1
Wilmington Global Alpha Equities Fund
PORTFOLIO OF INVESTMENTS
January 31, 2026 (unaudited)
Description
 
Number of
Shares
Value
COMMON STOCKS − 94.0%
AEROSPACE & DEFENSE − 1.7%
BAE Systems PLC
38,365
$1,036,286
General Dynamics Corp.
888
311,768
Hanwha Aerospace Co. Ltd.*
819
739,683
HEICO Corp.
166
54,931
HEICO Corp., Class A
261
66,448
Lockheed Martin Corp.
905
573,969
Rheinmetall AG
256
540,596
Safran SA
2,179
777,446
TOTAL AEROSPACE & DEFENSE
$4,101,127
AIR FREIGHT & LOGISTICS − 1.1%
C.H. Robinson Worldwide, Inc.
4,196
818,010
DSV A/S
3,628
1,018,663
Expeditors International of Washington, Inc.
3,836
615,831
United Parcel Service, Inc., Class B
2,040
216,689
Yamato Holdings Co. Ltd.
6,055
79,052
TOTAL AIR FREIGHT & LOGISTICS
$2,748,245
AUTOMOBILE COMPONENTS − 0.8%
Aumovio SE*
1,136
54,832
Brembo NV
4,956
59,568
Bridgestone Corp.
8,034
180,916
Continental AG
1,194
94,316
Denso Corp.
9,217
127,630
Fuyao Glass Industry Group Co. Ltd., Class H
43,496
372,206
Hankook Tire & Technology Co. Ltd.
1,502
66,262
Hesai Group, ADR*
4,245
101,328
Hyundai Mobis Co. Ltd.
430
134,132
Koito Manufacturing Co. Ltd.
9,270
144,686
Minth Group Ltd.
31,000
145,950
Stanley Electric Co. Ltd.
4,117
81,005
Sumitomo Rubber Industries Ltd.
3,219
51,792
Tachi-S Co. Ltd.
3,041
41,343
Tokai Rika Co. Ltd.
2,810
56,832
Toyota Boshoku Corp.
5,800
97,141
TS Tech Co. Ltd.
4,726
57,976
Valeo SE
5,284
74,033
TOTAL AUTOMOBILE COMPONENTS
$1,941,948
AUTOMOBILES − 1.4%
Honda Motor Co. Ltd.
36,298
364,716
Isuzu Motors Ltd.
59,548
956,169
Mercedes-Benz Group AG
4,788
327,985
Nissan Motor Co. Ltd.*
27,548
67,161
Renault SA
2,142
80,944
Subaru Corp.
5,569
119,721
Suzuki Motor Corp.
13,270
180,623
Tesla, Inc.*
1,942
835,856
Toyota Motor Corp.
25,125
568,868
TOTAL AUTOMOBILES
$3,502,043
Description
 
Number of
Shares
Value
BANKS − 9.0%
77 Bank Ltd. (The)
1,727
$94,362
ABN AMRO Bank NV
8,234
303,151
AIB Group PLC*
21,312
238,728
Banco Bradesco SA, ADR
66,868
270,815
Bank Central Asia Tbk PT
1,762,300
776,945
Bank Leumi Le-Israel BM
28,716
692,319
Bank Negara Indonesia Persero Tbk PT
394,494
105,527
Bank of America Corp.
17,107
910,092
Bank of Ireland Group PLC
11,817
240,155
Bank of Nova Scotia (The)
10,116
756,295
Bank of Nova Scotia (The)
3,608
269,590
BDO Unibank, Inc.
35,463
81,309
BNP Paribas SA
3,482
376,418
BPER Banca SpA
14,445
202,986
Chiba Bank Ltd. (The)
15,210
204,818
Dah Sing Financial Holdings Ltd.
8,168
39,522
DNB Bank ASA
18,474
530,788
Erste Group Bank AG
7,259
942,188
FinecoBank Banca Fineco SpA
72,357
1,916,923
First Citizens BancShares, Inc., Class A
174
360,105
HDFC Bank Ltd., ADR
31,809
1,029,975
HSBC Holdings PLC
44,633
785,040
ICICI Bank Ltd., ADR
5,988
175,389
iM Financial Group Co. Ltd.
6,824
73,483
ING Groep NV
10,204
300,206
Itau Unibanco Holding SA, ADR
64,692
555,704
Kasikornbank PCL
27,264
163,766
Kasikornbank PCL, NVDR
11,062
66,094
KB Financial Group, Inc., ADR
1,545
145,184
KBC Group NV
6,380
899,185
Mebuki Financial Group, Inc.
16,097
121,019
Mitsubishi UFJ Financial Group, Inc.
16,318
295,708
Mizuho Financial Group, Inc.
31,189
1,366,988
OTP Bank Nyrt
3,688
464,635
Resona Holdings, Inc.
28,716
332,045
Royal Bank of Canada
4,699
782,402
Sberbank of Russia PJSC, ADR*,(1)
3,982
Security Bank Corp.
18,687
20,645
Shiga Bank Ltd. (The)
1,030
52,512
Shinhan Financial Group Co. Ltd., ADR
4,559
265,927
Societe Generale SA
14,116
1,234,851
Standard Chartered PLC
19,331
492,528
Sumitomo Mitsui Trust Group, Inc.
22,238
735,423
Tochigi Bank Ltd. (The)
11,060
59,745
Truist Financial Corp.
10,163
522,581
UniCredit SpA
10,983
956,223
Wells Fargo & Co.
5,453
493,442
TOTAL BANKS
$21,703,736
BEVERAGES − 0.9%
Ambev SA
52,878
149,106
 January 31, 2026 (unaudited)

2
PORTFOLIO OF INVESTMENTS
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
Asahi Group Holdings Ltd.
25,035
$260,849
Brown-Forman Corp., Class B
7,298
199,746
Cia Cervecerias Unidas SA
11,510
84,512
Coca-Cola Co. (The)
263
19,675
Coca-Cola Europacific Partners PLC
570
52,269
Coca-Cola Icecek AS
11,934
19,731
Diageo PLC
4,864
111,515
Embotelladora Andina SA, Class B, ADR
1,737
54,577
Heineken Holding NV
962
71,041
Heineken NV
4,314
354,577
Kirin Holdings Co. Ltd.
7,356
113,696
Monster Beverage Corp.*
1,768
142,784
PepsiCo., Inc.
1,085
166,689
Pernod Ricard SA
3,202
284,965
Suntory Beverage & Food Ltd.
2,279
71,760
Tsingtao Brewery Co. Ltd., Class H
10,878
68,899
TOTAL BEVERAGES
$2,226,391
BIOTECHNOLOGY − 1.4%
AbbVie, Inc.
4,842
1,079,814
Argenx SE, ADR*
811
681,646
Duality Biotherapeutics, Inc.*
2,177
91,905
Gilead Sciences, Inc.
2,751
390,505
Keymed Biosciences, Inc.*
8,191
58,349
Natera, Inc.*
1,970
455,346
United Therapeutics Corp.*
1,135
532,871
TOTAL BIOTECHNOLOGY
$3,290,436
BROADLINE RETAIL − 2.4%
Alibaba Group Holding Ltd.
59,453
1,287,675
Alibaba Group Holding Ltd., ADR
2,560
434,074
Amazon.com, Inc.*
14,115
3,377,720
ASKUL Corp.
13,737
121,162
JD.com, Inc., Class A
5,401
77,709
Pan Pacific International Holdings Corp.
45,070
266,733
PDD Holdings, Inc., ADR*
879
88,823
Seria Co. Ltd.
3,490
83,213
TOTAL BROADLINE RETAIL
$5,737,109
BUILDING PRODUCTS − 0.8%
AGC, Inc.
3,235
119,128
Assa Abloy AB, Class B
13,017
525,941
Belimo Holding AG
73
79,794
Cie de Saint-Gobain SA
1,647
162,468
Geberit AG
212
161,691
Lennox International, Inc.
578
286,156
Masco Corp.
3,880
256,429
Trane Technologies PLC
573
240,993
TOTAL BUILDING PRODUCTS
$1,832,600
CAPITAL MARKETS − 3.4%
Ares Management Corp., Class A
3,690
552,282
Blackrock, Inc.
384
429,673
Cboe Global Markets, Inc.
402
106,554
CME Group, Inc.
1,219
352,364
CSC Financial Co. Ltd., Class H
188,820
304,786
Daiwa Securities Group, Inc.
5,128
49,819
Deutsche Boerse AG
802
202,774
Description
 
Number of
Shares
Value
Evercore, Inc., Class A
1,057
$373,407
Goldman Sachs Group, Inc. (The)
420
392,872
Hong Kong Exchanges & Clearing Ltd.
9,858
545,388
Houlihan Lokey, Inc.
1,953
328,729
ICG PLC
17,757
441,005
Interactive Brokers Group, Inc., Class A
6,989
523,336
Intercontinental Exchange, Inc.
3,839
667,142
Japan Exchange Group, Inc.
8,780
95,709
KKR & Co., Inc.
1,981
226,349
London Stock Exchange Group PLC
2,120
235,611
Moody's Corp.
327
168,588
Nasdaq, Inc.
7,516
728,225
Partners Group Holding AG
122
165,707
S&P Global, Inc.
856
451,788
Schroders PLC
5,381
33,252
T Rowe Price Group, Inc.
855
90,357
Tradeweb Markets, Inc., Class A
431
44,423
UBS Group AG
16,661
784,288
TOTAL CAPITAL MARKETS
$8,294,428
CHEMICALS − 2.2%
ADEKA Corp.
4,530
134,208
Aica Kogyo Co. Ltd.
7,755
175,886
Air Liquide SA
1,083
202,753
Arkema SA
1,786
107,651
Asahi Kasei Corp.
12,424
120,379
BASF SE
3,836
208,980
China BlueChemical Ltd., Class H
85,413
29,739
Dow, Inc.
2,692
74,165
Ecolab, Inc.
627
176,808
Element Solutions, Inc.
8,594
250,085
EMS-Chemie Holding AG
52
40,427
Evonik Industries AG
6,034
93,696
Fujimi, Inc.
4,539
80,069
Fuso Chemical Co. Ltd.
5,082
244,314
Givaudan SA
11
42,517
KH Neochem Co. Ltd.
10,429
171,301
Linde PLC
1,218
556,590
Lintec Corp.
3,832
117,986
LyondellBasell Industries NV, Class A
942
46,158
Mitsubishi Gas Chemical Co., Inc.
12,052
238,532
Nippon Sanso Holdings Corp.
4,851
146,947
Nippon Shokubai Co. Ltd.
5,490
78,930
Nippon Soda Co. Ltd.
5,406
128,723
Nissan Chemical Corp.
4,989
171,598
Nutrien Ltd.
1,984
136,678
Sherwin-Williams Co. (The)
883
313,147
Shin-Etsu Chemical Co. Ltd.
16,776
555,984
Sika AG
1,347
258,405
Symrise AG
3,392
285,711
Valqua Ltd.
4,397
123,875
Wacker Chemie AG
813
66,157
TOTAL CHEMICALS
$5,378,399
COMMERCIAL SERVICES & SUPPLIES − 1.2%
Cintas Corp.
2,782
532,447
Clean Harbors, Inc.*
2,926
760,497
Copart, Inc.*
9,368
380,153
January 31, 2026 (unaudited)

PORTFOLIO OF INVESTMENTS
3
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
Daiseki Co. Ltd.
4,446
$99,687
Elis SA
15,983
464,164
Prosegur Cia de Seguridad SA
14,164
47,262
Secom Co. Ltd.
4,481
163,854
Waste Connections, Inc.
2,817
472,129
TOTAL COMMERCIAL SERVICES & SUPPLIES
$2,920,193
COMMUNICATIONS EQUIPMENT − 0.7%
Arista Networks, Inc.*
4,040
572,630
Cisco Systems, Inc.
10,847
849,537
Nokia OYJ
32,129
206,568
Telefonaktiebolaget LM Ericsson, Class B
16,940
183,825
TOTAL COMMUNICATIONS EQUIPMENT
$1,812,560
CONSTRUCTION & ENGINEERING − 0.3%
Bouygues SA
1,424
76,987
Ferrovial SE
1,590
107,466
Fugro NV
1,499
20,700
JGC Holdings Corp.
13,558
189,449
Obayashi Corp.
9,776
220,270
Vinci SA
1,456
209,089
TOTAL CONSTRUCTION & ENGINEERING
$823,961
CONSTRUCTION MATERIALS − 0.6%
Amrize Ltd.*
9,952
522,028
Holcim AG*
3,727
383,475
Imerys SA
1,284
39,937
James Hardie Industries PLC*
12,363
284,225
Semen Indonesia Persero Tbk PT
267,322
39,019
Taiheiyo Cement Corp.
1,846
50,564
Vicat SACA
600
55,617
TOTAL CONSTRUCTION MATERIALS
$1,374,865
CONSUMER FINANCE − 0.3%
American Express Co.
838
295,118
Credit Acceptance Corp.*
874
435,462
Vanquis Banking Group PLC*
9,140
14,883
TOTAL CONSUMER FINANCE
$745,463
CONSUMER STAPLES DISTRIBUTION & RETAIL − 1.1%
Carrefour SA
8,419
138,116
Costco Wholesale Corp.
475
446,619
J Sainsbury PLC
24,660
108,114
Koninklijke Ahold Delhaize NV
5,583
218,123
Performance Food Group Co.*
8,010
764,555
Tsuruha Holdings, Inc.
4,630
73,776
U.S. Foods Holding Corp.*
5,112
427,465
Walmart, Inc.
4,306
513,017
TOTAL CONSUMER STAPLES DISTRIBUTION & RETAIL
$2,689,785
CONTAINERS & PACKAGING − 0.3%
Amcor PLC
8,856
391,878
Ball Corp.
3,896
221,565
International Paper Co.
527
21,249
Packaging Corp. of America
254
56,528
TOTAL CONTAINERS & PACKAGING
$691,220
DISTRIBUTORS − 0.1%
Genuine Parts Co.
530
73,665
Description
 
Number of
Shares
Value
Pool Corp.
457
$116,119
TOTAL DISTRIBUTORS
$189,784
DIVERSIFIED REITS − 0.1%
British Land Co. PLC (The)
16,073
91,229
Land Securities Group PLC
11,768
104,748
DIVERSIFIED REITS
$195,977
DIVERSIFIED TELECOMMUNICATION SERVICES − 1.1%
BT Group PLC
70,375
184,265
Deutsche Telekom AG
14,541
485,543
Koninklijke KPN NV
96,296
468,905
KT Corp., ADR
6,432
134,557
NTT, Inc.
286,207
286,466
Orange Polska SA
24,411
79,114
Orange SA
19,323
357,769
Proximus SADP
5,555
50,603
Singapore Telecommunications Ltd.
117,642
424,477
Swisscom AG
154
126,200
Telefonica Brasil SA
20,763
147,238
TOTAL DIVERSIFIED TELECOMMUNICATION SERVICES
$2,745,137
ELECTRIC UTILITIES − 0.4%
Edison International
4,773
297,263
EDP SA
10,999
56,284
Endesa SA
1,382
50,930
Enel Americas SA
870,686
82,213
Iberdrola SA
20,923
469,360
TOTAL ELECTRIC UTILITIES
$956,050
ELECTRICAL EQUIPMENT − 0.9%
AMETEK, Inc.
879
196,878
Contemporary Amperex Technology Co. Ltd.,
Class H
1,766
110,995
Cosel Co. Ltd.
2,874
21,598
Hubbell, Inc.
1,089
531,367
Legrand SA
1,550
248,034
Schneider Electric SE
2,453
704,527
Toyo Tanso Co. Ltd.
2,941
102,620
Ushio, Inc.
8,064
144,335
Zumtobel Group AG
1,250
5,304
TOTAL ELECTRICAL EQUIPMENT
$2,065,658
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS − 2.2%
Alps Alpine Co. Ltd.
1,835
23,886
Amphenol Corp., Class A
8,146
1,173,676
CDW Corp.
1,810
228,766
Corning, Inc.
5,793
598,127
Flex Ltd.*
8,602
542,270
Halma PLC
2,819
136,705
Horiba Ltd.
580
68,640
Jabil, Inc.
3,284
778,932
Jeol Ltd.
1,453
58,285
Kaga Electronics Co. Ltd.
4,672
116,679
Keyence Corp.
1,339
488,325
Maruwa Co. Ltd.
405
124,672
Maxell Ltd.
4,211
60,270
Nichicon Corp.
13,302
144,572
 January 31, 2026 (unaudited)

4
PORTFOLIO OF INVESTMENTS
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
PAX Global Technology Ltd.
21,464
$13,545
Shimadzu Corp.
3,116
83,840
TD SYNNEX Corp.
2,746
435,708
Tong Hsing Electronic Industries Ltd.
13,024
58,147
Yokogawa Electric Corp.
2,766
91,652
TOTAL ELECTRONIC EQUIPMENT, INSTRUMENTS &
COMPONENTS
$5,226,697
ENTERTAINMENT − 0.3%
Avex, Inc.
2,820
21,793
Embracer Group AB*
4,950
27,049
NetEase, Inc.
9,343
245,173
Nintendo Co. Ltd.
3,463
224,997
Universal Music Group NV
4,536
111,191
TOTAL ENTERTAINMENT
$630,203
FINANCIAL SERVICES − 1.4%
Adyen NV*
328
487,315
Berkshire Hathaway, Inc., Class B*
1,444
693,885
Fiserv, Inc.*
1,606
102,350
GMO Payment Gateway, Inc.
2,374
137,077
Groupe Bruxelles Lambert NV
593
56,163
Jack Henry & Associates, Inc.
279
50,000
Mastercard, Inc., Class A
1,648
887,926
Mitsubishi HC Capital, Inc.
14,553
126,855
Poste Italiane SpA
3,394
89,312
Visa, Inc., Class A
2,212
711,888
TOTAL FINANCIAL SERVICES
$3,342,771
FOOD PRODUCTS − 1.0%
Astral Foods Ltd.
3,271
55,442
China Mengniu Dairy Co. Ltd.
44,037
91,883
Chocoladefabriken Lindt & Spruengli AG
22
314,753
Danone SA
1,717
134,001
General Mills, Inc.
8,434
390,157
Hershey Co. (The)
568
110,618
Indofood CBP Sukses Makmur Tbk PT
163,304
77,347
J.M. Smucker Co. (The)
178
18,665
JDE Peet's NV
1,269
47,563
Kerry Group PLC, Class A
499
44,243
Kraft Heinz Co. (The)
3,171
75,280
M Dias Branco SA
17,592
82,733
Magnum Ice Cream Co. NV (The)*
1,113
19,761
Mondelez International, Inc., Class A
3,991
233,354
Nestle SA
3,390
322,007
Orkla ASA
2,142
25,400
Perusahaan Perkebunan London Sumatra
Indonesia Tbk PT
238,965
16,515
Tate & Lyle PLC
15,068
77,648
Toyo Suisan Kaisha Ltd.
1,170
83,388
Ulker Biskuvi Sanayi AS
18,260
56,854
WH Group Ltd.
59,599
70,035
TOTAL FOOD PRODUCTS
$2,347,647
GAS UTILITIES − 0.7%
Atmos Energy Corp.
9,334
1,552,618
ENN Energy Holdings Ltd.
7,027
60,581
Description
 
Number of
Shares
Value
Osaka Gas Co. Ltd.
3,352
$125,494
TOTAL GAS UTILITIES
$1,738,693
GROUND TRANSPORTATION − 0.8%
Ayvens SA
8,481
123,149
Canadian National Railway Co.
3,319
319,286
Central Japan Railway Co.
1,683
46,838
DiDi Global, Inc., ADR*
41,576
195,823
East Japan Railway Co.
4,915
123,637
Knight-Swift Transportation Holdings, Inc.
4,109
226,406
Old Dominion Freight Line, Inc.
3,610
625,252
Tokyu Corp.
2,409
27,171
U-Haul Holding Co.
2,168
111,240
West Japan Railway Co.
1,967
40,151
TOTAL GROUND TRANSPORTATION
$1,838,953
HEALTH CARE EQUIPMENT & SUPPLIES − 0.8%
Abbott Laboratories
1,385
151,380
Boston Scientific Corp.*
2,297
214,838
Coloplast A/S, Class B
936
79,630
Hoya Corp.
3,575
597,604
IDEXX Laboratories, Inc.*
246
164,933
Koninklijke Philips NV
8,251
235,999
Medtronic PLC
1,475
151,866
Shandong Weigao Group Medical Polymer Co.
Ltd., Class H
118,148
75,619
Siemens Healthineers AG
974
48,687
Straumann Holding AG
114
13,729
Stryker Corp.
226
83,521
TOTAL HEALTH CARE EQUIPMENT & SUPPLIES
$1,817,806
HEALTH CARE PROVIDERS & SERVICES − 1.9%
Alfresa Holdings Corp.
5,185
83,390
As One Corp.
5,362
80,433
BML, Inc.
1,690
42,698
Cencora, Inc.
2,116
760,109
CVS Health Corp.
1,016
75,712
Elevance Health, Inc.
1,389
480,233
Fresenius SE & Co. KGaA
3,201
179,129
HCA Healthcare, Inc.
1,197
584,459
Labcorp Holdings, Inc.
626
169,972
Molina Healthcare, Inc.*
2,454
440,714
Netcare Ltd.
74,802
71,775
Ship Healthcare Holdings, Inc.
9,502
156,351
Tenet Healthcare Corp.*
2,463
466,197
UnitedHealth Group, Inc.
3,168
908,994
TOTAL HEALTH CARE PROVIDERS & SERVICES
$4,500,166
HEALTH CARE REITS − 0.3%
Alexandria Real Estate Equities, Inc.
255
13,933
Welltower, Inc.
4,082
768,886
TOTAL HEALTH CARE REITS
$782,819
HEALTH CARE TECHNOLOGY − 0.0%**
M3, Inc.
7,083
87,439
HOTELS, RESTAURANTS & LEISURE − 1.5%
Choice Hotels International, Inc.
2,781
285,887
Compass Group PLC
18,223
545,338
January 31, 2026 (unaudited)

PORTFOLIO OF INVESTMENTS
5
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
Darden Restaurants, Inc.
2,908
$579,710
Evolution AB
133
8,639
FDJ UNITED
520
13,770
Galaxy Entertainment Group Ltd.
14,332
73,017
Hyatt Hotels Corp., Class A
1,429
223,453
McDonald's Corp.
1,478
465,570
Meituan, Class B*
29,317
364,769
Sodexo SA
1,180
60,340
Texas Roadhouse, Inc.
3,279
589,761
Trip.com Group Ltd., ADR
3,996
245,234
Yum China Holdings, Inc.
1,299
64,683
Yum! Brands, Inc.
1,062
165,141
TOTAL HOTELS, RESTAURANTS & LEISURE
$3,685,312
HOUSEHOLD DURABLES − 0.8%
Coway Co. Ltd.*
696
40,327
Crest Nicholson Holdings PLC
15,768
32,860
Garmin Ltd.
580
116,951
LG Electronics, Inc.
407
28,021
Nikon Corp.
3,895
48,839
NVR, Inc.*
93
710,123
Rinnai Corp.
3,590
94,158
SEB SA
913
51,557
Sekisui House Ltd.
11,203
248,875
Sony Group Corp.
24,499
546,779
TOTAL HOUSEHOLD DURABLES
$1,918,490
HOUSEHOLD PRODUCTS − 1.1%
Henkel AG & Co. KGaA
772
63,736
Kimberly-Clark Corp.
3,698
369,763
Kimberly-Clark de Mexico SAB de CV, Class A
40,315
89,299
Procter & Gamble Co. (The)
786
119,291
Reckitt Benckiser Group PLC
24,363
2,030,897
Unicharm Corp.
2,009
12,195
TOTAL HOUSEHOLD PRODUCTS
$2,685,181
INDUSTRIAL CONGLOMERATES − 0.6%
CK Hutchison Holdings Ltd.
17,232
139,517
DCC PLC
1,923
121,989
Hikari Tsushin, Inc.
360
98,886
Hitachi Ltd.
17,200
595,821
Honeywell International, Inc.
1,174
267,109
Lifco AB, Class B
912
31,350
Sekisui Chemical Co. Ltd.
6,191
109,331
Smiths Group PLC
2,423
83,219
TOTAL INDUSTRIAL CONGLOMERATES
$1,447,222
INDUSTRIAL REITS − 0.1%
LaSalle Logiport REIT
153
155,215
INSURANCE − 5.6%
Admiral Group PLC
212
7,977
Ageas SA
3,395
241,255
AIA Group Ltd.
170,443
1,971,240
Allianz SE
754
332,298
American International Group, Inc.
3,011
225,464
Arthur J. Gallagher & Co.
2,439
608,213
ASR Nederland NV
593
43,004
Aviva PLC
15,999
139,191
Description
 
Number of
Shares
Value
AXA SA
8,850
$403,144
Brown & Brown, Inc.
921
66,404
China Pacific Insurance Group Co. Ltd., Class H
92,474
466,389
China Reinsurance Group Corp., Class H
384,188
86,554
Dai-ichi Life Holdings, Inc.
41,856
365,794
Erie Indemnity Co., Class A
63
17,830
Gjensidige Forsikring ASA
1,485
42,219
Globe Life, Inc.
4,431
621,315
Helvetia Baloise Holding AG
150
38,069
Intact Financial Corp.
5,042
917,976
Japan Post Insurance Co. Ltd.
5,700
175,869
Mapfre SA
6,859
31,367
Markel Group, Inc.*
319
650,964
MetLife, Inc.
4,741
373,970
MS&AD Insurance Group Holdings, Inc.
11,324
287,710
Muenchener Rueckversicherungs AG
260
157,917
NN Group NV
2,809
222,354
Old Mutual Ltd.
159,935
154,452
Phoenix Group Holdings PLC
5,217
52,791
PICC Property & Casualty Co. Ltd., Class H
145,590
301,725
Progressive Corp. (The)
2,270
472,160
Prudential PLC
75,617
1,246,302
Sampo OYJ, Class A
70,903
790,022
Sun Life Financial, Inc.
2,944
185,507
Swiss Life Holding AG
20
21,898
T&D Holdings, Inc.
18,683
459,107
Talanx AG
4,110
518,845
Tokio Marine Holdings, Inc.
14,803
547,795
Tongyang Life Insurance Co. Ltd.*
3,047
14,585
Tryg A/S
2,497
60,678
Zurich Insurance Group AG
293
208,081
TOTAL INSURANCE
$13,528,435
INTERACTIVE MEDIA & SERVICES − 4.5%
Alphabet, Inc., Class A
16,840
5,691,920
Alphabet, Inc., Class C
3,085
1,044,365
Baidu, Inc., Class A*
9,384
183,546
Kakaku.com, Inc.
6,661
90,816
Meta Platforms, Inc., Class A
2,414
1,729,631
Scout24 SE
557
55,493
Tencent Holdings Ltd.
27,945
2,167,749
TOTAL INTERACTIVE MEDIA & SERVICES
$10,963,520
IT SERVICES − 1.0%
Accenture PLC, Class A
1,495
394,142
Alten SA
961
94,091
BIPROGY, Inc.
1,464
48,500
Capgemini SE
813
126,436
Cognizant Technology Solutions Corp., Class A
5,811
476,851
DTS Corp.
16,262
132,189
Future Corp.
10,449
128,013
International Business Machines Corp.
1,378
422,633
Nomura Research Institute Ltd.
1,811
55,011
Obic Co. Ltd.
4,442
123,335
Otsuka Corp.
3,737
73,938
TechMatrix Corp.
10,005
136,667
 January 31, 2026 (unaudited)

6
PORTFOLIO OF INVESTMENTS
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
TIS, Inc.
3,515
$102,161
TOTAL IT SERVICES
$2,313,967
LEISURE PRODUCTS − 0.2%
Bandai Namco Holdings, Inc.
5,302
137,380
Roland Corp.
4,438
109,115
Sega Sammy Holdings, Inc.
13,141
205,530
Shimano, Inc.
359
40,897
Spin Master Corp.
3,119
42,628
TOTAL LEISURE PRODUCTS
$535,550
LIFE SCIENCES TOOLS & SERVICES − 0.4%
Agilent Technologies, Inc.
587
78,570
Danaher Corp.
757
165,700
Hangzhou Tigermed Consulting Co. Ltd.,
Class H
4,700
33,210
ICON PLC*
2,933
528,673
Mettler-Toledo International, Inc.*
77
105,739
Thermo Fisher Scientific, Inc.
275
159,118
TOTAL LIFE SCIENCES TOOLS & SERVICES
$1,071,010
MACHINERY − 3.4%
Alfa Laval AB
910
52,858
Amada Co. Ltd.
5,100
65,233
Atlas Copco AB, Class A
13,619
280,942
Atlas Copco AB, Class B
6,674
119,993
Bodycote PLC
3,158
32,215
Daimler Truck Holding AG
3,784
183,721
Deere & Co.
868
458,304
Dover Corp.
521
104,976
Duerr AG
1,906
50,834
Epiroc AB, Class A
23,231
651,224
Fuji Corp.
5,447
134,028
Graco, Inc.
2,607
227,669
Hino Motors Ltd.*
10,992
29,547
IDEX Corp.
1,349
267,844
Kone OYJ, Class B
6,954
499,686
Kubota Corp.
12,170
186,333
MISUMI Group, Inc.
16,097
265,440
Nachi-Fujikoshi Corp.
1,703
53,865
Nordson Corp.
206
56,553
OKUMA Corp.
3,520
87,113
OSG Corp.
11,681
197,262
PACCAR, Inc.
12,031
1,478,730
Parker-Hannifin Corp.
477
446,396
Rational AG
38
30,539
Sandvik AB
11,025
435,307
Sany Heavy Industry Co. Ltd., Class H*
28,360
86,255
Schindler Holding AG
174
64,036
Schindler Holding AG
302
116,495
SKF AB, Class B
6,116
159,706
SMC Corp.
356
138,365
Snap-on, Inc.
198
72,490
Spirax Group PLC
547
54,378
Sumitomo Heavy Industries Ltd.
2,550
79,354
Tadano Ltd.
6,520
47,986
THK Co. Ltd.
4,239
125,888
Tsubakimoto Chain Co.
3,095
47,337
Description
 
Number of
Shares
Value
VAT Group AG
188
$121,888
Weichai Power Co. Ltd., Class H
39,943
136,107
Westinghouse Air Brake Technologies Corp.
2,085
479,842
TOTAL MACHINERY
$8,126,739
MARINE TRANSPORTATION − 0.0%**
Kuehne + Nagel International AG
359
82,987
MEDIA − 0.5%
CyberAgent, Inc.
5,378
48,668
Dentsu Group, Inc.*
4,970
96,102
Hakuhodo DY Holdings, Inc.
9,250
69,034
Havas NV*
4,478
92,614
IPSOS
1,314
55,823
Megacable Holdings SAB de CV
20,133
70,677
Metropole Television SA
2,608
37,344
Nippon Television Holdings, Inc.
2,849
68,372
Omnicom Group, Inc.
4,196
323,260
Publicis Groupe SA
1,699
169,571
RTL Group SA
1,275
55,692
Television Francaise 1 SA
6,012
58,115
TV Asahi Holdings Corp.
3,849
88,789
WPP PLC
18,162
75,003
TOTAL MEDIA
$1,309,064
METALS & MINING − 0.9%
Anglo American PLC
22,401
1,044,634
APERAM SA
782
33,871
ARE Holdings, Inc.
6,666
156,355
Barrick Mining Corp.
2,833
129,494
Dowa Holdings Co. Ltd.
1,435
85,436
Ferrexpo PLC*
49,470
51,446
Maruichi Steel Tube Ltd.
8,401
83,217
Neturen Co. Ltd.
2,905
24,759
Norsk Hydro ASA
2,660
23,842
Outokumpu OYJ
17,599
99,340
Rio Tinto PLC
3,308
304,996
Yamato Kogyo Co. Ltd.
1,420
102,399
Zijin Gold International Co. Ltd.*
800
22,386
TOTAL METALS & MINING
$2,162,175
MULTI-UTILITIES − 1.4%
Dominion Energy, Inc.
6,833
411,142
Engie SA
56,168
1,671,126
National Grid PLC
27,662
467,274
Sempra
10,951
952,847
TOTAL MULTI-UTILITIES
$3,502,389
OFFICE REITS − 0.1%
Derwent London PLC
2,882
75,796
Gecina SA
342
31,397
Nippon Building Fund, Inc.
129
119,614
TOTAL OFFICE REITS
$226,807
OIL, GAS & CONSUMABLE FUELS − 3.0%
BP PLC
49,966
317,105
Chevron Corp.
749
132,498
Coterra Energy, Inc.
43,978
1,268,765
Enbridge, Inc.
7,671
374,466
January 31, 2026 (unaudited)

PORTFOLIO OF INVESTMENTS
7
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
Eni SpA
24,238
$494,912
Equinor ASA
22,185
592,030
Exxon Mobil Corp.
4,162
588,507
OMV AG
1,093
64,844
ONEOK, Inc.
1,582
125,279
Shell PLC
17,024
650,856
Targa Resources Corp.
2,345
471,298
TotalEnergies SE
22,476
1,629,154
Williams Cos., Inc. (The)
8,147
547,967
TOTAL OIL, GAS & CONSUMABLE FUELS
$7,257,681
PAPER & FOREST PRODUCTS − 0.1%
Mondi PLC
7,319
85,528
UPM-Kymmene OYJ
3,918
108,535
TOTAL PAPER & FOREST PRODUCTS
$194,063
PASSENGER AIRLINES − 0.1%
easyJet PLC
23,457
153,361
Japan Airlines Co. Ltd.
3,267
61,737
TOTAL PASSENGER AIRLINES
$215,098
PERSONAL CARE PRODUCTS − 0.8%
Kao Corp.
8,060
322,171
Kenvue, Inc.
1,369
23,821
L'Oreal SA
155
71,103
Natura Cosmeticos SA*
61,753
103,024
Unilever PLC
7,554
510,675
Unilever PLC, ADR
7,464
510,239
Unilever PLC
4,874
330,294
TOTAL PERSONAL CARE PRODUCTS
$1,871,327
PHARMACEUTICALS − 4.7%
Almirall SA
4,619
69,096
Astellas Pharma, Inc.
2,109
29,217
AstraZeneca PLC
9,558
1,778,702
Chugai Pharmaceutical Co. Ltd.
10,686
607,699
Daiichi Sankyo Co. Ltd.
16,834
308,486
Eisai Co. Ltd.
3,199
89,111
Eli Lilly & Co.
774
802,754
Genomma Lab Internacional SAB de CV,
Class B
68,693
65,368
GSK PLC
24,962
640,951
Hikma Pharmaceuticals PLC
4,354
91,095
Jiangsu Hengrui Pharmaceuticals Co. Ltd.,
Class H*
27,482
240,799
Johnson & Johnson
4,095
930,589
Kissei Pharmaceutical Co. Ltd.
473
14,059
Kyowa Kirin Co. Ltd.
3,994
64,635
Merck & Co., Inc.
12,894
1,421,821
Merck KGaA
2,389
355,533
Novartis AG
3,134
464,678
Novo Nordisk A/S, Class B
1,869
109,627
Otsuka Holdings Co. Ltd.
5,207
310,919
Roche Holding AG
2,779
1,260,714
Sanofi SA
6,442
604,773
Shionogi & Co. Ltd.
14,757
302,654
Takeda Pharmaceutical Co. Ltd.
7,574
256,545
Description
 
Number of
Shares
Value
UCB SA
1,691
$511,931
TOTAL PHARMACEUTICALS
$11,331,756
PROFESSIONAL SERVICES − 1.4%
Adecco Group AG*
2,765
80,906
Automatic Data Processing, Inc.
458
113,044
dip Corp.
13,227
175,295
en, Inc.
4,276
39,649
Experian PLC
8,788
331,651
Hays PLC
47,363
30,745
Intertek Group PLC
1,146
70,001
Open Up Group, Inc.
10,167
121,930
Pagegroup PLC
13,119
36,872
Paychex, Inc.
1,234
127,262
Persol Holdings Co. Ltd.
146,594
256,132
Randstad NV
2,415
86,194
Recruit Holdings Co. Ltd.
6,025
315,343
RELX PLC
9,119
321,807
SGS SA
467
56,061
SIGMAXYZ Holdings, Inc.
25,865
130,361
SThree PLC
8,251
21,903
Transcosmos, Inc.
1,720
41,900
TransUnion
13,496
1,066,454
TOTAL PROFESSIONAL SERVICES
$3,423,510
REAL ESTATE MANAGEMENT & DEVELOPMENT − 1.0%
CK Asset Holdings Ltd.
20,715
121,552
Daito Trust Construction Co. Ltd.
8,461
171,396
Daiwa House Industry Co. Ltd.
3,466
117,803
FirstService Corp.
2,758
428,207
Hulic Co. Ltd.
1,384
16,446
KE Holdings, Inc., ADR
4,165
77,969
KE Holdings, Inc., Class A
17,234
110,855
Mitsubishi Estate Co. Ltd.
28,824
733,823
Relo Group, Inc.
9,137
103,438
Sumitomo Realty & Development Co. Ltd.
19,600
543,952
TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT
$2,425,441
RESIDENTIAL REITS − 0.1%
AvalonBay Communities, Inc.
21
3,731
Equity Residential
152
9,472
UDR, Inc.
1,167
43,354
UNITE Group PLC (The)
10,039
77,751
TOTAL RESIDENTIAL REITS
$134,308
RETAIL REITS − 0.3%
Simon Property Group, Inc.
3,369
644,523
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT − 6.4%
Advanced Micro Devices, Inc.*
497
117,655
ams-OSRAM AG*
2,858
29,761
Analog Devices, Inc.
2,247
698,547
ASM Pacific Technology Ltd.
6,210
82,592
ASML Holding NV
871
1,255,034
Broadcom, Inc.
4,918
1,629,333
Disco Corp.
466
199,306
Miraial Co. Ltd.
1,080
8,919
NVIDIA Corp.
29,795
5,694,718
NXP Semiconductors NV
4,743
1,072,582
 January 31, 2026 (unaudited)

8
PORTFOLIO OF INVESTMENTS
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
Optorun Co. Ltd.
9,170
$120,995
QUALCOMM, Inc.
1,749
265,131
Rohm Co. Ltd.
9,443
164,380
Taiwan Semiconductor Manufacturing Co. Ltd.
25,552
1,441,208
Taiwan Semiconductor Manufacturing Co. Ltd.,
ADR
2,486
821,772
Texas Instruments, Inc.
2,355
507,620
Tokyo Electron Ltd.
3,774
1,007,392
Tokyo Seimitsu Co. Ltd.
727
65,532
Ulvac, Inc.
2,864
153,600
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT
$15,336,077
SOFTWARE − 3.6%
AppLovin Corp., Class A*
365
172,685
Autodesk, Inc.*
839
212,158
Cadence Design Systems, Inc.*
735
217,825
Constellation Software, Inc.
470
867,397
Dassault Systemes SE
3,052
84,003
Intuit, Inc.
646
322,302
Lumine Group, Inc.*
899
14,809
Microsoft Corp.
12,473
5,367,007
Nemetschek SE
429
37,605
PTC, Inc.*
3,380
527,719
Roper Technologies, Inc.
413
153,318
Sage Group PLC (The)
6,035
79,062
Sansan, Inc.*
3,453
33,356
SAP SE
825
166,793
Synopsys, Inc.*
689
320,464
Topicus.com, Inc.*
401
29,744
Trend Micro, Inc.*
766
29,945
Tyler Technologies, Inc.*
159
58,735
TOTAL SOFTWARE
$8,694,927
SPECIALIZED REITS − 0.4%
Lamar Advertising Co., Class A
6,420
823,750
Public Storage
629
173,724
TOTAL SPECIALIZED REITS
$997,474
SPECIALTY RETAIL − 1.5%
ABC-Mart, Inc.
6,795
108,735
and ST HD Co. Ltd.
6,496
116,732
Home Depot, Inc. (The)
833
312,033
Industria de Diseno Textil SA
13,713
894,009
Kingfisher PLC
26,833
123,920
Lojas Renner SA
38,751
110,375
Lowe's Cos., Inc.
4,754
1,269,603
O'Reilly Automotive, Inc.*
4,372
430,248
Raizen SA, Preference Shares*
159,700
31,256
Ultrapar Participacoes SA
23,349
112,425
Xebio Holdings Co. Ltd.
3,528
24,552
Zhongsheng Group Holdings Ltd.
83,485
124,499
ZOZO, Inc.
7,312
60,288
TOTAL SPECIALTY RETAIL
$3,718,675
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS − 2.3%
Apple, Inc.
20,156
5,230,079
Canon, Inc.
423
12,805
Dell Technologies, Inc., Class C
701
80,222
Description
 
Number of
Shares
Value
FUJIFILM Holdings Corp.
2,944
$58,724
HP, Inc.
2,990
58,126
Quadient SA
1,937
36,599
TOTAL TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS
$5,476,555
TEXTILES, APPAREL & LUXURY GOODS − 0.4%
Burberry Group PLC*
5,875
88,349
Deckers Outdoor Corp.*
418
49,884
Hermes International SCA
58
139,494
LVMH Moet Hennessy Louis Vuitton SE
164
106,316
Swatch Group AG - BR (The)
609
144,165
Tapestry, Inc.
2,218
281,487
Yue Yuen Industrial Holdings Ltd.
38,447
85,535
TOTAL TEXTILES, APPAREL & LUXURY GOODS
$895,230
TOBACCO − 1.4%
British American Tobacco PLC
27,344
1,637,331
Japan Tobacco, Inc.
6,503
234,513
Philip Morris International, Inc.
8,015
1,438,212
TOTAL TOBACCO
$3,310,056
TRADING COMPANIES & DISTRIBUTORS − 1.7%
AerCap Holdings NV
4,589
659,256
Brenntag SE
1,042
63,486
Bunzl PLC
1,236
34,638
Fastenal Co.
9,038
391,888
Ferguson Enterprises, Inc.
2,477
625,344
ITOCHU Corp.
69,050
879,410
Marubeni Corp.
7,646
252,709
MonotaRO Co. Ltd.
1,058
14,298
Sumitomo Corp.
6,162
248,813
Toyota Tsusho Corp.
2,601
94,218
Travis Perkins PLC
10,541
90,221
WESCO International, Inc.
1,856
537,182
WW Grainger, Inc.
165
178,190
TOTAL TRADING COMPANIES & DISTRIBUTORS
$4,069,653
WATER UTILITIES − 0.2%
Cia de Saneamento Basico do Estado de Sao
Paulo SABESP
22,549
604,742
WIRELESS TELECOMMUNICATION SERVICES − 0.9%
America Movil SAB de CV, Series B
153,333
158,545
Empresa Nacional de Telecomunicaciones SA
6,513
34,956
KDDI Corp.
62,090
1,045,733
MTN Group Ltd.
16,464
184,405
SK Telecom Co. Ltd.
4,080
205,502
SoftBank Corp.
141,315
190,843
T-Mobile US, Inc.
1,121
221,072
VEON Ltd., ADR*
783
42,783
TOTAL WIRELESS TELECOMMUNICATION SERVICES
$2,083,839
TOTAL COMMON STOCKS
(Cost $ 150,904,662)
$226,679,307
EXCHANGE-TRADED FUNDS − 0.2%
EQUITY FUNDS − 0.2%
iShares Core MSCI EAFE ETF
3,161
297,292
Vanguard Russell 1000 Value ETF
2,847
274,679
January 31, 2026 (unaudited)

PORTFOLIO OF INVESTMENTS
9
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
TOTAL EXCHANGE-TRADED FUNDS
(Cost $ 529,013)
$571,971
PREFERRED STOCKS − 0.2%
CONSUMER DISCRETIONARY − 0.1%
Bayerische Motoren Werke AG 4.78%
406
$42,061
Volkswagen AG 6.20%
1,727
210,135
TOTAL CONSUMER DISCRETIONARY
$252,196
CONSUMER STAPLES − 0.1%
Henkel AG & Co. KGaA 2.47%
1,519
133,529
FINANCIALS − 0.0%**
Banco do Estado do Rio Grande do Sul SA
8.57%
20,900
71,364
MATERIALS − 0.0%**
Fuchs SE 3.16%
1,160
50,270
TOTAL PREFERRED STOCKS
(Cost $ 406,163)
$507,359
Description
 
Number of
Shares
Value
WARRANTS − 0.0%**
Constellation Software, Inc., Expire
03/31/40*,(1)
905
$
TOTAL WARRANTS
(Cost $ —)
$
MONEY MARKET FUND − 2.7%
Dreyfus Government Cash Management Fund,
Institutional Shares 3.58%^
6,609,105
6,609,105
TOTAL MONEY MARKET FUND
(Cost $ 6,609,105)
$6,609,105
TOTAL INVESTMENTS – 97.1%
(COST $ 158,448,943)
$234,367,742
OTHER ASSETS LESS LIABILITIES – 2.9%
6,935,938
TOTAL NET ASSETS – 100.0%
$241,303,680
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 January 31, 2026 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
$4,101,127
$
$
$4,101,127
Air Freight & Logistics
2,748,245
2,748,245
Automobile Components
1,941,948
1,941,948
Automobiles
3,502,043
3,502,043
Banks
21,703,736
(a)
21,703,736
Beverages
2,226,391
2,226,391
Biotechnology
3,290,436
3,290,436
Broadline Retail
5,737,109
5,737,109
Building Products
1,832,600
1,832,600
Capital Markets
8,294,428
8,294,428
Chemicals
5,378,399
5,378,399
Commercial Services & Supplies
2,920,193
2,920,193
Communications Equipment
1,812,560
1,812,560
Construction & Engineering
823,961
823,961
Construction Materials
1,374,865
1,374,865
Consumer Finance
745,463
745,463
Consumer Staples Distribution & Retail
2,689,785
2,689,785
Containers & Packaging
691,220
691,220
Distributors
189,784
189,784
Diversified REITs
195,977
195,977
Diversified Telecommunication Services
2,745,137
2,745,137
Electric Utilities
956,050
956,050
Electrical Equipment
2,065,658
2,065,658
Electronic Equipment, Instruments & Components
5,226,697
5,226,697
Entertainment
630,203
630,203
Financial Services
3,342,771
3,342,771
Food Products
2,347,647
2,347,647
 January 31, 2026 (unaudited)

10
PORTFOLIO OF INVESTMENTS
Wilmington Global Alpha Equities Fund (continued)
 
Level 1
Level 2
Level 3
Total
Gas Utilities
$1,738,693
$
$
$1,738,693
Ground Transportation
1,838,953
1,838,953
Health Care Equipment & Supplies
1,817,806
1,817,806
Health Care Providers & Services
4,500,166
4,500,166
Health Care REITs
782,819
782,819
Health Care Technology
87,439
87,439
Hotels, Restaurants & Leisure
3,685,312
3,685,312
Household Durables
1,918,490
1,918,490
Household Products
2,685,181
2,685,181
Industrial Conglomerates
1,447,222
1,447,222
Industrial REITs
155,215
155,215
Insurance
13,528,435
13,528,435
Interactive Media & Services
10,963,520
10,963,520
IT Services
2,313,967
2,313,967
Leisure Products
535,550
535,550
Life Sciences Tools & Services
1,071,010
1,071,010
Machinery
8,126,739
8,126,739
Marine Transportation
82,987
82,987
Media
1,309,064
1,309,064
Metals & Mining
2,162,175
2,162,175
Multi-Utilities
3,502,389
3,502,389
Office REITs
226,807
226,807
Oil, Gas & Consumable Fuels
7,257,681
7,257,681
Paper & Forest Products
194,063
194,063
Passenger Airlines
215,098
215,098
Personal Care Products
1,871,327
1,871,327
Pharmaceuticals
11,331,756
11,331,756
Professional Services
3,423,510
3,423,510
Real Estate Management & Development
2,425,441
2,425,441
Residential REITs
134,308
134,308
Retail REITs
644,523
644,523
Semiconductors & Semiconductor Equipment
15,336,077
15,336,077
Software
8,694,927
8,694,927
Specialized REITs
997,474
997,474
Specialty Retail
3,718,675
3,718,675
Technology Hardware, Storage & Peripherals
5,476,555
5,476,555
Textiles, Apparel & Luxury Goods
895,230
895,230
Tobacco
3,310,056
3,310,056
Trading Companies & Distributors
4,069,653
4,069,653
Water Utilities
604,742
604,742
Wireless Telecommunication Services
2,083,839
2,083,839
Exchange-Traded Funds
571,971
571,971
Preferred Stocks
507,359
507,359
Warrants
(a)
Money Market Fund
6,609,105
6,609,105
Total Investments in Securities
$234,367,742
$
$
$234,367,742
Other Financial Instruments!
Forward Foreign Currency Contracts
$
$51,380
$
$51,380
Financial Futures Contracts
70,641
70,641
Total Assets - Other Financial Instruments
$70,641
$51,380
$
$122,021
Liabilities
Other Financial Instruments!
Forward Foreign Currency Contracts
$
$(546,265
)
$
$(546,265
)
January 31, 2026 (unaudited)

PORTFOLIO OF INVESTMENTS
11
Wilmington Global Alpha Equities Fund (continued)
 
Level 1
Level 2
Level 3
Total
Financial Futures Contracts
$(3,640,122
)
$
$
$(3,640,122
)
Total Liabilities - Other Financial Instruments
$(3,640,122
)
$(546,265
)
$
$(4,186,387
)
(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 semi-annual or annual financial statements.

*
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
CHF
Swiss Franc
EAFE
Europe, Australasia and Far East
ETF
Exchange-Traded Fund
EUR
Euro
FTSE
Financial Times Stock Exchange
GBP
British Pound Sterling
HKD
Hong Kong Dollar
HSCE
Hang Seng China Enterprises
JPY
Japanese Yen
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
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 January 31, 2026, the sector classifications of the Fund’s investments were as follows:
 
% of Net Assets
United States
45.6%
Japan
13.5%
United Kingdom
5.7%
France
4.1%
China
3.5%
Netherlands
2.5%
Canada
2.2%
Germany
2.1%
Hong Kong
1.8%
 January 31, 2026 (unaudited)

12
PORTFOLIO OF INVESTMENTS
Wilmington Global Alpha Equities Fund (concluded)
 
% of Net Assets
Italy
1.6%
Switzerland
1.2%
Sweden
1.0%
Taiwan
1.0%
Other Countries
8.6%
Other
5.6%
 
100.0%
At January 31, 2026, 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
 
 
3/18/2026
UBS Securities LLC
390,000 CHF
$493,293
$507,152
$
$(13,859
)
3/18/2026
Wells Fargo Securities LLC
140,600,000 JPY
919,293
912,138
7,155
3/18/2026
Standard Chartered PLC
3,092,600,000 JPY
19,987,545
20,063,149
(75,604
)
3/18/2026
HSBC Securities, Inc.
56,390,000 HKD
7,265,183
7,229,978
35,205
3/18/2026
UBS Securities LLC
8,770,000 GBP
11,711,054
11,999,661
(288,607
)
3/18/2026
Deutsche Bank AG
10,555,000 EUR
12,408,579
12,540,269
(131,690
)
3/18/2026
UBS Securities LLC
1,110,000 EUR
1,327,798
1,318,778
9,020
3/18/2026
Deutsche Bank AG
5,030,000 CAD
3,664,844
3,701,349
(36,505
)
UNREALIZED APPRECIATION (DEPRECIATION) ON FORWARD
FOREIGN CURRENCY CONTRACTS
 
$51,380
$(546,265
)
At January 31, 2026, 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
March 2026
22
$3,310,629
$3,380,675
$70,046
$
SHORT POSITIONS:
 
 
EXCHANGE-TRADED:
 
 
E-mini Russell 2000 Index
March 2026
49
6,305,058
6,430,270
(125,212
)
E-mini S&P 500 Index
March 2026
75
25,834,810
26,121,563
(286,753
)
E-Mini S&P Mid 400 Index
March 2026
8
2,701,442
2,758,000
(56,558
)
Euro STOXX 50 Index
March 2026
171
11,682,004
12,062,371
(380,367
)
FTSE 100 Index
March 2026
83
11,110,664
11,572,526
(461,862
)
HSCE Index
February 2026
87
5,111,494
5,206,903
(95,409
)
MSCI EAFE Index
March 2026
175
25,373,010
26,572,000
(1,198,990
)
S&P TSX 60 Index
March 2026
13
3,538,229
3,537,634
595
TOPIX Index
March 2026
83
18,148,991
19,183,962
(1,034,971
)
UNREALIZED APPRECIATION (DEPRECIATION)
ON FINANCIAL FUTURES CONTRACTS
 
$70,641
$(3,640,122
)
For additional information about significant accounting policies, refer to the Fund’s most recent semi-annual or annual financial statements.
January 31, 2026 (unaudited)