Fund Evaluator:
Wilmington International A (WINAX)
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Best Performing in Foreign Large Blend Over the Last Year
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Fund Details
Wilmington International A Overview
Wilmington International A (WINAX) is an actively managed International Equity Foreign Large Blend fund. Wilmington Funds launched the fund in 2005.
The investment seeks to provide long-term capital appreciation, primarily through a diversified portfolio of non-U.S. equity securities. The fund seeks to achieve its investment goal by investing, under normal circumstances, at least 80% of the value of its net assets in a diversified portfolio of foreign securities including those domiciled in emerging markets. It may invest in common stocks, preferred shares, depositary receipts, equity-linked instruments of all capitalizations, and exchange-traded funds (“ETFs”).
About Wilmington International A (WINAX)
There are 4 members of the management team with an average tenure of 5.26 years: Allen Choinski (2022), Matthew Glaser (2016), Sean Jenkins (2023), Veenu Ramchandani (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Wilmington International A has 394 securities in its portfolio. The top 10 holdings constitute 25.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Wilmington International A is part of the Equity global asset class and is within the International Equity fund group. Wilmington International A has 95.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.4%. There is 95.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Wilmington International A has 3.0% of the portfolio in cash.
Assets Under Management
The fund has $4 million in total assets, which is below the $2 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
WINAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Wilmington International A expense ratio is high compared to funds in the Foreign Large Blend category. Wilmington International A has an expense ratio of 1.11%, which is 18% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Wilmington International A has a portfolio turnover rate of 34%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.
Recently, in the month of August 2026, Wilmington International A returned 2.5%, which earned it a grade of B, as the Foreign Large Blend category had an average return of 2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Wilmington International A has a trailing yield of 1.47%, which is below the 2.13% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Wilmington International A Grades
Year to date, the fund has returned 16.7%, 2.8 percentage points better than the category, which translates into a grade of A. The fund has returned 26.2% over the past year (grade of B), 20.5% over the past three years (grade of A) and 7.9% per year over the past five years (grade of D) and 9.0% per year over the past 10 years (grade of D).
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WINAX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WINAX Return (NAV) | 2.5% | 2.6% | 26.2% | 20.5% | 7.9% | 9.0% |
| WINAX Grade | B | D | B | A | D | D |
| +/- Category | 0.5% | -0.6% | 3.9% | 2.3% | -0.6% | -0.2% |
| Foreign Large Blend Avg | 2.0% | 3.2% | 22.3% | 18.2% | 8.5% | 9.3% |
| WINAX Tax Cost Ratio | na | na | 2.3% | 1.5% | 1.4% | 1.0% |
WINAX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WINAX Return (NAV) | 16.7% | 33.2% | 7.3% | 12.3% | -20.3% | 6.9% | 12.8% | 20.8% | -16.3% | 33.4% | 1.5% |
| WINAX Grade | A | B | A | F | F | F | B | D | D | A | B |
| +/- Category | 2.8% | 2.7% | 2.4% | -3.9% | -4.0% | -3.3% | 1.0% | -2.2% | -1.0% | 7.0% | 0.6% |
| Foreign Large Blend Avg | 13.9% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 12.3% |
| Total Risk Index: | 1.01 - Average |
| Category Risk Index: | 0.97 - Below Average |
| Category Risk Grade: | B (35% Rank) |
| Beta: | 0.90 |
| R-Squared: | 95% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.5% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $592 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 34% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 10.5 years | |||
| Average Tenure: 5.3 years | |||
| Managers (Year): Glaser Matthew (2016), Choinski Allen (2022), Jenkins Sean (2023), Ramchandani Veenu (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 394 |
| % in Top 10 Holdings: | 25.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 95.6% |
Portfolio Allocation |
|
| Domestic Stock: | 1.4% |
| Foreign Stock: | 95.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.0% |
Purchase Information
| Fund Family: | Wilmington Funds |
| Phone Number: | 800-836-2211 |
| Website: | www.wilmingtonfunds.com |
| Status: | Open |
| Inception Date: | December 19, 2005 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 5.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.11% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Wilmington International Institutional |
| Min. Subsequent Purchase: | $ 25 |
| Min. Subsequent IRA Purchase: | $ 25 |
