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Wilmington New York Municipal Bond Fund
PORTFOLIO OF INVESTMENTS
July 31, 2023 (unaudited)
Description | Par Value |
Value | ||||||
MUNICIPAL BONDS 97.2% |
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NEW YORK 97.2% |
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AIRPORT 2.5% |
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Port Authority of New York & New Jersey, NY, Current Refunding Revenue Bonds, |
$ | 1,000,000 | $ | 1,114,925 | ||||
DEDICATED TAX 13.0% |
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Hudson Yards Infrastructure Corp., NY, Current Refunding Revenue Bonds, (Series A), 5.00%, 02/15/33 |
1,175,000 | 1,249,974 | ||||||
New York City, NY, Transitional Finance Authority Future Tax Secured Revenue, Revenue Bonds, Public Improvements, (Sub-Series A-1), 5.00%, 05/01/34 |
800,000 | 838,429 | ||||||
New York City, NY, Transitional Finance Authority Future Tax Secured Revenue, Revenue Bonds, Public Improvements, (Sub-Series E-1), 4.00%, 02/01/38 |
655,000 | 662,400 | ||||||
New York State Dormitory Authority, NY, Revenue Bonds, Public Improvements, (Series A), 5.00%, 03/15/32 |
2,000,000 | 2,114,426 | ||||||
New York State Dormitory Authority, NY, Revenue Bonds, University & College Improvements, (Series A), 4.00%, 03/15/37 |
1,000,000 | 1,022,875 | ||||||
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TOTAL DEDICATED TAX |
$ | 5,888,104 | ||||||
DEVELOPMENT 4.0% |
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Battery Park City Authority, NY, Revenue Bonds, 5.00%, 11/01/41 |
500,000 | 569,062 | ||||||
New York Liberty Development Corp., NY, Refunding Revenue Bonds, (Goldman Sachs Headquarters), 5.25%, 10/01/35 |
1,095,000 | 1,252,806 | ||||||
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TOTAL DEVELOPMENT |
$ | 1,821,868 | ||||||
EDUCATION 7.8% |
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New York State Dormitory Authority, NY, Revenue Bonds, (AMG St. Aid Withhldg), 5.00%, 10/01/32 |
1,000,000 | 1,175,971 | ||||||
New York State Dormitory Authority, NY, Current Refunding Revenue Bonds, (Brooklyn Law School), (Series A), 5.00%, 07/01/33 |
1,200,000 | 1,261,687 | ||||||
New York State Dormitory Authority, NY, Prerefunded Revenue Bonds, School District, School Improvements, (Series A), (AGM), 5.00%, 10/01/29 |
5,000 | 5,540 | ||||||
New York State Dormitory Authority, NY, Unrefunded Revenue Bonds, School District, School Improvements, (Series A), (AGM), 5.00%, 10/01/29 |
995,000 | 1,094,158 | ||||||
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TOTAL EDUCATION |
$ | 3,537,356 | ||||||
GENERAL 5.2% |
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New York City Trust for Cultural Resources, NY, Current Refunding Revenue Bonds, |
565,000 | 659,639 |
Description | Par Value |
Value | ||||||
New York City Trust for Cultural Resources, NY, Current Refunding Revenue Bonds, (Lincoln Center For Performing Arts), (Series A), 4.00%, 12/01/34 |
$1,600,000 | $ | 1,691,050 | |||||
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TOTAL GENERAL |
$ | 2,350,689 | ||||||
GENERAL OBLIGATIONS 18.0% |
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Binghamton, NY, GO, Public Facilities, AD Valorem Property Tax, (BAM), 4.00%, 04/15/32 |
500,000 | 537,279 | ||||||
Genesee Valley Central School District, NY, GO Unlimited, Current Refunding, AD Valorem Property Tax, 5.00%, 06/15/29 |
825,000 | 925,035 | ||||||
Nassau County, NY, GO, Public Improvements, AD Valorem Property Tax, (Series B), (BAM-TCRS), 5.00%, 04/01/32 |
415,000 | 447,299 | ||||||
Nassau County, NY, GO, General Improvements, AD Valorem Property Tax, (Series C), (BAM-TCRS), 5.00%, 10/01/31 |
545,000 | 593,973 | ||||||
Nassau County, NY, GO, Public Improvements, AD Valorem Property Tax, (Series C), (BAM-TCRS), 5.00%, 04/01/26 |
1,000,000 | 1,055,463 | ||||||
New York City, NY, GO Unlimited, AD Valorem Property Tax, (Series B), 5.25%, 10/01/42 |
1,000,000 | 1,132,023 | ||||||
New York City, NY, GO Unlimited, Current Refunding, (Series A-1), 5.00%, 08/01/31 |
1,000,000 | 1,143,021 | ||||||
North Hempstead, NY, GO, Public Improvements, AD Valorem Property Tax, (Series A), (BAM), 4.00%, 03/15/42 |
650,000 | 658,549 | ||||||
Yonkers, NY, GO, Refunding Notes, AD Valorem Property Tax, (Series A), (BAM) |
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5.00%, 05/01/26 |
500,000 | 525,230 | ||||||
5.00%, 05/01/30 |
1,000,000 | 1,122,046 | ||||||
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TOTAL GENERAL OBLIGATIONS |
$ | 8,139,918 | ||||||
HIGHER EDUCATION 17.0% |
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Albany Capital Resource Corp., NY, Refunding Revenue Bonds, (Albany Law School of Union University Project), (Series A) |
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4.00%, 07/01/26 |
800,000 | 795,165 | ||||||
5.00%, 07/01/29 |
1,195,000 | 1,249,053 | ||||||
Dutchess County Local Development Corp., NY, Current Refunding Revenue Bonds, (The Culinary Institute of America), 5.00%, 07/01/32 |
1,040,000 | 1,084,271 | ||||||
Hempstead Town Local Development Corp., NY, Revenue Bonds, University & College Improvements, (Hofstra University Project), (Series A), 5.00%, 07/01/33 |
725,000 | 814,817 | ||||||
New York City Trust for Cultural Resources, NY, Current Refunding Revenue Bonds, (The Juilliard School), (Series A), 5.00%, 01/01/33 |
1,025,000 | 1,141,330 | ||||||
New York State Dormitory Authority, NY, Revenue Bonds, University & College Improvements, (Series A), (NATL), 5.75%, 07/01/27 |
1,685,000 | 1,779,382 |
July 31, 2023 (unaudited)
2 | PORTFOLIO OF INVESTMENTS | |
Wilmington New York Municipal Bond Fund (continued) |
Description | Par Value |
Value | ||||||
New York State Dormitory Authority, NY, Advance Refunding Revenue Bonds, (St. Johns University), (Series A) , 5.00%, 07/01/30 |
$ | 800,000 | $ | 849,577 | ||||
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TOTAL HIGHER EDUCATION |
$ | 7,713,595 | ||||||
HOUSING 9.1% |
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Amherst Development Corp., NY, Advance Refunding Revenue Bonds, (UBF Facility Student Housing Corp.), (AGM), (Series A), 5.00%, 10/01/31 |
1,000,000 | 1,087,392 | ||||||
New York City, NY, Housing Development Corp., Revenue Bonds, (Series C-1A), 3.50%, 11/01/33 |
1,890,000 | 1,838,151 | ||||||
New York City, NY, Housing Development Corp., Revenue Bonds, (Sustainable Neighborhood Bonds), (Series B-1A) |
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2.45%, 05/01/31 |
390,000 | 353,922 | ||||||
3.10%, 11/01/34 |
890,000 | 836,646 | ||||||
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TOTAL HOUSING |
$ | 4,116,111 | ||||||
LEASE 3.3% |
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Syracuse, NY, IDA, Revenue Bonds, Syracuse City School District Project, School Improvements, (Series B), (State Aid Withholding), 5.00%, 05/01/32 |
1,435,000 | 1,506,249 | ||||||
MEDICAL 9.3% |
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New York State Dormitory Authority, NY, Current Refunding Revenue Bonds, (Montefiore Obligated Group), (Series A), 5.00%, 09/01/29 |
1,000,000 | 1,012,033 | ||||||
New York State Dormitory Authority, NY, Current Refunding Revenue Bonds, (North Shore-Long Island Jewish Obligated Group), (Series A), 5.00%, 05/01/24 |
1,160,000 | 1,172,442 | ||||||
New York State Dormitory Authority, NY, Advance Refunding Revenue Bonds, (NYU Hospitals Center), 5.00%, 07/01/27 |
2,000,000 | 2,032,485 | ||||||
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TOTAL MEDICAL |
$ | 4,216,960 |
Description | Par Value |
Value | ||||||
POWER 6.1% |
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Long Island Power Authority, NY, Electric, Light and Power Improvements, Revenue Bonds, (Series A) |
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5.00%, 09/01/33 |
$ | 700,000 | $ | 803,675 | ||||
5.00%, 09/01/34 |
750,000 | 859,026 | ||||||
Utility Debt Securitization Authority, NY, Refunding Revenue Bonds, (Series TE), 5.00%, 12/15/38 |
950,000 | 1,097,001 | ||||||
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TOTAL POWER |
$ | 2,759,702 | ||||||
WATER 1.9% |
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New York City Municipal Water Finance Authority, NY, Current Refunding Revenue Bonds, 2nd General Resolution, (Series EE), 5.00%, 06/15/31 |
750,000 | 883,131 | ||||||
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TOTAL NEW YORK |
$ | 44,048,608 | ||||||
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TOTAL MUNICIPAL BONDS (Cost $46,052,700)
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$
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44,048,608
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Number of Shares |
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MONEY MARKET FUND 3.2% |
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Dreyfus Government Cash Management Fund, Institutional Shares, 5.14%^ |
1,452,609 | 1,452,609 | ||||||
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TOTAL MONEY MARKET FUND (Cost $1,452,609) |
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$ | 1,452,609 | |||||
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TOTAL INVESTMENTS 100.4% (Cost $47,505,309) |
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$ | 45,501,217 | |||||
OTHER ASSETS LESS LIABILITIES (0.4)% |
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(185,069 | ) | |||||
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TOTAL NET ASSETS 100.0% |
$ | 45,316,148 | ||||||
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Various inputs are used in determining the value of the Funds 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 Funds own assumptions in determining the fair value of investments)
The following is a summary of the inputs used as of July 31, 2023 in valuing the Funds assets carried at fair value:
Level 1
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Level 2
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Level 3
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Total
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Investments in Securities |
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Municipal Bonds |
$ | | $ | 44,048,608 | $ | $ | 44,048,608 | |||||||||
Money Market Fund |
1,452,609 | | | 1,452,609 | ||||||||||||
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Total |
$ | 1,452,609 | $ | 44,048,608 | $ | $ | 45,501,217 | |||||||||
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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 Funds valuation policy is included in the most recent shareholder report.
^ | 7-Day net yield. |
July 31, 2023 (unaudited)
PORTFOLIO OF INVESTMENTS | 3 |
Wilmington New York Municipal Bond Fund (concluded)
The following acronyms are used throughout this Portfolio of Investments: | ||
AGM | Assured Guaranty Municipal | |
BAM | Build America Mutual Assurance Company | |
GO | General Obligation | |
IDA | Industrial Development Authority/Agency | |
NATL | National Public Finance Guarantee Corporation | |
TCRS | Tax Credit Reporting Service |
For additional information about significant accounting policies, refer to Funds most recent semi-annual or annual report.
July 31, 2023 (unaudited)