Destinations Low Duration Fixed Income Fund Class I (DLDFX)

Overview

The fund is designed to cater to investors looking for a diversified portfolio in the fixed income space. With an investment strategy focused on maintaining an average duration of three years or less, the fund aims at providing a balanced approach to income generation and capital preservation. It seeks to invest a minimum of 80% of its total assets (including any borrowed funds for investment purposes) in a wide range of fixed income securities. These investments span various issuers, from governmental to private sector entities, and include a broad spectrum of income-producing instruments. The fund's approach is to navigate the complexities of the fixed income market, leveraging opportunities across different sectors and geographies to achieve its investment objectives.

Products and Services

• Bonds and Debt Instruments

  Investment in bonds and debt instruments issued by governmental or private-sector entities. These include a range of securities from secure government bonds to higher-yield, higher-risk corporate bonds, providing investors with opportunities across the risk-return spectrum.

• Mortgage-Backed and Asset-Backed Securities

  Includes investments in securities backed by mortgages or other assets. These securities offer regular income and are based on the backing of real economic activities and tangible assets.

• Junk Bonds

  Investments in high-yield, high-risk bonds, also known as non-investment grade bonds. These offerings enable investors to access higher potential returns, offset by an increased level of risk.

• Corporate Debt

  Focused on lending to companies in the form of corporate bonds, this category provides investors with income through interest payments, along with the potential for capital appreciation.

• Foreign Securities

  Inclusion of fixed income securities issued by entities outside the investor's home country. This diversifies the portfolio geographically and provides exposure to global fixed income markets.

• Inflation-Indexed Bonds

  These bonds are designed to help protect investors from inflation. Their principal value adjusts in accordance with changes in inflation rates, providing a hedge against the decreasing value of money.

• Bank Loans and Assignments

  Investment in loans taken by companies, facilitated through banks or direct assignments. This can provide higher income than traditional bonds, reflecting the higher risk of lending to companies directly.

• Collateralized Loan Obligations (CLOs)

  Securities backed by a pool of debt, mainly corporate loans. These structured financial products diversify risk, albeit with a complex risk-return profile.

• Preferred Securities

  These are a type of stock that provides dividends before any dividends are issued to common stockholders and typically have a higher claim on assets and earnings than common shares.

• SPACs

  Investment in Special Purpose Acquisition Companies, which are companies formed to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company.