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DestinationsInvestor guideMulti-asset class solutions to meet arange of investor needsDynamic portfolios constructed frommutual fundsOver two decades of helping investorsachieve better outcomesFor use in a one-on-one presentation
Philosophyand approachDelivering better investment outcomesDestinations offers dynamic, multi-asset class portfoliosdesigned to meet a range of investor needs.In this brochure, learn more about:We categorize assets in terms of the outcomewe expect them to deliver. To constructdiversified, multi-asset class portfolios, weutilize a mix of growth, stable, and diversifyingassets. Assets within each of these categoriesare carefully selected based on the needs ofthe individual portfolios.Our dynamic approach to asset allocationPortfolios constructed from theDestinations FundsOver two decades of helping investorsachieve better outcomesOur multi-asset class investment approachREAL ASSETSGrthowGLOBAL CREDITgyinDiversifABSOLUTE RETURNDOMESTIC EQUITYINTERNATIONAL EQUITYStableFIXED INCOME1Investing in any investment product carries risk, including the possible loss of principal, and there can be no assurance that any investmentstrategy will provide positive performance over a period of time. The asset classes and/or investment strategies described in this publicationmay not be suitable for all investors.
Building dynamic portfoliosOur approach to asset allocation is dynamic and flexible.Every Destinations portfolio features long-term,strategic allocations and an established allocationrange for each asset class. The strategic allocationis complemented by active shifts, based on ourshort- and intermediate-term macro views.Destinations embodies ourmulti-asset class, dynamicapproach to asset allocation.This dynamic approach enables portfolio managersto remain flexible and take advantage of potentialmarket opportunities while staying aligned with theportfolio’s objectives. Shifts can be made within oracross asset classes, sub-asset classes and strategies.As shown below, the shaded arearepresents the strategic allocation rangewhile the small circle represents wherean allocation may fall within the range.Asset class ranges and allocations for a moderate ingRANGE (%)REALASSETS0%10%WEIGHT (%)20%30%40%50%Source: Brinker Capital. The chart is hypothetical in nature and is not intended to represent any Brinker Capital investment portfolio.Shown for illustrative purposes only.60%2
Destinations FundsThe building blocks of theDestinations portfoliosDestinations portfolios are comprised ofthe Destinations Funds, a series of tenmutual funds constructed by BrinkerCapital using third-party sub-advisersand investment strategies.When constructing portfolios,every investment decision wemake is executed to betterserve investors.DOMESTIC EQUITYREAL ASSETSDestinations Large Cap Equity FundDestinations Real Assets FundDestinations Small-Mid Cap Equity FundDestinations Equity Income FundABSOLUTE RETURNGLOBAL CREDITDestinations Global FixedIncome Opportunities FundGrthowgyinDiversifDestinations MultiStrategy Alternatives FundStableINTERNATIONAL EQUITYDestinations InternationalEquity FundFIXED INCOMEDestinations Core Fixed Income FundDestinations Low Duration Fixed Income FundDestinations Municipal Fixed Income Fund3
The Destinations Funds represent our multi-asset classinvestment philosophy.ASSET CLASSFUNDOBJECTIVEDestinations LargeCap Equity FundSeeks to provide long-term capital appreciation and investsprimarily in large cap US-based equity securitiesDestinations SmallMid Cap Equity FundSeeks to provide long-term capital appreciation and investsprimarily in small and mid cap US-based equity securitiesDestinations EquityIncome FundSeeks to provide a high level of current income with longterm capital appreciation and invests primarily in dividendpaying equity securitiesDestinationsInternational EquityFundSeeks to provide long-term capital appreciation and investsin equity securities of foreign markets, including emergingand frontier markets, across market capitalizationsDestinations CoreFixed Income FundSeeks to maximize current income and total return and investsprimarily in investment-grade, multi-sector fixed income securitiesDestinations LowDuration FixedIncome FundSeeks to provide current income and invests in multi-sectorfixed income, investment-grade corporate credit, high-yieldcorporate credit, and low duration securitiesDestinationsMunicipal FixedIncome FundSeeks to provide current income that is exempt fromfederal income taxation and invests in municipal fixedincome of primarily investment-grade securitiesGLOBALCREDITDestinations GlobalFixed IncomeOpportunities FundSeeks to maximize total return and invests in global investmentgrade credit, global high-yield credit, global sovereign debt,bank loans, preferred securities, and convertible securitiesABSOLUTERETURNDestinations MultiStrategy AlternativesFundSeeks to provide long-term growth of capital with reducedcorrelation to equity and fixed income markets and mayinvest across multiple strategiesDestinations RealAssets FundSeeks to provide long-term capital appreciation with someinflation protection and may invest across global real estate,global natural resources, global infrastructure, and NCOMEREALASSETS4
Destinations FundsConstructed using carefully vettedinvestment managers and strategiesWe believe that utilizing this sub-advised structure brings aninherent set of advantages.5ExpertiseAccessibilityValuePortfolio managerswho possess a depth ofexperience needed tomeet the fund’s objectivecan be accessed.Institutional managers,who may not be availableto investors directly, canbe utilized within theDestinations Funds.The Destinations investmentteam can leverage BrinkerCapital’s size, as it relatesto manager fees, andchoose the managerswho offer the best value.TransparencyFlexibilityTax efficiencyAs the sub-advisersare managing separateaccounts within theDestinations Funds,the investment teamhas access to view andanalyze their positionson a daily basis.Destinations portfoliomanagers can utilizecustomized investmentstrategies to effectivelyconstruct portfolios tomeet objectives.This flexibility lends itselfto greater tax control,giving the Destinationsteam the ability totransition the portfolio tominimize tax consequencesto the funds and theimpact to investors.
Integration of active and passivestrategiesIncorporating both within portfolios may help provide asuperior overall return profile.We believe investors may benefitfrom combining the return profileof outstanding active managerswith the lower cost of passivestrategies. This gives investorsexposure to inefficiencies inthe markets where professionalmanagers can generate excessreturns while also getting broadmarket exposure through alower cost passive strategy.Utilizing both enables us toremain opportunistic to obtainthe most effective exposure,rather than strictly adhering toone style or the other.Some of the decision factors we consider include:Active opportunitiesWe believe our time-tested manager selectionprocess can identify active strategies that have an edgeand produce excess risk-adjusted returns over time.CostBroad market exposure can be obtained through theuse of a lower cost, passively managed strategy. Thisexposure provides a portfolio core that enables theinvestment team to employ more focused, higherconviction active strategies as satellite exposures.Targeted allocationsCertain exposures, such as geographic regions orindustry sectors, can often be more efficientlyaccessed in a passively managed format.Example of active and passive within an asset classACTIVEStablePASSIVEDiversifGrthowg
fixed income 40% equity and 60% fixed income 60% equity and 40% fixed income 70% equity and 30% fixed income 80% equity and 20% fixed income Fully allocated to equity assets Target risk profile Inception date June 1995 February 1995 January 1995 January 1995 January 1995 January 1997 Inception date S ta b l e G r o w t h D i v e r s i f y i n g .
