- ISIN
- US10964R8714
- Issuer
- Destinations Funds
- Inception Date
- Mar 19, 2017
- Category
- Multistrategy
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
Share Price Chart
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Performance
DMSFX Performance Chart
Destinations Multi Strategy Alternatives Fund (DMSFX) is up 0.4% since the beginning of the year. DMSFX is currently trading at $10 per share. Investors who bought $1,000 worth of DMSFX shares 5 years ago would now be looking at an investment worth $1,222.
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Returns By Period
Destinations Multi Strategy Alternatives Fund (DMSFX) has returned 0.43% so far this year and 3.89% over the past 12 months.
Destinations Multi Strategy Alternatives Fund
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.43%
- 6M
- 0.30%
- 1Y
- 3.89%
- 3Y*
- 5.83%
- 5Y*
- 4.09%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DMSFX Monthly Returns History
Based on dividend-adjusted daily data since Mar 20, 2017, DMSFX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +5.5%, while the worst month was Mar 2020 at -13.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, DMSFX closed higher 45% of trading days. The best single day was Mar 26, 2020 with a return of +3.7%, while the worst single day was Mar 18, 2020 at -5.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.10% | -0.39% | -0.65% | 0.98% | 0.68% | -0.10% | 0.43% | ||||||
| 2025 | 0.10% | -0.19% | -1.26% | -0.49% | 1.29% | 0.20% | 0.49% | 0.78% | 0.89% | 0.48% | 0.96% | 0.39% | 3.65% |
| 2024 | 0.58% | 0.77% | 0.94% | -0.38% | 0.29% | 0.21% | 2.03% | 0.09% | 0.77% | 0.19% | 1.14% | -0.39% | 6.40% |
| 2023 | 2.66% | 0.80% | -0.63% | 0.80% | 0.79% | 1.37% | 1.08% | 0.39% | 1.39% | -0.10% | 1.55% | 2.05% | 12.82% |
| 2022 | -2.21% | 0.29% | 0.84% | -1.07% | -2.16% | -1.73% | 1.44% | -0.10% | -1.11% | 1.75% | 0.81% | -0.16% | -3.45% |
| 2021 | 1.35% | 0.57% | 0.28% | 1.04% | 0.28% | 0.14% | -0.09% | 0.19% | 0.66% | 0.46% | -0.83% | 1.07% | 5.22% |
Benchmark Metrics
Destinations Multi Strategy Alternatives Fund has an annualized alpha of 2.17%, beta of 0.16, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since March 20, 2017.
- This fund participated in 23.32% of S&P 500 Index downside but only 22.08% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.16 may look defensive, but with R2 of 0.36 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.36 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.17%
- Beta
- 0.16
- R²
- 0.36
- Upside Capture
- 22.08%
- Downside Capture
- 23.32%
Expense Ratio
DMSFX has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DMSFX ranks 28 for risk / return — below 28% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Destinations Multi Strategy Alternatives Fund (DMSFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DMSFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.78 | -1.12 |
| Martin ratioReturn relative to average drawdown | 4.93 | 12.44 | -7.51 |
Dividends
Dividend History
Destinations Multi Strategy Alternatives Fund provided a 3.74% dividend yield over the last twelve months, with an annual payout of $0.39 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.35 | $0.66 | $0.68 | $0.30 | $0.49 | $0.15 | $0.44 | $0.40 | $0.20 |
Dividend yield | 3.74% | 3.42% | 6.41% | 6.62% | 3.05% | 4.68% | 1.48% | 4.64% | 4.31% | 2.00% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.22 | $0.35 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.32 | $0.66 |
| 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 | $0.68 |
| 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 | $0.30 |
| 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 | $0.49 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 0.44%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -21.11%Mar 2020 | 1mo 2d | 5mo 25d | 6mo 27dFeb 2020 - Sep 2020 |
Rate-hike selloffLate 2018 | -8.94%Dec 2018 | 2mo 24d | 1y 4d | 1y 2moOct 2018 - Dec 2019 |
Bear market2022 | -6.84%Jul 2022 | 7mo 19d | 10mo 25d | 1y 6moNov 2021 - May 2023 |
2025 selloff2025 | -5.02%Apr 2025 | 4mo 9d | 2mo 14d | 6mo 23dDec 2024 - Jun 2025 |
2026 pullback2026 | -2.47%Mar 2026 | 2mo 13d | — | 5mo 8dJan 2026 - now |
Drawdown Indicators
| DMSFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.11% | -56.78% | +35.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -9.10% | +6.63% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -18.90% | +13.88% |
Max Drawdown (5Y)Largest decline over 5 years | -6.84% | -25.43% | +18.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.44% | -1.80% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -10.71% | +9.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.03% | -1.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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