About DRAZX
Destinations Real Assets Fund Class Z is a mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in real assets. It employs a multi-manager approach, allocating assets globally across infrastructure, real estate, and natural resources through specialized sub-advisers. Delaware Investments Fund Advisers manages the Macquarie Diversified Real Assets strategy, focusing on dedicated infrastructure, real estate, and natural resources via fundamental research. Newton Investment Management North America handles the Newton Global Natural Resources Equity strategy, using top-down commodity cycle assessments and bottom-up research for conviction-weighted portfolios in natural resources companies. The fund holds a diverse mix of securities, including REITs like Equinix and Welltower, commodity-related ETFs such as SPDR Gold MiniShares and VanEck Gold Miners ETF, energy and mining firms, and cash equivalents in multiple currencies. As an institutional share class, it provides exposure to global real assets markets, including developed and emerging regions across Australia, Canada, Europe, Asia, and the United States, emphasizing sectors influenced by economic cycles, commodity demand, and infrastructure growth.
Fund Family Destinations Funds
Category World Large-Stock Blend
Performance Rating Low
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol DRAZX
Share Class Class Z
DRAZX had a total return of 24.37% in the past year, including dividends.
Since the fund's inception, the average annual return has been -7.45%.
