Destinations Small-Mid Cap Equity Fund

Overview

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

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

  • Ceredex Value Advisors LLC is the sub-adviser of Ceredex Mid-Cap Value which employes a disciplined and methodical bottom-up stock selection process with an emphasis on dividends, valuation and fundamentals.
  • Driehaus Capital Management LLC is the sub-adviser of Driehaus Micro Cap Growth which focuses on micro and small cap companies with company-specific growth inflection points.
  • LMCG Investments, LLC is the sub-adviser of the LMCG Small Cap Value Strategy which employs a classic value approach with an emphasis on purchasing high quality companies at a discount to intrinsic value.
Fund performance as of 6/30/17
Annualized
MTD QTD YTD 1 Year 3 Years 5 Years Since
Inception
Destinations Small-Mid Cap Equity Fund
2.55%
2.85%
N/A
N/A
N/A
N/A
4.50%
Russell 2500 Index
2.50%
2.13%
N/A
N/A
N/A
N/A
1.70%

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 1-877-771-7979. Year-to-date (YTD) returns are not listed for the Funds as a full year of performance does not yet exist.

*Effective March 20, 2017, the Fund’s adviser, Brinker Capital, Inc. (“Brinker” or the “Adviser”), has contractually agreed to waive a portion of its management fee for a period of one year as necessary to keep the Fund’s management fee from exceeding 0.39% more than the total amount of sub-advisory fees paid by the Adviser. This contractual waiver will only apply if the Fund’s total management fees exceed the total amount of sub-advisory fees paid by the Adviser plus 0.39%, and will not affect the Fund’s total management fees if they are less than such amount. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2018. The agreement may be amended or terminated only with the consent of the Board of Trustees.

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

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

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

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

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

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

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

Fund facts
  • Ticker: DSMFX
  • CUSIP: 10964R202
  • Benchmark: Russell 2500 Index
  • Inception date: 03/20/2017
  • Gross expense ratio: 1.15%
  • Net expense ratio: 1.02%*
Daily NAV Date: 09/18/2017

Management team

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

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

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

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

  • Leigh A. Lowman
    Leigh A. Lowman Investment Manager

    Leigh A. Lowman is an Investment Manager at Brinker Capital with portfolio management responsibilities for the Destinations program. Prior to joining Brinker Capital in 2015, Ms. Lowman was an outreach analyst for The Investment Fund for Foundations (TIFF) and a senior associate for Mondrian Investment Partners. Ms. Lowman was previously at Brinker Capital from 2004 to 2010 as an investment associate and operations analyst. Ms. Lowman has a B.A. in Economics from Wittenberg University.

Performance

Fund performance as of 6/30/17
Annualized
MTD QTD YTD 1 Year 3 Years 5 Years Since
Inception
Inception
Date
Gross
expense
ratio
Net
expense
ratio*
Destinations Small-Mid Cap Equity Fund
2.55%
2.85%
N/A
N/A
N/A
N/A
4.50%
3/20/2017
1.15%
1.02%
Russell 2500 Index
2.50%
2.13%
N/A
N/A
N/A
N/A
1.70%

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 1-877-771-7979. Year-to-date (YTD) returns are not listed for the Funds as a full year of performance does not yet exist.

*Effective March 20, 2017, the Fund’s adviser, Brinker Capital, Inc. (“Brinker” or the “Adviser”), has contractually agreed to waive a portion of its management fee for a period of one year as necessary to keep the Fund’s management fee from exceeding 0.39% more than the total amount of sub-advisory fees paid by the Adviser. This contractual waiver will only apply if the Fund’s total management fees exceed the total amount of sub-advisory fees paid by the Adviser plus 0.39%, and will not affect the Fund’s total management fees if they are less than such amount. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2018. The agreement may be amended or terminated only with the consent of the Board of Trustees.

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

Holdings

Security DescriptionTicker SymbolSecurity IDSecurity Type DescriptionQuantityBase Market ValuePercent TNA
US DOLLARSCASHUSDCURRENCY20,684,911.610020,684,911.613.71
MATERIALISE NV-ADRMTLS57667T100COMMON STOCK30,871.0000426,637.22.08
LAZARD LTD-CL ALAZB081VQ7COMMON STOCK46,500.00001,994,385.00.36
VALIDUS HOLDINGS LTDVRB23HRW2COMMON STOCK21,427.00001,074,564.05.19
BANK OF N.T. BUTTERFIELD&SONNTBBD8FF02COMMON STOCK29,803.0000979,922.64.18
CLEMENTIA PHARMACEUTICALS INCMTA185575107COMMON STOCK55,751.0000910,413.83.16
MASONITE INTERNATIONAL CORPDOOR575385109COMMON STOCK11,162.0000706,554.60.13
ICHOR HOLDINGS LTDICHRBD2B5Y0COMMON STOCK67,967.00001,555,084.96.28
SMART GLOBAL HOLDINGS INCSGHBYPBTG4COMMON STOCK85,064.00001,690,221.68.30
SEQUANS COMMUNICATIONS-ADRSQNS817323108COMMON STOCK156,468.0000485,050.80.09
TALEND SA - ADRTLND874224207COMMON STOCK17,901.0000705,299.40.13
PENTAIR PLCBLS09M3COMMON STOCK24,300.00001,507,815.00.27
PERRIGO COMPANY PLCPRGOG97822103COMMON STOCK53,300.00004,208,568.00.75
FOAMIX PHARMACEUTICALS LTDFOMXBQRB1Q0COMMON STOCK70,464.0000363,594.24.07
KORNIT DIGITAL LTDKRNTBWFRFD7COMMON STOCK31,615.0000537,455.00.10
SILICOM LTDSILCM84116108COMMON STOCK2,432.0000133,030.40.02
SODASTREAM INTERNATIONAL LTDSODAM9068E105COMMON STOCK16,498.0000993,674.54.18
MIMECAST LTDMIMEBYT5JK6COMMON STOCK62,879.00001,700,876.95.31
GLOBANT SAGLOBBP40HF4COMMON STOCK11,374.0000442,334.86.08
CORE LABORATORIES N.V.CLBN22717107COMMON STOCK25,200.00002,222,136.00.40
OXFORD IMMUNOTEC GLOBAL PLCOXFDBGFBB95COMMON STOCK40,310.0000637,704.20.11
STERIS PLCSTEG84720104COMMON STOCK12,500.00001,089,500.00.20
AMC ENTERTAINMENT HLDS-CL AAMC00165C104COMMON STOCK178,300.00002,389,220.00.43
AXT INCAXTI00246W103COMMON STOCK131,043.00001,022,135.40.18
ACLARIS THERAPEUTICS INCACRS00461U105COMMON STOCK22,071.0000572,301.03.10
ACTUANT CORP-AATU00508X203COMMON STOCK29,414.0000707,406.70.13
ACUITY BRANDS INCAYI00508Y102COMMON STOCK16,200.00002,863,998.00.51
ADESTO TECHNOLOGIES CORPIOTS00687D101COMMON STOCK50,184.0000326,196.00.06
AERIE PHARMACEUTICALS INCAERI00771V108COMMON STOCK16,162.0000926,890.70.17
ADVANSIX INCASIX00773T101COMMON STOCK26,430.0000843,909.90.15
AFFILIATED MANAGERS GROUPAMG008252108COMMON STOCK18,000.00003,180,420.00.57
AIR PRODUCTS & CHEMICALS INCAPD009158106COMMON STOCK20,900.00003,038,233.00.54
AIR TRANSPORT SERVICES GROUPATSG00922R105COMMON STOCK56,265.00001,291,844.40.23
ALASKA AIR GROUP INCALK011659109COMMON STOCK44,600.00003,329,836.00.60
ALLEGHENY TECHNOLOGIES INCATI01741R102COMMON STOCK57,649.00001,200,828.67.22
ALTISOURCE RESIDENTIAL CORPRESI02153W100REIT - Real Estate Invesment Trust51,591.0000624,767.01.11
ALTERYX INC - CLASS AAYX02156B103COMMON STOCK64,652.00001,525,140.68.27
ALTRA INDUSTRIAL MOTION CORPAIMC02208R106COMMON STOCK29,370.00001,352,488.50.24
AMERICAN CAMPUS COMMUNITIESACC024835100REIT - Real Estate Invesment Trust75,800.00003,607,322.00.65
AMERICAN HOMES 4 RENT- AAMH02665T306REIT - Real Estate Invesment Trust101,100.00002,240,376.00.40
AMERICAN WATER WORKS CO INCAWK030420103COMMON STOCK44,200.00003,575,780.00.64
AMERISOURCEBERGEN CORPABC03073E105COMMON STOCK46,300.00003,715,575.00.67
AMETEK INCAME031100100COMMON STOCK20,600.00001,302,950.00.23
ANALOG DEVICES INCADI032654105COMMON STOCK43,700.00003,656,379.00.66
ANGIE'S LIST INCANGI034754101COMMON STOCK59,871.0000728,031.36.13
ATLAS AIR WORLDWIDE HOLDINGSAAWW049164205COMMON STOCK18,490.00001,235,132.00.22
AUDENTES THERAPEUTICS INCBOLD05070R104COMMON STOCK51,309.00001,076,975.91.19
AXCELIS TECHNOLOGIES INCACLS054540208COMMON STOCK27,458.0000573,872.20.10
AXOGEN INCAXGN05463X106COMMON STOCK81,875.00001,441,000.00.26
B&G FOODS INCBGS05508R106COMMON STOCK20,451.0000623,755.50.11
BANC OF CALIFORNIA INCBANC05990K106COMMON STOCK22,061.0000409,231.55.07
BANKUNITED INCBKU06652K103COMMON STOCK164,252.00005,466,306.56.98
BIOTELEMETRY INCBEAT090672106COMMON STOCK36,066.00001,339,851.90.24
BLACKHAWK NETWORK HOLDINGS I09238E104COMMON STOCK34,462.00001,543,897.60.28
BLACKSTONE MORTGAGE TRU-CL ABXMT09257W100REIT - Real Estate Invesment Trust58,439.00001,832,062.65.33
BLUEPRINT MEDICINES CORPBPMC09627Y109COMMON STOCK22,510.00001,220,492.20.22
BOINGO WIRELESS INCWIFI09739C102COMMON STOCK28,687.0000590,665.33.11
BROADSOFT INCBSFT11133B409COMMON STOCK25,626.00001,269,768.30.23
BUFFALO WILD WINGS INCBWLD119848109COMMON STOCK4,090.0000420,247.50.08
CMS ENERGY CORPCMS125896100COMMON STOCK65,100.00003,159,954.00.57
CSRA INCCSRA12650T104COMMON STOCK52,848.00001,665,240.48.30
CABOT OIL & GAS CORPCOG127097103COMMON STOCK177,100.00004,524,905.00.81
CACI INTERNATIONAL INC -CL ACACI127190304COMMON STOCK6,817.0000884,846.60.16
CALAVO GROWERS INCCVGW128246105COMMON STOCK10,260.0000688,959.00.12
CALLAWAY GOLF COMPANYELY131193104COMMON STOCK129,571.00001,806,219.74.32
CALLON PETROLEUM COCPE13123X102COMMON STOCK72,562.0000751,742.32.13
CARDIOVASCULAR SYSTEMS INCCSII141619106COMMON STOCK27,580.0000810,024.60.15
CARRIZO OIL & GAS INCCRZO144577103COMMON STOCK45,299.0000608,818.56.11
CASELLA WASTE SYSTEMS INC-ACWST147448104COMMON STOCK42,000.0000706,020.00.13
CEVA INCCEVA157210105COMMON STOCK6,462.0000262,034.10.05
CHARLES RIVER LABORATORIESCRL159864107COMMON STOCK12,778.00001,390,246.40.25
CHEGG INCCHGG163092109COMMON STOCK78,982.00001,120,754.58.20
CHEMICAL FINANCIAL CORPCHFC163731102COMMON STOCK24,860.00001,128,892.60.20
CLEAN HARBORS INCCLH184496107COMMON STOCK18,434.0000997,095.06.18
COACH INCCOH189754104COMMON STOCK22,900.0000954,930.00.17
COGENT COMMUNICATIONS HOLDINCCOI19239V302COMMON STOCK15,324.0000714,098.40.13
COLUMBIA PROPERTY TRUST INC198287203REIT - Real Estate Invesment Trust43,823.0000920,283.00.17
COLUMBUS MCKINNON CORP/NYCMCO199333105COMMON STOCK19,061.0000629,584.83.11
CONTROL4 CORPCTRL21240D107COMMON STOCK35,296.0000873,928.96.16
CORPORATE OFFICE PROPERTIESOFC22002T108REIT - Real Estate Invesment Trust43,307.00001,444,721.52.26
COUSINS PROPERTIES INCCUZ222795106REIT - Real Estate Invesment Trust317,300.00002,966,755.00.53
CROCS INCCROX227046109COMMON STOCK64,927.0000579,798.11.10
CRYOLIFE INCCRY228903100COMMON STOCK39,895.0000829,816.00.15
CYMABAY THERAPEUTICS INCCBAY23257D103COMMON STOCK51,873.0000323,687.52.06
CYPRESS SEMICONDUCTOR CORPCY232806109COMMON STOCK294,100.00004,026,229.00.72
CYRUSONE INC23283R100REIT - Real Estate Invesment Trust41,000.00002,584,230.00.46
DSW INC-CLASS ADSW23334L102COMMON STOCK36,110.0000669,118.30.12
DARLING INGREDIENTS INCDAR237266101COMMON STOCK89,007.00001,548,721.80.28
DIEBOLD NIXDORF INCDBD253651103COMMON STOCK44,129.0000902,438.05.16
DOLLAR GENERAL CORPDG256677105COMMON STOCK32,800.00002,379,968.00.43
DR PEPPER SNAPPLE GROUP INCDPS26138E109COMMON STOCK52,200.00004,752,810.00.85
EAGLE BANCORP INCEGBN268948106COMMON STOCK3,959.0000246,249.80.04
EDISON INTERNATIONALEIX281020107COMMON STOCK35,000.00002,806,300.00.50
EDUCATION REALTY TRUST INC28140H203REIT - Real Estate Invesment Trust29,433.00001,137,291.12.20
ELDORADO RESORTS INCERI28470R102COMMON STOCK43,909.00001,009,907.00.18
EMCOR GROUP INCEME29084Q100COMMON STOCK19,502.00001,287,912.08.23
ENPRO INDUSTRIES INCNPO29355X107COMMON STOCK22,173.00001,562,531.31.28
ENVISION HEALTHCARE CORPEVHC29414D100COMMON STOCK22,433.00001,175,713.53.21
EVERBRIDGE INCEVBG29978A104COMMON STOCK40,079.0000928,630.43.17
EVERI HOLDINGS INCEVRI30034T103COMMON STOCK126,801.0000977,635.71.18
EVERSPIN TECHNOLOGIES INCMRAM30041T104COMMON STOCK43,438.0000708,039.40.13
EXPRESS INCEXPR30219E103COMMON STOCK19,680.0000125,361.60.02
FNB CORPFNB302520101COMMON STOCK114,902.00001,458,106.38.26
FEDERAL SIGNAL CORPFSS313855108COMMON STOCK42,508.0000794,474.52.14
FEDERATED INVESTORS INC-CL BFII314211103COMMON STOCK13,692.0000373,928.52.07
FERRO CORPFOE315405100COMMON STOCK64,959.00001,251,759.93.22
FIRST HORIZON NATIONAL CORPFHN320517105COMMON STOCK82,590.00001,421,373.90.25
FIRST REPUBLIC BANK/CAFRC33616C100COMMON STOCK27,300.00002,649,465.00.48
FIRSTENERGY CORPFE337932107COMMON STOCK79,200.00002,580,336.00.46
FIVE9 INCFIVN338307101COMMON STOCK86,618.00001,862,287.00.33
FOX FACTORY HOLDING CORPFOXF35138V102COMMON STOCK26,005.00001,040,200.00.19
FRESHPET INCFRPT358039105COMMON STOCK77,949.00001,235,491.65.22
H.B. FULLER CO.FUL359694106COMMON STOCK18,022.0000904,524.18.16
G-III APPAREL GROUP LTDGIII36237H101COMMON STOCK15,827.0000435,242.50.08
GTT COMMUNICATIONS INCGTT362393100COMMON STOCK65,213.00002,070,512.75.37
GENERAC HOLDINGS INCGNRC368736104COMMON STOCK24,050.0000971,139.00.17
GLOBAL BLOOD THERAPEUTICS INGBT37890U108COMMON STOCK22,419.0000681,537.60.12
GOLDEN ENTERTAINMENT INCGDEN381013101COMMON STOCK24,113.0000547,847.36.10
GREAT PLAINS ENERGY INCGXP391164100COMMON STOCK167,296.00005,134,314.24.92
H&E EQUIPMENT SERVICES INCHEES404030108COMMON STOCK14,538.0000342,224.52.06
HAIN CELESTIAL GROUP INCHAIN405217100COMMON STOCK28,438.00001,143,776.36.21
HANCOCK HOLDING COHBHC410120109COMMON STOCK27,521.00001,209,547.95.22
HANOVER INSURANCE GROUP INC/THG410867105COMMON STOCK15,007.00001,473,387.26.26
HARRIS CORPHRS413875105COMMON STOCK20,600.00002,531,740.00.45
HARTFORD FINANCIAL SVCS GRPHIG416515104COMMON STOCK34,200.00001,849,194.00.33
HAWAIIAN ELECTRIC INDSHE419870100COMMON STOCK18,482.0000617,668.44.11
HEALTHSOUTH CORPHLS421924309COMMON STOCK32,700.00001,496,025.00.27
HEALTH INSURANCE INNOVATIO-AHIIQ42225K106COMMON STOCK24,816.0000835,058.40.15
HERCULES CAPITAL INCHTGC427096508COMMON STOCK83,963.00001,024,348.60.18
HESKA CORPHSKA42805E306COMMON STOCK7,159.0000728,213.48.13
HEXCEL CORPHXL428291108COMMON STOCK20,162.00001,084,110.74.19
HORACE MANN EDUCATORSHMN440327104COMMON STOCK40,535.00001,424,805.25.26
HORMEL FOODS CORPHRL440452100COMMON STOCK105,900.00003,255,366.00.58
HORIZON GLOBAL CORPHZN44052W104COMMON STOCK54,156.0000931,483.20.17
HOSTESS BRANDS INCTWNK44109J106COMMON STOCK61,399.0000819,062.66.15
HUBBELL INCHUBB443510607COMMON STOCK18,900.00002,131,731.00.38
HUDSON TECHNOLOGIES INCHDSN444144109COMMON STOCK118,155.00001,051,579.50.19
HUMANA INCHUM444859102COMMON STOCK12,000.00003,091,440.00.55
HURON CONSULTING GROUP INCHURN447462102COMMON STOCK23,648.0000715,352.00.13
IRHYTHM TECHNOLOGIES INCIRTC450056106COMMON STOCK27,072.00001,292,417.28.23
ITT INCITT45073V108COMMON STOCK26,358.00001,063,808.88.19
IBERIABANK CORPIBKC450828108COMMON STOCK23,419.00001,793,895.40.32
IDACORP INCIDA451107106COMMON STOCK9,825.0000874,228.50.16
IMMUNOMEDICS INCIMMU452907108COMMON STOCK110,978.00001,402,761.92.25
IMPINJ INCPI453204109COMMON STOCK12,976.0000496,202.24.09
INFINITY PROPERTY & CASUALTYIPCC45665Q103COMMON STOCK11,304.0000999,838.80.18
INGEVITY CORPNGVT45688C107COMMON STOCK10,676.0000672,267.72.12
INOGEN INCINGN45780L104COMMON STOCK19,034.00001,823,457.20.33
INTERNATIONAL PAPER COIP460146103COMMON STOCK20,100.00001,082,787.00.19
INTERSECT ENT INCXENT46071F103COMMON STOCK34,419.00001,063,547.10.19
INVITATION HOMES INCINVH46187W107REIT - Real Estate Invesment Trust47,800.00001,106,092.00.20
ISHARES S&P MID-CAP ETFIJH464287507POOLED INVESTMENTS433,262.000074,872,006.2213.43
ISHARES RUSSELL 2000 VALUE EIWN464287630POOLED INVESTMENTS3,285.0000381,651.30.07
ISHARES CORE S&P SMALL-CAP EIJR464287804POOLED INVESTMENTS757,178.000052,298,284.469.38
K2M GROUP HOLDINGS INCKTWO48273J107COMMON STOCK25,984.0000607,505.92.11
KADANT INCKAI48282T104COMMON STOCK8,893.0000772,357.05.14
KALA PHARMACEUTICALS INCKALA483119103COMMON STOCK22,708.0000574,512.40.10
KINSALE CAPITAL GROUP INCKNSL49714P108COMMON STOCK15,628.0000591,519.80.11
KORN/FERRY INTERNATIONALKFY500643200COMMON STOCK41,609.00001,386,411.88.25
KRATOS DEFENSE & SECURITYKTOS50077B207COMMON STOCK44,516.0000595,624.08.11
LEMAITRE VASCULAR INCLMAT525558201COMMON STOCK24,107.0000877,494.80.16
LEXINGTON REALTY TRUST REITLXP529043101REIT - Real Estate Invesment Trust72,188.0000711,773.68.13
LIFE STORAGE INCLSI53223X107REIT - Real Estate Invesment Trust63,300.00004,658,247.00.84
LIVE OAK BANCSHARES INCLOB53803X105COMMON STOCK65,586.00001,465,847.10.26
LOXO ONCOLOGY INCLOXO548862101COMMON STOCK24,503.00002,043,550.20.37
LUMBER LIQUIDATORS HOLDINGSLL55003T107COMMON STOCK26,374.0000989,816.22.18
WILLIAM LYON HOMES-CL AWLH552074700COMMON STOCK51,151.00001,227,112.49.22
MB FINANCIAL INCMBFI55264U108COMMON STOCK145,582.00005,789,796.141.04
MCBC HOLDINGS INCMCFT55276F107COMMON STOCK48,215.0000826,405.10.15
MGP INGREDIENTS INCMGPI55303J106COMMON STOCK17,242.0000969,517.66.17
MACOM TECHNOLOGY SOLUTIONSMTSI55405Y100COMMON STOCK29,146.00001,327,308.84.24
MACQUARIE INFRASTRUCTURE CORMIC55608B105COMMON STOCK60,400.00004,498,592.00.81
STEVEN MADDEN LTDSHOO556269108COMMON STOCK17,734.0000751,921.60.13
MAGNACHIP SEMICONDUCTMX55933J203COMMON STOCK81,859.0000933,192.60.17
MALIBU BOATS INC - AMBUU56117J100COMMON STOCK49,532.00001,335,878.04.24
MARATHON PETROLEUM CORPMPC56585A102COMMON STOCK21,500.00001,127,675.00.20
MARTIN MARIETTA MATERIALSMLM573284106COMMON STOCK22,675.00004,806,873.25.86
MATTEL INCMAT577081102COMMON STOCK136,300.00002,210,786.00.40
MATTHEWS INTL CORP-CLASS AMATW577128101COMMON STOCK12,679.0000763,909.75.14
MAXIMUS INCMMS577933104COMMON STOCK36,700.00002,230,626.00.40
MEDICAL PROPERTIES TRUST INCMPW58463J304REIT - Real Estate Invesment Trust283,800.00003,734,808.00.67
MERCURY SYSTEMS INCMRCY589378108COMMON STOCK21,480.00001,036,410.00.19
MERIT MEDICAL SYSTEMS INCMMSI589889104COMMON STOCK14,614.0000603,558.20.11
MICHAELS COS INC/THEMIK59408Q106COMMON STOCK21,006.0000471,584.70.08
MILACRON HOLDINGS CORPMCRN59870L106COMMON STOCK65,221.00001,040,274.95.19
MITEK SYSTEMS INCMITK606710200COMMON STOCK79,288.0000804,773.20.14
MODINE MANUFACTURING COMOD607828100COMMON STOCK84,704.00001,367,969.60.25
MOLSON COORS BREWING CO -BTAP60871R209COMMON STOCK45,300.00004,065,675.00.73
MONARCH CASINO & RESORT INCMCRI609027107COMMON STOCK8,748.0000311,166.36.06
MONMOUTH REAL ESTATE INV CORMNR609720107REIT - Real Estate Invesment Trust53,308.0000866,255.00.16
MOTOROLA SOLUTIONS INCMSI620076307COMMON STOCK50,800.00004,476,496.00.80
MURPHY USA INCMUSA626755102COMMON STOCK32,672.00002,106,037.12.38
MYOKARDIA INCMYOK62857M105COMMON STOCK29,772.00001,290,616.20.23
NMI HOLDINGS INC-CLASS ANMIH629209305COMMON STOCK74,414.0000807,391.90.14
NN INCNNBR629337106COMMON STOCK20,999.0000535,474.50.10
NV5 GLOBAL INCNVEE62945V109COMMON STOCK13,615.0000656,923.75.12
NATERA INCNTRA632307104COMMON STOCK85,690.00001,058,271.50.19
NATIONAL RETAIL PROPERTIESNNN637417106REIT - Real Estate Invesment Trust82,600.00003,455,158.00.62
NEOGENOMICS INCNEO64049M209COMMON STOCK73,260.0000740,658.60.13
NEXSTAR MEDIA GROUP INC-CL ANXST65336K103COMMON STOCK23,442.00001,411,208.40.25
NOBLE ENERGY INCNBL655044105COMMON STOCK149,200.00003,546,484.00.64
NUTRISYSTEM INCNTRI67069D108COMMON STOCK8,974.0000487,288.20.09
OCLARO INCOCLR67555N206COMMON STOCK36,619.0000307,965.79.06
OLIN CORPOLN680665205COMMON STOCK15,245.0000491,346.35.09
ORASURE TECHNOLOGIES INCOSUR68554V108COMMON STOCK36,880.0000752,720.80.14
OVID THERAPEUTICS INCOVID690469101COMMON STOCK35,675.0000336,058.50.06
OXFORD INDUSTRIES INCOXM691497309COMMON STOCK10,753.0000621,630.93.11
PGT INNOVATIONS INCPGTI69336V101COMMON STOCK65,248.0000861,273.60.15
PPL CORPPPL69351T106COMMON STOCK86,600.00003,398,184.00.61
PACWEST BANCORPPACW695263103COMMON STOCK49,100.00002,216,865.00.40
PATRICK INDUSTRIES INCPATK703343103COMMON STOCK8,591.0000635,734.00.11
PATTERSON COS INCPDCO703395103COMMON STOCK29,694.00001,143,219.00.21
PATTERSON-UTI ENERGY INCPTEN703481101COMMON STOCK146,700.00002,342,799.00.42
PERFORMANCE FOOD GROUP COPFGC71377A103COMMON STOCK24,207.0000672,954.60.12
PETMED EXPRESS INCPETS716382106COMMON STOCK21,473.0000778,825.71.14
PINNACLE FINANCIAL PARTNERSPNFP72346Q104COMMON STOCK36,800.00002,288,960.00.41
PINNACLE FOODS INCPF72348P104COMMON STOCK20,300.00001,203,993.00.22
PORTLAND GENERAL ELECTRIC COPOR736508847COMMON STOCK33,802.00001,605,933.02.29
PREFERRED BK LOS ANGELES CA COM NEWPFBC740367404COMMON STOCK16,253.0000874,411.40.16
PRIMO WATER CORPPRMW74165N105COMMON STOCK29,156.0000319,258.20.06
PROGRESSIVE CORPPGR743315103COMMON STOCK71,100.00003,304,728.00.59
PROS HOLDINGS INCPRO74346Y103COMMON STOCK43,339.00001,141,549.26.20
Q2 HOLDINGS INCQTWO74736L109COMMON STOCK25,538.00001,036,842.80.19
QUIDEL CORPQDEL74838J101COMMON STOCK19,047.0000665,502.18.12
RPM INTERNATIONAL INCRPM749685103COMMON STOCK73,000.00003,574,810.00.64
REGAL BELOIT CORPRBC758750103COMMON STOCK17,017.00001,283,081.80.23
RETAIL OPPORTUNITY INVESTMENROIC76131N101REIT - Real Estate Invesment Trust194,400.00003,856,896.00.69
ROCKWELL COLLINS INCCOL774341101COMMON STOCK17,000.00002,227,850.00.40
SLM CORPSLM78442P106COMMON STOCK147,475.00001,499,820.75.27
SRC ENERGY INCSRCI78470V108COMMON STOCK103,442.0000816,157.38.15
SAIA INCSAIA78709Y105COMMON STOCK18,198.00001,029,096.90.18
SCANA CORPSCG80589M102COMMON STOCK64,400.00003,888,472.00.70
SCHNEIDER NATIONAL INC-CL BSNDR80689H102COMMON STOCK53,100.00001,181,475.00.21
SEACOAST BANKING CORP/FLSBCF811707801COMMON STOCK27,033.0000618,244.71.11
SELECT ENERGY SERVICES INC-AWTTR81617J301COMMON STOCK34,512.0000486,619.20.09
SEMTECH CORPSMTC816850101COMMON STOCK15,052.0000565,955.20.10
SHORETEL INCSHOR825211105COMMON STOCK80,858.0000602,392.10.11
SIENTRA INCSIEN82621J105COMMON STOCK75,316.0000863,121.36.15
SILGAN HOLDINGS INCSLGN827048109COMMON STOCK31,731.0000954,785.79.17
SITEONE LANDSCAPE SUPPLY INCSITE82982L103COMMON STOCK20,098.00001,009,723.52.18
SNYDERS-LANCE INCLNCE833551104COMMON STOCK22,860.0000811,987.20.15
SOLAREDGE TECHNOLOGIES INCSEDG83417M104COMMON STOCK38,004.00001,016,607.00.18
SOLARIS OILFIELD INFRAST-ASOI83418M103COMMON STOCK54,983.0000778,559.28.14
STANDEX INTERNATIONAL CORPSXI854231107COMMON STOCK13,633.00001,301,269.85.23
STERLING BANCORP/DE85917A100COMMON STOCK95,074.00002,134,411.30.38
STERLING CONSTRUCTION COSTRL859241101COMMON STOCK36,967.0000435,471.26.08
SYNCHRONY FINANCIALSYF87165B103COMMON STOCK132,000.00004,064,280.00.73
TCF FINANCIAL CORPTCF872275102COMMON STOCK67,188.00001,043,429.64.19
TPI COMPOSITES INCTPIC87266J104COMMON STOCK62,687.00001,275,053.58.23
TACTILE SYSTEMS TECHNOLOGY ITCMD87357P100COMMON STOCK70,759.00002,326,555.92.42
TAILORED BRANDS INCTLRD87403A107COMMON STOCK20,346.0000240,489.72.04
TAUBMAN CENTERS INCTCO876664103REIT - Real Estate Invesment Trust84,600.00004,419,504.00.79
TEAM INCTISI878155100COMMON STOCK77,061.0000951,703.35.17
TELADOC INCTDOC87918A105COMMON STOCK36,561.00001,226,621.55.22
TETRA TECH INCTTEK88162G103COMMON STOCK11,422.0000486,577.20.09
TITAN MACHINERY INCTITN88830R101COMMON STOCK36,060.0000465,174.00.08
TIVITY HEALTH INCTVTY88870R102COMMON STOCK27,587.00001,081,410.40.19
TREEHOUSE FOODS INCTHS89469A104COMMON STOCK18,471.00001,237,372.29.22
TRIMAS CORPTRS896215209COMMON STOCK43,826.00001,060,589.20.19
TRISTATE CAPITAL HLDGS INCTSC89678F100COMMON STOCK21,317.0000445,525.30.08
TRIUMPH BANCORP INCTBK89679E300COMMON STOCK13,496.0000380,587.20.07
TRIUMPH GROUP INCTGI896818101COMMON STOCK21,305.0000560,321.50.10
UNIVEST CORP OF PENNSYLVANIAUVSP915271100COMMON STOCK47,972.00001,398,383.80.25
UPLAND SOFTWARE INCUPLD91544A109COMMON STOCK17,676.0000406,548.00.07
VALVOLINE INCVVV92047W101COMMON STOCK198,869.00004,233,921.01.76
VARONIS SYSTEMS INCVRNS922280102COMMON STOCK35,402.00001,373,597.60.25
VERSARTIS INCVSAR92529L102COMMON STOCK41,697.0000792,243.00.14
VIRTUSA CORPVRTU92827P102COMMON STOCK56,627.00002,056,692.64.37
VOCERA COMMUNICATIONS INCVCRA92857F107COMMON STOCK37,217.00001,036,493.45.19
WESTERN DIGITAL CORPWDC958102105COMMON STOCK47,200.00004,166,344.00.75
WEYERHAEUSER COWY962166104REIT - Real Estate Invesment Trust120,700.00003,936,027.00.71
WILLIAMS COS INCWMB969457100COMMON STOCK170,400.00005,065,992.00.91
WILLIAMS-SONOMA INCWSM969904101COMMON STOCK24,100.00001,108,600.00.20
WINNEBAGO INDUSTRIESWGO974637100COMMON STOCK20,323.0000734,676.45.13
WORLD FUEL SERVICES CORPINT981475106COMMON STOCK29,891.00001,032,435.14.19
XCEL ENERGY INCXEL98389B100COMMON STOCK49,300.00002,440,350.00.44
XYLEM INCXYL98419M100COMMON STOCK53,100.00003,295,917.00.59
ZIMMER BIOMET HOLDINGS INCZBH98956P102COMMON STOCK53,600.00006,124,872.001.10

As of 08/31/2017.

Distributions

Fund NameFund CusipDistribution TypeAmount per ShareEx DateReinvest DateReinvest Price

Fees and expenses

Type Amount
Management fee 0.90%
Distribution and service (12b-1) fee None
Other expenses 0.23%
Acquired Fund Fees and Expenses (AFFE) 0.02%
Total annual fund operating expense 1.15%
Fee waivers and expense reimbursements (0.13%)
Total annual fund operating expenses less fee waivers and expense reimbursements 1.02%*

*Effective March 20, 2017, the Fund’s adviser, Brinker Capital, Inc. (“Brinker” or the “Adviser”), has contractually agreed to waive a portion of its management fee for a period of one year as necessary to keep the Fund’s management fee from exceeding 0.39% more than the total amount of sub-advisory fees paid by the Adviser. This contractual waiver will only apply if the Fund’s total management fees exceed the total amount of sub-advisory fees paid by the Adviser plus 0.39%, and will not affect the Fund’s total management fees if they are less than such amount. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2018. The agreement may be amended or terminated only with the consent of the Board of Trustees.

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

 

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

 

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

 

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

 

Mutual fund investing involves risk. The value of your investment in a Fund could go down. Multi-investment management styles may lead to overlapping securities transactions and higher transaction expenses compared to single investment management styles. Outcomes depend on the skill of the sub-advisers and adviser and the allocation of assets amongst them, as well as market fluctuations and industry/economic trends etc.

Before investing you should consider the Destinations Funds’ investment objectives, risks, charges and expenses carefully. The prospectus contains this and other information about the Funds. You may obtain a copy of the prospectus by calling 1-877-771-7979. The prospectus should be read carefully before investing.

Any tax or legal information provided is not an exhaustive interpretation of some of the current income tax regulations. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Funds nor any of their representatives may give legal or tax advice.

The Destinations Funds are distributed by Foreside Fund Services, LLC.

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

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