Fund Evaluator:
Destinations Equity Income I (DGEFX)
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Best Performing in Global Large-Stock Value Over the Last Year
| 56.1% | Vanguard Global Capital Cycles Investor (VGPMX) |
| 42.0% | LSV Global Value Investor (LVAGX) |
| 41.4% | AMG Yacktman Focused N (YAFFX) |
| 40.1% | Polaris Global Value (PGVFX) |
| 35.3% | T. Rowe Price Glbl Val Eq (TRGVX) |
Fund Details
Destinations Equity Income I Overview
Destinations Equity Income I (DGEFX) is an actively managed International Equity Global Large-Stock Value fund. Destinations Funds launched the fund in 2017.
The investment seeks current income with secondary objective of long-term capital appreciation. The fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in dividend-paying equity securities of both U.S.-based and foreign companies. It invests primarily in common stock, preferred stock, interests in REITs, foreign securities, depositary receipts, equity-linked notes and derivatives that are believed to be attractively valued and to have the potential for long-term growth. The fund typically will invest in foreign securities, including securities of issuers located in emerging markets.
About Destinations Equity Income I (DGEFX)
There are 14 members of the management team with an average tenure of 5.28 years: Timothy Holland (2022), Alexandra Pomeroy (2021), Peter Boardman (2022), Daniel Peris (2017), William Hunter (2021), Deborah Bickerstaff (2017), Jared Hoff (2020), James Stephenson (2018), Brian Storey (2022), Shawn Trudeau (2021), Andrew Goins (2023), John Hoffmann (2026), Richard Levine (2021), Michael Tucker (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: FTSE Developed TR USD index with a weighting of 100% and FTSE AW High Dividend Yield TR USD index with a weighting of 100%. Destinations Equity Income I has 167 securities in its portfolio. The top 10 holdings constitute 24.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Destinations Equity Income I is part of the Equity global asset class and is within the International Equity fund group. Destinations Equity Income I has 29.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 67.0%. There is 29.4% allocated to foreign stock, and 2.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Destinations Equity Income I has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $468 million in total assets, which is below the $503 million average for the Global Large-Stock Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DGEFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Destinations Equity Income I expense ratio is high compared to funds in the Global Large-Stock Value category. Destinations Equity Income I has an expense ratio of 0.98%, which is 7% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Destinations Equity Income I has a portfolio turnover rate of 62%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Global Large-Stock Value category.
Recently, in the month of July 2026, Destinations Equity Income I returned 3.5%, which earned it a grade of C, as the Global Large-Stock Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Destinations Equity Income I has a trailing yield of 1.81%, which is above the 1.78% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Destinations Equity Income I Grades
Year to date, the fund has returned 12.3%, 0.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 21.9% over the past year (grade of C), 15.6% over the past three years (grade of C) and 10.9% per year over the past five years (grade of C).
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DGEFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DGEFX Return (NAV) | 3.5% | 3.3% | 21.9% | 15.6% | 10.9% | na |
| DGEFX Grade | C | F | C | C | C | na |
| +/- Category | 0.6% | -1.9% | -2.4% | -0.9% | 0.3% | na |
| Global Large-Stock Value Avg | 2.9% | 5.2% | 24.4% | 16.5% | 10.6% | 10.3% |
| DGEFX Tax Cost Ratio | na | na | 2.5% | 1.6% | 1.6% | na |
DGEFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DGEFX Return (NAV) | 12.3% | 19.3% | 13.3% | 5.1% | -1.1% | 22.4% | -4.1% | 21.8% | -5.4% | na | na |
| DGEFX Grade | C | F | A | F | A | A | F | C | A | na | na |
| +/- Category | -0.3% | -4.7% | 3.6% | -9.7% | 8.0% | 3.4% | -8.2% | -1.1% | 4.9% | na | na |
| Global Large-Stock Value Avg | 12.6% | 24.1% | 9.7% | 14.7% | -9.1% | 19.1% | 4.1% | 22.9% | -10.3% | 18.7% | 9.5% |
| Risk Measures | |
| Standard Deviation: | 10.2% |
| Total Risk Index: | 0.83 - Average |
| Category Risk Index: | 0.87 - Low |
| Category Risk Grade: | A (8% Rank) |
| Beta: | 0.60 |
| R-Squared: | 55% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.8% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $511 Mil |
| Fund Total Assets: | $ 469 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 62% |
Management Team
| Number of Managers: 14 | |||
| Longest Tenure: 9.4 years | |||
| Average Tenure: 5.3 years | |||
| Managers (Year): Peris Daniel (2017), Bickerstaff Deborah (2017), Stephenson James (2018), Hoff Jared (2020), Tucker Michael (2020), Trudeau Shawn (2021), Levine Richard (2021), Hunter William (2021), Pomeroy Alexandra (2021), Boardman Peter (2022), Storey Brian (2022), Holland Timothy (2022), Goins Andrew (2023), Hoffmann John (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 167 |
| % in Top 10 Holdings: | 24.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 29.4% |
Portfolio Allocation |
|
| Domestic Stock: | 67.0% |
| Foreign Stock: | 29.4% |
| Preferred Stock: | 2.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.6% |
Purchase Information
| Fund Family: | Destinations Funds |
| Phone Number: | 877-771-7979 |
| Website: |
| Status: | Open |
| Inception Date: | March 20, 2017 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.98% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Destinations Equity Income I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
