EX-99.(D)(XIV) 3 d749126dex99dxiv.htm FEE ALLOCATION LETTER Fee Allocation Letter

WILMINGTON FUNDS

FEE ALLOCATION LETTER

August 21, 2014

 

     WFMC
Contractual
Rate of
Advisory
Fee (bps):
     Portion of
WFMC
Advisory Fee
allocated to
WTIA:
   

Contractual Rate of Subadvisory Fee (bps):

Prime Money Market Fund

     40.00         0   N/A

U.S. Government Money Market Fund

     40.00         0   N/A

U.S. Treasury Money Market Fund

     40.00         0   N/A

Tax-Exempt Money Market Fund

     40.00         0   N/A

Broad Market Bond Fund

     50.00         80   N/A

Intermediate-Term Bond Fund

     50.00         20   N/A

Short-Term Corporate Bond Fund

     50.00         80   N/A

Short Duration Government Bond Fund

     50.00         80   N/A

Municipal Bond Fund

     50.00         0   N/A

Maryland Municipal Bond Fund

     50.00         0   N/A

New York Municipal Bond Fund

     50.00         0   N/A

Large-Cap Strategy Fund

     50.00         0   N/A

Mid-Cap Growth Fund

     85.00         100   N/A

Small-Cap Strategy Fund

     55.00         0   N/A

Small-Cap Growth Fund

     85.00         0   N/A

Strategic Allocation Aggressive Fund

     50.00         80   N/A

Strategic Allocation Moderate Fund

     50.00         80   N/A


Strategic Allocation Conservative Fund    50.00    80%   

N/A

Multi-Manager International Fund    50.00    80%   

All subadvisory fees are paid directly by the Fund.

 

Dimensional Fund Advisors L.P. (“Dimensional”) manages approximately 10% of the Fund’s total net assets. Dimensional’s fee is 45 bps on the first $50 million and 30 bps on assets in excess of $50 million of the average daily net assets allocated for its management.

 

J O Hambro Capital Management Limited (“JOHCM”) manages approximately 20% of the Fund’s total net assets. JOHCM’s fee is 70 bps on the average daily net assets allocated for its management.

 

LSV Asset Management (“LSV”) manages approximately 9% of the Fund’s total net assets. LSV’s fee is 49 bps on the average daily net assets allocated for its management.

 

Northern Cross LLC (“Northern”) manages approximately 25% of the Fund’s total net assets. Northern’s fee is 55 bps on the first $1 billion and 50 bps on assets in excess of $1 billion of the average daily net assets allocated for its management.

 

Oberweis Asset Management, Inc. (“Oberweis”) manages approximately 9% of the Fund’s total net assets. Oberweis’ fee is 100 bps on the first $50 million, 90 bps on the next $50 million, and 80 bps on assets in excess of $100 million of the average daily net assets allocated for its management.

 

Parametric Portfolio Associates LLC (“Parametric”) manages two accounts for the Fund. The emerging markets account represents approximately 14% of the total net assets, and the developed markets account represents approximately 11% of the Fund’s

 

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       total net assets. Parametric’s fee for the emerging markets account is 80 bps on the first $100 million and 75 bps on assets in excess of $100 million of the average daily net assets allocated to the account. Parametric’s fee for the developed market account is 27.5 bps on the first $50 million and 20 bps on assets in excess of $50 million of the average daily net assets allocated to the account.

Multi-Manager Real Asset Fund

 

* excludes any assets allocated to WFMC’s Inflation-Protected Debt Securities (“TIPS”) Strategy or the Enhanced Cash Strategy. Currently there are no assets allocated to the TIPS Strategy, and 2% of net assets are allocated to the Enhanced Cash Strategy. WFMC’s fee for the TIPS Strategy is 57 bps on the first $25 million, 54 bps on the next $25 million, and 52 bps on assets in excess of $50 million of the average net assets allocated to the strategy. WFMC’s fee for the Enhanced Cash Strategy is 58 bps on the average net assets allocated to the strategy.

   50.00*   80%  

All subadvisory fees are paid directly by the Fund.

 

CBRE Clarion Securities LLC (“CBRE”) manages approximately 15% of the Fund’s total net assets. CBRE’s fee is 65 bps on the first $50 million, 55 bps on the next $50 million, and 45 bps on assets in excess of $100 million of the average daily net assets allocated for its management.

 

Pacific Investment Management Company, LLC (“PIMCO”) manages approximately 39% of the Fund’s total net assets. PIMCO’s fee is 28.75 bps on the average daily net assets allocated for its management.

 

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Multi-Manager Alternatives Fund    100.00    80%  

All subadvisory fees are paid directly by the Fund.

 

Acuity Capital Management LLC (“Acuity”) manages approximately 20% of the Fund’s total net assets. Acuity’s fee is 100 bps on the average daily net assets allocated for its management.

 

Calypso Capital Management LP (“Calypso”) manages approximately 23% of the Fund’s total net assets. Calypso’s fee is 100 bps on the average daily net assets allocated for its management.

 

Loeb King Capital Management (“Loeb King”) manages approximately 23% of the Fund’s total net assets. Loeb King’s fee is 105 bps on the first $100 million and 100 bps on assets in excess of $100 million of the average daily net assets allocated for its management.

 

Parametric Risk Advisers (“Parametric”) manages approximately 12% of the Fund’s total net assets. Parametric’s fee is 90 bps on the average daily net assets allocated for its management.

 

P/E Global LLC (“PE Global”) manages approximately 12% of the Fund’s total net assets. PE Global’s fee is 100 bps on the average daily net assets allocated for its management.

 

Contractual Rate of Administrative Fee:         
Co-Administration fee for all Wilmington Funds is based on the Average Aggregate Daily Net Assets of the Trust as follows:
- 4.0 bps on first $5 billion         
- 3.0 bps on next $2 billion         
- 2.5 bps on next $3 billion         
- 1.8 bps on assets in excess of $10 billion         

 

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