1
Wilmington International Fund
PORTFOLIO OF INVESTMENTS¢
January 31, 2026 (unaudited)
Description
 
Number of
Shares
Value
COMMON STOCKS − 94.8%
AUSTRALIA − 2.2%
ANZ Group Holdings Ltd.
31,134
$795,662
Aristocrat Leisure Ltd.
7,096
264,656
BHP Group Ltd.
53,996
1,901,438
Brambles Ltd.
19,032
296,866
Commonwealth Bank of Australia
15,948
1,658,701
Computershare Ltd.
3,596
81,908
CSL Ltd.
4,493
567,609
Fortescue Ltd.
20,724
303,054
Goodman Group
21,685
464,034
Insurance Australia Group Ltd.
38,506
203,784
Lynas Rare Earths Ltd.*
18,300
189,874
Macquarie Group Ltd.
4,683
691,920
National Australia Bank Ltd.
30,801
930,212
Northern Star Resources Ltd.
17,282
348,273
Origin Energy Ltd.
21,472
176,434
Pro Medicus Ltd.
642
82,312
QBE Insurance Group Ltd.
8,727
119,961
Rio Tinto Ltd.
5,361
565,756
Stockland
49,102
184,296
Suncorp Group Ltd.
15,490
183,370
Transurban Group
37,419
363,491
Wesfarmers Ltd.
11,010
639,106
Westpac Banking Corp.
35,799
967,729
WiseTech Global Ltd.
1,689
68,216
Woolworths Group Ltd.
12,274
264,444
TOTAL AUSTRALIA
$12,313,106
AUSTRIA − 1.5%
BAWAG Group AG*
31,066
5,059,629
Erste Group Bank AG
17,475
2,268,182
Wienerberger AG
41,947
1,387,240
TOTAL AUSTRIA
$8,715,051
BELGIUM − 0.8%
KBC Group NV
15,873
2,237,111
UCB SA
8,442
2,555,717
TOTAL BELGIUM
$4,792,828
BRAZIL − 1.6%
Banco BTG Pactual SA
145,529
1,652,523
Cia de Saneamento Basico do Estado de Sao
Paulo SABESP
38,406
1,029,994
Localiza Rent a Car SA
118,967
1,095,009
Localiza Rent a Car SA, Preference Shares*
4,575
40,692
PicS NV*
4,400
79,200
PRIO SA*
347,700
3,360,225
Rede D'Or Sao Luiz SA
163,100
1,310,626
Wheaton Precious Metals Corp.
5,634
742,249
TOTAL BRAZIL
$9,310,518
Description
 
Number of
Shares
Value
CANADA − 6.8%
Agnico Eagle Mines Ltd.
5,178
$984,301
Alimentation Couche-Tard, Inc.
8,612
448,040
AltaGas Ltd.
7,077
213,456
Bank of Montreal#
6,918
941,791
Bank of Nova Scotia (The)
64,403
4,814,912
Barrick Mining Corp.
15,154
692,678
Brookfield Asset Management Ltd., Class A
5,007
248,760
Brookfield Corp.
21,921
999,256
CAE, Inc.*
5,011
160,599
Canadian Imperial Bank of Commerce
9,358
864,841
Canadian National Railway Co.
5,853
563,056
Canadian Pacific Kansas City Ltd.
8,986
667,986
Celestica, Inc.*
1,178
331,024
CGI, Inc.
2,708
232,089
Constellation Software, Inc.
152
280,520
Dollarama, Inc.
3,289
443,235
Enbridge, Inc.
70,577
3,445,271
Fairfax Financial Holdings Ltd.
148
244,244
Fortis, Inc.
8,169
435,552
Franco-Nevada Corp.
2,059
481,978
Gildan Activewear, Inc.
2,811
182,638
iA Financial Corp., Inc.
2,219
272,655
Imperial Oil Ltd.
6,411
647,715
Intact Financial Corp.
890
162,039
Keyera Corp.
12,049
408,019
Kinross Gold Corp.
12,142
382,366
Loblaw Cos. Ltd.
7,815
351,651
Magna International, Inc.
5,532
282,806
Manulife Financial Corp.
19,268
733,985
National Bank of Canada
2,841
338,525
Nutrien Ltd.
60,616
4,173,429
Pan American Silver Corp.
4,919
268,014
Pembina Pipeline Corp.
13,584
564,450
Power Corp. of Canada
4,930
248,627
RB Global, Inc.
1,466
166,405
Restaurant Brands International, Inc.
3,486
233,561
Rogers Communications, Inc., Class B
5,243
197,914
Royal Bank of Canada
38,236
6,366,442
Saputo, Inc.
4,380
132,141
Shopify, Inc., Class A*
11,108
1,457,545
Stantec, Inc.
899
89,091
Sun Life Financial, Inc.
6,809
429,047
TC Energy Corp.
12,467
730,999
Thomson Reuters Corp.
1,801
198,994
Toronto-Dominion Bank (The)
16,348
1,527,886
Tourmaline Oil Corp.
13,165
623,033
WSP Global, Inc.
1,195
231,014
TOTAL CANADA
$38,894,580
CHILE − 0.5%
Lundin Mining Corp.
109,197
2,754,685
 January 31, 2026 (unaudited)

2
PORTFOLIO OF INVESTMENTS
Wilmington International Fund (continued)
Description
 
Number of
Shares
Value
CHINA − 6.7%
Alibaba Group Holding Ltd.
154,360
$3,343,238
Alibaba Group Holding Ltd., ADR
15,093
2,559,169
DiDi Global, Inc., ADR*
431,036
2,030,180
Duality Biotherapeutics, Inc.*
17,381
733,766
Fuyao Glass Industry Group Co. Ltd., Class H
68,672
587,643
Fuyao Glass Industry Group Co. Ltd., Class A
76,770
680,949
Hesai Group, ADR*,#
35,656
851,109
Jiangsu Hengrui Pharmaceuticals Co. Ltd.,
Class H*,#
178,367
1,562,860
KE Holdings, Inc., ADR
56,699
1,061,405
KE Holdings, Inc., Class A
139,688
898,519
Kweichow Moutai Co. Ltd., Class A
4,200
845,364
Kweichow Moutai Co. Ltd., Class A
1,400
282,277
Luxshare Precision Industry Co. Ltd., Class A
224,000
1,663,455
Meituan, Class B*
110,390
1,373,499
NAURA Technology Group Co. Ltd., Class A
23,260
1,588,071
NetEase, Inc.
46,020
1,207,627
OmniVision Integrated Circuits Group, Inc.,
Class A
57,440
1,000,169
PDD Holdings, Inc., ADR*
10,528
1,063,854
PICC Property & Casualty Co. Ltd., Class H
1,981,289
4,106,075
Shenzhen Inovance Technology Co. Ltd.
61,400
658,322
Sichuan Kelun-Biotech Biopharmaceutical Co.
Ltd., Class H*
12,905
686,210
Tencent Holdings Ltd.
86,540
6,713,078
Trip.com Group Ltd., ADR
25,857
1,586,844
Yangzijiang Shipbuilding Holdings Ltd.
43,352
113,824
Zhongsheng Group Holdings Ltd.#
541,941
808,184
TOTAL CHINA
$38,005,691
CZECH REPUBLIC − 0.1%
CSG NV*
11,445
414,519
DENMARK − 1.1%
Novo Nordisk A/S, Class B
34,503
2,023,790
ROCKWOOL A/S, Class B
33,505
1,135,650
Royal Unibrew A/S
35,546
3,334,368
TOTAL DENMARK
$6,493,808
FINLAND − 0.2%
Wartsila OYJ Abp
33,087
1,341,313
FRANCE − 4.8%
Capgemini SE
11,681
1,816,605
Cie de Saint-Gobain SA
18,110
1,786,458
Cie Generale des Etablissements Michelin
SCA
49,137
1,825,966
Dassault Aviation SA
3,821
1,448,445
Elis SA
69,368
2,014,521
Engie SA
149,430
4,445,884
LVMH Moet Hennessy Louis Vuitton SE
2,710
1,756,806
Pernod Ricard SA#
16,482
1,466,833
Publicis Groupe SA
19,738
1,969,980
Rexel SA
48,671
2,050,380
Technip Energies NV
43,709
1,711,818
Thales SA
6,025
1,828,284
TotalEnergies SE
45,744
3,315,715
TOTAL FRANCE
$27,437,695
Description
 
Number of
Shares
Value
GERMANY − 4.9%
Allianz SE
4,146
$1,827,197
Brenntag SE
34,870
2,124,524
Deutsche Telekom AG
95,422
3,186,265
E.ON SE
185,057
3,918,818
Heidelberg Materials AG
7,773
2,131,135
IONOS Group SE*
41,580
1,343,067
Rheinmetall AG
803
1,695,696
SAP SE
11,188
2,261,915
Siemens AG
14,809
4,499,051
Talanx AG
23,034
2,907,807
United Internet AG
56,345
1,836,685
TOTAL GERMANY
$27,732,160
GREECE − 0.7%
Alpha Bank SA
467,770
2,245,608
Hellenic Telecommunications Organization SA
89,690
1,676,573
TOTAL GREECE
$3,922,181
HONG KONG − 2.3%
AIA Group Ltd.
541,261
6,259,896
CK Asset Holdings Ltd.
48,696
285,739
Hong Kong & China Gas Co. Ltd.
250,362
236,194
Hong Kong Exchanges & Clearing Ltd.
59,662
3,300,766
Link REIT
39,653
182,324
Prudential PLC
140,257
2,311,685
Sun Hung Kai Properties Ltd.
23,593
379,621
Techtronic Industries Co. Ltd.
23,457
319,782
TOTAL HONG KONG
$13,276,007
HUNGARY − 0.3%
OTP Bank Nyrt
13,146
1,656,207
INDIA − 1.3%
HDFC Bank Ltd., ADR
67,597
2,188,791
ICICI Bank Ltd., ADR
86,971
2,547,381
Infosys Ltd., ADR#
97,573
1,715,333
MakeMyTrip Ltd.*,#
16,523
1,030,705
TOTAL INDIA
$7,482,210
INDONESIA − 0.8%
Bank Central Asia Tbk PT
10,096,974
4,451,451
Jardine Matheson Holdings Ltd.
2,637
191,895
TOTAL INDONESIA
$4,643,346
IRELAND − 0.6%
AIB Group PLC*
194,472
2,178,389
Kerry Group PLC, Class A
15,409
1,366,227
TOTAL IRELAND
$3,544,616
ISRAEL − 0.3%
Bank Hapoalim BM
21,901
543,136
Bank Leumi Le-Israel BM
22,853
550,967
Check Point Software Technologies Ltd.*
1,038
186,331
Elbit Systems Ltd.
257
182,242
Nice Ltd.*
798
85,241
Nova Ltd.*
331
164,451
TOTAL ISRAEL
$1,712,368
January 31, 2026 (unaudited)

PORTFOLIO OF INVESTMENTS
3
Wilmington International Fund (continued)
Description
 
Number of
Shares
Value
ITALY − 1.1%
FinecoBank Banca Fineco SpA
179,573
$4,757,351
Ryanair Holdings PLC
40,952
1,388,799
TOTAL ITALY
$6,146,150
JAPAN − 13.8%
77 Bank Ltd. (The)
6,466
353,299
ABC-Mart, Inc.
25,413
406,664
ADEKA Corp.
16,854
499,325
Advantest Corp.
8,329
1,372,649
Aica Kogyo Co. Ltd.
18,496
419,494
and ST HD Co. Ltd.
11,428
205,358
ARE Holdings, Inc.
24,814
582,029
As One Corp.
19,943
299,158
Asahi Group Holdings Ltd.#
75,187
783,400
ASKUL Corp.
32,180
283,831
Bandai Namco Holdings, Inc.
7,707
199,697
BIPROGY, Inc.
5,431
179,922
Chugai Pharmaceutical Co. Ltd.
12,631
718,309
CyberAgent, Inc.
20,264
183,379
Dai-ichi Life Holdings, Inc.
132,630
1,159,098
Daiichi Sankyo Co. Ltd.
62,674
1,148,510
Daiseki Co. Ltd.
16,503
370,027
Daito Trust Construction Co. Ltd.
21,804
441,687
Denso Corp.
27,970
387,308
dip Corp.#
33,533
444,405
DTS Corp.
60,450
491,381
en, Inc.
15,940
147,802
Fuji Corp.
20,150
495,808
Fujimi, Inc.
17,035
300,501
Fuso Chemical Co. Ltd.
18,950
911,011
Future Corp.#
38,947
477,149
GMO Payment Gateway, Inc.
8,872
512,278
Hikari Tsushin, Inc.
1,347
369,999
Hitachi Ltd.
49,809
1,725,420
Honda Motor Co. Ltd.
39,287
394,749
Isuzu Motors Ltd.
330,364
5,304,695
ITOCHU Corp.
64,615
822,927
Jeol Ltd.
5,417
217,296
JGC Holdings Corp.
22,001
307,425
Kaga Electronics Co. Ltd.
17,293
431,878
Kakaku.com, Inc.
25,007
340,946
KDDI Corp.
209,851
3,534,354
Keyence Corp.
2,115
771,327
KH Neochem Co. Ltd.
25,864
424,827
Kyowa Kirin Co. Ltd.
14,887
240,918
LaSalle Logiport REIT
567
575,207
Lintec Corp.
14,273
439,460
M3, Inc.
26,394
325,832
Marubeni Corp.
9,111
301,129
Maruwa Co. Ltd.
1,504
462,979
Mebuki Financial Group, Inc.
59,999
451,078
MISUMI Group, Inc.
59,999
989,386
Mitsubishi Corp.
34,983
926,114
Mitsubishi Estate Co. Ltd.
6,425
163,573
Mitsubishi Gas Chemical Co., Inc.
24,717
489,197
Mitsubishi Heavy Industries Ltd.
34,843
1,017,417
Description
 
Number of
Shares
Value
Mitsubishi UFJ Financial Group, Inc.
328,647
$5,955,612
Mizuho Financial Group, Inc.
43,298
1,897,715
MS&AD Insurance Group Holdings, Inc.
36,691
932,211
Nichicon Corp.
27,067
294,176
Nintendo Co. Ltd.
12,000
779,659
Nippon Soda Co. Ltd.
20,150
479,793
Nissan Chemical Corp.
18,496
636,174
NTT, Inc.
479,692
480,126
Open Up Group, Inc.
37,894
454,454
Optorun Co. Ltd.
16,691
220,231
OSG Corp.
20,794
351,157
Otsuka Holdings Co. Ltd.
19,438
1,160,678
Persol Holdings Co. Ltd.
348,717
609,286
Recruit Holdings Co. Ltd.
30,447
1,593,569
Relo Group, Inc.
33,834
383,026
Resona Holdings, Inc.
31,578
365,139
Roland Corp.
16,541
406,685
Sansan, Inc.*
12,801
123,659
Sega Sammy Holdings, Inc.
34,135
533,883
Sekisui House Ltd.#
21,203
471,026
Shin-Etsu Chemical Co. Ltd.
49,365
1,636,037
Shionogi & Co. Ltd.
55,034
1,128,702
Ship Healthcare Holdings, Inc.
22,857
376,101
SIGMAXYZ Holdings, Inc.
96,540
486,568
SMC Corp.
755
293,443
SoftBank Group Corp.
41,552
1,141,901
Sony Group Corp.
122,793
2,740,547
Sumitomo Mitsui Financial Group, Inc.
40,119
1,418,527
Sumitomo Mitsui Trust Group, Inc.
32,997
1,091,229
Suzuki Motor Corp.
49,473
673,397
T&D Holdings, Inc.
29,924
735,338
TechMatrix Corp.
37,293
509,417
THK Co. Ltd.
6,956
206,576
Tokio Marine Holdings, Inc.
62,977
2,330,507
Tokyo Electron Ltd.
17,763
4,741,468
Tokyo Seimitsu Co. Ltd.
2,712
244,459
Toyo Suisan Kaisha Ltd.
4,361
310,816
Toyo Tanso Co. Ltd.
11,082
386,681
Toyota Motor Corp.
139,626
3,161,343
Toyota Tsusho Corp.
9,660
349,922
Ulvac, Inc.
10,677
572,623
Ushio, Inc.
20,451
366,046
Valqua Ltd.
16,391
461,778
Yamato Kogyo Co. Ltd.
5,290
381,471
TOTAL JAPAN
$78,674,768
KAZAKHSTAN − 0.3%
Kaspi.KZ JSC, ADR*
23,115
1,760,670
MACAU − 0.0%**
Galaxy Entertainment Group Ltd.
40,463
206,145
MEXICO − 1.5%
Controladora Vuela Cia de Aviacion SAB de
CV, ADR*
111,061
1,080,624
Corp Inmobiliaria Vesta SAB de CV, ADR
69,572
2,152,558
Esentia Energy Development SAB de CV*
316,300
903,145
Grupo Financiero Banorte SAB de CV, Class O
207,720
2,341,783
 January 31, 2026 (unaudited)

4
PORTFOLIO OF INVESTMENTS
Wilmington International Fund (continued)
Description
 
Number of
Shares
Value
Wal-Mart de Mexico SAB de CV
620,400
$1,968,836
TOTAL MEXICO
$8,446,946
NETHERLANDS − 3.0%
Akzo Nobel NV
19,760
1,388,955
Arcadis NV
35,185
1,577,341
ASML Holding NV
4,155
5,986,987
Heineken NV
18,023
1,481,349
ING Groep NV
74,178
2,182,346
Koninklijke KPN NV
456,763
2,224,170
Koninklijke Philips NV
73,390
2,099,137
Magnum Ice Cream Co. NV (The)*
9,096
161,494
TOTAL NETHERLANDS
$17,101,779
NEW ZEALAND − 0.1%
Fisher & Paykel Healthcare Corp. Ltd.
10,201
238,986
Xero Ltd.*
2,146
140,097
TOTAL NEW ZEALAND
$379,083
NORWAY − 1.0%
DNB Bank ASA
92,389
2,654,487
Equinor ASA
124,012
3,309,390
TOTAL NORWAY
$5,963,877
PERU − 0.4%
Credicorp Ltd.
5,963
2,127,777
POLAND − 0.2%
Allegro.eu SA*
127,799
1,051,024
PORTUGAL − 0.2%
Jeronimo Martins SGPS SA
48,115
1,135,529
SINGAPORE − 0.7%
CapitaLand Ascendas REIT
115,914
259,693
DBS Group Holdings Ltd.
23,000
1,070,356
Grab Holdings Ltd., Class A*
151,678
652,215
Keppel Ltd.
36,824
316,395
Oversea-Chinese Banking Corp. Ltd.
40,452
675,101
Sea Ltd., ADR*
3,928
457,573
Singapore Telecommunications Ltd.
94,618
341,401
TOTAL SINGAPORE
$3,772,734
SOUTH AFRICA − 1.7%
Anglo American PLC
143,680
6,700,282
Naspers Ltd., Class N
44,505
2,731,670
TOTAL SOUTH AFRICA
$9,431,952
SOUTH KOREA − 4.9%
Coupang, Inc.*
69,412
1,399,346
HD Hyundai Marine Solution Co. Ltd.
7,669
977,140
Hyundai Motor Co.
10,231
3,553,911
Samsung Electronics Co. Ltd.
110,964
12,373,018
SK hynix, Inc.
12,382
7,819,396
SK Telecom Co. Ltd.
31,665
1,594,909
TOTAL SOUTH KOREA
$27,717,720
SPAIN − 1.8%
Banco Santander SA
158,751
2,028,532
Bankinter SA
123,142
2,104,835
Description
 
Number of
Shares
Value
Industria de Diseno Textil SA
90,464
$5,897,733
TOTAL SPAIN
$10,031,100
SWEDEN − 1.6%
AAK AB
45,715
1,272,784
Atlas Copco AB, Class A
143,619
2,962,671
Sandvik AB
47,421
1,872,351
Trelleborg AB, Class B
29,613
1,196,821
Volvo AB, Class B#
58,363
2,122,886
TOTAL SWEDEN
$9,427,513
SWITZERLAND − 1.2%
Galderma Group AG
9,898
1,842,471
Helvetia Baloise Holding AG
5,532
1,400,443
Sulzer AG
6,988
1,502,368
UBS Group AG
47,715
2,246,102
TOTAL SWITZERLAND
$6,991,384
TAIWAN − 6.5%
ASPEED Technology, Inc.
10,774
3,040,137
MediaTek, Inc.
55,194
3,086,795
Quanta Computer, Inc.
228,709
2,034,907
Realtek Semiconductor Corp.
43,600
669,863
Taiwan Semiconductor Manufacturing Co.
Ltd.
502,616
28,349,012
TOTAL TAIWAN
$37,180,714
THAILAND − 0.3%
True Corp. PCL, NVDR
4,249,226
1,566,535
TURKEY − 0.5%
MLP Saglik Hizmetleri AS*
111,223
1,207,194
Yapi ve Kredi Bankasi AS*
1,889,132
1,784,569
TOTAL TURKEY
$2,991,763
UNITED ARAB EMIRATES − 0.5%
Abu Dhabi Islamic Bank PJSC
205,665
1,363,073
Aldar Properties PJSC
483,223
1,261,840
TOTAL UNITED ARAB EMIRATES
$2,624,913
UNITED KINGDOM − 10.1%
AstraZeneca PLC
18,613
3,463,797
Babcock International Group PLC
94,581
1,857,176
BAE Systems PLC
127,808
3,452,251
Beazley PLC
141,920
2,200,243
British American Tobacco PLC
43,229
2,588,509
Bunzl PLC
67,838
1,901,079
Genuit Group PLC
441,219
2,007,442
HSBC Holdings PLC
202,350
3,559,088
ICG PLC
115,632
2,871,785
London Stock Exchange Group PLC
14,070
1,563,703
National Grid PLC
212,999
3,598,039
QinetiQ Group PLC
177,187
1,215,906
Reckitt Benckiser Group PLC
78,238
6,521,910
Rotork PLC
454,182
2,197,553
RS Group PLC
161,975
1,484,978
Serco Group PLC
431,699
1,772,146
Smith & Nephew PLC
106,654
1,812,575
Smiths Group PLC
103,261
3,546,559
January 31, 2026 (unaudited)

PORTFOLIO OF INVESTMENTS
5
Wilmington International Fund (continued)
Description
 
Number of
Shares
Value
Standard Chartered PLC
85,957
$2,190,071
Tate & Lyle PLC
344,338
1,774,445
Tesco PLC
301,800
1,755,940
Unilever PLC
68,027
4,598,852
TOTAL UNITED KINGDOM
$57,934,047
UNITED STATES − 5.9%
CyberArk Software Ltd.*
456
196,458
Haleon PLC
415,337
2,153,389
Holcim AG*
20,327
2,091,468
Monday.com Ltd.*
459
52,670
Nestle SA
27,735
2,634,475
Novartis AG
54,008
8,007,757
Philip Morris International, Inc.
23,057
4,137,348
QIAGEN NV
32,948
1,742,665
Roche Holding AG
23,776
10,786,163
Roche Holding AG
344
158,417
Schneider Electric SE
5,876
1,687,648
TOTAL UNITED STATES
$33,648,458
TOTAL COMMON STOCKS
(Cost $335,855,649)
$540,755,470
EXCHANGE-TRADED FUNDS − 3.2%
iShares MSCI India ETF*,#
312,769
16,182,668
iShares MSCI Saudi Arabia ETF#
49,621
1,977,893
TOTAL EXCHANGE-TRADED FUNDS
(Cost $16,048,055)
$18,160,561
MONEY MARKET FUND − 1.3%
Dreyfus Government Cash Management
Fund, Institutional Shares, 3.58%^
7,544,047
7,544,047
TOTAL MONEY MARKET FUND
(Cost $7,544,047)
$7,544,047
 
 
Par Value
 
CASH COLLATERAL INVESTED FOR SECURITIES ON LOAN − 3.8%
REPURCHASE AGREEMENTS − 3.8%
Bank of Montreal, 3.67%, dated 1/30/26,
due 2/02/26, repurchase price
$3,790,316, collateralized by
U.S. Government Agency Securities,
2.00% to 8.00%, maturing 9/20/50 to
11/20/65; total market value of
$3,864,940.
$3,789,157
3,789,157
Description
 
Par Value
Value
CF Secured LLC, 3.68%, dated 1/30/26, due
2/02/26, repurchase price $3,057,448,
collateralized by U.S. Government Agency
& Treasury Securities, 0.00% to 7.00%,
maturing 2/28/27 to 9/20/65; total
market value of $3,117,642.
$3,056,511
$3,056,511
Citadel Securities LLC, 3.71%, dated
1/30/26, due 2/02/26, repurchase price
$4,032,264, collateralized by
U.S. Treasury Securities, 0.00% to 4.50%,
maturing 2/15/26 to 11/15/55; total
market value of $4,112,910.
4,031,018
4,031,018
Citigroup Global Markets Ltd., 3.67%, dated
1/30/26, due 2/02/26, repurchase price
$3,790,316, collateralized by
U.S. Government Agency Securities,
3.50% to 7.50%, maturing 11/01/49 to
1/20/56; total market value of
$3,864,940.
3,789,157
3,789,157
HSBC Securities USA, Inc., 3.67%, dated
1/30/26, due 2/02/26, repurchase price
$1,308,832, collateralized by
U.S. Treasury Securities, 3.88% to 4.50%,
maturing 12/31/31 to 5/15/43; total
market value of $1,334,601.
1,308,432
1,308,432
HSBC Securities USA, Inc., 3.68%, dated
1/30/26, due 2/02/26, repurchase price
$2,026,478, collateralized by
U.S. Government Agency & Treasury
Securities, 0.00% to 8.00%, maturing
11/20/30 to 1/20/56; total market value
of $2,066,374.
2,025,857
2,025,857
RBC Dominion Securities, Inc., 3.67%, dated
1/30/26, due 2/02/26, repurchase price
$3,790,316, collateralized by
U.S. Government Agency & Treasury
Securities, 0.00% to 7.00%, maturing
7/31/30 to 5/01/54; total market value of
$3,864,942.
3,789,157
3,789,157
TOTAL REPURCHASE AGREEMENTS
(Cost $21,789,289)
$21,789,289
TOTAL CASH COLLATERAL INVESTED FOR SECURITIES ON
LOAN
(Cost $21,789,289)
$21,789,289
TOTAL INVESTMENTS − 103.1%
(Cost $381,237,040)
$588,249,367
COLLATERAL FOR SECURITIES ON LOAN − (3.8%)
(21,789,289
)
OTHER ASSETS LESS LIABILITIES – 0.7%
4,262,982
TOTAL NET ASSETS – 100.0%
$570,723,060
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)
 January 31, 2026 (unaudited)

6
PORTFOLIO OF INVESTMENTS
Wilmington International Fund (continued)
The following is a summary of the inputs used as of January 31, 2026 in valuing the Fund’s assets carried at fair value:
 
Level 1
Level 2
Level 3
Total
Assets
Investments in Securities
Common Stocks
Australia
$12,313,106
$
$
$12,313,106
Austria
8,715,051
8,715,051
Belgium
4,792,828
4,792,828
Brazil
9,310,518
9,310,518
Canada
38,894,580
38,894,580
Chile
2,754,685
2,754,685
China
38,005,691
38,005,691
Czech Republic
414,519
414,519
Denmark
6,493,808
6,493,808
Finland
1,341,313
1,341,313
France
27,437,695
27,437,695
Germany
27,732,160
27,732,160
Greece
3,922,181
3,922,181
Hong Kong
13,276,007
13,276,007
Hungary
1,656,207
1,656,207
India
7,482,210
7,482,210
Indonesia
4,643,346
4,643,346
Ireland
3,544,616
3,544,616
Israel
1,712,368
1,712,368
Italy
6,146,150
6,146,150
Japan
78,674,768
78,674,768
Kazakhstan
1,760,670
1,760,670
Macau
206,145
206,145
Mexico
8,446,946
8,446,946
Netherlands
17,101,779
17,101,779
New Zealand
379,083
379,083
Norway
5,963,877
5,963,877
Peru
2,127,777
2,127,777
Poland
1,051,024
1,051,024
Portugal
1,135,529
1,135,529
Singapore
3,772,734
3,772,734
South Africa
9,431,952
9,431,952
South Korea
27,717,720
27,717,720
Spain
10,031,100
10,031,100
Sweden
9,427,513
9,427,513
Switzerland
6,991,384
6,991,384
Taiwan
37,180,714
37,180,714
Thailand
1,566,535
1,566,535
Turkey
2,991,763
2,991,763
United Arab Emirates
2,624,913
2,624,913
United Kingdom
57,934,047
57,934,047
United States
33,648,458
33,648,458
Exchange-Traded Funds
18,160,561
18,160,561
Money Market Fund
7,544,047
7,544,047
Repurchase Agreements
21,789,289
21,789,289
Total Investments in Securities
$566,460,078
$21,789,289
$
$588,249,367
Other Financial Instruments!
Financial Futures Contracts
$181,484
$
$
$181,484
Total Assets - Other Financial Instruments
$181,484
$
$
$181,484
!
Other financial instruments are derivative instruments, such as financial futures contracts, which are valued at the unrealized appreciation (depreciation) on the instrument.
January 31, 2026 (unaudited)

PORTFOLIO OF INVESTMENTS
7
Wilmington International Fund (concluded)
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 semi-annual or annual financial statements.

¢
Country classifications are based on primary country of risk.
*
Non-income producing security.
#
Security, or a portion thereof, is on loan.
**
Represents less than 0.05%.
^
7-Day net yield.
The following acronyms are used throughout this Portfolio of Investments:
ADR
American Depositary Receipt
ETF
Exchange-Traded Fund
LLC
Limited Liability Corporation
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
SCA
Limited Partnership With Share Capital
SpA
Societa per Azioni
SPI
Share Price Index
At January 31, 2026, the sector classifications of the Fund’s investments were as follows:
 
% of Net Assets
Financials
22.8%
Information Technology
15.6%
Industrials
13.6%
Consumer Discretionary
8.7%
Health Care
8.5%
Consumer Staples
6.9%
Materials
6.2%
Communication Services
5.1%
Energy
3.3%
Utilities
2.5%
Real Estate
1.5%
Other
5.3%
 
100.0%
At January 31, 2026, the International 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
March 2026
57
$8,577,537
$8,759,021
$181,484
$
UNREALIZED APPRECIATION (DEPRECIATION)
ON FINANCIAL FUTURES CONTRACTS
 
$181,484
$
For additional information about significant accounting policies, refer to the Fund’s most recent semi-annual or annual financial statements.
 January 31, 2026 (unaudited)