Morningstar

Destinations Municipal Fixed Income Fund Class I DMFFX

Morningstar Medalist Rating
Medalist Rating as of | See Destination Investment Hub
  • NAV / 1-Day Return 9.60  /  +0.10 %
  • Total Assets 637.3M
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 0.840%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.95%
  • Effective Duration —

USD | NAV as of Aug 14, 2026 | 1-Day Return as of Aug 14, 2026, 12:11 AM GMT+0

Morningstar’s Analysis DMFFX

Will DMFFX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DMFFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DMFFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DMFFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Destinations Municipal Fixed Income I holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings DMFFX

More DMFFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollars

3.23 20M
Cash and Equivalents

Vanguard Tax-Exempt Bond ETF

3.20 20M
—

PHILADELPHIA PA 5%

1.18 7M
municipal

CALIFORNIA ST UNIV REV 5%

1.01 6M
municipal

OHIO ST 5%

0.89 6M
municipal

LOUISIANA ST 5%

0.85 5M
municipal

MINNESOTA ST 5%

0.82 5M
municipal

LAMAR TEX CONS INDPT SCH DIST 5%

0.81 5M
municipal

PEFA INC IOWA GAS PROJ REV 5%

0.80 5M
municipal

HONOLULU HAWAII CITY & CNTY 4%

0.79 5M
municipal

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