The ten Destinations Funds represent Brinker Capital’s multi-asset class investment philosophy. The portfolio management team integrates recommendations from investment committees focused on asset allocation and manager selection when choosing sub-advisers. We believe in a blend of active and passive investments and as such, the team may utilize exchange-traded funds to gain direct or concentrated exposures.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 1-877-771-7979.
*Effective June 30, 2019, the Fund’s adviser, Brinker Capital, Inc. (“Brinker” or the “Adviser”), has contractually agreed to waive a portion of its management fee for a period of one year as necessary to keep the Fund’s management fee from exceeding 0.39% more than the total amount of sub-advisory fees paid by the Adviser. This contractual waiver will only apply if the Fund’s total management fees exceed the total amount of sub-advisory fees paid by the Adviser plus 0.39%, and will not affect the Fund’s total management fees if they are less than such amount. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2020. The agreement may be amended or terminated only with the consent of the Board of Trustees.
Bloomberg Barclays U.S. Aggregate Bond Index: A broad-based flagship benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and non-agency). Bloomberg Barclays U.S. Universal Bond Index: Represents the union of the U.S. Aggregate Index, U.S. Corporate High Yield Index, Investment Grade 144A Index, Eurodollar Index, U.S. Emerging Markets Index, and the non-ERISA eligible portion of the CMBS Index. The index covers USD-denominated, taxable bonds that are rated either investment grade or high-yield. BofA Merrill Lynch 1-3 U.S. Year Treasury Index: An unmanaged index that tracks the performance of the direct sovereign debt of the U.S. Government having a maturity of at least one year and less than three years. BofA Merrill Lynch 1-10 Year Municipal Securities Index: A subset of the BofA Merrill Lynch U.S. Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years. HFRX Global Hedge Fund Index: An asset weighted index comprised of all eligible hedge fund strategies, designed to be representative of the overall composition of the hedge fund universe. MSCI All Country World ex USA Index: A market-capitalization-weighted index maintained by MSCI and designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies. The MSCI All Country World ex USA Index includes both developed and emerging markets. MSCI World Index: An unmanaged market-weighted index that consists of securities traded in 23 of the world’s most developed countries. Securities are listed on exchanges in the U.S., Europe, Canada, Australia, New Zealand, and the Far East. The index is calculated with net dividends reinvested in U.S. dollars. Russell 1000 Index: Measures the performance of the 1,000 largest U.S. companies based on total market capitalization. Russell 2500 Index: A market cap weighted index that includes the smallest 2,500 companies covered in the Russell 3000 universe of United States-based listed equities. S&P 500 Index: Widely regarded as the best single gauge of large cap U.S. equities. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. One cannot invest directly in an index.
|Destinations Funds||Statutory prospectus||Statement of additional information||Annual Report||Semi-Annual Report**||XBRL||Proxy voting record||Tax Information|
|Destinations Core Fixed Income Fund|
|Destinations Equity Income Fund|
|Destinations Global Fixed Income Opportunities Fund|
|Destinations International Equity Fund|
|Destinations Large Cap Equity Fund|
|Destinations Low Duration Fixed Income Fund|
|Destinations Multi Strategy Alternatives Fund|
|Destinations Municipal Fixed Income Fund|
|Destinations Real Assets Fund|
|Destinations Small-Mid Cap Equity Fund|
**Note: The semi-annual report for the period ended August 31, 2019 contains a scrivener’s error with respect to the Destinations Equity Income Fund’s total annualized expense ratio on pages 2, 3, 247 and 248. The Fund’s total annualized expense ratio for the six months ended August 31, 2019 was actually 0.88% (for Class I Shares) and 0.73% (for Class Z Shares).
Monday – Friday 8:30 am – 5:00 pm EST
Brinker Capital Destinations Funds
P.O. Box 2175
Milwaukee, WI 53201
Brinker Capital Destinations Funds
235 W. Galena Street
Milwaukee, WI 53212
Mutual fund investing involves risk. The value of your investment in a Fund could go down. Multi-investment management styles may lead to overlapping securities transactions and higher transaction expenses compared to single investment management styles. Outcomes depend on the skill of the sub-advisers and adviser and the allocation of assets amongst them, as well as market fluctuations and industry/economic trends etc.
Before investing you should consider the Destinations Funds’ investment objectives, risks, charges and expenses carefully. The prospectus contains this and other information about the Funds. You may obtain a copy of the prospectus by calling 1-877-771-7979. The prospectus should be read carefully before investing.
Any tax or legal information provided is not an exhaustive interpretation of some of the current income tax regulations. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Funds nor any of their representatives may give legal or tax advice.
The Destinations Funds are distributed by Foreside Fund Services, LLC.