About DSHZX
Brinker Capital Destinations Shelter Fund Class Z is a mutual fund designed to provide capital appreciation while aiming for lower volatility than broad equity markets. Its primary function is to use a hedged equity strategy, leveraging derivative investments—particularly options on equity indexes—to help mitigate significant market downside risk. The fund adopts a multi-manager approach, currently allocating assets to sub-advisers who implement strategies such as purchasing laddered portfolios of index put spreads, partially financed by selling index call options. This structure offers investors exposure to leading equity markets, while seeking to reduce the impact of sharp market declines.
Notably, the fund’s portfolio is weighted toward prominent large-cap U.S. stocks, with substantial allocations to companies like Microsoft, Apple, NVIDIA, Alphabet, and Amazon. It primarily impacts sectors such as technology, communication services, and consumer cyclicals. Operating within the options trading category, the fund serves investors seeking equity market participation combined with an explicit focus on risk management. By blending active and passive investment elements and maintaining a relatively low turnover, the fund holds a distinctive position among defensive mutual fund offerings in the market.
Fund Family Destinations Funds
Category Options Trading
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol DSHZX
Share Class Class Z
Index Russell 1000 TR USD
DSHZX had a total return of 6.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.98%.
