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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Destinations Municipal Fixed Income Fund

DMFFX | Fund

$9.66

$631 M

2.68%

$0.26

0.94%

Vitals

YTD Return

1.2%

1 yr return

5.7%

3 Yr Avg Return

3.3%

5 Yr Avg Return

1.0%

Net Assets

$631 M

Holdings in Top 10

12.2%

52 WEEK LOW AND HIGH

$9.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.94%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 41.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Destinations Municipal Fixed Income Fund

DMFFX | Fund

$9.66

$631 M

2.68%

$0.26

0.94%

DMFFX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.97%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Destinations Municipal Fixed Income Fund
  • Fund Family Name
    Destinations Funds
  • Inception Date
    Mar 20, 2017
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Amy Magnotta

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 that pay interest that is exempt from regular federal income tax. 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 may 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 unaffiliated funds and Sub-advisers, and among Sub-advisers, the Adviser considers a variety of factors.
In seeking high current income exempt from regular federal income tax, the Fund will invest in municipal instruments, which are fixed-income obligations issued by a state, territory or possession of the United States (including the District of Columbia) or a political subdivision, agency or instrumentality thereof. Interest income received by holders of municipal instruments is often exempt from the federal income tax and from the income tax of the state in which they are issued (although there may not be a similar exemption under the laws of a particular state or local taxing jurisdiction), although municipal instruments issued for certain purposes may not be tax-exempt. For non-corporate shareholders subject to the federal alternative minimum tax (“AMT”), a limited portion of the Fund’s dividends may be subject to federal tax.
The Fund primarily invests in investment grade debt obligations, but may invest to a limited extent in obligations that are rated below-investment grade (commonly referred to as “junk bonds”).
A Sub-adviser may sell a security for a variety of reasons, including, but not limited to, where the Sub-adviser believes selling the security will help the Fund to secure gains, limit losses, or redeploy assets into more promising opportunities, or the valuation is no longer attractive.
The Fund’s dollar-weighted average maturity, under normal circumstances, will range between three and thirteen years.
In seeking to achieve its investment objective, the Fund may make significant investments in structured securities and also may invest, to a lesser extent, in futures contracts, options and swaps, all of which are considered to be derivative instruments, for both hedging and non-hedging purposes.
The Fund’s investment adviser may engage in active trading and will not consider portfolio turnover a limiting factor in making decisions for the Fund.
The Fund may also lend portfolio securities in an attempt to earn additional income. Any income realized through securities lending may help Fund performance.
Read More

DMFFX - Performance

Return Ranking - Trailing

Period DMFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -0.8% 14.7% 50.11%
1 Yr 5.7% 1.9% 27.1% 62.20%
3 Yr 3.3%* 1.1% 23.8% 52.48%
5 Yr 1.0%* -3.5% 7.1% 27.98%
10 Yr N/A* 0.1% 250.2% N/A

* Annualized

Return Ranking - Calendar

Period DMFFX Return Category Return Low Category Return High Rank in Category (%)
2025 0.7% -26.4% 12.1% 36.06%
2024 -1.2% -6.2% 34.9% 58.35%
2023 1.7% -1.4% 41.0% 82.90%
2022 -7.8% -39.7% 0.3% 18.52%
2021 -1.6% -5.6% 55.0% 95.39%

Total Return Ranking - Trailing

Period DMFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -0.8% 14.7% 50.11%
1 Yr 5.7% 1.9% 27.1% 62.20%
3 Yr 3.3%* 1.1% 23.8% 52.48%
5 Yr 1.0%* -3.5% 7.1% 27.98%
10 Yr N/A* 0.1% 250.2% N/A

* Annualized

Total Return Ranking - Calendar

Period DMFFX Return Category Return Low Category Return High Rank in Category (%)
2025 3.6% -2.1% 17.0% 54.55%
2024 2.0% -1.8% 34.9% 55.48%
2023 4.6% 2.1% 41.0% 77.59%
2022 -6.2% -39.7% 1.1% 19.46%
2021 -0.1% -4.8% 23761504.0% 94.66%

NAV & Total Return History

DMFFX - Holdings

Concentration Analysis

DMFFX Category Low Category High DMFFX % Rank
Net Assets 631 M 4.18 M 87.7 B 43.36%
Number of Holdings 494 4 15641 28.00%
Net Assets in Top 10 78 M -317 M 4.4 B 55.56%
Weighting of Top 10 12.17% 1.2% 130.7% 70.60%

Top 10 Holdings

  1. Federated Government Obligations Fund 1.72%
  2. VANGUARD TAX-EXEMPT BOND INDEX ETF CL USD INC 0.00000000 1.71%
  3. MIAMI-DADE CNTY FL WTR SWR R REGD B/E 5.00000000 1.62%
  4. WASHINGTON ST REGD B/E 5.00000000 1.24%
  5. PHILADELPHIA PA REGD N/C B/E 5.00000000 1.20%
  6. PEFA INC IA GAS PROJ REVENUE REGD V/R B/E 5.00000000 1.02%
  7. NEW JERSEY ST TRANSPRTN TRUST REGD B/E 5.00000000 1.00%
  8. PRINCE GEORGES CNTY MD REGD B/E 5.00000000 0.96%
  9. LOUISIANA ST REGD N/C B/E 5.00000000 0.88%
  10. FORSYTH CNTY GA SCH DIST REGD N/C B/E 5.00000000 0.83%

Asset Allocation

Weighting Return Low Return High DMFFX % Rank
Bonds 		95.05% 0.00% 150.86% 85.88%
Cash 		3.24% -50.86% 43.00% 26.20%
Stocks 		1.71% 0.00% 100.20% 4.66%
Preferred Stocks 		0.00% 0.00% 0.07% 51.83%
Other 		0.00% -1.59% 51.23% 58.29%
Convertible Bonds 		0.00% 0.00% 0.93% 51.55%

Stock Sector Breakdown

Weighting Return Low Return High DMFFX % Rank
Utilities 		0.00% 0.00% 0.00% N/A
Technology 		0.00% 0.00% 0.00% N/A
Real Estate 		0.00% 0.00% 0.00% N/A
Industrials 		0.00% 0.00% 100.00% N/A
Healthcare 		0.00% 0.00% 0.00% N/A
Financial Services 		0.00% 0.00% 0.00% N/A
Energy 		0.00% 0.00% 0.00% N/A
Communication Services 		0.00% 0.00% 100.00% N/A
Consumer Defense 		0.00% 0.00% 0.00% N/A
Consumer Cyclical 		0.00% 0.00% 100.00% N/A
Basic Materials 		0.00% 0.00% 0.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High DMFFX % Rank
US 		1.71% 0.00% 100.20% 4.67%
Non US 		0.00% 0.00% 4.32% 51.33%

Bond Sector Breakdown

Weighting Return Low Return High DMFFX % Rank
Municipal 		89.09% 44.39% 100.00% 94.59%
Cash & Equivalents 		2.04% 0.00% 43.00% 26.78%
Derivative 		0.00% -0.35% 48.45% 57.36%
Securitized 		0.00% 0.00% 5.93% 52.27%
Corporate 		0.00% 0.00% 9.41% 60.13%
Government 		0.00% 0.00% 52.02% 54.29%

Bond Geographic Breakdown

Weighting Return Low Return High DMFFX % Rank
US 		95.05% 0.00% 135.36% 83.27%
Non US 		0.00% 0.00% 23.89% 55.28%

DMFFX - Expenses

Operational Fees

DMFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.03% 3.74% 32.59%
Management Fee 0.70% 0.00% 1.20% 98.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

DMFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

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

DMFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 0.00% 283.00% 89.03%

DMFFX - Distributions

Dividend Yield Analysis

DMFFX Category Low Category High DMFFX % Rank
Dividend Yield 2.68% 0.00% 14.51% 39.64%

Dividend Distribution Analysis

DMFFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DMFFX Category Low Category High DMFFX % Rank
Net Income Ratio 0.97% -0.53% 5.32% 87.69%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DMFFX - Fund Manager Analysis

Managers

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.

Timothy McGregor

Start Date

Tenure

Tenure Rank

Mar 20, 2017

5.2

5.2%

Timothy T.A. McGregor, Senior Vice President of Northern Trust Investments, Inc. Mr. McGregor has been manager for the Tax-Exempt Fund since November 1998 and has been manager for the Intermediate Tax-Exempt Fund since November 2000. Mr. McGregor joined Northern Trust Investments, Inc. in 1989 and has managed various municipal bond portfolios.

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.

Dusty Self

Start Date

Tenure

Tenure Rank

Aug 03, 2020

1.82

1.8%

Dusty Self is a Senior Portfolio Manager and Managing Director at Seix Investment Advisors LLC and provides analysis for all the Investment Grade Tax-Exempt Bond Funds. Ms. Self began her career as a portfolio specialist and then as a performance analyst at Seix Investment Advisors’ predecessor firm. She has worked in investment management since 1992.

Ronald Schwartz

Start Date

Tenure

Tenure Rank

Aug 03, 2020

1.82

1.8%

Ronald Schwartz joined Seix Investment Advisors LLC’ predecessor firm in 1988 and currently serves as Senior Portfolio Manager and Managing Director and leads the Investment Grade Tax-Exempt group at Seix Investment Advisors LLC. He is a member of the Seix Investment Policy Group, which determines firm-wide asset allocation policy. He has worked in investment management since 1982.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.27 1.58

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