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Wilmington Municipal Bond Instl (WTAIX) Fund Ranking and Research

Ranking, Research and Recommendation of Wilmington Municipal Bond Instl (WTAIX) Fund

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Graph of Wilmington Municipal Bond Instl Fund (WTAIX) ManagerFund Manager - Stephen P. Winterstein

Fund Manager Information

Fund Manager Tenure: 8.8 years
Similar Funds: WTABX 
Fund Family: Wilmington Funds
Fund Category: Muni National Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.63)     (What does this score mean?)

 

Graph of Wilmington Municipal Bond Instl Fund (WTAIX) ProfileWilmington Municipal Bond Instl Fund (WTAIX) Profile

Fund Profile and Description

Wilmington Municipal Bond Instl Fund seeks a high level of income exempt from federal income tax, consistent with the preservation of capital. Wilmington Municipal Bond Instl Fund has a fundamental policy to invest substantially at least 80% of total assets in a diversified portfolio of municipal securities that provide interest that is exempt from federal income tax. It may invest up to 20% of assets in other types of fixed-income securities that provide income that is subject to federal tax. Wilmington Municipal Bond Instl Fund maintains an intermediate average dollar-weighted duration of 4 to 8 years.

 

Wilmington Municipal Bond Instl (WTAIX) Fund Strength What we like about Wilmington Municipal Bond Instl (WTAIX) Fund

Data for Wilmington Municipal Bond Instl Fund (WTAIX) as of May 30, 2016

  • Wilmington Municipal Bond Instl Fund (WTAIX) management has been with Wilmington Municipal Bond Instl Fund for 8.8 years
  • Wilmington Municipal Bond Instl Fund (WTAIX) has good short-term performance (1-year return 5.11% vs 4.71% Muni National Interm category median performance)
  • Wilmington Municipal Bond Instl Fund (WTAIX) has good mid-term performance (3-year return 3.30% vs 3.10% Muni National Interm category median performance)
  • Wilmington Municipal Bond Instl Fund (WTAIX) has good Long-term performance (5-year return 4.19% vs 4.14% Muni National Interm category median performance)
  • Wilmington Municipal Bond Instl Fund (WTAIX) ratio of up-years vs down years is greater than 2
  • Asset base in Wilmington Municipal Bond Instl Fund (WTAIX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Wilmington Municipal Bond Instl Fund (WTAIX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.96, lower than category average of 3.29
  • Wilmington Municipal Bond Instl Fund (WTAIX) has a lower expense ratio than its Muni National Interm average: 0.55% vs 0.80%
  • Wilmington Municipal Bond Instl Fund (WTAIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Wilmington Municipal Bond Instl Fund (WTAIX) Weakness What we are cautious about Wilmington Municipal Bond Instl (WTAIX) Fund

Data for Wilmington Municipal Bond Instl Fund (WTAIX) as of May 30, 2016

  • Wilmington Municipal Bond Instl Fund (WTAIX) has a Morningstar rating of 3 and below
  • Wilmington Municipal Bond Instl Fund (WTAIX) is less safe compared to its Muni National Interm peers
  • Wilmington Municipal Bond Instl Fund (WTAIX) has an annual stock turnover rate of 50.00% that is higher than the Muni National Interm average of 22.40%. This could mean Wilmington Municipal Bond Instl is more nimble, but also signal potential high tax impact and high trading fees
See Wilmington Municipal Bond Instl Fund (WTAIX) performance details as of May 30, 2016

 

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Compare Wilmington Municipal Bond Instl Fund (WTAIX)Compare with other top Muni National Interm category mutual funds

Aadditional top Muni National Interm mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Wilmington Municipal Bond Instl2.145.113.304.19
Eaton Vance TABS 5 to15 Yr Lad Muni Bd I (EILTX)3.408.176.377.87Compare
BlackRock Strategic Muni Opps Inv A1 (MDMTX)3.297.784.275.68Compare
USAA Tax Exempt Intermediate-Term (USATX)2.525.223.514.92Compare

See top fund managers for Muni National Interm Category Funds

 

Compare Wilmington Municipal Bond Instl Fund (WTAIX)Compare with Muni National Interm category ETFs

Some Muni National Interm ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Intermediate Muni ETF (ITM)2.55%7.15%4.62%
iShares National AMT-Free Muni Bond (MUB)2.19%5.72%4.01%
PIMCO Intermediate Municipal Bd Actv ETF (MUNI)1.61%4.98%2.60%
Columbia Intermediate Municipal Bond ETF (GMMB)000

 

Graph of Wilmington Municipal Bond Instl Fund (WTAIX) Net Asset TrackingWilmington Municipal Bond Instl (WTAIX) Fund Net Asset

Track net asset change of Wilmington Municipal Bond Instl fund (WTAIX)

DateNet Asset
05/2016$314.70M
03/2016$300.80M
02/2016$297.84M
More historic net asset information on Wilmington Municipal Bond Instl Fund (WTAIX)

  

Graph of Wilmington Municipal Bond Instl Fund (WTAIX) Portfolio TrackingWilmington Municipal Bond Instl (WTAIX) Fund Portfolio Allocation

Track portfolio allocation change of Wilmington Municipal Bond Instl fund (WTAIX)

DateCashStockBondOther
04/20162.67%0%97.33%0%
02/20160.73%0%99.27%0%
01/20161.24%0%98.76%0%
Click here to see more historic asset allocation information on Wilmington Municipal Bond Instl Fund (WTAIX)

 

graph of Wilmington Municipal Bond Instl Fund (WTAIX) Top 10 Position TrackingTop 10 Holdings in Wilmington Municipal Bond Instl (WTAIX) Fund

Discover what Wilmington Municipal Bond Instl Fund (WTAIX) manager is buying

Apr 29, 2016
Tarrant Cnty Tex Cultural Ed F Hosp 5% [2.44%]
Chicago Ill Met Wtr Reclamatio Metro 5% [2.43%]
Georgia St Go Bds 5% [2.4%]
Lincoln Neb Elec Sys Rev Ref Bds 0.01% [2.31%]
New York St Twy Auth 5% [2.18%]
Michigan Fin Auth 5% [2.08%]
Illinois St Toll Hwy Auth 5% [2.04%]
Bucks Cnty Pa Indl Dev Auth 10% [2%]
San Francisco Calif City & Cnt Rev Bd 5% [1.99%]
Bay Area Toll Auth 5% [1.99%]

Feb 28, 2016
Tarrant Cnty Tex Cultural Ed F Hosp 5% [2.49%]
Georgia St Go Bds 5% [2.49%]
Chicago Ill Met Wtr Reclamatio Metro 5% [2.46%]
Lincoln Neb Elec Sys Rev Ref Bds 0.01% [2.4%]
New York St Twy Auth 5% [2.24%]
Michigan Fin Auth 5% [2.13%]
Bucks Cnty Pa Indl Dev Auth 10% [2.09%]
Illinois St Toll Hwy Auth 5% [2.08%]
San Francisco Calif City & Cnt Rev Bd 5% [2.06%]
Bay Area Toll Auth 5% [2.06%]

Jan 30, 2016
Georgia St Go Bds 5% [2.48%]
Tarrant Cnty Tex Cultural Ed F Hosp 5% [2.47%]
Chicago Ill Met Wtr Reclamatio Metro 5% [2.46%]
Lincoln Neb Elec Sys Rev Ref Bds 0.01% [2.38%]
New York St Twy Auth 5% [2.26%]
Michigan Fin Auth 5% [2.12%]
Bucks Cnty Pa Indl Dev Auth 10% [2.09%]
Illinois St Toll Hwy Auth 5% [2.07%]
Bay Area Toll Auth 5% [2.05%]
San Francisco Calif City & Cnt Rev Bd 5% [2.04%]
Click here for Stock Holding Change Map in Wilmington Municipal Bond Instl Fund (WTAIX)

  

Latest News on Wilmington Municipal Bond Instl (WTAIX) Fund

See what is happening with Wilmington Municipal Bond Instl Fund (WTAIX)

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Wilmington Municipal Bond Instl Fund (WTAIX) Related ResourcesSee more information on Wilmington Municipal Bond Instl (WTAIX) Fund

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