XML 42 R69.htm IDEA: XBRL DOCUMENT v2.3.0.15
WILMINGTON AGGRESSIVE ASSET ALLOCATION FUND (Prospectus Summary) | WILMINGTON AGGRESSIVE ASSET ALLOCATION FUND
WILMINGTON AGGRESSIVE ASSET ALLOCATION FUND SUMMARY
INVESTMENT OBJECTIVE
The Fund's investment objective is to seek long-term capital appreciation.
FEES AND EXPENSES OF THE FUND
The following tables describe the fees and expenses that you may pay if

you buy and hold shares of the Fund. You may qualify for sales charge discounts

if you and your family invest, or agree to invest in the future, at least

$100,000 in A Shares of the Wilmington Funds. More information about these and

other discounts is available from your financial professional and in the

section "Purchase of Shares" on page 20 of the Fund's Prospectus.
SHAREHOLDER FEES (fees paid directly from your investment):
Shareholder Fees WILMINGTON AGGRESSIVE ASSET ALLOCATION FUND
INSTITUTIONAL SHARES
A SHARES
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) none 3.50%
Redemption Fee (as a percentage of amount redeemed within 60 days of purchase)1.00%1.00%
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a % of the value of your investment):
Annual Fund Operating Expenses WILMINGTON AGGRESSIVE ASSET ALLOCATION FUND
INSTITUTIONAL SHARES
A SHARES
Management Fees none none
Distribution (12b-1) and/or Service Fees none 0.25%
Other Expenses0.42%0.42%
Acquired Fund Fees and Expenses0.62%0.62%
TOTAL ANNUAL FUND OPERATING EXPENSES1.04%1.29%
EXAMPLE
This example is intended to help you compare the cost of investing in the

Fund with the cost of investing in other mutual funds. The example assumes that

you invest $10,000 in the Fund for the time periods indicated and then redeem

all of your shares at the end of those periods. The example also assumes that

your investment has a 5% return each year and that the Fund's operating

expenses remain the same. Although your actual costs may be higher or lower,

based on these assumptions, your costs would be:
Expense Example WILMINGTON AGGRESSIVE ASSET ALLOCATION FUND (USD $)
Expense Example, With Redemption, 1 Year
Expense Example, With Redemption, 3 Years
Expense Example, With Redemption, 5 Years
Expense Example, With Redemption, 10 Years
INSTITUTIONAL SHARES
1063315741,271
A SHARES
4777451,0331,852
PORTFOLIO TURNOVER
The Fund pays transaction costs, such as commissions, when it buys or

sells securities (or "turns over" its portfolio). A higher portfolio turnover

rate may indicate higher transaction costs and may result in higher taxes if

Fund shares are held in a taxable account. These costs, which are not reflected

in the Annual Fund Operating Expenses or in the example, affect the Fund's

performance. During the most recent fiscal year, the Fund's portfolio turnover

rate was 34% of the average value of its portfolio.
INVESTMENTS, RISKS AND PERFORMANCE
PRINCIPAL INVESTMENT STRATEGIES



The Fund seeks to achieve its investment objective by normally investing

approximately 80% to 100% of its assets in equity funds and approximately 0% to

20% of its assets in fixed income and real return funds. The Fund invests

primarily in affiliated underlying funds and unaffiliated underlying funds,

including exchange traded funds ("ETFs") (together, the "Underlying Funds").

The Fund may also invest in government securities, stocks, bonds and other

types of securities (i.e., securities not issued by a fund) provided that such

securities are consistent with the Fund's investment objective. For cash

management purposes, the Fund may hold a portion of its assets directly in U.S.

Government securities, money market funds and cash or cash equivalents.



The investment adviser uses a two-stage process to create an investment

portfolio for the Fund. The first stage involves determining the percentage of

the Fund's assets to be invested in the following asset classes: U.S. Equity,

International Equity, Fixed Income and "Real Return" assets (inflation-linked

bonds, securities of real estate companies and investment trusts and

commodity-related securities). The investment adviser anticipates allocating

approximately 35-75% to U.S. Equity, 15-55% to International Equity, 0-25% to

Fixed Income and 0-25% to Real Return assets. The investment adviser may

periodically adjust asset class allocations based on various quantitative and

qualitative data.



The second stage involves the selection of Underlying Funds to represent

each asset class and the determination of weightings among the Underlying

Funds. The investment adviser monitors the Fund's holdings daily to ensure that

both the Underlying Funds selected and the actual allocations among the

Underlying Funds continue to conform to the Fund's asset class allocations over

time.
PRINCIPAL RISKS OF INVESTING IN THE FUND
Risk is inherent in all investing. The value of your investment in the

Fund, as well as the amount of return you receive on your investment may

fluctuate significantly from day-to-day and over time. You may lose part or all

of your investment in the Fund or your investment may not perform as well as

other similar investments. An investment in the Fund is not a deposit of

Wilmington Trust Company or any of its affiliates and is not insured or

guaranteed by Federal Deposit Insurance Corporation or any other governmental

agency. There is no assurance that the Fund will achieve its investment

objective. The Fund is subject to the principal risks described below.



         o        ASSET ALLOCATION RISK: The Fund's investment performance

                  depends, in part, upon how its assets are allocated and

                  reallocated among the Underlying Funds.



         o        COMMODITY RISK: The value of commodity-related securities may

                  be affected by changes in overall market movements, commodity

                  index volatility, changes in interest rates, or factors

                  affecting a particular industry or commodity, such as drought,

                  floods, weather, livestock disease, embargoes, tariffs and

                  international economic, political and regulatory developments.



         o        DEBT SECURITY RISKS: Fixed income securities are subject to

                  credit risk, interest rate risk and prepayment risk.



         o        EMERGING MARKETS RISK: The risk that markets of emerging

                  market countries are less developed and less liquid, subject

                  to greater price volatility and generally subject to increased

                  economic, political, regulatory and other uncertainties than

                  more developed markets.



         o        FOREIGN SECURITIES RISK: The risk that investing in foreign

                  (non-U.S.) securities may result in the Fund experiencing

                  more rapid and extreme changes in value than a fund that

                  invests exclusively in securities of U.S. companies, due to

                  less liquid markets, and adverse economic, political,

                  diplomatic, financial, and regulatory factors. Foreign

                  governments also may impose limits on investment and

                  repatriation and impose taxes. Any of these events could cause

                  the value of the Fund's investments to decline.



         o        GOVERNMENT OBLIGATIONS RISK: The risk that

                  government-sponsored entities may default on a financial

                  obligation since their securities are not insured or

                  guaranteed by the U.S. Treasury or the U.S. Government.



         o        HIGH YIELD BONDS RISK: High yield bonds are subject to the

                  risks normally associated with investing in fixed income

                  securities. However, high yield bonds (also known as junk

                  bonds) are generally considered more risky than investment

                  grade, fixed income securities. The total return and yield of

                  high yield bonds can be expected to fluctuate more than the

                  total return and yield of higher-quality bonds.



         o        INVESTMENTS IN AFFILIATED UNDERLYING FUNDS: The investment

                  adviser has the ability to select and substitute the

                  Underlying Funds in which a Fund invests and may be subject to

                  potential conflicts of interest because it may receive higher

                  fees from certain Underlying Funds than others. However, the

                  investment adviser is a fiduciary to the Fund and is required

                  to act in the Fund's best interest.



         o        MARKET RISK: The risk that the market value of a security may

                  fluctuate, sometimes rapidly and unpredictably.



         o        NON-DIVERSIFICATION RISK: An Underlying Fund may be

                  classified as "non-diversified," which means that an

                  Underlying Fund may invest most of its assets in securities

                  issued by or representing a small number of companies. As a

                  result, an Underlying Fund may be more susceptible to the

                  risks associated with these particular companies, or to a

                  single economic, political or regulatory occurrence affecting

                  these companies.



         o        PREFERRED STOCK RISK: The value of a preferred stock is

                  affected by interest rates, the credit quality of the issuing

                  corporation and any call provisions.



         o        PORTFOLIO TURNOVER RISK: The risk that high portfolio

                  turnover is likely to lead to increased Fund expenses that may

                  result in lower investment returns. High portfolio turnover

                  also is likely to result in higher short-term capital gains

                  taxable to shareholders.



         o        RISKS OF REAL ESTATE-RELATED SECURITIES: Property values may

                  fall due to increasing vacancies or declining rents resulting

                  from economic, legal, cultural or technological developments.

                  The price of a real estate company's shares may drop because

                  of the failure of the real estate company borrowers to pay

                  their loans and poor management. REITs involve additional risk

                  factors including poor performance by a REIT's manager,

                  changes to the tax laws, and failure by the REIT to qualify

                  for tax-free distribution of income or exemption under the

                  Investment Company Act of 1940 (the "1940 Act"). Since REITs

                  have expenses of their own, the Underlying Fund will bear a

                  proportionate share of these expenses in addition to the

                  expenses of the Underlying Fund.



         o        SMALL-CAP RISK: Small-cap companies may be more vulnerable

                  than large-cap companies to adverse business or economic

                  developments. Small-cap companies may be less liquid and more

                  volatile than securities of large-cap companies and therefore

                  may involve greater risk.



         o        UNDERLYING FUND RISK: Because the Fund invests its assets in

                  Underlying Funds, it will be sensitive to the risks associated

                  with the Underlying Funds and changes in the value of the

                  Underlying Funds may have a significant effect on the net

                  asset value of the Fund. These risks will be greater to the

                  extent that the Fund invests in a larger percentage of its

                  assets in a particular Underlying Fund. By investing in the

                  Fund, you will indirectly bear fees and expenses charged by

                  the Underlying Funds in which the Fund invests, in addition to

                  the Fund's direct fees and expenses. Your cost of investing in

                  the Fund, therefore, may be higher than the cost of investing

                  in a mutual fund that invests directly in individual stocks

                  and bonds. The Underlying Funds may change their investment

                  objective or policies without the approval of the Fund. If

                  that were to occur, the Fund might be forced to withdraw its

                  investment from the Underlying Fund at a time that is

                  unfavorable to the Fund. In addition, the use of a fund of

                  funds structure could affect the timing, amount and character

                  of distributions to you and therefore may increase the amount

                  of taxes payable by you. An investment in Underlying Funds

                  that are ETFs generally presents the same primary risks as an

                  investment in Underlying Funds that are mutual funds. ETFs may

                  be subject to additional risks, including the absence of an

                  active market, the lack of market liquidity and the shares of

                  an ETF may trade at prices other than NAV.



         o        VALUATION RISK: The risk that an Underlying Fund has valued

                  certain of its securities at a higher price than it can sell

                  them.
RISK/RETURN BAR CHART AND PERFORMANCE TABLE
The bar chart and table shown below provide some indication of the risks of

investing in the Fund by showing:



         o        changes in the Fund's performance from year-to-year; and



         o        how the Fund's average annual returns for one year, five year

                  and since inception periods compared to those of a broad

                  measure of market preformance.



The Fund's past performance (before and after taxes) does not necessarily

indicate how the Fund will perform in the future. Updated performance

information is available on the Fund's website at wilmingtonfunds.com and/or by

calling the Fund toll-free at (800) 336-9970. For information on the prior

history of the Fund, please see the section entitled "Prior History of the

Funds" in the Fund's Statement of Additional Information.
The annual returns in the bar chart are for the Fund's Institutional Shares and do not

reflect sales loads. If sales loads were reflected, returns would be lower than those shown.
ANNUAL TOTAL RETURNS FOR THE CALENDAR YEARS SINCE INCEPTION
Bar Chart
Calendar Year-to-Date Total Return as of September 30, 2011: -12.81%



During the periods shown in the bar chart, the Fund's best quarter was up

17.70% (quarter ended June 30, 2009) and the Fund's worst quarter was down

-22.15% (quarter ended December 31, 2008).
After-tax returns are shown only for Institutional Shares and after-tax returns for A Shares

will vary.
AVERAGE ANNUAL TOTAL RETURNS (for the periods ended December 31, 2010)
Average Annual Total Returns WILMINGTON AGGRESSIVE ASSET ALLOCATION FUND
Average Annual Returns, Label
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
INSTITUTIONAL SHARES
Institutional Shares Return Before Taxes13.01%2.27%6.26%Jul. 15, 2003
INSTITUTIONAL SHARES After Taxes on Distributions
Institutional Shares Return After Taxes on Distributions[1]12.44%1.16% Jul. 15, 2003
INSTITUTIONAL SHARES After Taxes on Distributions and Sales
Institutional Shares Return After Taxes on Distributions and Sale of Fund Shares[1]8.60%1.44% Jul. 15, 2003
A SHARES
A Shares Return Before Taxes8.87%1.30%5.44%Jul. 15, 2003
Aggressive Blended Index
Aggressive Blended Index (reflects no deduction for fees, expenses or taxes)[2]15.23%3.89%8.23%Jul. 15, 2003
Russell 3000 Index
Russell 3000 Index Index (reflects no deduction for fees, expenses or taxes)[2]16.93%4.61%5.83%Jul. 15, 2003
MSCI All Country World ex-US Investable Market Index
MSCI All Country World ex-US Investable Market Index (reflects no deduction for fees, expenses or taxes)12.73%5.14%11.73%Jul. 15, 2003
Dow Jones Global Aggressive Portfolio Index
Dow Jones Global Aggressive Portfolio Index (reflects no deduction for fees, expenses or taxes)[3]19.42%4.78%10.06%Jul. 15, 2003
S&P 500 Index
S&P 500 Index (reflects no deduction for fees, expenses or taxes)[3]15.06%2.29%5.20%Jul. 15, 2003
[1]After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown and are not relevant if you hold your shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
[2]The Aggressive Blended Index is calculated by the investment adviser and represents the weighted returns of the following indices: Russell 3000 Index (55%), MSCI All Country World ex-US Investable Market Index (35%), Barclays Capital World Government Inflation-Linked Bond (ILB) Index (hedged USD) (5%), S&P Global Developed Property Index (3.5%), and the Dow Jones-UBS Commodity Index (1.5%).
[3]Effective January 1, 2011, the Fund changed the indices it measures its performance against from the Dow Jones Global Aggressive Portfolio Index and S&P 500 Index to the Aggressive Blended Index, the Russell 3000 Index, and the MSCI All Country World ex-US Investable Market Index. This change was made to align the indices with the asset allocation of the Fund.