About DMSFX
Destinations Multi Strategy Alternatives Fund Class I is a multi-strategy mutual fund focused on delivering capital appreciation while aiming to maintain a low correlation to traditional equity and fixed income markets. Its primary function is to provide investors with diversified alternative exposure through a combination of active strategies, including long/short equity, long/short credit, relative value, distressed credit, global macro, event-driven, and investments in closed-end funds. The fund utilizes a multi-manager approach, allocating assets among specialized sub-advisers that contribute distinct expertise in areas such as event-driven investing and quantitative relative value credit analysis. Notably, the fund seeks to exploit opportunities across a broad opportunity set, aiming to reduce portfolio volatility and enhance risk-adjusted returns relative to single-strategy alternatives. Its holdings can include derivatives, cash equivalents, and positions in other funds, reflecting a flexible mandate well-suited to adapt to changing market conditions. As a part of the alternatives asset class, this fund serves as a tool for diversification and risk management in institutional and individual investor portfolios, playing a significant role for those seeking to enhance portfolio outcomes beyond traditional market exposures.
Fund Family Destinations Funds
Category Multistrategy
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol DMSFX
Share Class Class I
Index Index is not available on Lipper Database
DMSFX had a total return of 3.07% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.38%.
