Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.0%
1 yr return
11.7%
3 Yr Avg Return
3.0%
5 Yr Avg Return
3.8%
Net Assets
$830 M
Holdings in Top 10
16.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.14%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 90.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DGFFX - Profile
Distributions
- YTD Total Return 3.0%
- 3 Yr Annualized Total Return 3.0%
- 5 Yr Annualized Total Return 3.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.17%
- Dividend Yield 7.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDestinations Global Fixed Income Opportunities Fund
-
Fund Family NameDestinations Funds
-
Inception DateMar 20, 2017
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDouglas Baker
Fund Description
The Fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in fixed income securities. The Fund’s 80% policy is not fundamental and can be changed upon 60 days’ prior notice to shareholders.
The Fund 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 Adviser will also invest a portion of the Fund’s assets in unaffiliated funds that are registered under the Investment Company Act of 1940, as amended (the “1940 Act”), and that have investment objectives and principal investment strategies consistent with those of the Fund, including open-end funds, closed-end funds and exchange traded funds (ETFs), which may be passively managed (i.e., index-tracking) or actively managed.
ETFs may also be used to transition the Fund’s portfolio or to equitize cash while awaiting an opportunity to purchase securities directly. When determining how to allocate the Fund’s assets between ETFs and Sub-advisers, and among Sub-advisers, the Adviser considers a variety of factors.
The Fund invests primarily in investment grade and non-investment grade debt, preferred stock, convertible bonds (i.e., a bond that can be converted into a predetermined amount of the issuing company’s stock), bank loans, high yield bonds, municipal bonds, and special purpose acquisition companies (SPACs). The Fund will invest in securities of various credit qualities (i.e., investment grade and non-investment grade, which are commonly referred to as “high yield” securities or “junk bonds”, debt instruments rated below investment grade or debt instrument grade or debt instruments that are unrated and determined by the Adviser to be of comparable quality are predominantly speculative) and maturities (i.e., long-term, intermediate and short-term). The Fund will invest in debt obligations issued by sovereign, quasi-sovereign and private (non-government) emerging market issuers as well as U.S. dollar-denominated securities issued by non-U.S. domiciled companies.
It is expected that, under normal market conditions, at least 40% of the Fund’s assets will be invested in the securities of companies that are tied economically to at least three countries outside the U.S.
The Fund may invest in fixed income and debt obligations of any kind. Fixed income obligations include bonds, debt securities and fixed income and income-producing instruments of any kind issued or guaranteed by governmental or private- sector entities and other securities or instruments bearing fixed, floating, or variable interest rates of any maturity. The Fund may, from time to time, invest significantly in a specific credit quality, such as high-yield, or maturity, such as short-term.
The Fund may enter into derivatives transactions and other instruments of any kind for hedging purposes or otherwise to gain, or reduce, long or short exposure to one or more asset classes or issuers. The Fund also may use derivatives transactions with the purpose or effect of creating investment leverage. The Fund may enter into currency-related transactions, including spot transactions, forward exchange contracts and futures contracts.
A Sub-adviser may sell a security for a variety of reasons, including, among other things, if it believes a corporate action or announcement will affect the issuer or that it would be advantageous to do so.
The Fund may also lend portfolio securities in an attempt to earn additional income. Any income realized through securities lending may help Fund performance.
DGFFX - Performance
Return Ranking - Trailing
Period | DGFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.0% | -59.5% | 0.9% | 7.77% |
1 Yr | 11.7% | -15.5% | 19.7% | 2.88% |
3 Yr | 3.0%* | -4.3% | 4.2% | 1.99% |
5 Yr | 3.8%* | -2.5% | 4.1% | 2.13% |
10 Yr | N/A* | -3.0% | 2.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | DGFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.6% | -15.2% | 0.9% | 1.00% |
2022 | -9.1% | -10.9% | 12.2% | 93.81% |
2021 | 0.7% | -10.8% | 14.8% | 82.29% |
2020 | -0.8% | -15.3% | 0.6% | 35.84% |
2019 | 2.3% | -44.4% | 14.4% | N/A |
Total Return Ranking - Trailing
Period | DGFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.0% | -59.5% | 0.9% | 3.88% |
1 Yr | 11.7% | -16.6% | 30.5% | 4.27% |
3 Yr | 3.0%* | -5.2% | 10.9% | 4.35% |
5 Yr | 3.8%* | -2.8% | 7.4% | 4.64% |
10 Yr | N/A* | -3.0% | 3.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DGFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.1% | -15.2% | 0.9% | 1.00% |
2022 | -5.1% | -10.9% | 12.2% | 93.81% |
2021 | 5.3% | -10.8% | 14.8% | 81.25% |
2020 | 3.6% | -15.3% | 3.8% | 13.29% |
2019 | 6.7% | -44.4% | 14.4% | N/A |
NAV & Total Return History
DGFFX - Holdings
Concentration Analysis
DGFFX | Category Low | Category High | DGFFX % Rank | |
---|---|---|---|---|
Net Assets | 830 M | 74.5 K | 14.7 B | 35.78% |
Number of Holdings | 437 | 4 | 4562 | 42.18% |
Net Assets in Top 10 | 139 M | -112 M | 3.66 B | 43.13% |
Weighting of Top 10 | 16.92% | 4.7% | 100.0% | 92.31% |
Top 10 Holdings
- XTRACKERS USD HIGH YIELD CORPORATE BOND ETF 0.00000000 6.76%
- IEA ENERGY SERVICES LLC REGD 144A P/P 6.62500000 1.34%
- SUMMIT MID HLDS LLC / FI REGD S/UP 144A P/P 9.00000000 1.27%
- T/L CENGAGE LEARNING INC.REGD 0.00000000 1.12%
- T/L NAI ENTERTAINMENT HOLDINGS LLC REGD 0.00000000 1.12%
- INFRABUILD AUSTRALIA PTY REGD 144A P/P 14.50000000 1.10%
- FIVEN ASA /EUR/ REGD V/R REG S EMTN 0.00000000 1.08%
- OPNET SPA /EUR/ REGD V/R 144A P/P 10.97200000 1.05%
- TPC GROUP INC REGD 144A P/P 13.00000000 1.05%
- CANNABIST CO HLDGS INC REGD 9.50000000 1.03%
Asset Allocation
Weighting | Return Low | Return High | DGFFX % Rank | |
---|---|---|---|---|
Bonds | 83.93% | 0.00% | 220.33% | 87.20% |
Stocks | 7.57% | 0.00% | 7.47% | 0.47% |
Convertible Bonds | 6.95% | 0.00% | 11.19% | 1.90% |
Cash | 5.51% | -130.07% | 95.62% | 45.02% |
Preferred Stocks | 2.79% | 0.00% | 2.87% | 0.47% |
Other | 0.21% | -9.71% | 100.00% | 13.27% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DGFFX % Rank | |
---|---|---|---|---|
Financial Services | 75.01% | 0.00% | 100.00% | 24.19% |
Energy | 8.16% | 0.00% | 100.00% | 37.10% |
Healthcare | 6.72% | 0.00% | 9.46% | 6.45% |
Industrials | 4.71% | 0.00% | 11.80% | 30.65% |
Communication Services | 3.28% | 0.00% | 56.19% | 35.48% |
Real Estate | 1.08% | 0.00% | 3.17% | 3.23% |
Utilities | 0.63% | 0.00% | 91.33% | 19.35% |
Technology | 0.21% | 0.00% | 21.64% | 20.97% |
Consumer Cyclical | 0.14% | 0.00% | 27.00% | 27.42% |
Basic Materials | 0.03% | 0.00% | 100.00% | 37.10% |
Consumer Defense | 0.02% | 0.00% | 34.30% | 27.42% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DGFFX % Rank | |
---|---|---|---|---|
US | 7.57% | 0.00% | 6.55% | 0.47% |
Non US | 0.00% | 0.00% | 1.77% | 2.37% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DGFFX % Rank | |
---|---|---|---|---|
Corporate | 69.72% | 0.00% | 98.62% | 2.40% |
Government | 13.88% | 0.30% | 99.47% | 97.12% |
Cash & Equivalents | 1.99% | 0.00% | 95.62% | 49.04% |
Securitized | 1.06% | 0.00% | 52.02% | 67.79% |
Municipal | 0.00% | 0.00% | 7.95% | 77.40% |
Derivative | -0.17% | 0.00% | 74.77% | 41.83% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DGFFX % Rank | |
---|---|---|---|---|
US | 77.57% | -5.52% | 107.53% | 50.24% |
Non US | 6.36% | 0.00% | 112.80% | 79.15% |
DGFFX - Expenses
Operational Fees
DGFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.14% | 0.02% | 3.65% | 32.06% |
Management Fee | 0.85% | 0.00% | 2.08% | 95.61% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
DGFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.00% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
DGFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
DGFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 90.00% | 6.00% | 354.00% | 86.98% |
DGFFX - Distributions
Dividend Yield Analysis
DGFFX | Category Low | Category High | DGFFX % Rank | |
---|---|---|---|---|
Dividend Yield | 7.26% | 0.00% | 17.40% | 2.84% |
Dividend Distribution Analysis
DGFFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
DGFFX | Category Low | Category High | DGFFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.17% | -1.08% | 5.77% | 5.39% |
Capital Gain Distribution Analysis
DGFFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.049 | OrdinaryDividend |
Feb 29, 2024 | $0.057 | OrdinaryDividend |
Dec 29, 2023 | $0.112 | OrdinaryDividend |
Nov 30, 2023 | $0.051 | OrdinaryDividend |
Oct 31, 2023 | $0.050 | OrdinaryDividend |
Sep 29, 2023 | $0.046 | OrdinaryDividend |
Aug 31, 2023 | $0.042 | OrdinaryDividend |
Jul 28, 2023 | $0.043 | OrdinaryDividend |
Jun 30, 2023 | $0.037 | OrdinaryDividend |
May 26, 2023 | $0.056 | OrdinaryDividend |
Apr 28, 2023 | $0.051 | OrdinaryDividend |
Mar 31, 2023 | $0.039 | OrdinaryDividend |
Feb 28, 2023 | $0.029 | OrdinaryDividend |
Dec 30, 2022 | $0.108 | OrdinaryDividend |
Nov 30, 2022 | $0.033 | OrdinaryDividend |
Oct 28, 2022 | $0.033 | OrdinaryDividend |
Sep 30, 2022 | $0.034 | OrdinaryDividend |
Aug 30, 2022 | $0.035 | OrdinaryDividend |
Jul 29, 2022 | $0.034 | OrdinaryDividend |
Jun 30, 2022 | $0.031 | OrdinaryDividend |
May 27, 2022 | $0.030 | OrdinaryDividend |
Apr 29, 2022 | $0.038 | OrdinaryDividend |
Mar 31, 2022 | $0.025 | OrdinaryDividend |
Dec 30, 2021 | $0.152 | OrdinaryDividend |
Nov 30, 2021 | $0.026 | OrdinaryDividend |
Oct 29, 2021 | $0.033 | OrdinaryDividend |
Sep 30, 2021 | $0.038 | OrdinaryDividend |
Aug 31, 2021 | $0.028 | OrdinaryDividend |
Jul 30, 2021 | $0.024 | OrdinaryDividend |
Jun 29, 2021 | $0.026 | OrdinaryDividend |
May 27, 2021 | $0.022 | OrdinaryDividend |
Apr 29, 2021 | $0.031 | OrdinaryDividend |
Mar 30, 2021 | $0.032 | OrdinaryDividend |
Feb 25, 2021 | $0.024 | OrdinaryDividend |
Jan 28, 2021 | $0.005 | OrdinaryDividend |
Dec 30, 2020 | $0.053 | OrdinaryDividend |
Nov 27, 2020 | $0.038 | OrdinaryDividend |
Oct 30, 2020 | $0.032 | OrdinaryDividend |
Sep 30, 2020 | $0.030 | OrdinaryDividend |
Aug 31, 2020 | $0.035 | OrdinaryDividend |
Jul 31, 2020 | $0.034 | OrdinaryDividend |
Jun 30, 2020 | $0.043 | OrdinaryDividend |
May 29, 2020 | $0.036 | OrdinaryDividend |
Apr 30, 2020 | $0.036 | OrdinaryDividend |
Mar 31, 2020 | $0.030 | OrdinaryDividend |
Feb 28, 2020 | $0.037 | OrdinaryDividend |
Jan 31, 2020 | $0.010 | OrdinaryDividend |
Dec 27, 2019 | $0.053 | OrdinaryDividend |
Nov 26, 2019 | $0.032 | OrdinaryDividend |
Oct 30, 2019 | $0.032 | OrdinaryDividend |
Sep 26, 2019 | $0.032 | OrdinaryDividend |
Aug 29, 2019 | $0.034 | OrdinaryDividend |
Jul 30, 2019 | $0.034 | OrdinaryDividend |
Jun 27, 2019 | $0.033 | OrdinaryDividend |
May 30, 2019 | $0.035 | OrdinaryDividend |
Apr 29, 2019 | $0.034 | OrdinaryDividend |
Mar 28, 2019 | $0.032 | OrdinaryDividend |
Feb 27, 2019 | $0.032 | OrdinaryDividend |
Jan 30, 2019 | $0.032 | OrdinaryDividend |
Dec 27, 2018 | $0.035 | OrdinaryDividend |
Nov 29, 2018 | $0.032 | OrdinaryDividend |
Oct 30, 2018 | $0.032 | OrdinaryDividend |
Aug 31, 2018 | $0.031 | OrdinaryDividend |
Jul 31, 2018 | $0.027 | OrdinaryDividend |
Jun 28, 2018 | $0.031 | OrdinaryDividend |
May 30, 2018 | $0.032 | OrdinaryDividend |
Apr 27, 2018 | $0.032 | OrdinaryDividend |
Mar 28, 2018 | $0.028 | OrdinaryDividend |
Feb 27, 2018 | $0.029 | OrdinaryDividend |
Jan 30, 2018 | $0.028 | OrdinaryDividend |
Dec 28, 2017 | $0.033 | OrdinaryDividend |
Nov 29, 2017 | $0.033 | OrdinaryDividend |
Oct 30, 2017 | $0.031 | OrdinaryDividend |
Sep 28, 2017 | $0.033 | OrdinaryDividend |
Aug 30, 2017 | $0.031 | OrdinaryDividend |
Jul 27, 2017 | $0.030 | OrdinaryDividend |
Jun 29, 2017 | $0.043 | OrdinaryDividend |
May 30, 2017 | $0.055 | OrdinaryDividend |
DGFFX - Fund Manager Analysis
Managers
Douglas Baker
Start Date
Tenure
Tenure Rank
Mar 20, 2017
5.2
5.2%
Mr. Baker is the head of the Preferred Securities Sector Team and a member of the Fixed Income Strategy Committee, which establishes investment policy for all taxable fixed income products. He co-leads the taxable fixed income credit oversight process, which provides a structure for implementing credit strategy across taxable fixed income. As a senior fixed income portfolio manager, he is the lead manager for Nuveen Asset Management’s Preferred Securities related strategies, as well as a co-portfolio manager for the Multi-Sector, Core Plus Bond, and Inflation Protected Municipal Bond strategie
Brenda Langenfeld
Start Date
Tenure
Tenure Rank
Mar 20, 2017
5.2
5.2%
Brenda A. Langenfeld, CFA, entered the financial services industry in 2004. She has been a Vice President and Portfolio Manager at Nuveen Asset Management since joining the firm in 2011. She was named Co-Portfolio Manager of the Preferred Securities strategy in January 2012. In April 2015, she was named Co-Portfolio Manager of the Real Asset Income strategy. She was named Senior Vice President in March 2017. In March 2019, she was named Managing Director.
Leigh Lowman
Start Date
Tenure
Tenure Rank
Mar 20, 2017
5.2
5.2%
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.
Luz Padilla
Start Date
Tenure
Tenure Rank
Mar 20, 2017
5.2
5.2%
Ms. Padilla joined DoubleLine in 2009 as the Director of the Emerging Markets Group and is the lead Portfolio Manager. Prior to DoubleLine, she was a Managing Director at TCW. She began working at TCW in 1994, where she had served in a number of roles of increasing responsibility with the group, including Credit Analyst, Director of Research, Co-Portfolio Manager since December 2001, and lead Portfolio Manager since October 2006. She was involved in all aspects of building and managing TCW's Emerging Markets Fixed Income business including credit, securitization, trading and marketing. Ms. Padilla attended University of California at Berkeley as a fellow of the Robert A. Toigo Foundation and graduated with an MBA in 1994. Ms. Padilla received her BA in Economics in 1989 from Stanford University in Palo Alto, California.
Mark Christensen
Start Date
Tenure
Tenure Rank
Mar 20, 2017
5.2
5.2%
Mr. Christensen joined DoubleLine Capital LP in 2009 as a Portfolio Manager, Co-Portfolio Manager, Senior Credit Analyst and Head of Emerging Markets Corporate Research. As part of his research responsibilities, he covers corporate credits in the following sectors: telecommunications, media, aerospace, banking, pulp & paper, chemical, petroleum refining, infrastructure, gaming and retail. Prior to DoubleLine, he was a Managing Director associated with TCW since 1991, where he had been involved in building and managing TCW emerging markets fixed income business, including trading, marketing, and credit research, and portfolio management. Mr. Christensen graduated from Brigham Young University with a BS in Business Management with an emphasis in International Finance.
Su Koo
Start Date
Tenure
Tenure Rank
Mar 20, 2017
5.2
5.2%
Ms. Koo joined DoubleLine in 2009 as Portfolio Manager and Senior Credit Analyst. As part of her research responsibilities, she specializes in the analysis of corporate credits in the sectors of oil & gas, utilities, metals & mining, conglomerates, technology, transportation, and real estate. Prior to DoubleLine, she was a Senior Vice President associated with TCW since 1998. In addition to credit analysis, she was involved in marketing and since 2006 performed increasing portfolio management duties. Previously, Ms. Koo was an Assistant Treasurer at Société Générale involved in Corporate Finance. Prior to that, she was an Assistant Vice President with Bank of America in the Financial Institution Group. Ms. Koo holds a BS in Business Administration from the University of Houston and an MBA in Finance from the University of Southern California.
David Sherman
Start Date
Tenure
Tenure Rank
Mar 20, 2017
5.2
5.2%
David K. Sherman is the portfolio manager for RiverPark Short Term and RiverPark Strategic Income. Mr. Sherman, is the managing member of Cohanzick. Since 1996, Mr. Sherman, on behalf of Cohanzick Management, LLC , has managed accounts for various clients utilizing investment programs substantially similar to those intended to be used by the Fund. From January 1987 to August 1996, Mr. Sherman held various executive and director positions at Leucadia National Corporation and/or its subsidiaries. From August 1992 to August 1996, Mr. Sherman served as a Vice President of Leucadia with primary responsibility for the oversight of Leucadia's insurance companies' investment portfolios. Mr. Sherman holds a B.S. in Business Administration from Washington University.
Amy Magnotta
Start Date
Tenure
Tenure Rank
Mar 20, 2017
5.2
5.2%
Amy Magnotta is the Co-head of Discretionary Portfolios at Brinker Capital Investments. In this role, she oversees the firm’s discretionary portfolio offerings and implementation of Brinker Capital’s asset allocation and manager selection decisions. Amy has primary portfolio management responsibilities for Brinker Capital’s mutual fund program, Destinations. She has over 20 years of industry experience. Prior to joining Brinker Capital Investments, Amy was a Consultant for Franklin Park Associates LLC, where she selected private equity investments for institutional clients. She also served in a fixed income product management and institutional client service role at BlackRock Inc. Amy graduated from Lehigh University with a Bachelor of Science in finance. She is a CFA® charterholder and a member of the CFA Institute and the CFA® Society of Philadelphia.
Jonathan Berg
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
Jonathan Berg joined Cohanzick Management, LLC in 2010. Mr. Berg is currently an Assistant Portfolio Manager and Senior Analyst and has been an employee of CrossingBridge since its inception in 2016. Mr. Berg has more than 20 years of investment experience having worked at Bear Stearns, Merrill Lynch, Ellington Management, and Trust Company of the West. Mr. Berg holds a Bachelor of Arts from Duke University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 28.31 | 6.8 | 3.67 |