Wilmington Global Alpha Equities Fund Added To Schwab OneSource
Wilmington Global Alpha Equities Fund, an alternative investment mutual fund, has been added to Charles Schwab's Mutual Fund OneSource Select List in the first quarter of 2020.
"We are excited that the Wilmington Global Alpha Equities Fund has been chosen by Charles Schwab Investment Advisory for its highly respected Mutual Fund OneSource Select List, and this is an important milestone for Wilmington Investment Management," says Matt Glaser, Portfolio Manager and Head of Equities, Nontraditional Investments, and Manager Research.
From January 2017 through January 2020, the fund has outperformed its benchmark, the HFRX Equity Hedge Index, by 283 basis points on a net basis and captured approximately half the return of global equities with only about a third of the volatility (as measured by the MSCI ACWI Index). Over the same period, the fund's maximum drawdown was ‐6.27%, compared to ‐19.30% for the MSCI ACWI Index. The fund's assets under management now exceed $200 million, with total net assets of $221 million as of January 31, 2020.
The Schwab Mutual Fund OneSource Select List consists of no‐load and no‐transaction fee mutual funds.The OneSource Select List is intended to help investors identify funds that offer the best combination of factors such as performance, risk, and expense.
January 2020 marked three years since Wellington Management Company LLP began sub‐ advising the Wilmington Global Alpha Equities Fund.
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