Destinations Municipal Fixed Income Fund Class I (DMFFX)
| Fund Assets | 638.84M |
| Expense Ratio | 0.78% |
| Min. Investment | $0.00 |
| Turnover | 42.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 2.98% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 29, 2026 |
| Previous Close | 9.76 |
| YTD Return | 1.40% |
| 1-Year Return | 4.81% |
| 5-Year Return | 4.48% |
| 52-Week Low | 9.06 |
| 52-Week High | 9.77 |
| Beta (5Y) | 0.20 |
| Holdings | 495 |
| Inception Date | Mar 20, 2017 |
About DMFFX
Destinations Municipal Fixed Income Fund Class I is an open-end municipal bond fund focused on generating current income that is exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities while allowing a measured allocation to lower-rated bonds to enhance income, providing diversification across states, sectors, and revenue sources within the municipal market. It employs a multi-manager structure, allocating assets to specialist sub-advisers that emphasize complementary approaches such as relative value in high yield municipals, high-quality intermediate exposure, and active duration and curve positioning within tax-exempt markets. The portfolio is broadly diversified, holding hundreds of municipal issues and maintaining an intermediate profile consistent with its category, with monthly distributions reflecting its income focus. This strategy serves investors seeking tax-advantaged income and exposure to the municipal bond market through an actively managed, institutional share class that consolidates distinct manager expertise under one vehicle.
Performance
DMFFX had a total return of 4.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.24%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| SWNTX | Schwab | Schwab Tax-Free Bond Fund™ | 0.38% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| DMFZX | Class Z | 0.63% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 29, 2026 | $0.02452 | Jan 30, 2026 |
| Dec 30, 2025 | $0.02478 | Dec 31, 2025 |
| Nov 25, 2025 | $0.02246 | Nov 26, 2025 |
| Oct 30, 2025 | $0.02185 | Oct 31, 2025 |
| Sep 29, 2025 | $0.02537 | Sep 30, 2025 |
| Aug 28, 2025 | $0.02511 | Aug 29, 2025 |