DMFZX Performance — Destinations Municipal Fixed Income Fund, Class Z
Data updated: 2026-07-20
DMFZX returned +1.27% year to date and +5.67% over one year to May 2026. Annualised returns are +3.56% over 3 years and +1.11% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $111, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 3.96% a year. In the 12 months to May 2026 the fund lost a net $38.6M, and assets reached $628.59M.
DMFZX Growth of $100
What $100 invested in Destinations Municipal Fixed Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | DMFZX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $106 |
| 3 years (Jun 2023 – May 2026) | $111 | $111 |
| 5 years (Jun 2021 – May 2026) | $106 | $104 |
| Since data start (Sep 2019 – May 2026) | $110 | $109 |
DMFZX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.27% |
| 1 year | +5.67% |
| 3 years (annualised) | +3.56% |
| 5 years (annualised) | +1.11% |
DMFZX Annual Returns
Calendar-year total returns of Destinations Municipal Fixed Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.27% |
| 2025 | +3.81% |
| 2024 | +2.14% |
| 2023 | +4.71% |
| 2022 | −6.03% |
| 2021 | −0.01% |
| 2020 | +4.04% |
| 2019 (Sep–Dec) | −0.36% |
DMFZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +1.1% | −1.8% | +0.9% | +0.4% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +0.9% | −1.4% | −0.6% | +0.1% | +0.7% | −0.2% | +0.7% | +1.8% | +0.9% | +0.4% | +0.2% |
| 2024 | +0.1% | +0.1% | +0.1% | −0.8% | −0.1% | +1.2% | +0.8% | +0.7% | +0.8% | −1.1% | +1.2% | −0.9% |
| 2023 | +2.0% | −1.6% | +1.7% | −0.2% | −0.5% | +0.8% | +0.1% | −0.8% | −2.0% | −0.8% | +4.3% | +2.0% |
| 2022 | −2.2% | −0.4% | −2.4% | −2.0% | +1.4% | −1.0% | +1.9% | −1.8% | −2.6% | −0.4% | +3.3% | +0.2% |
| 2021 | +0.2% | −1.5% | +0.4% | +0.7% | +0.2% | 0.0% | +0.7% | −0.4% | −0.7% | −0.1% | +0.5% | +0.1% |
| 2020 | +1.5% | +1.1% | −3.3% | −0.8% | +2.7% | +0.7% | +1.2% | −0.3% | −0.1% | −0.2% | +1.2% | +0.4% |
| 2019 | — | — | — | — | — | — | — | — | −0.8% | +0.1% | +0.1% | +0.3% |
DMFZX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.96%
- 3-year Sharpe ratio: -0.24 (vs 4.5% risk-free rate)
- Best month: +4.26% (Nov 2023)
- Worst month: −2.04% (Sep 2023)
DMFZX Fund Flows
Monthly money in and out of Destinations Municipal Fixed Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$38.6M
- 12-month gross sales (incl. reinvestments): $91.3M
- Sales ÷ redemptions: 0.70×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $5.8M | $8.9M | −$3.1M |
| Apr 2026 | $5.6M | $10.3M | −$4.7M |
| Mar 2026 | $17.3M | $11.0M | $6.3M |
| Feb 2026 | $5.3M | $11.2M | −$5.9M |
| Jan 2026 | $5.8M | $7.8M | −$2.0M |
| Dec 2025 | $9.2M | $11.6M | −$2.4M |
| Nov 2025 | $5.0M | $9.8M | −$4.8M |
| Oct 2025 | $4.2M | $13.3M | −$9.1M |
| Sep 2025 | $5.3M | $12.4M | −$7.1M |
| Aug 2025 | $5.4M | $10.4M | −$5.0M |
| Jul 2025 | $7.9M | $11.1M | −$3.1M |
| Jun 2025 | $14.5M | $12.3M | $2.2M |
DMFZX Assets Under Management
Net assets of Destinations Municipal Fixed Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $628.59M |
| 2026-02-28 | $638.08M |
| 2025-11-30 | $640.70M |
| 2025-08-31 | $647.51M |
| 2025-05-31 | $651.65M |
| 2025-02-28 | $754.06M |
| 2024-11-30 | $795.41M |
| 2024-08-31 | $823.20M |
| 2024-05-31 | $828.95M |
| 2024-02-29 | $861.92M |
| 2023-11-30 | $871.29M |
| 2023-08-31 | $896.83M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.