Destinations Multi Strategy Alternatives Fund (DMSFX)
The investment seeks capital appreciation with reduced correlation to equity and fixed income markets. The adviser employs a strategy intended to generate long term growth across market cycles with reduced correlation to the equity and fixed income markets. The adviser employs a "multi-manager" strategy whereby the Adviser allocates the fund's assets among professional money managers, each of which is responsible for investing its allocated portion of the fund's assets. The fund may invest a significant portion of its assets in a particular geographic region or country, including emerging markets countries.
Fund Info
| ISIN | US10964R8714 |
|---|---|
| Issuer | Destinations Funds |
| Inception Date | Mar 19, 2017 |
| Category | Multistrategy |
| Min. Investment | $0 |
| Asset Class | Alternatives |
Asset Class Size | Large-Cap |
Expense Ratio
DMSFX has a high expense ratio of 1.15%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Destinations Multi Strategy Alternatives Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Destinations Multi Strategy Alternatives Fund had a return of 2.40% year-to-date (YTD) and 11.68% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.40% | 9.49% |
| 1 month | 0.29% | 1.20% |
| 6 months | 5.82% | 18.29% |
| 1 year | 11.68% | 26.44% |
| 5 years (annualized) | 5.72% | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.58% | 0.77% | 0.94% | -0.38% | ||||||||
| 2023 | -0.10% | 1.55% | 2.05% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DMSFX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
DMSFX (Destinations Multi Strategy Alternatives Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Destinations Multi Strategy Alternatives Fund (DMSFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Destinations Multi Strategy Alternatives Fund granted a 6.61% dividend yield in the last twelve months. The annual payout for that period amounted to $0.69 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.69 | $0.68 | $0.30 | $0.49 | $0.15 | $0.44 | $0.53 | $0.20 |
Dividend yield | 6.61% | 6.63% | 3.05% | 4.68% | 1.48% | 4.64% | 5.70% | 1.99% |
Monthly Dividends
The table displays the monthly dividend distributions for Destinations Multi Strategy Alternatives Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.37 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.43 |
| 2020 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 |
| 2019 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.19 |
| 2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.30 |
| 2017 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Destinations Multi Strategy Alternatives Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Destinations Multi Strategy Alternatives Fund was 21.11%, occurring on Mar 24, 2020. Recovery took 121 trading sessions.
The current Destinations Multi Strategy Alternatives Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.11% | Feb 21, 2020 | 23 | Mar 24, 2020 | 121 | Sep 15, 2020 | 144 |
| -8.35% | Oct 4, 2018 | 56 | Dec 24, 2018 | 147 | Jul 26, 2019 | 203 |
| -6.84% | Nov 18, 2021 | 156 | Jul 5, 2022 | 226 | May 26, 2023 | 382 |
| -2.26% | Jul 29, 2019 | 51 | Oct 8, 2019 | 48 | Dec 16, 2019 | 99 |
| -2.14% | Jan 29, 2018 | 10 | Feb 9, 2018 | 45 | Apr 17, 2018 | 55 |
Volatility
Volatility Chart
The current Destinations Multi Strategy Alternatives Fund volatility is 0.65%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.