About DLDFX
Destinations Low Duration Fixed Income Fund Class I is a mutual fund designed to seek current income through a diversified portfolio of fixed income securities. Its investment approach emphasizes a multi-sector strategy, allocating assets across investment-grade corporate credit, high yield corporate credit, and other income-producing instruments, with an overall focus on maintaining low duration. This means the fund typically invests in bonds and debt instruments that mature within a short time frame, aiming to reduce interest rate sensitivity and volatility while preserving liquidity. Employing a multi-manager model, the fund leverages specialized sub-advisers to navigate various segments of the fixed income market, including event-driven high yield opportunities and broader fixed income strategies with effective durations of three years or less. With over 500 holdings, the fund provides exposure to government, corporate, and other entities, balancing both income generation and risk management. Its monthly dividend payouts and below-average risk rating position it as a tool for investors seeking a relatively stable income stream from short-term bond investments. Established in 2017, the fund contributes to the market as a flexible, income-oriented solution for managing interest rate risk while optimizing yield across fixed income sectors.
Fund Family Destinations Funds
Category Short-Term Bond
Performance Rating High
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol DLDFX
Share Class Class I
Index ICE BofA 1-3 Year Gov/Corporate TR
DLDFX had a total return of 2.85% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.42%.
