1

 

Wilmington Large-Cap Strategy Fund

PORTFOLIO OF INVESTMENTS

July 31, 2023 (unaudited)

Description	Number of Shares		Value
COMMON STOCKS – 99.6%
COMMUNICATION SERVICES – 8.3%
DIVERSIFIED TELECOMMUNICATION SERVICES – 0.6%
AT&T, Inc.		90,712	$	1,317,138
Frontier Communications Parent, Inc.*		2,500		45,525
Lumen Technologies, Inc.		4,885		8,744
Verizon Communications, Inc.		53,470		1,822,258
			$	3,193,665
ENTERTAINMENT – 1.4%
Activision Blizzard, Inc.*		9,970		924,817
AMC Entertainment Holdings, Inc., Class A*,#		6,550		32,554
Atlanta Braves Holdings, Inc., Class C*		80		3,258
Electronic Arts, Inc.		3,510		478,588
Liberty Media Corp. – Liberty Formula One, Class A*		105		6,749
Liberty Media Corp. – Liberty Formula One, Class C*		2,685		194,931
Live Nation Entertainment, Inc.*		2,070		181,643
Madison Square Garden Sports Corp.		229		48,720
Netflix, Inc.*		5,650		2,480,180
Playtika Holding Corp.*		100		1,194
ROBLOX Corp., Class A*		5,600		219,800
Roku, Inc.*		1,600		154,032
Spotify Technology SA*		1,820		271,926
Take-Two Interactive Software, Inc.*		2,118		323,927
Walt Disney Co. (The)*		23,483		2,087,404
Warner Bros Discovery, Inc.*		28,124		367,581
World Wrestling Entertainment, Inc., Class A		600		63,000
			$	7,840,304
INTERACTIVE MEDIA & SERVICES – 5.2%
Alphabet, Inc., Class A*		76,100		10,099,992
Alphabet, Inc., Class C*		65,830		8,762,631
IAC, Inc.*		950		66,120
Match Group, Inc.*		3,392		157,762
Meta Platforms, Inc., Class A*		28,280		9,010,008
Pinterest, Inc., Class A*		7,693		223,020
TripAdvisor, Inc.*		1,100		20,515
ZoomInfo Technologies, Inc.*		3,500		89,495
			$	28,429,543
MEDIA – 0.9%
Altice USA, Inc., Class A*		2,700		9,153
Cable One, Inc.		90		65,155
Charter Communications, Inc., Class A*		1,352		547,817
Comcast Corp., Class A		53,300		2,412,358
DISH Network Corp., Class A*		1,246		9,881
Fox Corp., Class A		3,526		117,945
Fox Corp., Class B		1,550		48,685
GCI Liberty, Inc. Escrow Shares*,(1)		1,461		—
Interpublic Group of Cos., Inc. (The)		4,768		163,209
Liberty Broadband Corp., Class A*		185		16,433

Description	Number of Shares		Value
Liberty Broadband Corp., Class C*		1,518	$	135,299
Liberty Media Corp. – Liberty SiriusXM, Class A*		1,243		39,403
Liberty Media Corp. – Liberty SiriusXM, Class C*		1,686		53,665
New York Times Co. (The), Class A		1,800		73,368
News Corp., Class A		5,007		99,239
News Corp., Class B		898		18,059
Nexstar Media Group, Inc., Class A		450		84,024
Omnicom Group, Inc.		2,490		210,704
Sirius XM Holdings, Inc.#		7,240		36,924
Trade Desk, Inc. (The), Class A*		5,600		511,056
Paramount Global, Class B#		7,146		114,550
			$	4,766,927
WIRELESS TELECOMMUNICATION SERVICES – 0.2%
T-Mobile US, Inc.*		6,869		946,342
TOTAL COMMUNICATION SERVICES			$	45,176,781
CONSUMER DISCRETIONARY – 10.9%
AUTOMOBILE COMPONENTS – 0.1%
Aptiv PLC*		3,500		383,215
BorgWarner, Inc.		3,080		143,220
Gentex Corp.		2,830		95,031
Lear Corp.		800		123,808
Phinia, Inc.*		616		17,476
QuantumScape Corp.*,#		3,450		45,920
			$	808,670
AUTOMOBILES – 2.1%
Ford Motor Co.		51,550		680,975
General Motors Co.		18,000		690,660
Harley-Davidson, Inc.		1,820		70,270
Lucid Group, Inc.*		8,850		67,349
Rivian Automotive, Inc., Class A*,#		6,650		183,806
Tesla, Inc.*		35,720		9,552,600
Thor Industries, Inc.		700		80,843
			$	11,326,503
BROADLINE RETAIL – 3.0%
Amazon.com, Inc.*		116,600		15,587,088
Coupang, Inc.*		500		9,075
eBay, Inc.		7,090		315,576
Etsy, Inc.*		1,600		162,640
Kohl’s Corp.		1,660		47,227
Macy’s, Inc.#		3,550		58,894
Nordstrom, Inc.#		1,380		31,892
Ollie’s Bargain Outlet Holdings, Inc.*		873		63,624
			$	16,276,016
DISTRIBUTORS – 0.1%
Genuine Parts Co.		1,920		298,982
LKQ Corp.		3,268		179,054

 

July 31, 2023 (unaudited)

2 PORTFOLIO OF INVESTMENTS

 

  Wilmington Large-Cap Strategy Fund (continued)

 

Description	Number of Shares		Value
Pool Corp.		500	$	192,370
			$	670,406
DIVERSIFIED CONSUMER SERVICES – 0.0%**
ADT, Inc.		2,560		16,333
Bright Horizons Family Solutions, Inc.*		783		75,974
Grand Canyon Education, Inc.*		400		43,420
H&R Block, Inc.		1,800		60,498
Mister Car Wash, Inc.*,#		750		7,448
Service Corp. International		1,970		131,300
			$	334,973
HOTELS, RESTAURANTS & LEISURE – 2.3%
Airbnb, Inc., Class A*		5,300		806,607
Aramark		2,983		120,424
Booking Holdings, Inc.*		480		1,425,984
Boyd Gaming Corp.		1,000		68,320
Caesars Entertainment, Inc.*		2,660		156,993
Carnival Corp.*		12,950		243,978
Chipotle Mexican Grill, Inc.*		350		686,798
Choice Hotels International, Inc.#		360		47,070
Churchill Downs, Inc.		900		104,265
Darden Restaurants, Inc.		1,600		270,272
Domino’s Pizza, Inc.		450		178,533
DoorDash, Inc., Class A*		3,870		351,357
DraftKings, Inc., Class A*		5,120		162,714
Expedia Group, Inc.*		1,902		233,052
Hilton Worldwide Holdings, Inc.		3,353		521,358
Hyatt Hotels Corp., Class A		650		82,127
Las Vegas Sands Corp.*		4,320		258,379
Marriott International, Inc., Class A		3,236		653,057
Marriott Vacations Worldwide Corp.		500		64,255
McDonald’s Corp.		9,499		2,785,107
MGM Resorts International		4,010		203,588
Norwegian Cruise Line Holdings Ltd.*		5,600		123,592
Penn Entertainment, Inc.*		2,050		53,895
Planet Fitness, Inc., Class A*		1,028		69,431
Restaurant Brands International LP		47		3,658
Royal Caribbean Cruises Ltd.*		2,880		314,237
Six Flags Entertainment Corp.*		550		13,145
Starbucks Corp.		14,740		1,497,142
Travel + Leisure Co.		810		32,991
Vail Resorts, Inc.		528		124,339
Wendy’s Co. (The)		2,065		44,377
Wyndham Hotels & Resorts, Inc.		1,160		90,387
Wynn Resorts Ltd.		1,368		149,085
Yum! Brands, Inc.		3,700		509,379
			$	12,449,896
HOUSEHOLD DURABLES – 0.4%
DR Horton, Inc.		4,170		529,674
Garmin Ltd.		1,990		210,721
Leggett & Platt, Inc.		1,770		51,790
Lennar Corp., Class A		3,410		432,490
Lennar Corp., Class B		76		8,733
Mohawk Industries, Inc.*		655		69,653
Newell Brands, Inc.		5,269		58,802
NVR, Inc.*		50		315,322

Description	Number of Shares		Value
PulteGroup, Inc.		2,990	$	252,326
Tempur Sealy International, Inc.		2,100		93,723
Toll Brothers, Inc.		1,450		116,479
TopBuild Corp.*		400		109,572
Whirlpool Corp.		685		98,818
			$	2,348,103
LEISURE PRODUCTS – 0.1%
Brunswick Corp.		950		81,994
Hasbro, Inc.		1,690		109,106
Mattel, Inc.*		4,600		97,980
Peloton Interactive, Inc., Class A*		3,650		35,442
Polaris, Inc.		700		95,088
YETI Holdings, Inc.*		1,050		44,730
			$	464,340
SPECIALTY RETAIL – 2.2%
Advance Auto Parts, Inc.		800		59,512
AutoNation, Inc.*		480		77,270
AutoZone, Inc.*		260		645,247
Bath & Body Works, Inc.		2,960		109,698
Best Buy Co., Inc.		2,630		218,421
Burlington Stores, Inc.*		850		150,977
CarMax, Inc.*		2,000		165,220
Carvana Co.*,#		100		4,595
Dick’s Sporting Goods, Inc.		700		98,700
Five Below, Inc.*		728		151,672
Floor & Decor Holdings, Inc., Class A*		1,360		156,196
GameStop Corp., Class A*,#		3,500		77,700
Gap, Inc. (The)		2,800		28,840
Home Depot, Inc. (The)		13,100		4,373,304
Leslie’s, Inc.*		500		3,185
Lithia Motors, Inc.		350		108,686
Lowe’s Cos., Inc.		7,700		1,803,879
O’Reilly Automotive, Inc.*		800		740,632
Penske Automotive Group, Inc.		300		48,426
Petco Health & Wellness Co., Inc.*		1,150		9,384
RH*		240		93,161
Ross Stores, Inc.		4,390		503,270
TJX Cos., Inc. (The)		14,930		1,291,893
Tractor Supply Co.		1,450		324,785
Ulta Beauty, Inc.*		650		289,120
Valvoline, Inc.		2,250		85,433
Victoria’s Secret & Co.*		1,003		20,551
Wayfair, Inc., Class A*,#		1,048		81,608
Williams-Sonoma, Inc.		860		119,230
			$	11,840,595
TEXTILES, APPAREL & LUXURY GOODS – 0.6%
Capri Holdings Ltd.*		1,650		60,902
Carter’s, Inc.		450		33,755
Columbia Sportswear Co.		468		36,789
Deckers Outdoor Corp.*		350		190,291
Hanesbrands, Inc.		2,000		10,540
Lululemon Athletica, Inc.*		1,450		548,868
NIKE, Inc., Class B		15,490		1,709,941
PVH Corp.		820		73,505
Ralph Lauren Corp.		535		70,262

July 31, 2023 (unaudited)

PORTFOLIO OF INVESTMENTS 3

 

Wilmington Large-Cap Strategy Fund (continued)

Description	Number of Shares		Value
Skechers USA, Inc., Class A*		1,793	$	99,655
Tapestry, Inc.		3,230		139,374
Under Armour, Inc., Class A*		2,678		21,585
Under Armour, Inc., Class C*		2,150		15,953
VF Corp.		4,300		85,183
			$	3,096,603
TOTAL CONSUMER DISCRETIONARY			$	59,616,105
CONSUMER STAPLES – 6.1%
BEVERAGES – 1.5%
Boston Beer Co., Inc. (The), Class A*		100		37,144
Brown-Forman Corp., Class A#		550		39,550
Brown-Forman Corp., Class B		2,375		167,675
Coca-Cola Co. (The)		49,400		3,059,342
Constellation Brands, Inc., Class A		1,950		531,960
Keurig Dr. Pepper, Inc.		12,200		414,922
Molson Coors Beverage Co., Class B		2,200		153,494
Monster Beverage Corp.*		9,600		551,904
PepsiCo., Inc.		17,550		3,289,923
			$	8,245,914
CONSUMER STAPLES DISTRIBUTION & RETAIL – 1.8%
Albertsons Cos., Inc., Class A		4,900		106,477
BJ’s Wholesale Club Holdings, Inc.*		1,700		112,727
Casey’s General Stores, Inc.		485		122,540
Costco Wholesale Corp.		5,700		3,195,819
Dollar General Corp.		2,800		472,808
Dollar Tree, Inc.*		2,712		418,543
Grocery Outlet Holding Corp.*		1,050		35,123
Kroger Co. (The)		8,350		406,144
Performance Food Group Co.*		2,050		122,508
Sysco Corp.		6,500		496,015
Target Corp.		5,860		799,714
U.S. Foods Holding Corp.*		2,750		117,508
Walgreens Boots Alliance, Inc.		9,050		271,228
Walmart, Inc.		18,100		2,893,466
			$	9,570,620
FOOD PRODUCTS – 1.0%
Archer-Daniels-Midland Co.		6,900		586,224
Bunge Ltd.		1,795		195,063
Campbell Soup Co.		2,500		114,550
Conagra Brands, Inc.		5,950		195,219
Darling Ingredients, Inc.*		2,050		141,963
Flowers Foods, Inc.		2,300		56,833
Freshpet, Inc.*,#		550		40,447
General Mills, Inc.		7,350		549,339
Hershey Co. (The)		1,900		439,489
Hormel Foods Corp.		3,400		138,992
Ingredion, Inc.		800		89,008
J.M. Smucker Co. (The)		1,300		195,845
Kellogg Co.		3,150		210,703
Kraft Heinz Co. (The)		9,850		356,373
Lamb Weston Holdings, Inc.		1,900		196,897
McCormick & Co., Inc.		3,100		277,388
Mondelez International, Inc., Class A		17,200		1,275,036
Pilgrim’s Pride Corp.*		550		13,624
Post Holdings, Inc.*		738		62,951

Description	Number of Shares		Value
Tyson Foods, Inc., Class A		3,500	$	195,020
			$	5,330,964
HOUSEHOLD PRODUCTS – 1.2%
Church & Dwight Co., Inc.		3,150		301,360
Clorox Co. (The)		1,600		242,368
Colgate-Palmolive Co.		10,350		789,291
Kimberly-Clark Corp.		4,200		542,220
Procter & Gamble Co. (The)		29,900		4,673,370
Reynolds Consumer Products, Inc.		350		9,688
Spectrum Brands Holdings, Inc.		400		31,364
			$	6,589,661
PERSONAL CARE PRODUCTS – 0.1%
Coty, Inc., Class A*		4,890		58,876
Estee Lauder Cos., Inc. (The), Class A		2,950		531,000
Olaplex Holdings, Inc.*		1,700		6,120
			$	595,996
TOBACCO – 0.5%
Altria Group, Inc.		22,550		1,024,221
Philip Morris International, Inc.		19,650		1,959,498
			$	2,983,719
TOTAL CONSUMER STAPLES			$	33,316,874
ENERGY – 4.1%
ENERGY EQUIPMENT & SERVICES – 0.4%
Baker Hughes Co.		12,600		450,954
Halliburton Co.		11,263		440,158
NOV, Inc.		5,098		102,368
Schlumberger NV		17,496		1,020,716
			$	2,014,196
OIL, GAS & CONSUMABLE FUELS – 3.7%
Antero Midstream Corp.		5,000		59,700
Antero Resources Corp.*		3,700		98,975
APA Corp.		3,940		159,531
Cheniere Energy, Inc.		3,130		506,622
Chesapeake Energy Corp.		1,600		134,944
Chevron Corp.		21,914		3,586,445
ConocoPhillips		15,128		1,780,868
Coterra Energy, Inc.		9,774		269,176
Devon Energy Corp.		7,836		423,144
Diamondback Energy, Inc.		2,297		338,394
DT Midstream, Inc.		1,425		76,266
Enviva, Inc.		450		6,062
EOG Resources, Inc.		7,430		984,698
EQT Corp.		4,550		191,919
Exxon Mobil Corp.		50,793		5,447,041
Hess Corp.		3,540		537,124
HF Sinclair Corp.		1,890		98,450
Kinder Morgan, Inc.		26,055		461,434
Marathon Oil Corp.		8,350		219,355
Marathon Petroleum Corp.		5,550		738,261
New Fortress Energy, Inc.		900		25,695
Occidental Petroleum Corp.		8,810		556,175
ONEOK, Inc.		5,510		369,390
Ovintiv, Inc.		3,250		149,793

 

July 31, 2023 (unaudited)

4 PORTFOLIO OF INVESTMENTS

 

  Wilmington Large-Cap Strategy Fund (continued)

 

Description	Number of Shares		Value
PDC Energy, Inc.		1,200	$	91,068
Phillips 66		5,640		629,142
Pioneer Natural Resources Co.		3,026		682,877
Range Resources Corp.		3,050		95,862
Southwestern Energy Co.*		14,450		93,636
Targa Resources Corp.		2,750		225,472
Texas Pacific Land Corp.		100		150,630
Valero Energy Corp.		4,570		589,119
Vitesse Energy, Inc.#		299		7,532
Williams Cos., Inc. (The)		14,770		508,826
			$	20,293,626
TOTAL ENERGY			$	22,307,822
FINANCIALS – 13.3%
BANKS – 3.2%
Bank of America Corp.		91,200		2,918,400
Bank of Hawaii Corp.#		270		15,425
Bank OZK#		1,450		63,408
BOK Financial Corp.		370		32,960
Citigroup, Inc.		25,632		1,221,621
Citizens Financial Group, Inc.		6,350		204,851
Columbia Banking System, Inc.		2,348		52,478
Comerica, Inc.		1,730		93,351
Commerce Bancshares, Inc.		1,358		72,218
Cullen/Frost Bankers, Inc.		890		96,636
East West Bancorp, Inc.		1,873		116,519
Fifth Third Bancorp		8,850		257,535
First Citizens BancShares, Inc., Class A		150		214,695
First Hawaiian, Inc.		1,750		36,208
First Republic Bank		2,400		768
FNB Corp.		4,250		54,357
Huntington Bancshares, Inc.		18,496		226,391
JPMorgan Chase & Co.		38,320		6,053,027
KeyCorp.		12,294		151,339
M&T Bank Corp.§		2,323		324,895
New York Community Bancorp, Inc.		8,633		119,740
NU Holdings Ltd., Class A*		500		3,980
Pinnacle Financial Partners, Inc.		1,000		75,900
PNC Financial Services Group, Inc. (The)		5,210		713,197
Popular, Inc.		938		68,052
Prosperity Bancshares, Inc.		1,123		71,108
Regions Financial Corp.		12,306		250,673
Synovus Financial Corp.		1,744		59,122
Truist Financial Corp.		17,407		578,261
U.S. Bancorp		20,270		804,314
Webster Financial Corp.		2,312		109,404
Wells Fargo & Co.		49,475		2,283,766
Western Alliance Bancorp		1,200		62,340
Wintrust Financial Corp.		800		67,488
Zions Bancorp NA		1,840		70,380
			$	17,544,807
CAPITAL MARKETS – 3.1%
Affiliated Managers Group, Inc.		470		65,161
Ameriprise Financial, Inc.		1,390		484,345
Ares Management Corp., Class A		2,100		208,362
Bank of New York Mellon Corp. (The)		10,370		470,383

Description	Number of Shares		Value
BlackRock, Inc.		2,010	$	1,485,088
Blackstone, Inc.		9,270		971,403
Blue Owl Capital, Inc.		5,150		63,448
Carlyle Group, Inc. (The)		2,700		96,255
Cboe Global Markets, Inc.		1,350		188,568
Charles Schwab Corp. (The)		19,455		1,285,975
CME Group, Inc.		4,700		935,112
Coinbase Global, Inc., Class A*,#		2,250		221,872
Evercore, Inc., Class A		450		60,777
FactSet Research Systems, Inc.		540		234,922
Franklin Resources, Inc.#		3,770		110,235
Goldman Sachs Group, Inc. (The)		4,240		1,508,889
Interactive Brokers Group, Inc., Class A		1,198		104,621
Intercontinental Exchange, Inc.		7,290		836,892
Invesco Ltd.		4,720		79,296
Janus Henderson Group PLC		1,800		52,830
Jefferies Financial Group, Inc.		2,548		93,741
KKR & Co., Inc.		8,434		500,811
Lazard Ltd., Class A		1,300		45,630
LPL Financial Holdings, Inc.		1,050		240,828
MarketAxess Holdings, Inc.		500		134,610
Moody’s Corp.		2,090		737,247
Morgan Stanley		15,826		1,449,029
Morningstar, Inc.		300		69,144
MSCI, Inc.		1,020		559,042
Nasdaq, Inc.		4,540		229,225
Northern Trust Corp.		2,680		214,722
Raymond James Financial, Inc.		2,565		282,330
Robinhood Markets, Inc., Class A*		9,100		117,026
S&P Global, Inc.		4,239		1,672,328
SEI Investments Co.		1,540		97,005
State Street Corp.		4,570		331,051
Stifel Financial Corp.		1,300		82,602
T Rowe Price Group, Inc.		2,930		361,152
Tradeweb Markets, Inc., Class A		1,550		126,774
Virtu Financial, Inc., Class A		1,350		25,056
XP, Inc., Class A*		3,950		106,689
			$	16,940,476
CONSUMER FINANCE – 0.5%
Ally Financial, Inc.		3,913		119,503
American Express Co.		7,790		1,315,575
Capital One Financial Corp.		5,000		585,100
Credit Acceptance Corp.*,#		100		55,660
Discover Financial Services		3,380		356,759
OneMain Holdings, Inc.		1,550		70,494
SLM Corp.		3,510		56,792
SoFi Technologies, Inc.*,#		12,250		140,262
Synchrony Financial		5,900		203,786
			$	2,903,931
FINANCIAL SERVICES – 4.2%
Affirm Holdings, Inc.*,#		3,150		61,078
Apollo Global Management, Inc.		6,876		561,838
Berkshire Hathaway, Inc., Class B*		24,046		8,463,230
Block, Inc.*		7,150		575,789
Equitable Holdings, Inc.		4,843		138,946
Euronet Worldwide, Inc.*		665		58,434

July 31, 2023 (unaudited)

PORTFOLIO OF INVESTMENTS 5

 

Wilmington Large-Cap Strategy Fund (continued)

Description	Number of Shares		Value
Fidelity National Information Services, Inc.		7,750	$	467,945
Fiserv, Inc.*		7,660		966,769
FleetCor Technologies, Inc.*		950		236,464
Global Payments, Inc.		3,513		387,308
Jack Henry & Associates, Inc.		1,000		167,570
Mastercard, Inc., Class A		11,020		4,344,966
MGIC Investment Corp.		4,300		71,982
PayPal Holdings, Inc.*		14,765		1,119,482
Rocket Cos., Inc., Class A*,#		2,800		30,604
Shift4 Payments, Inc., Class A*		750		51,743
Toast, Inc., Class A*,#		4,150		91,590
UWM Holdings Corp.#		1,900		12,464
Visa, Inc., Class A		21,220		5,044,631
Voya Financial, Inc.		1,330		98,766
Western Union Co. (The)		5,190		63,214
WEX, Inc.*		565		106,983
			$	23,121,796
INSURANCE – 2.2%
Aflac, Inc.		8,100		585,954
Allstate Corp. (The)		3,430		386,492
American Financial Group, Inc.		950		115,530
American International Group, Inc.		9,580		577,482
Aon PLC, Class A		2,700		859,950
Arch Capital Group Ltd.*		4,720		366,697
Arthur J. Gallagher & Co.		2,780		597,144
Assurant, Inc.		730		98,192
Assured Guaranty Ltd.		750		44,835
Axis Capital Holdings Ltd.		1,080		59,530
Brighthouse Financial, Inc.*		950		49,524
Brown & Brown, Inc.		3,240		228,258
Chubb Ltd.		5,397		1,103,201
Cincinnati Financial Corp.		2,006		215,805
CNA Financial Corp.		150		5,874
Erie Indemnity Co., Class A		70		15,537
Everest Group Ltd.		620		223,516
F&G Annuities & Life, Inc.		237		6,209
Fidelity National Financial, Inc.		3,491		136,742
First American Financial Corp.		1,328		84,169
Globe Life, Inc.		1,193		133,819
Hanover Insurance Group, Inc. (The)		500		56,740
Hartford Financial Services Group, Inc. (The)		4,040		290,395
Kemper Corp.		778		39,655
Lincoln National Corp.		2,458		68,922
Loews Corp.		2,700		169,155
Markel Group, Inc.*		180		260,948
Marsh & McLennan Cos., Inc.		6,490		1,222,846
MetLife, Inc.		8,551		538,456
Old Republic International Corp.		3,468		95,613
Primerica, Inc.		523		111,242
Principal Financial Group, Inc.		3,240		258,779
Progressive Corp. (The)		7,630		961,227
Prudential Financial, Inc.		4,880		470,871
Reinsurance Group of America, Inc.		890		124,912
RenaissanceRe Holdings Ltd.		728		135,961
Ryan Specialty Holdings, Inc.*		1,450		62,843
Travelers Cos., Inc. (The)		2,980		514,378
Unum Group		2,660		129,303

Description	Number of Shares		Value
W.R. Berkley Corp.		2,730	$	168,414
White Mountains Insurance Group Ltd.		60		92,821
Willis Towers Watson PLC		1,400		295,862
			$	11,963,803
MORTGAGE REAL ESTATE INVESTMENT TRUSTS (REITS) – 0.1%
AGNC Investment Corp.#		8,385		85,443
Annaly Capital Management, Inc.		6,082		122,188
Starwood Property Trust, Inc.#		3,768		78,148
			$	285,779
TOTAL FINANCIALS			$	72,760,592
HEALTH CARE – 12.7%
BIOTECHNOLOGY – 2.1%
2seventy bio, Inc.*		16		121
AbbVie, Inc.		22,461		3,359,716
Alnylam Pharmaceuticals, Inc.*		1,600		312,640
Amgen, Inc.		6,814		1,595,498
Apellis Pharmaceuticals, Inc.*		1,000		25,750
Biogen, Inc.*		1,850		499,851
BioMarin Pharmaceutical, Inc.*		2,400		211,032
Exact Sciences Corp.*		2,300		224,342
Exelixis, Inc.*		4,200		82,782
Gilead Sciences, Inc.		15,944		1,213,976
Horizon Therapeutics PLC*		2,850		285,769
Incyte Corp.*		2,410		153,565
Ionis Pharmaceuticals, Inc.*		1,800		74,574
Karuna Therapeutics, Inc.*		450		89,897
Mirati Therapeutics, Inc.*		550		16,649
Moderna, Inc.*		4,250		500,055
Natera, Inc.*		1,350		61,047
Neurocrine Biosciences, Inc.*		1,250		127,363
Novavax, Inc.*,#		880		8,166
Regeneron Pharmaceuticals, Inc.*		1,300		964,483
Sarepta Therapeutics, Inc.*		1,115		120,855
Seagen, Inc.*		1,800		345,204
Ultragenyx Pharmaceutical, Inc.*		950		40,964
United Therapeutics Corp.*		590		143,205
Vertex Pharmaceuticals, Inc.*		3,243		1,142,639
			$	11,600,143
HEALTH CARE EQUIPMENT & SUPPLIES – 2.6%
Abbott Laboratories		21,945		2,443,137
Align Technology, Inc.*		1,010		381,669
Baxter International, Inc.		6,580		297,613
Becton Dickinson & Co.		3,634		1,012,505
Boston Scientific Corp.*		18,550		961,817
Cooper Cos., Inc. (The)		650		254,319
DENTSPLY SIRONA, Inc.		2,729		113,308
DexCom, Inc.*		4,950		616,572
Edwards Lifesciences Corp.*		7,866		645,563
Enovis Corp.*		650		41,535
Envista Holdings Corp.*		2,250		77,423
GE HealthCare Technologies, Inc.		1,000		78,000
Globus Medical, Inc., Class A*		900		54,243
Hologic, Inc.*		3,190		253,350
ICU Medical, Inc.*		250		44,545
IDEXX Laboratories, Inc.*		1,030		571,372

 

July 31, 2023 (unaudited)

6 PORTFOLIO OF INVESTMENTS

 

  Wilmington Large-Cap Strategy Fund (continued)

 

Description	Number of Shares		Value
Inspire Medical Systems, Inc.*		400	$	115,124
Insulet Corp.*		900		249,075
Integra LifeSciences Holdings Corp.*		848		38,559
Intuitive Surgical, Inc.*		4,450		1,443,580
Masimo Corp.*		550		67,265
Medtronic PLC		16,826		1,476,650
Novocure Ltd.*		1,350		44,064
Penumbra, Inc.*		450		136,512
QuidelOrtho Corp.*,#		668		58,356
ResMed, Inc.		1,870		415,794
Shockwave Medical, Inc.*		450		117,270
STERIS PLC		1,300		293,215
Stryker Corp.		4,550		1,289,515
Tandem Diabetes Care, Inc.*		900		31,428
Teleflex, Inc.		610		153,214
Zimmer Biomet Holdings, Inc.		2,760		381,294
			$	14,157,886
HEALTH CARE PROVIDERS & SERVICES – 2.7%
Acadia Healthcare Co., Inc.*		1,150		90,885
agilon health, Inc.*		3,400		65,110
Amedisys, Inc.*		400		36,336
AmerisourceBergen Corp.		2,120		396,228
Cardinal Health, Inc.		3,270		299,107
Centene Corp.*		6,980		475,268
Chemed Corp.		200		104,218
Cigna Group (The)		3,792		1,119,019
CVS Health Corp.		16,271		1,215,281
DaVita, Inc.*		738		75,269
Elevance Health, Inc.		3,060		1,443,188
Encompass Health Corp.		1,230		81,217
Enhabit, Inc.*		740		10,160
Guardant Health, Inc.*		135		5,268
HCA Healthcare, Inc.		2,650		722,946
Henry Schein, Inc.*		1,720		135,519
Humana, Inc.		1,630		744,633
Laboratory Corp. of America Holdings		1,157		247,517
McKesson Corp.		1,750		704,200
Molina Healthcare, Inc.*		750		228,367
Premier, Inc., Class A		1,150		31,913
Quest Diagnostics, Inc.		1,400		189,294
Tenet Healthcare Corp.*		1,250		93,412
UnitedHealth Group, Inc.		11,820		5,985,293
Universal Health Services, Inc., Class B		830		115,337
			$	14,614,985
HEALTH CARE TECHNOLOGY – 0.1%
Certara, Inc.*		1,450		28,232
Definitive Healthcare Corp.*		450		5,324
Doximity, Inc., Class A*,#		1,550		55,381
Teladoc Health, Inc.*		2,087		62,130
Veeva Systems, Inc., Class A*		1,820		371,680
			$	522,747
LIFE SCIENCES TOOLS & SERVICES – 1.6%
10X Genomics, Inc., Class A*		1,240		78,095
Agilent Technologies, Inc.		3,740		455,420
Avantor, Inc.*		7,945		163,429

Description	Number of Shares		Value
Azenta, Inc.*		800	$	37,584
Bio-Rad Laboratories, Inc., Class A*		290		117,554
Bio-Techne Corp.		2,000		166,800
Bruker Corp.		1,400		96,208
Charles River Laboratories International, Inc.*		670		140,392
Danaher Corp.		8,380		2,137,403
Fortrea Holdings, Inc.*		1,157		36,978
ICON PLC*		1,000		251,410
Illumina, Inc.*		2,040		391,986
IQVIA Holdings, Inc.*		2,330		521,361
Maravai LifeSciences Holdings, Inc., Class A*		1,500		16,965
Medpace Holdings, Inc.*		250		63,292
Mettler-Toledo International, Inc.*		270		339,517
QIAGEN NV*		3,000		140,460
Repligen Corp.*		750		128,670
Revvity, Inc.		420		51,639
Sotera Health Co.*		1,100		20,878
Syneos Health, Inc.*		1,350		57,253
Thermo Fisher Scientific, Inc.		4,920		2,699,407
Waters Corp.*		760		209,920
West Pharmaceutical Services, Inc.		950		349,638
			$	8,672,259
PHARMACEUTICALS – 3.6%
AstraZeneca PLC, ADR		51		3,657
Bristol-Myers Squibb Co.		26,576		1,652,762
Catalent, Inc.*		2,400		116,448
Elanco Animal Health, Inc.*		5,800		70,006
Eli Lilly & Co.		10,730		4,877,322
Jazz Pharmaceuticals PLC*		810		105,640
Johnson & Johnson		33,000		5,528,490
Merck & Co., Inc.		32,216		3,435,836
Organon & Co.		3,266		71,787
Perrigo Co. PLC		1,808		66,245
Pfizer, Inc.		71,603		2,582,004
Royalty Pharma PLC, Class A		4,600		144,348
Viatris, Inc.		14,755		155,370
Zoetis, Inc.		5,881		1,106,157
			$	19,916,072
TOTAL HEALTH CARE			$	69,484,092
INDUSTRIALS – 9.5%
AEROSPACE & DEFENSE – 1.6%
Axon Enterprise, Inc.*		900		167,337
Boeing Co. (The)*		7,240		1,729,274
BWX Technologies, Inc.		1,255		86,595
Curtiss-Wright Corp.		465		88,982
General Dynamics Corp.		3,180		710,984
HEICO Corp.#		550		96,789
HEICO Corp., Class A		1,052		147,648
Hexcel Corp.		1,150		81,282
Howmet Aerospace, Inc.		4,916		251,404
Huntington Ingalls Industries, Inc.		495		113,687
L3Harris Technologies, Inc.		2,432		460,840
Lockheed Martin Corp.		2,940		1,312,328
Mercury Systems, Inc.*		650		24,687
Northrop Grumman Corp.		1,870		832,150

July 31, 2023 (unaudited)

PORTFOLIO OF INVESTMENTS 7

 

Wilmington Large-Cap Strategy Fund (continued)

Description	Number of Shares		Value
RTX Corp.		18,904	$	1,662,229
Spirit AeroSystems Holdings, Inc., Class A#		1,240		39,457
Textron, Inc.		2,603		202,435
TransDigm Group, Inc.		690		620,807
Woodward, Inc.		775		93,295
			$	8,722,210
AIR FREIGHT & LOGISTICS – 0.6%
C.H. Robinson Worldwide, Inc.		1,584		158,685
Expeditors International of Washington, Inc.		2,130		271,149
FedEx Corp.		3,010		812,550
GXO Logistics, Inc.*		1,350		90,545
United Parcel Service, Inc., Class B		9,380		1,755,279
			$	3,088,208
BUILDING PRODUCTS – 0.6%
A.O. Smith Corp.		1,700		123,471
Advanced Drainage Systems, Inc.		850		103,692
Allegion PLC		1,133		132,402
Armstrong World Industries, Inc.		628		48,582
AZEK Co., Inc. (The)*		1,950		60,840
Builders FirstSource, Inc.*		1,750		252,752
Carlisle Cos., Inc.		690		191,268
Carrier Global Corp.		11,050		658,027
Fortune Brands Innovations, Inc.		110		7,818
Hayward Holdings, Inc.*,#		650		8,684
Johnson Controls International PLC		9,081		631,584
Lennox International, Inc.		400		146,976
Masco Corp.		2,730		165,656
Masterbrand, Inc.*		160		1,976
Owens Corning		1,248		174,708
Trane Technologies PLC		3,000		598,320
Trex Co., Inc.*		1,494		103,295
			$	3,410,051
COMMERCIAL SERVICES & SUPPLIES – 0.5%
Cintas Corp.		1,120		562,285
Clean Harbors, Inc.*		650		108,069
Copart, Inc.*		5,600		494,984
Driven Brands Holdings, Inc.*		750		19,403
MSA Safety, Inc.		450		74,700
RB Global, Inc.		2,226		143,532
Rentokil Initial PLC, ADR		35		1,428
Republic Services, Inc.		2,740		414,041
Rollins, Inc.		3,050		124,531
Stericycle, Inc.*		1,235		52,475
Tetra Tech, Inc.		700		118,447
Waste Management, Inc.		5,340		874,639
			$	2,988,534
CONSTRUCTION & ENGINEERING – 0.2%
AECOM		1,725		150,075
EMCOR Group, Inc.		550		118,272
MasTec, Inc.*		850		100,087
MDU Resources Group, Inc.		2,350		51,982
Quanta Services, Inc.		1,888		380,659
Valmont Industries, Inc.		260		68,835

Description	Number of Shares		Value
WillScot Mobile Mini Holdings Corp.*		2,700	$	129,465
			$	999,375
ELECTRICAL EQUIPMENT – 0.7%
Acuity Brands, Inc.		400		66,096
AMETEK, Inc.		3,110		493,246
ChargePoint Holdings, Inc.*,#		3,350		29,011
Eaton Corp. PLC		5,178		1,063,147
Emerson Electric Co.		7,440		679,644
Generac Holdings, Inc.*		847		130,184
Hubbell, Inc.		690		215,280
nVent Electric PLC		2,216		117,182
Plug Power, Inc.*,#		6,950		91,184
Regal Rexnord Corp.		900		140,562
Rockwell Automation, Inc.		1,520		511,161
Sensata Technologies Holding PLC		2,098		88,641
Sunrun, Inc.*		2,600		49,348
Vertiv Holdings Co.		4,050		105,340
			$	3,780,026
GROUND TRANSPORTATION – 1.1%
Avis Budget Group, Inc.*		250		55,072
CSX Corp.		26,800		892,976
Hertz Global Holdings, Inc.*		1,900		32,015
JB Hunt Transport Services, Inc.		1,030		210,058
Knight-Swift Transportation Holdings, Inc.		1,885		114,514
Landstar System, Inc.		440		89,580
Lyft, Inc., Class A*		4,300		54,653
Norfolk Southern Corp.		2,960		691,426
Old Dominion Freight Line, Inc.		1,300		545,337
Ryder System, Inc.		540		55,161
Saia, Inc.*		400		169,256
Schneider National, Inc., Class B		323		9,952
Uber Technologies, Inc.*		25,400		1,256,284
U-Haul Holding Co.		113		6,877
U-Haul Holding Co.		17		973
Union Pacific Corp.		7,920		1,837,598
XPO, Inc.*		1,450		100,398
			$	6,122,130
INDUSTRIAL CONGLOMERATES – 0.8%
3M Co.		7,130		794,995
General Electric Co.		14,165		1,618,210
Honeywell International, Inc.		8,650		1,679,224
			$	4,092,429
MACHINERY – 1.9%
AGCO Corp.		845		112,470
Allison Transmission Holdings, Inc.		1,200		70,428
Caterpillar, Inc.		6,700		1,776,639
CNH Industrial NV		500		7,180
Crane Co.		650		60,899
Crane NXT Co.		100		5,915
Cummins, Inc.		1,880		490,304
Deere & Co.		3,540		1,520,784
Donaldson Co., Inc.		1,860		116,864
Dover Corp.		1,860		271,504
Esab Corp.		849		58,326
Flowserve Corp.		1,798		67,892

 

July 31, 2023 (unaudited)

8 PORTFOLIO OF INVESTMENTS

 

  Wilmington Large-Cap Strategy Fund (continued)

 

Description	Number of Shares		Value
Fortive Corp.		4,540	$	355,709
Gates Industrial Corp. PLC*		1,200		16,344
Graco, Inc.		2,320		184,046
IDEX Corp.		1,020		230,326
Illinois Tool Works, Inc.		3,950		1,040,114
Ingersoll Rand, Inc.		5,394		352,066
ITT, Inc.		1,185		118,026
Lincoln Electric Holdings, Inc.		750		150,533
Middleby Corp. (The)*		700		106,295
Nordson Corp.		750		188,708
Oshkosh Corp.		790		72,735
Otis Worldwide Corp.		5,425		493,458
PACCAR, Inc.		6,710		577,932
Parker-Hannifin Corp.		1,660		680,617
Pentair PLC		2,314		160,823
Snap-on, Inc.		680		185,259
Stanley Black & Decker, Inc.		1,920		190,598
Timken Co. (The)		800		74,288
Toro Co. (The)		1,380		140,277
Westinghouse Air Brake Technologies Corp.		2,315		274,189
Xylem, Inc.		3,110		350,652
			$	10,502,200
MARINE TRANSPORTATION – 0.0%**
Kirby Corp.*		800		65,184
PASSENGER AIRLINES – 0.2%
Alaska Air Group, Inc.*		1,625		79,024
American Airlines Group, Inc.*		8,293		138,908
Copa Holdings SA, Class A#		50		5,901
Delta Air Lines, Inc.		8,340		385,808
JetBlue Airways Corp.*		2,350		18,259
Southwest Airlines Co.		7,680		262,349
United Airlines Holdings, Inc.*		4,283		232,610
			$	1,122,859
PROFESSIONAL SERVICES – 0.9%
Automatic Data Processing, Inc.		5,380		1,330,259
Booz Allen Hamilton Holding Corp.		1,750		211,890
Broadridge Financial Solutions, Inc.		1,530		256,918
CACI International, Inc., Class A*		303		106,183
Ceridian HCM Holding, Inc.*		1,875		132,769
Clarivate PLC*		6,400		60,864
Concentrix Corp.		543		45,199
Dun & Bradstreet Holdings, Inc.		3,100		36,642
Equifax, Inc.		1,610		328,569
FTI Consulting, Inc.*		450		78,822
Genpact Ltd.		2,245		81,022
Jacobs Solutions, Inc.		1,550		194,385
KBR, Inc.		1,900		116,831
Leidos Holdings, Inc.		1,800		168,354
ManpowerGroup, Inc.		510		40,229
Paychex, Inc.		4,270		535,757
Paycom Software, Inc.		650		239,694
Paycor HCM, Inc.*		450		12,087
Paylocity Holding Corp.*		525		119,096
Robert Half, Inc.		1,398		103,662
Science Applications International Corp.		700		84,938
SS&C Technologies Holdings, Inc.		2,800		163,100

Description	Number of Shares		Value
TransUnion		2,600	$	207,194
Verisk Analytics, Inc.		1,900		434,986
			$	5,089,450
TRADING COMPANIES & DISTRIBUTORS – 0.4%
Air Lease Corp.		1,450		61,393
Core & Main, Inc., Class A*		1,000		31,610
Fastenal Co.		7,340		430,197
Ferguson PLC		500		80,810
MSC Industrial Direct Co., Inc., Class A		590		59,543
SiteOne Landscape Supply, Inc.*		550		93,500
United Rentals, Inc.		920		427,506
Univar Solutions, Inc.*		2,200		79,508
Watsco, Inc.#		450		170,185
WESCO International, Inc.		600		105,342
WW Grainger, Inc.		590		435,709
			$	1,975,303
TOTAL INDUSTRIALS			$	51,957,959
INFORMATION TECHNOLOGY – 26.8%
COMMUNICATIONS EQUIPMENT – 0.8%
Arista Networks, Inc.*		3,150		488,533
Ciena Corp.*		1,973		83,261
Cisco Systems, Inc.		52,350		2,724,294
F5, Inc.*		763		120,737
Juniper Networks, Inc.		4,240		117,872
Lumentum Holdings, Inc.*		900		47,124
Motorola Solutions, Inc.		2,180		624,853
Ubiquiti, Inc.		50		8,883
Viasat, Inc.*		950		29,393
			$	4,244,950
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS – 0.6%
Amphenol Corp., Class A		7,450		657,910
Arrow Electronics, Inc.*		685		97,640
Avnet, Inc.		950		46,075
CDW Corp.		1,790		334,855
Cognex Corp.		2,250		122,895
Coherent Corp.*		1,418		67,156
Corning, Inc.		9,620		326,503
IPG Photonics Corp.*		400		52,580
Jabil, Inc.		1,608		177,957
Keysight Technologies, Inc.*		2,250		362,430
Littelfuse, Inc.		293		89,248
National Instruments Corp.		1,720		101,480
TD SYNNEX Corp.		543		53,600
Teledyne Technologies, Inc.*		593		228,026
Trimble, Inc.*		3,180		171,084
Vontier Corp.		1,956		60,499
Zebra Technologies Corp., Class A*		650		200,174
			$	3,150,112
IT SERVICES – 1.4%
Accenture PLC, Class A		8,100		2,562,435
Akamai Technologies, Inc.*		2,000		189,000
Amdocs Ltd.		1,470		137,651
Cloudflare, Inc., Class A*		3,650		251,010
Cognizant Technology Solutions Corp., Class A		6,510		429,855

July 31, 2023 (unaudited)

PORTFOLIO OF INVESTMENTS 9

 

Wilmington Large-Cap Strategy Fund (continued)

Description	Number of Shares		Value
DXC Technology Co.*		2,826	$	78,139
EPAM Systems, Inc.*		700		165,767
Gartner, Inc.*		1,000		353,590
Globant SA*		500		87,365
GoDaddy, Inc., Class A*		2,050		158,034
International Business Machines Corp.		11,610		1,673,930
Kyndryl Holdings, Inc.*		2,412		32,948
MongoDB, Inc.*		865		366,241
Okta, Inc.*		1,950		149,877
Snowflake, Inc., Class A*		3,930		698,400
Thoughtworks Holding, Inc.*		1,150		8,154
Twilio, Inc., Class A*		2,100		138,663
VeriSign, Inc.*		1,200		253,140
Wix.com Ltd.*		40		3,773
			$	7,737,972
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT – 6.8%
Advanced Micro Devices, Inc.*		20,568		2,352,979
Allegro MicroSystems, Inc.*		750		38,708
Analog Devices, Inc.		6,442		1,285,372
Applied Materials, Inc.		10,780		1,634,140
Broadcom, Inc.		5,233		4,702,635
Cirrus Logic, Inc.*		700		56,560
Enphase Energy, Inc.*		1,700		258,111
Entegris, Inc.		1,950		213,935
First Solar, Inc.*		1,400		290,360
GLOBALFOUNDRIES, Inc.*		800		50,952
Intel Corp.		53,270		1,905,468
KLA Corp.		1,750		899,412
Lam Research Corp.		1,730		1,242,988
Lattice Semiconductor Corp.*		1,650		150,051
Marvell Technology, Inc.		10,911		710,633
Microchip Technology, Inc.		6,978		655,513
Micron Technology, Inc.		14,000		999,460
MKS Instruments, Inc.		733		80,022
Monolithic Power Systems, Inc.		580		324,504
NVIDIA Corp.		30,395		14,203,280
ON Semiconductor Corp.*		5,528		595,642
Qorvo, Inc.*		1,250		137,525
QUALCOMM, Inc.		14,230		1,880,779
Skyworks Solutions, Inc.		2,000		228,740
Teradyne, Inc.		2,050		231,527
Texas Instruments, Inc.		11,550		2,079,000
Universal Display Corp.		500		72,940
Wolfspeed, Inc.*,#		1,575		103,793
			$	37,385,029
SOFTWARE – 10.1%
Adobe, Inc.*		5,860		3,200,556
Alteryx, Inc., Class A*		850		35,241
ANSYS, Inc.*		1,130		386,573
AppLovin Corp., Class A*		2,850		89,490
Aspen Technology, Inc.*		317		56,585
Atlassian Corp., Class A*		1,900		345,686
Autodesk, Inc.*		2,730		578,733
Bentley Systems, Inc., Class B		2,100		113,148
BILL Holdings, Inc.*		1,300		162,942
Black Knight, Inc.*		1,837		129,178

Description	Number of Shares		Value
Cadence Design Systems, Inc.*		3,510	$	821,375
CCC Intelligent Solutions Holdings, Inc.*		2,300		25,346
Confluent, Inc., Class A*,#		2,050		70,807
Crowdstrike Holdings, Inc., Class A*		2,669		431,471
Datadog, Inc., Class A*		3,498		408,287
DocuSign, Inc.*		2,550		137,241
Dolby Laboratories, Inc., Class A		840		74,432
DoubleVerify Holdings, Inc.*		1,050		44,205
Dropbox, Inc., Class A*		3,100		83,545
Dynatrace, Inc.*		2,723		148,921
Elastic NV*		1,050		69,772
Fair Isaac Corp.*		300		251,391
Five9, Inc.*		893		78,361
Fortinet, Inc.*		8,350		648,962
Gen Digital, Inc.		6,920		134,594
Guidewire Software, Inc.*		1,150		97,543
HubSpot, Inc.*		603		350,072
Informatica, Inc., Class A*		500		9,520
Intuit, Inc.		3,500		1,790,950
Jamf Holding Corp.*,#		100		2,172
Manhattan Associates, Inc.*		773		147,349
Microsoft Corp.		95,099		31,945,656
N-Able, Inc.*		436		6,135
nCino, Inc.*		800		25,880
NCR Corp.*		1,620		43,546
New Relic, Inc.*		750		62,985
Nutanix, Inc., Class A*		2,950		89,090
Oracle Corp.		19,510		2,287,157
Palantir Technologies, Inc., Class A*		23,820		472,589
Palo Alto Networks, Inc.*		3,870		967,345
Pegasystems, Inc.		320		16,880
Procore Technologies, Inc.*		1,000		75,850
PTC, Inc.*		1,350		196,843
RingCentral, Inc., Class A*		1,050		43,428
Roper Technologies, Inc.		1,350		665,617
Salesforce, Inc.*		12,066		2,714,971
SentinelOne, Inc., Class A*		2,350		39,175
ServiceNow, Inc.*		2,600		1,515,800
Smartsheet, Inc., Class A*		1,705		75,702
Splunk, Inc.*		2,000		216,660
Synopsys, Inc.*		1,950		881,010
Teradata Corp.*		1,370		77,884
Tyler Technologies, Inc.*		550		218,146
UiPath, Inc., Class A*		4,700		84,976
Unity Software, Inc.*		3,410		156,314
VMware, Inc., Class A*		2,719		428,596
Workday, Inc., Class A*		2,600		616,538
Zoom Video Communications, Inc., Class A*		3,028		222,104
Zscaler, Inc.*		1,100		176,418
			$	55,247,743
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS – 7.1%
Apple, Inc.		190,690		37,461,051
Dell Technologies, Inc., Class C		269		14,235
Hewlett Packard Enterprise Co.		16,090		279,644
HP, Inc.		11,140		365,726
NetApp, Inc.		2,903		226,463
Pure Storage, Inc., Class A*		3,495		129,280

 

July 31, 2023 (unaudited)

10 PORTFOLIO OF INVESTMENTS

 

  Wilmington Large-Cap Strategy Fund (continued)

 

Description	Number of Shares		Value
Western Digital Corp.*		4,233	$	180,157
			$	38,656,556
TOTAL INFORMATION TECHNOLOGY			$	146,422,362
MATERIALS – 2.7%
CHEMICALS – 1.7%
Air Products & Chemicals, Inc.		2,850		870,190
Albemarle Corp.		1,500		318,420
Ashland, Inc.		600		54,816
Axalta Coating Systems Ltd.*		2,710		86,720
Celanese Corp.		1,400		175,546
CF Industries Holdings, Inc.		2,500		205,200
Chemours Co. (The)		1,850		68,413
Corteva, Inc.		9,112		514,190
Dow, Inc.		9,029		509,868
DuPont de Nemours, Inc.		5,912		458,949
Eastman Chemical Co.		1,500		128,370
Ecolab, Inc.		3,200		586,048
Element Solutions, Inc.		3,100		64,976
FMC Corp.		1,600		153,968
Ginkgo Bioworks Holdings, Inc.*,#		15,500		38,905
Huntsman Corp.		2,150		64,005
International Flavors & Fragrances, Inc.		3,190		269,906
Linde PLC		6,180		2,414,341
LyondellBasell Industries NV, Class A		3,200		316,352
Mosaic Co. (The)		4,165		169,765
NewMarket Corp.		50		22,585
Olin Corp.		1,450		83,636
PPG Industries, Inc.		2,900		417,310
RPM International, Inc.		1,700		175,627
Scotts Miracle-Gro Co. (The)#		495		34,670
Sherwin-Williams Co. (The)		3,000		829,500
Westlake Corp.		400		55,000
			$	9,087,276
CONSTRUCTION MATERIALS – 0.2%
Eagle Materials, Inc.		500		92,185
Knife River Corp.*		662		28,777
Martin Marietta Materials, Inc.		800		357,168
Vulcan Materials Co.		1,700		374,850
			$	852,980
CONTAINERS & PACKAGING – 0.3%
Amcor PLC		17,851		183,151
AptarGroup, Inc.		915		111,136
Ardagh Metal Packaging SA		1,850		6,993
Avery Dennison Corp.		1,050		193,210
Ball Corp.		4,050		237,694
Berry Global Group, Inc.		1,693		111,010
Crown Holdings, Inc.		1,468		136,172
Graphic Packaging Holding Co.		4,055		98,131
International Paper Co.		4,350		156,861
Packaging Corp. of America		1,100		168,685
Sealed Air Corp.		1,750		79,835
Silgan Holdings, Inc.		1,155		50,647
Sonoco Products Co.		1,330		77,991

Description	Number of Shares		Value
Westrock Co.		3,050	$	101,535
			$	1,713,051
METALS & MINING – 0.5%
Alcoa Corp.		2,250		81,428
Cleveland-Cliffs, Inc.*		6,700		118,255
Freeport-McMoRan, Inc.		18,350		819,327
MP Materials Corp.*		1,150		27,428
Newmont Corp.		10,100		433,492
Nucor Corp.		3,200		550,688
Reliance Steel & Aluminum Co.		800		234,288
Royal Gold, Inc.		758		91,066
Southern Copper Corp.		950		83,068
SSR Mining, Inc.		2,450		35,672
Steel Dynamics, Inc.		2,200		234,476
United States Steel Corp.		3,250		82,875
			$	2,792,063
PAPER & FOREST PRODUCTS – 0.0%**
Louisiana-Pacific Corp.		950		72,324
TOTAL MATERIALS			$	14,517,694
REAL ESTATE – 2.8%
DIVERSIFIED REITS – 0.0%**
WP Carey, Inc.		2,700		182,331
HEALTH CARE REITS – 0.2%
Healthcare Realty Trust, Inc.		5,030		98,236
Healthpeak Properties, Inc.		7,130		155,648
Medical Properties Trust, Inc.#		7,200		72,648
Omega Healthcare Investors, Inc.		3,200		102,080
Ventas, Inc.		5,236		254,051
Welltower, Inc.		6,570		539,725
			$	1,222,388
HOTEL & RESORT REITS – 0.1%
Host Hotels & Resorts, Inc.		8,780		161,552
Park Hotels & Resorts, Inc.		3,150		42,935
			$	204,487
INDUSTRIAL REITS – 0.4%
Americold Realty Trust, Inc.		3,440		111,525
EastGroup Properties, Inc.		500		88,590
First Industrial Realty Trust, Inc.		1,750		90,475
Prologis, Inc.		12,278		1,531,680
Rexford Industrial Realty, Inc.		2,600		143,234
STAG Industrial, Inc.		2,150		78,045
			$	2,043,549
OFFICE REITS – 0.1%
Alexandria Real Estate Equities, Inc.		2,165		272,097
Boston Properties, Inc.		1,900		126,597
Cousins Properties, Inc.		1,833		44,780
Douglas Emmett, Inc.#		910		13,377
Highwoods Properties, Inc.		1,290		32,598
Hudson Pacific Properties, Inc.		1,303		7,649
JBG SMITH Properties#		1,071		17,918
Kilroy Realty Corp.		1,525		54,443
SL Green Realty Corp.		460		17,347

July 31, 2023 (unaudited)

PORTFOLIO OF INVESTMENTS 11

 

Wilmington Large-Cap Strategy Fund (continued)

Description	Number of Shares		Value
Vornado Realty Trust		1,826	$	41,048
			$	627,854
REAL ESTATE MANAGEMENT & DEVELOPMENT – 0.2%
CBRE Group, Inc., Class A*		4,060		338,239
CoStar Group, Inc.*		5,350		449,240
Howard Hughes Corp. (The)*		508		42,890
Jones Lang LaSalle, Inc.*		628		104,593
Opendoor Technologies, Inc.*		1,600		8,176
WeWork, Inc., Class A*		1,650		357
Zillow Group, Inc., Class A*		500		26,610
Zillow Group, Inc., Class C*,#		2,295		124,297
			$	1,094,402
RESIDENTIAL REITS – 0.4%
American Homes 4 Rent, Class A		4,140		155,167
Apartment Income REIT Corp.		1,904		65,764
Apartment Investment & Management Co., Class A		2,854		23,774
AvalonBay Communities, Inc.		1,872		353,153
Camden Property Trust		1,320		143,999
Equity LifeStyle Properties, Inc.		2,500		177,950
Equity Residential		4,900		323,106
Essex Property Trust, Inc.		823		200,442
Invitation Homes, Inc.		8,050		285,775
Mid-America Apartment Communities, Inc.		1,471		220,150
Sun Communities, Inc.		1,600		208,480
UDR, Inc.		4,280		174,966
			$	2,332,726
RETAIL REITS – 0.3%
Agree Realty Corp.		1,050		68,019
Brixmor Property Group, Inc.		4,200		95,508
Federal Realty Investment Trust		1,048		106,393
Kimco Realty Corp.		8,056		163,215
NNN REIT, Inc.		2,315		98,804
Realty Income Corp.		8,640		526,781
Regency Centers Corp.		2,233		146,328
Simon Property Group, Inc.		4,193		522,448
Spirit Realty Capital, Inc.		1,850		74,610
			$	1,802,106
SPECIALIZED REITS – 1.1%
American Tower Corp.		6,210		1,181,825
Crown Castle, Inc.		5,690		616,170
CubeSmart		2,933		127,175
Digital Realty Trust, Inc.		3,810		474,802
EPR Properties		1,000		44,640
Equinix, Inc.		1,281		1,037,508
Extra Space Storage, Inc.		2,712		378,514
Gaming and Leisure Properties, Inc.		3,209		152,299
Iron Mountain, Inc.		3,656		224,478
Lamar Advertising Co., Class A		1,050		103,635
National Storage Affiliates Trust		1,100		37,169
Public Storage		2,060		580,405
Rayonier, Inc.		1,965		65,081
SBA Communications Corp.		1,350		295,582
VICI Properties, Inc.		13,088		412,010

Description	Number of Shares		Value
Weyerhaeuser Co.		9,792	$	333,516
			$	6,064,809
TOTAL REAL ESTATE			$	15,574,652
UTILITIES – 2.4%
ELECTRIC UTILITIES – 1.5%
Alliant Energy Corp.		3,400		182,716
American Electric Power Co., Inc.		6,500		550,810
Avangrid, Inc.#		550		20,394
Constellation Energy Corp.		4,233		409,119
Duke Energy Corp.		9,800		917,476
Edison International		4,850		349,006
Entergy Corp.		2,650		272,155
Evergy, Inc.		2,850		170,915
Eversource Energy		4,500		325,485
Exelon Corp.		12,600		527,436
FirstEnergy Corp.		6,750		265,882
Hawaiian Electric Industries, Inc.		1,100		42,229
IDACORP, Inc.		550		56,551
NextEra Energy, Inc.		25,850		1,894,805
NRG Energy, Inc.		2,750		104,473
OGE Energy Corp.		2,563		92,652
PG&E Corp.*		22,900		403,269
Pinnacle West Capital Corp.		1,500		124,230
PPL Corp.		9,600		264,288
Southern Co. (The)		13,950		1,009,143
Xcel Energy, Inc.		7,100		445,383
			$	8,428,417
GAS UTILITIES – 0.1%
Atmos Energy Corp.		1,800		219,078
National Fuel Gas Co.		900		47,799
UGI Corp.		2,250		60,728
			$	327,605
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS – 0.1%
AES Corp. (The)		9,000		194,670
Brookfield Renewable Corp., Class A#		1,750		54,548
Vistra Corp.		5,200		145,912
			$	395,130
MULTI-UTILITIES – 0.6%
Ameren Corp.		3,350		286,995
CenterPoint Energy, Inc.		8,000		240,720
CMS Energy Corp.		3,900		238,173
Consolidated Edison, Inc.		4,350		412,641
Dominion Energy, Inc.		10,593		567,255
DTE Energy Co.		2,500		285,750
NiSource, Inc.		5,450		151,728
Public Service Enterprise Group, Inc.		6,350		400,812
Sempra		4,000		596,080
WEC Energy Group, Inc.		3,950		354,947
			$	3,535,101
WATER UTILITIES – 0.1%
American Water Works Co., Inc.		2,450		361,203

 

July 31, 2023 (unaudited)

12 PORTFOLIO OF INVESTMENTS

 

  Wilmington Large-Cap Strategy Fund (continued)

 

Description	Number of Shares		Value
Essential Utilities, Inc.		2,700	$	114,183
			$	475,386
TOTAL UTILITIES			$	13,161,639
TOTAL COMMON STOCKS (COST $158,994,952)			$	544,296,572
PREFERRED STOCKS – 0.0%**
REAL ESTATE – 0.0%**
REAL ESTATE MANAGEMENT & DEVELOPMENT – 0.0%**
Brookfield Property Preferred LP 6.25%*,#		400		6,500
TOTAL REAL ESTATE			$	6,500
COMMUNICATION SERVICES – 0.0%**
ENTERTAINMENT – 0.0%**
AMC Entertainment Holdings, Inc. Preferred Equity Units 0.00%*		950		1,758
TOTAL COMMUNICATION SERVICES			$	1,758
TOTAL PREFERRED STOCKS (COST $15,283)			$	8,258
RIGHTS – 0.0%**
ABIOMED, Inc. CVR, Expire 12/31/49*,(1)		150		—
Bristol-Myers Squibb Co. CVR, Expire 12/31/30*		89		9
TOTAL RIGHTS (COST $0)			$	9
WARRANTS – 0.0%**
Occidental Petroleum Corp. CW27, Expire 08/03/27*		1,645		67,741
TOTAL WARRANTS (COST $0)			$	67,741
INVESTMENT COMPANIES – 0.2%
EQUITY FUNDS – 0.2%
iShares Russell 1000 ETF		2,000		504,340
iShares Russell 1000 Growth ETF		900		256,176
iShares Russell 1000 Value ETF		1,545		252,438
TOTAL EQUITY FUNDS			$	1,012,954
TOTAL INVESTMENT COMPANIES (COST $955,680)			$	1,012,954
MONEY MARKET FUND – 0.0%**
Dreyfus Government Cash Management Fund, Institutional Shares, 5.14%^		58,088		58,088
TOTAL MONEY MARKET FUND (COST $58,088)			$	58,088

Description	Par Value		Value
CASH COLLATERAL INVESTED FOR SECURITIES ON LOAN – 0.4%
REPURCHASE AGREEMENTS – 0.4%
Bank of America Securities, Inc., 5.30%, dated 7/31/23, due 8/01/23, repurchase price $416,933, collateralized by U.S. Government Agency Securities, 2.00% to 6.50%, maturing 5/01/36 to 9/01/61; total market value of $425,209.	$	416,872	$	416,872
Bank of Montreal, 5.30%, dated 7/31/23, due 8/01/23, repurchase price $120,463, collateralized by U.S. Government Agency Securities, 2.50% to 5.50%, maturing 10/01/50 to 7/01/53; total market value of $122,854.		120,445		120,445
Daiwa Capital Markets America, 5.30%, dated 7/31/23, due 8/01/23, repurchase price $416,933, collateralized by U.S. Government Agency Securities, 1.50% to 6.50%, maturing 6/01/35 to 8/01/53; total market value of $425,209.		416,872		416,872
Deutsche Bank Securities, Inc., 5.30%, dated 7/31/23, due 8/01/23, repurchase price $416,933, collateralized by U.S. Government Agency Securities, 1.00% to 7.00%, maturing 9/01/28 to 8/01/53; total market value of $425,209.		416,872		416,872
HSBC Securities USA, Inc., 5.29%, dated 7/31/23, due 8/01/23, repurchase price $416,933, collateralized by U.S. Government Agency & Treasury Securities, 0.00% to 4.08%, maturing 9/05/23 to 11/15/52; total market value of $425,209.		416,872		416,872
RBC Dominion Securities, Inc., 5.30%, dated 7/31/23, due 8/01/23, repurchase price $416,933, collateralized by U.S. Government Agency & Treasury Securities, 0.00% to 6.00%, maturing 10/19/23 to 7/20/53; total market value of $425,209.		416,872		416,872
TOTAL REPURCHASE AGREEMENTS (COST $2,204,805)			$	2,204,805
TOTAL CASH COLLATERAL INVESTED FOR SECURITIES ON LOAN (COST $2,204,805)			$	2,204,805
TOTAL INVESTMENTS – 100.2% (COST $162,228,808)			$	547,648,427
COLLATERAL FOR SECURITIES ON LOAN – (0.4%)				(2,204,805	)
OTHER ASSETS LESS LIABILITIES – 0.2%				1,332,663
TOTAL NET ASSETS – 100.0%			$	546,776,285

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)

July 31, 2023 (unaudited)

PORTFOLIO OF INVESTMENTS 13

 

Wilmington Large-Cap Strategy Fund (concluded)

The following is a summary of the inputs used as of July 31, 2023 in valuing the Fund’s assets carried at fair value:

	Level 1			Level 2			Level 3		Total
Investments in Securities
Common Stocks		$	544,117,527		$	179,045		$ —(a)		$	544,296,572
Preferred Stocks			8,258			—		—			8,258
Rights			9			—		—(a)			9
Warrants			67,741			—		—			67,741
Investment Companies			1,012,954			—		—			1,012,954
Money Market Fund			58,088			—		—			58,088
Repurchase Agreements			—			2,204,805		—			2,204,805
Total		$	545,264,577		$	2,383,850		$ —		$	547,648,427

(a) Includes internally fair valued securities currently priced at zero ($0).

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 shareholder report.

* Non-income producing security.

^#  Security, or a portion thereof, is on loan.

** Represents less than 0.05%.

^§  Affiliated company.

^ 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
CVR	Contingent Value Rights
ETF	Exchange-Traded Fund
LP	Limited Partnership
NA	National Association
PLC	Public Limited Company
REIT	Real Estate Investment Trust

For additional information about significant accounting policies, refer to Fund’s most recent semi-annual or annual report.

 

July 31, 2023 (unaudited)