About DLDZX
Destinations Low Duration Fixed Income Fund is an open‑end mutual fund designed to generate current income while limiting interest‑rate sensitivity. The fund employs a multi‑manager structure that allocates to specialized sub‑advisers focused on complementary segments of the bond market, including multi‑sector fixed income, investment‑grade corporate credit, high yield corporate credit, and other low‑duration securities. According to its sponsor, the strategy targets a shorter effective duration profile and may use derivatives such as futures and currency forwards for risk management or efficient exposure. The portfolio can include U.S. and foreign issuers, with exposure spanning corporate bonds, securitized assets, and selective event‑driven high yield opportunities, providing a diversified approach to credit and interest‑rate risk. This fund serves as a cash‑plus or core short‑term bond allocation within a broader fixed income allocation, aiming to balance income generation with lower price volatility relative to intermediate‑ or long‑duration bond funds, while acknowledging risks from credit quality, interest‑rate movements, derivatives, and foreign and emerging‑markets exposure.
Fund Family Destinations Funds
Category Short-Term Bond
Performance Rating High
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol DLDZX
Share Class Class Z
Index ICE BofA 1-3 Year Gov/Corporate TR
DLDZX had a total return of 6.08% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.75%.
