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 and Driehaus Small Cap Growth, which focus on micro and small cap companies with company-specific growth inflection points.
Leeward Investments, LLC is the sub-adviser of the Leeward 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 6/30/23

Annualized

MTD

QTD

YTD

1 Year

3 Years

5 Years

Since
Inception

Destinations Small-Mid Cap Equity Fund

8.03%

5.28%

5.84%

13.26%

14.20%

8.52%

9.90%

Russell Mid Cap Index

8.34%

4.76%

9.01%

14.86%

12.45%

8.43%

9.10%

Russell 2000 Index

8.13%

5.21%

8.09%

12.26%

10.78%

4.19%

6.46%

Russell Mid Cap Index: A market cap-weighted index that measures the performance of the mid-cap segment of the US equity universe and includes approximately 800 of the smallest companies in the Russell 1000 Index based on market capitalization.

Russell 2000 Index: A market cap-weighted index that measures the small-cap segment of the US equity universe and includes approximately 2,000 of the smallest securities in the Russell 3000 Index based on market capitalization.

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 Mid Cap Index, Russell 2000 Index
Inception date: 03/20/2017
Gross expense ratio: 1.13%
Net expense ratio: 1.12%*

Daily NAV

Date:

09/22/2023

NAV:
$11.36
NAV change:
-$0.03
Total assets ($m):
$718.6

Quick links

Management team

Brian Storey CFA, Deputy CIO of Destinations Portfolios, Brinker Capital Investments
Brian Storey is a senior portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he has portfolio management responsibilities for Brinker Capital’s Destinations program. Brian is involved in all aspects of the investment process for these multi-asset class portfolio solutions, including asset allocation, portfolio construction, manager research, and due diligence.
Prior to joining Brinker Capital, Brian was a Senior Portfolio Manager at First Citizens Bank where he oversaw portfolio construction for the globally-diversified investment strategies utilized by the firm’s private wealth and institutional clients. Previously, he served in various leadership and operational roles during his five years as an officer in the U.S. Coast Guard.
Brian graduated from the United States Coast Guard Academy with a Bachelor of Science in management and earned his Master of Business Administration from Duke University’s Fuqua School of Business where he graduated as a Fuqua scholar. Brian is a CFA® charterholder and holds the FINRA Series 65 license. He is a member of the CFA® Institute and the CFA® Society North Carolina.
Andrew Goins Andrew Goins, CFA, Senior Portfolio Manager
Andrew Goins is a senior portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he has portfolio management responsibilities for Brinker Capital’s Destinations program. Andrew is involved in all aspects of the investment process for these multi-asset class portfolio solutions, including asset allocation, portfolio construction, manager research, and due diligence. Andrew first joined Brinker Capital in 2010. He held several roles focusing on manager research and due diligence as well as managing multi-asset class portfolios before moving into a senior portfolio manager role in 2023.
Prior to joining Brinker Capital, Andrew was an investment management analyst at Budros, Ruhlin & Roe, an independent RIA in Columbus, OH. Andrew graduated from The Ohio State University with a Bachelor of Science in Business Administration. Andrew is a CFA® charterholder and holds the FINRA Series 7 license. He is a member of the CFA® Institute and the CFA® Society North Carolina.

Performance

I Share Fund performance as of 6/30/23

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

8.03%

5.28%

5.84%

13.26%

14.20%

8.52%

9.90%

3/20/2017

1.13%

1.12%

Russell Mid Cap Index

8.34%

4.76%

9.01%

14.86%

12.45%

8.43%

9.10%

Russell 2000 Index

8.13%

5.21%

8.09%

12.26%

10.78%

4.19%

6.46%

Holdings

Security Description	Ticker Symbol	Security ID	Security Type Description	Quantity	Base Market Value	Percent TNA
US DOLLARS		CASHUSD	CURRENCY	21,203,096.3700	21,203,096.37	2.51
ONESPAWORLD HOLDINGS LTD		BJY21L2	COMMON STOCK	245,691.0000	2,810,705.04	.33
KINIKSA PHARMACEUTICALS-A	KNSA	BD0MGM0	COMMON STOCK	62,302.0000	1,073,463.46	.13
AXALTA COATING SYSTEMS LTD	AXTA	BSFWCF5	COMMON STOCK	117,072.0000	3,313,137.60	.39
CAMECO CORP	CCJ	13321L108	COMMON STOCK	17,186.0000	635,882.00	.08
CELESTICA INC	CLS	15101Q108	COMMON STOCK	11,039.0000	257,319.09	.03
MASONITE INTERNATIONAL CORP	DOOR	575385109	COMMON STOCK	30,574.0000	3,140,255.54	.37
XENON PHARMACEUTICALS INC	XENE	98420N105	COMMON STOCK	150,445.0000	5,864,346.10	.70
STRUCTURE THERAPEUTICS INC		86366E106	COMMON STOCK	92,474.0000	2,606,842.06	.31
FABRINET	FN	B4JSZL8	COMMON STOCK	680.0000	109,323.60	.01
TECNOGLASS INC	TGLS	BHCVTN5	COMMON STOCK	37,674.0000	1,468,155.78	.17
CREDO TECHNOLOGY GROUP HOLDI	CRDO	BLD13F2	COMMON STOCK	65,261.0000	1,074,196.06	.13
FTAI AVIATION LTD	FTAI	BLKFTK4	COMMON STOCK	97,684.0000	3,610,400.64	.43
SMART GLOBAL HOLDINGS INC	SGH	BYPBTG4	COMMON STOCK	86,254.0000	2,227,940.82	.26
EDAP TMS SA -ADR	EDAP	268311107	COMMON STOCK	98,505.0000	792,965.25	.09
GENIUS SPORTS LTD	GENI	BMF1JR1	COMMON STOCK	181,960.0000	1,208,214.40	.14
WILLIS TOWERS WATSON PLC	WTW	BDB6Q21	COMMON STOCK	32,700.0000	6,761,052.00	.80
WEATHERFORD INTERNATIONAL PL	WFRD	BLNN369	COMMON STOCK	3,585.0000	317,344.20	.04
PERION NETWORK LTD	PERI	B0XWL09	COMMON STOCK	87,983.0000	2,920,155.77	.35
MONDAY.COM LTD	MNDY	BMHRYX8	COMMON STOCK	3,281.0000	582,180.64	.07
CYBERARK SOFTWARE LTD/ISRAEL	CYBR	BQT3XY6	COMMON STOCK	997.0000	165,541.88	.02
CAMTEK LTD	CAMT	M20791105	COMMON STOCK	56,259.0000	3,392,417.70	.40
GAMBLING.COM GROUP LTD		G3R239101	COMMON STOCK	86,652.0000	1,228,725.36	.15
MERUS NV	MRUS	BZBY005	COMMON STOCK	93,778.0000	2,097,813.86	.25
TRANSOCEAN LTD	RIG	B3KFWW1	COMMON STOCK	35,582.0000	291,060.76	.03
GATES INDUSTRIAL CORP PLC	GTES	BD9G2S1	COMMON STOCK	152,696.0000	1,875,106.88	.22
TECHNIPFMC PLC		BDSFG98	COMMON STOCK	28,463.0000	541,935.52	.06
NOBLE CORP PLC		BN2QTL0	COMMON STOCK	4,280.0000	225,727.20	.03
AAON INC	AAON	000360206	COMMON STOCK	5,188.0000	327,155.28	.04
AAR CORP	AIR	000361105	COMMON STOCK	47,121.0000	2,902,653.60	.34
ADMA BIOLOGICS INC	ADMA	000899104	COMMON STOCK	310,622.0000	1,195,894.70	.14
ACV AUCTIONS INC-A		00091G104	COMMON STOCK	113,131.0000	1,901,732.11	.23
ABERCROMBIE & FITCH CO-CL A	ANF	002896207	COMMON STOCK	39,858.0000	2,142,367.50	.25
ACELYRIN INC	SLRN	00445A100	COMMON STOCK	97,335.0000	2,465,495.55	.29
AEHR TEST SYSTEMS	AEHR	00760J108	COMMON STOCK	119,138.0000	6,077,229.38	.72
AEROVATE THERAPEUTICS INC	AVTE	008064107	COMMON STOCK	37,597.0000	597,416.33	.07
AGILYSYS INC	AGYS	00847J105	COMMON STOCK	41,727.0000	2,943,631.22	.35
ATI INC	ATI	01741R102	COMMON STOCK	93,518.0000	4,239,170.94	.50
ALLSTATE CORP	ALL	020002101	COMMON STOCK	79,100.0000	8,527,771.00	1.01
ALPHATEC HOLDINGS INC		02081G201	COMMON STOCK	205,063.0000	3,352,780.05	.40
AMEDISYS INC	AMED	023436108	COMMON STOCK	33,583.0000	3,148,406.25	.37
AMEREN CORPORATION	AEE	023608102	COMMON STOCK	70,800.0000	5,612,316.00	.67
AMERICAN EAGLE OUTFITTERS	AEO	02553E106	COMMON STOCK	102,439.0000	1,737,365.44	.21
AMERICAN HOMES 4 RENT- A	AMH	02665T306	REIT - Real Estate Invesment Trust	145,400.0000	5,240,216.00	.62
AMERICOLD REALTY TRUST INC	COLD	03064D108	REIT - Real Estate Invesment Trust	164,100.0000	5,521,965.00	.65
APELLIS PHARMACEUTICALS INC	APLS	03753U106	COMMON STOCK	1,949.0000	82,267.29	.01
APOGEE THERAPEUTICS INC	APGE	03770N101	COMMON STOCK	52,452.0000	1,203,248.88	.14
APPFOLIO INC - A	APPF	03783C100	COMMON STOCK	1,818.0000	350,455.86	.04
APPLIED INDUSTRIAL TECH INC	AIT	03820C105	COMMON STOCK	2,652.0000	409,389.24	.05
APPLIED OPTOELECTRONICS INC	AAOI	03823U102	COMMON STOCK	170,693.0000	2,350,442.61	.28
ARCOSA INC	ACA	039653100	COMMON STOCK	3,075.0000	240,526.50	.03
ARHAUS INC		04035M102	COMMON STOCK	155,654.0000	1,540,974.60	.18
ARLO TECHNOLOGIES INC	ARLO	04206A101	COMMON STOCK	259,663.0000	2,536,907.51	.30
ASHLAND INC	ASH	044186104	COMMON STOCK	48,100.0000	4,166,903.00	.49
ASTRIA THERAPEUTICS INC		04635X102	COMMON STOCK	79,375.0000	706,437.50	.08
ATKORE INC	ATKR	047649108	COMMON STOCK	1,400.0000	215,558.00	.03
ATRICURE INC	ATRC	04963C209	COMMON STOCK	1,532.0000	69,169.80	.01
AVERY DENNISON CORP	AVY	053611109	COMMON STOCK	30,100.0000	5,670,238.00	.67
AVIAT NETWORKS INC	AVNW	05366Y201	COMMON STOCK	12,234.0000	431,126.16	.05
AVITA MEDICAL INC	RCEL	05380C102	COMMON STOCK	35,434.0000	577,574.20	.07
AXCELIS TECHNOLOGIES INC	ACLS	054540208	COMMON STOCK	22,897.0000	4,399,658.55	.52
AXON ENTERPRISE INC	AXON	05464C101	COMMON STOCK	1,843.0000	392,393.13	.05
AXSOME THERAPEUTICS INC	AXSM	05464T104	COMMON STOCK	2,676.0000	216,220.80	.03
AXONICS INC	AXNX	05465P101	COMMON STOCK	2,363.0000	135,399.90	.02
AZEK CO INC/THE	AZEK	05478C105	COMMON STOCK	102,991.0000	3,502,723.91	.42
BWX TECHNOLOGIES INC	BWXT	05605H100	COMMON STOCK	52,897.0000	3,901,682.72	.46
BADGER METER INC	BMI	056525108	COMMON STOCK	1,787.0000	296,784.96	.04
BAKER HUGHES CO	BKR	05722G100	COMMON STOCK	80,400.0000	2,909,676.00	.34
BANCORP INC/THE	TBBK	05969A105	COMMON STOCK	69,376.0000	2,546,792.96	.30
BEAZER HOMES USA INC	BZH	07556Q881	COMMON STOCK	33,897.0000	993,521.07	.12
BELDEN INC	BDC	077454106	COMMON STOCK	25,986.0000	2,440,085.40	.29
BELLRING BRANDS INC	BRBR	07831C103	COMMON STOCK	11,317.0000	469,655.50	.06
BEST BUY CO INC	BBY	086516101	COMMON STOCK	27,900.0000	2,132,955.00	.25
BIOMEA FUSION INC	BMEA	09077A106	COMMON STOCK	49,478.0000	834,693.86	.10
BLACK HILLS CORP	BKH	092113109	COMMON STOCK	35,527.0000	1,953,985.00	.23
BLUE BIRD CORP	BLBD	095306106	COMMON STOCK	68,629.0000	1,499,543.65	.18
CMS ENERGY CORP	CMS	125896100	COMMON STOCK	99,600.0000	5,596,524.00	.66
CABOT CORP	CBT	127055101	COMMON STOCK	24,482.0000	1,773,965.72	.21
CACI INTERNATIONAL INC -CL A	CACI	127190304	COMMON STOCK	10,671.0000	3,500,194.71	.41
CACTUS INC - A	WHD	127203107	COMMON STOCK	59,646.0000	3,181,517.64	.38
TOPGOLF CALLAWAY BRANDS CORP	MODG	131193104	COMMON STOCK	140,171.0000	2,444,582.24	.29
CAPITAL ONE FINANCIAL CORP	COF	14040H105	COMMON STOCK	44,900.0000	4,597,311.00	.54
CARLISLE COS INC	CSL	142339100	COMMON STOCK	13,900.0000	3,655,978.00	.43
CARPENTER TECHNOLOGY	CRS	144285103	COMMON STOCK	5,603.0000	350,915.89	.04
CARTER'S INC	CRI	146229109	COMMON STOCK	12,962.0000	927,690.34	.11
CAVA GROUP INC		148929102	COMMON STOCK	3,084.0000	136,960.44	.02
CELSIUS HOLDINGS INC	CELH	15118V207	COMMON STOCK	17,402.0000	3,411,488.08	.40
CENTERPOINT ENERGY INC	CNP	15189T107	COMMON STOCK	205,700.0000	5,736,973.00	.68
CENTURY COMMUNITIES INC	CCS	156504300	COMMON STOCK	19,402.0000	1,440,598.50	.17
CHAMPIONX CORP	CHX-W	15872M104	COMMON STOCK	104,216.0000	3,761,155.44	.45
CHART INDUSTRIES INC	GTLS	16115Q308	COMMON STOCK	3,257.0000	588,149.06	.07
CHEESECAKE FACTORY INC/THE	CAKE	163072101	COMMON STOCK	48,094.0000	1,531,793.90	.18
CHESAPEAKE ENERGY CORP	CHK	165167735	COMMON STOCK	81,800.0000	7,215,578.00	.86
CHIMERA INVESTMENT CORP		16934Q208	REIT - Real Estate Invesment Trust	367,475.0000	2,223,223.75	.26
CIRCOR INTERNATIONAL INC	CIR	17273K109	COMMON STOCK	40,694.0000	2,266,248.86	.27
CITY HOLDING CO	CHCO	177835105	COMMON STOCK	18,548.0000	1,694,545.28	.20
CIVITAS RESOURCES INC		17888H103	COMMON STOCK	49,576.0000	4,076,138.72	.48
CLEAN HARBORS INC	CLH	184496107	COMMON STOCK	25,429.0000	4,306,146.86	.51
CLOROX COMPANY	CLX	189054109	COMMON STOCK	21,800.0000	3,410,610.00	.40
COLUMBIA BANKING SYSTEM INC	COLB	197236102	COMMON STOCK	194,348.0000	3,980,247.04	.47
COMFORT SYSTEMS USA INC	FIX	199908104	COMMON STOCK	2,457.0000	453,488.49	.05
CORE & MAIN INC-CLASS A		21874C102	COMMON STOCK	12,277.0000	403,176.68	.05
QUIDELORTHO CORP		219798105	COMMON STOCK	26,222.0000	2,159,643.92	.26
CORPORATE OFFICE PROPERTIES	OFC	22002T108	REIT - Real Estate Invesment Trust	97,141.0000	2,514,009.08	.30
COUCHBASE INC	BASE	22207T101	COMMON STOCK	32,438.0000	554,689.80	.07
CRINETICS PHARMACEUTICALS IN	CRNX	22663K107	COMMON STOCK	187,200.0000	3,242,304.00	.38
CUTERA INC	CUTR	232109108	COMMON STOCK	36,885.0000	419,751.30	.05
DAY ONE BIOPHARMACEUTICALS I	DAWN	23954D109	COMMON STOCK	60,369.0000	814,377.81	.10
DELL TECHNOLOGIES -C	DELL	24703L202	COMMON STOCK	75,300.0000	4,234,872.00	.50
DIAMOND OFFSHORE DRILLING IN	DO	25271C201	COMMON STOCK	122,925.0000	1,827,894.75	.22
DIGI INTERNATIONAL INC	DGII	253798102	COMMON STOCK	68,287.0000	2,279,420.06	.27
DORMAN PRODUCTS INC	DORM	258278100	COMMON STOCK	29,224.0000	2,411,272.24	.29
DOVER CORP	DOV	260003108	COMMON STOCK	32,800.0000	4,864,240.00	.58
DUCKHORN PORTFOLIO INC/THE		26414D106	COMMON STOCK	43,630.0000	542,757.20	.06
DUOLINGO		26603R106	COMMON STOCK	1,458.0000	214,559.28	.03
DYNAVAX TECHNOLOGIES CORP	DVAX	268158201	COMMON STOCK	200,622.0000	2,880,931.92	.34
ELF BEAUTY INC	ELF	26856L103	COMMON STOCK	53,513.0000	7,422,788.23	.88
89BIO INC	ETNB	282559103	COMMON STOCK	53,436.0000	915,893.04	.11
EMCOR GROUP INC	EME	29084Q100	COMMON STOCK	23,591.0000	5,290,281.75	.63
EMERSON ELECTRIC CO	EMR	291011104	COMMON STOCK	40,400.0000	3,969,300.00	.47
ENCOMPASS HEALTH CORP	EHC	29261A100	COMMON STOCK	67,371.0000	4,786,035.84	.57
ENERGY RECOVERY INC	ERII	29270J100	COMMON STOCK	67,615.0000	1,837,775.70	.22
ENERPAC TOOL GROUP CORP	EPAC	292765104	COMMON STOCK	62,718.0000	1,643,211.60	.19
ENPRO INDUSTRIES INC	NPO	29355X107	COMMON STOCK	27,789.0000	3,790,141.71	.45
ENOVIX CORP	ENVX	293594107	COMMON STOCK	180,894.0000	2,492,719.32	.30
ENVISTA HOLDINGS CORP	NVST	29415F104	COMMON STOCK	76,666.0000	2,454,845.32	.29
EQUIFAX INC	EFX	294429105	COMMON STOCK	38,700.0000	7,999,290.00	.95
ESAB CORP	ESAB	29605J106	COMMON STOCK	2,946.0000	212,612.82	.03
EVENTBRITE INC-CLASS A	EB	29975E109	COMMON STOCK	143,853.0000	1,457,230.89	.17
EVERCORE INC - A	EVR	29977A105	COMMON STOCK	1,202.0000	168,340.10	.02
EVOLV TECHNOLOGIES HOLDINGS	EVLV	30049H102	COMMON STOCK	101,153.0000	707,059.47	.08
EXELON CORP	EXC	30161N101	COMMON STOCK	153,400.0000	6,154,408.00	.73
EXLSERVICE HOLDINGS INC	EXLS	302081104	COMMON STOCK	75,995.0000	2,221,333.85	.26
EXTRA SPACE STORAGE INC	EXR	30225T102	REIT - Real Estate Invesment Trust	55,000.0000	7,077,400.00	.84
EXTREME NETWORKS INC	EXTR	30226D106	COMMON STOCK	58,277.0000	1,599,703.65	.19
FLYWIRE CORP-VOTING	FLYW	302492103	COMMON STOCK	94,504.0000	3,267,948.32	.39
FTI CONSULTING INC	FCN	302941109	COMMON STOCK	782.0000	145,311.24	.02
FASTLY INC - CLASS A	FSLY	31188V100	COMMON STOCK	183,627.0000	4,368,486.33	.52
FEDERAL SIGNAL CORP	FSS	313855108	COMMON STOCK	56,820.0000	3,463,179.00	.41
FIDELITY NATIONAL FINANCIAL	FNF	31620R303	COMMON STOCK	72,000.0000	2,980,800.00	.35
FIRST AMERICAN FINANCIAL	FAF	31847R102	COMMON STOCK	48,337.0000	2,981,426.16	.35
FIRST CITIZENS BCSHS -CL A	FCNCA	31946M103	COMMON STOCK	5,200.0000	7,074,080.00	.84
FIRST INTERSTATE BANCSYS-A	FIBK	32055Y201	COMMON STOCK	137,237.0000	3,555,810.67	.42
FIRST WATCH RESTAURANT GROUP	FWRG	33748L101	COMMON STOCK	79,236.0000	1,514,992.32	.18
FIVE9 INC	FIVN	338307101	COMMON STOCK	2,048.0000	148,213.76	.02
FLUOR CORP	FLR	343412102	COMMON STOCK	4,997.0000	174,845.03	.02
FLUENCE ENERGY INC	FLNC	34379V103	COMMON STOCK	54,975.0000	1,448,591.25	.17
FORTIVE CORP	FTV	34959J108	COMMON STOCK	48,600.0000	3,832,110.00	.45
FREEPORT-MCMORAN INC	FCX	35671D857	COMMON STOCK	103,200.0000	4,118,712.00	.49
FRESHPET INC	FRPT	358039105	COMMON STOCK	2,611.0000	197,156.61	.02
GMS INC	GMS	36251C103	COMMON STOCK	12,806.0000	887,968.04	.11
GENERAL DYNAMICS CORP	GD	369550108	COMMON STOCK	25,100.0000	5,688,664.00	.67
GENUINE PARTS CO	GPC	372460105	COMMON STOCK	28,400.0000	4,365,932.00	.52
GENTHERM INC	THRM	37253A103	COMMON STOCK	16,265.0000	979,315.65	.12
GLAUKOS CORP	GKOS	377322102	COMMON STOCK	3,999.0000	300,484.86	.04
GLOBAL PAYMENTS INC	GPN	37940X102	COMMON STOCK	29,300.0000	3,712,017.00	.44
GOODYEAR TIRE & RUBBER CO	GT	382550101	COMMON STOCK	98,811.0000	1,275,650.01	.15
GREEN PLAINS INC	GPRE	393222104	COMMON STOCK	38,575.0000	1,197,368.00	.14
HAIN CELESTIAL GROUP INC	HAIN	405217100	COMMON STOCK	86,610.0000	917,199.90	.11
HALOZYME THERAPEUTICS INC	HALO	40637H109	COMMON STOCK	3,609.0000	153,599.04	.02
HANOVER INSURANCE GROUP INC/	THG	410867105	COMMON STOCK	23,538.0000	2,511,975.36	.30
HARMONIC INC	HLIT	413160102	COMMON STOCK	411,613.0000	4,396,026.84	.52
HARROW HEALTH INC	HROW	415858109	COMMON STOCK	71,221.0000	1,080,422.57	.13
ENVIRI CORP	NVRI	415864107	COMMON STOCK	98,085.0000	730,733.25	.09
HARTFORD FINANCIAL SVCS GRP	HIG	416515104	COMMON STOCK	74,100.0000	5,321,862.00	.63
HAYWARD HOLDINGS INC	HAYW	421298100	COMMON STOCK	22,585.0000	334,258.00	.04
HESS CORP	HES	42809H107	COMMON STOCK	55,500.0000	8,574,750.00	1.02
HEXCEL CORP	HXL	428291108	COMMON STOCK	33,246.0000	2,436,931.80	.29
HOSTESS BRANDS INC	TWNK	44109J106	COMMON STOCK	80,073.0000	2,280,479.04	.27
HOWMET AEROSPACE INC	HWM	443201108	COMMON STOCK	87,200.0000	4,313,784.00	.51
HUDSON TECHNOLOGIES INC	HDSN	444144109	COMMON STOCK	77,115.0000	930,006.90	.11
HUMANA INC	HUM	444859102	COMMON STOCK	16,300.0000	7,524,569.00	.89
HURON CONSULTING GROUP INC	HURN	447462102	COMMON STOCK	86,434.0000	8,639,078.30	1.02
ITT INC	ITT	45073V108	COMMON STOCK	44,290.0000	4,529,981.20	.54
IDACORP INC	IDA	451107106	COMMON STOCK	28,598.0000	2,740,832.32	.32
IDEAYA BIOSCIENCES INC	IDYA	45166A102	COMMON STOCK	75,280.0000	2,210,220.80	.26
IDEX CORP	IEX	45167R104	COMMON STOCK	21,700.0000	4,912,880.00	.58
IMMUNOGEN INC	IMGN	45253H101	COMMON STOCK	178,105.0000	2,821,183.20	.33
INDEPENDENT BANK CORP/MA	INDB	453836108	COMMON STOCK	54,700.0000	2,954,894.00	.35
INGEVITY CORP	NGVT	45688C107	COMMON STOCK	62,050.0000	3,343,874.50	.40
INGREDION INCORPORATED	INGR	457187102	COMMON STOCK	28,972.0000	2,981,508.52	.35
INNOSPEC INC	IOSP	45768S105	COMMON STOCK	14,664.0000	1,575,206.88	.19
INSPIRE MEDICAL SYSTEMS INC	INSP	457730109	COMMON STOCK	4,998.0000	1,133,946.24	.13
INSTALLED BUILDING PRODUCTS	IBP	45780R101	COMMON STOCK	21,066.0000	3,048,882.18	.36
INTEGRA LIFESCIENCES HOLDING	IART	457985208	COMMON STOCK	81,220.0000	3,455,098.80	.41
INTEGRAL AD SCIENCE HOLDING		45828L108	COMMON STOCK	6,485.0000	92,540.95	.01
INTER PARFUMS INC	IPAR	458334109	COMMON STOCK	1,618.0000	226,083.14	.03
IRIDIUM COMMUNICATIONS INC	IRDM	46269C102	COMMON STOCK	2,816.0000	137,843.20	.02
IRONWOOD PHARMACEUTICALS INC	IRWD	46333X108	COMMON STOCK	55,073.0000	484,642.40	.06
ISHARES RUSSELL MID-CAP ETF	IWR	464287499	POOLED INVESTMENTS	77,008.0000	5,641,606.08	.67
ISHARES RUSSELL 2000 ETF	IWM	464287655	POOLED INVESTMENTS	185,491.0000	34,985,457.51	4.15
JEFFERIES FINANCIAL GROUP IN	JEF	47233W109	COMMON STOCK	133,000.0000	4,746,770.00	.56
KKR & CO INC		48251W104	COMMON STOCK	79,000.0000	4,961,990.00	.59
KALVISTA PHARMACEUTICALS INC	KALV	483497103	COMMON STOCK	71,903.0000	780,147.55	.09
KARUNA THERAPEUTICS INC	KRTX	48576A100	COMMON STOCK	664.0000	124,672.64	.01
KENVUE INC-W/I	KVUE	49177J102	COMMON STOCK	250,800.0000	5,780,940.00	.69
KEURIG DR PEPPER INC	KDP	49271V100	COMMON STOCK	126,600.0000	4,260,090.00	.50
KINSALE CAPITAL GROUP INC	KNSL	49714P108	COMMON STOCK	1,781.0000	709,960.03	.08
KNIFE RIVER CORP-W/I	KNF	498894104	COMMON STOCK	47,239.0000	2,430,918.94	.29
KNIGHT-SWIFT TRANSPORTATION	KNX	499049104	COMMON STOCK	89,900.0000	4,928,318.00	.58
KORN FERRY	KFY	500643200	COMMON STOCK	52,112.0000	2,656,669.76	.31
KROGER CO	KR	501044101	COMMON STOCK	62,200.0000	2,885,458.00	.34
KRYSTAL BIOTECH INC	KRYS	501147102	COMMON STOCK	2,136.0000	265,889.28	.03
KURA SUSHI USA INC-CLASS A		501270102	COMMON STOCK	36,755.0000	3,211,284.35	.38
L3HARRIS TECHNOLOGIES INC	LHX	502431109	COMMON STOCK	36,300.0000	6,464,667.00	.77
LANCASTER COLONY CORP	LANC	513847103	COMMON STOCK	10,848.0000	1,791,981.12	.21
LATTICE SEMICONDUCTOR CORP	LSCC	518415104	COMMON STOCK	1,621.0000	157,658.46	.02
LEMAITRE VASCULAR INC	LMAT	525558201	COMMON STOCK	18,170.0000	1,050,407.70	.12
LIVENT CORP	LTHM	53814L108	COMMON STOCK	154,809.0000	3,323,749.23	.39
LUMENTUM HOLDINGS INC	LITE	55024U109	COMMON STOCK	58,746.0000	3,179,920.98	.38
MGIC INVESTMENT CORP	MTG	552848103	COMMON STOCK	145,646.0000	2,560,456.68	.30
MGP INGREDIENTS INC	MGPI	55303J106	COMMON STOCK	34,709.0000	4,161,609.10	.49
MSA SAFETY INC		553498106	COMMON STOCK	1,659.0000	303,066.12	.04
MYR GROUP INC/DELAWARE	MYRG	55405W104	COMMON STOCK	16,818.0000	2,389,333.26	.28
STEVEN MADDEN LTD	SHOO	556269108	COMMON STOCK	65,275.0000	2,251,987.50	.27
MAGNITE INC	MGNI	55955D100	COMMON STOCK	98,374.0000	811,585.50	.10
MARVELL TECHNOLOGY INC	MRVL	573874104	COMMON STOCK	88,700.0000	5,166,775.00	.61
MCGRATH RENTCORP	MGRC	580589109	COMMON STOCK	12,127.0000	1,226,039.70	.15
MERITAGE HOMES CORP	MTH	59001A102	COMMON STOCK	1,074.0000	149,328.96	.02
MINERALYS THERAPEUTICS INC	MLYS	603170101	COMMON STOCK	36,761.0000	472,011.24	.06
MODINE MANUFACTURING CO	MOD	607828100	COMMON STOCK	93,129.0000	4,432,009.11	.53
MONTROSE ENVIRONMENTAL GROUP	MEG	615111101	COMMON STOCK	44,713.0000	1,718,767.72	.20
MOOG INC-CLASS A	MOG A	615394202	COMMON STOCK	911.0000	105,821.76	.01
MORPHIC HOLDING INC	MORF	61775R105	COMMON STOCK	43,292.0000	2,384,523.36	.28
MURPHY USA INC	MUSA	626755102	COMMON STOCK	17,404.0000	5,528,206.56	.66
NMI HOLDINGS INC-CLASS A	NMIH	629209305	COMMON STOCK	64,035.0000	1,832,681.70	.22
NATERA INC	NTRA	632307104	COMMON STOCK	4,579.0000	268,924.67	.03
NATIONAL BANK HOLD-CL A	NBHC	633707104	COMMON STOCK	35,593.0000	1,122,603.22	.13
NATIONAL INSTRUMENTS CORP	NATI	636518102	COMMON STOCK	21,032.0000	1,253,507.20	.15
NATIONAL STORAGE AFFILIATES	NSA	637870106	REIT - Real Estate Invesment Trust	69,867.0000	2,347,531.20	.28
NEOGENOMICS INC	NEO	64049M209	COMMON STOCK	54,794.0000	823,553.82	.10
NEWMARK GROUP INC-CLASS A	NMRK	65158N102	COMMON STOCK	335,702.0000	2,380,127.18	.28
NEXTRACKER INC-CL A	NXT	65290E101	COMMON STOCK	5,408.0000	227,784.96	.03
NUVALENT INC-A		670703107	COMMON STOCK	92,549.0000	4,217,457.93	.50
NUVASIVE INC	NUVA	670704105	COMMON STOCK	42,523.0000	1,690,289.25	.20
O-I GLASS INC	OI	67098H104	COMMON STOCK	96,645.0000	1,919,369.70	.23
OCEANEERING INTL INC	OII	675232102	COMMON STOCK	103,823.0000	2,366,126.17	.28
OLD NATIONAL BANCORP	ONB	680033107	COMMON STOCK	233,004.0000	3,555,641.04	.42
OLLIE'S BARGAIN OUTLET HOLDI	OLLI	681116109	COMMON STOCK	1,960.0000	151,076.80	.02
ONTO INNOVATION INC	ONTO	683344105	COMMON STOCK	1,949.0000	270,872.02	.03
OVERSTOCK.COM INC	OSTK	690370101	COMMON STOCK	16,504.0000	430,919.44	.05
OXFORD INDUSTRIES INC	OXM	691497309	COMMON STOCK	12,877.0000	1,300,448.23	.15
PDF SOLUTIONS INC	PDFS	693282105	COMMON STOCK	24,918.0000	905,520.12	.11
PPG INDUSTRIES INC	PPG	693506107	COMMON STOCK	43,200.0000	6,124,032.00	.73
PPL CORP	PPL	69351T106	COMMON STOCK	237,800.0000	5,925,976.00	.70
PARKER HANNIFIN CORP	PH	701094104	COMMON STOCK	8,800.0000	3,668,720.00	.43
PERFORMANCE FOOD GROUP CO	PFGC	71377A103	COMMON STOCK	50,537.0000	3,139,863.81	.37
PERFORMANT FINANCIAL CORP	PFMT	71377E105	COMMON STOCK	173,895.0000	408,653.25	.05
REVVITY INC	RVTY	714046109	COMMON STOCK	64,600.0000	7,560,138.00	.90
PERMIAN RESOURCES CORP	PR	71424F105	COMMON STOCK	326,843.0000	4,634,633.74	.55
PETIQ INC	PETQ	71639T106	COMMON STOCK	42,000.0000	801,360.00	.09
PHREESIA INC	PHR	71944F106	COMMON STOCK	36,191.0000	1,030,357.77	.12
PINNACLE FINANCIAL PARTNERS	PNFP	72346Q104	COMMON STOCK	50,066.0000	3,332,392.96	.39
PORTLAND GENERAL ELECTRIC CO	POR	736508847	COMMON STOCK	98,156.0000	4,305,122.16	.51
POWER INTEGRATIONS INC	POWI	739276103	COMMON STOCK	44,700.0000	3,755,694.00	.45
PRESTIGE CONSUMER HEALTHCARE	PBH	74112D101	COMMON STOCK	84,764.0000	4,944,284.12	.59
PRIMORIS SERVICES CORP	PRIM	74164F103	COMMON STOCK	79,558.0000	2,813,966.46	.33
PRIMERICA INC	PRI	74164M108	COMMON STOCK	21,879.0000	4,396,803.84	.52
PROCORE TECHNOLOGIES INC	PCOR	74275K108	COMMON STOCK	6,506.0000	439,480.30	.05
PROCEPT BIOROBOTICS CORP	PRCT	74276L105	COMMON STOCK	29,716.0000	1,013,612.76	.12
RAMBUS INC	RMBS	750917106	COMMON STOCK	4,472.0000	252,533.84	.03
RAYMOND JAMES FINANCIAL INC	RJF	754730109	COMMON STOCK	42,400.0000	4,434,616.00	.53
REAL GOOD FOOD CO INC/THE		75601G109	COMMON STOCK	98,612.0000	388,531.28	.05
REGAL REXNORD CORP	RRX	758750103	COMMON STOCK	19,143.0000	3,104,803.17	.37
REMITLY GLOBAL INC		75960P104	COMMON STOCK	109,648.0000	2,757,647.20	.33
REVOLUTION MEDICINES INC	RVMD	76155X100	COMMON STOCK	26,970.0000	916,170.90	.11
RHYTHM PHARMACEUTICALS INC	RYTM	76243J105	COMMON STOCK	31,104.0000	809,015.04	.10
RXSIGHT INC	RXST	78349D107	COMMON STOCK	73,450.0000	2,130,784.50	.25
SBA COMMUNICATIONS CORP	SBAC	78410G104	REIT - Real Estate Invesment Trust	27,000.0000	6,062,310.00	.72
SPS COMMERCE INC	SPSC	78463M107	COMMON STOCK	1,637.0000	304,694.81	.04
SPX TECHNOLOGIES INC	SPXC	78473E103	COMMON STOCK	4,102.0000	324,140.04	.04
SAIA INC	SAIA	78709Y105	COMMON STOCK	1,142.0000	486,720.40	.06
SAVERS VALUE VILLAGE INC	SVV	80517M109	COMMON STOCK	5,484.0000	135,729.00	.02
SHIFT4 PAYMENTS INC-CLASS A	FOUR	82452J109	COMMON STOCK	1,750.0000	99,382.50	.01
SILICON LABORATORIES INC	SLAB	826919102	COMMON STOCK	13,130.0000	1,770,711.80	.21
SILGAN HOLDINGS INC	SLGN	827048109	COMMON STOCK	57,825.0000	2,609,642.25	.31
SIMPSON MANUFACTURING CO INC	SSD	829073105	COMMON STOCK	1,462.0000	233,569.12	.03
SITEONE LANDSCAPE SUPPLY INC	SITE	82982L103	COMMON STOCK	2,444.0000	418,388.36	.05
SKECHERS USA INC-CL A	SKX	830566105	COMMON STOCK	4,333.0000	217,993.23	.03
SKYLINE CHAMPION CORP	SKY	830830105	COMMON STOCK	2,310.0000	164,633.70	.02
SKYWORKS SOLUTIONS INC	SWKS	83088M102	COMMON STOCK	51,400.0000	5,589,236.00	.66
SKYWATER TECHNOLOGY INC	SKYT	83089J108	COMMON STOCK	98,837.0000	662,207.90	.08
SKYWARD SPECIALTY INSURANCE	SKWD	830940102	COMMON STOCK	38,113.0000	926,908.16	.11
SOVOS BRANDS INC	SOVO	84612U107	COMMON STOCK	68,139.0000	1,526,313.60	.18
SPIRE INC	SR	84857L101	COMMON STOCK	25,830.0000	1,508,730.30	.18
SPRINGWORKS THERAPEUTICS INC	SWTX	85205L107	COMMON STOCK	49,173.0000	1,385,695.14	.16
STAG INDUSTRIAL INC	STAG	85254J102	REIT - Real Estate Invesment Trust	113,016.0000	4,128,474.48	.49
STANDEX INTERNATIONAL CORP	SXI	854231107	COMMON STOCK	27,727.0000	4,259,699.01	.50
STERLING INFRASTRUCTURE INC	STRL	859241101	COMMON STOCK	44,950.0000	3,720,062.00	.44
STRIDE INC	LRN	86333M108	COMMON STOCK	22,102.0000	939,113.98	.11
SUMMIT MATERIALS INC -CL A	SUM	86614U100	COMMON STOCK	6,200.0000	231,942.00	.03
SUN COUNTRY AIRLINES HOLDING	SNCY	866683105	COMMON STOCK	71,826.0000	1,069,489.14	.13
SUPER MICRO COMPUTER INC	SMCI	86800U104	COMMON STOCK	3,236.0000	890,158.88	.11
TACTILE SYSTEMS TECHNOLOGY I	TCMD	87357P100	COMMON STOCK	71,357.0000	1,352,215.15	.16
TARGET CORP	TGT	87612E106	COMMON STOCK	35,000.0000	4,429,250.00	.52
TEGNA INC	TGNA	87901J105	COMMON STOCK	79,116.0000	1,307,787.48	.15
TEREX CORP	TEX	880779103	COMMON STOCK	1,893.0000	114,734.73	.01
TERNS PHARMACEUTICALS INC	TERN	880881107	COMMON STOCK	83,220.0000	438,569.40	.05
TETRA TECH INC	TTEK	88162G103	COMMON STOCK	1,436.0000	225,954.60	.03
TEXAS ROADHOUSE INC	TXRH	882681109	COMMON STOCK	1,589.0000	165,414.90	.02
TIDEWATER INC	TDW	88642R109	COMMON STOCK	38,547.0000	2,506,711.41	.30
TRANSMEDICS GROUP INC	TMDX	89377M109	COMMON STOCK	58,794.0000	3,858,650.22	.46
TREACE MEDICAL CONCEPTS INC	TMCI	89455T109	COMMON STOCK	70,572.0000	1,097,394.60	.13
TREEHOUSE FOODS INC	THS	89469A104	COMMON STOCK	82,620.0000	3,843,482.40	.46
TRIUMPH FINANCIAL INC	TFIN	89679E300	COMMON STOCK	14,457.0000	928,573.11	.11
US BANCORP	USB	902973304	COMMON STOCK	116,000.0000	4,237,480.00	.50
ULTRAGENYX PHARMACEUTICAL IN	RARE	90400D108	COMMON STOCK	3,546.0000	130,457.34	.02
UNITED RENTALS INC	URI	911363109	COMMON STOCK	8,400.0000	4,002,936.00	.47
UNIVEST CORP OF PENNSYLVANIA	UVSP	915271100	COMMON STOCK	84,583.0000	1,521,648.17	.18
UPWORK INC	UPWK	91688F104	COMMON STOCK	91,100.0000	1,349,191.00	.16
URANIUM ENERGY CORP	UEC	916896103	COMMON STOCK	459,554.0000	1,985,273.28	.24
URBAN OUTFITTERS INC	URBN	917047102	COMMON STOCK	67,567.0000	2,243,900.07	.27
VALLEY NATIONAL BANCORP	VLY	919794107	COMMON STOCK	328,753.0000	3,017,952.54	.36
VALMONT INDUSTRIES	VMI	920253101	COMMON STOCK	11,276.0000	2,858,466.00	.34
VALVOLINE INC	VVV	92047W101	COMMON STOCK	75,749.0000	2,608,795.56	.31
VAXCYTE INC	PCVX	92243G108	COMMON STOCK	58,642.0000	3,044,692.64	.36
VENTYX BIOSCIENCES INC	VTYX	92332V107	COMMON STOCK	81,152.0000	2,718,592.00	.32
VERACYTE INC	VCYT	92337F107	COMMON STOCK	51,088.0000	1,348,723.20	.16
VIAVI SOLUTIONS INC	VIAV	925550105	COMMON STOCK	357,219.0000	3,732,938.55	.44
VISTEON CORP	VC	92839U206	COMMON STOCK	2,085.0000	290,377.95	.03
VITA COCO CO INC/THE		92846Q107	COMMON STOCK	117,262.0000	3,317,341.98	.39
WABASH NATIONAL CORP	WNC	929566107	COMMON STOCK	109,179.0000	2,461,986.45	.29
WILLSCOT MOBILE MINI HOLDING		971378104	COMMON STOCK	4,392.0000	180,159.84	.02
WINGSTOP INC	WING	974155103	COMMON STOCK	609.0000	97,829.76	.01
WINTRUST FINANCIAL CORP	WTFC	97650W108	COMMON STOCK	57,728.0000	4,480,270.08	.53
WORLD WRESTLING ENTERTAIN-A	WWE	98156Q108	COMMON STOCK	2,674.0000	258,174.70	.03
WW INTERNATIONAL INC	WW	98262P101	COMMON STOCK	230,409.0000	2,237,271.39	.27
XPEL INC	XPEL	98379L100	COMMON STOCK	31,667.0000	2,637,861.10	.31
XCEL ENERGY INC	XEL	98389B100	COMMON STOCK	99,800.0000	5,701,574.00	.68
XPONENTIAL FITNESS INC-A		98422X101	COMMON STOCK	137,902.0000	2,986,957.32	.35
YEXT INC	YEXT	98585N106	COMMON STOCK	117,155.0000	1,026,277.80	.12
YETI HOLDINGS INC	YETI	98585X104	COMMON STOCK	26,035.0000	1,300,448.25	.15
ZIMMER BIOMET HOLDINGS INC	ZBH	98956P102	COMMON STOCK	37,400.0000	4,455,088.00	.53
BIOHAVEN LTD	BHVN-W	BPLZ7S5	COMMON STOCK	4,946.0000	90,462.34	.01
ESTABLISHMENT LABS HOLDINGS		BYVR2D4	COMMON STOCK	18,971.0000	1,145,279.27	.14

As of 08/31/2023.

Distributions

Fund Name	Fund Cusip	Distribution Type	Amount per Share	Ex Date	Reinvest Date	Reinvest Price
Destinations Small-Mid Cap Equity Fund	10964R202	Short-Term Capital Gains	0.007805	12/15/2022	12/15/2022	$11.34
Destinations Small-Mid Cap Equity Fund	10964R202	Long-Term Capital Gains	0.396520	12/15/2022	12/15/2022	$11.34
Destinations Small-Mid Cap Equity Fund	10964R202	Short-Term Capital Gains	1.891249	12/16/2021	12/16/2021	$13.90
Destinations Small-Mid Cap Equity Fund	10964R202	Long-Term Capital Gains	2.110002	12/16/2021	12/16/2021	$13.90
Destinations Small-Mid Cap Equity Fund	10964R202	Dividend	0.004589	12/16/2020	12/16/2020	$14.35
Destinations Small-Mid Cap Equity Fund	10964R202	Short-Term Capital Gains	0.161806	12/16/2020	12/16/2020	$14.35
Destinations Small-Mid Cap Equity Fund	10964R202	Long-Term Capital Gains	0.138242	12/16/2020	12/16/2020	$14.35
Destinations Small-Mid Cap Equity Fund	10964R202	Dividend	0.062427	12/16/2019	12/16/2019	$12.03
Destinations Small-Mid Cap Equity Fund	10964R202	Short-Term Capital Gains	0.070163	12/16/2019	12/16/2019	$12.03
Destinations Small-Mid Cap Equity Fund	10964R202	Long-Term Capital Gains	0.361454	12/16/2019	12/16/2019	$12.03
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	0.23%
AFFE	None
Total Annual Fund Operating Expenses	1.13%
Fee waivers and expense reimbursements	-0.01%
Total Annual Fund Operating Expenses Less Fee Waivers and Expense Reimbursements	1.12%*

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 and Driehaus Small Cap Growth, which focus on micro and small cap companies with company-specific growth inflection points.
Leeward Investments, LLC is the sub-adviser of the Leeward 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 6/30/2023

Annualized

MTD

QTD

YTD

1 Year

3 Years

5 Years

Since
Inception

Destinations Small-Mid Cap Equity Fund

8.07%

5.24%

5.87%

13.37%

14.37%

N/A

8.37%

Russell Mid Cap Index

8.34%

4.76%

9.01%

14.86%

12.45%

8.43%

8.04%

Russell 2000 Index

8.13%

5.21%

8.09%

12.26%

10.78%

4.19%

3.78%

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

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.

Fund facts

Ticker: DSMZX
CUSIP: 10964R855
Benchmark: Russell Mid Cap Index, Russell 2000 Index
Inception date: 07/16/2018
Gross expense ratio: 0.98%
Net expense ratio: 0.97%*

Daily NAV

Date:

09/22/2023

NAV:
$8.39
NAV change:
-$0.02
Total assets ($m):
$74.7

Quick links

Management team

Brian Storey CFA, Deputy CIO of Destinations Portfolios, Brinker Capital Investments
Brian Storey is a senior portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he has portfolio management responsibilities for Brinker Capital’s Destinations program. Brian is involved in all aspects of the investment process for these multi-asset class portfolio solutions, including asset allocation, portfolio construction, manager research, and due diligence.
Prior to joining Brinker Capital, Brian was a Senior Portfolio Manager at First Citizens Bank where he oversaw portfolio construction for the globally-diversified investment strategies utilized by the firm’s private wealth and institutional clients. Previously, he served in various leadership and operational roles during his five years as an officer in the U.S. Coast Guard.
Brian graduated from the United States Coast Guard Academy with a Bachelor of Science in management and earned his Master of Business Administration from Duke University’s Fuqua School of Business where he graduated as a Fuqua scholar. Brian is a CFA® charterholder and holds the FINRA Series 65 license. He is a member of the CFA® Institute and the CFA® Society North Carolina.
Andrew Goins Andrew Goins, CFA, Senior Portfolio Manager
Andrew Goins is a senior portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he has portfolio management responsibilities for Brinker Capital’s Destinations program. Andrew is involved in all aspects of the investment process for these multi-asset class portfolio solutions, including asset allocation, portfolio construction, manager research, and due diligence. Andrew first joined Brinker Capital in 2010. He held several roles focusing on manager research and due diligence as well as managing multi-asset class portfolios before moving into a senior portfolio manager role in 2023.
Prior to joining Brinker Capital, Andrew was an investment management analyst at Budros, Ruhlin & Roe, an independent RIA in Columbus, OH. Andrew graduated from The Ohio State University with a Bachelor of Science in Business Administration. Andrew is a CFA® charterholder and holds the FINRA Series 7 license. He is a member of the CFA® Institute and the CFA® Society North Carolina.

Performance

Z Share Fund performance as of 6/30/2023

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

8.07%

5.24%

5.87%

13.37%

14.37%

N/A

8.37%

7/16/2018

0.98%

0.97%

Russell Mid Cap Index

8.34%

4.76%

9.01%

14.86%

12.45%

8.43%

8.04%

Russell 2000 Index

8.13%

5.21%

8.09%

12.26%

10.78%

4.19%

3.78%

Holdings

Security Description	Ticker Symbol	Security ID	Security Type Description	Quantity	Base Market Value	Percent TNA
US DOLLARS		CASHUSD	CURRENCY	21,203,096.3700	21,203,096.37	2.51
ONESPAWORLD HOLDINGS LTD		BJY21L2	COMMON STOCK	245,691.0000	2,810,705.04	.33
KINIKSA PHARMACEUTICALS-A	KNSA	BD0MGM0	COMMON STOCK	62,302.0000	1,073,463.46	.13
AXALTA COATING SYSTEMS LTD	AXTA	BSFWCF5	COMMON STOCK	117,072.0000	3,313,137.60	.39
CAMECO CORP	CCJ	13321L108	COMMON STOCK	17,186.0000	635,882.00	.08
CELESTICA INC	CLS	15101Q108	COMMON STOCK	11,039.0000	257,319.09	.03
MASONITE INTERNATIONAL CORP	DOOR	575385109	COMMON STOCK	30,574.0000	3,140,255.54	.37
XENON PHARMACEUTICALS INC	XENE	98420N105	COMMON STOCK	150,445.0000	5,864,346.10	.70
STRUCTURE THERAPEUTICS INC		86366E106	COMMON STOCK	92,474.0000	2,606,842.06	.31
FABRINET	FN	B4JSZL8	COMMON STOCK	680.0000	109,323.60	.01
TECNOGLASS INC	TGLS	BHCVTN5	COMMON STOCK	37,674.0000	1,468,155.78	.17
CREDO TECHNOLOGY GROUP HOLDI	CRDO	BLD13F2	COMMON STOCK	65,261.0000	1,074,196.06	.13
FTAI AVIATION LTD	FTAI	BLKFTK4	COMMON STOCK	97,684.0000	3,610,400.64	.43
SMART GLOBAL HOLDINGS INC	SGH	BYPBTG4	COMMON STOCK	86,254.0000	2,227,940.82	.26
EDAP TMS SA -ADR	EDAP	268311107	COMMON STOCK	98,505.0000	792,965.25	.09
GENIUS SPORTS LTD	GENI	BMF1JR1	COMMON STOCK	181,960.0000	1,208,214.40	.14
WILLIS TOWERS WATSON PLC	WTW	BDB6Q21	COMMON STOCK	32,700.0000	6,761,052.00	.80
WEATHERFORD INTERNATIONAL PL	WFRD	BLNN369	COMMON STOCK	3,585.0000	317,344.20	.04
PERION NETWORK LTD	PERI	B0XWL09	COMMON STOCK	87,983.0000	2,920,155.77	.35
MONDAY.COM LTD	MNDY	BMHRYX8	COMMON STOCK	3,281.0000	582,180.64	.07
CYBERARK SOFTWARE LTD/ISRAEL	CYBR	BQT3XY6	COMMON STOCK	997.0000	165,541.88	.02
CAMTEK LTD	CAMT	M20791105	COMMON STOCK	56,259.0000	3,392,417.70	.40
GAMBLING.COM GROUP LTD		G3R239101	COMMON STOCK	86,652.0000	1,228,725.36	.15
MERUS NV	MRUS	BZBY005	COMMON STOCK	93,778.0000	2,097,813.86	.25
TRANSOCEAN LTD	RIG	B3KFWW1	COMMON STOCK	35,582.0000	291,060.76	.03
GATES INDUSTRIAL CORP PLC	GTES	BD9G2S1	COMMON STOCK	152,696.0000	1,875,106.88	.22
TECHNIPFMC PLC		BDSFG98	COMMON STOCK	28,463.0000	541,935.52	.06
NOBLE CORP PLC		BN2QTL0	COMMON STOCK	4,280.0000	225,727.20	.03
AAON INC	AAON	000360206	COMMON STOCK	5,188.0000	327,155.28	.04
AAR CORP	AIR	000361105	COMMON STOCK	47,121.0000	2,902,653.60	.34
ADMA BIOLOGICS INC	ADMA	000899104	COMMON STOCK	310,622.0000	1,195,894.70	.14
ACV AUCTIONS INC-A		00091G104	COMMON STOCK	113,131.0000	1,901,732.11	.23
ABERCROMBIE & FITCH CO-CL A	ANF	002896207	COMMON STOCK	39,858.0000	2,142,367.50	.25
ACELYRIN INC	SLRN	00445A100	COMMON STOCK	97,335.0000	2,465,495.55	.29
AEHR TEST SYSTEMS	AEHR	00760J108	COMMON STOCK	119,138.0000	6,077,229.38	.72
AEROVATE THERAPEUTICS INC	AVTE	008064107	COMMON STOCK	37,597.0000	597,416.33	.07
AGILYSYS INC	AGYS	00847J105	COMMON STOCK	41,727.0000	2,943,631.22	.35
ATI INC	ATI	01741R102	COMMON STOCK	93,518.0000	4,239,170.94	.50
ALLSTATE CORP	ALL	020002101	COMMON STOCK	79,100.0000	8,527,771.00	1.01
ALPHATEC HOLDINGS INC		02081G201	COMMON STOCK	205,063.0000	3,352,780.05	.40
AMEDISYS INC	AMED	023436108	COMMON STOCK	33,583.0000	3,148,406.25	.37
AMEREN CORPORATION	AEE	023608102	COMMON STOCK	70,800.0000	5,612,316.00	.67
AMERICAN EAGLE OUTFITTERS	AEO	02553E106	COMMON STOCK	102,439.0000	1,737,365.44	.21
AMERICAN HOMES 4 RENT- A	AMH	02665T306	REIT - Real Estate Invesment Trust	145,400.0000	5,240,216.00	.62
AMERICOLD REALTY TRUST INC	COLD	03064D108	REIT - Real Estate Invesment Trust	164,100.0000	5,521,965.00	.65
APELLIS PHARMACEUTICALS INC	APLS	03753U106	COMMON STOCK	1,949.0000	82,267.29	.01
APOGEE THERAPEUTICS INC	APGE	03770N101	COMMON STOCK	52,452.0000	1,203,248.88	.14
APPFOLIO INC - A	APPF	03783C100	COMMON STOCK	1,818.0000	350,455.86	.04
APPLIED INDUSTRIAL TECH INC	AIT	03820C105	COMMON STOCK	2,652.0000	409,389.24	.05
APPLIED OPTOELECTRONICS INC	AAOI	03823U102	COMMON STOCK	170,693.0000	2,350,442.61	.28
ARCOSA INC	ACA	039653100	COMMON STOCK	3,075.0000	240,526.50	.03
ARHAUS INC		04035M102	COMMON STOCK	155,654.0000	1,540,974.60	.18
ARLO TECHNOLOGIES INC	ARLO	04206A101	COMMON STOCK	259,663.0000	2,536,907.51	.30
ASHLAND INC	ASH	044186104	COMMON STOCK	48,100.0000	4,166,903.00	.49
ASTRIA THERAPEUTICS INC		04635X102	COMMON STOCK	79,375.0000	706,437.50	.08
ATKORE INC	ATKR	047649108	COMMON STOCK	1,400.0000	215,558.00	.03
ATRICURE INC	ATRC	04963C209	COMMON STOCK	1,532.0000	69,169.80	.01
AVERY DENNISON CORP	AVY	053611109	COMMON STOCK	30,100.0000	5,670,238.00	.67
AVIAT NETWORKS INC	AVNW	05366Y201	COMMON STOCK	12,234.0000	431,126.16	.05
AVITA MEDICAL INC	RCEL	05380C102	COMMON STOCK	35,434.0000	577,574.20	.07
AXCELIS TECHNOLOGIES INC	ACLS	054540208	COMMON STOCK	22,897.0000	4,399,658.55	.52
AXON ENTERPRISE INC	AXON	05464C101	COMMON STOCK	1,843.0000	392,393.13	.05
AXSOME THERAPEUTICS INC	AXSM	05464T104	COMMON STOCK	2,676.0000	216,220.80	.03
AXONICS INC	AXNX	05465P101	COMMON STOCK	2,363.0000	135,399.90	.02
AZEK CO INC/THE	AZEK	05478C105	COMMON STOCK	102,991.0000	3,502,723.91	.42
BWX TECHNOLOGIES INC	BWXT	05605H100	COMMON STOCK	52,897.0000	3,901,682.72	.46
BADGER METER INC	BMI	056525108	COMMON STOCK	1,787.0000	296,784.96	.04
BAKER HUGHES CO	BKR	05722G100	COMMON STOCK	80,400.0000	2,909,676.00	.34
BANCORP INC/THE	TBBK	05969A105	COMMON STOCK	69,376.0000	2,546,792.96	.30
BEAZER HOMES USA INC	BZH	07556Q881	COMMON STOCK	33,897.0000	993,521.07	.12
BELDEN INC	BDC	077454106	COMMON STOCK	25,986.0000	2,440,085.40	.29
BELLRING BRANDS INC	BRBR	07831C103	COMMON STOCK	11,317.0000	469,655.50	.06
BEST BUY CO INC	BBY	086516101	COMMON STOCK	27,900.0000	2,132,955.00	.25
BIOMEA FUSION INC	BMEA	09077A106	COMMON STOCK	49,478.0000	834,693.86	.10
BLACK HILLS CORP	BKH	092113109	COMMON STOCK	35,527.0000	1,953,985.00	.23
BLUE BIRD CORP	BLBD	095306106	COMMON STOCK	68,629.0000	1,499,543.65	.18
CMS ENERGY CORP	CMS	125896100	COMMON STOCK	99,600.0000	5,596,524.00	.66
CABOT CORP	CBT	127055101	COMMON STOCK	24,482.0000	1,773,965.72	.21
CACI INTERNATIONAL INC -CL A	CACI	127190304	COMMON STOCK	10,671.0000	3,500,194.71	.41
CACTUS INC - A	WHD	127203107	COMMON STOCK	59,646.0000	3,181,517.64	.38
TOPGOLF CALLAWAY BRANDS CORP	MODG	131193104	COMMON STOCK	140,171.0000	2,444,582.24	.29
CAPITAL ONE FINANCIAL CORP	COF	14040H105	COMMON STOCK	44,900.0000	4,597,311.00	.54
CARLISLE COS INC	CSL	142339100	COMMON STOCK	13,900.0000	3,655,978.00	.43
CARPENTER TECHNOLOGY	CRS	144285103	COMMON STOCK	5,603.0000	350,915.89	.04
CARTER'S INC	CRI	146229109	COMMON STOCK	12,962.0000	927,690.34	.11
CAVA GROUP INC		148929102	COMMON STOCK	3,084.0000	136,960.44	.02
CELSIUS HOLDINGS INC	CELH	15118V207	COMMON STOCK	17,402.0000	3,411,488.08	.40
CENTERPOINT ENERGY INC	CNP	15189T107	COMMON STOCK	205,700.0000	5,736,973.00	.68
CENTURY COMMUNITIES INC	CCS	156504300	COMMON STOCK	19,402.0000	1,440,598.50	.17
CHAMPIONX CORP	CHX-W	15872M104	COMMON STOCK	104,216.0000	3,761,155.44	.45
CHART INDUSTRIES INC	GTLS	16115Q308	COMMON STOCK	3,257.0000	588,149.06	.07
CHEESECAKE FACTORY INC/THE	CAKE	163072101	COMMON STOCK	48,094.0000	1,531,793.90	.18
CHESAPEAKE ENERGY CORP	CHK	165167735	COMMON STOCK	81,800.0000	7,215,578.00	.86
CHIMERA INVESTMENT CORP		16934Q208	REIT - Real Estate Invesment Trust	367,475.0000	2,223,223.75	.26
CIRCOR INTERNATIONAL INC	CIR	17273K109	COMMON STOCK	40,694.0000	2,266,248.86	.27
CITY HOLDING CO	CHCO	177835105	COMMON STOCK	18,548.0000	1,694,545.28	.20
CIVITAS RESOURCES INC		17888H103	COMMON STOCK	49,576.0000	4,076,138.72	.48
CLEAN HARBORS INC	CLH	184496107	COMMON STOCK	25,429.0000	4,306,146.86	.51
CLOROX COMPANY	CLX	189054109	COMMON STOCK	21,800.0000	3,410,610.00	.40
COLUMBIA BANKING SYSTEM INC	COLB	197236102	COMMON STOCK	194,348.0000	3,980,247.04	.47
COMFORT SYSTEMS USA INC	FIX	199908104	COMMON STOCK	2,457.0000	453,488.49	.05
CORE & MAIN INC-CLASS A		21874C102	COMMON STOCK	12,277.0000	403,176.68	.05
QUIDELORTHO CORP		219798105	COMMON STOCK	26,222.0000	2,159,643.92	.26
CORPORATE OFFICE PROPERTIES	OFC	22002T108	REIT - Real Estate Invesment Trust	97,141.0000	2,514,009.08	.30
COUCHBASE INC	BASE	22207T101	COMMON STOCK	32,438.0000	554,689.80	.07
CRINETICS PHARMACEUTICALS IN	CRNX	22663K107	COMMON STOCK	187,200.0000	3,242,304.00	.38
CUTERA INC	CUTR	232109108	COMMON STOCK	36,885.0000	419,751.30	.05
DAY ONE BIOPHARMACEUTICALS I	DAWN	23954D109	COMMON STOCK	60,369.0000	814,377.81	.10
DELL TECHNOLOGIES -C	DELL	24703L202	COMMON STOCK	75,300.0000	4,234,872.00	.50
DIAMOND OFFSHORE DRILLING IN	DO	25271C201	COMMON STOCK	122,925.0000	1,827,894.75	.22
DIGI INTERNATIONAL INC	DGII	253798102	COMMON STOCK	68,287.0000	2,279,420.06	.27
DORMAN PRODUCTS INC	DORM	258278100	COMMON STOCK	29,224.0000	2,411,272.24	.29
DOVER CORP	DOV	260003108	COMMON STOCK	32,800.0000	4,864,240.00	.58
DUCKHORN PORTFOLIO INC/THE		26414D106	COMMON STOCK	43,630.0000	542,757.20	.06
DUOLINGO		26603R106	COMMON STOCK	1,458.0000	214,559.28	.03
DYNAVAX TECHNOLOGIES CORP	DVAX	268158201	COMMON STOCK	200,622.0000	2,880,931.92	.34
ELF BEAUTY INC	ELF	26856L103	COMMON STOCK	53,513.0000	7,422,788.23	.88
89BIO INC	ETNB	282559103	COMMON STOCK	53,436.0000	915,893.04	.11
EMCOR GROUP INC	EME	29084Q100	COMMON STOCK	23,591.0000	5,290,281.75	.63
EMERSON ELECTRIC CO	EMR	291011104	COMMON STOCK	40,400.0000	3,969,300.00	.47
ENCOMPASS HEALTH CORP	EHC	29261A100	COMMON STOCK	67,371.0000	4,786,035.84	.57
ENERGY RECOVERY INC	ERII	29270J100	COMMON STOCK	67,615.0000	1,837,775.70	.22
ENERPAC TOOL GROUP CORP	EPAC	292765104	COMMON STOCK	62,718.0000	1,643,211.60	.19
ENPRO INDUSTRIES INC	NPO	29355X107	COMMON STOCK	27,789.0000	3,790,141.71	.45
ENOVIX CORP	ENVX	293594107	COMMON STOCK	180,894.0000	2,492,719.32	.30
ENVISTA HOLDINGS CORP	NVST	29415F104	COMMON STOCK	76,666.0000	2,454,845.32	.29
EQUIFAX INC	EFX	294429105	COMMON STOCK	38,700.0000	7,999,290.00	.95
ESAB CORP	ESAB	29605J106	COMMON STOCK	2,946.0000	212,612.82	.03
EVENTBRITE INC-CLASS A	EB	29975E109	COMMON STOCK	143,853.0000	1,457,230.89	.17
EVERCORE INC - A	EVR	29977A105	COMMON STOCK	1,202.0000	168,340.10	.02
EVOLV TECHNOLOGIES HOLDINGS	EVLV	30049H102	COMMON STOCK	101,153.0000	707,059.47	.08
EXELON CORP	EXC	30161N101	COMMON STOCK	153,400.0000	6,154,408.00	.73
EXLSERVICE HOLDINGS INC	EXLS	302081104	COMMON STOCK	75,995.0000	2,221,333.85	.26
EXTRA SPACE STORAGE INC	EXR	30225T102	REIT - Real Estate Invesment Trust	55,000.0000	7,077,400.00	.84
EXTREME NETWORKS INC	EXTR	30226D106	COMMON STOCK	58,277.0000	1,599,703.65	.19
FLYWIRE CORP-VOTING	FLYW	302492103	COMMON STOCK	94,504.0000	3,267,948.32	.39
FTI CONSULTING INC	FCN	302941109	COMMON STOCK	782.0000	145,311.24	.02
FASTLY INC - CLASS A	FSLY	31188V100	COMMON STOCK	183,627.0000	4,368,486.33	.52
FEDERAL SIGNAL CORP	FSS	313855108	COMMON STOCK	56,820.0000	3,463,179.00	.41
FIDELITY NATIONAL FINANCIAL	FNF	31620R303	COMMON STOCK	72,000.0000	2,980,800.00	.35
FIRST AMERICAN FINANCIAL	FAF	31847R102	COMMON STOCK	48,337.0000	2,981,426.16	.35
FIRST CITIZENS BCSHS -CL A	FCNCA	31946M103	COMMON STOCK	5,200.0000	7,074,080.00	.84
FIRST INTERSTATE BANCSYS-A	FIBK	32055Y201	COMMON STOCK	137,237.0000	3,555,810.67	.42
FIRST WATCH RESTAURANT GROUP	FWRG	33748L101	COMMON STOCK	79,236.0000	1,514,992.32	.18
FIVE9 INC	FIVN	338307101	COMMON STOCK	2,048.0000	148,213.76	.02
FLUOR CORP	FLR	343412102	COMMON STOCK	4,997.0000	174,845.03	.02
FLUENCE ENERGY INC	FLNC	34379V103	COMMON STOCK	54,975.0000	1,448,591.25	.17
FORTIVE CORP	FTV	34959J108	COMMON STOCK	48,600.0000	3,832,110.00	.45
FREEPORT-MCMORAN INC	FCX	35671D857	COMMON STOCK	103,200.0000	4,118,712.00	.49
FRESHPET INC	FRPT	358039105	COMMON STOCK	2,611.0000	197,156.61	.02
GMS INC	GMS	36251C103	COMMON STOCK	12,806.0000	887,968.04	.11
GENERAL DYNAMICS CORP	GD	369550108	COMMON STOCK	25,100.0000	5,688,664.00	.67
GENUINE PARTS CO	GPC	372460105	COMMON STOCK	28,400.0000	4,365,932.00	.52
GENTHERM INC	THRM	37253A103	COMMON STOCK	16,265.0000	979,315.65	.12
GLAUKOS CORP	GKOS	377322102	COMMON STOCK	3,999.0000	300,484.86	.04
GLOBAL PAYMENTS INC	GPN	37940X102	COMMON STOCK	29,300.0000	3,712,017.00	.44
GOODYEAR TIRE & RUBBER CO	GT	382550101	COMMON STOCK	98,811.0000	1,275,650.01	.15
GREEN PLAINS INC	GPRE	393222104	COMMON STOCK	38,575.0000	1,197,368.00	.14
HAIN CELESTIAL GROUP INC	HAIN	405217100	COMMON STOCK	86,610.0000	917,199.90	.11
HALOZYME THERAPEUTICS INC	HALO	40637H109	COMMON STOCK	3,609.0000	153,599.04	.02
HANOVER INSURANCE GROUP INC/	THG	410867105	COMMON STOCK	23,538.0000	2,511,975.36	.30
HARMONIC INC	HLIT	413160102	COMMON STOCK	411,613.0000	4,396,026.84	.52
HARROW HEALTH INC	HROW	415858109	COMMON STOCK	71,221.0000	1,080,422.57	.13
ENVIRI CORP	NVRI	415864107	COMMON STOCK	98,085.0000	730,733.25	.09
HARTFORD FINANCIAL SVCS GRP	HIG	416515104	COMMON STOCK	74,100.0000	5,321,862.00	.63
HAYWARD HOLDINGS INC	HAYW	421298100	COMMON STOCK	22,585.0000	334,258.00	.04
HESS CORP	HES	42809H107	COMMON STOCK	55,500.0000	8,574,750.00	1.02
HEXCEL CORP	HXL	428291108	COMMON STOCK	33,246.0000	2,436,931.80	.29
HOSTESS BRANDS INC	TWNK	44109J106	COMMON STOCK	80,073.0000	2,280,479.04	.27
HOWMET AEROSPACE INC	HWM	443201108	COMMON STOCK	87,200.0000	4,313,784.00	.51
HUDSON TECHNOLOGIES INC	HDSN	444144109	COMMON STOCK	77,115.0000	930,006.90	.11
HUMANA INC	HUM	444859102	COMMON STOCK	16,300.0000	7,524,569.00	.89
HURON CONSULTING GROUP INC	HURN	447462102	COMMON STOCK	86,434.0000	8,639,078.30	1.02
ITT INC	ITT	45073V108	COMMON STOCK	44,290.0000	4,529,981.20	.54
IDACORP INC	IDA	451107106	COMMON STOCK	28,598.0000	2,740,832.32	.32
IDEAYA BIOSCIENCES INC	IDYA	45166A102	COMMON STOCK	75,280.0000	2,210,220.80	.26
IDEX CORP	IEX	45167R104	COMMON STOCK	21,700.0000	4,912,880.00	.58
IMMUNOGEN INC	IMGN	45253H101	COMMON STOCK	178,105.0000	2,821,183.20	.33
INDEPENDENT BANK CORP/MA	INDB	453836108	COMMON STOCK	54,700.0000	2,954,894.00	.35
INGEVITY CORP	NGVT	45688C107	COMMON STOCK	62,050.0000	3,343,874.50	.40
INGREDION INCORPORATED	INGR	457187102	COMMON STOCK	28,972.0000	2,981,508.52	.35
INNOSPEC INC	IOSP	45768S105	COMMON STOCK	14,664.0000	1,575,206.88	.19
INSPIRE MEDICAL SYSTEMS INC	INSP	457730109	COMMON STOCK	4,998.0000	1,133,946.24	.13
INSTALLED BUILDING PRODUCTS	IBP	45780R101	COMMON STOCK	21,066.0000	3,048,882.18	.36
INTEGRA LIFESCIENCES HOLDING	IART	457985208	COMMON STOCK	81,220.0000	3,455,098.80	.41
INTEGRAL AD SCIENCE HOLDING		45828L108	COMMON STOCK	6,485.0000	92,540.95	.01
INTER PARFUMS INC	IPAR	458334109	COMMON STOCK	1,618.0000	226,083.14	.03
IRIDIUM COMMUNICATIONS INC	IRDM	46269C102	COMMON STOCK	2,816.0000	137,843.20	.02
IRONWOOD PHARMACEUTICALS INC	IRWD	46333X108	COMMON STOCK	55,073.0000	484,642.40	.06
ISHARES RUSSELL MID-CAP ETF	IWR	464287499	POOLED INVESTMENTS	77,008.0000	5,641,606.08	.67
ISHARES RUSSELL 2000 ETF	IWM	464287655	POOLED INVESTMENTS	185,491.0000	34,985,457.51	4.15
JEFFERIES FINANCIAL GROUP IN	JEF	47233W109	COMMON STOCK	133,000.0000	4,746,770.00	.56
KKR & CO INC		48251W104	COMMON STOCK	79,000.0000	4,961,990.00	.59
KALVISTA PHARMACEUTICALS INC	KALV	483497103	COMMON STOCK	71,903.0000	780,147.55	.09
KARUNA THERAPEUTICS INC	KRTX	48576A100	COMMON STOCK	664.0000	124,672.64	.01
KENVUE INC-W/I	KVUE	49177J102	COMMON STOCK	250,800.0000	5,780,940.00	.69
KEURIG DR PEPPER INC	KDP	49271V100	COMMON STOCK	126,600.0000	4,260,090.00	.50
KINSALE CAPITAL GROUP INC	KNSL	49714P108	COMMON STOCK	1,781.0000	709,960.03	.08
KNIFE RIVER CORP-W/I	KNF	498894104	COMMON STOCK	47,239.0000	2,430,918.94	.29
KNIGHT-SWIFT TRANSPORTATION	KNX	499049104	COMMON STOCK	89,900.0000	4,928,318.00	.58
KORN FERRY	KFY	500643200	COMMON STOCK	52,112.0000	2,656,669.76	.31
KROGER CO	KR	501044101	COMMON STOCK	62,200.0000	2,885,458.00	.34
KRYSTAL BIOTECH INC	KRYS	501147102	COMMON STOCK	2,136.0000	265,889.28	.03
KURA SUSHI USA INC-CLASS A		501270102	COMMON STOCK	36,755.0000	3,211,284.35	.38
L3HARRIS TECHNOLOGIES INC	LHX	502431109	COMMON STOCK	36,300.0000	6,464,667.00	.77
LANCASTER COLONY CORP	LANC	513847103	COMMON STOCK	10,848.0000	1,791,981.12	.21
LATTICE SEMICONDUCTOR CORP	LSCC	518415104	COMMON STOCK	1,621.0000	157,658.46	.02
LEMAITRE VASCULAR INC	LMAT	525558201	COMMON STOCK	18,170.0000	1,050,407.70	.12
LIVENT CORP	LTHM	53814L108	COMMON STOCK	154,809.0000	3,323,749.23	.39
LUMENTUM HOLDINGS INC	LITE	55024U109	COMMON STOCK	58,746.0000	3,179,920.98	.38
MGIC INVESTMENT CORP	MTG	552848103	COMMON STOCK	145,646.0000	2,560,456.68	.30
MGP INGREDIENTS INC	MGPI	55303J106	COMMON STOCK	34,709.0000	4,161,609.10	.49
MSA SAFETY INC		553498106	COMMON STOCK	1,659.0000	303,066.12	.04
MYR GROUP INC/DELAWARE	MYRG	55405W104	COMMON STOCK	16,818.0000	2,389,333.26	.28
STEVEN MADDEN LTD	SHOO	556269108	COMMON STOCK	65,275.0000	2,251,987.50	.27
MAGNITE INC	MGNI	55955D100	COMMON STOCK	98,374.0000	811,585.50	.10
MARVELL TECHNOLOGY INC	MRVL	573874104	COMMON STOCK	88,700.0000	5,166,775.00	.61
MCGRATH RENTCORP	MGRC	580589109	COMMON STOCK	12,127.0000	1,226,039.70	.15
MERITAGE HOMES CORP	MTH	59001A102	COMMON STOCK	1,074.0000	149,328.96	.02
MINERALYS THERAPEUTICS INC	MLYS	603170101	COMMON STOCK	36,761.0000	472,011.24	.06
MODINE MANUFACTURING CO	MOD	607828100	COMMON STOCK	93,129.0000	4,432,009.11	.53
MONTROSE ENVIRONMENTAL GROUP	MEG	615111101	COMMON STOCK	44,713.0000	1,718,767.72	.20
MOOG INC-CLASS A	MOG A	615394202	COMMON STOCK	911.0000	105,821.76	.01
MORPHIC HOLDING INC	MORF	61775R105	COMMON STOCK	43,292.0000	2,384,523.36	.28
MURPHY USA INC	MUSA	626755102	COMMON STOCK	17,404.0000	5,528,206.56	.66
NMI HOLDINGS INC-CLASS A	NMIH	629209305	COMMON STOCK	64,035.0000	1,832,681.70	.22
NATERA INC	NTRA	632307104	COMMON STOCK	4,579.0000	268,924.67	.03
NATIONAL BANK HOLD-CL A	NBHC	633707104	COMMON STOCK	35,593.0000	1,122,603.22	.13
NATIONAL INSTRUMENTS CORP	NATI	636518102	COMMON STOCK	21,032.0000	1,253,507.20	.15
NATIONAL STORAGE AFFILIATES	NSA	637870106	REIT - Real Estate Invesment Trust	69,867.0000	2,347,531.20	.28
NEOGENOMICS INC	NEO	64049M209	COMMON STOCK	54,794.0000	823,553.82	.10
NEWMARK GROUP INC-CLASS A	NMRK	65158N102	COMMON STOCK	335,702.0000	2,380,127.18	.28
NEXTRACKER INC-CL A	NXT	65290E101	COMMON STOCK	5,408.0000	227,784.96	.03
NUVALENT INC-A		670703107	COMMON STOCK	92,549.0000	4,217,457.93	.50
NUVASIVE INC	NUVA	670704105	COMMON STOCK	42,523.0000	1,690,289.25	.20
O-I GLASS INC	OI	67098H104	COMMON STOCK	96,645.0000	1,919,369.70	.23
OCEANEERING INTL INC	OII	675232102	COMMON STOCK	103,823.0000	2,366,126.17	.28
OLD NATIONAL BANCORP	ONB	680033107	COMMON STOCK	233,004.0000	3,555,641.04	.42
OLLIE'S BARGAIN OUTLET HOLDI	OLLI	681116109	COMMON STOCK	1,960.0000	151,076.80	.02
ONTO INNOVATION INC	ONTO	683344105	COMMON STOCK	1,949.0000	270,872.02	.03
OVERSTOCK.COM INC	OSTK	690370101	COMMON STOCK	16,504.0000	430,919.44	.05
OXFORD INDUSTRIES INC	OXM	691497309	COMMON STOCK	12,877.0000	1,300,448.23	.15
PDF SOLUTIONS INC	PDFS	693282105	COMMON STOCK	24,918.0000	905,520.12	.11
PPG INDUSTRIES INC	PPG	693506107	COMMON STOCK	43,200.0000	6,124,032.00	.73
PPL CORP	PPL	69351T106	COMMON STOCK	237,800.0000	5,925,976.00	.70
PARKER HANNIFIN CORP	PH	701094104	COMMON STOCK	8,800.0000	3,668,720.00	.43
PERFORMANCE FOOD GROUP CO	PFGC	71377A103	COMMON STOCK	50,537.0000	3,139,863.81	.37
PERFORMANT FINANCIAL CORP	PFMT	71377E105	COMMON STOCK	173,895.0000	408,653.25	.05
REVVITY INC	RVTY	714046109	COMMON STOCK	64,600.0000	7,560,138.00	.90
PERMIAN RESOURCES CORP	PR	71424F105	COMMON STOCK	326,843.0000	4,634,633.74	.55
PETIQ INC	PETQ	71639T106	COMMON STOCK	42,000.0000	801,360.00	.09
PHREESIA INC	PHR	71944F106	COMMON STOCK	36,191.0000	1,030,357.77	.12
PINNACLE FINANCIAL PARTNERS	PNFP	72346Q104	COMMON STOCK	50,066.0000	3,332,392.96	.39
PORTLAND GENERAL ELECTRIC CO	POR	736508847	COMMON STOCK	98,156.0000	4,305,122.16	.51
POWER INTEGRATIONS INC	POWI	739276103	COMMON STOCK	44,700.0000	3,755,694.00	.45
PRESTIGE CONSUMER HEALTHCARE	PBH	74112D101	COMMON STOCK	84,764.0000	4,944,284.12	.59
PRIMORIS SERVICES CORP	PRIM	74164F103	COMMON STOCK	79,558.0000	2,813,966.46	.33
PRIMERICA INC	PRI	74164M108	COMMON STOCK	21,879.0000	4,396,803.84	.52
PROCORE TECHNOLOGIES INC	PCOR	74275K108	COMMON STOCK	6,506.0000	439,480.30	.05
PROCEPT BIOROBOTICS CORP	PRCT	74276L105	COMMON STOCK	29,716.0000	1,013,612.76	.12
RAMBUS INC	RMBS	750917106	COMMON STOCK	4,472.0000	252,533.84	.03
RAYMOND JAMES FINANCIAL INC	RJF	754730109	COMMON STOCK	42,400.0000	4,434,616.00	.53
REAL GOOD FOOD CO INC/THE		75601G109	COMMON STOCK	98,612.0000	388,531.28	.05
REGAL REXNORD CORP	RRX	758750103	COMMON STOCK	19,143.0000	3,104,803.17	.37
REMITLY GLOBAL INC		75960P104	COMMON STOCK	109,648.0000	2,757,647.20	.33
REVOLUTION MEDICINES INC	RVMD	76155X100	COMMON STOCK	26,970.0000	916,170.90	.11
RHYTHM PHARMACEUTICALS INC	RYTM	76243J105	COMMON STOCK	31,104.0000	809,015.04	.10
RXSIGHT INC	RXST	78349D107	COMMON STOCK	73,450.0000	2,130,784.50	.25
SBA COMMUNICATIONS CORP	SBAC	78410G104	REIT - Real Estate Invesment Trust	27,000.0000	6,062,310.00	.72
SPS COMMERCE INC	SPSC	78463M107	COMMON STOCK	1,637.0000	304,694.81	.04
SPX TECHNOLOGIES INC	SPXC	78473E103	COMMON STOCK	4,102.0000	324,140.04	.04
SAIA INC	SAIA	78709Y105	COMMON STOCK	1,142.0000	486,720.40	.06
SAVERS VALUE VILLAGE INC	SVV	80517M109	COMMON STOCK	5,484.0000	135,729.00	.02
SHIFT4 PAYMENTS INC-CLASS A	FOUR	82452J109	COMMON STOCK	1,750.0000	99,382.50	.01
SILICON LABORATORIES INC	SLAB	826919102	COMMON STOCK	13,130.0000	1,770,711.80	.21
SILGAN HOLDINGS INC	SLGN	827048109	COMMON STOCK	57,825.0000	2,609,642.25	.31
SIMPSON MANUFACTURING CO INC	SSD	829073105	COMMON STOCK	1,462.0000	233,569.12	.03
SITEONE LANDSCAPE SUPPLY INC	SITE	82982L103	COMMON STOCK	2,444.0000	418,388.36	.05
SKECHERS USA INC-CL A	SKX	830566105	COMMON STOCK	4,333.0000	217,993.23	.03
SKYLINE CHAMPION CORP	SKY	830830105	COMMON STOCK	2,310.0000	164,633.70	.02
SKYWORKS SOLUTIONS INC	SWKS	83088M102	COMMON STOCK	51,400.0000	5,589,236.00	.66
SKYWATER TECHNOLOGY INC	SKYT	83089J108	COMMON STOCK	98,837.0000	662,207.90	.08
SKYWARD SPECIALTY INSURANCE	SKWD	830940102	COMMON STOCK	38,113.0000	926,908.16	.11
SOVOS BRANDS INC	SOVO	84612U107	COMMON STOCK	68,139.0000	1,526,313.60	.18
SPIRE INC	SR	84857L101	COMMON STOCK	25,830.0000	1,508,730.30	.18
SPRINGWORKS THERAPEUTICS INC	SWTX	85205L107	COMMON STOCK	49,173.0000	1,385,695.14	.16
STAG INDUSTRIAL INC	STAG	85254J102	REIT - Real Estate Invesment Trust	113,016.0000	4,128,474.48	.49
STANDEX INTERNATIONAL CORP	SXI	854231107	COMMON STOCK	27,727.0000	4,259,699.01	.50
STERLING INFRASTRUCTURE INC	STRL	859241101	COMMON STOCK	44,950.0000	3,720,062.00	.44
STRIDE INC	LRN	86333M108	COMMON STOCK	22,102.0000	939,113.98	.11
SUMMIT MATERIALS INC -CL A	SUM	86614U100	COMMON STOCK	6,200.0000	231,942.00	.03
SUN COUNTRY AIRLINES HOLDING	SNCY	866683105	COMMON STOCK	71,826.0000	1,069,489.14	.13
SUPER MICRO COMPUTER INC	SMCI	86800U104	COMMON STOCK	3,236.0000	890,158.88	.11
TACTILE SYSTEMS TECHNOLOGY I	TCMD	87357P100	COMMON STOCK	71,357.0000	1,352,215.15	.16
TARGET CORP	TGT	87612E106	COMMON STOCK	35,000.0000	4,429,250.00	.52
TEGNA INC	TGNA	87901J105	COMMON STOCK	79,116.0000	1,307,787.48	.15
TEREX CORP	TEX	880779103	COMMON STOCK	1,893.0000	114,734.73	.01
TERNS PHARMACEUTICALS INC	TERN	880881107	COMMON STOCK	83,220.0000	438,569.40	.05
TETRA TECH INC	TTEK	88162G103	COMMON STOCK	1,436.0000	225,954.60	.03
TEXAS ROADHOUSE INC	TXRH	882681109	COMMON STOCK	1,589.0000	165,414.90	.02
TIDEWATER INC	TDW	88642R109	COMMON STOCK	38,547.0000	2,506,711.41	.30
TRANSMEDICS GROUP INC	TMDX	89377M109	COMMON STOCK	58,794.0000	3,858,650.22	.46
TREACE MEDICAL CONCEPTS INC	TMCI	89455T109	COMMON STOCK	70,572.0000	1,097,394.60	.13
TREEHOUSE FOODS INC	THS	89469A104	COMMON STOCK	82,620.0000	3,843,482.40	.46
TRIUMPH FINANCIAL INC	TFIN	89679E300	COMMON STOCK	14,457.0000	928,573.11	.11
US BANCORP	USB	902973304	COMMON STOCK	116,000.0000	4,237,480.00	.50
ULTRAGENYX PHARMACEUTICAL IN	RARE	90400D108	COMMON STOCK	3,546.0000	130,457.34	.02
UNITED RENTALS INC	URI	911363109	COMMON STOCK	8,400.0000	4,002,936.00	.47
UNIVEST CORP OF PENNSYLVANIA	UVSP	915271100	COMMON STOCK	84,583.0000	1,521,648.17	.18
UPWORK INC	UPWK	91688F104	COMMON STOCK	91,100.0000	1,349,191.00	.16
URANIUM ENERGY CORP	UEC	916896103	COMMON STOCK	459,554.0000	1,985,273.28	.24
URBAN OUTFITTERS INC	URBN	917047102	COMMON STOCK	67,567.0000	2,243,900.07	.27
VALLEY NATIONAL BANCORP	VLY	919794107	COMMON STOCK	328,753.0000	3,017,952.54	.36
VALMONT INDUSTRIES	VMI	920253101	COMMON STOCK	11,276.0000	2,858,466.00	.34
VALVOLINE INC	VVV	92047W101	COMMON STOCK	75,749.0000	2,608,795.56	.31
VAXCYTE INC	PCVX	92243G108	COMMON STOCK	58,642.0000	3,044,692.64	.36
VENTYX BIOSCIENCES INC	VTYX	92332V107	COMMON STOCK	81,152.0000	2,718,592.00	.32
VERACYTE INC	VCYT	92337F107	COMMON STOCK	51,088.0000	1,348,723.20	.16
VIAVI SOLUTIONS INC	VIAV	925550105	COMMON STOCK	357,219.0000	3,732,938.55	.44
VISTEON CORP	VC	92839U206	COMMON STOCK	2,085.0000	290,377.95	.03
VITA COCO CO INC/THE		92846Q107	COMMON STOCK	117,262.0000	3,317,341.98	.39
WABASH NATIONAL CORP	WNC	929566107	COMMON STOCK	109,179.0000	2,461,986.45	.29
WILLSCOT MOBILE MINI HOLDING		971378104	COMMON STOCK	4,392.0000	180,159.84	.02
WINGSTOP INC	WING	974155103	COMMON STOCK	609.0000	97,829.76	.01
WINTRUST FINANCIAL CORP	WTFC	97650W108	COMMON STOCK	57,728.0000	4,480,270.08	.53
WORLD WRESTLING ENTERTAIN-A	WWE	98156Q108	COMMON STOCK	2,674.0000	258,174.70	.03
WW INTERNATIONAL INC	WW	98262P101	COMMON STOCK	230,409.0000	2,237,271.39	.27
XPEL INC	XPEL	98379L100	COMMON STOCK	31,667.0000	2,637,861.10	.31
XCEL ENERGY INC	XEL	98389B100	COMMON STOCK	99,800.0000	5,701,574.00	.68
XPONENTIAL FITNESS INC-A		98422X101	COMMON STOCK	137,902.0000	2,986,957.32	.35
YEXT INC	YEXT	98585N106	COMMON STOCK	117,155.0000	1,026,277.80	.12
YETI HOLDINGS INC	YETI	98585X104	COMMON STOCK	26,035.0000	1,300,448.25	.15
ZIMMER BIOMET HOLDINGS INC	ZBH	98956P102	COMMON STOCK	37,400.0000	4,455,088.00	.53
BIOHAVEN LTD	BHVN-W	BPLZ7S5	COMMON STOCK	4,946.0000	90,462.34	.01
ESTABLISHMENT LABS HOLDINGS		BYVR2D4	COMMON STOCK	18,971.0000	1,145,279.27	.14

As of 08/31/2023.

Distributions

Fund Name	Fund Cusip	Distribution Type	Amount per Share	Ex Date	Reinvest Date	Reinvest Price
Destinations Small-Mid Cap Equity Fund	10964R855	Short-Term Capital Gains	0.007805	12/15/2022	12/15/2022	$8.37
Destinations Small-Mid Cap Equity Fund	10964R855	Long-Term Capital Gains	0.396520	12/15/2022	12/15/2022	$8.37
Destinations Small-Mid Cap Equity Fund	10964R855	Short-Term Capital Gains	1.891249	12/16/2021	12/16/2021	$10.37
Destinations Small-Mid Cap Equity Fund	10964R855	Long-Term Capital Gains	2.110002	12/16/2021	12/16/2021	$10.37
Destinations Small-Mid Cap Equity Fund	10964R855	Dividend	0.021682	12/16/2020	12/16/2020	$11.50
Destinations Small-Mid Cap Equity Fund	10964R855	Short-Term Capital Gains	0.161806	12/16/2020	12/16/2020	$11.50
Destinations Small-Mid Cap Equity Fund	10964R855	Long-Term Capital Gains	0.138242	12/16/2020	12/16/2020	$11.50
Destinations Small-Mid Cap Equity Fund	10964R855	Dividend	0.079231	12/16/2019	12/16/2019	$9.69
Destinations Small-Mid Cap Equity Fund	10964R855	Short-Term Capital Gains	0.070163	12/16/2019	12/16/2019	$9.69
Destinations Small-Mid Cap Equity Fund	10964R855	Long-Term Capital Gains	0.361454	12/16/2019	12/16/2019	$9.69
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	0.08%
AFFE	None
Total Annual Fund Operating Expenses	0.98%
Fee waivers and expense reimbursements	-0.01%
Total Annual Fund Operating Expenses Less Fee Waivers and Expense Reimbursements	0.97%*

Contact

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 Investments LLC
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

Media Relations
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.