Macro Allocation Fund

As of 4/30/2020

Additional Fund Information

Inception Date: 11/29/2011
Expense Ratio (Gross): 1.11%
Expense Ratio (Net): 1.11%
Ticker Symbol: WMCIX
CUSIP: 969251784

Fund Statistics

Total Net Assets ($Million): $579
Trailing 1-Year Turnover: 43.7%

Fund Allocations

U.S. 3.0%
Canada 0.4%
Europe (ex-U.K.) 2.3%
United Kingdom 7.1%
Asia Developed 2.3%
Emerging 0.3%

Fixed Income
U.S.3 12.7%
Developed (ex-U.S.)3 -2.0%
Emerging 8.8%

Unencumbered Cash2 23.7%

Credit Detail
U.S. Investment Grade Spread 3.0%
U.S. High Yield Spread 1.0%
U.S. MBS Spread 5.0%
European Investment Grade Spread 2.1%

Active Currency
USD Based
U.S. Dollar (USD) 1.5%
Canada Dollar (CAD) 0.0%
Other Americas 8.5%
Euro (EUR) -1.2%
Switzerland Franc (CHF) -6.0%
Great Britain Pound (GBP) 8.0%
Other Europe 8.4%
Australia Dollar (AUD) and New Zealand Dollar (NZD) -13.5%
Japan Yen (JPY) 6.0%
China Yuan (CNY) -5.0%
Asia (Excluding JPY and CNY) -7.4%
Other 0.7%

Select Exposures4
Israeli Shekel (ILS) -7.0%
Korean Won (KRW) -3.9%
Thai Baht (THB) -7.1%

Portfolio Construction Guidelines 1

1Information about the Fund’s holdings should not be considered investment advice. There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change at any time. With respect to Portfolio Construction Guidelines, holding allocations are not expected to fall below lower expectation band more frequently than 10% of the trading days based on daily value of Fund; similarly, holding allocations are not expected to exceed upper expectation band more frequently than 10% of trading days based on daily value of Fund.
2Unencumbered cash is residual cash and equivalents.
3Reflected as 10-year exposures
4 Select currency exposures by largest expected contribution to portfolio risk.

Expenses shown are as of the most recent prospectus and include acquired fund fees and expenses. The net expense ratio reflects that the Fund's Adviser has contractually agreed to waive fees and/or reimburse expenses to limit fund expenses until 4/30/2019. The investor will pay the net expense ratio. The Adviser has contractually agreed to limit the Fund's operating expenses (excluding acquired fund fees and expenses, borrowing costs, brokerage commissions, taxes, other investment-related costs and extraordinary expenses) to 1.00% and 1.25% of average daily net assets for Class I and Class N shares, respectively, until 4/30/2019. Please refer to the Fund's Prospectus for more information on the Fund's expenses.