Some Wilmington Funds change investment strategies, benchmarks

By Toni Weeks

San Diego, March 13 - The Wilmington Funds announced in a 497 filing with the Securities and Exchange Commission changes to the investment strategies and benchmark indexes for some of its funds.

The Wilmington Strategic Allocation Moderate Fund now seeks a high level of total return consistent with a moderate level of risk relative to the other Wilmington Strategic Allocation funds by allocating its investments among fixed-income securities, equity securities and other assets.

The Wilmington Multi-Manager International Fund seeks to achieve its investment goal by investing substantially all, but under normal circumstances not less than 80%, of the value of its net assets in a diversified portfolio of foreign securities, including common stocks, preferred stocks, convertible securities, emerging markets securities and exchange-traded funds. The fund invests primarily in the equity markets listed in the Morgan Stanley Capital International All Country World Index ex US, the fund's benchmark index.

The Wilmington Managed Allocation Fund - Moderate Growth II changed the primary benchmark to the Russell 3000 Index from the S&P 500 Index. It also replaced the Blended Benchmark with the Moderate Blended Index as a secondary benchmark for the fund, effective March 12. The Moderate Blended Index is composed of the weighted returns of the following 10 indexes: 27% from Russell 3000 Index, 20% from Barclays Capital U.S. Aggregate Bond Index, 19% from MSCI All Country World ex-US Investable Market Index, 7.5% from HFRX Absolute Index, 7.5% from HFRX Global Index, 7% from Barclays Capital Global Aggregate ex-US (unhedged) Index, 5% from Barclays Capital World Government Inflation-Linked Bond Index (hedged USD), 3.5% from S&P Global developed Property Index, 1.5% from Dow Jones-UBS Commodity Index and 3% from Citigroup 3-Month T-Bill.

Wilmington Funds Management Corp. and Wilmington Trust Investment Advisors, Inc., subsidiaries of Buffalo-based M&T Bank Corp., are the investment adviser and primary subadviser, respectively, of the Wilmington Funds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.