Destinations Small-Mid Cap Equity Fund

Overview

The Destinations Small-Mid Cap Equity Fund seeks to provide  long-term capital appreciation and invests primarily in small and mid-cap equity securities.

Employing a multi-manager approach, the Fund currently allocates assets among the following sub-advisers:

  • Ceredex Value Advisors LLC is the sub-adviser of Ceredex Mid-Cap Value which employes a disciplined and methodical bottom-up stock selection process with an emphasis on dividends, valuation and fundamentals.
  • Driehaus Capital Management LLC is the sub-adviser of Driehaus Micro Cap Growth which focuses on micro and small cap companies with company-specific growth inflection points.
  • LMCG Investments, LLC is the sub-adviser of the LMCG Small Cap Value Strategy which employs a classic value approach with an emphasis on purchasing high quality companies at a discount to intrinsic value.
Fund performance as of 12/31/17
Annualized
MTD QTD YTD 1 Year 3 Years 5 Years Since
Inception
Destinations Small-Mid Cap Equity Fund
0.39%
4.40%
N/A
N/A
N/A
N/A
12.34%
Russell 2500 Index
0.34%
5.24%
N/A
N/A
N/A
N/A
12.11%

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. Year-to-date (YTD) returns are not listed for the Funds as a full year of performance does not yet exist.

*Effective March 20, 2017, 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, 2018. The agreement may be amended or terminated only with the consent of the Board of Trustees.

Russell 2500 Index Definition: A market cap weighted index that includes the smallest 2,500 companies covered in the Russell 3000 universe of United States-based listed equities. One cannot invest directly in an index.

An investment in the Destinations Small-Mid Cap Equity Fund is subject to risk, including the possible loss of principal amount invested.

Foreign securities subject the Fund to the risks associated with investing in the particular country of an issuer, including the political, regulatory, economic, social, diplomatic and other conditions or events, as well as risks associated with less developed custody and settlement practices. Foreign securities may be more volatile and less liquid than securities of U.S. companies.

Liquidity risk refers to the possibility that securities cannot be readily sold within seven days at approximately the price at which the Fund has valued them.

With securities lending risk, the Fund may lose money from securities lending if, for example, it is delayed in or prevented from selling the collateral after the loan is made or recovering the securities loaned or if it incurs losses on the reinvestment of cash collateral.

Mid-capitalization companies may be newer or less established than large-capitalization companies, and may have limited resources, products and markets, can be more volatile and may be less liquid.

Stocks of smaller companies may be subject to more abrupt or erratic market movements than stocks of larger, more established companies and typically are traded in lower volume, are less liquid. These risks may be heightened with respect to micro-cap companies.

Fund facts
  • Ticker: DSMFX
  • CUSIP: 10964R202
  • Benchmark: Russell 2500 Index
  • Inception date: 03/20/2017
  • Gross expense ratio: 1.13%
  • Net expense ratio: 0.98%*
Daily NAV Date: 02/23/2018

Management team

  • Jeffrey W. Raupp
    Jeffrey W. Raupp Director of Investments

    Jeffrey W. Raupp, CFA, MBA, is Director of Investments at Brinker Capital with portfolio management responsibilities for the Destinations program. He also serves as chair of Brinker Capital’s asset allocation committee. Mr. Raupp joined Brinker Capital in 1996 as an operations manager and has been a portfolio manager for the Destinations program since 2001. Prior to joining Brinker Capital, Mr. Raupp was an electronic engineer and project manager for a small electronics firm. He also served as an officer in the United States Army. Mr. Raupp has a B.S. in Mechanical Engineering from the University of Delaware and a MBA in Finance from Villanova University.

  • Amy L. Magnotta
    Amy L. Magnotta Senior Vice President

    Amy L. Magnotta, CFA, is a Senior Vice President at Brinker Capital with portfolio management responsibilities for the Destinations program. Ms. Magnotta joined Brinker Capital in 2006 as a senior analyst and has been portfolio manager for the Destinations program since 2007. Prior to joining Brinker Capital, Ms. Magnotta was an associate at Franklin Park Associates from 2004 to 2006 and an associate at BlackRock from 2001 to 2004. Ms. Magnotta has a B.S. in Finance from Lehigh University.

  • Leigh A. Lowman
    Leigh A. Lowman Investment Manager

    Leigh A. Lowman, CFA 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 Wittenberg University.

Performance

Fund performance as of 12/31/17
Annualized
MTD QTD YTD 1 Year 3 Years 5 Years Since
Inception
Inception
Date
Gross
expense
ratio
Net
expense
ratio*
Destinations Small-Mid Cap Equity Fund
0.39%
4.40%
N/A
N/A
N/A
N/A
12.34%
3/20/2017
1.13%
0.98%
Russell 2500 Index
0.34%
5.24%
N/A
N/A
N/A
N/A
12.11%

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. Year-to-date (YTD) returns are not listed for the Funds as a full year of performance does not yet exist.

*Effective March 20, 2017, 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, 2018. The agreement may be amended or terminated only with the consent of the Board of Trustees.

Russell 2500 Index Definition: A market cap weighted index that includes the smallest 2,500 companies covered in the Russell 3000 universe of United States-based listed equities. One cannot invest directly in an index.

Holdings

Security DescriptionTicker SymbolSecurity IDSecurity Type DescriptionQuantityBase Market ValuePercent TNA
US DOLLARSCASHUSDCURRENCY22,003,596.010022,003,596.013.05
MATERIALISE NV-ADRMTLS57667T100COMMON STOCK43,499.0000558,527.16.08
VALIDUS HOLDINGS LTDVRB23HRW2COMMON STOCK27,070.00001,832,639.00.25
GASLOG LTDGLOGB79J095COMMON STOCK42,180.0000852,036.00.12
BANK OF N.T. BUTTERFIELD&SONNTBBD8FF02COMMON STOCK37,889.00001,522,758.91.21
XL GROUP LTDXLBD95VZ8COMMON STOCK94,400.00003,477,696.00.48
CLEMENTIA PHARMACEUTICALS INCMTA185575107COMMON STOCK60,286.0000965,178.86.13
MASONITE INTERNATIONAL CORPDOOR575385109COMMON STOCK14,195.0000990,101.25.14
SILICON MOTION TECHNOL-ADRSIMO82706C108COMMON STOCK14,994.0000744,901.92.10
ICHOR HOLDINGS LTDICHRBD2B5Y0COMMON STOCK25,424.0000811,534.08.11
SMART GLOBAL HOLDINGS INCSGHBYPBTG4COMMON STOCK93,411.00003,388,016.97.47
TALEND SA - ADRTLND874224207COMMON STOCK24,052.0000937,306.44.13
INGERSOLL-RAND PLCIRB633030COMMON STOCK35,000.00003,312,050.00.46
WILLIS TOWERS WATSON PLCWLTWBDB6Q21COMMON STOCK26,283.00004,217,633.01.58
PERRIGO COMPANY PLCPRGOG97822103COMMON STOCK70,729.00006,409,461.98.89
RADCOM LTDRDCM2117124COMMON STOCK40,409.0000727,362.00.10
NOVA MEASURING INSTRUMENTSNVMI2577740COMMON STOCK25,938.0000703,438.56.10
FOAMIX PHARMACEUTICALS LTDFOMXBQRB1Q0COMMON STOCK87,545.0000598,807.80.08
SILICOM LTDSILCM84116108COMMON STOCK13,798.0000899,767.58.12
SODASTREAM INTERNATIONAL LTDSODAM9068E105COMMON STOCK11,205.0000881,049.15.12
MIMECAST LTDMIMEBYT5JK6COMMON STOCK42,581.00001,309,365.75.18
STAR BULK CARRIERS CORPSBLKBD6NYK1COMMON STOCK76,028.0000847,712.20.12
ARGENX SE - ADRARGX04016X101COMMON STOCK17,410.00001,350,667.80.19
CORE LABORATORIES N.V.CLBN22717107COMMON STOCK24,027.00002,746,286.10.38
CRISPR THERAPEUTICS AGCRSPBDHF4K6COMMON STOCK9,645.0000378,855.60.05
ACLARIS THERAPEUTICS INCACRS00461U105COMMON STOCK28,524.0000630,950.88.09
ACTUANT CORP-AATU00508X203COMMON STOCK39,658.0000981,535.50.14
ADAMAS PHARMACEUTICALS INCADMS00548A106COMMON STOCK36,899.00001,396,258.16.19
ADESTO TECHNOLOGIES CORPIOTS00687D101COMMON STOCK126,292.0000833,527.20.12
AERIE PHARMACEUTICALS INCAERI00771V108COMMON STOCK9,126.0000500,561.10.07
ADVANSIX INCASIX00773T101COMMON STOCK16,021.0000632,188.66.09
AFFILIATED MANAGERS GROUPAMG008252108COMMON STOCK19,794.00003,951,476.22.55
AIR PRODUCTS & CHEMICALS INCAPD009158106COMMON STOCK16,469.00002,772,885.53.38
AIR TRANSPORT SERVICES GROUPATSG00922R105COMMON STOCK45,570.00001,132,870.20.16
ALASKA AIR GROUP INCALK011659109COMMON STOCK57,080.00003,751,868.40.52
ALLEGHENY TECHNOLOGIES INCATI01741R102COMMON STOCK64,842.00001,748,140.32.24
ALTAIR ENGINEERING INC - AALTR021369103COMMON STOCK81,534.00002,168,804.40.30
ALTERYX INC - CLASS AAYX02156B103COMMON STOCK28,219.0000773,200.60.11
ALTRA INDUSTRIAL MOTION CORPAIMC02208R106COMMON STOCK35,016.00001,834,838.40.25
AMERICAN CAMPUS COMMUNITIESACC024835100REIT - Real Estate Invesment Trust194,000.00007,461,240.001.03
AMERICAN HOMES 4 RENT- AAMH02665T306REIT - Real Estate Invesment Trust302,853.00006,296,313.87.87
AMERISOURCEBERGEN CORPABC03073E105COMMON STOCK52,567.00005,239,352.89.73
ANADARKO PETROLEUM CORPAPC032511107COMMON STOCK80,402.00004,828,140.10.67
ANALOG DEVICES INCADI032654105COMMON STOCK44,333.00004,073,316.04.56
ANAPTYSBIO INCANAB032724106COMMON STOCK6,230.0000656,579.70.09
ANDEAVORANDV03349M105COMMON STOCK32,600.00003,526,016.00.49
ARRAY BIOPHARMA INCARRY04269X105COMMON STOCK209,969.00003,111,740.58.43
ASURE SOFTWARE INCASUR04649U102COMMON STOCK75,044.00001,140,668.80.16
AUDENTES THERAPEUTICS INCBOLD05070R104COMMON STOCK20,039.0000703,368.90.10
AXOGEN INCAXGN05463X106COMMON STOCK90,071.00002,503,973.80.35
B&G FOODS INCBGS05508R106COMMON STOCK26,008.0000858,264.00.12
BANC OF CALIFORNIA INCBANC05990K106COMMON STOCK28,048.0000552,545.60.08
BANKUNITED INCBKU06652K103COMMON STOCK60,836.00002,496,709.44.35
BLACK HILLS CORPBKH092113109COMMON STOCK16,409.0000911,519.95.13
BLACKHAWK NETWORK HOLDINGS I09238E104COMMON STOCK40,417.00001,836,952.65.25
BLACKSTONE MORTGAGE TRU-CL ABXMT09257W100REIT - Real Estate Invesment Trust74,295.00002,303,145.00.32
BLUEPRINT MEDICINES CORPBPMC09627Y109COMMON STOCK22,663.00001,782,444.95.25
BLUEGREEN VACATIONS CORPBXG09629F108COMMON STOCK39,809.0000755,972.91.10
BOINGO WIRELESS INCWIFI09739C102COMMON STOCK52,027.00001,261,654.75.17
BOOT BARN HOLDINGS INCBOOT099406100COMMON STOCK33,599.0000588,990.47.08
BRUNSWICK CORPBC117043109COMMON STOCK49,860.00003,130,210.80.43
BUFFALO WILD WINGS INCBWLD119848109COMMON STOCK3,386.0000531,602.00.07
CMS ENERGY CORPCMS125896100COMMON STOCK86,800.00003,884,300.00.54
CSRA INCCSRA12650T104COMMON STOCK67,198.00002,236,349.44.31
CABOT OIL & GAS CORPCOG127097103COMMON STOCK165,600.00004,363,560.00.60
CACI INTERNATIONAL INC -CL ACACI127190304COMMON STOCK8,666.00001,218,006.30.17
CALAMP CORPCAMP128126109COMMON STOCK26,283.0000643,407.84.09
CALAVO GROWERS INCCVGW128246105COMMON STOCK14,430.00001,255,410.00.17
CALLAWAY GOLF COMPANYELY131193104COMMON STOCK152,332.00002,249,943.64.31
CALLON PETROLEUM COCPE13123X102COMMON STOCK92,251.00001,047,048.85.14
CAREER EDUCATION CORPCECO141665109COMMON STOCK57,642.0000714,760.80.10
CARRIZO OIL & GAS INCCRZO144577103COMMON STOCK63,375.00001,274,471.25.18
CASELLA WASTE SYSTEMS INC-ACWST147448104COMMON STOCK35,072.0000897,141.76.12
CATALYST PHARMACEUTICALS INCCPRX14888U101COMMON STOCK164,685.0000558,282.15.08
CENTURY CASINOS INCCNTY156492100COMMON STOCK111,892.00001,023,811.80.14
CHARLES RIVER LABORATORIESCRL159864107COMMON STOCK16,245.00001,712,872.80.24
CHEFS' WAREHOUSE INC/THECHEF163086101COMMON STOCK46,344.0000943,100.40.13
CHEGG INCCHGG163092109COMMON STOCK86,240.00001,493,676.80.21
CHEMICAL FINANCIAL CORPCHFC163731102COMMON STOCK31,606.00001,846,106.46.26
CINEMARK HOLDINGS INCCNK17243V102COMMON STOCK39,700.00001,460,960.00.20
CITI TRENDS INCCTRN17306X102COMMON STOCK23,261.0000546,866.11.08
CLEAN HARBORS INCCLH184496107COMMON STOCK23,435.00001,296,892.90.18
COGENT COMMUNICATIONS HOLDINCCOI19239V302COMMON STOCK19,482.0000878,638.20.12
COLUMBIA PROPERTY TRUST INC198287203REIT - Real Estate Invesment Trust73,874.00001,617,101.86.22
COLUMBUS MCKINNON CORP/NYCMCO199333105COMMON STOCK21,501.0000880,465.95.12
CONAGRA BRANDS INCCAG205887102COMMON STOCK72,647.00002,760,586.00.38
CONN'S INCCONN208242107COMMON STOCK33,540.00001,116,882.00.15
CONTROL4 CORPCTRL21240D107COMMON STOCK18,917.0000512,839.87.07
COOPER COS INC/THECOO216648402COMMON STOCK7,150.00001,749,390.50.24
CORPORATE OFFICE PROPERTIESOFC22002T108REIT - Real Estate Invesment Trust55,058.00001,503,083.40.21
COUSINS PROPERTIES INCCUZ222795106REIT - Real Estate Invesment Trust454,385.00004,089,465.00.57
COVENANT TRANSPORTATION GROUP INCCVTI22284P105COMMON STOCK9,807.0000287,639.31.04
CRANE COCR224399105COMMON STOCK31,360.00003,134,118.40.43
CROCS INCCROX227046109COMMON STOCK124,385.00001,680,441.35.23
CYPRESS SEMICONDUCTOR CORPCY232806109COMMON STOCK274,000.00004,737,460.00.66
DARLING INGREDIENTS INCDAR237266101COMMON STOCK82,538.00001,530,254.52.21
DEL FRISCO'S RESTAURANT GROUDFRG245077102COMMON STOCK40,653.0000711,427.50.10
DIEBOLD NIXDORF INCDBD253651103COMMON STOCK56,103.00001,035,100.35.14
DR PEPPER SNAPPLE GROUP INCDPS26138E109COMMON STOCK38,786.00004,629,109.10.64
EAGLE BANCORP INCEGBN268948106COMMON STOCK24,215.00001,525,545.00.21
EDUCATION REALTY TRUST INC28140H203REIT - Real Estate Invesment Trust37,427.00001,236,213.81.17
ELDORADO RESORTS INCERI28470R102COMMON STOCK53,888.00001,861,830.40.26
EMCOR GROUP INCEME29084Q100COMMON STOCK19,195.00001,560,169.60.22
ENCOMPASS HEALTH CORPEHC29261A100COMMON STOCK41,572.00002,199,990.24.30
ENERGY RECOVERY INCERII29270J100COMMON STOCK50,721.0000392,073.33.05
ENERGIZER HOLDINGS INCENR29272W109COMMON STOCK104,634.00006,091,791.48.84
ENPRO INDUSTRIES INCNPO29355X107COMMON STOCK21,540.00001,895,304.60.26
ENVISION HEALTHCARE CORPEVHC29414D100COMMON STOCK55,295.00001,990,067.05.28
EVERBRIDGE INCEVBG29978A104COMMON STOCK73,116.00002,360,184.48.33
EVERI HOLDINGS INCEVRI30034T103COMMON STOCK121,026.0000936,741.24.13
EXPRESS INCEXPR30219E103COMMON STOCK25,019.0000174,632.62.02
FNB CORPFNB302520101COMMON STOCK189,348.00002,717,143.80.38
FEDERATED INVESTORS INC-CL BFII314211103COMMON STOCK17,407.0000603,674.76.08
FERRO CORPFOE315405100COMMON STOCK39,012.0000917,562.24.13
FIRST HORIZON NATIONAL CORPFHN320517105COMMON STOCK105,000.00002,085,300.00.29
FIRST REPUBLIC BANK/CAFRC33616C100COMMON STOCK106,602.00009,546,209.101.32
FIRSTENERGY CORPFE337932107COMMON STOCK193,238.00006,357,530.20.88
FIVE9 INCFIVN338307101COMMON STOCK46,471.00001,208,710.71.17
FORESCOUT TECHNOLOGIES INCFSCT34553D101COMMON STOCK34,676.00001,054,843.92.15
FOUNDATION BUILDING MATERIALFBM350392106COMMON STOCK82,890.00001,229,258.70.17
FRESHPET INCFRPT358039105COMMON STOCK86,316.00001,588,214.40.22
H.B. FULLER CO.FUL359694106COMMON STOCK22,917.00001,188,246.45.16
G-III APPAREL GROUP LTDGIII36237H101COMMON STOCK30,004.00001,120,649.40.16
GTT COMMUNICATIONS INCGTT362393100COMMON STOCK53,879.00002,486,515.85.34
GMS INCGMS36251C103COMMON STOCK19,877.0000681,383.56.09
GENERAC HOLDINGS INCGNRC368736104COMMON STOCK19,922.0000974,783.46.13
GLOBAL BLOOD THERAPEUTICS INGBT37890U108COMMON STOCK38,061.00002,203,731.90.31
GLYCOMIMETICS INCGLYC38000Q102COMMON STOCK38,877.0000874,343.73.12
GOLDEN ENTERTAINMENT INCGDEN381013101COMMON STOCK37,235.00001,166,200.20.16
WR GRACE & COGRA38388F108COMMON STOCK22,738.00001,678,519.16.23
GREAT PLAINS ENERGY INCGXP391164100COMMON STOCK195,019.00006,068,991.28.84
H&E EQUIPMENT SERVICES INCHEES404030108COMMON STOCK15,945.0000627,914.10.09
HAIN CELESTIAL GROUP INCHAIN405217100COMMON STOCK45,175.00001,722,974.50.24
HANCOCK HOLDING COHBHC410120109COMMON STOCK1,424.000076,468.80.01
HANOVER INSURANCE GROUP INC/THG410867105COMMON STOCK19,079.00002,158,788.85.30
HARRIS CORPHRS413875105COMMON STOCK9,250.00001,474,265.00.20
HARTFORD FINANCIAL SVCS GRPHIG416515104COMMON STOCK97,465.00005,727,043.40.79
HAWAIIAN ELECTRIC INDSHE419870100COMMON STOCK27,812.0000948,667.32.13
HERCULES CAPITAL INCHTGC427096508COMMON STOCK126,999.00001,610,347.32.22
HEWLETT PACKARD ENTERPRISHPE42824C109COMMON STOCK239,714.00003,931,309.60.54
HEXCEL CORPHXL428291108COMMON STOCK25,633.00001,752,015.55.24
HIBBETT SPORTS INCHIBB428567101COMMON STOCK43,459.0000982,173.40.14
HORACE MANN EDUCATORSHMN440327104COMMON STOCK14,352.0000592,737.60.08
HORMEL FOODS CORPHRL440452100COMMON STOCK100,770.00003,459,434.10.48
HORIZON GLOBAL CORPHZN44052W104COMMON STOCK91,704.0000774,898.80.11
HOSTESS BRANDS INCTWNK44109J106COMMON STOCK113,099.00001,560,766.20.22
HUBBELL INCHUBB443510607COMMON STOCK28,300.00003,847,385.00.53
HUMANA INCHUM444859102COMMON STOCK27,200.00007,665,776.001.06
HURON CONSULTING GROUP INCHURN447462102COMMON STOCK33,953.00001,363,212.95.19
IRHYTHM TECHNOLOGIES INCIRTC450056106COMMON STOCK31,646.00001,887,050.98.26
ITT INCITT45073V108COMMON STOCK33,510.00001,876,560.00.26
IBERIABANK CORPIBKC450828108COMMON STOCK29,773.00002,515,818.50.35
IDACORP INCIDA451107106COMMON STOCK13,581.00001,171,768.68.16
INFINITY PROPERTY & CASUALTYIPCC45665Q103COMMON STOCK6,817.0000690,221.25.10
INGEVITY CORPNGVT45688C107COMMON STOCK13,573.0000984,721.15.14
INOGEN INCINGN45780L104COMMON STOCK16,037.00001,953,948.08.27
INTERNAP CORP45885A409COMMON STOCK49,737.0000832,100.01.12
INTERPUBLIC GROUP OF COS INCIPG460690100COMMON STOCK276,489.00006,052,344.21.84
INTERSECT ENT INCXENT46071F103COMMON STOCK37,842.00001,413,398.70.20
ISHARES S&P MID-CAP ETFIJH464287507POOLED INVESTMENTS461,219.000089,956,153.7612.45
ISHARES CORE S&P SMALL-CAP EIJR464287804POOLED INVESTMENTS882,978.000069,525,687.729.62
KMG CHEMICALS INCKMG482564101COMMON STOCK18,403.00001,117,982.25.15
KADANT INCKAI48282T104COMMON STOCK8,461.0000848,215.25.12
KINSALE CAPITAL GROUP INCKNSL49714P108COMMON STOCK17,149.0000818,350.28.11
KORN/FERRY INTERNATIONALKFY500643200COMMON STOCK47,625.00002,122,170.00.29
KRATOS DEFENSE & SECURITYKTOS50077B207COMMON STOCK63,779.0000727,718.39.10
LEXINGTON REALTY TRUST REITLXP529043101REIT - Real Estate Invesment Trust91,794.0000827,981.88.11
LIBERTY OILFIELD SERVICES -ALBRT53115L104COMMON STOCK57,640.00001,276,149.60.18
LIVE OAK BANCSHARES INCLOB53803X105COMMON STOCK73,781.00001,984,708.90.27
LOXO ONCOLOGY INCLOXO548862101COMMON STOCK31,612.00003,207,669.64.44
LUMBER LIQUIDATORS HOLDINGSLL55003T107COMMON STOCK16,804.0000469,503.76.06
WILLIAM LYON HOMES-CL AWLH552074700COMMON STOCK33,363.0000905,805.45.13
MB FINANCIAL INCMBFI55264U108COMMON STOCK211,686.00009,055,927.081.25
MCBC HOLDINGS INCMCFT55276F107COMMON STOCK47,139.00001,139,349.63.16
MGP INGREDIENTS INCMGPI55303J106COMMON STOCK21,880.00001,959,135.20.27
MACOM TECHNOLOGY SOLUTIONSMTSI55405Y100COMMON STOCK73,042.00002,271,606.20.31
MACQUARIE INFRASTRUCTURE CORMIC55608B105COMMON STOCK108,000.00007,165,800.00.99
STEVEN MADDEN LTDSHOO556269108COMMON STOCK27,294.00001,260,982.80.17
MALIBU BOATS INC - AMBUU56117J100COMMON STOCK54,620.00001,816,661.20.25
MARTIN MARIETTA MATERIALSMLM573284106COMMON STOCK34,300.00007,826,231.001.08
MATTHEWS INTL CORP-CLASS AMATW577128101COMMON STOCK18,687.00001,046,472.00.14
MEDICAL PROPERTIES TRUST INCMPW58463J304REIT - Real Estate Invesment Trust382,527.00005,003,453.16.69
MEDIFAST INCMED58470H101COMMON STOCK7,459.0000512,507.89.07
MERCURY SYSTEMS INCMRCY589378108COMMON STOCK24,961.00001,198,627.22.17
META FINANCIAL GROUP INCCASH59100U108COMMON STOCK13,251.00001,550,367.00.21
MICHAELS COS INC/THEMIK59408Q106COMMON STOCK39,341.00001,057,092.67.15
MILACRON HOLDINGS CORPMCRN59870L106COMMON STOCK83,404.00001,582,173.88.22
MODINE MANUFACTURING COMOD607828100COMMON STOCK71,028.00001,658,503.80.23
MONARCH CASINO & RESORT INCMCRI609027107COMMON STOCK9,858.0000449,130.48.06
MOTOROLA SOLUTIONS INCMSI620076307COMMON STOCK81,108.00008,067,001.681.12
MOVADO GROUP INCMOV624580106COMMON STOCK21,846.0000668,487.60.09
MURPHY USA INCMUSA626755102COMMON STOCK40,766.00003,477,747.46.48
MYOKARDIA INCMYOK62857M105COMMON STOCK25,896.00001,336,233.60.18
NCI BUILDING SYSTEMS INCNCS628852204COMMON STOCK52,002.0000959,436.90.13
NMI HOLDINGS INC-CLASS ANMIH629209305COMMON STOCK76,449.00001,402,839.15.19
NV5 GLOBAL INCNVEE62945V109COMMON STOCK11,323.0000551,996.25.08
NATERA INCNTRA632307104COMMON STOCK82,359.0000857,357.19.12
NATIONAL GENERAL HLDGSNGHC636220303COMMON STOCK94,292.00001,887,725.84.26
NATIONAL RETAIL PROPERTIESNNN637417106REIT - Real Estate Invesment Trust109,359.00004,339,365.12.60
NEXSTAR MEDIA GROUP INC-CL ANXST65336K103COMMON STOCK29,809.00002,238,655.90.31
NOBLE ENERGY INCNBL655044105COMMON STOCK200,119.00006,107,631.88.85
OLIN CORPOLN680665205COMMON STOCK26,902.00001,002,906.56.14
OPTINOSE INCOPTN68404V100COMMON STOCK34,929.0000661,904.55.09
ORTHOPEDIATRICS CORPKIDS68752L100COMMON STOCK61,523.00001,045,891.00.14
OVID THERAPEUTICS INCOVID690469101COMMON STOCK42,169.0000358,436.50.05
OWENS-ILLINOIS INCOI690768403COMMON STOCK13,881.0000322,316.82.04
OXFORD INDUSTRIES INCOXM691497309COMMON STOCK13,670.00001,077,196.00.15
PGT INNOVATIONS INCPGTI69336V101COMMON STOCK57,802.0000921,941.90.13
PPL CORPPPL69351T106COMMON STOCK181,280.00005,777,393.60.80
PATRICK INDUSTRIES INCPATK703343103COMMON STOCK24,800.00001,588,440.00.22
PATTERSON COS INCPDCO703395103COMMON STOCK42,279.00001,517,393.31.21
PERFORMANCE FOOD GROUP COPFGC71377A103COMMON STOCK30,775.00001,057,121.25.15
PINNACLE FINANCIAL PARTNERSPNFP72346Q104COMMON STOCK102,500.00006,488,250.00.90
PINNACLE FOODS INCPF72348P104COMMON STOCK56,967.00003,528,535.98.49
PLAYAGS INCAGS72814N104COMMON STOCK53,144.00001,040,028.08.14
PORTLAND GENERAL ELECTRIC COPOR736508847COMMON STOCK45,796.00001,939,460.60.27
PREFERRED BANK/LOS ANGELESPFBC740367404COMMON STOCK22,840.00001,471,352.80.20
PRESTIGE BRANDS HOLDINGS INCPBH74112D101COMMON STOCK22,829.0000954,937.07.13
PROGRESSIVE CORPPGR743315103COMMON STOCK79,800.00004,317,180.00.60
PROPETRO HOLDING CORPPUMP74347M108COMMON STOCK39,542.0000738,644.56.10
Q2 HOLDINGS INCQTWO74736L109COMMON STOCK19,279.0000816,465.65.11
QUINSTREET INCQNST74874Q100COMMON STOCK74,892.0000698,742.36.10
RPM INTERNATIONAL INCRPM749685103COMMON STOCK47,200.00002,463,840.00.34
REGAL BELOIT CORPRBC758750103COMMON STOCK21,635.00001,685,366.50.23
REPUBLIC SERVICES INCRSG760759100COMMON STOCK55,275.00003,802,920.00.53
RETAIL OPPORTUNITY INVESTMENROIC76131N101REIT - Real Estate Invesment Trust288,900.00005,307,093.00.73
RING ENERGY INCREI76680V108COMMON STOCK78,798.00001,087,412.40.15
SRC ENERGY INCSRCI78470V108COMMON STOCK131,510.00001,308,524.50.18
SAIA INCSAIA78709Y105COMMON STOCK11,121.0000840,191.55.12
SCHNITZER STEEL INDS INC-ASCHN806882106COMMON STOCK24,660.0000843,372.00.12
SCHNEIDER NATIONAL INC-CL BSNDR80689H102COMMON STOCK119,575.00003,501,156.00.48
SEALED AIR CORPSEE81211K100COMMON STOCK68,812.00003,258,248.20.45
SELECT ENERGY SERVICES INC-AWTTR81617J301COMMON STOCK39,421.0000706,424.32.10
SEMTECH CORPSMTC816850101COMMON STOCK23,176.0000829,700.80.11
SIENTRA INCSIEN82621J105COMMON STOCK48,213.0000607,965.93.08
SILGAN HOLDINGS INCSLGN827048109COMMON STOCK35,410.00001,058,404.90.15
SITEONE LANDSCAPE SUPPLY INCSITE82982L103COMMON STOCK10,422.0000793,739.52.11
SKYLINE CORPSKY830830105COMMON STOCK26,861.0000593,359.49.08
SNYDERS-LANCE INCLNCE833551104COMMON STOCK17,355.0000867,402.90.12
SOLAREDGE TECHNOLOGIES INCSEDG83417M104COMMON STOCK20,868.0000749,161.20.10
SOLARIS OILFIELD INFRAST-ASOI83418M103COMMON STOCK72,911.00001,375,830.57.19
SONOCO PRODUCTS COSON835495102COMMON STOCK18,697.00001,015,434.07.14
SPARTAN MOTORS INCSPAR846819100COMMON STOCK48,037.0000643,695.80.09
STANDEX INTERNATIONAL CORPSXI854231107COMMON STOCK17,333.00001,819,098.35.25
STERLING BANCORP/DE85917A100COMMON STOCK120,872.00002,991,582.00.41
STERLING BANCORP INC/MISBT85917W102COMMON STOCK71,390.0000905,939.10.13
STERLING CONSTRUCTION COSTRL859241101COMMON STOCK62,837.0000876,576.15.12
STONERIDGE INCSRI86183P102COMMON STOCK50,966.00001,240,512.44.17
SYNCHRONY FINANCIALSYF87165B103COMMON STOCK84,808.00003,365,181.44.47
TCF FINANCIAL CORPTCF872275102COMMON STOCK73,795.00001,582,902.75.22
TACTILE SYSTEMS TECHNOLOGY ITCMD87357P100COMMON STOCK87,680.00002,764,550.40.38
TAILORED BRANDS INCTLRD87403A107COMMON STOCK25,872.0000625,843.68.09
TEAM INCTISI878155100COMMON STOCK107,940.00001,834,980.00.25
TELADOC INCTDOC87918A105COMMON STOCK22,840.0000854,216.00.12
TENNECO INCTEN880349105COMMON STOCK17,514.00001,015,987.14.14
TETRA TECH INCTTEK88162G103COMMON STOCK14,525.0000721,892.50.10
TREEHOUSE FOODS INCTHS89469A104COMMON STOCK29,969.00001,413,338.04.20
TRIMAS CORPTRS896215209COMMON STOCK55,718.00001,482,098.80.21
TRISTATE CAPITAL HLDGS INCTSC89678F100COMMON STOCK27,024.0000649,927.20.09
TRIUMPH BANCORP INCTBK89679E300COMMON STOCK31,326.00001,206,051.00.17
TRIUMPH GROUP INCTGI896818101COMMON STOCK27,092.0000789,731.80.11
USA TECHNOLOGIES INCUSAT90328S500COMMON STOCK34,306.0000289,885.70.04
UNIVEST CORP OF PENNSYLVANIAUVSP915271100COMMON STOCK60,989.00001,707,692.00.24
UPLAND SOFTWARE INCUPLD91544A109COMMON STOCK36,705.0000848,986.65.12
VALVOLINE INCVVV92047W101COMMON STOCK132,860.00003,274,999.00.45
VARONIS SYSTEMS INCVRNS922280102COMMON STOCK31,704.00001,721,527.20.24
VIAVI SOLUTIONS INCVIAV925550105COMMON STOCK167,912.00001,440,684.96.20
VIRTUSA CORPVRTU92827P102COMMON STOCK34,260.00001,528,681.20.21
VISTA OUTDOOR INCVSTO928377100COMMON STOCK23,424.0000354,873.60.05
VOCERA COMMUNICATIONS INCVCRA92857F107COMMON STOCK17,592.0000515,445.60.07
WEYERHAEUSER COWY962166104REIT - Real Estate Invesment Trust82,912.00003,112,516.48.43
WILLIAMS COS INCWMB969457100COMMON STOCK180,603.00005,669,128.17.78
WINNEBAGO INDUSTRIESWGO974637100COMMON STOCK39,399.00001,790,684.55.25
WORLD FUEL SERVICES CORPINT981475106COMMON STOCK24,962.0000696,190.18.10
XCEL ENERGY INCXEL98389B100COMMON STOCK86,000.00003,925,040.00.54
XILINX INCXLNX983919101COMMON STOCK56,900.00004,154,838.00.58
XYLEM INCXYL98419M100COMMON STOCK36,300.00002,623,038.00.36
ZIMMER BIOMET HOLDINGS INCZBH98956P102COMMON STOCK63,591.00008,083,687.921.12

As of 01/31/2018.

Distributions

Fund NameFund CusipDistribution TypeAmount per ShareEx DateReinvest DateReinvest Price
Destinations Small-Mid Cap Equity Fund10964R202Dividend0.04301312/15/201712/15/2017$11.02
Destinations Small-Mid Cap Equity Fund10964R202Short-Term Capital Gains0.05987212/15/201712/15/2017$11.02

Fees and expenses

Type Amount
Management Fees 0.90%
Distribution and Service (12b-1) Fees None
Other Expenses 0.21%
Acquired Fund Fees and Expenses (AFFE) 0.02%
Total Annual Fund Operating Expenses 1.13%
Fee Waivers and Expense Reimbursements -0.15%
Total Annual Fund Operating Expenses Less Fee Waivers and Expense Reimbursements 0.98%*

*Effective March 20, 2017, 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, 2018. The agreement may be amended or terminated only with the consent of the Board of Trustees.

Individual Investor Contact Information
1-877-771-7979
Monday – Friday 8:30 am – 5:00 pm EST

 

Or write to the Funds at:
Brinker Capital Destinations Funds
P.O. Box 2175
Milwaukee, WI 53201

 

Overnight/Certified Mail:
Brinker Capital Destinations Funds
235 W. Galena Street
Milwaukee, WI 53212
Investment Adviser
Brinker Capital, Inc.
1055 Westlakes Drive, Suite 250
Berwyn, PA 19312
www.brinkercapital.com

 

Distributor
Foreside Fund Services, LLC
Three Canal Plaza, Suite 100
Portland, ME 04101
www.foreside.com

 

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.

Copyright © 2017 Brinker Capital Destinations Trust. All rights reserved.

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