WMLIX: Wilmington Large-Cap Strategy Instl

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WMLIX Wilmington Large-Cap Strategy Instl


Profile

WMLIX - Profile

Vitals

  • YTD Return 3.7%
  • 3 Yr Annualized Return 7.2%
  • 5 Yr Annualized Return 8.1%
  • Net Assets $538 M
  • Holdings in Top 10 24.8%

52 WEEK LOW AND HIGH

$25.40
$16.88
$27.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.86%

SALES FEES

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

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 8.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Wilmington Large-Cap Strategy Fund
  • Fund Family Name
    Wilmington Funds
  • Inception Date
    Jul 01, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew Hopkins

Fund Description

Under normal circumstances, the fund invests at least 80% of the value of its net assets in a diversified portfolio of U.S. equity (or equity-related) securities of large-cap companies (primarily common stocks). Large-cap companies are companies that have a market capitalization at the time of purchase at least equal to that of the smallest company in the Russell 1000 Index, or at least equal to that of the smallest company expected to be included in the Russell 1000 Index after its next scheduled reconstitution.


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Categories

Performance

WMLIX - Performance

Return Ranking - Trailing

Period WMLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -37.3% 1980.1% 25.53%
1 Yr 8.6% -73.2% 2122.8% 29.53%
3 Yr 7.2%* -33.7% 190.4% 17.48%
5 Yr 8.1%* -21.2% 99.1% 21.65%
10 Yr N/A* -6.4% 38.7% 4.97%

* Annualized

Return Ranking - Calendar

Period WMLIX Return Category Return Low Category Return High Rank in Category (%)
2019 23.9% -72.6% 39.5% 38.95%
2018 -10.5% -67.0% 10.0% 27.87%
2017 20.0% -32.8% 33.2% 11.40%
2016 8.5% -18.6% 19.7% 31.12%
2015 -5.5% -35.5% 7.8% 48.34%

Total Return Ranking - Trailing

Period WMLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -37.3% 1980.1% 25.53%
1 Yr 8.6% -73.2% 2122.8% 29.53%
3 Yr 7.2%* -33.7% 190.4% 37.28%
5 Yr 8.1%* -13.8% 99.1% 54.49%
10 Yr N/A* -4.8% 38.7% 7.10%

* Annualized

Total Return Ranking - Calendar

Period WMLIX Return Category Return Low Category Return High Rank in Category (%)
2019 23.9% -72.6% 39.5% 38.95%
2018 -10.5% -67.0% 10.0% 56.65%
2017 20.0% -22.1% 33.2% 46.00%
2016 8.5% -16.4% 26.8% 62.86%
2015 -5.5% -21.4% 106.5% 78.82%

NAV & Total Return History


Holdings

WMLIX - Holdings

Concentration Analysis

WMLIX Category Low Category High WMLIX % Rank
Net Assets 538 M 1.14 K 974 B 62.00%
Number of Holdings 970 1 3529 4.42%
Net Assets in Top 10 127 M 48.8 K 236 B 68.97%
Weighting of Top 10 24.82% 2.3% 100.0% 85.29%

Top 10 Holdings

  1. Apple Inc 5.75%
  2. Microsoft Corp 5.07%
  3. Amazon.com Inc 4.45%
  4. Facebook Inc A 2.01%
  5. Alphabet Inc A 1.49%
  6. Alphabet Inc Class C 1.45%
  7. Johnson & Johnson 1.26%
  8. Berkshire Hathaway Inc Class B 1.25%
  9. Visa Inc Class A 1.06%
  10. Procter & Gamble Co 1.04%

Asset Allocation

Weighting Return Low Return High WMLIX % Rank
Stocks
100.00% 80.83% 167.47% 8.17%
Preferred Stocks
0.00% 0.00% 14.67% 40.03%
Other
0.00% -4.07% 83.89% 38.28%
Convertible Bonds
0.00% 0.00% 13.87% 37.78%
Cash
0.00% -110.24% 19.17% 87.66%
Bonds
0.00% 0.00% 72.82% 42.92%

Stock Sector Breakdown

Weighting Return Low Return High WMLIX % Rank
Technology
23.55% 0.00% 38.54% 49.66%
Healthcare
14.66% 0.00% 31.05% 52.28%
Financial Services
12.70% 0.00% 42.66% 67.09%
Consumer Cyclical
11.77% 0.00% 50.96% 35.36%
Communication Services
10.82% 0.00% 28.36% 43.57%
Industrials
8.37% 0.00% 28.15% 63.28%
Consumer Defense
6.93% 0.00% 32.98% 65.14%
Real Estate
3.57% 0.00% 12.00% 23.77%
Utilities
2.93% 0.00% 29.37% 38.07%
Energy
2.38% -1.47% 13.74% 45.43%
Basic Materials
2.33% -0.14% 13.17% 43.23%

Stock Geographic Breakdown

Weighting Return Low Return High WMLIX % Rank
US
98.91% 80.53% 157.79% 16.85%
Non US
1.09% -1.85% 19.64% 60.38%

Expenses

WMLIX - Expenses

Operational Fees

WMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.01% 49.73% 55.52%
Management Fee 0.50% 0.00% 2.00% 43.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.95% 12.00%

Sales Fees

WMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

WMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 61.87%

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.

WMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 475.00% 35.43%

Distributions

WMLIX - Distributions

Dividend Yield Analysis

WMLIX Category Low Category High WMLIX % Rank
Dividend Yield 0.00% 0.00% 11.12% 38.25%

Dividend Distribution Analysis

WMLIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Semi-Annually Annually

Net Income Ratio Analysis

WMLIX Category Low Category High WMLIX % Rank
Net Income Ratio 1.69% -3.93% 3.34% 21.82%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

WMLIX - Fund Manager Analysis

Managers

Andrew Hopkins


Start Date

Tenure

Tenure Rank

Feb 17, 2011

9.54

9.5%

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.

Karen Purzitsky


Start Date

Tenure

Tenure Rank

Aug 31, 2015

5.01

5.0%

Karen Purzitsky, CFA, is a quantitative analyst responsible for analysis and modeling for the WTIA equity strategies. Ms. Purzitsky has a B.A. in Mathematics and Economics from York University, Toronto, Canada and an M.B.A. in Finance and Accounting from the University of Rochester.

Matthew Glaser


Start Date

Tenure

Tenure Rank

Mar 15, 2016

4.47

4.5%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 34.15 6.42 0.67