 | ||||||
Dollarama, Inc. | 11,366 | 535,230 | ||||||
Marks & Spencer Group PLC* | 25,932 | 48,842 | ||||||
Marui Group Co. Ltd. | 4,320 | 75,173 | ||||||
Ollie’s Bargain Outlet Holdings, Inc.* | 7,723 | 719,011 | ||||||
Pan Pacific International Holdings Corp. | 3,250 | 67,634 | ||||||
|
| |||||||
TOTAL MULTILINE RETAIL |
| $ | 1,661,547 | |||||
MULTI-UTILITIES – 0.9% |
| |||||||
Centrica PLC* | 68,926 | 43,564 | ||||||
Consolidated Edison, Inc. | 2,228 | 164,360 | ||||||
Dominion Energy, Inc. | 1,663 | 124,509 | ||||||
Engie SA | 14,310 | 191,005 | ||||||
National Grid PLC | 95,174 | 1,222,509 | ||||||
WEC Energy Group, Inc. | 2,159 | 203,248 | ||||||
|
| |||||||
TOTAL MULTI-UTILITIES |
| $ | 1,949,195 | |||||
OIL, GAS & CONSUMABLE FUELS – 1.9% |
| |||||||
ARC Resources Ltd. | 7,555 | 57,165 | ||||||
BP PLC | 69,381 | 278,903 | ||||||
Cameco Corp. | 4,736 | 84,235 |
Description | Number of Shares | Value | ||||||
Enbridge, Inc. | 15,580 | $ | 614,159 | |||||
Eni SpA | 15,902 | 189,090 | ||||||
Gazprom PJSC, ADR | 14,111 | 110,066 | ||||||
Inpex Corp. | 14,050 | 99,255 | ||||||
Japan Petroleum Exploration Co. Ltd. | 1,460 | 24,181 | ||||||
LUKOIL PJSC, ADR | 365 | 31,350 | ||||||
Ovintiv, Inc. | 2,828 | 72,695 | ||||||
Royal Dutch Shell PLC, Class B | 20,135 | 397,368 | ||||||
Surgutneftegas PJSC, ADR | 15,388 | 68,015 | ||||||
TC Energy Corp. | 11,870 | 578,658 | ||||||
TotalEnergies SE | 30,283 | 1,318,382 | ||||||
Tourmaline Oil Corp. | 2,346 | 64,047 | ||||||
YPF SA, ADR* | 4,348 | 18,957 | ||||||
|
| |||||||
TOTAL OIL, GAS & CONSUMABLE FUELS |
| $ | 4,006,526 | |||||
PERSONAL PRODUCTS – 0.1% |
| |||||||
Kobayashi Pharmaceutical Co. Ltd. | 698 | 55,481 | ||||||
Unilever PLC | 1,549 | 89,284 | ||||||
|
| |||||||
TOTAL PERSONAL PRODUCTS |
| $ | 144,765 | |||||
PHARMACEUTICALS – 4.6% |
| |||||||
Astellas Pharma, Inc. | 14,588 | 231,243 | ||||||
AstraZeneca PLC | 6,721 | 772,412 | ||||||
AstraZeneca PLC, ADR | 7,822 | 447,731 | ||||||
Bristol-Myers Squibb Co. | 2,865 | 194,448 | ||||||
Daiichi Sankyo Co. Ltd. | 4,600 | 90,549 | ||||||
Eisai Co. Ltd. | 805 | 65,916 | ||||||
Eli Lilly & Co. | 901 | 219,393 | ||||||
Hutchmed China Ltd., ADR* | 1,213 | 51,007 | ||||||
Johnson & Johnson | 6,441 | 1,109,140 | ||||||
Kissei Pharmaceutical Co. Ltd. | 1,970 | 40,314 | ||||||
Merck & Co., Inc. | 13,046 | 1,002,846 | ||||||
Novartis AG | 24,878 | 2,303,656 | ||||||
Novo Nordisk A/S, Class B | 1,456 | 134,664 | ||||||
Ono Pharmaceutical Co. Ltd. | 12,008 | 272,056 | ||||||
Pfizer, Inc. | 35,717 | 1,529,045 | ||||||
Roche Holding AG | 1,993 | 770,820 | ||||||
Roche Holding AG | 201 | 86,316 | ||||||
Sanofi | 962 | 99,145 | ||||||
Takeda Pharmaceutical Co. Ltd. | 5,535 | 185,770 | ||||||
|
| |||||||
TOTAL PHARMACEUTICALS |
| $ | 9,606,471 | |||||
PROFESSIONAL SERVICES – 2.1% |
| |||||||
Adecco Group AG | 3,251 | 194,805 | ||||||
BeNext-Yumeshin Group Co. | 7,300 | 90,431 | ||||||
Booz Allen Hamilton Holding Corp. | 2,093 | 179,600 | ||||||
Bureau Veritas SA | 35,250 | 1,164,138 | ||||||
CoStar Group, Inc.* | 4,080 | 362,508 | ||||||
Experian PLC | 8,009 | 352,678 | ||||||
Hays PLC* | 44,728 | 92,015 | ||||||
IHS Markit Ltd. | 1,496 | 174,793 | ||||||
Leidos Holdings, Inc. | 4,709 | 501,132 | ||||||
Pagegroup PLC* | 10,358 | 88,545 | ||||||
Science Applications International Corp. | 5,258 | 459,023 | ||||||
SGS SA | 34 | 110,087 | ||||||
SThree PLC | 5,920 | 41,226 |
July 31, 2021 (unaudited)
PORTFOLIO OF INVESTMENTS | 7 |
Wilmington Global Alpha Equities Fund (continued)
Description | Number of Shares | Value | ||||||
Wolters Kluwer NV | 4,987 | $ | 568,393 | |||||
|
| |||||||
TOTAL PROFESSIONAL SERVICES |
| $ | 4,379,374 | |||||
REAL ESTATE INVESTMENT TRUSTS – 2.3% |
| |||||||
American Tower Corp. | 4,601 | 1,301,163 | ||||||
Boston Properties, Inc. | 3,393 | 398,270 | ||||||
British Land Co. PLC (The) | 8,566 | 60,796 | ||||||
Daiwa House REIT Investment Corp. | 31 | 92,120 | ||||||
Japan Real Estate Investment Corp. | 14 | 87,672 | ||||||
Land Securities Group PLC | 5,789 | 57,099 | ||||||
Medical Properties Trust, Inc. | 65,277 | 1,372,775 | ||||||
Nippon Building Fund, Inc. | 13 | 83,898 | ||||||
Public Storage | 4,448 | 1,389,911 | ||||||
|
| |||||||
TOTAL REAL ESTATE INVESTMENT TRUSTS |
| $ | 4,843,704 | |||||
REAL ESTATE MANAGEMENT & DEVELOPMENT – 0.4% |
| |||||||
CK Asset Holdings Ltd. | 18,423 | 125,528 | ||||||
Daito Trust Construction Co. Ltd. | 214 | 25,047 | ||||||
Mitsubishi Estate Co. Ltd. | 14,254 | 222,440 | ||||||
Nexity SA | 8,642 | 435,487 | ||||||
Swiss Prime Site AG | 1,063 | 113,300 | ||||||
|
| |||||||
TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT |
| $ | 921,802 | |||||
ROAD & RAIL – 1.3% | ||||||||
AMERCO | 1,097 | 644,992 | ||||||
Canadian National Railway Co. | 18,780 | 2,040,572 | ||||||
Go-Ahead Group PLC (The)* | 2,342 | 33,465 | ||||||
|
| |||||||
TOTAL ROAD & RAIL |
| $ | 2,719,029 | |||||
SEMICONDUCTORS & SEMICONDUCTOR |
| |||||||
Disco Corp. | 71 | 20,160 | ||||||
Flat Glass Group Co. Ltd., Class H | 44,500 | 198,417 | ||||||
Intel Corp. | 3,032 | 162,879 | ||||||
Marvell Technology, Inc. | 11,460 | 693,445 | ||||||
MediaTek, Inc. | 15,600 | 507,634 | ||||||
Mimasu Semiconductor Industry Co. Ltd. | 3,000 | 66,998 | ||||||
Miraial Co. Ltd. | 2,260 | 25,565 | ||||||
Qorvo, Inc.* | 1,768 | 335,195 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 32,000 | 663,687 | ||||||
Texas Instruments, Inc. | 2,715 | 517,533 | ||||||
Tokyo Seimitsu Co. Ltd. | 885 | 37,633 | ||||||
|
| |||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT |
| $ | 3,229,146 | |||||
SOFTWARE – 3.9% |
| |||||||
ANSYS, Inc.* | 446 | 164,333 | ||||||
Black Knight, Inc.* | 12,283 | 1,017,155 | ||||||
Constellation Software, Inc. | 1,095 | 1,753,992 | ||||||
Dassault Systemes SE | 2,755 | 152,033 | ||||||
Kingdee International Software Group Co. Ltd.* | 43,552 | 135,625 | ||||||
Microsoft Corp. | 13,411 | 3,820,928 | ||||||
Oracle Corp. | 2,800 | 243,992 | ||||||
Salesforce.com, Inc.* | 2,280 | 551,600 | ||||||
Topicus.com, Inc.* | 1,305 | 98,325 | ||||||
Tyler Technologies, Inc.* | 398 | 196,071 | ||||||
|
| |||||||
TOTAL SOFTWARE |
| $ | 8,134,054 | |||||
SPECIALTY RETAIL – 1.7% |
| |||||||
CarMax, Inc.* | 4,636 | 620,992 |
Description | Number of Shares | Value | ||||||
CECONOMY AG* | 10,612 | $ | 50,933 | |||||
China Meidong Auto Holdings Ltd. | 51,487 | 277,604 | ||||||
Five Below, Inc.* | 2,857 | 555,458 | ||||||
Hikari Tsushin, Inc. | 497 | 85,759 | ||||||
Home Depot, Inc. (The) | 1,090 | 357,727 | ||||||
Industria de Diseno Textil SA | 8,871 | 300,859 | ||||||
Kingfisher PLC | 19,249 | 98,570 | ||||||
Nitori Holdings Co. Ltd. | 678 | 128,579 | ||||||
Shimamura Co. Ltd. | 1,782 | 171,695 | ||||||
TJX Cos., Inc. (The) | 11,091 | 763,172 | ||||||
USS Co. Ltd. | 3,449 | 59,671 | ||||||
Xebio Holdings Co. Ltd. | 5,385 | 49,135 | ||||||
|
| |||||||
TOTAL SPECIALTY RETAIL |
| $ | 3,520,154 | |||||
TECHNOLOGY HARDWARE, STORAGE & |
| |||||||
Apple, Inc. | 19,961 | 2,911,511 | ||||||
Canon, Inc. | 5,400 | 122,885 | ||||||
Catcher Technology Co. Ltd. | 14,475 | 95,758 | ||||||
Elecom Co. Ltd. | 3,400 | 59,660 | ||||||
Maxell Holdings Ltd.* | 3,510 | 40,890 | ||||||
Quadient SA | 3,084 | 90,509 | ||||||
|
| |||||||
TOTAL TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS |
| $ | 3,321,213 | |||||
TEXTILES, APPAREL & LUXURY GOODS – 0.5% |
| |||||||
Hermes International | 99 | 151,379 | ||||||
Lululemon Athletica, Inc.* | 211 | 84,436 | ||||||
NIKE, Inc., Class B | 5,000 | 837,550 | ||||||
Sanyo Shokai Ltd.* | 2,000 | 15,678 | ||||||
|
| |||||||
TOTAL TEXTILES, APPAREL & LUXURY GOODS |
| $ | 1,089,043 | |||||
TOBACCO – 0.3% |
| |||||||
Philip Morris International, Inc. | 6,590 | 659,593 | ||||||
TRADING COMPANIES & DISTRIBUTORS – 1.8% |
| |||||||
AerCap Holdings NV* | 5,169 | 273,957 | ||||||
Brenntag SE | 18,386 | 1,836,435 | ||||||
Fastenal Co. | 10,331 | 565,829 | ||||||
Ferguson PLC | 804 | 112,762 | ||||||
Inaba Denki Sangyo Co. Ltd. | 2,300 | 55,873 | ||||||
ITOCHU Corp. | 5,933 | 174,791 | ||||||
Mitsubishi Corp. | 8,414 | 234,845 | ||||||
MonotaRO Co. Ltd. | 2,535 | 58,138 | ||||||
Rexel SA* | 4,691 | 98,940 | ||||||
SIG PLC* | 23,083 | 14,618 | ||||||
Sumitomo Corp. | 6,209 | 83,934 | ||||||
Triton International Ltd. | 6,327 | 334,002 | ||||||
|
| |||||||
TOTAL TRADING COMPANIES & DISTRIBUTORS |
| $ | 3,844,124 | |||||
TRANSPORTATION INFRASTRUCTURE – 0.1% |
| |||||||
Kamigumi Co. Ltd. | 8,030 | 168,498 | ||||||
WATER UTILITIES – 0.2% |
| |||||||
Cia de Saneamento Basico do Estado de Sao Paulo | 12,782 | 86,706 | ||||||
Guangdong Investment Ltd. | 98,503 | 137,909 | ||||||
Severn Trent PLC | 2,950 | 114,814 | ||||||
|
| |||||||
TOTAL WATER UTILITIES |
| $ | 339,429 | |||||
WIRELESS TELECOMMUNICATION SERVICES – 0.8% |
| |||||||
America Movil SAB de CV, Class L | 7,879 | 131,185 |
July 31, 2021 (unaudited)
8 | PORTFOLIO OF INVESTMENTS |
Wilmington Global Alpha Equities Fund (continued) |
Description | Number of Shares | Value | ||||||
KDDI Corp. | 39,226 | $ | 1,191,386 | |||||
MTN Group Ltd.* | 8,441 | 60,730 | ||||||
SoftBank Corp. | 6,274 | 81,753 | ||||||
Turkcell Iletisim Hizmetleri AS | 31,771 | 57,992 | ||||||
VEON Ltd., ADR* | 34,624 | 60,592 | ||||||
|
| |||||||
TOTAL WIRELESS TELECOMMUNICATION SERVICES |
| $ | 1,583,638 | |||||
|
| |||||||
TOTAL COMMON STOCKS (Cost $ 143,562,025) | $ | 194,204,845 | ||||||
INVESTMENT COMPANIES – 0.8% |
| |||||||
COMMODITY FUNDS – 0.0% | ||||||||
Sprott Physical Uranium Trust* | 4,693 | 43,447 | ||||||
EQUITY FUNDS – 0.8% | ||||||||
iShares Core MSCI EAFE ETF | 2,694 | 203,532 | ||||||
iShares MSCI ACWI ETF | 14,141 | 1,443,937 | ||||||
NEXT FUNDS TOPIX ETF | 2,790 | 49,897 | ||||||
|
| |||||||
TOTAL EQUITY FUNDS | $ | 1,697,366 | ||||||
|
| |||||||
TOTAL INVESTMENT COMPANIES | ||||||||
(Cost $ 1,714,464) | $ | 1,740,813 | ||||||
PREFERRED STOCK – 0.2% |
| |||||||
CONSUMER DISCRETIONARY – 0.2% |
| |||||||
Volkswagen AG 4.86% | 1,694 | 412,954 | ||||||
|
| |||||||
TOTAL PREFERRED STOCK | ||||||||
(Cost $ 242,662) | $ | 412,954 |
Description | Number of Shares | Value | ||||||
RIGHTS – 0.0%** |
| |||||||
Shin Kong Financial Holding Co. Ltd. Expire 8/24/21* | 7,168 | $ | 249 | |||||
|
| |||||||
TOTAL RIGHTS | ||||||||
(Cost $ 0) | $ | 249 | ||||||
MONEY MARKET FUND – 2.7% |
| |||||||
Dreyfus Government Cash Management Fund, |
| |||||||
Institutional Shares 0.03%^ | 5,564,355 | 5,564,355 | ||||||
|
| |||||||
TOTAL MONEY MARKET FUND |
| |||||||
(Cost $ 5,564,355) | $ | 5,564,355 | ||||||
|
| |||||||
TOTAL INVESTMENTS – 96.4% |
| |||||||
(COST $ 151,083,506) | $ | 201,923,216 | ||||||
OTHER ASSETS LESS LIABILITIES – 3.6% |
| 7,594,133 | ||||||
|
| |||||||
TOTAL NET ASSETS – 100.0% |
| $ | 209,517,349 | |||||
|
|
The Fund follows the authoritative guidance (U.S. generally accepted accounting principles) for fair value measurements. The guidance establishes a framework for measuring fair value and a hierarchy for inputs and techniques used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs and techniques by requiring that the most observable inputs be used when available. The guidance establishes three tiers of inputs that may be used to measure fair value. 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)
July 31, 2021 (unaudited)
PORTFOLIO OF INVESTMENTS | 9 |
Wilmington Global Alpha Equities Fund (continued)
The following is a summary of the inputs used as of July 31, 2021 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 | $ | 4,584,665 | $ | — | $— | $ | 4,584,665 | |||||||||
Air Freight & Logistics | 2,317,492 | — | — | 2,317,492 | ||||||||||||
Airlines | 434,954 | — | — | 434,954 | ||||||||||||
Auto Components | 765,651 | — | — | 765,651 | ||||||||||||
Automobiles | 1,787,353 | — | — | 1,787,353 | ||||||||||||
Banks | 7,239,741 | — | — | 7,239,741 | ||||||||||||
Beverages | 4,084,420 | — | — | 4,084,420 | ||||||||||||
Biotechnology | 292,835 | — | — | 292,835 | ||||||||||||
Building Products | 2,336,198 | — | — | 2,336,198 | ||||||||||||
Capital Markets | 5,260,756 | — | — | 5,260,756 | ||||||||||||
Chemicals | 2,628,425 | — | — | 2,628,425 | ||||||||||||
Commercial Services & Supplies | 4,928,764 | — | — | 4,928,764 | ||||||||||||
Communications Equipment | 2,695,534 | — | — | 2,695,534 | ||||||||||||
Construction & Engineering | 1,752,178 | — | — | 1,752,178 | ||||||||||||
Construction Materials | 434,024 | — | — | 434,024 | ||||||||||||
Consumer Finance | 1,255,855 | — | — | 1,255,855 | ||||||||||||
Containers & Packaging | 396,837 | — | — | 396,837 | ||||||||||||
Distributors | 275,944 | — | — | 275,944 | ||||||||||||
Diversified Consumer Services | 718,211 | — | — | 718,211 | ||||||||||||
Diversified Financial Services | 5,015,866 | — | — | 5,015,866 | ||||||||||||
Diversified Telecommunication Services | 3,846,937 | — | — | 3,846,937 | ||||||||||||
Electric Utilities | 2,138,215 | — | — | 2,138,215 | ||||||||||||
Electrical Equipment | 1,057,860 | — | — | 1,057,860 | ||||||||||||
Electronic Equipment, Instruments & Components | 1,944,048 | — | — | 1,944,048 | ||||||||||||
Energy Equipment & Services | 125,308 | — | — | 125,308 | ||||||||||||
Entertainment | 911,701 | — | — | 911,701 | ||||||||||||
Food & Staples Retailing | 1,881,683 | — | — | 1,881,683 | ||||||||||||
Food Products | 3,713,460 | — | — | 3,713,460 | ||||||||||||
Gas Utilities | 1,586,771 | — | — | 1,586,771 | ||||||||||||
Health Care Equipment & Supplies | 8,013,985 | — | — | 8,013,985 | ||||||||||||
Health Care Providers & Services | 4,634,681 | — | — | 4,634,681 | ||||||||||||
Health Care Technology | 493,693 | — | — | 493,693 | ||||||||||||
Hotels, Restaurants & Leisure | 4,981,036 | — | — | 4,981,036 | ||||||||||||
Household Durables | 2,344,989 | — | — | 2,344,989 | ||||||||||||
Household Products | 2,524,135 | — | — | 2,524,135 | ||||||||||||
Insurance | 14,440,575 | — | — | 14,440,575 | ||||||||||||
Interactive Media & Services | 7,676,519 | — | — | 7,676,519 | ||||||||||||
Internet & Direct Marketing Retail | 4,893,686 | — | — | 4,893,686 | ||||||||||||
IT Services | 9,189,267 | — | — | 9,189,267 | ||||||||||||
Leisure Products | 201,412 | — | — | 201,412 | ||||||||||||
Life Sciences Tools & Services | 1,138,626 | — | — | 1,138,626 | ||||||||||||
Machinery | 6,162,226 | — | — | 6,162,226 | ||||||||||||
Marine | 383,337 | — | — | 383,337 | ||||||||||||
Media | 2,165,212 | — | — | 2,165,212 | ||||||||||||
Metals & Mining | 2,428,475 | — | — | 2,428,475 | ||||||||||||
Multiline Retail | 1,661,547 | — | — | 1,661,547 | ||||||||||||
Multi-Utilities | 1,949,195 | — | — | 1,949,195 | ||||||||||||
Oil, Gas & Consumable Fuels | 4,006,526 | — | — | 4,006,526 | ||||||||||||
Personal Products | 144,765 | — | — | 144,765 | ||||||||||||
Pharmaceuticals | 9,606,471 | — | — | 9,606,471 | ||||||||||||
Professional Services | 4,379,374 | — | — | 4,379,374 | ||||||||||||
Real Estate Investment Trusts | 4,843,704 | — | — | 4,843,704 | ||||||||||||
Real Estate Management & Development | 921,802 | — | — | 921,802 | ||||||||||||
Road & Rail | 2,719,029 | — | — | 2,719,029 |
July 31, 2021 (unaudited)
10 | PORTFOLIO OF INVESTMENTS |
Wilmington Global Alpha Equities Fund (continued) |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Semiconductors & Semiconductor Equipment | $ | 3,229,146 | $ | — | $— | $ | 3,229,146 | |||||||||
Software | 8,134,054 | — | — | 8,134,054 | ||||||||||||
Specialty Retail | 3,520,154 | — | — | 3,520,154 | ||||||||||||
Technology Hardware, Storage & Peripherals | 3,321,213 | — | — | 3,321,213 | ||||||||||||
Textiles, Apparel & Luxury Goods | 1,089,043 | — | — | 1,089,043 | ||||||||||||
Tobacco | 659,593 | — | — | 659,593 | ||||||||||||
Trading Companies & Distributors | 3,844,124 | — | — | 3,844,124 | ||||||||||||
Transportation Infrastructure | 168,498 | — | — | 168,498 | ||||||||||||
Water Utilities | 339,429 | — | — | 339,429 | ||||||||||||
Wireless Telecommunication Services | 1,583,638 | — | — | 1,583,638 | ||||||||||||
Investment Companies | 1,740,813 | — | — | 1,740,813 | ||||||||||||
Preferred Stock | 412,954 | — | — | 412,954 | ||||||||||||
Rights | — | 249 | — | 249 | ||||||||||||
Money Market Fund | 5,564,355 | — | — | 5,564,355 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities | $ | 201,922,967 | $ | 249 | $— | $ | 201,923,216 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments! | ||||||||||||||||
Forward Foreign Currency Contracts | $ | — | $ | 400,955 | $— | $ | 400,955 | |||||||||
Financial Futures Contracts | 1,317,714 | — | — | 1,317,714 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets - Other Financial Instruments | $ | 1,317,714 | $ | 400,955 | $— | $ | 1,718,669 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities | ||||||||||||||||
Other Financial Instruments! | ||||||||||||||||
Financial Futures Contracts | $ | (856,928 | ) | $ | — | $— | $ | (856,928 | ) | |||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities - Other Financial Instruments | $ | (856,928 | ) | $ | — | $— | $ | (856,928 | ) | |||||||
|
|
|
|
|
|
|
|
! | 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. |
The following acronyms are used throughout this Fund:
ADR | American Depositary Receipt | |
CAD | Canadian Dollar | |
ETF | Exchange-Traded Fund | |
EUR | Euro | |
GBP | British Pound Sterling | |
JPY | Japanese Yen | |
MSCI | Morgan Stanley Capital International | |
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 |
July 31, 2021 (unaudited)
PORTFOLIO OF INVESTMENTS | 11 |
Wilmington Global Alpha Equities Fund (concluded)
At July 31, 2021, 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:
Settlement Date | Counterparty | Contracts to Deliver/Receive | Contract Amount | Contract at Value | Unrealized Appreciation | Unrealized (Depreciation) | ||||||||||||||||||
CONTRACTS SOLD | ||||||||||||||||||||||||
9/15/2021 | BNP Paribas | 4,488,000 CAD | $ | 3,718,496 | $ | 3,597,251 | $121,245 | $— | ||||||||||||||||
9/15/2021 | BNP Paribas | 2,266,000 GBP | 3,202,882 | 3,150,107 | 52,775 | — | ||||||||||||||||||
9/15/2021 | Credit Suisse | 327,000,000 JPY | 2,990,357 | 2,981,803 | 8,554 | — | ||||||||||||||||||
9/15/2021 | Citigroup Global Markets Inc | 3,187,000 EUR | 3,881,916 | 3,784,075 | 97,841 | — | ||||||||||||||||||
9/15/2021 | State Street Bank & Trust | 4,487,000 CAD | 3,716,990 | 3,596,450 | 120,540 | — | ||||||||||||||||||
UNREALIZED APPRECIATION (DEPRECIATION) ON FORWARD FOREIGN CURRENCY CONTRACTS |
| $400,955 | $– |
At July 31, 2021, 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) | ||||||||||||||||||
SHORT POSITIONS: | ||||||||||||||||||||||||
EXCHANGE-TRADED: | ||||||||||||||||||||||||
E-Mini Russell 2000 Index | September 2021 | 71 | $ | 8,185,308 | $ | 7,886,680 | $ 298,628 | $ — | ||||||||||||||||
E-Mini S&P 500 Index | September 2021 | 101 | 21,355,666 | 22,166,974 | — | (811,308) | ||||||||||||||||||
E-Mini S&P Mid 400 Index | September 2021 | 65 | 17,715,701 | 17,541,550 | 174,151 | — | ||||||||||||||||||
Euro STOXX 50 Index | September 2021 | 107 | 5,250,497 | 5,188,848 | 61,649 | — | ||||||||||||||||||
FTSE 100 Index | September 2021 | 48 | 4,736,368 | 4,648,049 | 88,319 | — | ||||||||||||||||||
HSCE Index | August 2021 | 83 | 4,950,834 | 4,921,054 | 29,780 | — | ||||||||||||||||||
MSCI EAFE Index | September 2021 | 262 | 30,889,153 | 30,384,140 | 505,013 | — | ||||||||||||||||||
S&P TSX 60 Index | September 2021 | 16 | 3,064,094 | 3,109,714 | — | (45,620) | ||||||||||||||||||
TOPIX Index | September 2021 | 32 | 5,716,894 | 5,556,720 | 160,174 | — | ||||||||||||||||||
UNREALIZED APPRECIATION (DEPRECIATION) ON FINANCIAL FUTURES CONTRACTS |
| $1,317,714 | $(856,928) |
For additional information about significant accounting policies, refer to Fund’s most recent semi-annual or annual report.
July 31, 2021 (unaudited)