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M&T Bank and Wilmington Trust have reorganized the MTB Group of Funds and Wilmington Funds into one fund family. The new and expanded “Wilmington Funds” offers a broader portfolio of investment choices for clients.
Wilmington Funds (www.wilmingtonfunds.com) now boasts 25 funds and $13.8 billion in assets as of Dec. 31, 2011. The new continuum of funds offer investment depth and asset class coverage through a total of four money market funds, nine fixed income funds, three asset allocation funds, seven equity funds, a multi-manager real asset fund, and an alternatives fund. The complete list of funds is below.
“The reorganization of these two fund families creates a strategic spectrum of mutual funds designed to address a wide range of investor goals with choices ranging from money market, fixed income, equity, and asset allocation funds,” said Ken Thompson, senior vice president of Asset Management. “Through the new Wilmington Funds we can provide our clients with a wide array of mutual funds to help meet their investment goals.”
Wilmington Funds, advised by Wilmington Funds Management Corporation (WFMC), offers focused equity choices including: small, mid, and large cap growth, large cap value, and a multi-manager international equity fund.
“Having worked alongside and served ultra-high-net-worth and institutional clients, we’ve learned something about their unique needs,” said Sam Fraundorf, president of Wilmington Trust Investment Advisors, Inc. (WTIA), the primary sub-adviser to the Wilmington Funds. “This experience has enabled us to develop differentiated mutual fund solutions that provide for these needs.”
Recognizing the increasing income needs of clients, Wilmington Trust broadens its taxable fixed income offerings to include short-duration corporate and government funds, and intermediate and broad market funds.
“Given our expertise working with successful individuals and families, there is a particular focus on our municipal operation, where we offer both national municipal and state specific municipal bond funds,” said Bob Truesdell, head of Wilmington Trust’s Fixed Income team.
Wilmington Trust will also maintain its suite of money market offerings including U.S. Government, U.S. Treasury, prime, and tax-exempt funds.
In addition, Wilmington Funds offers a range of strategic allocation funds, a multi-manager real asset fund, and an alternatives fund that invests in a variety of hedge strategies.
COMPLETE LIST OF WILMINGTON FUNDS
EQUITY
Wilmington Large-Cap Strategy Fund
Wilmington Large-Cap Value Fund
Wilmington Large-Cap Growth Fund
Wilmington Mid-Cap Growth Fund
Wilmington Small-Cap Strategy Fund
Wilmington Small-Cap Growth Fund
Wilmington Multi-Manager International Fund
ALTERNATIVE/REAL ASSET
Wilmington Rock Maple Alternatives Fund
Wilmington Multi-Manager Real Asset Fund
ASSET ALLOCATION
Wilmington Strategic Allocation Conservative Fund
Wilmington Strategic Allocation Moderate Fund
Wilmington Strategic Allocation Aggressive Fund
TAXABLE FIXED INCOME
Wilmington Short Duration Government Bond Fund
Wilmington Short-Term Corporate Bond Fund
Wilmington Intermediate-Term Bond Fund
Wilmington Broad Market Bond Fund
MUNICIPAL FIXED INCOME
Wilmington Municipal Bond Fund
Wilmington Virginia Municipal Bond Fund
Wilmington Maryland Municipal Bond Fund
Wilmington Pennsylvania Municipal Bond Fund
Wilmington New York Municipal Bond Fund
MONEY MARKET
Wilmington Prime Money Market Fund
Wilmington U.S. Treasury Money Market Fund
Wilmington U.S. Government Money Market Fund
Wilmington Tax-Exempt Money Market Fund
ABOUT WTIA
Wilmington Trust Investment Advisors, Inc. (WTIA) provides clients with access to quality investment advisory and asset management expertise including equity, fixed income, and alternative strategies. On Jan. 10, 2012, MTB Investment Advisors, Inc. (MTBIA), an indirect wholly owned subsidiary of M&T, changed its name to WTIA.
WTIA had over $14 billion of assets under management at Dec. 31, 2011, and it also oversees the investment processes of its affiliates, Wilmington Trust and M&T Bank, which had $44 billion of assets under management at Dec. 31, 2011.