Morningstar

Destinations Municipal Fixed Income Fund Class Z DMFZX

Morningstar Medalist Rating
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Medalist Rating as of See Destination Investment Hub
  • NAV / 1-Day Return $9.44  /  +0.21 %
  • Fund Size $609.6M
  • Adjusted Expense Ratio 0.690%
  • Net Expense Ratio 0.690%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 3.19%
  • Average Effective Duration —
NAV and 1-Day Return as of

Morningstar’s Analysis DMFZX

Will DMFZX 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 DMFZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DMFZX 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 DMFZX’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 Z 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
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Portfolio Holdings DMFZX

More DMFZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollars

4.36 26M
Cash and Equivalents

PHILADELPHIA PA 5%

1.20 7M
municipal

CALIFORNIA ST UNIV REV 5%

0.99 6M
municipal

Vanguard Tax-Exempt Bond ETF

0.95 6M
—

OHIO ST 5%

0.89 5M
municipal

LOUISIANA ST 5%

0.86 5M
municipal

LAMAR TEX CONS INDPT SCH DIST 5%

0.85 5M
municipal

MINNESOTA ST 5%

0.84 5M
municipal

HONOLULU HAWAII CITY & CNTY 4%

0.84 5M
municipal

CALIFORNIA ST PUB WKS BRD LEASE REV 5%

0.81 5M
municipal

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