Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Destinations Municipal Fixed Income I DMFFX
- NAV / 1-Day Return 9.58 / −0.21 %
- Total Assets 846.7 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.780%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Muni National Interm
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment —
- Status Open
- TTM Yield 2.93%
- Effective Duration —
USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:10 PM GMT+0
Morningstar’s Analysis DMFFX
Will DMFFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 14.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Vanguard Tax-Exempt Bond ETF | 5.72 | 49.4 Mil | — |
Us Dollars | 4.67 | 40.3 Mil | Cash and Equivalents |
WEST VIRGINIA ST 5% | 1.25 | 10.8 Mil | municipal |
MIAMI-DADE CNTY FLA WTR & SWR REV 5% | 1.22 | 10.5 Mil | municipal |
WASHINGTON ST 5% | 0.95 | 8.2 Mil | municipal |
LAMAR TEX CONS INDPT SCH DIST 5% | 0.89 | 7.7 Mil | municipal |
LAMAR TEX CONS INDPT SCH DIST 5% | 0.86 | 7.4 Mil | municipal |
HONOLULU HAWAII CITY & CNTY 4% | 0.84 | 7.2 Mil | municipal |
PEFA INC IOWA GAS PROJ REV 5% | 0.76 | 6.6 Mil | municipal |
FLORIDA ST 5% | 0.76 | 6.6 Mil | municipal |