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Destinations Shelter Fund
DSHFX (Mutual Fund)
Destinations Shelter Fund
Name
As of 12/09/2024Price
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
Vitals
YTD Return
22.0%
1 yr return
24.7%
3 Yr Avg Return
6.4%
5 Yr Avg Return
N/A
Net Assets
$98.7 M
Holdings in Top 10
36.9%
52 WEEK LOW AND HIGH
$12.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.19%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
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
DSHFX - Profile
Distributions
- YTD Total Return 22.0%
- 3 Yr Annualized Total Return 6.4%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.27%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDestinations Shelter Fund
-
Fund Family NameDestinations Funds
-
Inception DateOct 26, 2021
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Buckius
Fund Description
The Fund’s investment strategy seeks to provide capital appreciation through broad exposure to the equity markets with a lower volatility profile than long-only equity strategies, due to its implementation of a hedging strategy that uses index options to seek to limit the magnitude of negative returns during a declining equity market, thereby reducing the level of positive returns required to recoup losses (also referred to as drawdown risk). Insofar as the Fund’s investment strategy seeks to minimize investment losses during a declining equity market, it can be thought of as seeking to provide “shelter” to investors while weathering such market conditions.
The Fund employs a “multi-manager” strategy whereby the Adviser allocates the Fund’s assets among one or more 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.
To achieve its investment objective, the Fund may invest in equity securities (including U.S. and foreign common stocks, real estate investment trusts (REITs) and depositary receipts, including emerging markets); cash, cash equivalents, money market instruments and shares of money market funds; U.S. investment grade fixed income securities of various maturities, including U.S. government bonds; derivative instruments, including options on equity indexes, interest rate swaps, total return swaps, credit default swaps and futures; structured notes, and interests in unaffiliated funds. The Fund will use derivative investments primarily for hedging purposes. The Fund has the ability to invest in equity securities of issuers of various capitalizations, including small- and mid-cap issuers.
The Fund will invest in a diversified portfolio of equity securities and will implement an option overlay strategy, pursuant to which it will systematically purchase and sell exchange-traded index put options and sell exchange-traded index call options. The Fund’s combination of equity exposure, downside protection from investments in put options, and income from the sale of index call options is designed to provide the Fund with investment returns associated with equity market investments, but with less risk and a lower volatility profile than traditional long-only equity strategies. As a trade-off for providing shelter during declining equity markets, the Fund is expected to underperform traditional long-only equity strategies in rising equity markets and is not expected to provide shelter from equity market downside during periods of low volatility.
The Fund may also lend portfolio securities in an attempt to earn additional income.
DSHFX - Performance
Return Ranking - Trailing
| Period | DSHFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.0% | N/A | N/A | N/A |
| 1 Yr | 24.7% | N/A | N/A | N/A |
| 3 Yr | 6.4%* | N/A | N/A | N/A |
| 5 Yr | N/A* | N/A | N/A | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
| Period | DSHFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.8% | N/A | N/A | N/A |
| 2022 | -16.4% | N/A | N/A | N/A |
| 2021 | N/A | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
| 2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
| Period | DSHFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.0% | N/A | N/A | N/A |
| 1 Yr | 24.7% | N/A | N/A | N/A |
| 3 Yr | 6.4%* | N/A | N/A | N/A |
| 5 Yr | N/A* | N/A | N/A | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | DSHFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.2% | N/A | N/A | N/A |
| 2022 | -16.0% | N/A | N/A | N/A |
| 2021 | N/A | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
| 2019 | N/A | N/A | N/A | N/A |
NAV & Total Return History
DSHFX - Holdings
Concentration Analysis
| DSHFX | Category Low | Category High | DSHFX % Rank | |
|---|---|---|---|---|
| Net Assets | 98.7 M | N/A | N/A | N/A |
| Number of Holdings | 254 | N/A | N/A | N/A |
| Net Assets in Top 10 | 35.8 M | N/A | N/A | N/A |
| Weighting of Top 10 | 36.89% | N/A | N/A | N/A |
Top 10 Holdings
- APPLE INC 0.00000000 6.99%
- MICROSOFT CORP 0.00000000 6.43%
- NVIDIA CORP 0.00000000 6.23%
- ALPHABET INC-CL C 0.00000000 4.02%
- AMAZON.COM INC 0.00000000 3.49%
- META PLATFORMS INC-CLASS A 0.00000000 2.45%
- BERKSHIRE HATHAWAY INC-CL B 0.00000000 2.32%
- ELI LILLY CO 0.00000000 1.76%
- BROADCOM INC 0.00000000 1.64%
- JPMORGAN CHASE CO 0.00000000 1.56%
Asset Allocation
| Weighting | Return Low | Return High | DSHFX % Rank | |
|---|---|---|---|---|
| Stocks | 96.75% | N/A | N/A | N/A |
| Other | 1.91% | N/A | N/A | N/A |
| Cash | 1.34% | N/A | N/A | N/A |
| Preferred Stocks | 0.00% | N/A | N/A | N/A |
| Convertible Bonds | 0.00% | N/A | N/A | N/A |
| Bonds | 0.00% | N/A | N/A | N/A |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DSHFX % Rank | |
|---|---|---|---|---|
| Technology | 24.67% | N/A | N/A | N/A |
| Healthcare | 14.37% | N/A | N/A | N/A |
| Financial Services | 13.74% | N/A | N/A | N/A |
| Consumer Cyclical | 10.88% | N/A | N/A | N/A |
| Communication Services | 9.08% | N/A | N/A | N/A |
| Industrials | 7.76% | N/A | N/A | N/A |
| Consumer Defense | 6.39% | N/A | N/A | N/A |
| Energy | 4.76% | N/A | N/A | N/A |
| Utilities | 3.06% | N/A | N/A | N/A |
| Real Estate | 2.80% | N/A | N/A | N/A |
| Basic Materials | 2.49% | N/A | N/A | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DSHFX % Rank | |
|---|---|---|---|---|
| US | 96.75% | N/A | N/A | N/A |
| Non US | 0.00% | N/A | N/A | N/A |
DSHFX - Expenses
Operational Fees
| DSHFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.19% | N/A | N/A | N/A |
| Management Fee | 0.85% | N/A | N/A | N/A |
| 12b-1 Fee | N/A | N/A | N/A | N/A |
| Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
| DSHFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | N/A | N/A | N/A |
| Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
| DSHFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| DSHFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | N/A | N/A | N/A |
DSHFX - Distributions
Dividend Yield Analysis
| DSHFX | Category Low | Category High | DSHFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.30% | N/A | N/A | N/A |
Dividend Distribution Analysis
| DSHFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly |
Net Income Ratio Analysis
| DSHFX | Category Low | Category High | DSHFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.27% | N/A | N/A | N/A |
Capital Gain Distribution Analysis
| DSHFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 27, 2024 | $0.009 | OrdinaryDividend |
| Mar 27, 2024 | $0.003 | OrdinaryDividend |
| Dec 28, 2023 | $0.013 | OrdinaryDividend |
| Sep 28, 2023 | $0.008 | OrdinaryDividend |
| Jun 29, 2023 | $0.011 | OrdinaryDividend |
| Mar 30, 2023 | $0.004 | OrdinaryDividend |
| Dec 29, 2022 | $0.009 | OrdinaryDividend |
| Dec 15, 2022 | $0.009 | CapitalGainShortTerm |
| Dec 15, 2022 | $0.011 | CapitalGainLongTerm |
| Sep 29, 2022 | $0.005 | OrdinaryDividend |
| Jun 29, 2022 | $0.006 | OrdinaryDividend |
| Mar 30, 2022 | $0.001 | OrdinaryDividend |
| Dec 29, 2021 | $0.008 | OrdinaryDividend |
DSHFX - Fund Manager Analysis
Managers
Michael Buckius
Start Date
Tenure
Tenure Rank
Oct 26, 2021
0.59
0.6%
Michael Buckius joined Gateway Investment Advisers, LLC in 1999 and is currently the firm’s Chief Investment Officer, Senior Vice President and a member of the Board of Managers. Mr. Buckius also serves as a co-portfolio manager for several mutual funds advised or sub-advised by the firm, in addition to the firm’s separate account strategies. As Chief Investment Officer, Mr. Buckius oversees the firm’s investment management and trading functions, as well as product development and servicing individual client relationships.
Amy Magnotta
Start Date
Tenure
Tenure Rank
Oct 26, 2021
0.59
0.6%
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.
Leigh Lowman
Start Date
Tenure
Tenure Rank
Oct 26, 2021
0.59
0.6%
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.
Mitchell Trotta
Start Date
Tenure
Tenure Rank
Oct 26, 2021
0.59
0.6%
Mitchell Trotta joined Gateway Investment Advisers, LLC in 2016 and is currently a Portfolio Manager. Mr. Trotta is actively involved in the management of several mutual funds advised or sub-advised by the firm, in addition to the firm’s separate account strategies. In his role, Mr. Trotta is responsible for trading, providing analytical work supporting investment management decisions, and implementing the firm’s equity multi-factor model. Prior to joining Gateway, Mr. Trotta served as an associate for PNC Bank in the Asset Management Group. Mr. Trotta earned his BBA in Finance from the University of Cincinnati and is a CFA® charterholder.
Kenneth Toft
Start Date
Tenure
Tenure Rank
Oct 26, 2021
0.59
0.6%
Kenneth Toft joined Gateway Investment Advisers, LLC in 1992 and is currently a Senior Vice President and serves as a co-portfolio manager for several mutual funds advised or sub-advised by the firm, in addition to the firm’s separate account strategies. Mr. Toft is responsible for managing portfolios using hedging strategies for growth-oriented, high-volatility indexes as well as trading and servicing individual client relationships. Prior to joining Gateway, Mr. Toft served as a registered representative for Fidelity Investments.
Daniel Ashcraft
Start Date
Tenure
Tenure Rank
Oct 26, 2021
0.59
0.6%
Daniel Ashcraft joined Gateway Investment Advisers, LLC in 2009 and is a co-portfolio manager for several mutual funds advised or sub-advised by the firm, in addition to the firm’s separate account strategies. In this role, Mr. Ashcraft is involved in trading and analysis as well as implementation of the firm’s equity multi-factor model. Mr. Ashcraft earned his BS from Miami University, Ohio, and is a CFA® charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| N/A | N/A | N/A | N/A |
