WDIIX: Wilmington Diversified Income I

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WDIIX Wilmington Diversified Income I


Profile

WDIIX - Profile

Vitals

  • YTD Return -12.1%
  • 3 Yr Annualized Return -5.5%
  • 5 Yr Annualized Return -2.3%
  • Net Assets $33.7 M
  • Holdings in Top 10 36.7%

52 WEEK LOW AND HIGH

$9.65
$8.16
$11.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.44%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return -12.1%
  • 3 Yr Annualized Total Return -5.5%
  • 5 Yr Annualized Total Return -2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.20%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Wilmington Diversified Income Fund
  • Fund Family Name
    Wilmington Funds
  • Inception Date
    Jun 11, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Allen Choinski

Fund Description

The fund seeks to achieve its investment goal by investing primarily in a diverse portfolio of high-yielding, exchange-traded, domestic and foreign common stocks of all capitalizations, and in a portfolio of investment-grade and non-investment grade fixed income securities. It will also allocate a portion of the portfolio to real assets and to cash. The equity portion of the fund, which will make up approximately 60% of the portfolio (and may range from 35% to 70% of the portfolio), will consist of approximately 40% of U.S. equities and 20% of international equities.


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Categories

Performance

WDIIX - Performance

Return Ranking - Trailing

Period WDIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.1% -51.9% 165.7% 90.27%
1 Yr -9.0% -59.7% 132.2% 86.34%
3 Yr -5.5%* -20.1% 29.4% 89.89%
5 Yr -2.3%* -39.7% 11.7% 82.11%
10 Yr N/A* -38.5% 12.0% 24.89%

* Annualized

Return Ranking - Calendar

Period WDIIX Return Category Return Low Category Return High Rank in Category (%)
2019 13.3% -39.5% 46.8% 35.12%
2018 -9.0% -31.8% 19.0% 44.11%
2017 0.0% -27.1% 46.3% 94.77%
2016 3.4% -84.5% 146.1% 52.10%
2015 -2.6% -40.7% 14.6% 12.64%

Total Return Ranking - Trailing

Period WDIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.1% -51.9% 165.7% 90.27%
1 Yr -9.0% -59.7% 132.2% 86.45%
3 Yr -5.5%* -20.1% 29.4% 93.56%
5 Yr -2.3%* -39.7% 11.7% 90.92%
10 Yr N/A* -38.5% 12.8% 49.78%

* Annualized

Total Return Ranking - Calendar

Period WDIIX Return Category Return Low Category Return High Rank in Category (%)
2019 13.3% -39.5% 46.8% 35.12%
2018 -9.0% -27.6% 19.0% 67.56%
2017 0.0% -27.1% 46.3% 96.44%
2016 3.4% -84.5% 146.1% 79.49%
2015 -2.6% -36.9% 14.6% 50.42%

NAV & Total Return History


Holdings

WDIIX - Holdings

Concentration Analysis

WDIIX Category Low Category High WDIIX % Rank
Net Assets 33.7 M 100 K 161 B 84.46%
Number of Holdings 237 2 13590 41.26%
Net Assets in Top 10 12.5 M -35.2 M 27.1 B 85.29%
Weighting of Top 10 36.70% 10.6% 100.0% 53.43%

Top 10 Holdings

  1. iShares International Select Div ETF 14.90%
  2. iShares iBoxx $ High Yield Corp Bd ETF 5.18%
  3. SPDR® Dow Jones International RelEst ETF 3.79%
  4. Vanguard Inflation-Protected Secs Adm 3.53%
  5. Vanguard Real Estate ETF 2.54%
  6. United States Treasury Notes 2.25% 1.51%
  7. Qualcomm Inc 1.38%
  8. JPMorgan Chase & Co 1.34%
  9. Cisco Systems Inc 1.27%
  10. Johnson & Johnson 1.26%

Asset Allocation

Weighting Return Low Return High WDIIX % Rank
Stocks
57.41% -113.74% 77.51% 31.07%
Bonds
39.90% -5.02% 80.79% 51.75%
Cash
2.40% -120.83% 149.68% 70.88%
Convertible Bonds
0.25% -0.67% 85.36% 60.29%
Other
0.03% -10.55% 167.50% 43.42%
Preferred Stocks
0.00% 0.00% 45.01% 64.30%

Stock Sector Breakdown

Weighting Return Low Return High WDIIX % Rank
Financial Services
23.24% 0.00% 60.94% 6.29%
Real Estate
11.86% 0.00% 99.96% 12.69%
Healthcare
9.64% 0.00% 54.42% 86.88%
Utilities
9.57% 0.00% 100.00% 7.59%
Consumer Defense
9.46% 0.00% 21.09% 22.78%
Technology
8.85% 0.00% 100.00% 86.01%
Industrials
6.73% 0.00% 37.04% 80.26%
Communication Services
6.72% 0.00% 42.17% 68.44%
Energy
6.29% 0.00% 100.00% 15.29%
Consumer Cyclical
4.37% 0.00% 45.71% 87.20%
Basic Materials
3.27% 0.00% 24.33% 39.26%

Stock Geographic Breakdown

Weighting Return Low Return High WDIIX % Rank
US
37.08% -112.30% 75.52% 51.75%
Non US
20.33% -2.13% 31.77% 0.31%

Bond Sector Breakdown

Weighting Return Low Return High WDIIX % Rank
Corporate
40.78% 0.00% 100.00% 35.29%
Government
36.38% 0.00% 95.57% 18.00%
Securitized
17.17% 0.00% 83.64% 51.13%
Cash & Equivalents
5.68% -3.87% 100.00% 74.28%
Derivative
0.00% 0.00% 74.57% 40.23%
Municipal
0.00% 0.00% 99.50% 49.38%

Bond Geographic Breakdown

Weighting Return Low Return High WDIIX % Rank
US
38.88% -6.37% 88.92% 48.15%
Non US
1.02% -14.78% 29.41% 75.51%

Expenses

WDIIX - Expenses

Operational Fees

WDIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.44% 0.01% 7.41% 31.72%
Management Fee 0.40% 0.00% 2.50% 35.22%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% 10.61%

Sales Fees

WDIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

WDIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

WDIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 574.00% 18.69%

Distributions

WDIIX - Distributions

Dividend Yield Analysis

WDIIX Category Low Category High WDIIX % Rank
Dividend Yield 0.00% 0.00% 10.48% 6.07%

Dividend Distribution Analysis

WDIIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

WDIIX Category Low Category High WDIIX % Rank
Net Income Ratio 4.20% -5.24% 6.65% 2.91%

Capital Gain Distribution Analysis

WDIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

WDIIX - Fund Manager Analysis

Managers

Allen Choinski


Start Date

Tenure

Tenure Rank

Mar 12, 2012

8.31

8.3%

Allen E. Choinski, CFA, is a Vice President and Portfolio Manager/Research Analyst of WTIA and is responsible for quantitative equity research and portfolio management to support Wilmington Trust's quantitatively managed equity funds. Mr. Choinski also develops targeted quantitative models. Prior to joining Wilmington Trust in 2007, Mr. Choinski researched and implemented quantitative equity investment strategies at Alpha Equity Management, LLC. He began his investment management career as a financial advisor at Smith Barney, and later worked for five years at ING's Aeltus Investment Management in fundamental and quantitative research. Choiski holds Chartered Financial Analyst designation.

Matthew Glaser


Start Date

Tenure

Tenure Rank

Feb 06, 2017

3.4

3.4%

Matt is responsible for overseeing equity, nontraditional investments, and manager research for Wilmington Trust Investment Advisors, Inc., the investment advisory arm of Wilmington Trust and M&T Bank. Matt has more than two decades of experience in financial services and the investment management industry. He previously worked for Lazard Asset Management as a managing director and portfolio manager of the Lazard Master Alternatives Fund. Earlier in his career, he served as chief of investment strategies and executive managing director at Turner Investments, where he was a member of the Executive Management Group, Enterprise Risk Committee, and had oversight responsibility for the Turner Spectrum Fund. Matt also worked at Susquehanna International Group and as a managing director at J.P. Morgan and Robertson Stephens. He began working in the investment field in 1995. Matt holds an MBA from Columbia University and a bachelor’s degree in history from Wesleyan University. He serves on the board of directors of SquashSmarts, a nonprofit academic and athletic mentoring program based in Philadelphia, and the board of the investment firm Cramer Rosenthal McGlynn, LLC in New York.

Andrew Hopkins


Start Date

Tenure

Tenure Rank

Dec 31, 2017

2.5

2.5%

Andy is responsible for overseeing the equity research program for Wilmington Trust Investment Advisors Inc. (WTIA), the investment advisory arm of M&T Bank and Wilmington Trust. He manages a team of professionals responsible for equity research and portfolio management for both domestic and international equities, and he is responsible for WTIA’s quantitatively managed equity strategies, which include both passive and active managers. These strategies utilize a risk model and optimization process in an effort to mitigate portfolio drawdown and volatility. Andy is a member of the fundamental portfolio management team for the following strategies: Disciplined Core, Dividend Growth, Enhanced Dividend Income, and International Enhanced Dividend Income. Andy joined Wilmington Trust in 1987 and has specialized in investment accounting, pension disbursement, and 401(k) recordkeeping services during his tenure with the company. Prior to joining the equity research team, he was a portfolio manager in the Fixed Income division specializing in taxable, broad market portfolios. Andy holds an MBA from Wilmington University and a bachelor’s degree in finance from Goldey-Beacom College. He is a CFA® charterholder, has been a CFA grader, and is a member of the CFA Society Philadelphia.

Mark Horst


Start Date

Tenure

Tenure Rank

Dec 31, 2017

2.5

2.5%

Mark serves as an analyst and senior portfolio manager for Wilmington Trust Investment Advisors, Inc., the investment advisory arm of Wilmington Trust and M&T Bank. He is a member of the portfolio management team for the Dividend Growth Strategy and the Enhanced Dividend Income Strategy.  Mark has more than a decade of experience in institutional fundamental equity research and portfolio management. Prior to joining Wilmington Trust in 2013, he served as a senior equity analyst with Inverness Counsel, where he focused on identifying undervalued companies utilizing a GARP investment approach. Mark holds a master’s degree from the University of Michigan Ross School of Business and a bachelor’s degree in international business from Lehigh University. He is a CFA® charterholder and member of the CFA Society Philadelphia.

James Hannan


Start Date

Tenure

Tenure Rank

Dec 31, 2017

2.5

2.5%

James M. Hannan is an Administrative Vice President and has been a Portfolio Manager of WTIA since 1996 and a Vice President of M&T Bank since April 2003. Mr. Hannan was a Money Market trader at AllFirst Bank from 1987 to 1992 and a Portfolio Manager from 1992 until its acquisition by M&T Bank in April 2003. In addition to his portfolio management duties, Mr. Hannan is also responsible for several separately managed institutional portfolios. Mr. Hannan earned his B.S. from the University of Maryland and his M.B.A. from George Washington University.

Dominick D'Eramo


Start Date

Tenure

Tenure Rank

Dec 31, 2017

2.5

2.5%

Dominick J. D’Eramo, CFA, is Senior Vice President and Head of Fixed Income at Wilmington Trust Investment Advisors. He is a member of the investment team . Mr. D’Eramo has been affiliated with Wilmington Trust Corporation since 1986 and with WFMC since 1987 as a Fixed Income Trader. He was promoted to a Portfolio Manager in 1990. In 2007, he became Director of Institutional Fixed Income, responsible for all institutional fixed income products. A graduate of the University of Delaware with a bachelor's degree in Business Administration, Mr. D'Eramo earned his M.B.A. from Widener University and his designation as a Chartered Financial Analyst. Mr. D'Eramo is a member of the Financial Analysts of Philadelphia and has served as a grader for the Chartered Financial Analyst exam.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 39.52 6.83 0.5