DLCZX: Destinations Large Cap Equity Z

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DLCZX Destinations Large Cap Equity Z


Profile

DLCZX - Profile

Vitals

  • YTD Return -0.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $4.19 B
  • Holdings in Top 10 17.1%

52 WEEK LOW AND HIGH

$10.49
$9.22
$11.06

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

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

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Destinations Large Cap Equity Fund
  • Fund Family Name
    Destinations Funds
  • Inception Date
    Jul 16, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kristen Bartholdson

Fund Description

The fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of large capitalization companies. It invests primarily in common and preferred stock, rights or warrants to purchase common or preferred stock, securities convertible into common or preferred stock such as convertible preferred stock, bonds or debentures, and other securities with equity characteristics. The fund may also invest in futures contracts for speculative or hedging purposes.


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Categories

Performance

DLCZX - Performance

Return Ranking - Trailing

Period DLCZX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -79.9% 18.6% 94.84%
1 Yr 10.4% -80.4% 35.0% 57.30%
3 Yr N/A* -46.4% 30.0% N/A
5 Yr N/A* -37.3% 15.2% N/A
10 Yr N/A* -17.9% 16.3% N/A

* Annualized

Return Ranking - Calendar

Period DLCZX Return Category Return Low Category Return High Rank in Category (%)
2019 26.0% -67.9% 49.9% 36.29%
2018 N/A -65.5% 13.4% N/A
2017 N/A -46.3% 52.2% N/A
2016 N/A -43.3% 15.3% N/A
2015 N/A -38.0% 11.4% N/A

Total Return Ranking - Trailing

Period DLCZX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -79.9% 18.6% 94.84%
1 Yr 10.4% -80.4% 35.0% 57.22%
3 Yr N/A* -46.4% 31.7% N/A
5 Yr N/A* -37.3% 16.5% N/A
10 Yr N/A* -17.9% 17.5% N/A

* Annualized

Total Return Ranking - Calendar

Period DLCZX Return Category Return Low Category Return High Rank in Category (%)
2019 26.0% -67.9% 49.9% 36.29%
2018 N/A -65.5% 16.5% N/A
2017 N/A -28.2% 52.2% N/A
2016 N/A -43.3% 17.1% N/A
2015 N/A -38.0% 17.3% N/A

NAV & Total Return History


Holdings

DLCZX - Holdings

Concentration Analysis

DLCZX Category Low Category High DLCZX % Rank
Net Assets 4.19 B 1.19 M 201 B 26.81%
Number of Holdings 559 1 2065 1.34%
Net Assets in Top 10 717 M 442 K 63 B 38.98%
Weighting of Top 10 17.10% 11.0% 100.0% 98.51%

Top 10 Holdings

  1. Amazon.com Inc 2.76%
  2. Facebook Inc A 2.32%
  3. Microsoft Corp 2.21%
  4. Apple Inc 2.03%
  5. Visa Inc Class A 1.69%
  6. Alphabet Inc A 1.32%
  7. Alibaba Group Holding Ltd ADR 1.26%
  8. Berkshire Hathaway Inc B 1.21%
  9. Salesforce.com Inc 1.17%
  10. JPMorgan Chase & Co 1.13%

Asset Allocation

Weighting Return Low Return High DLCZX % Rank
Stocks
98.27% 83.84% 100.51% 59.00%
Cash
1.60% -3.81% 16.16% 38.54%
Preferred Stocks
0.13% 0.00% 3.86% 9.34%
Other
0.01% -0.90% 4.36% 15.53%
Convertible Bonds
0.00% 0.00% 0.01% 63.48%
Bonds
0.00% -0.51% 3.92% 65.12%

Stock Sector Breakdown

Weighting Return Low Return High DLCZX % Rank
Technology
19.44% 8.07% 54.73% 87.53%
Healthcare
17.17% 0.00% 52.29% 22.85%
Financial Services
16.11% 0.00% 38.34% 21.21%
Consumer Cyclical
10.51% 0.00% 52.42% 82.23%
Communication Services
10.22% 0.00% 32.90% 69.38%
Industrials
9.34% 0.00% 24.88% 35.47%
Consumer Defense
5.82% 0.00% 18.71% 29.87%
Energy
4.70% 0.00% 6.63% 5.08%
Basic Materials
3.01% 0.00% 10.79% 17.92%
Utilities
2.44% 0.00% 9.99% 10.60%
Real Estate
1.27% 0.00% 12.72% 60.19%

Stock Geographic Breakdown

Weighting Return Low Return High DLCZX % Rank
US
93.93% 78.13% 100.51% 48.17%
Non US
4.34% 0.00% 17.74% 48.17%

Expenses

DLCZX - Expenses

Operational Fees

DLCZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 26.11% 72.21%
Management Fee 0.75% 0.00% 1.40% 81.17%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

DLCZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

DLCZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

DLCZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 0.00% 807.00% 30.25%

Distributions

DLCZX - Distributions

Dividend Yield Analysis

DLCZX Category Low Category High DLCZX % Rank
Dividend Yield 0.00% 0.00% 48.68% 65.65%

Dividend Distribution Analysis

DLCZX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

DLCZX Category Low Category High DLCZX % Rank
Net Income Ratio 1.06% -2.06% 2.43% 5.34%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

DLCZX - Fund Manager Analysis

Managers

Kristen Bartholdson


Start Date

Tenure

Tenure Rank

Mar 20, 2017

2.87

2.9%

Kristen E. Bartholdson is a Senior Portfolio Manager for the firm’s Large-Cap Value team. Prior to joining Delaware Investments Fund Advisers in 2006 as an Associate Portfolio Manager, she worked at Susquehanna International Group from 2004 to 2006, where she was an equity research salesperson. From 2000 to 2004, Ms. Bartholdson worked in equity research at Credit Suisse, most recently as an Associate Analyst in investment strategy. Ms. Bartholdson earned her Bachelor’s degree in Economics from Princeton University.

Alan Mason


Start Date

Tenure

Tenure Rank

Mar 20, 2017

2.87

2.9%

Alan Mason is a Managing Director of BlackRock Advisors, LLC since 2009. Previously, Mr. Mason was a Managing Director of Barclays Global Investors from 2008 to 2009 and a Principal from 1996 to 2008.

Nikhil Lalvani


Start Date

Tenure

Tenure Rank

Mar 20, 2017

2.87

2.9%

Nikhil G. Lalvani, CFA Vice President, Senior Portfolio Manager, Team Leader — Large-Cap Value Equity Nikhil G. Lalvani is a senior portfolio manager for the firm’s Large-Cap Value team and assumed the role of Team Leader in October 2018. At Macquarie Investment Management (MIM) Lalvani has worked as both a fundamental and quantitative analyst. Prior to joining the firm in 1997 as an account analyst, he was a research associate with Bloomberg. Lalvani holds a bachelor’s degree in finance from The Pennsylvania State University. He is a member of the CFA Institute and the CFA Society of Philadelphia.

Joseph Fath


Start Date

Tenure

Tenure Rank

Mar 20, 2017

2.87

2.9%

Joe Fath is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. He is the portfolio manager and chairman of the Investment Advisory Committee for the Growth Stock Fund. He is also a member of the portfolio management team for the US Large-Cap Growth Equity Strategy in the U.S. Equity Division. Joe serves as a vice president and Investment Advisory Committee member of the Media & Telecommunications, Capital Opportunity and Mid-Cap Growth Funds. He joined the firm in 2002 as an analyst covering gaming, lodging, cruise lines, airlines, and air freight and logistics companies after serving as a summer intern for the firm in 2001. He was also the chief financial officer and cofounder of Broadform, Inc., a start-up educational/software company. In addition, Joe worked as director of operations analysis for Players International, a multi-jurisdictional gaming operator in the United States. He also was employed by Coopers & Lybrand as a senior associate in the Business Assurance and Financial Services Group. Joe graduated, with honors, with a B.S. in accounting from the University of Illinois at Urbana-Champaign. He earned an M.B.A., with honors, in finance and entrepreneurial management from the Wharton School, University of Pennsylvania. Joe also has earned the Certified Public Accountant accreditation.

Richard Carter


Start Date

Tenure

Tenure Rank

Mar 20, 2017

2.87

2.9%

Richard Carter is a Senior Portfolio Manager at Columbia Management Investment Advisers LLC. Mr. Carter joined one of the Columbia Management legacy firms or acquired business lines in 2003. Mr. Carter began his investment career in 1993 and earned a Bachelor of Arts from Connecticut College.

Todd Herget


Start Date

Tenure

Tenure Rank

Mar 20, 2017

2.87

2.9%

Todd Herget is a senior portfolio manager for the Focused Large Cap Growth Team at Columbia Threadneedle Investments. He is responsible for research coverage in the health care, industrial and energy sectors. Mr. Herget has been a member of the Focused Large Cap Growth Team since 2003 when he joined one of the Columbia Threadneedle Investments legacy firms. Mr. Herget was also a portfolio manager and equity research analyst. Previously, he was a research assistant at the George E. Reed Heart Center at the Westchester Medical Center in New York. He has been a member of the investment community since 1998. Mr. Herget received a B.S. from Brigham Young University and an MBA from the University of Notre Dame.

Jennifer Hsui


Start Date

Tenure

Tenure Rank

Jul 01, 2018

1.59

1.6%

Jennifer Hsui has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.

Greg Savage


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.08

1.1%

Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.08

1.1%

Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.

Brian Ferguson


Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.59

0.6%

Brian C. Ferguson Executive Vice President, Senior Portfolio Manager Brian is the senior portfolio manager on the Dynamic Large Cap Value Equity strategy, a position he has held since 2003. He is the head of the Large Cap Value team and also the analyst responsible for the Health Care and Financials sectors. Previously, he was a portfolio manager of the firm's Mid Cap Value strategy. Brian joined the firm in 1997 as a research analyst on the Small and Mid Cap Opportunistic Value team. Before joining the firm, Brian was a research analyst at Wellington Management. Prior to that, he was an assistant director of General Electric Capital Corp.'s corporate treasury group and graduated from GE's Financial Management Program. Brian received a BA in economics and international relations from Bucknell University and an MBA with a concentration in finance from Columbia Business School.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 52.12 8.13 0.75