Fund Evaluator:
Wilmington Real Asset A (WMMRX)
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Best Performing in Global Moderate Allocation Over the Last Year
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Fund Details
Wilmington Real Asset A Overview
Wilmington Real Asset A (WMMRX) is an actively managed Allocation Global Moderate Allocation fund. Wilmington Funds launched the fund in 2005.
The investment seeks to achieve long-term preservation of capital with current income. The fund, under normal circumstances, invests at least 80% of the value of its net assets in "real return" assets. The Advisor anticipates allocating approximately 0%-80% to inflation-protected debt securities, 0%-80% to real estate-related securities and 0%-60% to commodity/natural resource-related securities. The fund utilizes a multi-manager strategy in which the Advisor allocates and reallocates varying portions of the fund's assets among a number of sub-advisors, or invests directly in ETFs or other instruments in pursuit of the fund's investment strategies.
About Wilmington Real Asset A (WMMRX)
There are 5 members of the management team with an average tenure of 5.17 years: Matthew Glaser (2017), XiaoZhen Li (2024), Jordan Strauss (2015), Jennifer Mihara (2024), Ben Davis (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Wilmington Real Asset A has 433 securities in its portfolio. The top 10 holdings constitute 65.8% 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 Real Asset A is part of the Allocation global asset class and is within the Allocation fund group. Wilmington Real Asset A has 27.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 35.6%. There is 19.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 28.1% (20.4% domestic bond, 7.7% foreign bond and 0.0% convertible bond). Wilmington Real Asset A has 11.7% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $959 million average for the Global Moderate Allocation 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.
WMMRX 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 Real Asset A expense ratio is high compared to funds in the Global Moderate Allocation category. Wilmington Real Asset A has an expense ratio of 1.00%, which is 4% lower than its category average, making the fund expense ratio grade a C. 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 Real Asset A has a portfolio turnover rate of 7%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 65% for the Global Moderate Allocation category.
Recently, in the month of August 2026, Wilmington Real Asset A returned 2.1%, which earned it a grade of A, as the Global Moderate Allocation category had an average return of 1.6%. 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 Real Asset A has a trailing yield of 5.95%, which is above the 2.59% 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 Real Asset A Grades
Year to date, the fund has returned 18.7%, 8.8 percentage points better than the category, which translates into a grade of A. The fund has returned 22.8% over the past year (grade of A), 12.4% over the past three years (grade of D) and 6.0% per year over the past five years (grade of C) and 5.8% per year over the past 10 years (grade of F).
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WMMRX 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 |
|
| WMMRX Return (NAV) | 2.1% | 2.7% | 22.8% | 12.4% | 6.0% | 5.8% |
| WMMRX Grade | A | A | A | D | C | F |
| +/- Category | 0.5% | 1.1% | 7.6% | -0.9% | -0.3% | -1.7% |
| Global Moderate Allocation Avg | 1.6% | 1.7% | 15.1% | 13.3% | 6.3% | 7.4% |
| WMMRX Tax Cost Ratio | na | na | 2.7% | 1.6% | 2.2% | 1.5% |
WMMRX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WMMRX Return (NAV) | 18.7% | 12.6% | 4.1% | 0.9% | -8.3% | 21.2% | -2.4% | 16.6% | -7.4% | 11.5% | 2.9% |
| WMMRX Grade | A | F | F | F | A | A | F | D | D | F | F |
| +/- Category | 8.8% | -3.6% | -4.3% | -11.3% | 5.1% | 9.5% | -12.2% | -1.1% | -0.3% | -2.5% | -3.7% |
| Global Moderate Allocation Avg | 9.9% | 16.1% | 8.4% | 12.2% | -13.4% | 11.6% | 9.8% | 17.7% | -7.1% | 14.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 9.7% |
| Total Risk Index: | 0.80 - Average |
| Category Risk Index: | 1.08 - High |
| Category Risk Grade: | F (89% Rank) |
| Beta: | 0.70 |
| R-Squared: | 43% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | Medium Quality Limited Sensitivity |
| Yield: | 6.0% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $471 Mil |
| Fund Total Assets: | $ 1 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 7% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 11.3 years | |||
| Average Tenure: 5.2 years | |||
| Managers (Year): Strauss Jordan (2015), Glaser Matthew (2017), Li XiaoZhen (2024), Mihara Jennifer (2024), Davis Ben (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 433 |
| % in Top 10 Holdings: | 65.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 27.6% |
Portfolio Allocation |
|
| Domestic Stock: | 35.6% |
| Foreign Stock: | 19.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 20.4% |
| Foreign Bond: | 7.7% |
| Convertible Bond: | 0.0% |
| Other: | 4.8% |
| Cash: | 11.7% |
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 (%): | 1.00% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | Wilmington Real Asset Institutional |
| Min. Subsequent Purchase: | $ 25 |
| Min. Subsequent IRA Purchase: | $ 25 |
