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 3/31/18
Annualized
MTD QTD YTD 1 Year 3 Years 5 Years Since
Inception
Destinations Small-Mid Cap Equity Fund
1.00%
-0.36%
-0.36%
10.17%
N/A
N/A
11.47%
Russell 2500 Index
0.96%
-0.24%
-0.24%
12.31%
N/A
N/A
11.38%

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 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: 06/15/2018

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 3/31/18
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
1.00%
-0.36%
-0.36%
10.17%
N/A
N/A
11.47%
3/20/2017
1.13%
0.98%
Russell 2500 Index
0.96%
-0.24%
-0.24%
12.31%
N/A
N/A
11.38%

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 DOLLARSCASHUSDCURRENCY23,334,268.060023,334,268.063.08
VALIDUS HOLDINGS LTDVRB23HRW2COMMON STOCK27,259.00001,847,069.84.24
BANK OF N.T. BUTTERFIELD&SONNTBBD8FF02COMMON STOCK45,671.00002,180,790.25.29
EVEREST RE GROUP LTDREG3223R108COMMON STOCK15,900.00003,582,111.00.47
CLEMENTIA PHARMACEUTICALS INCMTA185575107COMMON STOCK61,318.0000868,876.06.11
MASONITE INTERNATIONAL CORPDOOR575385109COMMON STOCK14,294.0000944,833.40.12
SMART GLOBAL HOLDINGS INCSGHBYPBTG4COMMON STOCK28,985.00001,290,702.05.17
TALEND SA - ADRTLND874224207COMMON STOCK33,788.00001,918,482.64.25
INGERSOLL-RAND PLCIRB633030COMMON STOCK48,900.00004,280,706.00.57
WILLIS TOWERS WATSON PLCWLTWBDB6Q21COMMON STOCK28,800.00004,353,120.00.58
PERRIGO COMPANY PLCPRGOG97822103COMMON STOCK99,600.00007,286,736.00.96
RADCOM LTDRDCM2117124COMMON STOCK41,101.0000782,974.05.10
NOVA MEASURING INSTRUMENTSNVMI2577740COMMON STOCK21,695.0000632,626.20.08
FOAMIX PHARMACEUTICALS LTDFOMXBQRB1Q0COMMON STOCK89,045.0000466,595.80.06
KORNIT DIGITAL LTDKRNTBWFRFD7COMMON STOCK56,541.0000969,678.15.13
SODASTREAM INTERNATIONAL LTDSODAM9068E105COMMON STOCK8,546.0000711,539.96.09
MIMECAST LTDMIMEBYT5JK6COMMON STOCK76,040.00003,389,102.80.45
ARGENX SE - ADRARGX04016X101COMMON STOCK15,773.00001,506,321.50.20
ACLARIS THERAPEUTICS INCACRS00461U105COMMON STOCK29,019.0000524,373.33.07
ACTUANT CORP-AATU00508X203COMMON STOCK39,935.0000932,482.25.12
ADAMAS PHARMACEUTICALS INCADMS00548A106COMMON STOCK25,526.0000731,064.64.10
ADESTO TECHNOLOGIES CORPIOTS00687D101COMMON STOCK94,854.0000863,171.40.11
ADVERUM BIOTECHNOLOGIES INC00773U108COMMON STOCK188,968.00001,181,050.00.16
AFFILIATED MANAGERS GROUPAMG008252108COMMON STOCK28,500.00004,538,910.00.60
AIR PRODUCTS & CHEMICALS INCAPD009158106COMMON STOCK20,800.00003,357,328.00.44
ALASKA AIR GROUP INCALK011659109COMMON STOCK75,200.00004,572,912.00.60
ALLEGHENY TECHNOLOGIES INCATI01741R102COMMON STOCK61,411.00001,751,441.72.23
ALTAIR ENGINEERING INC - AALTR021369103COMMON STOCK92,872.00003,268,165.68.43
ALTERYX INC - CLASS AAYX02156B103COMMON STOCK33,245.00001,130,994.90.15
ALTRA INDUSTRIAL MOTION CORPAIMC02208R106COMMON STOCK21,341.0000882,450.35.12
AMERICAN CAMPUS COMMUNITIESACC024835100REIT - Real Estate Invesment Trust143,400.00005,750,340.00.76
AMERICAN HOMES 4 RENT- AAMH02665T306REIT - Real Estate Invesment Trust347,100.00006,914,232.00.91
AMERISOURCEBERGEN CORPABC03073E105COMMON STOCK94,600.00007,770,444.001.03
ANADARKO PETROLEUM CORPAPC032511107COMMON STOCK61,100.00004,264,780.00.56
ANALOG DEVICES INCADI032654105COMMON STOCK46,700.00004,538,306.00.60
ANDEAVORANDV03349M105COMMON STOCK29,800.00004,304,014.00.57
ARENA PHARMACEUTICALS INCARNA040047607COMMON STOCK32,761.00001,497,832.92.20
ARRAY BIOPHARMA INCARRY04269X105COMMON STOCK213,565.00003,491,787.75.46
ASURE SOFTWARE INCASUR04649U102COMMON STOCK61,053.00001,070,259.09.14
ATARA BIOTHERAPEUTICS INCATRA046513107COMMON STOCK30,211.00001,504,507.80.20
AXOGEN INCAXGN05463X106COMMON STOCK39,439.00001,936,454.90.26
AXON ENTERPRISE INCAAXN05464C101COMMON STOCK39,009.00002,484,093.12.33
B&G FOODS INCBGS05508R106COMMON STOCK34,909.0000982,688.35.13
BAKER HUGHES A GE CO05722G100COMMON STOCK42,700.00001,476,993.00.20
BANDWIDTH INC-CLASS ABAND05988J103COMMON STOCK37,705.00001,406,773.55.19
BANC OF CALIFORNIA INCBANC05990K106COMMON STOCK53,065.00001,029,461.00.14
BANKUNITED INCBKU06652K103COMMON STOCK61,261.00002,583,376.37.34
BJ'S RESTAURANTS INCBJRI09180C106COMMON STOCK21,277.00001,191,512.00.16
BLACK HILLS CORPBKH092113109COMMON STOCK16,524.0000961,035.84.13
BLACKHAWK NETWORK HOLDINGS I09238E104COMMON STOCK8,466.0000380,970.00.05
BLACKSTONE MORTGAGE TRU-CL ABXMT09257W100REIT - Real Estate Invesment Trust74,814.00002,363,374.26.31
BLUEPRINT MEDICINES CORPBPMC09627Y109COMMON STOCK20,294.00001,706,319.52.23
BOOT BARN HOLDINGS INCBOOT099406100COMMON STOCK76,168.00001,803,658.24.24
BRUNSWICK CORPBC117043109COMMON STOCK44,700.00002,842,920.00.38
CMS ENERGY CORPCMS125896100COMMON STOCK94,300.00004,350,059.00.57
CTI BIOPHARMA CORPCTIC12648L601COMMON STOCK87,315.0000375,454.50.05
CABOT OIL & GAS CORPCOG127097103COMMON STOCK193,500.00004,421,475.00.58
CACI INTERNATIONAL INC -CL ACACI127190304COMMON STOCK8,727.00001,454,354.55.19
CACTUS INC - AWHD127203107COMMON STOCK25,277.0000852,340.44.11
CALAVO GROWERS INCCVGW128246105COMMON STOCK14,677.00001,291,576.00.17
CALLAWAY GOLF COMPANYELY131193104COMMON STOCK163,518.00003,097,030.92.41
CALLON PETROLEUM COCPE13123X102COMMON STOCK96,847.00001,146,668.48.15
CARBON BLACK INCCBLK14081R103COMMON STOCK29,081.0000683,694.31.09
CARDLYTICS INCCDLX14161W105COMMON STOCK31,556.0000644,373.52.09
CAREER EDUCATION CORPCECO141665109COMMON STOCK58,630.0000902,315.70.12
CARRIZO OIL & GAS INCCRZO144577103COMMON STOCK63,818.00001,612,042.68.21
CENTURY CASINOS INCCNTY156492100COMMON STOCK113,808.0000966,229.92.13
CERUS CORPCERS157085101COMMON STOCK197,312.00001,300,286.08.17
CHARLES RIVER LABORATORIESCRL159864107COMMON STOCK16,358.00001,758,812.16.23
CHEFS' WAREHOUSE INC/THECHEF163086101COMMON STOCK47,147.00001,282,398.40.17
CHEGG INCCHGG163092109COMMON STOCK49,185.00001,375,704.45.18
CHEMICAL FINANCIAL CORPCHFC163731102COMMON STOCK31,826.00001,786,075.12.24
CINEMARK HOLDINGS INCCNK17243V102COMMON STOCK96,800.00003,268,936.00.43
CITI TRENDS INCCTRN17306X102COMMON STOCK23,659.0000710,006.59.09
CLEAN HARBORS INCCLH184496107COMMON STOCK23,599.00001,250,747.00.17
CODEXIS INCCDXS192005106COMMON STOCK104,381.00001,565,715.00.21
COGENT COMMUNICATIONS HOLDINCCOI19239V302COMMON STOCK19,618.00001,004,441.60.13
COLUMBIA PROPERTY TRUST INC198287203REIT - Real Estate Invesment Trust74,390.00001,645,506.80.22
COLUMBUS MCKINNON CORP/NYCMCO199333105COMMON STOCK40,288.00001,669,131.84.22
CONDUENT INCCNDT206787103COMMON STOCK51,098.0000983,636.50.13
COOPER COS INC/THECOO216648402COMMON STOCK13,600.00003,077,816.00.41
CORPORATE OFFICE PROPERTIESOFC22002T108REIT - Real Estate Invesment Trust55,442.00001,546,831.80.20
CROCS INCCROX227046109COMMON STOCK107,540.00001,918,513.60.25
CROWN CASTLE INTL CORPCCI22822V101REIT - Real Estate Invesment Trust45,000.00004,686,750.00.62
CRYOLIFE INCCRY228903100COMMON STOCK23,642.0000651,337.10.09
CRYOPORT INCCYRX229050307COMMON STOCK36,477.0000473,836.23.06
CYPRESS SEMICONDUCTOR CORPCY232806109COMMON STOCK366,000.00006,024,360.00.80
CYRUSONE INC23283R100REIT - Real Estate Invesment Trust102,700.00005,687,526.00.75
DARLING INGREDIENTS INCDAR237266101COMMON STOCK83,115.00001,561,730.85.21
DEL FRISCO'S RESTAURANT GROUDFRG245077102COMMON STOCK43,896.0000581,622.00.08
DIEBOLD NIXDORF INCDBD253651103COMMON STOCK56,495.0000649,692.50.09
DOVER CORPDOV260003108COMMON STOCK57,000.00004,400,970.00.58
EAGLE BANCORP INCEGBN268948106COMMON STOCK24,385.00001,476,511.75.20
ECHO GLOBAL LOGISTICS INCECHO27875T101COMMON STOCK27,270.0000758,106.00.10
EDUCATION REALTY TRUST INC28140H203REIT - Real Estate Invesment Trust37,688.00001,377,119.52.18
ELDORADO RESORTS INCERI28470R102COMMON STOCK36,184.00001,635,516.80.22
EMCOR GROUP INCEME29084Q100COMMON STOCK14,851.00001,127,636.43.15
ENCOMPASS HEALTH CORPEHC29261A100COMMON STOCK34,287.00002,220,083.25.29
ENERGIZER HOLDINGS INCENR29272W109COMMON STOCK92,300.00005,606,302.00.74
ENPRO INDUSTRIES INCNPO29355X107COMMON STOCK21,690.00001,597,685.40.21
ENVISION HEALTHCARE CORPEVHC29414D100COMMON STOCK58,100.00002,491,328.00.33
EVERBRIDGE INCEVBG29978A104COMMON STOCK74,368.00003,426,133.76.45
EVERI HOLDINGS INCEVRI30034T103COMMON STOCK112,244.0000840,707.56.11
EXPRESS INCEXPR30219E103COMMON STOCK25,194.0000214,400.94.03
FNB CORPFNB302520101COMMON STOCK190,670.00002,526,377.50.33
FEDERATED INVESTORS INC-CL BFII314211103COMMON STOCK17,529.0000425,428.83.06
FIRST HORIZON NATIONAL CORPFHN320517105COMMON STOCK105,733.00001,960,289.82.26
FIRST REPUBLIC BANK/CAFRC33616C100COMMON STOCK84,600.00008,426,160.001.11
FIRSTENERGY CORPFE337932107COMMON STOCK156,600.00005,390,172.00.71
FIVE9 INCFIVN338307101COMMON STOCK59,458.00002,074,489.62.27
FRESHPET INCFRPT358039105COMMON STOCK74,625.00001,701,450.00.22
H.B. FULLER CO.FUL359694106COMMON STOCK23,077.00001,189,619.35.16
G1 THERAPEUTICS INCGTHX3621LQ109COMMON STOCK12,054.0000522,058.74.07
G-III APPAREL GROUP LTDGIII36237H101COMMON STOCK30,518.00001,278,704.20.17
GTT COMMUNICATIONS INCGTT362393100COMMON STOCK6,572.0000308,884.00.04
GENERAC HOLDINGS INCGNRC368736104COMMON STOCK28,903.00001,447,751.27.19
GENUINE PARTS COGPC372460105COMMON STOCK39,700.00003,604,363.00.48
GLOBAL BLOOD THERAPEUTICS INGBT37890U108COMMON STOCK34,834.00001,677,257.10.22
GOLDEN ENTERTAINMENT INCGDEN381013101COMMON STOCK47,738.00001,456,963.76.19
GOOSEHEAD INSURANCE INC -AGSHD38267D109COMMON STOCK63,647.00001,027,899.05.14
WR GRACE & COGRA38388F108COMMON STOCK24,071.00001,723,242.89.23
GREAT PLAINS ENERGY INCGXP391164100COMMON STOCK131,200.00004,452,928.00.59
HAIN CELESTIAL GROUP INCHAIN405217100COMMON STOCK45,491.00001,160,930.32.15
HANOVER INSURANCE GROUP INC/THG410867105COMMON STOCK19,212.00002,329,262.88.31
HARTFORD FINANCIAL SVCS GRPHIG416515104COMMON STOCK115,200.00006,028,416.00.80
HAWAIIAN ELECTRIC INDSHE419870100COMMON STOCK28,007.0000961,480.31.13
HERCULES CAPITAL INCHTGC427096508COMMON STOCK136,692.00001,693,613.88.22
HEWLETT PACKARD ENTERPRISHPE42824C109COMMON STOCK376,600.00005,739,384.00.76
HEXCEL CORPHXL428291108COMMON STOCK23,897.00001,692,624.51.22
HIBBETT SPORTS INCHIBB428567101COMMON STOCK28,874.0000763,717.30.10
HORIZON GLOBAL CORPHZN44052W104COMMON STOCK92,398.0000614,446.70.08
HOSTESS BRANDS INCTWNK44109J106COMMON STOCK113,889.00001,552,307.07.21
HUBBELL INCHUBB443510607COMMON STOCK56,200.00006,052,178.00.80
HUMANA INCHUM444859102COMMON STOCK39,900.000011,610,102.001.53
HURON CONSULTING GROUP INCHURN447462102COMMON STOCK34,190.00001,384,695.00.18
IRHYTHM TECHNOLOGIES INCIRTC450056106COMMON STOCK31,271.00002,377,534.13.31
ITT INCITT45073V108COMMON STOCK33,745.00001,741,916.90.23
IBERIABANK CORPIBKC450828108COMMON STOCK34,256.00002,737,054.40.36
IDACORP INCIDA451107106COMMON STOCK13,676.00001,263,115.36.17
INGEVITY CORPNGVT45688C107COMMON STOCK13,668.00001,040,681.52.14
INSPIRE MEDICAL SYSTEMS INC457730109COMMON STOCK32,328.0000969,840.00.13
INOGEN INCINGN45780L104COMMON STOCK18,547.00003,388,351.43.45
INSTRUCTURE INCINST45781U103COMMON STOCK37,050.00001,593,150.00.21
INTERPUBLIC GROUP OF COS INCIPG460690100COMMON STOCK244,589.00005,527,711.40.73
INTERSECT ENT INCXENT46071F103COMMON STOCK32,717.00001,395,380.05.18
INTRICON CORPIIN46121H109COMMON STOCK28,314.0000901,800.90.12
ISHARES S&P MID-CAP ETFIJH464287507POOLED INVESTMENTS410,225.000079,899,523.2510.56
ISHARES RUSSELL 2000 VALUE EIWN464287630POOLED INVESTMENTS13,011.00001,709,255.07.23
ISHARES CORE S&P SMALL-CAP EIJR464287804POOLED INVESTMENTS882,978.000073,145,897.529.66
KMG CHEMICALS INCKMG482564101COMMON STOCK18,239.00001,219,277.15.16
KADANT INCKAI48282T104COMMON STOCK11,226.00001,095,096.30.14
KELLOGG COK487836108COMMON STOCK63,800.00004,108,082.00.54
KELLY SERVICES INC -AKELYA488152208COMMON STOCK31,508.0000706,094.28.09
KINSALE CAPITAL GROUP INCKNSL49714P108COMMON STOCK17,442.0000923,728.32.12
KORN/FERRY INTERNATIONALKFY500643200COMMON STOCK37,092.00002,028,190.56.27
L3 TECHNOLOGIES INCLLL502413107COMMON STOCK20,250.00004,016,182.50.53
LEXINGTON REALTY TRUST REITLXP529043101REIT - Real Estate Invesment Trust92,435.0000797,714.05.11
LIVE OAK BANCSHARES INCLOB53803X105COMMON STOCK75,044.00002,217,550.20.29
LOXO ONCOLOGY INCLOXO548862101COMMON STOCK22,703.00004,025,922.99.53
MB FINANCIAL INCMBFI55264U108COMMON STOCK180,481.00008,913,956.591.18
MCBC HOLDINGS INCMCFT55276F107COMMON STOCK74,625.00002,200,691.25.29
MGP INGREDIENTS INCMGPI55303J106COMMON STOCK22,255.00001,970,680.25.26
MACOM TECHNOLOGY SOLUTIONSMTSI55405Y100COMMON STOCK151,615.00003,418,918.25.45
STEVEN MADDEN LTDSHOO556269108COMMON STOCK27,484.00001,452,529.40.19
MALIBU BOATS INC - AMBUU56117J100COMMON STOCK66,713.00002,860,653.44.38
MAMMOTH ENERGY SERVICES INCTUSK56155L108COMMON STOCK41,787.00001,577,877.12.21
MARTIN MARIETTA MATERIALSMLM573284106COMMON STOCK44,500.00009,917,715.001.31
MATTHEWS INTL CORP-CLASS AMATW577128101COMMON STOCK24,334.00001,338,370.00.18
MEDICAL PROPERTIES TRUST INCMPW58463J304REIT - Real Estate Invesment Trust402,000.00005,455,140.00.72
MEDIFAST INCMED58470H101COMMON STOCK16,335.00002,392,914.15.32
META FINANCIAL GROUP INCCASH59100U108COMMON STOCK16,184.00001,831,219.60.24
MICHAELS COS INC/THEMIK59408Q106COMMON STOCK39,616.0000727,349.76.10
MILACRON HOLDINGS CORPMCRN59870L106COMMON STOCK85,488.00001,684,968.48.22
MIRATI THERAPEUTICS INCMRTX60468T105COMMON STOCK40,282.00001,711,985.00.23
MONARCH CASINO & RESORT INCMCRI609027107COMMON STOCK10,027.0000446,602.58.06
MOTOROLA SOLUTIONS INCMSI620076307COMMON STOCK53,600.00005,753,424.00.76
MOVADO GROUP INCMOV624580106COMMON STOCK41,709.00002,047,911.90.27
MURPHY USA INCMUSA626755102COMMON STOCK25,789.00001,721,673.64.23
MYOKARDIA INCMYOK62857M105COMMON STOCK22,423.00001,067,334.80.14
NV5 GLOBAL INCNVEE62945V109COMMON STOCK20,154.00001,265,671.20.17
NATERA INCNTRA632307104COMMON STOCK104,754.00001,221,431.64.16
NATIONAL GENERAL HLDGSNGHC636220303COMMON STOCK99,526.00002,725,021.88.36
NEXSTAR MEDIA GROUP INC-CL ANXST65336K103COMMON STOCK30,017.00001,990,127.10.26
NLIGHT INCLASR65487K100COMMON STOCK54,232.00002,014,718.80.27
NOBLE ENERGY INCNBL655044105COMMON STOCK117,300.00004,187,610.00.55
NOODLES & CONDLS65540B105COMMON STOCK13,049.0000112,873.85.01
NUVECTRA CORPNVTR67075N108COMMON STOCK45,221.0000761,973.85.10
OLIN CORPOLN680665205COMMON STOCK46,361.00001,498,851.13.20
OPTINOSE INCOPTN68404V100COMMON STOCK35,527.0000819,607.89.11
ORTHOPEDIATRICS CORPKIDS68752L100COMMON STOCK62,577.00001,317,871.62.17
OVID THERAPEUTICS INCOVID690469101COMMON STOCK42,891.0000338,409.99.04
OWENS-ILLINOIS INCOI690768403COMMON STOCK50,668.0000942,424.80.12
OXFORD INDUSTRIES INCOXM691497309COMMON STOCK11,032.0000910,360.64.12
PGT INNOVATIONS INCPGTI69336V101COMMON STOCK52,432.00001,085,342.40.14
PPL CORPPPL69351T106COMMON STOCK193,900.00005,297,348.00.70
PATTERSON COS INCPDCO703395103COMMON STOCK42,575.0000890,669.00.12
PATTERSON-UTI ENERGY INCPTEN703481101COMMON STOCK124,300.00002,570,524.00.34
PENN VIRGINIA CORPPVAC70788V102COMMON STOCK7,543.0000520,165.28.07
PERFORMANCE FOOD GROUP COPFGC71377A103COMMON STOCK30,990.00001,107,892.50.15
PINNACLE FINANCIAL PARTNERSPNFP72346Q104COMMON STOCK117,000.00007,844,850.001.04
PINNACLE FOODS INCPF72348P104COMMON STOCK34,600.00002,212,324.00.29
PLAYAGS INCAGS72814N104COMMON STOCK56,977.00001,442,657.64.19
PORTLAND GENERAL ELECTRIC COPOR736508847COMMON STOCK46,116.00001,967,308.56.26
PREFERRED BANK/LOS ANGELESPFBC740367404COMMON STOCK23,231.00001,479,814.70.20
PRESTIGE BRANDS HOLDINGS INCPBH74112D101COMMON STOCK55,983.00001,871,511.69.25
PRIMO WATER CORPPRMW74165N105COMMON STOCK66,749.00001,133,398.02.15
PROGRESSIVE CORPPGR743315103COMMON STOCK71,500.00004,439,435.00.59
Q2 HOLDINGS INCQTWO74736L109COMMON STOCK19,609.00001,120,654.35.15
QUINSTREET INCQNST74874Q100COMMON STOCK110,572.00001,515,942.12.20
REGAL BELOIT CORPRBC758750103COMMON STOCK21,786.00001,730,897.70.23
RETAIL OPPORTUNITY INVESTMENROIC76131N101REIT - Real Estate Invesment Trust312,200.00005,657,064.00.75
RING ENERGY INCREI76680V108COMMON STOCK54,745.0000756,028.45.10
ROCKWELL AUTOMATION INCROK773903109COMMON STOCK15,800.00002,771,478.00.37
SPX FLOW INCFLOW78469X107COMMON STOCK15,384.0000670,280.88.09
SRC ENERGY INCSRCI78470V108COMMON STOCK132,429.00001,713,631.26.23
SAIA INCSAIA78709Y105COMMON STOCK13,787.00001,136,048.80.15
SCHNEIDER NATIONAL INC-CL BSNDR80689H102COMMON STOCK166,200.00004,899,576.00.65
SEALED AIR CORPSEE81211K100COMMON STOCK99,300.00004,325,508.00.57
SELECT ENERGY SERVICES INC-AWTTR81617J301COMMON STOCK39,696.0000566,461.92.07
SEMTECH CORPSMTC816850101COMMON STOCK23,338.00001,129,559.20.15
SEMPRA ENERGYSRE816851109COMMON STOCK51,800.00005,518,254.00.73
SIENTRA INCSIEN82621J105COMMON STOCK92,919.00001,678,117.14.22
SILGAN HOLDINGS INCSLGN827048109COMMON STOCK35,657.0000970,583.54.13
SITEONE LANDSCAPE SUPPLY INCSITE82982L103COMMON STOCK15,910.00001,203,591.50.16
SKYLINE CORPSKY830830105COMMON STOCK35,501.00001,126,801.74.15
SMARTSHEET INC-CLASS ASMAR83200N103COMMON STOCK39,928.0000995,005.76.13
SOLAREDGE TECHNOLOGIES INCSEDG83417M104COMMON STOCK26,148.00001,460,365.80.19
SOLARIS OILFIELD INFRAST-ASOI83418M103COMMON STOCK49,642.0000766,472.48.10
SONOCO PRODUCTS COSON835495102COMMON STOCK18,827.0000962,624.51.13
SPARTAN MOTORS INCSPAR846819100COMMON STOCK64,058.0000992,899.00.13
SPECTRUM BRANDS HOLDINGS INCSPB84763R101COMMON STOCK14,300.00001,139,567.00.15
STANDEX INTERNATIONAL CORPSXI854231107COMMON STOCK20,221.00002,017,044.75.27
STANLEY BLACK & DECKER INCSWK854502101COMMON STOCK34,100.00004,748,084.00.63
STERLING BANCORP/DE85917A100COMMON STOCK121,716.00002,988,127.80.39
STERLING BANCORP INC/MISBT85917W102COMMON STOCK72,613.0000988,989.06.13
STERLING CONSTRUCTION COSTRL859241101COMMON STOCK63,913.0000812,334.23.11
STONERIDGE INCSRI86183P102COMMON STOCK62,252.00001,962,805.56.26
TCF FINANCIAL CORPTCF872275102COMMON STOCK51,051.00001,343,151.81.18
TPI COMPOSITES INCTPIC87266J104COMMON STOCK42,203.00001,109,938.90.15
TABULA RASA HEALTHCARE INCTRHC873379101COMMON STOCK15,216.0000830,032.80.11
TACTILE SYSTEMS TECHNOLOGY ITCMD87357P100COMMON STOCK89,182.00004,426,102.66.58
TAILORED BRANDS INCTLRD87403A107COMMON STOCK26,053.0000854,798.93.11
TEAM INCTISI878155100COMMON STOCK140,805.00002,992,106.25.40
TELADOC INCTDOC87918A105COMMON STOCK48,954.00002,491,758.60.33
TETRA TECH INCTTEK88162G103COMMON STOCK14,626.0000803,698.70.11
TREEHOUSE FOODS INCTHS89469A104COMMON STOCK45,088.00002,160,166.08.29
TRIMAS CORPTRS896215209COMMON STOCK56,108.00001,604,688.80.21
TRISTATE CAPITAL HLDGS INCTSC89678F100COMMON STOCK42,624.00001,095,436.80.14
TRIUMPH BANCORP INCTBK89679E300COMMON STOCK31,862.00001,307,935.10.17
TRIUMPH GROUP INCTGI896818101COMMON STOCK27,282.0000578,378.40.08
USA TECHNOLOGIES INCUSAT90328S500COMMON STOCK119,705.00001,610,032.25.21
UNIVEST CORP OF PENNSYLVANIAUVSP915271100COMMON STOCK61,415.00001,787,176.50.24
UPLAND SOFTWARE INCUPLD91544A109COMMON STOCK53,817.00001,925,572.26.25
VALVOLINE INCVVV92047W101COMMON STOCK93,737.00001,915,984.28.25
VARONIS SYSTEMS INCVRNS922280102COMMON STOCK13,012.00001,010,381.80.13
VERICEL CORP92346J108COMMON STOCK102,386.00001,377,091.70.18
VIAVI SOLUTIONS INCVIAV925550105COMMON STOCK208,590.00001,983,690.90.26
VIRTUSA CORPVRTU92827P102COMMON STOCK28,572.00001,387,170.60.18
VISTA OUTDOOR INCVSTO928377100COMMON STOCK45,849.0000776,682.06.10
WILLIAMS COS INCWMB969457100COMMON STOCK217,300.00005,836,678.00.77
WINGSTOP INCWING974155103COMMON STOCK30,721.00001,554,789.81.21
XCEL ENERGY INCXEL98389B100COMMON STOCK96,600.00004,397,232.00.58
XILINX INCXLNX983919101COMMON STOCK63,200.00004,304,552.00.57
ZIMMER BIOMET HOLDINGS INCZBH98956P102COMMON STOCK84,400.00009,411,444.001.24
ZSCALER INCZS98980G102COMMON STOCK32,487.0000853,108.62.11
FUSION CONNECT INCFSNNBF5DW02COMMON STOCK94,306.0000368,736.46.05

As of 05/31/2018.

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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