1
Wilmington Global Alpha Equities Fund
PORTFOLIO OF INVESTMENTS
July 31, 2026 (unaudited)
 
Description
 
Number of
Shares
Value
COMMON STOCKS − 94.2%
AEROSPACE & DEFENSE − 2.0%
Axon Enterprise, Inc.*
1,081
$570,508
BAE Systems PLC
36,931
1,045,492
Boeing Co. (The)*
1,070
231,270
General Dynamics Corp.
670
256,891
General Electric Co.
1,512
544,426
HEICO Corp.
296
105,483
Northrop Grumman Corp.
1,132
614,087
Rolls-Royce Holdings PLC
47,916
955,908
Safran SA
1,514
594,974
TOTAL AEROSPACE & DEFENSE
$4,919,039
AIR FREIGHT & LOGISTICS − 0.9%
C.H. Robinson Worldwide, Inc.
3,433
507,157
DSV A/S
3,696
798,783
Expeditors International of Washington, Inc.
3,456
580,228
United Parcel Service, Inc., Class B
1,610
167,794
Yamato Holdings Co. Ltd.
6,445
83,638
TOTAL AIR FREIGHT & LOGISTICS
$2,137,600
AUTOMOBILE COMPONENTS − 0.7%
Aumovio SE*
2,623
121,112
Brembo NV
6,685
81,858
Bridgestone Corp.
8,632
213,171
Continental AG
1,272
105,784
Denso Corp.
1,841
22,605
Fuyao Glass Industry Group Co. Ltd., Class H
34,325
259,559
Hankook Tire & Technology Co. Ltd.
670
31,212
Hesai Group, ADR*
948
16,021
Hyundai Mobis Co. Ltd.
248
80,205
Koito Manufacturing Co. Ltd.
9,870
164,958
Minth Group Ltd.
40,904
144,895
Stanley Electric Co. Ltd.
4,387
95,596
Tachi-S Co. Ltd.
3,241
45,672
Tokai Rika Co. Ltd.
2,810
55,412
Toyota Boshoku Corp.
6,180
86,234
TS Tech Co. Ltd.
5,036
57,767
Valeo SE
5,629
97,392
TOTAL AUTOMOBILE COMPONENTS
$1,679,453
AUTOMOBILES − 1.8%
Bayerische Motoren Werke AG
1,170
80,196
General Motors Co.
2,892
256,983
Honda Motor Co. Ltd.
48,576
489,628
Isuzu Motors Ltd.
75,224
1,122,308
Mercedes-Benz Group AG
5,217
282,079
Nissan Motor Co. Ltd.*
29,348
61,962
Renault SA
3,852
121,632
Subaru Corp.
5,929
100,926
Suzuki Motor Corp.
28,938
377,743
Tesla, Inc.*
1,847
574,805
Description
 
Number of
Shares
Value
Toyota Motor Corp.
44,293
$838,231
TOTAL AUTOMOBILES
$4,306,493
BANKS − 7.3%
77 Bank Ltd. (The)
7,551
163,603
ABN AMRO Bank NV
8,771
396,778
AIB Group PLC
22,702
270,009
Banco Bradesco SA, ADR
64,158
231,610
Bangkok Bank PCL
25,582
143,861
Bank Central Asia Tbk PT
1,864,100
653,321
Bank Negara Indonesia Persero Tbk PT
481,074
94,199
Bank of America Corp.
10,894
674,883
Bank of Ireland Group PLC
12,587
264,326
Bank of Nova Scotia (The)
8,950
785,092
BDO Unibank, Inc.
52,139
105,693
BNP Paribas SA
3,709
471,298
BPER Banca SpA
13,512
219,559
Chiba Bank Ltd. (The)
14,430
234,561
Dah Sing Financial Holdings Ltd.
8,701
55,276
DBS Group Holdings Ltd.
5,388
310,870
DNB Bank ASA
25,916
834,459
Erste Group Bank AG
6,472
846,041
FinecoBank Banca Fineco SpA
36,982
1,013,191
First Citizens BancShares, Inc., Class A
173
378,291
iM Financial Group Co. Ltd.
7,269
85,230
ING Groep NV
10,869
381,954
Kasikornbank PCL
29,042
212,012
Kasikornbank PCL, NVDR
11,062
80,709
KB Financial Group, Inc., ADR
1,646
193,932
KBC Group NV
2,973
427,692
KeyCorp.
11,599
262,021
Mebuki Financial Group, Inc.
18,932
175,424
Mitsubishi UFJ Financial Group, Inc.
27,034
603,845
Mizuho Financial Group, Inc.
20,178
1,046,112
Pinnacle Financial Partners, Inc.
1,863
196,044
Resona Holdings, Inc.
20,804
282,119
Royal Bank of Canada
6,713
1,405,044
Security Bank Corp.
18,687
20,594
Shiga Bank Ltd. (The)
5,150
76,522
Shinhan Financial Group Co. Ltd., ADR
4,637
324,265
Societe Generale SA
6,237
586,257
Standard Chartered PLC
18,195
537,983
Sumitomo Mitsui Trust Group, Inc.
86,020
884,516
Tochigi Bank Ltd. (The)
11,780
69,234
UniCredit SpA
14,995
1,414,206
Wells Fargo & Co.
4,131
357,125
TOTAL BANKS
$17,769,761
BEVERAGES − 1.2%
Ambev SA
56,326
177,340
Asahi Group Holdings Ltd.
33,092
345,355
Becle SAB de CV
50,401
45,484
Brown-Forman Corp., Class B
6,363
182,809
 July 31, 2026 (unaudited)

2
PORTFOLIO OF INVESTMENTS
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
Cia Cervecerias Unidas SA
14,627
$84,718
Coca-Cola Co. (The)
616
53,955
Coca-Cola Europacific Partners PLC
610
66,771
Coca-Cola Icecek AS
12,712
24,385
Constellation Brands, Inc., Class A
836
108,872
Diageo PLC
11,323
248,747
Embotelladora Andina SA, Class B, ADR
1,395
41,920
Heineken Holding NV
1,028
86,482
Heineken NV
3,447
312,093
Keurig Dr. Pepper, Inc.
4,616
143,650
Kirin Holdings Co. Ltd.
4,658
86,172
Monster Beverage Corp.*
8,383
807,954
Suntory Beverage & Food Ltd.
208
6,030
Tsingtao Brewery Co. Ltd., Class H
11,462
68,145
TOTAL BEVERAGES
$2,890,882
BIOTECHNOLOGY − 0.6%
Argenx SE, ADR*
700
597,674
Duality Biotherapeutics, Inc.*
2,294
53,337
Keymed Biosciences, Inc.*
8,630
80,095
Natera, Inc.*
2,382
637,804
Sichuan Kelun-Biotech Biopharmaceutical Co.
Ltd., Class H*
368
22,627
United Therapeutics Corp.*
242
125,286
TOTAL BIOTECHNOLOGY
$1,516,823
BROADLINE RETAIL − 3.1%
Alibaba Group Holding Ltd.
59,516
906,631
Alibaba Group Holding Ltd., ADR
2,867
350,491
Amazon.com, Inc.*
19,306
5,243,123
ASKUL Corp.
17,937
141,868
Dollarama, Inc.
1,747
237,989
JD.com, Inc., Class A
7,998
131,567
Pan Pacific International Holdings Corp.
59,210
336,005
Seria Co. Ltd.
3,720
90,133
TOTAL BROADLINE RETAIL
$7,437,807
BUILDING PRODUCTS − 0.7%
AGC, Inc.
2,481
93,566
Allegion PLC
120
18,888
Assa Abloy AB, Class B
12,739
472,691
Belimo Holding AG
75
78,209
Builders FirstSource, Inc.*
1,879
124,841
Cie de Saint-Gobain SA
1,754
164,853
Geberit AG
220
144,958
Genuit Group PLC
17,614
64,783
Lennox International, Inc.
533
221,664
Trane Technologies PLC
647
294,353
TOTAL BUILDING PRODUCTS
$1,678,806
CAPITAL MARKETS − 3.6%
Amundi SA
494
53,979
Ares Management Corp., Class A
5,738
734,981
Blackrock, Inc.
836
911,566
Cboe Global Markets, Inc.
299
92,759
CME Group, Inc.
1,029
275,556
CSC Financial Co. Ltd., Class H
161,458
242,892
Daiwa Securities Group, Inc.
16,245
181,727
Description
 
Number of
Shares
Value
Deutsche Boerse AG
857
$258,143
Hong Kong Exchanges & Clearing Ltd.
9,688
504,773
Interactive Brokers Group, Inc., Class A
8,059
709,111
Intercontinental Exchange, Inc.
3,335
508,521
Japan Exchange Group, Inc.
10,141
137,949
KKR & Co., Inc.
2,252
228,420
London Stock Exchange Group PLC
7,288
819,846
Moody's Corp.
735
351,609
Morgan Stanley
1,453
305,740
Morningstar, Inc.
639
123,052
Partners Group Holding AG
126
105,025
Raymond James Financial, Inc.
1,748
307,613
S&P Global, Inc.
1,981
816,033
Schroders PLC
5,951
47,204
T Rowe Price Group, Inc.
579
64,703
Tradeweb Markets, Inc., Class A
2,132
214,266
UBS Group AG
12,561
663,945
TOTAL CAPITAL MARKETS
$8,659,413
CHEMICALS − 2.9%
ADEKA Corp.
8,778
214,246
Aica Kogyo Co. Ltd.
11,179
257,746
Air Liquide SA
1,285
253,156
Arkema SA
1,902
129,550
Asahi Kasei Corp.
13,348
142,489
BASF SE
4,086
237,207
China BlueChemical Ltd., Class H
85,413
23,065
Dow, Inc.
1,952
59,126
Ecolab, Inc.
744
206,557
Element Solutions, Inc.
5,539
203,447
EMS-Chemie Holding AG
56
56,708
Evonik Industries AG
6,427
130,016
Fujimi, Inc.
7,277
170,338
Fuso Chemical Co. Ltd.
12,070
276,289
Givaudan SA
10
39,969
KH Neochem Co. Ltd.
12,815
263,685
Kuraray Co. Ltd.
8,160
93,591
Linde PLC
729
348,739
LyondellBasell Industries NV, Class A
600
37,248
Mitsubishi Gas Chemical Co., Inc.
8,819
227,797
Nippon Sanso Holdings Corp.
6,251
224,719
Nippon Shokubai Co. Ltd.
1,530
20,582
Nippon Soda Co. Ltd.
8,162
194,884
Nissan Chemical Corp.
5,182
240,873
NOF Corp.
2,375
41,267
Nutrien Ltd.
3,633
250,931
Osaka Soda Co. Ltd.
12,791
140,057
Sherwin-Williams Co. (The)
829
282,565
Shin-Etsu Chemical Co. Ltd.
36,083
1,286,364
Sika AG
1,416
318,587
Symrise AG
3,566
365,943
Taiyo Holdings Co. Ltd.
1,030
30,383
Tosoh Corp.
905
15,221
Valqua Ltd.
6,825
272,849
Wacker Chemie AG*
866
88,699
TOTAL CHEMICALS
$7,144,893
July 31, 2026 (unaudited) 

PORTFOLIO OF INVESTMENTS
3
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
COMMERCIAL SERVICES & SUPPLIES − 0.6%
Cintas Corp.
2,844
$581,968
Copart, Inc.*
11,406
332,143
Kokuyo Co. Ltd.
3,870
22,034
Prosegur Cia de Seguridad SA
14,164
49,327
Secom Co. Ltd.
2,581
111,179
Waste Management, Inc.
1,637
370,862
TOTAL COMMERCIAL SERVICES & SUPPLIES
$1,467,513
COMMUNICATIONS EQUIPMENT − 0.6%
Arista Networks, Inc.*
2,603
469,451
Cisco Systems, Inc.
5,434
630,290
F5, Inc.*
170
68,437
Nokia OYJ
13,008
120,232
Telefonaktiebolaget LM Ericsson, Class B
15,665
154,092
Zhongji Innolight Co. Ltd., Class H*
105
13,763
TOTAL COMMUNICATIONS EQUIPMENT
$1,456,265
CONSTRUCTION & ENGINEERING − 0.4%
Bouygues SA
1,522
85,734
Dai-Dan Co. Ltd.
8,781
132,406
Ferrovial NV
1,684
110,312
Fugro NV
1,597
15,611
Hazama Ando Corp.
1,858
21,169
JGC Holdings Corp.
15,943
222,981
Kinden Corp.
1,491
65,617
Kraftia Corp.
528
27,766
Obayashi Corp.
7,420
145,835
Vinci SA
714
100,812
TOTAL CONSTRUCTION & ENGINEERING
$928,243
CONSTRUCTION MATERIALS − 0.2%
Imerys SA
1,368
37,248
James Hardie Industries PLC*
10,099
265,503
Semen Indonesia Persero Tbk PT
284,752
23,109
Taiheiyo Cement Corp.
1,966
49,785
Vicat SACA
600
45,422
TOTAL CONSTRUCTION MATERIALS
$421,067
CONSUMER FINANCE − 0.3%
Ally Financial, Inc.
3,745
162,271
Credit Acceptance Corp.*
951
541,033
Marui Group Co. Ltd.
2,076
38,675
Vanquis Banking Group PLC*
9,736
10,298
TOTAL CONSUMER FINANCE
$752,277
CONSUMER STAPLES DISTRIBUTION & RETAIL − 0.6%
Carrefour SA
8,968
164,581
Costco Wholesale Corp.
370
352,199
J Sainsbury PLC
26,302
126,836
Koninklijke Ahold Delhaize NV
5,559
219,887
Kroger Co. (The)
3,821
220,624
Tsuruha Holdings, Inc.
8,600
131,286
Walmart, Inc.
3,222
358,286
TOTAL CONSUMER STAPLES DISTRIBUTION & RETAIL
$1,573,699
CONTAINERS & PACKAGING − 0.1%
Ball Corp.
3,656
237,274
Description
 
Number of
Shares
Value
International Paper Co.
1,089
$44,464
Packaging Corp. of America
226
55,560
TOTAL CONTAINERS & PACKAGING
$337,298
DISTRIBUTORS − 0.1%
Genuine Parts Co.
312
38,804
Pool Corp.
765
142,068
TOTAL DISTRIBUTORS
$180,872
DIVERSIFIED REITS − 0.1%
Activia Properties, Inc.
26
23,288
British Land Co. PLC (The)
17,121
102,377
Land Securities Group PLC
12,535
119,395
Sekisui House REIT, Inc.
52
24,731
United Urban Investment Corp.
39
39,854
DIVERSIFIED REITS
$309,645
DIVERSIFIED TELECOMMUNICATION SERVICES − 0.9%
BT Group PLC
74,964
202,976
Deutsche Telekom AG
14,310
441,621
Koninklijke KPN NV
98,080
463,118
KT Corp., ADR
7,669
138,732
LG Uplus Corp.
6,559
67,253
NTT, Inc.
122,362
117,286
Orange SA
21,200
404,956
Proximus SADP
5,555
41,144
Swisscom AG
168
129,099
Telefonica Brasil SA
15,678
101,290
Telkom Indonesia Persero Tbk PT
324,358
47,353
TOTAL DIVERSIFIED TELECOMMUNICATION SERVICES
$2,154,828
ELECTRIC UTILITIES − 0.5%
American Electric Power Co., Inc.
1,128
144,215
Edison International
1,124
82,468
EDP SA
12,138
62,502
Endesa SA
1,895
92,277
Enel Americas SA
927,456
87,773
Exelon Corp.
3,402
155,880
Iberdrola SA
20,916
496,830
TOTAL ELECTRIC UTILITIES
$1,121,945
ELECTRICAL EQUIPMENT − 0.9%
AMETEK, Inc.
672
162,429
Contemporary Amperex Technology Co. Ltd.,
Class H
4,241
335,738
Cosel Co. Ltd.
2,874
22,208
Emerson Electric Co.
1,694
253,795
Legrand SA
1,517
230,628
Mabuchi Motor Co. Ltd.
2,128
22,043
Regal Rexnord Corp.
491
100,768
Schneider Electric SE
2,324
780,831
Sigenergy Technology Co. Ltd., Class H
895
33,248
Toyo Tanso Co. Ltd.
2,402
97,478
Ushio, Inc.
6,625
153,747
Zumtobel Group AG
1,250
5,817
TOTAL ELECTRICAL EQUIPMENT
$2,198,730
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS − 2.5%
Amphenol Corp., Class A
5,915
950,540
 July 31, 2026 (unaudited)

4
PORTFOLIO OF INVESTMENTS
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
Azbil Corp.
5,725
$59,282
Canon Marketing Japan, Inc.
1,281
28,785
CDW Corp.
1,521
224,819
Corning, Inc.
874
120,831
Delta Electronics, Inc.
14,855
730,831
Flex Ltd.*
5,608
637,910
Halma PLC
3,013
143,953
Horiba Ltd.
281
44,103
Jabil, Inc.
1,111
350,021
Jeol Ltd.
4,000
203,067
Kaga Electronics Co. Ltd.
9,460
274,746
Keyence Corp.
3,480
1,745,523
Luxshare Precision Industry Co. Ltd., Class H*
19,126
135,841
Maruwa Co. Ltd.
779
263,774
Maxell Ltd.
4,211
54,139
PAX Global Technology Ltd.
22,863
11,496
Shimadzu Corp.
2,664
67,752
Yokogawa Electric Corp.
2,745
97,900
TOTAL ELECTRONIC EQUIPMENT, INSTRUMENTS &
COMPONENTS
$6,145,313
ENERGY EQUIPMENT & SERVICES − 0.1%
SLB Ltd.
4,934
244,677
ENTERTAINMENT − 0.8%
Avex, Inc.
2,820
23,355
Capcom Co. Ltd.
154
3,869
Embracer Group AB*
10,849
76,923
Live Nation Entertainment, Inc.*
484
84,279
NetEase, Inc.
12,397
329,837
Nexon Co. Ltd.
8,157
127,840
Nintendo Co. Ltd.
5,503
262,505
Spotify Technology SA*
1,416
707,915
Universal Music Group NV
4,847
79,973
Walt Disney Co. (The)
2,379
228,836
TOTAL ENTERTAINMENT
$1,925,332
FINANCIAL SERVICES − 1.5%
Adyen NV*
18
18,310
Berkshire Hathaway, Inc., Class B*
1,505
769,868
Fiserv, Inc.*
1,434
77,350
GMO Financial Gate, Inc.
3,617
145,676
GMO Payment Gateway, Inc.
6,252
389,583
Groupe Bruxelles Lambert NV
634
57,185
Mastercard, Inc., Class A
3,047
1,746,236
Mitsubishi HC Capital, Inc.
11,280
103,857
Poste Italiane SpA
3,591
108,637
Visa, Inc., Class A
970
355,146
TOTAL FINANCIAL SERVICES
$3,771,848
FOOD PRODUCTS − 0.7%
Ajinomoto Co., Inc.
4,538
139,945
Astral Foods Ltd.
3,271
42,075
China Mengniu Dairy Co. Ltd.
54,223
130,831
Chocoladefabriken Lindt & Spruengli AG
26
300,094
Danone SA
1,835
142,738
Hershey Co. (The)
125
21,881
Indofood CBP Sukses Makmur Tbk PT
182,127
70,584
Kerry Group PLC, Class A
533
50,885
Description
 
Number of
Shares
Value
M Dias Branco SA
17,592
$59,622
Nestle SA
3,597
359,524
Orkla ASA
2,289
25,426
Perusahaan Perkebunan London Sumatra
Indonesia Tbk PT
254,546
20,196
Tate & Lyle PLC
7,803
58,147
Toyo Suisan Kaisha Ltd.
111
7,202
Tyson Foods, Inc., Class A
2,309
133,830
Ulker Biskuvi Sanayi AS
19,451
35,275
TOTAL FOOD PRODUCTS
$1,598,255
GAS UTILITIES − 0.3%
Atmos Energy Corp.
4,027
695,785
ENN Energy Holdings Ltd.
5,604
33,534
Osaka Gas Co. Ltd.
2,545
87,316
TOTAL GAS UTILITIES
$816,635
GROUND TRANSPORTATION − 0.6%
Ayvens SA
9,034
121,758
Canadian National Railway Co.
1,518
193,105
Canadian National Railway Co.
2,955
375,738
Central Japan Railway Co.
761
18,937
DiDi Global, Inc., ADR*
62,109
219,866
East Japan Railway Co.
3,237
74,479
Old Dominion Freight Line, Inc.
1,571
333,272
West Japan Railway Co.
627
11,831
TOTAL GROUND TRANSPORTATION
$1,348,986
HEALTH CARE EQUIPMENT & SUPPLIES − 0.9%
Becton Dickinson & Co.
799
132,330
Boston Scientific Corp.*
3,122
145,891
Coloplast A/S, Class B
974
64,410
Cooper Cos., Inc. (The)*
1,970
142,470
Hoya Corp.
3,096
473,431
IDEXX Laboratories, Inc.*
464
259,409
Koninklijke Philips NV
8,789
231,571
Medtronic PLC
654
55,845
ResMed, Inc.
295
62,239
Shandong Weigao Group Medical Polymer Co.
Ltd., Class H
198,279
84,879
Siemens Healthineers AG
1,041
44,331
STERIS PLC
900
205,560
Straumann Holding AG
122
15,109
Stryker Corp.
281
91,522
Sysmex Corp.
14,230
143,688
TOTAL HEALTH CARE EQUIPMENT & SUPPLIES
$2,152,685
HEALTH CARE PROVIDERS & SERVICES − 1.5%
Alfresa Holdings Corp.
5,525
80,140
As One Corp.
9,491
143,010
BML, Inc.
1,690
37,905
Cardinal Health, Inc.
1,314
302,259
Cencora, Inc.
1,003
312,274
CVS Health Corp.
677
70,699
Elevance Health, Inc.
3,098
1,164,352
Fresenius SE & Co. KGaA
3,410
175,265
HCA Healthcare, Inc.
103
41,467
Netcare Ltd.
79,679
91,275
July 31, 2026 (unaudited) 

PORTFOLIO OF INVESTMENTS
5
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
Ship Healthcare Holdings, Inc.
12,888
$206,466
UnitedHealth Group, Inc.
2,202
912,509
TOTAL HEALTH CARE PROVIDERS & SERVICES
$3,537,621
HEALTH CARE REITS − 0.4%
Welltower, Inc.
4,287
1,005,044
HEALTH CARE TECHNOLOGY − 0.1%
M3, Inc.
23,810
266,748
Veeva Systems, Inc., Class A*
457
93,127
TOTAL HEALTH CARE TECHNOLOGY
$359,875
HOTELS, RESTAURANTS & LEISURE − 1.9%
Accor SA
9,743
506,695
Airbnb, Inc., Class A*
1,344
203,643
Choice Hotels International, Inc.
2,753
306,932
Compass Group PLC
36,028
1,144,100
Darden Restaurants, Inc.
2,835
577,149
Evolution AB*
142
10,838
Galaxy Entertainment Group Ltd.
15,102
65,860
Hyatt Hotels Corp., Class A
761
132,460
McDonald's Corp.
678
183,494
McDonald's Holdings Co. Japan Ltd.
707
35,931
Meituan, Class B*
27,203
321,172
Sodexo SA
1,698
111,655
Trip.com Group Ltd., ADR*
5,350
251,503
Viking Holdings Ltd.*
6,401
667,944
Yum China Holdings, Inc.
2,053
97,280
Yum! Brands, Inc.
542
83,078
TOTAL HOTELS, RESTAURANTS & LEISURE
$4,699,734
HOUSEHOLD DURABLES − 0.9%
Barratt Developments PLC
26,657
105,941
Coway Co. Ltd.
741
46,945
Crest Nicholson Holdings PLC
15,768
13,129
Garmin Ltd.
451
132,495
Nikon Corp.
4,145
49,252
NVR, Inc.*
88
540,940
Rinnai Corp.
3,820
85,424
SEB SA
1,239
83,452
Sekisui House Ltd.
13,063
285,979
Sony Group Corp.
34,393
803,726
TOTAL HOUSEHOLD DURABLES
$2,147,283
HOUSEHOLD PRODUCTS − 0.8%
Henkel AG & Co. KGaA
1,042
85,382
Kimberly-Clark Corp.
6,886
752,708
Kimberly-Clark de Mexico SAB de CV, Class A
42,944
99,652
Reckitt Benckiser Group PLC
14,037
990,695
Unicharm Corp.
1,078
6,838
TOTAL HOUSEHOLD PRODUCTS
$1,935,275
INDUSTRIAL CONGLOMERATES − 0.4%
CK Hutchison Holdings Ltd.
18,356
171,982
Hikari Tsushin, Inc.
892
218,109
Hitachi Ltd.
8,221
269,407
Honeywell International, Inc.
851
206,836
Lifco AB, Class B
929
31,640
Sekisui Chemical Co. Ltd.
4,660
77,558
Description
 
Number of
Shares
Value
Smiths Group PLC
2,548
$90,988
TOTAL INDUSTRIAL CONGLOMERATES
$1,066,520
INDUSTRIAL REITS − 0.2%
Industrial & Infrastructure Fund Investment
Corp.
21
18,581
LaSalle Logiport REIT
206
197,057
Prologis, Inc.
1,731
250,320
TOTAL INDUSTRIAL REITS
$465,958
INSURANCE − 5.0%
Admiral Group PLC
11,784
597,360
Ageas SA
3,237
267,885
AIA Group Ltd.
122,061
1,230,484
Allianz SE
728
362,619
ASR Nederland NV
634
51,834
Aviva PLC
17,097
160,014
AXA SA
4,312
223,489
China Pacific Insurance Group Co. Ltd., Class H
70,536
275,307
China Reinsurance Group Corp., Class H
384,188
67,155
Chubb Ltd.
1,044
366,110
Daiichi Life Group, Inc.
36,358
438,382
Gjensidige Forsikring ASA
885
26,400
Helvetia Baloise Holding AG
161
43,175
Intact Financial Corp.
2,458
482,623
Japan Post Insurance Co. Ltd.
17,100
188,290
Mapfre SA
7,330
37,481
Markel Group, Inc.*
299
562,820
Marsh & McLennan Cos., Inc.
1,703
323,042
MetLife, Inc.
1,507
144,868
MS&AD Insurance Group Holdings, Inc.
18,335
564,417
Muenchener Rueckversicherungs AG
192
115,334
NN Group NV
2,725
256,862
Old Mutual Ltd.
170,363
137,808
People's Insurance Co. Group of China Ltd.
(The), Class H
227,659
158,267
PICC Property & Casualty Co. Ltd., Class H
80,756
168,542
Principal Financial Group, Inc.
641
72,882
Progressive Corp. (The)
3,549
750,330
Prudential PLC
61,426
923,144
RLI Corp.
3,780
231,487
Sampo OYJ, Class A
9,098
100,731
Standard Life PLC
5,478
68,263
Sun Life Financial, Inc.
3,585
297,444
Swiss Life Holding AG
21
24,780
T&D Holdings, Inc.
26,550
836,745
Talanx AG
4,053
538,703
Tokio Marine Holdings, Inc.
15,008
764,904
Tryg A/S
2,668
63,492
Zurich Insurance Group AG
313
238,421
TOTAL INSURANCE
$12,161,894
INTERACTIVE MEDIA & SERVICES − 4.4%
Alphabet, Inc., Class A
19,578
6,972,313
Alphabet, Inc., Class C
2,893
1,031,788
Baidu, Inc., Class A*
9,996
138,471
Kakaku.com, Inc.
57
1,324
Meta Platforms, Inc., Class A
1,889
1,051,625
 July 31, 2026 (unaudited)

6
PORTFOLIO OF INVESTMENTS
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
Scout24 SE
595
$51,012
Tencent Holdings Ltd.
23,865
1,458,223
TOTAL INTERACTIVE MEDIA & SERVICES
$10,704,756
IT SERVICES − 0.9%
Accenture PLC, Class A
1,334
221,337
Alten SA
1,196
104,008
BIPROGY, Inc.
8,633
264,925
Cognizant Technology Solutions Corp., Class A
1,371
75,885
DTS Corp.
22,278
162,022
Future Corp.
11,233
173,051
Globant SA*
2,854
104,456
International Business Machines Corp.
1,656
370,364
Nomura Research Institute Ltd.
1,946
57,570
Obic Co. Ltd.
3,699
106,101
Otsuka Corp.
2,935
60,562
Sopra Steria Group
418
88,726
TechMatrix Corp.
24,603
317,149
TISI, Inc.
1,239
29,704
TOTAL IT SERVICES
$2,135,860
LEISURE PRODUCTS − 0.4%
Bandai Namco Holdings, Inc.
11,866
343,749
Roland Corp.
6,019
158,145
Sega Sammy Holdings, Inc.
25,455
439,739
Shimano, Inc.
207
26,129
Spin Master Corp.
3,322
48,769
TOTAL LEISURE PRODUCTS
$1,016,531
LIFE SCIENCES TOOLS & SERVICES − 0.4%
Agilent Technologies, Inc.
1,745
241,456
Charles River Laboratories International, Inc.*
347
80,681
Danaher Corp.
676
131,806
Hangzhou Tigermed Consulting Co. Ltd.,
Class H
4,952
23,792
ICON PLC*
876
143,283
Mettler-Toledo International, Inc.*
80
113,304
Thermo Fisher Scientific, Inc.
245
140,703
Waters Corp.*
509
192,051
TOTAL LIFE SCIENCES TOOLS & SERVICES
$1,067,076
MACHINERY − 3.3%
Alfa Laval AB
956
56,574
Amada Co. Ltd.
1,830
31,396
ARCHION Corp.*
10,992
18,570
Atlas Copco AB, Class A
15,335
324,026
Atlas Copco AB, Class B
6,927
127,994
Bodycote PLC
3,364
32,835
Daifuku Co. Ltd.
3,000
110,509
Daimler Truck Holding AG
4,031
227,996
Deere & Co.
1,121
664,383
Dover Corp.
1,562
319,616
Duerr AG
1,906
39,355
Graco, Inc.
2,447
194,243
Hoshizaki Corp.
8,212
292,869
IDEX Corp.
218
50,238
Illinois Tool Works, Inc.
741
212,630
Kone OYJ, Class B
6,285
362,625
Description
 
Number of
Shares
Value
Kubota Corp.
12,960
$219,873
MISUMI Group, Inc.
20,318
483,385
Nachi-Fujikoshi Corp.
1,703
57,593
Nordson Corp.
121
36,031
OKUMA Corp.
3,750
114,533
OSG Corp.
13,108
299,054
PACCAR, Inc.
11,889
1,577,433
Parker-Hannifin Corp.
437
426,744
Rational AG
40
31,142
Sandvik AB
6,190
231,473
Sany Heavy Industry Co. Ltd., Class H
29,882
80,358
Schindler Holding AG
198
60,563
Schindler Holding AG
323
101,674
SKF AB, Class B
6,515
176,343
SMC Corp.
340
146,901
Snap-on, Inc.
130
53,353
Spirax Group PLC
584
54,754
Sumitomo Heavy Industries Ltd.
2,720
87,929
Tadano Ltd.
6,940
57,674
Techtronic Industries Co. Ltd.
6,533
109,754
THK Co. Ltd.
5,592
230,108
Tsubakimoto Chain Co.
3,295
52,868
VAT Group AG
184
137,720
Weichai Power Co. Ltd., Class H
42,060
175,861
TOTAL MACHINERY
$8,068,980
MARINE TRANSPORTATION − 0.0%**
Kuehne + Nagel International AG
384
97,790
MEDIA − 0.6%
CyberAgent, Inc.
16,469
150,466
Dentsu Group, Inc.*
5,290
117,378
EchoStar Corp., Class A*
1,263
106,206
Hakuhodo DY Holdings, Inc.
9,850
80,390
Havas NV
4,478
95,886
IPSOS
1,400
57,841
Megacable Holdings SAB de CV
20,133
67,968
Metropole Television SA
2,608
36,485
Nippon Television Holdings, Inc.
3,029
55,311
Omnicom Group, Inc.
919
72,325
Publicis Groupe SA
3,741
399,279
RTL Group SA
1,275
47,732
Television Francaise 1 SA
6,012
49,285
TV Asahi Holdings Corp.
3,849
75,453
WPP PLC
19,346
78,144
TOTAL MEDIA
$1,490,149
METALS & MINING − 1.0%
Anglo American PLC
13,458
681,264
APERAM SA
833
44,001
ARE Holdings, Inc.
11,855
228,117
Barrick Mining Corp.
3,018
110,765
Ferrexpo PLC*
52,696
20,298
Freeport-McMoRan, Inc.
3,437
215,259
Maruichi Steel Tube Ltd.
11,172
124,763
Neturen Co. Ltd.
1,705
14,702
Outokumpu OYJ
14,908
89,780
Reliance, Inc.
694
281,834
July 31, 2026 (unaudited) 

PORTFOLIO OF INVESTMENTS
7
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
Rio Tinto PLC
3,223
$313,178
Yamato Kogyo Co. Ltd.
2,470
207,935
Zijin Gold International Co. Ltd.
800
12,097
Zijin Mining Group Co. Ltd., Class H
29,612
125,732
TOTAL METALS & MINING
$2,469,725
MULTI-UTILITIES − 0.8%
CMS Energy Corp.
2,029
146,068
Engie SA
23,809
742,153
National Grid PLC
19,208
307,441
Sempra
9,291
822,718
TOTAL MULTI-UTILITIES
$2,018,380
OFFICE REITS − 0.2%
Derwent London PLC
4,466
126,737
Gecina SA
365
31,621
Japan Prime Realty Investment Corp.
43
26,422
Japan Real Estate Investment Corp.
81
61,985
Nippon Building Fund, Inc.
99
83,507
Orix JREIT, Inc.
66
42,709
TOTAL OFFICE REITS
$372,981
OIL, GAS & CONSUMABLE FUELS − 2.8%
BP PLC
53,224
399,881
Canadian Natural Resources Ltd.
13,347
635,812
Canadian Natural Resources Ltd.
4,194
199,970
Chevron Corp.
764
150,378
ConocoPhillips
1,547
186,383
DCC Energy PLC
2,048
175,116
Diamondback Energy, Inc.
994
201,732
Enbridge, Inc.
7,480
407,015
Eni SpA
20,102
559,171
ExxonMobil Holdings Corp.
2,909
452,175
OMV AG
1,253
91,626
Shell PLC
18,683
855,153
Targa Resources Corp.
1,738
469,903
Texas Pacific Land Corp.
171
68,841
TotalEnergies SE
20,713
1,826,068
Williams Cos., Inc. (The)
3,594
257,115
TOTAL OIL, GAS & CONSUMABLE FUELS
$6,936,339
PAPER & FOREST PRODUCTS − 0.2%
Mondi PLC
9,063
109,272
Stora Enso OYJ, Class R
10,109
116,249
Suzano SA
14,327
122,605
UPM-Kymmene OYJ
4,187
113,911
TOTAL PAPER & FOREST PRODUCTS
$462,037
PASSENGER AIRLINES − 0.1%
easyJet PLC
17,686
150,570
Japan Airlines Co. Ltd.
5,947
109,690
TOTAL PASSENGER AIRLINES
$260,260
PERSONAL CARE PRODUCTS − 0.8%
Beiersdorf AG
1,774
164,789
Kao Corp.
4,778
98,217
Kenvue, Inc.
1,222
23,511
LG H&H Co. Ltd.
542
108,294
Description
 
Number of
Shares
Value
L'Oreal SA
626
$278,818
Natura Cosmeticos SA*
65,779
108,871
Unilever PLC
14,932
950,087
Unilever PLC
5,125
328,193
TOTAL PERSONAL CARE PRODUCTS
$2,060,780
PHARMACEUTICALS − 5.3%
Almirall SA
4,619
59,287
Astellas Pharma, Inc.
3,631
49,871
AstraZeneca PLC
4,856
826,056
AstraZeneca PLC
968
164,211
Chugai Pharmaceutical Co. Ltd.
16,373
710,447
Daiichi Sankyo Co. Ltd.
45,631
737,467
Eisai Co. Ltd.
3,399
102,184
Eli Lilly & Co.
1,302
1,495,790
Galderma Group AG*
2,821
613,882
Genomma Lab Internacional SAB de CV,
Class B
88,661
75,098
GSK PLC
26,613
692,014
Haleon PLC
32,409
158,660
Hikma Pharmaceuticals PLC
5,434
116,004
Jiangsu Hengrui Pharmaceuticals Co. Ltd.,
Class H
28,957
211,061
Johnson & Johnson
3,610
925,423
Kissei Pharmaceutical Co. Ltd.
503
12,844
Kyowa Kirin Co. Ltd.
5,140
82,510
Merck & Co., Inc.
10,483
1,364,886
Merck KGaA
2,047
338,304
Novartis AG
3,095
484,033
Novo Nordisk A/S, Class B
7,350
347,667
Otsuka Holdings Co. Ltd.
4,211
291,988
Roche Holding AG
2,428
1,061,261
Sanofi SA
6,487
558,606
Shionogi & Co. Ltd.
48,672
880,053
Takeda Pharmaceutical Co. Ltd.
7,623
261,741
UCB SA
1,404
360,384
TOTAL PHARMACEUTICALS
$12,981,732
PROFESSIONAL SERVICES − 1.5%
Adecco Group AG
2,945
82,316
CACI International, Inc., Class A*
334
166,248
dip Corp.
17,645
206,303
Experian PLC
8,651
326,400
Hays PLC
50,451
38,524
Intertek Group PLC
739
58,369
MEITEC Group Holdings, Inc.
887
18,567
Michael Page PLC
13,119
32,245
Open Up Group, Inc.
14,895
187,980
Persol Holdings Co. Ltd.
202,469
336,144
Randstad NV
2,572
108,734
Recruit Holdings Co. Ltd.
7,270
574,918
RELX PLC
9,804
344,826
SGS SA
500
59,248
SIGMAXYZ Holdings, Inc.
67,432
253,252
SThree PLC
8,789
30,223
Transcosmos, Inc.
1,720
40,913
TransUnion
9,753
766,781
TOTAL PROFESSIONAL SERVICES
$3,631,991
 July 31, 2026 (unaudited)

8
PORTFOLIO OF INVESTMENTS
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
REAL ESTATE MANAGEMENT & DEVELOPMENT − 0.4%
China Resources Mixc Lifestyle Services Ltd.
17,048
$86,707
CK Asset Holdings Ltd.
22,066
134,404
Daito Trust Construction Co. Ltd.
9,400
198,416
Daiwa House Industry Co. Ltd.
482
14,155
Hulic Co. Ltd.
1,487
16,349
KE Holdings, Inc., ADR
4,389
74,394
KE Holdings, Inc., Class A
18,159
101,852
Mitsubishi Estate Co. Ltd.
5,506
133,670
Relo Group, Inc.
12,316
155,390
TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT
$915,337
RESIDENTIAL REITS − 0.2%
Advance Residence Investment Corp.
36
33,402
AvalonBay Communities, Inc.
652
121,018
Mitsui Fudosan Accommodations Fund, Inc.
23
17,720
Sun Communities, Inc.
357
44,082
UDR, Inc.
2,521
96,202
UNITE Group PLC (The)
13,074
94,972
TOTAL RESIDENTIAL REITS
$407,396
RETAIL REITS − 0.1%
Japan Metropolitan Fund Invest
91
67,219
Simon Property Group, Inc.
954
218,819
TOTAL RETAIL REITS
$286,038
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT − 9.4%
Advanced Micro Devices, Inc.*
1,324
630,423
ams-OSRAM AG*
2,453
48,735
Analog Devices, Inc.
1,717
630,843
ASML Holding NV
1,277
2,104,426
ASML Holding NV
180
293,220
ASPEED Technology, Inc.
677
295,458
Broadcom, Inc.
7,504
2,921,157
Disco Corp.
501
179,075
Kioxia Holdings Corp.*
930
259,225
Lasertec Corp.
354
81,325
MACOM Technology Solutions Holdings, Inc.*
376
94,541
MediaTek, Inc.
2,350
250,340
Microchip Technology, Inc.
3,331
247,460
Micron Technology, Inc.
481
395,877
Miraial Co. Ltd.
1,080
10,466
NVIDIA Corp.
35,244
7,075,233
NXP Semiconductors NV
741
169,808
Optorun Co. Ltd.
2,482
45,427
Rohm Co. Ltd.
7,099
188,241
SK hynix, Inc.
311
353,189
Taiwan Semiconductor Manufacturing Co. Ltd.
25,247
1,867,401
Taiwan Semiconductor Manufacturing Co. Ltd.,
ADR
5,717
2,311,097
Texas Instruments, Inc.
2,296
633,099
Tokyo Electron Ltd.
3,546
1,185,560
Tri Chemical Laboratories, Inc.
12,208
244,270
Ulvac, Inc.
6,065
319,879
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT
$22,835,775
SOFTWARE − 2.9%
Appfolio, Inc., Class A*
736
132,620
Description
 
Number of
Shares
Value
Cadence Design Systems, Inc.*
795
$270,316
Constellation Software, Inc.
273
584,810
Dassault Systemes SE
3,157
73,448
Dynatrace, Inc.*
3,877
171,829
Intuit, Inc.
577
182,372
Lumine Group, Inc.*
844
14,594
Microsoft Corp.
8,487
3,944,079
Nemetschek SE
433
29,186
Roper Technologies, Inc.
686
268,892
Sage Group PLC (The)
6,449
84,953
Salesforce, Inc.
1,369
251,923
Sansan, Inc.
12,607
160,227
SAP SE
2,860
524,224
Synopsys, Inc.*
559
217,317
Topicus.com, Inc.*
376
27,358
Trimble, Inc.*
695
39,323
Tyler Technologies, Inc.*
87
26,935
Zscaler, Inc.*
657
99,338
TOTAL SOFTWARE
$7,103,744
SPECIALIZED REITS − 1.0%
American Tower Corp.
3,253
563,940
Equinix, Inc.
820
835,809
Lamar Advertising Co., Class A
4,930
788,603
Public Storage
580
188,019
TOTAL SPECIALIZED REITS
$2,376,371
SPECIALTY RETAIL − 2.0%
ABC-Mart, Inc.
9,144
156,461
and ST HD Co. Ltd.
3,650
77,440
Dick's Sporting Goods, Inc.
1,113
218,048
Fast Retailing Co. Ltd.
545
266,870
Five Below, Inc.*
1,975
428,832
Home Depot, Inc. (The)
1,243
412,626
Industria de Diseno Textil SA
13,069
852,931
JINS Holdings, Inc.
1,380
55,077
Kingfisher PLC
36,684
153,044
Lojas Renner SA
41,278
110,338
O'Reilly Automotive, Inc.*
4,206
375,806
PAL GROUP Holdings Co. Ltd.
16,651
157,126
Ross Stores, Inc.
3,080
773,296
TJX Cos., Inc. (The)
2,530
398,070
Ultrapar Participacoes SA
10,845
70,536
USS Co. Ltd.
1,896
23,944
Xebio Holdings Co. Ltd.
3,528
24,281
Zalando SE*
5,454
177,883
ZOZO, Inc.
5,772
41,620
TOTAL SPECIALTY RETAIL
$4,774,229
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS − 3.7%
Apple, Inc.
25,796
7,968,642
Canon, Inc.
455
12,665
Dell Technologies, Inc., Class C
1,287
521,711
FUJIFILM Holdings Corp.
3,163
74,456
HP, Inc.
2,669
72,784
Quadient SA
1,937
30,355
July 31, 2026 (unaudited) 

PORTFOLIO OF INVESTMENTS
9
Wilmington Global Alpha Equities Fund (continued)
Description
 
Number of
Shares
Value
Samsung Electronics Co. Ltd.
2,000
$348,110
TOTAL TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS
$9,028,723
TEXTILES, APPAREL & LUXURY GOODS − 0.2%
Burberry Group PLC*
6,258
100,869
Deckers Outdoor Corp.*
373
36,136
Hermes International SCA
59
104,541
Shenzhou International Group Holdings Ltd.
8,755
49,758
Swatch Group AG - BR (The)
649
145,101
Xtep International Holdings Ltd.
95,917
46,226
Yue Yuen Industrial Holdings Ltd.
40,954
74,119
TOTAL TEXTILES, APPAREL & LUXURY GOODS
$556,750
TOBACCO − 1.0%
British American Tobacco PLC
20,172
1,223,653
Imperial Brands PLC
322
12,220
Japan Tobacco, Inc.
6,022
268,502
Philip Morris International, Inc.
4,660
889,221
TOTAL TOBACCO
$2,393,596
TRADING COMPANIES & DISTRIBUTORS − 0.8%
Brenntag SE
1,395
98,371
Bunzl PLC
1,321
49,851
Fastenal Co.
7,897
376,766
Inaba Denki Sangyo Co. Ltd.
1,280
22,827
ITOCHU Corp.
21,431
268,951
MonotaRO Co. Ltd.
1,137
14,348
Sumitomo Corp.
22,868
237,369
Toyota Tsusho Corp.
3,814
158,301
Travis Perkins PLC
12,662
94,867
WW Grainger, Inc.
470
649,643
TOTAL TRADING COMPANIES & DISTRIBUTORS
$1,971,294
TRANSPORTATION INFRASTRUCTURE − 0.0%**
Kamigumi Co. Ltd.
998
32,409
WATER UTILITIES − 0.3%
Cia de Saneamento Basico do Estado de Sao
Paulo SABESP
126,224
686,007
WIRELESS TELECOMMUNICATION SERVICES − 0.8%
America Movil SAB de CV, Series B
176,032
223,604
Empresa Nacional de Telecomunicaciones SA
6,938
27,088
KDDI Corp.
70,512
1,299,093
MTN Group Ltd.
9,615
119,198
SK Telecom Co. Ltd.
1,559
88,096
SoftBank Corp.
151,835
213,112
Description
 
Number of
Shares
Value
VEON Ltd., ADR*
834
$43,610
TOTAL WIRELESS TELECOMMUNICATION SERVICES
$2,013,801
TOTAL COMMON STOCKS
(Cost $ 160,171,918)
$229,583,124
EXCHANGE-TRADED FUNDS − 0.3%
EQUITY FUNDS − 0.3%
iShares Core MSCI EAFE ETF
6,504
639,018
Next Funds TOPIX ETF
19,018
49,224
TOTAL EXCHANGE-TRADED FUNDS
(Cost $ 652,251)
$688,242
PREFERRED STOCKS − 0.2%
CONSUMER DISCRETIONARY − 0.1%
Volkswagen AG 7.00%
1,840
159,017
CONSUMER STAPLES − 0.1%
Henkel AG & Co. KGaA 2.62%
1,808
157,619
FINANCIALS − 0.0%**
Banco do Estado do Rio Grande do Sul SA
11.62%
22,300
61,588
INFORMATION TECHNOLOGY − 0.0%**
Samsung Electronics Co. Ltd. 0.98%
343
43,103
MATERIALS − 0.0%**
Fuchs SE 2.95%
1,578
73,142
TOTAL PREFERRED STOCKS
(Cost $ 476,413)
$494,469
WARRANTS − 0.0%**
Constellation Software, Inc., Expire
03/31/40*,(1)
905
—
TOTAL WARRANTS
(Cost $ —)
$—
MONEY MARKET FUND − 2.5%
BNY Dreyfus Government Cash Management
Fund, Institutional Shares 3.56%^
6,151,225
6,151,225
TOTAL MONEY MARKET FUND
(Cost $ 6,151,225)
$6,151,225
TOTAL INVESTMENTS – 97.2%
(COST $ 167,451,807)
$236,917,060
OTHER ASSETS LESS LIABILITIES – 2.8%
6,805,454
TOTAL NET ASSETS – 100.0%
$243,722,514
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below.
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
The following is a summary of the inputs used as of July 31, 2026 in valuing the Fund’s assets and liabilities carried at fair value:
 
 
Level 1
Level 2
Level 3
Total
Assets
Investments in Securities
Common Stocks
Aerospace & Defense
$2,322,665
$2,596,374
$—
$4,919,039
 July 31, 2026 (unaudited)

10
PORTFOLIO OF INVESTMENTS
Wilmington Global Alpha Equities Fund (continued)
 
Level 1
Level 2
Level 3
Total
Air Freight & Logistics
$1,255,179
$882,421
$—
$2,137,600
Automobile Components
16,021
1,663,432
—
1,679,453
Automobiles
831,788
3,474,705
—
4,306,493
Banks
4,808,307
12,961,454
—
17,769,761
Beverages
1,713,473
1,177,409
—
2,890,882
Biotechnology
1,360,764
156,059
—
1,516,823
Broadline Retail
5,831,603
1,606,204
—
7,437,807
Building Products
659,746
1,019,060
—
1,678,806
Capital Markets
5,643,930
3,015,483
—
8,659,413
Chemicals
1,388,613
5,756,280
—
7,144,893
Commercial Services & Supplies
1,284,973
182,540
—
1,467,513
Communications Equipment
1,181,941
274,324
—
1,456,265
Construction & Engineering
—
928,243
—
928,243
Construction Materials
265,503
155,564
—
421,067
Consumer Finance
703,304
48,973
—
752,277
Consumer Staples Distribution & Retail
931,109
642,590
—
1,573,699
Containers & Packaging
337,298
—
—
337,298
Distributors
180,872
—
—
180,872
Diversified REITs
—
309,645
—
309,645
Diversified Telecommunication Services
240,022
1,914,806
—
2,154,828
Electric Utilities
470,336
651,609
—
1,121,945
Electrical Equipment
516,992
1,681,738
—
2,198,730
Electronic Equipment, Instruments & Components
2,419,962
3,725,351
—
6,145,313
Energy Equipment & Services
244,677
—
—
244,677
Entertainment
1,021,030
904,302
—
1,925,332
Financial Services
2,948,600
823,248
—
3,771,848
Food Products
215,333
1,382,922
—
1,598,255
Gas Utilities
695,785
120,850
—
816,635
Ground Transportation
1,121,981
227,005
—
1,348,986
Health Care Equipment & Supplies
1,095,266
1,057,419
—
2,152,685
Health Care Providers & Services
2,803,560
734,061
—
3,537,621
Health Care REITs
1,005,044
—
—
1,005,044
Health Care Technology
93,127
266,748
—
359,875
Hotels, Restaurants & Leisure
2,406,203
2,293,531
—
4,699,734
Household Durables
673,435
1,473,848
—
2,147,283
Household Products
852,360
1,082,915
—
1,935,275
Industrial Conglomerates
206,836
859,684
—
1,066,520
Industrial REITs
—
215,638
—
215,638
Insurance
3,231,606
8,930,288
—
12,161,894
Interactive Media & Services
9,055,726
1,649,030
—
10,704,756
IT Services
772,042
1,363,818
—
2,135,860
Leisure Products
48,769
967,762
—
1,016,531
Life Sciences Tools & Services
1,043,284
23,792
—
1,067,076
Machinery
3,534,671
4,534,309
—
8,068,980
Marine Transportation
—
97,790
—
97,790
Media
246,499
1,243,650
—
1,490,149
Metals & Mining
607,858
1,861,867
—
2,469,725
Multi-Utilities
968,786
1,049,594
—
2,018,380
Office REITs
—
372,981
—
372,981
Oil, Gas & Consumable Fuels
3,029,324
3,907,015
—
6,936,339
Paper & Forest Products
122,605
339,432
—
462,037
Passenger Airlines
—
260,260
—
260,260
Personal Care Products
132,382
1,928,398
—
2,060,780
Pharmaceuticals
4,025,408
8,956,324
—
12,981,732
Professional Services
933,029
2,698,962
—
3,631,991
Real Estate Management & Development
74,394
840,943
—
915,337
Residential REITs
44,082
146,094
—
190,176
Retail REITs
218,819
67,219
—
286,038
Semiconductors & Semiconductor Equipment
15,402,758
7,433,017
—
22,835,775
July 31, 2026 (unaudited) 

PORTFOLIO OF INVESTMENTS
11
Wilmington Global Alpha Equities Fund (continued)
 
Level 1
Level 2
Level 3
Total
Software
$6,231,706
$872,038
$—
$7,103,744
Specialized REITs
2,376,371
—
—
2,376,371
Specialty Retail
2,787,552
1,986,677
—
4,774,229
Technology Hardware, Storage & Peripherals
8,563,137
465,586
—
9,028,723
Textiles, Apparel & Luxury Goods
36,136
520,614
—
556,750
Tobacco
889,221
1,504,375
—
2,393,596
Trading Companies & Distributors
1,026,409
944,885
—
1,971,294
Transportation Infrastructure
—
32,409
—
32,409
Water Utilities
686,007
—
—
686,007
Wireless Telecommunication Services
294,302
1,719,499
—
2,013,801
Exchange-Traded Funds
639,018
49,224
—
688,242
Preferred Stocks
61,588
432,881
—
494,469
Warrants
—
—
—
(a)
—
Money Market Fund
6,151,225
—
—
6,151,225
Real Estate Investment Trusts
467,540
—
—
467,540
Total Investments in Securities
$123,449,892
$113,467,168
$—
$236,917,060
Other Financial Instruments!
Forward Foreign Currency Contracts
$—
$94,814
$—
$94,814
Financial Futures Contracts
42,018
—
—
42,018
Total Assets - Other Financial Instruments
$42,018
$94,814
$—
$136,832
Liabilities
Other Financial Instruments!
Forward Foreign Currency Contracts
$—
$(217,936
)
$—
$(217,936
)
Financial Futures Contracts
(1,737,312
)
—
—
(1,737,312
)
Total Liabilities - Other Financial Instruments
$(1,737,312
)
$(217,936
)
$—
$(1,955,248
)
 
(a)
Includes internally fair valued securities currently priced at zero ($0).
!
Other financial instruments are derivative instruments, such as forward foreign currency contracts and financial futures contracts, which are valued at the unrealized
appreciation (depreciation) on the instrument.
The inputs or techniques used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Additional information on the Fund’s valuation policy is included in the most recent semi-annual or annual financial statements.

 
*
Non-income producing security.
**
Represents less than 0.05%.
^
7-Day net yield.
(1)
The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security in the Valuation Hierarchy table located at the end of the
Portfolio of Investments.
 
The following acronyms are used throughout this Portfolio of Investments:
ADR
American Depositary Receipt
CAD
Canadian Dollar
CHF
Swiss Franc
EAFE
Europe, Australasia and Far East
ETF
Exchange-Traded Fund
EUR
Euro
FTSE
Financial Times Stock Exchange
GBP
British Pound Sterling
HKD
Hong Kong Dollar
HSCE
Hang Seng China Enterprises
JPY
Japanese Yen
LLC
Limited Liability Corporation
MSCI
Morgan Stanley Capital International
NVDR
Non-Voting Depositary Receipt
OYJ
Public Limited Company
 July 31, 2026 (unaudited)

12
PORTFOLIO OF INVESTMENTS
Wilmington Global Alpha Equities Fund (continued)
PCL
Public Company Limited
PLC
Public Limited Company
REIT
Real Estate Investment Trust
S&P
Standard & Poor's
SCA
Limited Partnership With Share Capital
SpA
Societa per Azioni
SPI
Share Price Index
STOXX
Stock Index of the Eurozone
TOPIX
Tokyo Stock Price Index
TSX
Toronto Stock Exchange
 
At July 31, 2026, the country allocations of the Fund’s investments were as follows:
 
 
% of Net Assets
United States
44.4%
Japan
17.3%
United Kingdom
5.8%
France
3.5%
China
3.1%
Canada
2.5%
Netherlands
2.4%
Germany
2.3%
Taiwan
2.2%
Switzerland
1.6%
Italy
1.4%
Hong Kong
1.3%
Other Countries
6.9%
Other
5.3%
 
100.0%
At July 31, 2026, the Global Alpha Equities Fund had the following outstanding forward foreign currency contracts, which contractually obligates the Fund to deliver or receive currencies at specified future dates:
 
Settlement Date
Counterparty
Contracts to
Deliver/Receive
Contract
Amount
Contract
at Value
Unrealized
Appreciation
Unrealized
(Depreciation)
CONTRACTS SOLD
 
 
9/16/2026
UBS Securities LLC
237,000,000 JPY
$1,467,360
$1,495,148
$—
$(27,788
)
9/16/2026
Deutsche Bank AG
7,389,000 GBP
9,895,056
9,958,318
—
(63,262
)
9/16/2026
Deutsche Bank AG
12,798,000 EUR
14,831,482
14,785,753
45,729
—
9/16/2026
JP Morgan Securities LLC
390,000 CHF
493,517
484,905
8,612
—
9/16/2026
Wells Fargo Securities LLC
3,685,000 CAD
2,657,574
2,634,111
23,463
—
9/16/2026
Goldman Sachs & Co.
59,675,000 HKD
7,638,890
7,621,880
17,010
—
9/16/2026
BNP Paribas
4,805,200,000 JPY
30,187,405
30,314,291
—
(126,886
)
UNREALIZED APPRECIATION (DEPRECIATION) ON FORWARD
FOREIGN CURRENCY CONTRACTS
 
$94,814
$(217,936
)
July 31, 2026 (unaudited) 

PORTFOLIO OF INVESTMENTS
13
Wilmington Global Alpha Equities Fund (concluded)
At July 31, 2026, the Global Alpha Equities Fund had open financial futures contracts as follows:
 
Underlying Contracts to Buy/Sell
Expiration
Date
Number of
Contracts
Notional
Amount
Notional
Value
Unrealized
Appreciation
Unrealized
(Depreciation)
LONG POSITIONS:
 
 
EXCHANGE-TRADED:
 
 
SPI 200 Index
September 2026
22
$3,428,928
$3,461,008
$32,080
$—
SHORT POSITIONS:
 
 
EXCHANGE-TRADED:
 
 
E-mini Russell 2000 Index
September 2026
49
7,208,038
7,198,100
9,938
—
E-mini S&P 500 Index
September 2026
70
26,229,663
26,317,375
—
(87,712
)
Euro STOXX 50 Index
September 2026
212
15,309,412
15,579,933
—
(270,521
)
FTSE 100 Index
September 2026
79
11,144,301
11,568,210
—
(423,909
)
HSCE Index
August 2026
95
5,107,173
5,230,669
—
(123,496
)
MSCI EAFE Index
September 2026
133
21,102,193
21,162,295
—
(60,102
)
S&P TSX 60 Index
September 2026
8
2,344,839
2,379,142
—
(34,303
)
TOPIX Index
September 2026
111
27,074,648
27,811,917
—
(737,269
)
UNREALIZED APPRECIATION (DEPRECIATION)
ON FINANCIAL FUTURES CONTRACTS
 
$42,018
$(1,737,312
)
For additional information about significant accounting policies, refer to the Fund’s most recent semi-annual or annual financial statements.
 July 31, 2026 (unaudited)