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.
I Share Fund performance as of 9/30/2019 | ||||||||||||||
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Destinations Small-Mid Cap Equity Fund |
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Russell 2500 Index |
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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.
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.
- Ticker: DSMFX
- CUSIP: 10964R202
- Benchmark: Russell 2500 Index
- Inception date: 03/20/2017
- Gross expense ratio: 1.13%
- Net expense ratio: 1.04%*
Daily NAV | Date: | 12/04/2019 |
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NAV: $12.21 -
NAV change: $0.11 -
Total assets ($m): $967.0
Management team
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Jeffrey W. Raupp Chief Investment Officer
Jeffrey W. Raupp, CFA, MBA, is Chief Investment Officer 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.
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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.
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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
I Share Fund performance as of 9/30/2019 | ||||||||||||||||||||
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Annualized | ||||||||||||||||||||
MTD | QTD | YTD | 1 Year | 3 Years | 5 Years | Since Inception |
Inception Date |
Gross expense ratio |
Net expense ratio* |
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Destinations Small-Mid Cap Equity Fund |
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Russell 2500 Index |
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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.
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 Description | Ticker Symbol | Security ID | Security Type Description | Quantity | Base Market Value | Percent TNA |
---|---|---|---|---|---|---|
US DOLLARS | CASHUSD | CURRENCY | 31,619,246.7000 | 31,619,246.70 | 3.10 | |
ONESPAWORLD HOLDINGS LTD | BJY21L2 | COMMON STOCK | 80,641.0000 | 1,316,867.53 | .13 | |
AXIS CAPITAL HOLDINGS LTD | AXS | 2677606 | COMMON STOCK | 82,900.0000 | 4,906,022.00 | .48 |
BANK OF N.T. BUTTERFIELD&SON | NTB | BD8FF02 | COMMON STOCK | 85,949.0000 | 2,969,537.95 | .29 |
MASONITE INTERNATIONAL CORP | DOOR | 575385109 | COMMON STOCK | 22,407.0000 | 1,608,822.60 | .16 |
SILICON MOTION TECHNOL-ADR | SIMO | 82706C108 | COMMON STOCK | 69,287.0000 | 3,069,414.10 | .30 |
ICHOR HOLDINGS LTD | ICHR | BD2B5Y0 | COMMON STOCK | 156,724.0000 | 4,944,642.20 | .48 |
SMART GLOBAL HOLDINGS INC | SGH | BYPBTG4 | COMMON STOCK | 65,994.0000 | 2,032,615.20 | .20 |
WILLIS TOWERS WATSON PLC | WLTW | BDB6Q21 | COMMON STOCK | 74,700.0000 | 14,674,068.00 | 1.44 |
KORNIT DIGITAL LTD | KRNT | BWFRFD7 | COMMON STOCK | 37,396.0000 | 1,275,203.60 | .13 |
MIMECAST LTD | MIME | BYT5JK6 | COMMON STOCK | 29,644.0000 | 1,314,711.40 | .13 |
ROYAL CARIBBEAN CRUISES LTD | RCL | 2754907 | COMMON STOCK | 53,300.0000 | 6,397,066.00 | .63 |
SCORPIO TANKERS INC | BHXD297 | COMMON STOCK | 26,391.0000 | 907,586.49 | .09 | |
CONTROLADORA VUELA CIA-ADR | VLRS | 21240E105 | COMMON STOCK | 77,770.0000 | 812,696.50 | .08 |
ARGENX SE - ADR | ARGX | 04016X101 | COMMON STOCK | 31,902.0000 | 4,723,091.10 | .46 |
CONSTELLIUM SE | CSTM | B9B3DX4 | COMMON STOCK | 188,097.0000 | 2,659,691.58 | .26 |
MERUS NV | MRUS | BZBY005 | COMMON STOCK | 124,500.0000 | 2,051,760.00 | .20 |
LYONDELLBASELL INDU-CL A | LYB | N53745100 | COMMON STOCK | 63,700.0000 | 5,894,798.00 | .58 |
ENDAVA PLC- SPON ADR | DAVA | 29260V105 | COMMON STOCK | 120,552.0000 | 5,740,686.24 | .56 |
ORCHARD THERAPEUTICS PLC | ORTX | 68570P101 | COMMON STOCK | 142,488.0000 | 1,622,938.32 | .16 |
ACTUANT CORP-A | EPAC | 00508X203 | COMMON STOCK | 62,589.0000 | 1,537,185.84 | .15 |
ADESTO TECHNOLOGIES CORP | IOTS | 00687D101 | COMMON STOCK | 145,368.0000 | 1,046,649.60 | .10 |
AFFILIATED MANAGERS GROUP | AMG | 008252108 | COMMON STOCK | 76,300.0000 | 6,513,731.00 | .64 |
AGILENT TECHNOLOGIES INC | A | 00846U101 | COMMON STOCK | 103,200.0000 | 8,335,464.00 | .82 |
ALLAKOS INC | ALLK | 01671P100 | COMMON STOCK | 16,800.0000 | 1,596,000.00 | .16 |
ALLEGHENY TECHNOLOGIES INC | ATI | 01741R102 | COMMON STOCK | 96,192.0000 | 2,218,187.52 | .22 |
ALPHATEC HOLDINGS INC | 02081G201 | COMMON STOCK | 238,641.0000 | 1,682,419.05 | .16 | |
ALTERYX INC - CLASS A | AYX | 02156B103 | COMMON STOCK | 11,675.0000 | 1,325,462.75 | .13 |
ALTRA INDUSTRIAL MOTION CORP | AIMC | 02208R106 | COMMON STOCK | 57,666.0000 | 1,895,481.42 | .19 |
AMERICAN CAMPUS COMMUNITIES | ACC | 024835100 | REIT - Real Estate Invesment Trust | 170,300.0000 | 8,181,212.00 | .80 |
AMERICAN HOMES 4 RENT- A | AMH | 02665T306 | REIT - Real Estate Invesment Trust | 301,200.0000 | 8,045,052.00 | .79 |
AMERICAN WOODMARK CORP | AMWD | 030506109 | COMMON STOCK | 13,228.0000 | 1,361,161.20 | .13 |
AMERICOLD REALTY TRUST | COLD | 03064D108 | REIT - Real Estate Invesment Trust | 40,657.0000 | 1,529,516.34 | .15 |
AMERISOURCEBERGEN CORP | ABC | 03073E105 | COMMON STOCK | 53,300.0000 | 4,685,603.00 | .46 |
APELLIS PHARMACEUTICALS INC | APLS | 03753U106 | COMMON STOCK | 63,340.0000 | 1,702,579.20 | .17 |
ARCHER-DANIELS-MIDLAND CO | ADM | 039483102 | COMMON STOCK | 111,100.0000 | 4,769,523.00 | .47 |
ARCOSA INC | ACA | 039653100 | COMMON STOCK | 59,928.0000 | 2,349,776.88 | .23 |
ASSURANT INC | AIZ | 04621X108 | COMMON STOCK | 25,400.0000 | 3,374,898.00 | .33 |
BJ'S WHOLESALE CLUB HOLDINGS | BJ | 05550J101 | COMMON STOCK | 66,832.0000 | 1,583,918.40 | .16 |
BRP GROUP INC-A | BRP | 05589G102 | COMMON STOCK | 144,027.0000 | 2,480,144.94 | .24 |
BWX TECHNOLOGIES INC | BWXT | 05605H100 | COMMON STOCK | 54,690.0000 | 3,288,509.70 | .32 |
BANC OF CALIFORNIA INC | BANC | 05990K106 | COMMON STOCK | 101,098.0000 | 1,552,865.28 | .15 |
BANKUNITED INC | BKU | 06652K103 | COMMON STOCK | 96,022.0000 | 3,366,531.32 | .33 |
BELDEN INC | BDC | 077454106 | COMMON STOCK | 26,685.0000 | 1,434,051.90 | .14 |
BELLRING BRANDS INC-CLASS A | BRBR | 079823100 | COMMON STOCK | 127,586.0000 | 2,555,547.58 | .25 |
BEST BUY CO INC | BBY | 086516101 | COMMON STOCK | 86,700.0000 | 6,991,488.00 | .69 |
BIOLIFE SOLUTIONS INC | BLFS | 09062W204 | COMMON STOCK | 101,346.0000 | 1,697,545.50 | .17 |
BLACK HILLS CORP | BKH | 092113109 | COMMON STOCK | 25,883.0000 | 1,981,861.31 | .19 |
BLACKSTONE MORTGAGE TRU-CL A | BXMT | 09257W100 | REIT - Real Estate Invesment Trust | 117,279.0000 | 4,295,929.77 | .42 |
BOISE CASCADE CO | BCC | 09739D100 | COMMON STOCK | 33,844.0000 | 1,283,364.48 | .13 |
BOOT BARN HOLDINGS INC | BOOT | 099406100 | COMMON STOCK | 119,614.0000 | 4,763,029.48 | .47 |
BORGWARNER INC | BWA | 099724106 | COMMON STOCK | 155,800.0000 | 6,551,390.00 | .64 |
CMS ENERGY CORP | CMS | 125896100 | COMMON STOCK | 117,800.0000 | 7,221,140.00 | .71 |
CABOT CORP | CBT | 127055101 | COMMON STOCK | 20,856.0000 | 980,023.44 | .10 |
CACI INTERNATIONAL INC -CL A | CACI | 127190304 | COMMON STOCK | 19,344.0000 | 4,629,406.08 | .45 |
CAL-MAINE FOODS INC | CALM | 128030202 | COMMON STOCK | 52,072.0000 | 2,266,694.16 | .22 |
CALLAWAY GOLF COMPANY | ELY | 131193104 | COMMON STOCK | 220,637.0000 | 4,584,836.86 | .45 |
CALLON PETROLEUM CO | CPE | 13123X102 | COMMON STOCK | 257,430.0000 | 939,619.50 | .09 |
CARDLYTICS INC | CDLX | 14161W105 | COMMON STOCK | 81,875.0000 | 4,589,093.75 | .45 |
CARRIZO OIL & GAS INC | CRZO | 144577103 | COMMON STOCK | 114,251.0000 | 732,348.91 | .07 |
CARTER'S INC | CRI | 146229109 | COMMON STOCK | 22,942.0000 | 2,370,138.02 | .23 |
CASELLA WASTE SYSTEMS INC-A | CWST | 147448104 | COMMON STOCK | 34,883.0000 | 1,629,384.93 | .16 |
CASTLE BIOSCIENCES INC | CSTL | 14843C105 | COMMON STOCK | 69,348.0000 | 1,867,541.64 | .18 |
CENTURY COMMUNITIES INC | CCS | 156504300 | COMMON STOCK | 45,276.0000 | 1,290,366.00 | .13 |
CHASERG TECHNOLOGY ACQUISI-A | CTAC | 16166A103 | COMMON STOCK | 150,719.0000 | 1,650,373.05 | .16 |
CIRCOR INTERNATIONAL INC | CIR | 17273K109 | COMMON STOCK | 41,019.0000 | 1,819,602.84 | .18 |
CLEAN HARBORS INC | CLH | 184496107 | COMMON STOCK | 34,078.0000 | 2,816,546.70 | .28 |
COGENT COMMUNICATIONS HOLDIN | CCOI | 19239V302 | COMMON STOCK | 30,754.0000 | 1,927,660.72 | .19 |
COLLEGIUM PHARMACEUTICAL INC | COLL | 19459J104 | COMMON STOCK | 48,887.0000 | 1,062,314.51 | .10 |
COLUMBIA PROPERTY TRUST INC | 198287203 | REIT - Real Estate Invesment Trust | 116,599.0000 | 2,420,595.24 | .24 | |
COLUMBUS MCKINNON CORP/NY | CMCO | 199333105 | COMMON STOCK | 67,034.0000 | 2,753,756.72 | .27 |
CONDUENT INC | CNDT | 206787103 | COMMON STOCK | 239,912.0000 | 1,624,204.24 | .16 |
CONN'S INC | CONN | 208242107 | COMMON STOCK | 34,782.0000 | 762,769.26 | .07 |
COOPER COS INC/THE | COO | 216648402 | COMMON STOCK | 26,200.0000 | 8,202,958.00 | .80 |
CORPORATE OFFICE PROPERTIES | OFC | 22002T108 | REIT - Real Estate Invesment Trust | 86,904.0000 | 2,535,858.72 | .25 |
COUSINS PROPERTIES INC | 222795502 | REIT - Real Estate Invesment Trust | 293,700.0000 | 11,891,913.00 | 1.17 | |
CROCS INC | CROX | 227046109 | COMMON STOCK | 77,625.0000 | 2,709,112.50 | .27 |
CYTOKINETICS INC | 23282W605 | COMMON STOCK | 336,583.0000 | 3,254,757.61 | .32 | |
DMC GLOBAL INC | BOOM | 23291C103 | COMMON STOCK | 23,866.0000 | 1,099,983.94 | .11 |
DARLING INGREDIENTS INC | DAR | 237266101 | COMMON STOCK | 210,530.0000 | 5,010,614.00 | .49 |
DIAMONDBACK ENERGY INC | FANG | 25278X109 | COMMON STOCK | 173,500.0000 | 13,418,490.00 | 1.32 |
DICERNA PHARMACEUTICALS INC | DRNA | 253031108 | COMMON STOCK | 169,999.0000 | 4,090,175.94 | .40 |
DIGITAL TURBINE INC | APPS | 25400W102 | COMMON STOCK | 250,954.0000 | 2,228,471.52 | .22 |
DOUGLAS DYNAMICS INC | PLOW | 25960R105 | COMMON STOCK | 27,222.0000 | 1,472,982.42 | .14 |
DYNEX CAPITAL INC | 26817Q886 | REIT - Real Estate Invesment Trust | 75,999.0000 | 1,283,623.11 | .13 | |
ELF BEAUTY INC | ELF | 26856L103 | COMMON STOCK | 173,719.0000 | 2,878,523.83 | .28 |
EHEALTH INC | EHTH | 28238P109 | COMMON STOCK | 34,072.0000 | 3,143,482.72 | .31 |
EIDOS THERAPEUTICS INC | EIDX | 28249H104 | COMMON STOCK | 30,621.0000 | 1,724,880.93 | .17 |
EMCOR GROUP INC | EME | 29084Q100 | COMMON STOCK | 17,431.0000 | 1,550,138.83 | .15 |
ENERGIZER HOLDINGS INC | ENR | 29272W109 | COMMON STOCK | 266,300.0000 | 13,285,707.00 | 1.30 |
ENPRO INDUSTRIES INC | NPO | 29355X107 | COMMON STOCK | 32,301.0000 | 2,144,463.39 | .21 |
EVERBRIDGE INC | EVBG | 29978A104 | COMMON STOCK | 25,527.0000 | 2,244,844.38 | .22 |
EVERQUOTE INC - CLASS A | EVER | 30041R108 | COMMON STOCK | 78,752.0000 | 2,772,857.92 | .27 |
EXLSERVICE HOLDINGS INC | EXLS | 302081104 | COMMON STOCK | 44,269.0000 | 3,090,418.89 | .30 |
FLIR SYSTEMS INC | FLIR | 302445101 | COMMON STOCK | 113,500.0000 | 6,079,060.00 | .60 |
FNB CORP | FNB | 302520101 | COMMON STOCK | 378,704.0000 | 4,703,503.68 | .46 |
FARO TECHNOLOGIES INC | FARO | 311642102 | COMMON STOCK | 17,449.0000 | 850,115.28 | .08 |
FEDERAL SIGNAL CORP | FSS | 313855108 | COMMON STOCK | 58,210.0000 | 1,917,437.40 | .19 |
FIRST HORIZON NATIONAL CORP | FHN | 320517105 | COMMON STOCK | 165,721.0000 | 2,664,793.68 | .26 |
FIRSTENERGY CORP | FE | 337932107 | COMMON STOCK | 254,900.0000 | 12,156,181.00 | 1.19 |
FIVE9 INC | FIVN | 338307101 | COMMON STOCK | 16,962.0000 | 1,156,299.54 | .11 |
FORD MOTOR CO | F | 345370860 | COMMON STOCK | 575,000.0000 | 5,209,500.00 | .51 |
FORMFACTOR INC | FORM | 346375108 | COMMON STOCK | 86,848.0000 | 2,009,662.72 | .20 |
FRESHPET INC | FRPT | 358039105 | COMMON STOCK | 34,209.0000 | 1,838,391.66 | .18 |
FULGENT GENETICS INC | FLGT | 359664109 | COMMON STOCK | 117,421.0000 | 1,338,599.40 | .13 |
H.B. FULLER CO. | FUL | 359694106 | COMMON STOCK | 39,520.0000 | 1,971,257.60 | .19 |
GMS INC | GMS | 36251C103 | COMMON STOCK | 63,461.0000 | 1,964,752.56 | .19 |
GENERAC HOLDINGS INC | GNRC | 368736104 | COMMON STOCK | 31,277.0000 | 3,080,784.50 | .30 |
GIBRALTAR INDUSTRIES INC | ROCK | 374689107 | COMMON STOCK | 41,111.0000 | 2,146,816.42 | .21 |
GLOBAL BLOOD THERAPEUTICS IN | GBT | 37890U108 | COMMON STOCK | 45,022.0000 | 2,993,963.00 | .29 |
GOOSEHEAD INSURANCE INC -A | GSHD | 38267D109 | COMMON STOCK | 62,042.0000 | 2,513,941.84 | .25 |
WR GRACE & CO | GRA | 38388F108 | COMMON STOCK | 47,318.0000 | 3,162,261.94 | .31 |
H&E EQUIPMENT SERVICES INC | HEES | 404030108 | COMMON STOCK | 59,523.0000 | 1,964,259.00 | .19 |
HAIN CELESTIAL GROUP INC | HAIN | 405217100 | COMMON STOCK | 122,202.0000 | 3,020,833.44 | .30 |
HANOVER INSURANCE GROUP INC/ | THG | 410867105 | COMMON STOCK | 9,637.0000 | 1,309,957.41 | .13 |
HARTFORD FINANCIAL SVCS GRP | HIG | 416515104 | COMMON STOCK | 171,900.0000 | 10,633,734.00 | 1.04 |
HAWAIIAN ELECTRIC INDS | HE | 419870100 | COMMON STOCK | 43,872.0000 | 1,915,890.24 | .19 |
HEALTH SCIENCES ACQUISITIONS | HSAC | 42227C102 | COMMON STOCK | 103,210.0000 | 1,081,640.80 | .11 |
HEARTLAND EXPRESS INC | HTLD | 422347104 | COMMON STOCK | 64,344.0000 | 1,377,605.04 | .14 |
HERCULES CAPITAL INC | HTGC | 427096508 | COMMON STOCK | 251,897.0000 | 3,609,684.01 | .35 |
HEXCEL CORP | HXL | 428291108 | COMMON STOCK | 22,145.0000 | 1,763,406.35 | .17 |
HIBBETT SPORTS INC | HIBB | 428567101 | COMMON STOCK | 63,581.0000 | 1,803,792.97 | .18 |
HILLENBRAND INC | HI | 431571108 | COMMON STOCK | 31,593.0000 | 998,970.66 | .10 |
HOSTESS BRANDS INC | TWNK | 44109J106 | COMMON STOCK | 200,026.0000 | 2,690,349.70 | .26 |
HUMANA INC | HUM | 444859102 | COMMON STOCK | 50,700.0000 | 17,300,361.00 | 1.70 |
HURON CONSULTING GROUP INC | HURN | 447462102 | COMMON STOCK | 51,331.0000 | 3,441,743.55 | .34 |
ICF INTERNATIONAL INC | ICFI | 44925C103 | COMMON STOCK | 21,911.0000 | 1,966,074.03 | .19 |
ITT INC | ITT | 45073V108 | COMMON STOCK | 52,899.0000 | 3,691,292.22 | .36 |
IBERIABANK CORP | IBKC | 450828108 | COMMON STOCK | 53,644.0000 | 3,915,475.56 | .38 |
IDACORP INC | IDA | 451107106 | COMMON STOCK | 21,413.0000 | 2,249,435.65 | .22 |
IMPINJ INC | PI | 453204109 | COMMON STOCK | 96,630.0000 | 3,049,642.80 | .30 |
INGEVITY CORP | NGVT | 45688C107 | COMMON STOCK | 18,037.0000 | 1,628,921.47 | .16 |
INPHI CORP | IPHI | 45772F107 | COMMON STOCK | 53,068.0000 | 3,695,124.84 | .36 |
INSPIRE MEDICAL SYSTEMS INC | INSP | 457730109 | COMMON STOCK | 81,663.0000 | 5,794,806.48 | .57 |
INSTALLED BUILDING PRODUCTS | IBP | 45780R101 | COMMON STOCK | 31,994.0000 | 2,293,969.80 | .22 |
INTEGRA LIFESCIENCES HOLDING | IART | 457985208 | COMMON STOCK | 19,013.0000 | 1,159,602.87 | .11 |
INTERPUBLIC GROUP OF COS INC | IPG | 460690100 | COMMON STOCK | 370,800.0000 | 8,305,920.00 | .81 |
ISHARES S&P MID-CAP ETF | IJH | 464287507 | POOLED INVESTMENTS | 149,959.0000 | 30,156,754.90 | 2.96 |
ISHARES RUSSELL 2000 VALUE E | IWN | 464287630 | POOLED INVESTMENTS | 12,181.0000 | 1,524,086.72 | .15 |
ISHARES CORE S&P SMALL-CAP E | IJR | 464287804 | POOLED INVESTMENTS | 222,860.0000 | 18,232,176.60 | 1.79 |
I3 VERTICALS INC-CLASS A | IIIV | 46571Y107 | COMMON STOCK | 132,224.0000 | 3,612,359.68 | .35 |
KLA CORP | KLAC | 482480100 | COMMON STOCK | 75,900.0000 | 12,436,974.00 | 1.22 |
KADANT INC | KAI | 48282T104 | COMMON STOCK | 15,042.0000 | 1,465,090.80 | .14 |
KELLY SERVICES INC -A | KELYA | 488152208 | COMMON STOCK | 57,875.0000 | 1,268,041.25 | .12 |
KENNAMETAL INC | KMT | 489170100 | COMMON STOCK | 194,100.0000 | 6,760,503.00 | .66 |
KINSALE CAPITAL GROUP INC | KNSL | 49714P108 | COMMON STOCK | 33,201.0000 | 3,361,933.26 | .33 |
KNOLL INC | KNL | 498904200 | COMMON STOCK | 113,121.0000 | 3,117,614.76 | .31 |
KNOWLES CORP | KN | 49926D109 | COMMON STOCK | 111,137.0000 | 2,433,900.30 | .24 |
KORN FERRY | KFY | 500643200 | COMMON STOCK | 56,812.0000 | 2,231,575.36 | .22 |
KRATOS DEFENSE & SECURITY | KTOS | 50077B207 | COMMON STOCK | 47,698.0000 | 861,425.88 | .08 |
LGI HOMES INC | LGIH | 50187T106 | COMMON STOCK | 18,068.0000 | 1,305,774.36 | .13 |
LEXINGTON REALTY TRUST REIT | LXP | 529043101 | REIT - Real Estate Invesment Trust | 144,883.0000 | 1,605,303.64 | .16 |
LIMELIGHT NETWORKS INC | LLNW | 53261M104 | COMMON STOCK | 496,913.0000 | 2,121,818.51 | .21 |
LIVENT CORP | LTHM | 53814L108 | COMMON STOCK | 281,052.0000 | 2,192,205.60 | .21 |
LOUISIANA-PACIFIC CORP | LPX | 546347105 | COMMON STOCK | 153,700.0000 | 4,558,742.00 | .45 |
LOVESAC CO/THE | LOVE | 54738L109 | COMMON STOCK | 55,899.0000 | 853,018.74 | .08 |
MGIC INVESTMENT CORP | MTG | 552848103 | COMMON STOCK | 160,362.0000 | 2,310,816.42 | .23 |
MGM RESORTS INTERNATIONAL | MGM | 552953101 | COMMON STOCK | 74,700.0000 | 2,386,665.00 | .23 |
MACOM TECHNOLOGY SOLUTIONS | MTSI | 55405Y100 | COMMON STOCK | 197,907.0000 | 4,882,365.69 | .48 |
STEVEN MADDEN LTD | SHOO | 556269108 | COMMON STOCK | 36,479.0000 | 1,549,263.13 | .15 |
MANTECH INTERNATIONAL CORP-A | MANT | 564563104 | COMMON STOCK | 47,593.0000 | 3,692,264.94 | .36 |
MARATHON PETROLEUM CORP | MPC | 56585A102 | COMMON STOCK | 126,500.0000 | 7,670,960.00 | .75 |
MATTHEWS INTL CORP-CLASS A | MATW | 577128101 | COMMON STOCK | 38,130.0000 | 1,462,285.50 | .14 |
MEDICAL PROPERTIES TRUST INC | MPW | 58463J304 | REIT - Real Estate Invesment Trust | 486,300.0000 | 10,095,588.00 | .99 |
MERCURY SYSTEMS INC | MRCY | 589378108 | COMMON STOCK | 18,205.0000 | 1,333,516.25 | .13 |
MERITOR INC | MTOR | 59001K100 | COMMON STOCK | 99,665.0000 | 2,516,541.25 | .25 |
META FINANCIAL GROUP INC | CASH | 59100U108 | COMMON STOCK | 89,783.0000 | 3,193,581.31 | .31 |
MICHAELS COS INC/THE | MIK | 59408Q106 | COMMON STOCK | 87,287.0000 | 714,007.66 | .07 |
MIRATI THERAPEUTICS INC | MRTX | 60468T105 | COMMON STOCK | 16,668.0000 | 1,679,634.36 | .16 |
MOTOROLA SOLUTIONS INC | MSI | 620076307 | COMMON STOCK | 88,700.0000 | 14,839,510.00 | 1.45 |
MURPHY USA INC | MUSA | 626755102 | COMMON STOCK | 59,421.0000 | 6,983,750.13 | .68 |
MYOKARDIA INC | MYOK | 62857M105 | COMMON STOCK | 79,343.0000 | 5,169,196.45 | .51 |
NMI HOLDINGS INC-CLASS A | NMIH | 629209305 | COMMON STOCK | 86,764.0000 | 2,912,667.48 | .29 |
NATERA INC | NTRA | 632307104 | COMMON STOCK | 87,804.0000 | 3,203,967.96 | .31 |
NEOGENOMICS INC | NEO | 64049M209 | COMMON STOCK | 94,444.0000 | 2,437,599.64 | .24 |
NEXSTAR MEDIA GROUP INC-CL A | NXST | 65336K103 | COMMON STOCK | 29,295.0000 | 3,155,364.45 | .31 |
NEXPOINT RESIDENTIAL | NXRT | 65341D102 | REIT - Real Estate Invesment Trust | 6,992.0000 | 334,567.20 | .03 |
NLIGHT INC | LASR | 65487K100 | COMMON STOCK | 116,033.0000 | 2,312,537.69 | .23 |
NOBLE ENERGY INC | NBL | 655044105 | COMMON STOCK | 519,200.0000 | 10,778,592.00 | 1.06 |
NUCOR CORP | NUE | 670346105 | COMMON STOCK | 128,500.0000 | 7,242,260.00 | .71 |
ODONATE THERAPEUTICS INC | ODT | 676079106 | COMMON STOCK | 83,104.0000 | 2,857,115.52 | .28 |
OLIN CORP | OLN | 680665205 | COMMON STOCK | 98,458.0000 | 1,724,984.16 | .17 |
OMNICOM GROUP | OMC | 681919106 | COMMON STOCK | 87,100.0000 | 6,922,708.00 | .68 |
ORTHOPEDIATRICS CORP | KIDS | 68752L100 | COMMON STOCK | 105,631.0000 | 4,155,523.54 | .41 |
OWENS-ILLINOIS INC | OI | 690768403 | COMMON STOCK | 118,512.0000 | 1,170,898.56 | .11 |
OXFORD INDUSTRIES INC | OXM | 691497309 | COMMON STOCK | 21,936.0000 | 1,632,477.12 | .16 |
PPG INDUSTRIES INC | PPG | 693506107 | COMMON STOCK | 48,700.0000 | 6,274,508.00 | .62 |
PVH CORP | PVH | 693656100 | COMMON STOCK | 26,100.0000 | 2,530,656.00 | .25 |
PACWEST BANCORP | PACW | 695263103 | COMMON STOCK | 227,700.0000 | 8,479,548.00 | .83 |
PALOMAR HOLDINGS INC | PLMR | 69753M105 | COMMON STOCK | 63,248.0000 | 3,451,443.36 | .34 |
PAPA JOHN'S INTL INC | PZZA | 698813102 | COMMON STOCK | 44,887.0000 | 2,840,449.36 | .28 |
PARKER HANNIFIN CORP | PH | 701094104 | COMMON STOCK | 35,000.0000 | 6,957,650.00 | .68 |
PATRICK INDUSTRIES INC | PATK | 703343103 | COMMON STOCK | 20,209.0000 | 1,000,749.68 | .10 |
PATTERSON COS INC | PDCO | 703395103 | COMMON STOCK | 66,728.0000 | 1,298,526.88 | .13 |
PERFICIENT INC | PRFT | 71375U101 | COMMON STOCK | 106,191.0000 | 4,489,755.48 | .44 |
PERFORMANCE FOOD GROUP CO | PFGC | 71377A103 | COMMON STOCK | 39,276.0000 | 1,848,328.56 | .18 |
PHREESIA INC | PHR | 71944F106 | COMMON STOCK | 67,929.0000 | 1,910,163.48 | .19 |
PINNACLE FINANCIAL PARTNERS | PNFP | 72346Q104 | COMMON STOCK | 220,500.0000 | 13,543,110.00 | 1.33 |
PORTLAND GENERAL ELECTRIC CO | POR | 736508847 | COMMON STOCK | 72,243.0000 | 4,010,208.93 | .39 |
PRESTIGE CONSUMER HEALTHCARE | PBH | 74112D101 | COMMON STOCK | 76,400.0000 | 2,885,628.00 | .28 |
PRINCIPIA BIOPHARMA INC | PRNB | 74257L108 | COMMON STOCK | 43,358.0000 | 1,553,517.14 | .15 |
PROASSURANCE CORP | PRA | 74267C106 | COMMON STOCK | 82,747.0000 | 3,111,287.20 | .30 |
PROGRESSIVE CORP | PGR | 743315103 | COMMON STOCK | 212,900.0000 | 15,552,345.00 | 1.52 |
PUBLIC SERVICE ENTERPRISE GP | PEG | 744573106 | COMMON STOCK | 145,900.0000 | 8,653,329.00 | .85 |
REGAL BELOIT CORP | RBC | 758750103 | COMMON STOCK | 30,301.0000 | 2,476,500.73 | .24 |
REPAY HOLDINGS CORP | RPAY | 76029L100 | COMMON STOCK | 181,537.0000 | 2,510,656.71 | .25 |
REVANCE THERAPEUTICS INC | RVNC | 761330109 | COMMON STOCK | 97,918.0000 | 1,752,732.20 | .17 |
ROCKWELL AUTOMATION INC | ROK | 773903109 | COMMON STOCK | 13,200.0000 | 2,585,088.00 | .25 |
RUBICON PROJECT INC/THE | RUBI | 78112V102 | COMMON STOCK | 373,844.0000 | 3,020,659.52 | .30 |
RUSH ENTERPRISES INC-CL A | RUSHA | 781846209 | COMMON STOCK | 36,213.0000 | 1,659,279.66 | .16 |
SBA COMMUNICATIONS CORP | SBAC | 78410G104 | REIT - Real Estate Invesment Trust | 26,000.0000 | 6,148,220.00 | .60 |
SPX FLOW INC | FLOW | 78469X107 | COMMON STOCK | 67,799.0000 | 3,213,672.60 | .32 |
SRC ENERGY INC | SRCI | 78470V108 | COMMON STOCK | 131,869.0000 | 470,772.33 | .05 |
SVMK INC | SVMK | 78489X103 | COMMON STOCK | 75,124.0000 | 1,282,366.68 | .13 |
SABRE CORP | SABR | 78573M104 | COMMON STOCK | 274,500.0000 | 6,157,035.00 | .60 |
SAIA INC | SAIA | 78709Y105 | COMMON STOCK | 27,655.0000 | 2,624,459.50 | .26 |
SANDERSON FARMS INC | SAFM | 800013104 | COMMON STOCK | 12,900.0000 | 2,135,982.00 | .21 |
SELECT ENERGY SERVICES INC-A | WTTR | 81617J301 | COMMON STOCK | 86,176.0000 | 661,831.68 | .06 |
SEMTECH CORP | SMTC | 816850101 | COMMON STOCK | 22,751.0000 | 1,102,513.46 | .11 |
SEMPRA ENERGY | SRE | 816851109 | COMMON STOCK | 45,400.0000 | 6,686,058.00 | .66 |
SENSIENT TECHNOLOGIES CORP | SXT | 81725T100 | COMMON STOCK | 47,697.0000 | 3,018,743.13 | .30 |
SI-BONE INC | 825704109 | COMMON STOCK | 110,861.0000 | 1,972,217.19 | .19 | |
SILGAN HOLDINGS INC | SLGN | 827048109 | COMMON STOCK | 55,888.0000 | 1,721,909.28 | .17 |
SITIME CORP | 82982T106 | COMMON STOCK | 94,957.0000 | 1,652,251.80 | .16 | |
SKYLINE CHAMPION CORP | SKY | 830830105 | COMMON STOCK | 158,160.0000 | 5,247,748.80 | .51 |
SONIC AUTOMOTIVE INC-CLASS A | SAH | 83545G102 | COMMON STOCK | 93,056.0000 | 3,047,584.00 | .30 |
SPECTRUM BRANDS HOLDINGS INC | 84790A105 | COMMON STOCK | 27,935.0000 | 1,746,496.20 | .17 | |
SPIRIT AEROSYSTEMS HOLD-CL A | SPR | 848574109 | COMMON STOCK | 75,700.0000 | 6,585,143.00 | .65 |
SPORTSMAN'S WAREHOUSE HOLDIN | SPWH | 84920Y106 | COMMON STOCK | 204,812.0000 | 1,497,175.72 | .15 |
SPRINGWORKS THERAPEUTICS INC | SWTX | 85205L107 | COMMON STOCK | 54,811.0000 | 1,250,238.91 | .12 |
STANDEX INTERNATIONAL CORP | SXI | 854231107 | COMMON STOCK | 31,678.0000 | 2,444,908.04 | .24 |
STERLING BANCORP/DE | 85917A100 | COMMON STOCK | 249,148.0000 | 5,087,602.16 | .50 | |
SUTRO BIOPHARMA INC | STRO | 869367102 | COMMON STOCK | 38,856.0000 | 430,524.48 | .04 |
TCF FINANCIAL CORP | TCF | 872307103 | COMMON STOCK | 10,761.0000 | 457,234.89 | .04 |
TACTILE SYSTEMS TECHNOLOGY I | TCMD | 87357P100 | COMMON STOCK | 30,265.0000 | 1,943,315.65 | .19 |
TANDEM DIABETES CARE INC | TNDM | 875372203 | COMMON STOCK | 31,133.0000 | 2,149,110.99 | .21 |
TEAM INC | TISI | 878155100 | COMMON STOCK | 170,365.0000 | 2,754,802.05 | .27 |
TELARIA INC | TLRA | 879181105 | COMMON STOCK | 437,631.0000 | 3,649,842.54 | .36 |
TREEHOUSE FOODS INC | THS | 89469A104 | COMMON STOCK | 90,158.0000 | 4,407,824.62 | .43 |
TRICIDA INC | TCDA | 89610F101 | COMMON STOCK | 57,871.0000 | 2,312,525.16 | .23 |
TRIMAS CORP | TRS | 896215209 | COMMON STOCK | 63,090.0000 | 1,954,528.20 | .19 |
TRISTATE CAPITAL HLDGS INC | TSC | 89678F100 | COMMON STOCK | 48,536.0000 | 1,176,027.28 | .12 |
TRIUMPH BANCORP INC | TBK | 89679E300 | COMMON STOCK | 44,282.0000 | 1,587,952.52 | .16 |
TURNING POINT THERAPEUTICS I | TPTX | 90041T108 | COMMON STOCK | 32,200.0000 | 1,810,284.00 | .18 |
TWIST BIOSCIENCE CORP | TWST | 90184D100 | COMMON STOCK | 79,533.0000 | 1,895,271.39 | .19 |
ULTRA CLEAN HOLDINGS INC | UCTT | 90385V107 | COMMON STOCK | 104,345.0000 | 2,320,632.80 | .23 |
UNIVEST FINANCIAL CORP | UVSP | 915271100 | COMMON STOCK | 96,262.0000 | 2,513,400.82 | .25 |
VALVOLINE INC | VVV | 92047W101 | COMMON STOCK | 96,689.0000 | 2,190,005.85 | .21 |
VAPOTHERM INC | VAPO | 922107107 | COMMON STOCK | 56,590.0000 | 625,885.40 | .06 |
VECTRUS INC | VEC | 92242T101 | COMMON STOCK | 27,063.0000 | 1,378,589.22 | .14 |
VERACYTE INC | VCYT | 92337F107 | COMMON STOCK | 51,422.0000 | 1,476,839.84 | .14 |
VERICEL CORP | 92346J108 | COMMON STOCK | 97,479.0000 | 1,818,958.14 | .18 | |
VIAVI SOLUTIONS INC | VIAV | 925550105 | COMMON STOCK | 249,793.0000 | 3,751,890.86 | .37 |
VIRTUSA CORP | VRTU | 92827P102 | COMMON STOCK | 58,546.0000 | 2,616,420.74 | .26 |
VISTA OUTDOOR INC | VSTO | 928377100 | COMMON STOCK | 98,336.0000 | 814,222.08 | .08 |
WESTERN DIGITAL CORP | WDC | 958102105 | COMMON STOCK | 346,400.0000 | 17,434,312.00 | 1.71 |
WINNEBAGO INDUSTRIES | WGO | 974637100 | COMMON STOCK | 54,014.0000 | 2,567,285.42 | .25 |
XCEL ENERGY INC | XEL | 98389B100 | COMMON STOCK | 113,900.0000 | 7,003,711.00 | .69 |
XILINX INC | XLNX | 983919101 | COMMON STOCK | 154,100.0000 | 14,297,398.00 | 1.40 |
XYLEM INC | XYL | 98419M100 | COMMON STOCK | 77,400.0000 | 5,999,274.00 | .59 |
Y-MABS THERAPEUTICS INC | YMAB | 984241109 | COMMON STOCK | 85,643.0000 | 2,890,451.25 | .28 |
ZIMMER BIOMET HOLDINGS INC | ZBH | 98956P102 | COMMON STOCK | 162,700.0000 | 23,637,056.00 | 2.32 |
ZIONS BANCORP NA | ZION | 989701107 | COMMON STOCK | 232,400.0000 | 11,568,872.00 | 1.13 |
ZYNEX INC | ZYXI | 98986M103 | COMMON STOCK | 86,191.0000 | 905,005.50 | .09 |
As of 11/29/2019.
Distributions
Fund Name | Fund Cusip | Distribution Type | Amount per Share | Ex Date | Reinvest Date | Reinvest Price |
---|---|---|---|---|---|---|
Destinations Small-Mid Cap Equity Fund | 10964R202 | Dividend | 0.054748 | 12/17/2018 | 12/17/2018 | $9.92 |
Destinations Small-Mid Cap Equity Fund | 10964R202 | Short-Term Capital Gains | 0.357012 | 12/17/2018 | 12/17/2018 | $9.92 |
Destinations Small-Mid Cap Equity Fund | 10964R202 | Long-Term Capital Gains | 0.167244 | 12/17/2018 | 12/17/2018 | $9.92 |
Destinations Small-Mid Cap Equity Fund | 10964R202 | Dividend | 0.043013 | 12/15/2017 | 12/15/2017 | $11.02 |
Destinations Small-Mid Cap Equity Fund | 10964R202 | Short-Term Capital Gains | 0.059872 | 12/15/2017 | 12/15/2017 | $11.02 |
Fees and expenses
Type | Amount |
---|---|
Management Fees | 0.90% |
Distribution and Service (12b-1) Fees | None |
Other Expenses | 0.22% |
AFFE | 0.01% |
Total Annual Fund Operating Expenses | 1.13% |
Fee waivers and expense reimbursements | (0.09%) |
Total Annual Fund Operating Expenses Less Fee Waivers and Expense Reimbursements | 1.04%* |
*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.
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.
Z Share Fund performance as of 9/30/2019 | ||||||||||||||
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MTD | QTD | YTD | 1 Year | 3 Years | 5 Years | Since Inception |
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Destinations Small-Mid Cap Equity Fund |
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Russell 2500 Index |
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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.
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.
- Ticker: DSMZX
- CUSIP: 10964R855
- Benchmark: Russell 2500 Index
- Inception date: 07/16/2018
- Gross expense ratio: 0.98%
- Net expense ratio: 0.89%*
Daily NAV | Date: | 12/04/2019 |
-
NAV: $9.94 -
NAV change: $0.09 -
Total assets ($m): $47.9
Management team
-
Jeffrey W. Raupp Chief Investment Officer
Jeffrey W. Raupp, CFA, MBA, is Chief Investment Officer 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 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 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
Z Share Fund performance as of 9/30/2019 | ||||||||||||||||||||
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Annualized | ||||||||||||||||||||
MTD | QTD | YTD | 1 Year | 3 Years | 5 Years | Since Inception |
Inception Date |
Gross expense ratio |
Net expense ratio* |
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Destinations Small-Mid Cap Equity Fund |
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Russell 2500 Index |
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|
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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.
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 Description | Ticker Symbol | Security ID | Security Type Description | Quantity | Base Market Value | Percent TNA |
---|---|---|---|---|---|---|
US DOLLARS | CASHUSD | CURRENCY | 31,619,246.7000 | 31,619,246.70 | 3.10 | |
ONESPAWORLD HOLDINGS LTD | BJY21L2 | COMMON STOCK | 80,641.0000 | 1,316,867.53 | .13 | |
AXIS CAPITAL HOLDINGS LTD | AXS | 2677606 | COMMON STOCK | 82,900.0000 | 4,906,022.00 | .48 |
BANK OF N.T. BUTTERFIELD&SON | NTB | BD8FF02 | COMMON STOCK | 85,949.0000 | 2,969,537.95 | .29 |
MASONITE INTERNATIONAL CORP | DOOR | 575385109 | COMMON STOCK | 22,407.0000 | 1,608,822.60 | .16 |
SILICON MOTION TECHNOL-ADR | SIMO | 82706C108 | COMMON STOCK | 69,287.0000 | 3,069,414.10 | .30 |
ICHOR HOLDINGS LTD | ICHR | BD2B5Y0 | COMMON STOCK | 156,724.0000 | 4,944,642.20 | .48 |
SMART GLOBAL HOLDINGS INC | SGH | BYPBTG4 | COMMON STOCK | 65,994.0000 | 2,032,615.20 | .20 |
WILLIS TOWERS WATSON PLC | WLTW | BDB6Q21 | COMMON STOCK | 74,700.0000 | 14,674,068.00 | 1.44 |
KORNIT DIGITAL LTD | KRNT | BWFRFD7 | COMMON STOCK | 37,396.0000 | 1,275,203.60 | .13 |
MIMECAST LTD | MIME | BYT5JK6 | COMMON STOCK | 29,644.0000 | 1,314,711.40 | .13 |
ROYAL CARIBBEAN CRUISES LTD | RCL | 2754907 | COMMON STOCK | 53,300.0000 | 6,397,066.00 | .63 |
SCORPIO TANKERS INC | BHXD297 | COMMON STOCK | 26,391.0000 | 907,586.49 | .09 | |
CONTROLADORA VUELA CIA-ADR | VLRS | 21240E105 | COMMON STOCK | 77,770.0000 | 812,696.50 | .08 |
ARGENX SE - ADR | ARGX | 04016X101 | COMMON STOCK | 31,902.0000 | 4,723,091.10 | .46 |
CONSTELLIUM SE | CSTM | B9B3DX4 | COMMON STOCK | 188,097.0000 | 2,659,691.58 | .26 |
MERUS NV | MRUS | BZBY005 | COMMON STOCK | 124,500.0000 | 2,051,760.00 | .20 |
LYONDELLBASELL INDU-CL A | LYB | N53745100 | COMMON STOCK | 63,700.0000 | 5,894,798.00 | .58 |
ENDAVA PLC- SPON ADR | DAVA | 29260V105 | COMMON STOCK | 120,552.0000 | 5,740,686.24 | .56 |
ORCHARD THERAPEUTICS PLC | ORTX | 68570P101 | COMMON STOCK | 142,488.0000 | 1,622,938.32 | .16 |
ACTUANT CORP-A | EPAC | 00508X203 | COMMON STOCK | 62,589.0000 | 1,537,185.84 | .15 |
ADESTO TECHNOLOGIES CORP | IOTS | 00687D101 | COMMON STOCK | 145,368.0000 | 1,046,649.60 | .10 |
AFFILIATED MANAGERS GROUP | AMG | 008252108 | COMMON STOCK | 76,300.0000 | 6,513,731.00 | .64 |
AGILENT TECHNOLOGIES INC | A | 00846U101 | COMMON STOCK | 103,200.0000 | 8,335,464.00 | .82 |
ALLAKOS INC | ALLK | 01671P100 | COMMON STOCK | 16,800.0000 | 1,596,000.00 | .16 |
ALLEGHENY TECHNOLOGIES INC | ATI | 01741R102 | COMMON STOCK | 96,192.0000 | 2,218,187.52 | .22 |
ALPHATEC HOLDINGS INC | 02081G201 | COMMON STOCK | 238,641.0000 | 1,682,419.05 | .16 | |
ALTERYX INC - CLASS A | AYX | 02156B103 | COMMON STOCK | 11,675.0000 | 1,325,462.75 | .13 |
ALTRA INDUSTRIAL MOTION CORP | AIMC | 02208R106 | COMMON STOCK | 57,666.0000 | 1,895,481.42 | .19 |
AMERICAN CAMPUS COMMUNITIES | ACC | 024835100 | REIT - Real Estate Invesment Trust | 170,300.0000 | 8,181,212.00 | .80 |
AMERICAN HOMES 4 RENT- A | AMH | 02665T306 | REIT - Real Estate Invesment Trust | 301,200.0000 | 8,045,052.00 | .79 |
AMERICAN WOODMARK CORP | AMWD | 030506109 | COMMON STOCK | 13,228.0000 | 1,361,161.20 | .13 |
AMERICOLD REALTY TRUST | COLD | 03064D108 | REIT - Real Estate Invesment Trust | 40,657.0000 | 1,529,516.34 | .15 |
AMERISOURCEBERGEN CORP | ABC | 03073E105 | COMMON STOCK | 53,300.0000 | 4,685,603.00 | .46 |
APELLIS PHARMACEUTICALS INC | APLS | 03753U106 | COMMON STOCK | 63,340.0000 | 1,702,579.20 | .17 |
ARCHER-DANIELS-MIDLAND CO | ADM | 039483102 | COMMON STOCK | 111,100.0000 | 4,769,523.00 | .47 |
ARCOSA INC | ACA | 039653100 | COMMON STOCK | 59,928.0000 | 2,349,776.88 | .23 |
ASSURANT INC | AIZ | 04621X108 | COMMON STOCK | 25,400.0000 | 3,374,898.00 | .33 |
BJ'S WHOLESALE CLUB HOLDINGS | BJ | 05550J101 | COMMON STOCK | 66,832.0000 | 1,583,918.40 | .16 |
BRP GROUP INC-A | BRP | 05589G102 | COMMON STOCK | 144,027.0000 | 2,480,144.94 | .24 |
BWX TECHNOLOGIES INC | BWXT | 05605H100 | COMMON STOCK | 54,690.0000 | 3,288,509.70 | .32 |
BANC OF CALIFORNIA INC | BANC | 05990K106 | COMMON STOCK | 101,098.0000 | 1,552,865.28 | .15 |
BANKUNITED INC | BKU | 06652K103 | COMMON STOCK | 96,022.0000 | 3,366,531.32 | .33 |
BELDEN INC | BDC | 077454106 | COMMON STOCK | 26,685.0000 | 1,434,051.90 | .14 |
BELLRING BRANDS INC-CLASS A | BRBR | 079823100 | COMMON STOCK | 127,586.0000 | 2,555,547.58 | .25 |
BEST BUY CO INC | BBY | 086516101 | COMMON STOCK | 86,700.0000 | 6,991,488.00 | .69 |
BIOLIFE SOLUTIONS INC | BLFS | 09062W204 | COMMON STOCK | 101,346.0000 | 1,697,545.50 | .17 |
BLACK HILLS CORP | BKH | 092113109 | COMMON STOCK | 25,883.0000 | 1,981,861.31 | .19 |
BLACKSTONE MORTGAGE TRU-CL A | BXMT | 09257W100 | REIT - Real Estate Invesment Trust | 117,279.0000 | 4,295,929.77 | .42 |
BOISE CASCADE CO | BCC | 09739D100 | COMMON STOCK | 33,844.0000 | 1,283,364.48 | .13 |
BOOT BARN HOLDINGS INC | BOOT | 099406100 | COMMON STOCK | 119,614.0000 | 4,763,029.48 | .47 |
BORGWARNER INC | BWA | 099724106 | COMMON STOCK | 155,800.0000 | 6,551,390.00 | .64 |
CMS ENERGY CORP | CMS | 125896100 | COMMON STOCK | 117,800.0000 | 7,221,140.00 | .71 |
CABOT CORP | CBT | 127055101 | COMMON STOCK | 20,856.0000 | 980,023.44 | .10 |
CACI INTERNATIONAL INC -CL A | CACI | 127190304 | COMMON STOCK | 19,344.0000 | 4,629,406.08 | .45 |
CAL-MAINE FOODS INC | CALM | 128030202 | COMMON STOCK | 52,072.0000 | 2,266,694.16 | .22 |
CALLAWAY GOLF COMPANY | ELY | 131193104 | COMMON STOCK | 220,637.0000 | 4,584,836.86 | .45 |
CALLON PETROLEUM CO | CPE | 13123X102 | COMMON STOCK | 257,430.0000 | 939,619.50 | .09 |
CARDLYTICS INC | CDLX | 14161W105 | COMMON STOCK | 81,875.0000 | 4,589,093.75 | .45 |
CARRIZO OIL & GAS INC | CRZO | 144577103 | COMMON STOCK | 114,251.0000 | 732,348.91 | .07 |
CARTER'S INC | CRI | 146229109 | COMMON STOCK | 22,942.0000 | 2,370,138.02 | .23 |
CASELLA WASTE SYSTEMS INC-A | CWST | 147448104 | COMMON STOCK | 34,883.0000 | 1,629,384.93 | .16 |
CASTLE BIOSCIENCES INC | CSTL | 14843C105 | COMMON STOCK | 69,348.0000 | 1,867,541.64 | .18 |
CENTURY COMMUNITIES INC | CCS | 156504300 | COMMON STOCK | 45,276.0000 | 1,290,366.00 | .13 |
CHASERG TECHNOLOGY ACQUISI-A | CTAC | 16166A103 | COMMON STOCK | 150,719.0000 | 1,650,373.05 | .16 |
CIRCOR INTERNATIONAL INC | CIR | 17273K109 | COMMON STOCK | 41,019.0000 | 1,819,602.84 | .18 |
CLEAN HARBORS INC | CLH | 184496107 | COMMON STOCK | 34,078.0000 | 2,816,546.70 | .28 |
COGENT COMMUNICATIONS HOLDIN | CCOI | 19239V302 | COMMON STOCK | 30,754.0000 | 1,927,660.72 | .19 |
COLLEGIUM PHARMACEUTICAL INC | COLL | 19459J104 | COMMON STOCK | 48,887.0000 | 1,062,314.51 | .10 |
COLUMBIA PROPERTY TRUST INC | 198287203 | REIT - Real Estate Invesment Trust | 116,599.0000 | 2,420,595.24 | .24 | |
COLUMBUS MCKINNON CORP/NY | CMCO | 199333105 | COMMON STOCK | 67,034.0000 | 2,753,756.72 | .27 |
CONDUENT INC | CNDT | 206787103 | COMMON STOCK | 239,912.0000 | 1,624,204.24 | .16 |
CONN'S INC | CONN | 208242107 | COMMON STOCK | 34,782.0000 | 762,769.26 | .07 |
COOPER COS INC/THE | COO | 216648402 | COMMON STOCK | 26,200.0000 | 8,202,958.00 | .80 |
CORPORATE OFFICE PROPERTIES | OFC | 22002T108 | REIT - Real Estate Invesment Trust | 86,904.0000 | 2,535,858.72 | .25 |
COUSINS PROPERTIES INC | 222795502 | REIT - Real Estate Invesment Trust | 293,700.0000 | 11,891,913.00 | 1.17 | |
CROCS INC | CROX | 227046109 | COMMON STOCK | 77,625.0000 | 2,709,112.50 | .27 |
CYTOKINETICS INC | 23282W605 | COMMON STOCK | 336,583.0000 | 3,254,757.61 | .32 | |
DMC GLOBAL INC | BOOM | 23291C103 | COMMON STOCK | 23,866.0000 | 1,099,983.94 | .11 |
DARLING INGREDIENTS INC | DAR | 237266101 | COMMON STOCK | 210,530.0000 | 5,010,614.00 | .49 |
DIAMONDBACK ENERGY INC | FANG | 25278X109 | COMMON STOCK | 173,500.0000 | 13,418,490.00 | 1.32 |
DICERNA PHARMACEUTICALS INC | DRNA | 253031108 | COMMON STOCK | 169,999.0000 | 4,090,175.94 | .40 |
DIGITAL TURBINE INC | APPS | 25400W102 | COMMON STOCK | 250,954.0000 | 2,228,471.52 | .22 |
DOUGLAS DYNAMICS INC | PLOW | 25960R105 | COMMON STOCK | 27,222.0000 | 1,472,982.42 | .14 |
DYNEX CAPITAL INC | 26817Q886 | REIT - Real Estate Invesment Trust | 75,999.0000 | 1,283,623.11 | .13 | |
ELF BEAUTY INC | ELF | 26856L103 | COMMON STOCK | 173,719.0000 | 2,878,523.83 | .28 |
EHEALTH INC | EHTH | 28238P109 | COMMON STOCK | 34,072.0000 | 3,143,482.72 | .31 |
EIDOS THERAPEUTICS INC | EIDX | 28249H104 | COMMON STOCK | 30,621.0000 | 1,724,880.93 | .17 |
EMCOR GROUP INC | EME | 29084Q100 | COMMON STOCK | 17,431.0000 | 1,550,138.83 | .15 |
ENERGIZER HOLDINGS INC | ENR | 29272W109 | COMMON STOCK | 266,300.0000 | 13,285,707.00 | 1.30 |
ENPRO INDUSTRIES INC | NPO | 29355X107 | COMMON STOCK | 32,301.0000 | 2,144,463.39 | .21 |
EVERBRIDGE INC | EVBG | 29978A104 | COMMON STOCK | 25,527.0000 | 2,244,844.38 | .22 |
EVERQUOTE INC - CLASS A | EVER | 30041R108 | COMMON STOCK | 78,752.0000 | 2,772,857.92 | .27 |
EXLSERVICE HOLDINGS INC | EXLS | 302081104 | COMMON STOCK | 44,269.0000 | 3,090,418.89 | .30 |
FLIR SYSTEMS INC | FLIR | 302445101 | COMMON STOCK | 113,500.0000 | 6,079,060.00 | .60 |
FNB CORP | FNB | 302520101 | COMMON STOCK | 378,704.0000 | 4,703,503.68 | .46 |
FARO TECHNOLOGIES INC | FARO | 311642102 | COMMON STOCK | 17,449.0000 | 850,115.28 | .08 |
FEDERAL SIGNAL CORP | FSS | 313855108 | COMMON STOCK | 58,210.0000 | 1,917,437.40 | .19 |
FIRST HORIZON NATIONAL CORP | FHN | 320517105 | COMMON STOCK | 165,721.0000 | 2,664,793.68 | .26 |
FIRSTENERGY CORP | FE | 337932107 | COMMON STOCK | 254,900.0000 | 12,156,181.00 | 1.19 |
FIVE9 INC | FIVN | 338307101 | COMMON STOCK | 16,962.0000 | 1,156,299.54 | .11 |
FORD MOTOR CO | F | 345370860 | COMMON STOCK | 575,000.0000 | 5,209,500.00 | .51 |
FORMFACTOR INC | FORM | 346375108 | COMMON STOCK | 86,848.0000 | 2,009,662.72 | .20 |
FRESHPET INC | FRPT | 358039105 | COMMON STOCK | 34,209.0000 | 1,838,391.66 | .18 |
FULGENT GENETICS INC | FLGT | 359664109 | COMMON STOCK | 117,421.0000 | 1,338,599.40 | .13 |
H.B. FULLER CO. | FUL | 359694106 | COMMON STOCK | 39,520.0000 | 1,971,257.60 | .19 |
GMS INC | GMS | 36251C103 | COMMON STOCK | 63,461.0000 | 1,964,752.56 | .19 |
GENERAC HOLDINGS INC | GNRC | 368736104 | COMMON STOCK | 31,277.0000 | 3,080,784.50 | .30 |
GIBRALTAR INDUSTRIES INC | ROCK | 374689107 | COMMON STOCK | 41,111.0000 | 2,146,816.42 | .21 |
GLOBAL BLOOD THERAPEUTICS IN | GBT | 37890U108 | COMMON STOCK | 45,022.0000 | 2,993,963.00 | .29 |
GOOSEHEAD INSURANCE INC -A | GSHD | 38267D109 | COMMON STOCK | 62,042.0000 | 2,513,941.84 | .25 |
WR GRACE & CO | GRA | 38388F108 | COMMON STOCK | 47,318.0000 | 3,162,261.94 | .31 |
H&E EQUIPMENT SERVICES INC | HEES | 404030108 | COMMON STOCK | 59,523.0000 | 1,964,259.00 | .19 |
HAIN CELESTIAL GROUP INC | HAIN | 405217100 | COMMON STOCK | 122,202.0000 | 3,020,833.44 | .30 |
HANOVER INSURANCE GROUP INC/ | THG | 410867105 | COMMON STOCK | 9,637.0000 | 1,309,957.41 | .13 |
HARTFORD FINANCIAL SVCS GRP | HIG | 416515104 | COMMON STOCK | 171,900.0000 | 10,633,734.00 | 1.04 |
HAWAIIAN ELECTRIC INDS | HE | 419870100 | COMMON STOCK | 43,872.0000 | 1,915,890.24 | .19 |
HEALTH SCIENCES ACQUISITIONS | HSAC | 42227C102 | COMMON STOCK | 103,210.0000 | 1,081,640.80 | .11 |
HEARTLAND EXPRESS INC | HTLD | 422347104 | COMMON STOCK | 64,344.0000 | 1,377,605.04 | .14 |
HERCULES CAPITAL INC | HTGC | 427096508 | COMMON STOCK | 251,897.0000 | 3,609,684.01 | .35 |
HEXCEL CORP | HXL | 428291108 | COMMON STOCK | 22,145.0000 | 1,763,406.35 | .17 |
HIBBETT SPORTS INC | HIBB | 428567101 | COMMON STOCK | 63,581.0000 | 1,803,792.97 | .18 |
HILLENBRAND INC | HI | 431571108 | COMMON STOCK | 31,593.0000 | 998,970.66 | .10 |
HOSTESS BRANDS INC | TWNK | 44109J106 | COMMON STOCK | 200,026.0000 | 2,690,349.70 | .26 |
HUMANA INC | HUM | 444859102 | COMMON STOCK | 50,700.0000 | 17,300,361.00 | 1.70 |
HURON CONSULTING GROUP INC | HURN | 447462102 | COMMON STOCK | 51,331.0000 | 3,441,743.55 | .34 |
ICF INTERNATIONAL INC | ICFI | 44925C103 | COMMON STOCK | 21,911.0000 | 1,966,074.03 | .19 |
ITT INC | ITT | 45073V108 | COMMON STOCK | 52,899.0000 | 3,691,292.22 | .36 |
IBERIABANK CORP | IBKC | 450828108 | COMMON STOCK | 53,644.0000 | 3,915,475.56 | .38 |
IDACORP INC | IDA | 451107106 | COMMON STOCK | 21,413.0000 | 2,249,435.65 | .22 |
IMPINJ INC | PI | 453204109 | COMMON STOCK | 96,630.0000 | 3,049,642.80 | .30 |
INGEVITY CORP | NGVT | 45688C107 | COMMON STOCK | 18,037.0000 | 1,628,921.47 | .16 |
INPHI CORP | IPHI | 45772F107 | COMMON STOCK | 53,068.0000 | 3,695,124.84 | .36 |
INSPIRE MEDICAL SYSTEMS INC | INSP | 457730109 | COMMON STOCK | 81,663.0000 | 5,794,806.48 | .57 |
INSTALLED BUILDING PRODUCTS | IBP | 45780R101 | COMMON STOCK | 31,994.0000 | 2,293,969.80 | .22 |
INTEGRA LIFESCIENCES HOLDING | IART | 457985208 | COMMON STOCK | 19,013.0000 | 1,159,602.87 | .11 |
INTERPUBLIC GROUP OF COS INC | IPG | 460690100 | COMMON STOCK | 370,800.0000 | 8,305,920.00 | .81 |
ISHARES S&P MID-CAP ETF | IJH | 464287507 | POOLED INVESTMENTS | 149,959.0000 | 30,156,754.90 | 2.96 |
ISHARES RUSSELL 2000 VALUE E | IWN | 464287630 | POOLED INVESTMENTS | 12,181.0000 | 1,524,086.72 | .15 |
ISHARES CORE S&P SMALL-CAP E | IJR | 464287804 | POOLED INVESTMENTS | 222,860.0000 | 18,232,176.60 | 1.79 |
I3 VERTICALS INC-CLASS A | IIIV | 46571Y107 | COMMON STOCK | 132,224.0000 | 3,612,359.68 | .35 |
KLA CORP | KLAC | 482480100 | COMMON STOCK | 75,900.0000 | 12,436,974.00 | 1.22 |
KADANT INC | KAI | 48282T104 | COMMON STOCK | 15,042.0000 | 1,465,090.80 | .14 |
KELLY SERVICES INC -A | KELYA | 488152208 | COMMON STOCK | 57,875.0000 | 1,268,041.25 | .12 |
KENNAMETAL INC | KMT | 489170100 | COMMON STOCK | 194,100.0000 | 6,760,503.00 | .66 |
KINSALE CAPITAL GROUP INC | KNSL | 49714P108 | COMMON STOCK | 33,201.0000 | 3,361,933.26 | .33 |
KNOLL INC | KNL | 498904200 | COMMON STOCK | 113,121.0000 | 3,117,614.76 | .31 |
KNOWLES CORP | KN | 49926D109 | COMMON STOCK | 111,137.0000 | 2,433,900.30 | .24 |
KORN FERRY | KFY | 500643200 | COMMON STOCK | 56,812.0000 | 2,231,575.36 | .22 |
KRATOS DEFENSE & SECURITY | KTOS | 50077B207 | COMMON STOCK | 47,698.0000 | 861,425.88 | .08 |
LGI HOMES INC | LGIH | 50187T106 | COMMON STOCK | 18,068.0000 | 1,305,774.36 | .13 |
LEXINGTON REALTY TRUST REIT | LXP | 529043101 | REIT - Real Estate Invesment Trust | 144,883.0000 | 1,605,303.64 | .16 |
LIMELIGHT NETWORKS INC | LLNW | 53261M104 | COMMON STOCK | 496,913.0000 | 2,121,818.51 | .21 |
LIVENT CORP | LTHM | 53814L108 | COMMON STOCK | 281,052.0000 | 2,192,205.60 | .21 |
LOUISIANA-PACIFIC CORP | LPX | 546347105 | COMMON STOCK | 153,700.0000 | 4,558,742.00 | .45 |
LOVESAC CO/THE | LOVE | 54738L109 | COMMON STOCK | 55,899.0000 | 853,018.74 | .08 |
MGIC INVESTMENT CORP | MTG | 552848103 | COMMON STOCK | 160,362.0000 | 2,310,816.42 | .23 |
MGM RESORTS INTERNATIONAL | MGM | 552953101 | COMMON STOCK | 74,700.0000 | 2,386,665.00 | .23 |
MACOM TECHNOLOGY SOLUTIONS | MTSI | 55405Y100 | COMMON STOCK | 197,907.0000 | 4,882,365.69 | .48 |
STEVEN MADDEN LTD | SHOO | 556269108 | COMMON STOCK | 36,479.0000 | 1,549,263.13 | .15 |
MANTECH INTERNATIONAL CORP-A | MANT | 564563104 | COMMON STOCK | 47,593.0000 | 3,692,264.94 | .36 |
MARATHON PETROLEUM CORP | MPC | 56585A102 | COMMON STOCK | 126,500.0000 | 7,670,960.00 | .75 |
MATTHEWS INTL CORP-CLASS A | MATW | 577128101 | COMMON STOCK | 38,130.0000 | 1,462,285.50 | .14 |
MEDICAL PROPERTIES TRUST INC | MPW | 58463J304 | REIT - Real Estate Invesment Trust | 486,300.0000 | 10,095,588.00 | .99 |
MERCURY SYSTEMS INC | MRCY | 589378108 | COMMON STOCK | 18,205.0000 | 1,333,516.25 | .13 |
MERITOR INC | MTOR | 59001K100 | COMMON STOCK | 99,665.0000 | 2,516,541.25 | .25 |
META FINANCIAL GROUP INC | CASH | 59100U108 | COMMON STOCK | 89,783.0000 | 3,193,581.31 | .31 |
MICHAELS COS INC/THE | MIK | 59408Q106 | COMMON STOCK | 87,287.0000 | 714,007.66 | .07 |
MIRATI THERAPEUTICS INC | MRTX | 60468T105 | COMMON STOCK | 16,668.0000 | 1,679,634.36 | .16 |
MOTOROLA SOLUTIONS INC | MSI | 620076307 | COMMON STOCK | 88,700.0000 | 14,839,510.00 | 1.45 |
MURPHY USA INC | MUSA | 626755102 | COMMON STOCK | 59,421.0000 | 6,983,750.13 | .68 |
MYOKARDIA INC | MYOK | 62857M105 | COMMON STOCK | 79,343.0000 | 5,169,196.45 | .51 |
NMI HOLDINGS INC-CLASS A | NMIH | 629209305 | COMMON STOCK | 86,764.0000 | 2,912,667.48 | .29 |
NATERA INC | NTRA | 632307104 | COMMON STOCK | 87,804.0000 | 3,203,967.96 | .31 |
NEOGENOMICS INC | NEO | 64049M209 | COMMON STOCK | 94,444.0000 | 2,437,599.64 | .24 |
NEXSTAR MEDIA GROUP INC-CL A | NXST | 65336K103 | COMMON STOCK | 29,295.0000 | 3,155,364.45 | .31 |
NEXPOINT RESIDENTIAL | NXRT | 65341D102 | REIT - Real Estate Invesment Trust | 6,992.0000 | 334,567.20 | .03 |
NLIGHT INC | LASR | 65487K100 | COMMON STOCK | 116,033.0000 | 2,312,537.69 | .23 |
NOBLE ENERGY INC | NBL | 655044105 | COMMON STOCK | 519,200.0000 | 10,778,592.00 | 1.06 |
NUCOR CORP | NUE | 670346105 | COMMON STOCK | 128,500.0000 | 7,242,260.00 | .71 |
ODONATE THERAPEUTICS INC | ODT | 676079106 | COMMON STOCK | 83,104.0000 | 2,857,115.52 | .28 |
OLIN CORP | OLN | 680665205 | COMMON STOCK | 98,458.0000 | 1,724,984.16 | .17 |
OMNICOM GROUP | OMC | 681919106 | COMMON STOCK | 87,100.0000 | 6,922,708.00 | .68 |
ORTHOPEDIATRICS CORP | KIDS | 68752L100 | COMMON STOCK | 105,631.0000 | 4,155,523.54 | .41 |
OWENS-ILLINOIS INC | OI | 690768403 | COMMON STOCK | 118,512.0000 | 1,170,898.56 | .11 |
OXFORD INDUSTRIES INC | OXM | 691497309 | COMMON STOCK | 21,936.0000 | 1,632,477.12 | .16 |
PPG INDUSTRIES INC | PPG | 693506107 | COMMON STOCK | 48,700.0000 | 6,274,508.00 | .62 |
PVH CORP | PVH | 693656100 | COMMON STOCK | 26,100.0000 | 2,530,656.00 | .25 |
PACWEST BANCORP | PACW | 695263103 | COMMON STOCK | 227,700.0000 | 8,479,548.00 | .83 |
PALOMAR HOLDINGS INC | PLMR | 69753M105 | COMMON STOCK | 63,248.0000 | 3,451,443.36 | .34 |
PAPA JOHN'S INTL INC | PZZA | 698813102 | COMMON STOCK | 44,887.0000 | 2,840,449.36 | .28 |
PARKER HANNIFIN CORP | PH | 701094104 | COMMON STOCK | 35,000.0000 | 6,957,650.00 | .68 |
PATRICK INDUSTRIES INC | PATK | 703343103 | COMMON STOCK | 20,209.0000 | 1,000,749.68 | .10 |
PATTERSON COS INC | PDCO | 703395103 | COMMON STOCK | 66,728.0000 | 1,298,526.88 | .13 |
PERFICIENT INC | PRFT | 71375U101 | COMMON STOCK | 106,191.0000 | 4,489,755.48 | .44 |
PERFORMANCE FOOD GROUP CO | PFGC | 71377A103 | COMMON STOCK | 39,276.0000 | 1,848,328.56 | .18 |
PHREESIA INC | PHR | 71944F106 | COMMON STOCK | 67,929.0000 | 1,910,163.48 | .19 |
PINNACLE FINANCIAL PARTNERS | PNFP | 72346Q104 | COMMON STOCK | 220,500.0000 | 13,543,110.00 | 1.33 |
PORTLAND GENERAL ELECTRIC CO | POR | 736508847 | COMMON STOCK | 72,243.0000 | 4,010,208.93 | .39 |
PRESTIGE CONSUMER HEALTHCARE | PBH | 74112D101 | COMMON STOCK | 76,400.0000 | 2,885,628.00 | .28 |
PRINCIPIA BIOPHARMA INC | PRNB | 74257L108 | COMMON STOCK | 43,358.0000 | 1,553,517.14 | .15 |
PROASSURANCE CORP | PRA | 74267C106 | COMMON STOCK | 82,747.0000 | 3,111,287.20 | .30 |
PROGRESSIVE CORP | PGR | 743315103 | COMMON STOCK | 212,900.0000 | 15,552,345.00 | 1.52 |
PUBLIC SERVICE ENTERPRISE GP | PEG | 744573106 | COMMON STOCK | 145,900.0000 | 8,653,329.00 | .85 |
REGAL BELOIT CORP | RBC | 758750103 | COMMON STOCK | 30,301.0000 | 2,476,500.73 | .24 |
REPAY HOLDINGS CORP | RPAY | 76029L100 | COMMON STOCK | 181,537.0000 | 2,510,656.71 | .25 |
REVANCE THERAPEUTICS INC | RVNC | 761330109 | COMMON STOCK | 97,918.0000 | 1,752,732.20 | .17 |
ROCKWELL AUTOMATION INC | ROK | 773903109 | COMMON STOCK | 13,200.0000 | 2,585,088.00 | .25 |
RUBICON PROJECT INC/THE | RUBI | 78112V102 | COMMON STOCK | 373,844.0000 | 3,020,659.52 | .30 |
RUSH ENTERPRISES INC-CL A | RUSHA | 781846209 | COMMON STOCK | 36,213.0000 | 1,659,279.66 | .16 |
SBA COMMUNICATIONS CORP | SBAC | 78410G104 | REIT - Real Estate Invesment Trust | 26,000.0000 | 6,148,220.00 | .60 |
SPX FLOW INC | FLOW | 78469X107 | COMMON STOCK | 67,799.0000 | 3,213,672.60 | .32 |
SRC ENERGY INC | SRCI | 78470V108 | COMMON STOCK | 131,869.0000 | 470,772.33 | .05 |
SVMK INC | SVMK | 78489X103 | COMMON STOCK | 75,124.0000 | 1,282,366.68 | .13 |
SABRE CORP | SABR | 78573M104 | COMMON STOCK | 274,500.0000 | 6,157,035.00 | .60 |
SAIA INC | SAIA | 78709Y105 | COMMON STOCK | 27,655.0000 | 2,624,459.50 | .26 |
SANDERSON FARMS INC | SAFM | 800013104 | COMMON STOCK | 12,900.0000 | 2,135,982.00 | .21 |
SELECT ENERGY SERVICES INC-A | WTTR | 81617J301 | COMMON STOCK | 86,176.0000 | 661,831.68 | .06 |
SEMTECH CORP | SMTC | 816850101 | COMMON STOCK | 22,751.0000 | 1,102,513.46 | .11 |
SEMPRA ENERGY | SRE | 816851109 | COMMON STOCK | 45,400.0000 | 6,686,058.00 | .66 |
SENSIENT TECHNOLOGIES CORP | SXT | 81725T100 | COMMON STOCK | 47,697.0000 | 3,018,743.13 | .30 |
SI-BONE INC | 825704109 | COMMON STOCK | 110,861.0000 | 1,972,217.19 | .19 | |
SILGAN HOLDINGS INC | SLGN | 827048109 | COMMON STOCK | 55,888.0000 | 1,721,909.28 | .17 |
SITIME CORP | 82982T106 | COMMON STOCK | 94,957.0000 | 1,652,251.80 | .16 | |
SKYLINE CHAMPION CORP | SKY | 830830105 | COMMON STOCK | 158,160.0000 | 5,247,748.80 | .51 |
SONIC AUTOMOTIVE INC-CLASS A | SAH | 83545G102 | COMMON STOCK | 93,056.0000 | 3,047,584.00 | .30 |
SPECTRUM BRANDS HOLDINGS INC | 84790A105 | COMMON STOCK | 27,935.0000 | 1,746,496.20 | .17 | |
SPIRIT AEROSYSTEMS HOLD-CL A | SPR | 848574109 | COMMON STOCK | 75,700.0000 | 6,585,143.00 | .65 |
SPORTSMAN'S WAREHOUSE HOLDIN | SPWH | 84920Y106 | COMMON STOCK | 204,812.0000 | 1,497,175.72 | .15 |
SPRINGWORKS THERAPEUTICS INC | SWTX | 85205L107 | COMMON STOCK | 54,811.0000 | 1,250,238.91 | .12 |
STANDEX INTERNATIONAL CORP | SXI | 854231107 | COMMON STOCK | 31,678.0000 | 2,444,908.04 | .24 |
STERLING BANCORP/DE | 85917A100 | COMMON STOCK | 249,148.0000 | 5,087,602.16 | .50 | |
SUTRO BIOPHARMA INC | STRO | 869367102 | COMMON STOCK | 38,856.0000 | 430,524.48 | .04 |
TCF FINANCIAL CORP | TCF | 872307103 | COMMON STOCK | 10,761.0000 | 457,234.89 | .04 |
TACTILE SYSTEMS TECHNOLOGY I | TCMD | 87357P100 | COMMON STOCK | 30,265.0000 | 1,943,315.65 | .19 |
TANDEM DIABETES CARE INC | TNDM | 875372203 | COMMON STOCK | 31,133.0000 | 2,149,110.99 | .21 |
TEAM INC | TISI | 878155100 | COMMON STOCK | 170,365.0000 | 2,754,802.05 | .27 |
TELARIA INC | TLRA | 879181105 | COMMON STOCK | 437,631.0000 | 3,649,842.54 | .36 |
TREEHOUSE FOODS INC | THS | 89469A104 | COMMON STOCK | 90,158.0000 | 4,407,824.62 | .43 |
TRICIDA INC | TCDA | 89610F101 | COMMON STOCK | 57,871.0000 | 2,312,525.16 | .23 |
TRIMAS CORP | TRS | 896215209 | COMMON STOCK | 63,090.0000 | 1,954,528.20 | .19 |
TRISTATE CAPITAL HLDGS INC | TSC | 89678F100 | COMMON STOCK | 48,536.0000 | 1,176,027.28 | .12 |
TRIUMPH BANCORP INC | TBK | 89679E300 | COMMON STOCK | 44,282.0000 | 1,587,952.52 | .16 |
TURNING POINT THERAPEUTICS I | TPTX | 90041T108 | COMMON STOCK | 32,200.0000 | 1,810,284.00 | .18 |
TWIST BIOSCIENCE CORP | TWST | 90184D100 | COMMON STOCK | 79,533.0000 | 1,895,271.39 | .19 |
ULTRA CLEAN HOLDINGS INC | UCTT | 90385V107 | COMMON STOCK | 104,345.0000 | 2,320,632.80 | .23 |
UNIVEST FINANCIAL CORP | UVSP | 915271100 | COMMON STOCK | 96,262.0000 | 2,513,400.82 | .25 |
VALVOLINE INC | VVV | 92047W101 | COMMON STOCK | 96,689.0000 | 2,190,005.85 | .21 |
VAPOTHERM INC | VAPO | 922107107 | COMMON STOCK | 56,590.0000 | 625,885.40 | .06 |
VECTRUS INC | VEC | 92242T101 | COMMON STOCK | 27,063.0000 | 1,378,589.22 | .14 |
VERACYTE INC | VCYT | 92337F107 | COMMON STOCK | 51,422.0000 | 1,476,839.84 | .14 |
VERICEL CORP | 92346J108 | COMMON STOCK | 97,479.0000 | 1,818,958.14 | .18 | |
VIAVI SOLUTIONS INC | VIAV | 925550105 | COMMON STOCK | 249,793.0000 | 3,751,890.86 | .37 |
VIRTUSA CORP | VRTU | 92827P102 | COMMON STOCK | 58,546.0000 | 2,616,420.74 | .26 |
VISTA OUTDOOR INC | VSTO | 928377100 | COMMON STOCK | 98,336.0000 | 814,222.08 | .08 |
WESTERN DIGITAL CORP | WDC | 958102105 | COMMON STOCK | 346,400.0000 | 17,434,312.00 | 1.71 |
WINNEBAGO INDUSTRIES | WGO | 974637100 | COMMON STOCK | 54,014.0000 | 2,567,285.42 | .25 |
XCEL ENERGY INC | XEL | 98389B100 | COMMON STOCK | 113,900.0000 | 7,003,711.00 | .69 |
XILINX INC | XLNX | 983919101 | COMMON STOCK | 154,100.0000 | 14,297,398.00 | 1.40 |
XYLEM INC | XYL | 98419M100 | COMMON STOCK | 77,400.0000 | 5,999,274.00 | .59 |
Y-MABS THERAPEUTICS INC | YMAB | 984241109 | COMMON STOCK | 85,643.0000 | 2,890,451.25 | .28 |
ZIMMER BIOMET HOLDINGS INC | ZBH | 98956P102 | COMMON STOCK | 162,700.0000 | 23,637,056.00 | 2.32 |
ZIONS BANCORP NA | ZION | 989701107 | COMMON STOCK | 232,400.0000 | 11,568,872.00 | 1.13 |
ZYNEX INC | ZYXI | 98986M103 | COMMON STOCK | 86,191.0000 | 905,005.50 | .09 |
As of 11/29/2019.
Distributions
Fund Name | Fund Cusip | Distribution Type | Amount per Share | Ex Date | Reinvest Date | Reinvest Price |
---|---|---|---|---|---|---|
Destinations Small-Mid Cap Equity Fund | 10964R855 | Dividend | 0.068391 | 12/17/2018 | 12/17/2018 | $8.06 |
Destinations Small-Mid Cap Equity Fund | 10964R855 | Short-Term Capital Gains | 0.357012 | 12/17/2018 | 12/17/2018 | $8.06 |
Destinations Small-Mid Cap Equity Fund | 10964R855 | Long-Term Capital Gains | 0.167244 | 12/17/2018 | 12/17/2018 | $8.06 |
Fees and expenses
Type | Amount |
---|---|
Management Fees | 0.90% |
Distribution and Service (12b-1) Fees | None |
Other Expenses | 0.07% |
AFFE | 0.01% |
Total Annual Fund Operating Expenses | 0.98% |
Fee waivers and expense reimbursements | (0.09%) |
Total Annual Fund Operating Expenses Less Fee Waivers and Expense Reimbursements | 0.89%* |
*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.

1-877-771-7979
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
Brinker Capital, Inc.
1055 Westlakes Drive, Suite 250
Berwyn, PA 19312
www.brinkercapital.com
Foreside Fund Services, LLC
Three Canal Plaza, Suite 100
Portland, ME 04101
www.foreside.com
marketingmembers@brinkercapital.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.