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This annual shareholder report contains important information about the Wilmington U.S. Government Money Market Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington U.S. Government Money Market Fund<br/>(Administrative Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>61</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.60<span>%</span></td> </tr> </table> 61 0.0060 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>10,904,821,079</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">58</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>10,546,781</td> </tr> </table> 10904821079 58 10546781 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Repurchase Agreements</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">40.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">37.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Government Agency Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">21.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.0<span>%</span></td> </tr> </table> 0.403 0.373 0.214 0.010 Wilmington U.S. GovernmentMoney Market Fund Institutional Class WGOXX This annual shareholder report contains important information about the Wilmington U.S. Government Money Market Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington U.S. Government Money Market Fund<br/>(Institutional Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>25</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.25<span>%</span></td> </tr> </table> 25 0.0025 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>10,904,821,079</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">58</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>10,546,781</td> </tr> </table> 10904821079 58 10546781 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Repurchase Agreements</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">40.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">37.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Government Agency Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">21.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.0<span>%</span></td> </tr> </table> 0.403 0.373 0.214 0.010 Wilmington U.S. GovernmentMoney Market Fund Select Class WGEXX This annual shareholder report contains important information about the Wilmington U.S. Government Money Market Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington U.S. Government Money Market Fund<br/>(Select Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>33</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.32<span>%</span></td> </tr> </table> 33 0.0032 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>10,904,821,079</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">58</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>10,546,781</td> </tr> </table> 10904821079 58 10546781 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Repurchase Agreements</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">40.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">37.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Government Agency Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">21.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.0<span>%</span></td> </tr> </table> 0.403 0.373 0.214 0.010 Wilmington U.S. GovernmentMoney Market Fund Service Class WGSXX This annual shareholder report contains important information about the Wilmington U.S. Government Money Market Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington U.S. Government Money Market Fund<br/>(Service Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>65</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.64<span>%</span></td> </tr> </table> 65 0.0064 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>10,904,821,079</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">58</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>10,546,781</td> </tr> </table> 10904821079 58 10546781 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div><div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div><div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Repurchase Agreements</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">40.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">37.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Government Agency Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">21.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.0<span>%</span></td> </tr> </table> 0.403 0.373 0.214 0.010 Wilmington U.S. GovernmentMoney Market Fund Preferred Institutional Class WGQXX This annual shareholder report contains important information about the Wilmington U.S. Government Money Market Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington U.S. Government Money Market Fund<br/>(Preferred Institutional Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>16</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.16<span>%</span></td> </tr> </table> 16 0.0016 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>10,904,821,079</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">58</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>10,546,781</td> </tr> </table> 10904821079 58 10546781 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Repurchase Agreements</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">40.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">37.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Government Agency Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">21.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.0<span>%</span></td> </tr> </table> 0.403 0.373 0.214 0.010 Wilmington U.S. TreasuryMoney Market Fund Administrative Class WTAXX This annual shareholder report contains important information about the Wilmington U.S. Treasury Money Market Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington U.S. Treasury Money Market Fund<br/>(Administrative Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>61</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.60<span>%</span></td> </tr> </table> 61 0.0060 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,310,025,037</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">26</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,091,034</td> </tr> </table> 2310025037 26 2091034 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">58.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Repurchase Agreements</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">40.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.0<span>%</span></td> </tr> </table> 0.588 0.402 0.010 Wilmington U.S. TreasuryMoney Market Fund Institutional Class WTIXX This annual shareholder report contains important information about the Wilmington U.S. Treasury Money Market Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington U.S. Treasury Money Market Fund<br/>(Institutional Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>25</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.25<span>%</span></td> </tr> </table> 25 0.0025 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,310,025,037</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">26</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,091,034</td> </tr> </table> 2310025037 26 2091034 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">58.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Repurchase Agreements</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">40.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.0<span>%</span></td> </tr> </table> 0.588 0.402 0.010 Wilmington U.S. TreasuryMoney Market Fund Select Class WTEXX This annual shareholder report contains important information about the Wilmington U.S. Treasury Money Market Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington U.S. Treasury Money Market Fund<br/>(Select Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>33</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.32<span>%</span></td> </tr> </table> 33 0.0032 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,310,025,037</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">26</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,091,034</td> </tr> </table> 2310025037 26 2091034 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">58.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Repurchase Agreements</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">40.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.0<span>%</span></td> </tr> </table> 0.588 0.402 0.010 Wilmington U.S. TreasuryMoney Market Fund Service Class WTSXX This annual shareholder report contains important information about the Wilmington U.S. Treasury Money Market Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington U.S. Treasury Money Market Fund<br/>(Service Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>47</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.46<span>%</span></td> </tr> </table> 47 0.0046 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,310,025,037</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">26</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,091,034</td> </tr> </table> 2310025037 26 2091034 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">58.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Repurchase Agreements</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">40.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.0<span>%</span></td> </tr> </table> 0.588 0.402 0.010 Wilmington U.S. TreasuryMoney Market Fund Preferred Institutional Class WTQXX This annual shareholder report contains important information about the Wilmington U.S. Treasury Money Market Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington U.S. Treasury Money Market Fund<br/>(Preferred Institutional Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>16</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.16<span>%</span></td> </tr> </table> 16 0.0016 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,310,025,037</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">26</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,091,034</td> </tr> </table> 2310025037 26 2091034 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">58.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Repurchase Agreements</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">40.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.0<span>%</span></td> </tr> </table> 0.588 0.402 0.010 Wilmington Broad Market Bond Fund Class A WABMX This annual shareholder report contains important information about the Wilmington Broad Market Bond Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">This report describes changes to the Fund that occurred during the reporting period.</div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington Broad Market Bond Fund<br/>(Class A)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>63</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.62<span>%</span></td> </tr> </table> 63 0.0062 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s A shares (excluding sales load) returned 3.32%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the same period, the Bloomberg U.S. Aggregate Bond Index (the “Index”) returned 4.06%.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund’s increased allocation to corporate securities as well as a slight overweight allocation to agency mortgage-backed securities contributed positively towards our relative performance for the annual period.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund’s slightly lower average corporate maturity profile versus the Index detracted from relative performance as 20+ year corporates outperformed over the annual period.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $10,000 in Class A of the Wilmington Broad Market Bond Fund, assuming the maximum sales load of 4.5%, from April 30, 2016 to April 30, 2026, compared to the Bloomberg U.S. Aggregate Bond Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $10,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11840884.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Broad Market Bond Fund — Class A (including 4.5% maximum sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">(1.32<span>)</span><span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">(1.01<span>)</span><span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.81<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Broad Market Bond Fund — Class A (excluding sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.32<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">(0.10<span>)</span><span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.28<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Bloomberg U.S. Aggregate Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.06<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.18<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.67<span>%</span></td> </tr> </table> Wilmington Broad Market Bond Fund — Class A (including 4.5% maximum sales load) -0.0132 -0.0101 0.0081 Wilmington Broad Market Bond Fund — Class A (excluding sales load) 0.0332 -0.0010 0.0128 Bloomberg U.S. Aggregate Bond Index 0.0406 0.0018 0.0167 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visit www.wilmingtonfunds.com . <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>698,938,724</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">426</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,226,420</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">26<span>%</span></td> </tr> </table> 698938724 426 2226420 0.26 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Corporate Bonds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">37.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">33.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Mortgage-Backed Securities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">27.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Cash Collateral Invested for Securities on Loan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Government Agencies</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.8<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>CREDIT QUALITY DIVERSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Government Agency Securities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">27.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">33.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">AA / Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">BBB / Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">24.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">BB / Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> </table> <table style="border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; width: auto; margin-top: 6pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; width: 10pt; font-size: 8pt; margin-bottom: 0; padding: 0;"></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; font-size: 8pt; margin-bottom: 0; padding: 0;"> <div style="font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 8pt; padding: 0px; margin: 0px;">The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated as “Not Rated” are not rated by either rating agency and do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> </table> 0.370 0.338 0.270 0.014 0.008 0.270 0.338 0.014 0.111 0.245 0.008 0.014 The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated as “Not Rated” are not rated by either rating agency and do not necessarily indicate low credit quality. Credit quality ratings are subject to change. The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. Wilmington Broad Market Bond Fund Class I WIBMX This annual shareholder report contains important information about the Wilmington Broad Market Bond Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">This report describes changes to the Fund that occurred during the reporting period.</div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington Broad Market Bond Fund<br/>(Class I)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>44</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.43<span>%</span></td> </tr> </table> 44 0.0043 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund's Class I shares returned 3.60%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the same period, the Bloomberg U.S. Aggregate Bond Index (the “Index”) returned 4.06%.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund’s increased allocation to corporate securities as well as a slight overweight allocation to agency mortgage-backed securities contributed positively towards our relative performance for the annual period.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund’s slightly lower average corporate maturity profile versus the Index detracted from relative performance as 20+ year corporates outperformed over the annual period.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $100,000 in Class I of the Wilmington Broad Market Bond Fund from April 30, 2016 to April 30, 2026, compared to the Bloomberg U.S. Aggregate Bond Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $100,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11840921.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 539pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Broad Market Bond Fund — Class I</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.60<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.21<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.60<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Bloomberg U.S. Aggregate Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.06<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.18<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.67<span>%</span></td> </tr> </table> Wilmington Broad Market Bond Fund — Class I 0.0360 0.0021 0.0160 Bloomberg U.S. Aggregate Bond Index 0.0406 0.0018 0.0167 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visit www.wilmingtonfunds.com . <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>698,938,724</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">426</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,226,420</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">26<span>%</span></td> </tr> </table> 698938724 426 2226420 0.26 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Corporate Bonds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">37.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">33.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Mortgage-Backed Securities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">27.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Cash Collateral Invested for Securities on Loan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Government Agencies</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.8<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>CREDIT QUALITY DIVERSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Government Agency Securities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">27.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">U.S. Treasury Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">33.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">AA / Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">BBB / Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">24.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">BB / Ba</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> </table> <table style="border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; width: auto; margin-top: 6pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; width: 10pt; font-size: 8pt; margin-bottom: 0; padding: 0;"></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; font-size: 8pt; margin-bottom: 0; padding: 0;"> <div style="font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 8pt; padding: 0px; margin: 0px;">The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated as “Not Rated” are not rated by either rating agency and do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> </table> 0.370 0.338 0.270 0.014 0.008 0.270 0.338 0.014 0.111 0.245 0.008 0.014 The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated as “Not Rated” are not rated by either rating agency and do not necessarily indicate low credit quality. Credit quality ratings are subject to change. The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. Wilmington Municipal Bond Fund Class A WTABX This annual shareholder report contains important information about the Wilmington Municipal Bond Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">This report describes changes to the Fund that occurred during the reporting period.</div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div><div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington Municipal Bond Fund<br/>(Class A)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>74</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.72<span>%</span></td> </tr> </table> 74 0.0072 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s Class A shares (excluding sales load) returned 5.26%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the same period, the S&amp;P Intermediate Municipal Bond Index (the “Index”) returned 6.09%.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund’s allocation to State-level General Obligation and Airport securities as well as a slight overweight to index duration contributed positively towards our relative performance for the annual period.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund’s allocation to Higher Education securities contributed negatively towards our relative performance for the annual period.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $10,000 in Class A of the Wilmington Municipal Bond Fund, assuming the maximum sales load of 4.5%, from April 30, 2016 to April 30, 2026, compared to the Standard &amp; Poor's Municipal Bond Index (broad-based securities market index), Standard &amp; Poor’s Intermediate Municipal Bond Index and Standard &amp; Poor’s Investment Grade Intermediate Municipal Bond Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $10,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11840366.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Municipal Bond Fund — Class A (including 4.5% maximum sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.53<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">(0.33<span>)</span><span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.92<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Municipal Bond Fund — Class A (excluding sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.26<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.58<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.39<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Standard &amp; Poor's Municipal Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.99<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.93<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Standard &amp; Poor’s Intermediate Municipal Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.09<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.22<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.21<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Standard &amp; Poor’s Investment Grade Intermediate Municipal Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.12<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.16<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.14<span>%</span></td> </tr> </table> Wilmington Municipal Bond Fund — Class A (including 4.5% maximum sales load) 0.0053 -0.0033 0.0092 Wilmington Municipal Bond Fund — Class A (excluding sales load) 0.0526 0.0058 0.0139 Standard & Poor's Municipal Bond Index 0.0599 0.0093 0.0213 Standard & Poor’s Intermediate Municipal Bond Index 0.0609 0.0122 0.0221 Standard & Poor’s Investment Grade Intermediate Municipal Bond Index 0.0612 0.0116 0.0214 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visitwww.wilmingtonfunds.com. <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>365,925,155</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">202</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>1,147,843</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">12<span>%</span></td> </tr> </table> 365925155 202 1147843 0.12 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">General</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">22.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">General Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Medical</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Airport</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Transportation</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Higher Education</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Power</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">School District</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Water</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Education</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Student Loan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Development</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Tobacco Settlement</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.3<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>CREDIT QUALITY DIVERSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">AAA / Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">AA / Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">28.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">47.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">BBB / Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.8<span>%</span></td> </tr> </table> <table style="border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; width: auto; margin-top: 6pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; width: 10pt; font-size: 8pt; margin-bottom: 0; padding: 0;"></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; font-size: 8pt; margin-bottom: 0; padding: 0;"> <div style="font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 8pt; padding: 0px; margin: 0px;">The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated as “Not Rated” are not rated by either rating agency and do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> </table> 0.221 0.130 0.129 0.120 0.087 0.073 0.068 0.064 0.037 0.028 0.017 0.012 0.008 0.003 0.003 0.094 0.284 0.478 0.116 0.028 The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated as “Not Rated” are not rated by either rating agency and do not necessarily indicate low credit quality. Credit quality ratings are subject to change. The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. Wilmington Municipal Bond Fund Class I WTAIX This annual shareholder report contains important information about the Wilmington Municipal Bond Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">This report describes changes to the Fund that occurred during the reporting period.</div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington Municipal Bond Fund<br/>(Class I)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>48</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.47<span>%</span></td> </tr> </table> 48 0.0047 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s Class I shares returned 5.62%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the same period, the S&amp;P Intermediate Municipal Bond Index (the “Index”) returned 6.09%.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund’s allocation to State-level General Obligation and Airport securities as well as a slight overweight to index duration contributed positively towards our relative performance for the annual period.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund’s allocation to Higher Education securities contributed negatively towards our relative performance for the annual period.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $100,000 in Class I of the Wilmington Municipal Bond Fund from April 30, 2016 to April 30, 2026, compared to the Standard &amp; Poor's Municipal Bond Index (broad-based securities market index), Standard &amp; Poor’s Intermediate Municipal Bond Index and Standard &amp; Poor’s Investment Grade Intermediate Municipal Bond Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $100,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11840403.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 539pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Municipal Bond Fund — Class I</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.62<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.84<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.65<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Standard &amp; Poor's Municipal Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.99<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.93<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Standard &amp; Poor’s Intermediate Municipal Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.09<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.22<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.21<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Standard &amp; Poor’s Investment Grade Intermediate Municipal Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.12<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.16<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.14<span>%</span></td> </tr> </table> Wilmington Municipal Bond Fund — Class I 0.0562 0.0084 0.0165 Standard & Poor's Municipal Bond Index 0.0599 0.0093 0.0213 Standard & Poor’s Intermediate Municipal Bond Index 0.0609 0.0122 0.0221 Standard & Poor’s Investment Grade Intermediate Municipal Bond Index 0.0612 0.0116 0.0214 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visit www.wilmingtonfunds.com . <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>365,925,155</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">202</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>1,147,843</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">12<span>%</span></td> </tr> </table> 365925155 202 1147843 0.12 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">General</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">22.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">General Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Medical</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Airport</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Transportation</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Higher Education</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Power</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">School District</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Water</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Education</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Student Loan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Development</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Tobacco Settlement</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.3<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>CREDIT QUALITY DIVERSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">AAA / Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">AA / Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">28.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">47.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">BBB / Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.8<span>%</span></td> </tr> </table> <table style="border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; width: auto; margin-top: 6pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; width: 10pt; font-size: 8pt; margin-bottom: 0; padding: 0;"></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; font-size: 8pt; margin-bottom: 0; padding: 0;"> <div style="font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 8pt; padding: 0px; margin: 0px;">The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated as “Not Rated” are not rated by either rating agency and do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> </table> 0.221 0.130 0.129 0.120 0.087 0.073 0.068 0.064 0.037 0.028 0.017 0.012 0.008 0.003 0.003 0.094 0.284 0.478 0.116 0.028 <table style="border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; width: auto; margin-top: 6pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; width: 10pt; font-size: 8pt; margin-bottom: 0; padding: 0;"></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; font-size: 8pt; margin-bottom: 0; padding: 0;"> <div style="font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 8pt; padding: 0px; margin: 0px;">The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated as “Not Rated” are not rated by either rating agency and do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> </table> The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. Wilmington New YorkMunicipal Bond Fund Class A WNYAX This annual shareholder report contains important information about the Wilmington New York Municipal Bond Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">This report describes changes to the Fund that occurred during the reporting period.</div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington New York Municipal Bond Fund<br/>(Class A)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>83</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.81<span>%</span></td> </tr> </table> 83 0.0081 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s Class A shares (excluding sales load) returned 4.98%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the same period, the S&amp;P Intermediate Municipal Bond Index (the “Index”) returned 6.09%.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund’s allocation to IDR/PCR and Port securities contributed positively towards our relative performance for the annual period.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund’s allocation to Higher Education securities contributed negatively towards our relative performance for the annual period.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $10,000 in Class A of the Wilmington New York Municipal Bond Fund, assuming the maximum sales load of 4.5%, from April 30, 2016 to April 30, 2026, compared to the Standard &amp; Poor’s Municipal Bond Index (broad-based securities market index), Standard &amp; Poor’s Intermediate Municipal Bond Index and Standard &amp; Poor’s Intermediate Term New York AMT-Free Municipal Bond Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $10,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11841180.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington New York Municipal Bond Fund — Class A (including 4.5% maximum sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.22<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">(0.54<span>)</span><span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.69<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington New York Municipal Bond Fund — Class A (excluding sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.98<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.38<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.15<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;"><span><span><span><span><span>Standard &amp; Poor's Municipal Bond Index</span></span></span></span></span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.99<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.93<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Standard &amp; Poor’s Intermediate Municipal Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.09<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.22<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.21<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Standard &amp; Poor’s Intermediate Term New York AMT-Free Municipal Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.96<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.43<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.00<span>%</span></td> </tr> </table> Wilmington New York Municipal Bond Fund — Class A (including 4.5% maximum sales load) 0.0022 -0.0054 0.0069 Wilmington New York Municipal Bond Fund — Class A (excluding sales load) 0.0498 0.0038 0.0115 Standard & Poor's Municipal Bond Index 0.0599 0.0093 0.0213 Standard & Poor’s Intermediate Municipal Bond Index 0.0609 0.0122 0.0221 Standard & Poor’s Intermediate Term New York AMT-Free Municipal Bond Index 0.0596 0.0143 0.0200 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visitwww.wilmingtonfunds.com. <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>42,855,527</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">58</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>-</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">8<span>%</span></td> </tr> </table> 42855527 58 0 0.08 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">General</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">21.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">General Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">17.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Higher Education</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Education</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Airport</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Medical</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">School District</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Transportation</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Development</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Water</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Power</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>CREDIT QUALITY DIVERSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">AAA / Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">AA / Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">50.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">24.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">BBB / Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">17.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> </table> <table style="border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; width: auto; margin-top: 6pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; width: 10pt; font-size: 8pt; margin-bottom: 0; padding: 0;"></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; font-size: 8pt; margin-bottom: 0; padding: 0;"> <div style="font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 8pt; padding: 0px; margin: 0px;">The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated as “Not Rated” are not rated by either rating agency and do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> </table> 0.216 0.176 0.107 0.106 0.077 0.066 0.060 0.043 0.043 0.038 0.029 0.025 0.014 0.066 0.501 0.242 0.177 0.014 <table style="border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; width: auto; margin-top: 6pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; width: 10pt; font-size: 8pt; margin-bottom: 0; padding: 0;"></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; font-size: 8pt; margin-bottom: 0; padding: 0;"> <div style="font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 8pt; padding: 0px; margin: 0px;">The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated as “Not Rated” are not rated by either rating agency and do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> </table> The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. Wilmington New YorkMunicipal Bond Fund Class I WNYIX This annual shareholder report contains important information about the Wilmington New York Municipal Bond Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">This report describes changes to the Fund that occurred during the reporting period.</div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington New York Municipal Bond Fund<br/>(Class I)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>57</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.56<span>%</span></td> </tr> </table> 57 0.0056 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s Class I shares returned 5.25%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the same period, the S&amp;P Intermediate Municipal Bond Index (the “Index”) returned 6.09%.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund’s allocation to IDR/PCR and Port securities contributed positively towards our relative performance for the annual period.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund’s allocation to Higher Education securities contributed negatively towards our relative performance for the annual period.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $100,000 in Class I of the Wilmington New York Municipal Bond Fund from April 30, 2016 to April 30, 2026, compared to the Standard &amp; Poor’s Municipal Bond Index (broad-based securities market index), Standard &amp; Poor’s Intermediate Municipal Bond Index and Standard &amp; Poor’s Intermediate Term New York AMT-Free Municipal Bond Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $100,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11841143.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 539pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington New York Municipal Bond Fund — Class I</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.25<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.63<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.40<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;"><span>Standard &amp; Poor's Municipal Bond Index</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.99<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.93<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.13<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Standard &amp; Poor’s Intermediate Municipal Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.09<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.22<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.21<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Standard &amp; Poor’s Intermediate Term New York AMT-Free Municipal Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.96<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.43<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.00<span>%</span></td> </tr> </table> Wilmington New York Municipal Bond Fund — Class I 0.0525 0.0063 0.0140 Standard & Poor's Municipal Bond Index 0.0599 0.0093 0.0213 Standard & Poor’s Intermediate Municipal Bond Index 0.0609 0.0122 0.0221 Standard & Poor’s Intermediate Term New York AMT-Free Municipal Bond Index 0.0596 0.0143 0.0200 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visitwww.wilmingtonfunds.com. <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>42,855,527</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">58</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>-</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">8<span>%</span></td> </tr> </table> 42855527 58 0 0.08 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">General</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">21.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">General Obligations</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">17.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Higher Education</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Education</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Airport</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Medical</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">School District</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Transportation</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Development</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Water</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Power</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>CREDIT QUALITY DIVERSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">AAA / Aaa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">AA / Aa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">50.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">A</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">24.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">BBB / Baa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">17.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Not Rated</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> </table> <table style="border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; width: auto; margin-top: 6pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; width: 10pt; font-size: 8pt; margin-bottom: 0; padding: 0;"></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; font-size: 8pt; margin-bottom: 0; padding: 0;"> <div style="font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 8pt; padding: 0px; margin: 0px;">The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated as “Not Rated” are not rated by either rating agency and do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> </table> 0.216 0.176 0.107 0.106 0.077 0.066 0.060 0.043 0.043 0.038 0.029 0.025 0.014 0.066 0.501 0.242 0.177 0.014 <table style="border-collapse: collapse; page-break-inside: avoid; break-inside: avoid; width: auto; margin-top: 6pt;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; width: 10pt; font-size: 8pt; margin-bottom: 0; padding: 0;"></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: top; font-size: 8pt; margin-bottom: 0; padding: 0;"> <div style="font-weight: 400; color: rgb(0, 0, 0); font-family: 'arial'; font-size: 8pt; padding: 0px; margin: 0px;">The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated as “Not Rated” are not rated by either rating agency and do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</div> </td> </tr> </table> The Credit Quality Diversification table reflects the lowest rating assigned by either Moody’s Investors Service or Standard and Poor’s if the ratings differ. Wilmington Enhanced DividendIncome Strategy Fund Class A WDIAX This annual shareholder report contains important information about the Wilmington Enhanced Dividend Income Strategy Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div><div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington Enhanced Dividend Income Strategy Fund<br/>(Class A)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>86</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.75<span>%</span></td> </tr> </table> 86 0.0075 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s Class A shares (excluding sales load) returned 30.37%. The fund posted similar returns to its index.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">U.S. Equities posted strong returns as underlying economic growth remained robust.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The U.S. Federal Reserve (the “Fed”) lowered its target fed-funds rate, albeit modestly, as it balanced the potential for slowing economy against the possibility of lingering inflation.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">Higher dividend yielding stocks lagged with investors favoring pro-cyclical areas of the market.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">Stock selection was the biggest positive contributor to relative performance. Individual stock selection within the Financials sector accounted for the majority of the positive impact. Morgan Stanley (MS), Bank of America (BAC), and JPMorgan (JPM) appreciated during the period as the prospects for reduced regulation along with the expectation for a lower rate environment boosted returns.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The biggest individual factor detractor was dividend yield. Dividend yield is the Fund’s largest active factor exposure. Given the income focus of the Fund, we would expect to maintain an overweight allocation to the dividend yield factor. Holdings within the Communications Services sector also negatively impacted relative performance.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $10,000 in Class A of the Wilmington Enhanced Dividend Income Strategy Fund, assuming the maximum sales load of 5.5%, from April 30, 2016 to April 30, 2026, compared to the Russell 1000<sup style="font-size: smaller; vertical-align: super;">®</sup> Index (broad-based securities market index) and Russell 1000<sup style="font-size: smaller; vertical-align: super;">®</sup> Value Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $10,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11840958.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Enhanced Dividend Income Strategy Fund — Class A (including 5.5% maximum sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">23.21<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.21<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.34<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Enhanced Dividend Income Strategy Fund — Class A (excluding sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">30.37<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.45<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.96<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Russell 1000<sup style="font-size: smaller; vertical-align: super;">®</sup> Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">30.42<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.32<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">15.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Russell 1000<sup style="font-size: smaller; vertical-align: super;">®</sup> Value Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">29.25<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.29<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.22<span>%</span></td> </tr> </table> Wilmington Enhanced Dividend Income Strategy Fund — Class A (including 5.5% maximum sales load) 0.2321 0.0921 0.0834 Wilmington Enhanced Dividend Income Strategy Fund — Class A (excluding sales load) 0.3037 0.1045 0.0896 Russell 1000® Index 0.3042 0.1232 0.1501 Russell 1000® Value Index 0.2925 0.1029 0.1122 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visitwww.wilmingtonfunds.com. <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>93,738,371</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">46</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>41,015</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">12<span>%</span></td> </tr> </table> 93738371 46 41015 0.12 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Common Stocks</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">98.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.1<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>SECTOR CLASSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Financials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">22.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Information Technology</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">15.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Health Care</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Industrials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Energy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Staples</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Communication Services</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Discretionary</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Materials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> </table> 0.989 0.011 0.225 0.151 0.135 0.112 0.094 0.073 0.059 0.047 0.041 0.037 0.015 Wilmington Enhanced DividendIncome Strategy Fund Class I WDIIX This annual shareholder report contains important information about the Wilmington Enhanced Dividend Income Strategy Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington Enhanced Dividend Income Strategy Fund<br/>(Class I)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>58</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.50<span>%</span></td> </tr> </table> 58 0.0050 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s Class I shares returned 30.68%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">U.S. Equities posted strong returns as underlying economic growth remained robust.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The U.S. Federal Reserve (the “Fed”) lowered its target fed-funds rate, albeit modestly, as it balanced the potential for slowing economy against the possibility of lingering inflation.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">Higher dividend yielding stocks lagged with investors favoring pro-cyclical areas of the market.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">Stock selection was the biggest positive contributor to relative performance. Individual stock selection within the Financials sector accounted for the majority of the positive impact. Morgan Stanley (MS), Bank of America (BAC), and JPMorgan (JPM) appreciated during the period as the prospects for reduced regulation along with the expectation for a lower rate environment boosted returns.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The biggest individual factor detractor was dividend yield. Dividend yield is the Fund’s largest active factor exposure. Given the income focus of the Fund, we would expect to maintain an overweight allocation to the dividend yield factor. Holdings within the Communications Services sector also negatively impacted relative performance.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $100,000 in Class I of the Wilmington Enhanced Dividend Income Strategy Fund from April 30, 2016 to April 30, 2026, compared to the Russell 1000<sup style="font-size: smaller; vertical-align: super;">®</sup> Index (broad-based securities market index) and Russell 1000<sup style="font-size: smaller; vertical-align: super;">®</sup> Value Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $100,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11840995.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 539pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Enhanced Dividend Income Strategy Fund — Class I</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">30.68<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.73<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.22<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Russell 1000<sup style="font-size: smaller; vertical-align: super;">®</sup> Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">30.42<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.32<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">15.01<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Russell 1000<sup style="font-size: smaller; vertical-align: super;">®</sup> Value Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">29.25<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.29<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.22<span>%</span></td> </tr> </table> Wilmington Enhanced Dividend Income Strategy Fund — Class I 0.3068 0.1073 0.0922 Russell 1000® Index 0.3042 0.1232 0.1501 Russell 1000® Value Index 0.2925 0.1029 0.1122 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visitwww.wilmingtonfunds.com. <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>93,738,371</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">46</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>41,015</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">12<span>%</span></td> </tr> </table> 93738371 46 41015 0.12 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Common Stocks</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">98.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.1<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>SECTOR CLASSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Financials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">22.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Information Technology</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">15.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Health Care</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Industrials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">11.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Energy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Staples</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Communication Services</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Discretionary</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Materials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> </table> 0.989 0.011 0.225 0.151 0.135 0.112 0.094 0.073 0.059 0.047 0.041 0.037 0.015 Wilmington Large-Cap Strategy Fund Class I WMLIX This annual shareholder report contains important information about the Wilmington Large-Cap Strategy Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington Large-Cap Strategy Fund<br/>(Class I)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>29</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.25<span>%</span></td> </tr> </table> 29 0.0025 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund's Class I shares returned 30.12%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the same period, the Russell 1000 Index (the “Index”) returned 30.42%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">During the same period the Fund maintained sector weightings in line with the benchmark Index resulting in similar performance.</div> </li> </ul> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The Fund ended the annual fiscal year up, led by the following sectors: technology, communication services and industrials. <span style="white-space: nowrap;"> </span>Real estate, consumer staples, and utilities were the worst performing sectors indicating weaker defense sectors. The Artificial Intelligence (AI) theme continued to play out as technology was the best performing sector over this period. AI positivity permeated into strong performance in communication services and industrial companies that benefit from the buildout of AI data center capacity. <span style="white-space: nowrap;"> </span>Overall, uncertainty in the equity market from the Iran conflict had a subdued effect on markets as the growth acceleration in AI spend overshadowed the potential dampening effects of high oil prices.</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 14pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $100,000 in Class I of the Wilmington Large-Cap Strategy Fund from April 30, 2016 to April 30, 2026, compared to the Russell 1000<sup style="font-size: smaller; vertical-align: super;">®</sup> Index<span style="white-space: nowrap;"> </span>(broad-based securities market index).</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $100,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11841106.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 539pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Large-Cap Strategy Fund — Class I</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">30.12<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.10<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">14.91<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Russell 1000<sup style="font-size: smaller; vertical-align: super;">®</sup> Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">30.42<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.32<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">15.01<span>%</span></td> </tr> </table> Wilmington Large-Cap Strategy Fund — Class I 0.3012 0.1210 0.1491 Russell 1000® Index 0.3042 0.1232 0.1501 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>614,089,137</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">1,020</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>806,759</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">7<span>%</span></td> </tr> </table> 614089137 1020 806759 0.07 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Common Stocks</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">99.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Cash Collateral Invested for Securities on Loan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Investment Companies</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.1<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>SECTOR CLASSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Information Technology</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">33.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Financials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Communication Services</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Discretionary</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Industrials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Health Care</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Staples</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Energy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Materials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.1<span>%</span></td> </tr> </table> 0.992 0.007 0.001 0.330 0.123 0.107 0.101 0.098 0.085 0.047 0.035 0.023 0.022 0.021 Wilmington International Fund Class A WINAX This annual shareholder report contains important information about the Wilmington International Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">This report describes changes to the Fund that occurred during the reporting period.</div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington International Fund<br/>(Class A)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>126</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">1.08<span>%</span></td> </tr> </table> 126 0.0108 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s Class A shares (excluding sales load) returned 32.64%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The Wilmington International Fund had positive performance and outperformed the benchmark, the MSCI All Country World ex-US Index, during the year.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The portfolio’s European growth manager and Emerging Markets manager outperformed their respective regional benchmarks, while the European value manager underperformed its regional benchmark.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The market environment was marked by trade negotiations between nations, continued strength in AI infrastructure spending, easing rates by the Fed, and increased geopolitical risk with the onset of the Iran conflict in the later part of the period.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">Relative to the benchmark, the Fund had strong selection across several sectors, most notably technology (Aspeed Technoloy, SK Hynix). Selection was also strong in health care (Galderma Group, Roche Holdings) and financials (Bawag Group). Modest underweighting to consumer discretionary also contributed to performance. From a region/country perspective, the Fund had its strongest selection in South Korea, Taiwan, and Switzerland. Modest underweighting to China and Saudi Arabia also contributed to performance.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">Relative to the benchmark, selection in industrials (Genuit Group, DiDi Global) and, to a lesser extent, consumer staples (Tate &amp; Lyle) detracted from performance. Modest underweighting to energy and overweighting to consumer staples also detracted from performance. From a region/country perspective, selection in the UK and China detracted from performance. An underweight to South Korea also detracted. The Fund’s overweighting to smaller cap stocks also detracted from performance during the period.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $10,000 in Class A of the Wilmington International Fund, assuming the maximum sales load of 5.5%, from April 30, 2016 to April 30, 2026, compared to the MSCI ACWI ex-US Net Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $10,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11841032.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington International Fund — Class A (including 5.5% maximum sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">25.32<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.78<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.83<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington International Fund — Class A (excluding sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">32.64<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.98<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.44<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">MSCI ACWI ex-US Net Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">32.20<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.38<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.10<span>%</span></td> </tr> </table> Wilmington International Fund — Class A (including 5.5% maximum sales load) 0.2532 0.0578 0.0783 Wilmington International Fund — Class A (excluding sales load) 0.3264 0.0698 0.0844 MSCI ACWI ex-US Net Index 0.3220 0.0838 0.0910 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visit <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'Arial';">www.wilmingtonfunds.com</span> . <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>572,064,771</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">364</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>3,481,950</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">34<span>%</span></td> </tr> </table> 572064771 364 3481950 0.34 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Common Stocks</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">91.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Cash Collateral Invested for Securities on Loan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Exchange-Traded Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Long Equity Index Futures (Notional Value)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.3<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>SECTOR CLASSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Financials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">22.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Information Technology</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">18.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Industrials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Discretionary</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Health Care</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Staples</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Materials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Communication Services</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Energy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>COUNTRY ALLOCATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Japan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">United Kingdom</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Taiwan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">United States</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Canada</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">China</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">South Korea</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">France</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Germany</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Netherlands</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Australia</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Hong Kong</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Brazil</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">South Africa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Spain</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Sweden</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Mexico</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Austria</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Norway</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Switzerland</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">India</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Other Countries</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.4<span>%</span></td> </tr> </table> 0.912 0.037 0.029 0.022 0.023 0.221 0.181 0.132 0.078 0.068 0.057 0.050 0.047 0.041 0.022 0.015 0.131 0.092 0.080 0.079 0.070 0.065 0.057 0.048 0.044 0.028 0.021 0.021 0.016 0.015 0.015 0.014 0.014 0.012 0.012 0.012 0.011 0.084 Wilmington International Fund Class I WINIX This annual shareholder report contains important information about the Wilmington International Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">This report describes changes to the Fund that occurred during the reporting period.</div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington International Fund<br/>(Class I)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>97</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.83<span>%</span></td> </tr> </table> 97 0.0083 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s Class I shares returned 33.02%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The Wilmington International Fund had positive performance and outperformed the benchmark, the MSCI All Country World ex-US Index, during the year.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The portfolio’s European growth manager and Emerging Markets manager outperformed their respective regional benchmarks, while the European value manager underperformed its regional benchmark.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The market environment was marked by trade negotiations between nations, continued strength in AI infrastructure spending, easing rates by the Fed, and increased geopolitical risk with the onset of the Iran conflict in the later part of the period.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">Relative to the benchmark, the Fund had strong selection across several sectors, most notably technology (Aspeed Technoloy, SK Hynix). Selection was also strong in health care (Galderma Group, Roche Holdings) and financials (Bawag Group). Modest underweighting to consumer discretionary also contributed to performance. From a region/country perspective, the Fund had its strongest selection in South Korea, Taiwan, and Switzerland. Modest underweighting to China and Saudi Arabia also contributed to performance.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">Relative to the benchmark, selection in industrials (Genuit Group, DiDi Global) and, to a lesser extent, consumer staples (Tate &amp; Lyle) detracted from performance. Modest underweighting to energy and overweighting to consumer staples also detracted from performance. From a region/country perspective, selection in the UK and China detracted from performance. An underweight to South Korea also detracted. The Fund’s overweighting to smaller cap stocks also detracted from performance during the period.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $100,000 in Class I of the Wilmington International Fund from April 30, 2016 to April 30, 2026, compared to the MSCI ACWI ex-US Net Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $100,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11841069.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 539pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington International Fund — Class I</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">33.02<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.26<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.65<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">MSCI ACWI ex-US Net Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">32.20<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.38<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.10<span>%</span></td> </tr> </table> Wilmington International Fund — Class I 0.3302 0.0726 0.0865 MSCI ACWI ex-US Net Index 0.3220 0.0838 0.0910 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visit www.wilmingtonfunds.com. <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>572,064,771</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">364</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>3,481,950</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">34<span>%</span></td> </tr> </table> 572064771 364 3481950 0.34 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Common Stocks</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">91.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Cash Collateral Invested for Securities on Loan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Exchange-Traded Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Long Equity Index Futures (Notional Value)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.3<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>SECTOR CLASSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Financials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">22.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Information Technology</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">18.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Industrials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Discretionary</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Health Care</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Staples</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Materials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Communication Services</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Energy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>COUNTRY ALLOCATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Japan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">United Kingdom</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">9.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Taiwan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">United States</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Canada</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">China</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">South Korea</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">France</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Germany</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Netherlands</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Australia</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Hong Kong</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Brazil</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">South Africa</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Spain</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Sweden</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Mexico</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Austria</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Norway</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Switzerland</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">India</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Other Countries</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.4<span>%</span></td> </tr> </table> 0.912 0.037 0.029 0.022 0.023 0.221 0.181 0.132 0.078 0.068 0.057 0.050 0.047 0.041 0.022 0.015 0.131 0.092 0.080 0.079 0.070 0.065 0.057 0.048 0.044 0.028 0.021 0.021 0.016 0.015 0.015 0.014 0.014 0.012 0.012 0.012 0.011 0.084 Wilmington Global Alpha Equities Fund Class A WRAAX This annual shareholder report contains important information about the Wilmington Global Alpha Equities Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">This report describes changes to the Fund that occurred during the reporting period.</div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington Global Alpha Equities Fund<br/>(Class A)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>155</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">1.49<span>%</span></td> </tr> </table> 155 0.0149 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s Class A shares (excluding sales load) returned 8.21%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The Wilmington Global Alpha Equities Fund had positive performance but underperformed the HFRX Equity Hedge Index and the broad-based market index, the MSCI ACWI Index, during the last fiscal year.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">Three of the nine active strategies within the Fund outperformed the global equities, as measured by the MSCI ACWI Index.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">Three of nine active managers outperformed their specific strategy benchmarks.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">Top performing exposures were in the International Value Strategy, and the Mega Cap completion sleeves.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The hedging portfolio, which consists of short positions in equity index futures contracts detracted from absolute performance as equities rose for the period. The Fund’s China manager and Quality managers contributed positive returns, but underperformed their benchmarks and the MSCI ACWI.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $10,000 in Class A of the Wilmington Global Alpha Equities Fund, assuming the maximum sales load of 5.5%, from April 30, 2016 to April 30, 2026, compared to the MSCI ACWI Index (Net) (broad-based securities market index) and HFRX Equity Hedge Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $10,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11840810.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Global Alpha Equities Fund — Class A (including 5.5% maximum sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.26<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.70<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.45<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Global Alpha Equities Fund — Class A (excluding sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.21<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.89<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.04<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">MSCI ACWI Index (Net)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">31.00<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.68<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">HFRX Equity Hedge Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">14.07<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.24<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.46<span>%</span></td> </tr> </table> Wilmington Global Alpha Equities Fund — Class A (including 5.5% maximum sales load) 0.0226 0.0370 0.0445 Wilmington Global Alpha Equities Fund — Class A (excluding sales load) 0.0821 0.0489 0.0504 MSCI ACWI Index (Net) 0.3100 0.1068 0.1225 HFRX Equity Hedge Index 0.1407 0.0624 0.0546 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visitwww.wilmingtonfunds.com. <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>242,419,971</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">738</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,276,437</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">66<span>%</span></td> </tr> </table> 242419971 738 2276437 0.66 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Common Stocks</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">94.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Exchange-Traded Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Preferred Stocks</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Long Equity Index Futures (Notional Value)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Short Equity Index Futures (Notional Value)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">(47.1<span>)</span><span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>SECTOR CLASSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Information Technology</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">21.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Financials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">16.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Industrials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Discretionary</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Health Care</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Communication Services</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Staples</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Materials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Energy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.6<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>COUNTRY ALLOCATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">United States</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">46.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Japan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">16.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">United Kingdom</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">China</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">France</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Netherlands</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Germany</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Canada</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Taiwan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Switzerland</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Hong Kong</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Italy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">South Korea</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Other Countries</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.7<span>%</span></td> </tr> </table> 0.948 0.047 0.003 0.002 0.015 -0.471 0.214 0.166 0.129 0.100 0.086 0.079 0.048 0.041 0.033 0.026 0.026 0.460 0.164 0.051 0.039 0.037 0.023 0.022 0.020 0.017 0.014 0.014 0.013 0.012 0.067 Wilmington Global Alpha Equities Fund Class I WRAIX This annual shareholder report contains important information about the Wilmington Global Alpha Equities Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">This report describes changes to the Fund that occurred during the reporting period.</div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington Global Alpha Equities Fund<br/>(Class I)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>129</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">1.24<span>%</span></td> </tr> </table> 129 0.0124 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s Class I shares returned 8.53%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The Wilmington Global Alpha Equities Fund had positive performance but underperformed the HFRX Equity Hedge Index and the broad-based market index, the MSCI ACWI Index, during the last fiscal year.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">Three of the nine active strategies within the Fund outperformed the global equities, as measured by the MSCI ACWI Index.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">Three of nine active managers outperformed their specific strategy benchmarks.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">Top performing exposures were in the International Value Strategy, and the Mega Cap completion sleeves.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">The hedging portfolio, which consists of short positions in equity index futures contracts detracted from absolute performance as equities rose for the period. The Fund’s China manager and Quality managers contributed positive returns, but underperformed their benchmarks and the MSCI ACWI.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $100,000 in Class I of the Wilmington Global Alpha Equities Fund from April 30, 2016 to April 30, 2026, compared to the MSCI ACWI Index (Net) (broad-based securities market index) and HFRX Equity Hedge Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $100,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11840847.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 539pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Global Alpha Equities Fund — Class I</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.53<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.15<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.32<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">MSCI ACWI Index (Net)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">31.00<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.68<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">HFRX Equity Hedge Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">14.07<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.24<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.46<span>%</span></td> </tr> </table> Wilmington Global Alpha Equities Fund — Class I 0.0853 0.0515 0.0532 MSCI ACWI Index (Net) 0.3100 0.1068 0.1225 HFRX Equity Hedge Index 0.1407 0.0624 0.0546 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visitwww.wilmingtonfunds.com. <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>242,419,971</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">738</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>2,276,437</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">66<span>%</span></td> </tr> </table> 242419971 738 2276437 0.66 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Common Stocks</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">94.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Exchange-Traded Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Preferred Stocks</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Long Equity Index Futures (Notional Value)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.5<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Short Equity Index Futures (Notional Value)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">(47.1<span>)</span><span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>SECTOR CLASSIFICATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Information Technology</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">21.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Financials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">16.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Industrials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Discretionary</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Health Care</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Communication Services</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Consumer Staples</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Materials</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Energy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.6<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Utilities</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.6<span>%</span></td> </tr> </table> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>COUNTRY ALLOCATION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">United States</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">46.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Japan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">16.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">United Kingdom</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">China</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">France</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Netherlands</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Germany</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Canada</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">2.0<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Taiwan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.7<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Switzerland</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Hong Kong</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Italy</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">South Korea</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.2<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Other Countries</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.7<span>%</span></td> </tr> </table> 0.948 0.047 0.003 0.002 0.015 -0.471 0.214 0.166 0.129 0.100 0.086 0.079 0.048 0.041 0.033 0.026 0.026 0.460 0.164 0.051 0.039 0.037 0.023 0.022 0.020 0.017 0.014 0.014 0.013 0.012 0.067 Wilmington Real Asset Fund Class A WMMRX This annual shareholder report contains important information about the Wilmington Real Asset Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">This report describes changes to the Fund that occurred during the reporting period.</div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington Real Asset Fund<br/>(Class A)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>94</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.82<span>%</span></td> </tr> </table> 94 0.0082 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s Class A shares (excluding sales load) returned 28.44%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The Fund had positive performance but underperformed the Blended Index, which consisted of a 50% weighting to the Bloomberg Commodity Index and 50% to the S&amp;P Developed Property Index.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The Fund’s performance against the broad-based market indexes was mixed with it underperforming the MSCI All Country World Index but outperforming the Bloomberg U.S. Aggregate Bond Index.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">Both the Fund’s Commodity/Other Real Assets exposure and Real Estate exposure were positive but slightly trailed their respective benchmarks.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">Within Real Estate, the Fund’s Developed International outperformed. Within Commodities, the Fund’s natural resource equities position was up nearly 50% and 2 of 3 commodity futures managers outperformed.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">Within Real Estate, the Fund’s US exposure was positive but detracted relative to the index. Within Commodities/Other Real Assets, the Fund’s MLP position was positive but detracted.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $10,000 in Class A of the Wilmington Real Asset Fund, assuming the maximum sales load of 5.5%, from April 30, 2016 to April 30, 2026, compared to the MSCI ACWI Index (Net) (broad-based securities market index), Bloomberg U.S. Aggregate Bond Index (broad-based securities market index), Real Asset Blended Index and Bloomberg Commodity Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $10,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11840736.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 468pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Real Asset Fund — Class A (including 5.5% maximum sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">21.40<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.90<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.39<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Real Asset Fund — Class A (excluding sales load)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">28.44<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.11<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">5.99<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">MSCI ACWI Index (Net)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">31.00<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.68<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Bloomberg U.S. Aggregate Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.06<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.18<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.67<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Real Asset Blended Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">31.50<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.84<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.67<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Bloomberg Commodity Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">44.82<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.17<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.58<span>%</span></td> </tr> </table> Wilmington Real Asset Fund — Class A (including 5.5% maximum sales load) 0.2140 0.0590 0.0539 Wilmington Real Asset Fund — Class A (excluding sales load) 0.2844 0.0711 0.0599 MSCI ACWI Index (Net) 0.3100 0.1068 0.1225 Bloomberg U.S. Aggregate Bond Index 0.0406 0.0018 0.0167 Real Asset Blended Index 0.3150 0.0784 0.0667 Bloomberg Commodity Index 0.4482 0.1317 0.0758 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visit www.wilmingtonfunds.com. <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>473,950,945</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">426</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>1,704,538</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">7<span>%</span></td> </tr> </table> 473950945 426 1704538 0.07 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate Related Real Estate Investment Trusts</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">31.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate Related Exchange-Traded Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate Related Common Stocks</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate Related Investment Company</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Commodity Related Investment Companies</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">45.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Commodity Related Exchange-Traded Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Cash Collateral Invested for Securities on Loan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.7<span>%</span></td> </tr> </table> 0.314 0.083 0.071 0.034 0.458 0.019 0.014 0.007 Wilmington Real Asset Fund Class I WMRIX This annual shareholder report contains important information about the Wilmington Real Asset Fund (“Fund”) for the period of May 1, 2025 to April 30, 2026. annual shareholder report You can find additional information about the Fund at <span style="text-decoration-line: underline; color: rgb(0, 0, 255); font-weight: 400; font-size: 9pt; font-family: 'arial';">wilmingtonfunds.com/fundreports</span>. You can also request this information by contacting us at 1-800-836-2211. wilmingtonfunds.com/fundreports 1-800-836-2211 <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">This report describes changes to the Fund that occurred during the reporting period.</div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">What were the Fund expenses for the last year?</div><div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px;">(Based on a hypothetical $10,000 investment)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: left; padding: 6pt 3pt 3pt 3pt;">Fund (Class)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 70pt; padding: 6pt 3pt 3pt 3pt;">Costs of<br/>$10,000<br/>Investment</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; vertical-align: bottom; text-align: center; width: 110pt; padding: 6pt 3pt 3pt 3pt;">Costs paid as a<br/>percentage<br/>of a $10,000 investment</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: left; font-family: 'Arial'; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">Wilmington Real Asset Fund<br/>(Class I)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 70pt; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;"><span style="float: none;">$</span>65</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; width: 110pt; white-space: nowrap; text-align: center; vertical-align: bottom; padding: 6pt 3pt 3pt 3pt;">0.57<span>%</span></td> </tr> </table> 65 0.0057 <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 0px;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>How did the Fund perform last year?</b></div> </div> <ul style="counter-reset: numberedlisting 0 letteringlisting 0 letteredhead 0 lcrmnhead 0 ucletteredhead 0 ucrmnhead 0; break-inside: avoid; padding: 0; margin: 0;"> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">For the reporting period ended April 30, 2026, the Fund’s Class I shares (excluding sales load) returned 28.76%.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The Fund had positive performance but underperformed the Blended Index, which consisted of a 50% weighting to the Bloomberg Commodity Index and 50% to the S&amp;P Developed Property Index.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">The Fund’s performance against the broad-based market indexes was mixed with it underperforming the MSCI All Country World Index but outperforming the Bloomberg U.S. Aggregate Bond Index.</div> </li> <li style="font-weight: 400; padding-left: 13.5pt; font-size: 9pt; color: rgb(0, 0, 0); margin-left: 30pt; font-family: 'Arial'; list-style-type: disc; margin-bottom: 7pt;"> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin: 0px;">Both the Fund’s Commodity/Other Real Assets exposure and Real Estate exposure were positive but slightly trailed their respective benchmarks.</div> </li> </ul> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What contributed to performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">Within Real Estate, the Fund’s Developed International outperformed. Within Commodities, the Fund’s natural resource equities position was up nearly 50% and 2 of 3 commodity futures managers outperformed.</div> </div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid;"> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 14pt 0px 3pt 0px;"><b>What detracted from performance?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;">Within Real Estate, the Fund’s US exposure was positive but detracted relative to the index. Within Commodities/Other Real Assets, the Fund’s MLP position was positive but detracted.</div> </div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 7.5pt 0px;"><i>The preceding information is the opinion of portfolio management only through the end of the period stated. Any such opinions are subject to change at any time based upon market or other conditions and should not be relied upon as investment advice. Past performance is no guarantee of future results, and there is no guarantee that market forecasts will be realized.</i></div> </div> <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">How has the Fund historically performed?</div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">The graph below illustrates a hypothetical investment of $100,000 in Class I of the Wilmington Real Asset Fund from April 30, 2016 to April 30, 2026, compared to the MSCI ACWI Index (Net) (broad-based securities market index), Bloomberg U.S. Aggregate Bond Index (broad-based securities market index), Real Asset Blended Index and Bloomberg Commodity Index.</div> <div style="letter-spacing: 1.25px; text-transform: uppercase; font-family: 'arial'; font-size: 10pt; font-weight: normal; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;">GROWTH OF $100,000</div> <div style="font-weight: 400; font-family: 'arial'; font-size: 9pt; color: rgb(0, 0, 0); margin-bottom: 20pt;"> <img alt="Fund Performance - Growth of 10K" src="g807590chartimages_11840773.jpg" style="display: block; margin-right: auto; margin-left: auto; width: 539pt;"/> </div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; vertical-align: middle; text-align: left; font-family: 'Arial'; width: 60%; color: rgb(0, 51, 89); padding: 6pt 3pt 3pt 3pt;">AVERAGE ANNUAL TOTAL RETURN</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">1 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">5 Year</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">10 Years</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Wilmington Real Asset Fund — Class I</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">28.76<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.39<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.26<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">MSCI ACWI Index (Net)</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">31.00<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">10.68<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">12.25<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Bloomberg U.S. Aggregate Bond Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">4.06<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.18<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.67<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Real Asset Blended Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">31.50<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.84<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">6.67<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; font-family: 'Arial'; padding: 6pt 3pt 3pt 3pt;">Bloomberg Commodity Index</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">44.82<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">13.17<span>%</span></td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.58<span>%</span></td> </tr> </table> Wilmington Real Asset Fund — Class I 0.2876 0.0739 0.0626 MSCI ACWI Index (Net) 0.3100 0.1068 0.1225 Bloomberg U.S. Aggregate Bond Index 0.0406 0.0018 0.0167 Real Asset Blended Index 0.3150 0.0784 0.0667 Bloomberg Commodity Index 0.4482 0.1317 0.0758 Performance data quoted represents past performance, which is no guarantee of future results. The total return shown assumes the reinvestment of all distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. For the most recent month-end performance, please visitwww.wilmingtonfunds.com. <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); page-break-after: avoid; margin: 10pt 0px 3pt 0px;">Key Fund Statistics</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Fund net assets</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>473,950,945</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total number of portfolio holdings</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">426</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Total advisory fees paid</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;"><span style="float: none;">$</span>1,704,538</td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; width: 40%; font-weight: bold; text-align: left; font-family: 'Arial'; padding: 6pt 10pt 3pt 10pt;">Portfolio turnover rate as of the end of the reporting period</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; font-family: 'Arial'; white-space: nowrap; padding: 6pt 10pt 3pt 10pt;">7<span>%</span></td> </tr> </table> 473950945 426 1704538 0.07 <div style="font-weight: bold; font-family: 'arial'; font-size: 12pt; color: rgb(0, 51, 89); margin: 0px 0px 3pt 0px;"><b>What Did the Fund Invest In?</b></div> <div style="font-weight: 400; font-size: 9pt; color: rgb(0, 0, 0); font-family: 'arial'; margin: 0px 0px 10pt 0px;">(as of April 30, 2026)</div> <div style="font-weight: 400; font-size: 9pt; letter-spacing: 1.25px; text-align: center; padding-bottom: 5pt; font-family: 'arial'; color: rgb(0, 51, 89); text-transform: none; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin: 5pt 0px 5pt 0px;"><b>PORTFOLIO COMPOSITION<br/></b>(as a % of Total Investments)</div> <table style="width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate Related Real Estate Investment Trusts</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">31.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate Related Exchange-Traded Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">8.3<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate Related Common Stocks</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">7.1<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Real Estate Related Investment Company</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">3.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Commodity Related Investment Companies</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">45.8<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Commodity Related Exchange-Traded Funds</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.9<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Money Market Fund</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">1.4<span>%</span></td> </tr> <tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); vertical-align: middle; text-align: left; padding: 6pt 3pt 3pt 3pt;">Cash Collateral Invested for Securities on Loan</td> <td style="font-weight: 400; break-inside: avoid-page; page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; color: rgb(0, 0, 0); text-align: right; vertical-align: middle; white-space: nowrap; padding: 6pt 3pt 3pt 3pt;">0.7<span>%</span></td> </tr> </table> 0.314 0.083 0.071 0.034 0.458 0.019 0.014 0.007