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Trending ETFs

Destinations Multi Strategy Alternatives Fund

mutual fund
DMSFX
Dividend policy
Active
Price as of:
$10.47 +0.04 +0%
primary theme
Diversified Alternatives
share class
DMSFX (Mutual Fund)

Destinations Multi Strategy Alternatives Fund

Dividend policy
Active
Price as of:
$10.47 +0.04 +0%
primary theme
Diversified Alternatives
share class
DMSFX (Mutual Fund)
Destinations Multi Strategy Alternatives Fund
Dividend policy
Active
Price as of:
$10.47 +0.04 +0%
primary theme
Diversified Alternatives
share class

DMSFX - Snapshot

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 4.9%
  • 5 Yr Annualized Return N/A
  • Net Assets $1.02 B
  • Holdings in Top 10 34.0%

52 WEEK LOW AND HIGH

$10.43
$7.81
$10.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.73%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 119.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme Diversified Alternatives
  • Fund Type Open End Mutual Fund
  • Investment Style Multialternative

Compare DMSFX to Popular Diversified Alternatives Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$10.26

+0.20%

$5.29 B

3.12%

$0.32

blocked
blocked
blocked

0.20%

-

$10.14

0.00%

$3.26 B

1.30%

$0.13

blocked
blocked
blocked

0.40%

-

$31.51

-0.60%

$2.63 B

3.81%

$1.21

blocked
blocked
blocked

2.11%

-

$12.14

+0.08%

$1.49 B

2.82%

$0.34

blocked
blocked
blocked

0.75%

-

$13.89

-0.36%

$1.26 B

2.43%

$0.34

blocked
blocked
blocked

-0.07%

-

Compare DMSFX to Popular Diversified Alternatives ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

We couldn't find any ETFs within this investment theme.

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DMSFX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Destinations Multi Strategy Alternatives Fund
  • Fund Family Name
    Destinations Funds
  • Inception Date
    Mar 20, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Caldwell

Fund Description

The fund employs a strategy intended to generate long term growth across market cycles with reduced correlation to the equity and fixed income markets. It employs a "multi-manager" strategy whereby the Adviser allocates the fund's assets among professional money managers (each, a "Sub-adviser," collectively, the "Sub-advisers"), each of which is responsible for investing its allocated portion of the fund's assets. The fund may invest a significant portion of its assets in a particular geographic region or country, including emerging markets countries.


DMSFX - Performance

Return Ranking - Trailing

Period DMSFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -5.3% 4.7% 36.49%
1 Yr 10.0% -22.2% 29.0% 10.00%
3 Yr 4.9%* -14.6% 12.7% 17.24%
5 Yr N/A* -7.1% 11.6% N/A
10 Yr N/A* -0.6% 6.3% N/A

* Annualized

Return Ranking - Calendar

Period DMSFX Return Category Return Low Category Return High Rank in Category (%)
2020 8.2% -22.7% 305.1% 10.10%
2019 4.0% -9.8% 27.3% 58.87%
2018 -8.7% -20.8% 10.9% 78.93%
2017 N/A -12.4% 29.4% N/A
2016 N/A -10.5% 15.8% N/A

Total Return Ranking - Trailing

Period DMSFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -5.3% 4.7% 36.49%
1 Yr 10.0% -22.2% 29.0% 7.93%
3 Yr 4.9%* -14.6% 12.7% 14.94%
5 Yr N/A* -7.1% 11.6% N/A
10 Yr N/A* -0.6% 6.3% N/A

* Annualized

Total Return Ranking - Calendar

Period DMSFX Return Category Return Low Category Return High Rank in Category (%)
2020 8.2% -22.7% 305.1% 10.10%
2019 4.0% -9.8% 27.3% 59.62%
2018 -4.7% -20.8% 10.9% 43.39%
2017 N/A -8.4% 29.4% N/A
2016 N/A -10.2% 18.0% N/A

NAV & Total Return History


DMSFX - Holdings

Concentration Analysis

DMSFX Category Low Category High DMSFX % Rank
Net Assets 1.02 B 1.4 M 5.29 B 13.29%
Number of Holdings 176 4 4377 60.68%
Net Assets in Top 10 236 M -91.4 M 2.69 B 26.10%
Weighting of Top 10 33.98% 12.6% 100.0% 78.95%

Top 10 Holdings

  1. JPMorgan Strategic Income Opports R6 15.49%
  2. SPDR® S&P Biotech ETF 5.44%
  3. AdaptHealth Corp Ordinary Shares 2.29%
  4. Invitae Corp 1.95%
  5. MyoKardia Inc 1.94%
  6. CWABS Asset-Backed Certificates Trust 2006-22 0.29% 1.81%
  7. Relay Therapeutics Inc Ordinary Shares 1.69%
  8. Cytokinetics Inc 1.66%
  9. Federal Farm Credit Banks 2.43% 1.40%
  10. Immunomedics Inc 1.37%

Asset Allocation

Weighting Return Low Return High DMSFX % Rank
Bonds
44.95% -419.77% 9482.07% 31.86%
Cash
32.41% -9406.09% 494.28% 33.56%
Stocks
20.60% -24.27% 93.70% 56.61%
Convertible Bonds
1.38% 0.00% 84.90% 20.68%
Preferred Stocks
0.62% -0.12% 45.43% 14.58%
Other
0.03% -3.65% 89.48% 72.88%

Stock Sector Breakdown

Weighting Return Low Return High DMSFX % Rank
Healthcare
48.87% 0.00% 51.14% 1.09%
Financial Services
25.85% 0.00% 56.07% 7.66%
Communication Services
7.94% 0.00% 23.22% 60.58%
Technology
5.75% 0.00% 100.00% 93.80%
Real Estate
4.64% 0.00% 78.90% 28.10%
Utilities
3.20% 0.00% 37.26% 48.91%
Industrials
1.93% 0.00% 20.60% 94.16%
Consumer Cyclical
1.75% 0.00% 29.68% 94.53%
Energy
0.07% 0.00% 100.00% 90.88%
Consumer Defense
0.00% 0.00% 23.90% 98.54%
Basic Materials
0.00% 0.00% 25.11% 98.91%

Stock Geographic Breakdown

Weighting Return Low Return High DMSFX % Rank
US
17.43% -15.91% 91.88% 51.86%
Non US
3.17% -23.77% 36.98% 63.73%

Bond Sector Breakdown

Weighting Return Low Return High DMSFX % Rank
Securitized
38.70% 0.00% 89.57% 8.81%
Cash & Equivalents
37.02% 0.27% 100.00% 47.80%
Corporate
15.66% 0.00% 93.88% 43.73%
Derivative
8.57% 0.00% 91.28% 34.58%
Government
0.05% 0.00% 86.44% 84.75%
Municipal
0.00% 0.00% 26.35% 62.03%

Bond Geographic Breakdown

Weighting Return Low Return High DMSFX % Rank
US
41.91% -24.79% 3035.20% 28.47%
Non US
3.04% -528.06% 6446.87% 54.92%

DMSFX - Expenses

Operational Fees

DMSFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.73% 0.29% 31.15% 59.03%
Management Fee 1.35% 0.00% 2.50% 78.86%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

DMSFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DMSFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DMSFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 119.00% 0.00% 496.00% 45.45%

DMSFX - Distributions

Dividend Yield Analysis

DMSFX Category Low Category High DMSFX % Rank
Dividend Yield 0.00% 0.00% 2.14% 47.99%

Dividend Distribution Analysis

DMSFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

DMSFX Category Low Category High DMSFX % Rank
Net Income Ratio 3.86% -1.93% 6.83% 2.43%

Capital Gain Distribution Analysis

DMSFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

DMSFX - Fund Manager Analysis

Managers

Michael Caldwell


Start Date

Tenure

Tenure Rank

Mar 20, 2017

3.79

3.8%

Michael Caldwell serves as a Senior Analyst on the Driehaus Micro Cap Growth and Driehaus Small Cap Growth strategies and was promoted to Assistant Portfolio Manager of the Driehaus Event Driven strategy in 2013. Prior to joining Driehaus Capial Management in 2008, Mr. Caldwell worked as a graduate research associate for the department of biomedical engineering at Yale University in 2007. Mr. Caldwell began his career as Co-Founder and Managing Director of Ivy Concierge, LLC from 2005-2007.

Yoav Sharon


Start Date

Tenure

Tenure Rank

Mar 20, 2017

3.79

3.8%

Mr. Sharon earned his B.A. from Northwestern in 2003 and M.B.A. in finance, international business, and management and strategy from the Kellogg Graduate School of Management at Northwestern University in 2010. Yoav Sharon has been an Assistant Portfolio Manager for the Driehaus Event Driven strategy since 2015. Mr. Sharon also serves as the firm’s Senior Options Analyst, a role he has held since joining Driehaus in 2012. Prior to joining Driehaus, Mr. Sharon worked at Peak6 Investments, LLC as a Senior Analyst and trader from 2010 to 2012. From 2005 to 2008, Mr. Sharon served as a Managing Member of a firm he helped found, Raya Trading LLC. From 2002 to 2004, Mr. Sharon held positions of increasing responsibility at STR Trading Partners LLC, leaving that firm with a title of Senior Trader

Leigh Lowman


Start Date

Tenure

Tenure Rank

Mar 20, 2017

3.79

3.8%

Leigh A. Lowman is an Investment Manager at Brinker Capital with portfolio management responsibilities for the Destinations program. Prior to joining Brinker Capital in 2015, Ms. Lowman was an outreach analyst for The Investment Fund for Foundations (TIFF) and a senior associate for Mondrian Investment Partners. Ms. Lowman was previously at Brinker Capital from 2004 to 2010 as an investment associate and operations analyst. Ms. Lowman has a B.A. in Economics from Wittenburg University.

Jeff Raupp


Start Date

Tenure

Tenure Rank

Mar 20, 2017

3.79

3.8%

Jeff Raupp is the Chief Investment Officer at Brinker Capital. In this role, he maintains overall responsibility for asset allocation, strategy selection and portfolio construction, and leads the company’s investment team. Additionally, he oversees the portfolio management for Brinker Capital’s flagship 23-year mutual fund program, Destinations. Jeff is the Chair of Brinker Capital’s Investment Committee and serves as a member of the company’s Asset Allocation, Manager Research, and Executive Committees. Prior to his current role, Jeff served as the Director of Investments and Operations Manager for Brinker Capital, where he managed all operational aspects of the company’s relationship with Fidelity IWS and Fidelity Clearing & Custody Solutions. Jeff has over 22 years of industry management experience. Before joining Brinker Capital, Jeff was an Electronic Engineer and Project Manager for a small electronics firm. He also served as an Officer in the United States Army. Jeff received his Bachelor of Science in mechanical engineering from the University of Delaware and his Master of Business Administration in finance from Villanova University. Additionally, he’s certified in Lean Six Sigma through Villanova University and holds FINRA Series 7 and 66 licenses. Jeff is a member of the CFA Institute and the CFA® Society of Philadelphia.

Amy Magnotta


Start Date

Tenure

Tenure Rank

Mar 20, 2017

3.79

3.8%

Amy L. Magnotta, CFA, is a Senior Investment Manager at Brinker Capital with portfolio management responsibilities for the Destinations program. Ms. Magnotta joined Brinker Capital in 2006 as a senior analyst and has been portfolio manager for the Destinations program since 2007. Prior to joining Brinker Capital, Ms. Magnotta was an associate at Franklin Park Associates from 2004 to 2006 and an associate at BlackRock from 2001 to 2004. Ms. Magnotta has a B.S. in Finance from Lehigh University.

Thomas McCauley


Start Date

Tenure

Tenure Rank

Dec 31, 2017

3.0

3.0%

Mr. McCauley received his B.S. in Finance and Accounting from Tulane University in 2004 and an M.B.A. from the University of Chicago in 2011. He is a CFA® charterholder. From 2004 through 2006, Mr. McCauley was an Analyst focused on corporate debt underwriting and merger and acquisition advisory at ABN AMRO bank. From 2006 through 2009, Mr. McCauley was an Associate with Merit Capital Partners, a private equity investment firm. From 2011 through 2013, Mr. McCauley was an Investment Analyst with Chicago Fundamental Investment Partners, a hedge fund focused on investing across the capital structure in stressed and distressed opportunities. In 2013, he joined Driehaus as a Senior Analyst.

David Weeks


Start Date

Tenure

Tenure Rank

Mar 08, 2019

1.82

1.8%

David Weeks is the Managing Director for the Serenitas team. Mr. Weeks joined LMCG in May 2015 by virtue of LMCG’s acquisition of certain assets of Serenitas Capital. Prior to joining LMCG, Mr. Weeks was Chief Investment Officer of Serenitas Capital, a firm he co-founded in 2012. Mr. Weeks held previous positions as Managing Director at Merrill Lynch, where he was responsible for the proprietary trading of Non-Agency Residential Mortgage Backed Securities from 2006 to 2011. He spent seven years managing the Merrill Lynch CLO Trading desk, where he traded CLOs, CBOs and TruPS CDOs. Prior to that, Mr. Weeks worked for six years as a structured products analyst at Moody's Investors Service. Earlier in his career, Mr. Weeks traded equity options for ten years as a market maker on the floor of Philadelphia Stock Exchange, after working for two years as a specialist clerk on the American Stock Exchange. Mr. Weeks received a B.S. in Finance from Lehigh University.

Ajit Kumar


Start Date

Tenure

Tenure Rank

Mar 08, 2019

1.82

1.8%

Mr. Kumar is the Portfolio Manager for investment-grade credit correlation products. Prior to joining LMCG, Mr. Kumar was a Portfolio Manager at Serenitas. Mr. Kumar previously worked at Merrill Lynch where he served as a Director responsible for the proprietary trading of credit correlation products from 2005 to 2011, and, prior to that, he traded arbitrage relationships and relative value opportunities. Previously, Mr. Kumar worked at Morgan Stanley. Mr. Kumar received his Bachelors of Engineering in Computer Science from C.R. State College of Engineering, his MBA from McGill University, and his M.S. in Financial Mathematics from Stanford University. Mr. Kumar holds the Chartered Financial Analyst designation from the CFA Institute and is a member of New York Society of Security Analysts.

Edwin Tsui


Start Date

Tenure

Tenure Rank

Mar 08, 2019

1.82

1.8%

Mr. Tsui is a Co-Portfolio Manager for CLOs and high-yield credit correlation products. Prior to joining LMCG, Mr. Tsui was a Portfolio Manager at Serenitas. Mr. Tsui previously worked at Merrill Lynch serving as a Director first in charge of the proprietary trading of subprime bonds and subsequently the portfolio manager for the proprietary trading of CLOs and tranches of the HYCDX and LCDX credit indices. Mr. Tsui started his career at Merrill Lynch in 2004 as a structurer in the asset based principal investments group. Mr. Tsui received his M.S. in Mathematics in Finance from the Courant Institute of New York University and his undergraduate Masters of Physics degree from the University of Oxford. Mr. Tsui holds the Chartered Financial Analyst designation from the CFA Institute and is a member of New York Society of Security Analysts.

Andreas Eckner


Start Date

Tenure

Tenure Rank

Mar 08, 2019

1.82

1.8%

Mr. Eckner is the Portfolio Manager for residential mortgage backed securities (“RMBS”). Prior to joining LMCG, Mr. Eckner was a Portfolio Manager at Serenitas. Mr. Eckner previously worked at Merrill Lynch serving as Vice President in proprietary trading where he traded RMBS from 2007 to 2011. Prior to joining the financial industry, Mr. Eckner was at Stanford University where he completed a Ph.D. in Statistics and served on the admissions committee for the M.S. program in Financial Mathematics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 17.12 4.3 3.51