Wilmington Municipal Bond Fund (WTAIX)
The investment seeks a high level of income exempt from federal income tax, consistent with the preservation of capital. Under normal circumstances, the fund invests at least 80% of the value of its net assets in municipal securities that provide interest exempt from federal income tax. It may invest up to 20% of its assets in other types of fixed income securities that provide income that is subject to federal income tax. The fund seeks to maintain a weighted average maturity of three to ten years.
Fund Info
US97181C4565
97181C456
Nov 1, 1993
$100,000
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Wilmington Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Wilmington Municipal Bond Fund had a return of 1.11% year-to-date (YTD) and 5.42% in the last 12 months. Over the past 10 years, Wilmington Municipal Bond Fund had an annualized return of 1.08%, while the S&P 500 had an annualized return of 11.11%, indicating that Wilmington Municipal Bond Fund did not perform as well as the benchmark.
WTAIX
1.11%
-0.59%
1.77%
5.42%
0.19%
1.08%
^GSPC (Benchmark)
23.08%
0.10%
10.70%
30.05%
13.52%
11.11%
Monthly Returns
The table below presents the monthly returns of WTAIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.28% | 0.03% | -0.04% | -1.01% | -0.44% | 1.19% | 0.95% | 0.80% | 0.92% | -1.23% | 1.11% | ||
| 2023 | 2.66% | -2.01% | 1.95% | -0.24% | -0.95% | 0.69% | 0.26% | -0.87% | -2.46% | -0.82% | 5.03% | 2.26% | 5.39% |
| 2022 | -2.73% | -0.56% | -2.89% | -2.34% | 1.06% | -0.99% | 2.39% | -1.94% | -2.96% | -0.52% | 3.61% | 0.27% | -7.58% |
| 2021 | 0.60% | -1.50% | 0.45% | 0.83% | 0.22% | 0.14% | 0.74% | -0.23% | -0.83% | -0.24% | 0.59% | -0.16% | 0.58% |
| 2020 | 1.76% | 1.19% | -5.23% | -1.53% | 3.00% | 1.00% | 1.59% | -0.08% | -0.08% | -0.14% | 0.96% | 0.53% | 2.76% |
| 2019 | 0.97% | 0.56% | 1.19% | 0.26% | 1.55% | 0.41% | 0.79% | 1.45% | -0.85% | 0.10% | 0.10% | -1.23% | 5.41% |
| 2018 | -1.05% | -0.54% | 0.26% | -0.45% | 1.12% | 0.02% | 0.34% | 0.02% | -0.60% | -0.59% | 1.21% | 1.13% | 0.85% |
| 2017 | 0.56% | 0.69% | 0.18% | 0.86% | 1.39% | -0.44% | 0.77% | 0.91% | -0.67% | -0.14% | -0.90% | 0.09% | 3.31% |
| 2016 | 1.44% | 0.07% | 0.09% | 0.68% | -0.14% | 1.48% | -0.07% | 0.00% | -0.37% | -0.88% | -3.65% | 0.15% | -1.28% |
| 2015 | 1.67% | -1.09% | 0.17% | -0.43% | -0.42% | 0.02% | 0.70% | 0.17% | 0.76% | 0.38% | 0.23% | -1.17% | 0.96% |
| 2014 | 1.66% | 1.01% | -0.40% | 1.09% | 1.02% | -0.11% | 0.27% | 1.15% | -0.19% | 0.55% | -0.05% | -0.63% | 5.47% |
| 2013 | 0.24% | 0.37% | -0.42% | 1.04% | -1.47% | -2.35% | -0.20% | -0.96% | 2.04% | 0.95% | -0.43% | -1.23% | -2.46% |
Expense Ratio
WTAIX features an expense ratio of 0.49%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of WTAIX is 54, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Wilmington Municipal Bond Fund (WTAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Wilmington Municipal Bond Fund provided a 2.47% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.28 | $0.23 | $0.23 | $0.25 | $0.30 | $0.28 | $0.26 | $0.23 | $0.27 | $0.30 | $0.29 |
Dividend yield | 2.47% | 2.25% | 1.92% | 1.71% | 1.87% | 2.23% | 2.13% | 1.96% | 1.75% | 2.01% | 2.23% | 2.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Wilmington Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.00 | $0.26 | |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.28 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.23 |
| 2015 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2014 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.30 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Wilmington Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Wilmington Municipal Bond Fund was 12.18%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Wilmington Municipal Bond Fund drawdown is 2.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.18% | Aug 5, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -12.08% | Mar 10, 2020 | 9 | Mar 20, 2020 | 217 | Jan 29, 2021 | 226 |
| -10.47% | Sep 12, 2008 | 24 | Oct 15, 2008 | 129 | Apr 22, 2009 | 153 |
| -7.38% | Nov 29, 2012 | 143 | Jun 25, 2013 | 325 | Oct 8, 2014 | 468 |
| -5.71% | Jul 7, 2016 | 114 | Dec 15, 2016 | 183 | Sep 8, 2017 | 297 |
Volatility
Volatility Chart
The current Wilmington Municipal Bond Fund volatility is 1.44%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.