Fund Evaluator:
Destinations Real Assets I (DRAFX)
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Best Performing in Global Large-Stock Blend Over the Last Year
| 26.2% | Victory Cornerstone Equity (UCEQX) |
| 24.5% | Destinations Real Assets Z (DRAZX) |
| 23.8% | Victory Capital Growth (USCGX) |
| 23.7% | Destinations Real Assets I (DRAFX) |
| 23.7% | Victory World Equity (USAWX) |
Fund Details
Destinations Real Assets I Overview
Destinations Real Assets I (DRAFX) is an actively managed International Equity Global Large-Stock Blend fund. Destinations Funds launched the fund in 2024.
The investment seeks long term capital appreciation. The fund will invest, under normal market conditions, at least 80% of its net assets in “real assets.” The term “real assets” is defined broadly by the fund to include any assets that have physical properties, such as energy, materials, natural resources, industrials, utilities or real estate as well as direct or indirect exposure to commodities, subject to limitations of applicable law. It is non-diversified.
About Destinations Real Assets I (DRAFX)
There are 15 members of the management team with an average tenure of 1.60 years: Timothy Holland (2024), Scott Sedlak (2024), Jurgen Wurzer (2024), Stefan Löwenthal (2024), Tryg Sarsland (2024), David Intoppa (2024), Aaron Young (2024), Brian Storey (2024), Brock Campbell (2024), Benjamin Kerl (2024), Jagdeep Ghuman (2024), Noah Hauser (2024), Andrew Goins (2024), John Hoffmann (2026), Crispin Royle-Davies (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: FTSE All World Developed TR USD index with a weighting of 100%. Destinations Real Assets I has 297 securities in its portfolio. The top 10 holdings constitute 21.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Destinations Real Assets I is part of the Equity global asset class and is within the International Equity fund group. Destinations Real Assets I has 39.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 52.2%. There is 36.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 4.8% (1.9% domestic bond, 2.9% foreign bond and 0.0% convertible bond). Destinations Real Assets I has 1.9% of the portfolio in cash.
Assets Under Management
The fund has $370 million in total assets, which is below the $1 billion average for the Global Large-Stock Blend 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.
DRAFX 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 Real Assets I expense ratio is high compared to funds in the Global Large-Stock Blend category. Destinations Real Assets I has an expense ratio of 1.18%, which is 13% higher than its category average, making the fund expense ratio grade a D. 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 Real Assets I has a portfolio turnover rate of 92%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.
Recently, in the month of July 2026, Destinations Real Assets I returned 2.6%, which earned it a grade of B, as the Global Large-Stock Blend category had an average return of 0.8%. 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 Real Assets I has a trailing yield of 2.13%, which is above the 0.95% category average. The fund normally distributes its income annually 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 Real Assets I Grades
Year to date, the fund has returned 12.6%, 2.8 percentage points better than the category, which translates into a grade of B. The fund has returned 23.7% over the past year (grade of B).
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DRAFX 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 |
|
| DRAFX Return (NAV) | 2.6% | -1.8% | 23.7% | na | na | na |
| DRAFX Grade | B | F | B | na | na | na |
| +/- Category | 1.8% | -5.4% | 4.9% | na | na | na |
| Global Large-Stock Blend Avg | 0.8% | 3.7% | 18.8% | 15.3% | 8.9% | 10.7% |
| DRAFX Tax Cost Ratio | na | na | 1.4% | na | na | na |
DRAFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DRAFX Return (NAV) | 12.6% | 19.1% | na | na | na | na | na | na | na | na | na |
| DRAFX Grade | B | D | na | na | na | na | na | na | na | na | na |
| +/- Category | 2.8% | -0.9% | na | na | na | na | na | na | na | na | na |
| Global Large-Stock Blend Avg | 9.8% | 20.1% | 13.2% | 18.8% | -16.2% | 17.5% | 14.6% | 25.9% | -10.4% | 23.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | Medium Quality Limited Sensitivity |
| Yield: | 2.1% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $407 Mil |
| Fund Total Assets: | $ 371 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 92% |
Management Team
| Number of Managers: 15 | |||
| Longest Tenure: 1.7 years | |||
| Average Tenure: 1.6 years | |||
| Managers (Year): Holland Timothy (2024), Sedlak Scott (2024), Wurzer Jurgen (2024), Löwenthal Stefan (2024), Sarsland Tryg (2024), Intoppa David (2024), Young Aaron (2024), Storey Brian (2024), Campbell Brock (2024), Kerl Benjamin (2024), Ghuman Jagdeep (2024), Hauser Noah (2024), Goins Andrew (2024), Royle-Davies Crispin (2024), Hoffmann John (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 297 |
| % in Top 10 Holdings: | 21.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 39.2% |
Portfolio Allocation |
|
| Domestic Stock: | 52.2% |
| Foreign Stock: | 36.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 1.9% |
| Foreign Bond: | 2.9% |
| Convertible Bond: | 0.0% |
| Other: | 4.8% |
| Cash: | 1.9% |
Purchase Information
| Fund Family: | Destinations Funds |
| Phone Number: | 877-771-7979 |
| Website: |
| Status: | Open |
| Inception Date: | November 14, 2024 |
| 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 (%): | 1.18% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Destinations Real Assets Z |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
