DLCZX
Destinations Large Cap Equity Fund
Brinker Capital Destinations Trust
Expense ratio1
0.66%
Net assets2
$3.50B
Holdings2
308
Category
US Equity
2025 return3
15.00%

Investment objective & strategy

As of June 27, 2025 · prospectus

Objective. Long term capital appreciation.

Strategy. The Fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of large capitalization companies. The Fund defines large cap companies as companies whose market capitalizations typically fall within the range of the Russell 1000 Index, which ranged from approximately $2.4 billion to $2.9 trillion as of the last reconstitution of the index on December 31, 2024. The Funds 80% policy is not fundamental and can be changed upon 60 days prior notice to shareholders. The Fund employs a multi-manager strategy whereby the Adviser allocates the Funds assets among professional money managers (each, a Sub-adviser, collectively, the Sub-advisers), each of which is responsible … The Fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of large capitalization companies. The Fund defines large cap companies as companies whose market capitalizations typically fall within the range of the Russell 1000 Index, which ranged from approximately $2.4 billion to $2.9 trillion as of the last reconstitution of the index on December 31, 2024. The Funds 80% policy is not fundamental and can be changed upon 60 days prior notice to shareholders. The Fund employs a multi-manager strategy whereby the Adviser allocates the Funds assets among professional money managers (each, a Sub-adviser, collectively, the Sub-advisers), each of which is responsible for investing its allocated portion of the Funds assets. The Adviser may also invest a portion of the Funds assets in unaffiliated funds that are registered under the Investment Company Act of 1940, as amended (the 1940 Act), and that have investment objectives and principal investment strategies consistent with those of the Fund, including open-end funds, closed-end funds and exchange traded funds (ETFs), which may be passively managed (i.e., index-tracking) or actively managed. ETFs may also be used to transition the Funds portfolio or to equitize cash while awaiting an opportunity to purchase securities directly. When determining how to allocate the Funds assets between unaffiliated funds and Sub-advisers, and among Sub-advisers, the Adviser considers a variety of factors. The Fund invests primarily in common and preferred stock, rights or warrants to purchase common or preferred stock, interests in Real Estate Investment Trusts (REITs), securities convertible into common or preferred stock such as convertible preferred stock, bonds or debentures, and other securities with equity characteristics. A Sub-adviser employing an actively managed strategy will select securities based on its assessment of one or more of a variety of factors about the company or the market. The Fund may also invest in futures contracts for speculative or hedging purposes. Although most assets will typically be invested in U.S. common stocks, the Fund may invest directly in foreign stocks or indirectly through depositary receipts in keeping with the Funds objectives. A Sub-adviser may sell a security for a variety of reasons, including, but not limited to, where the Sub-adviser believes the security will no longer contribute to meeting the investment objective of the Fund or selling the security will help the Fund to secure gains, limit losses, or redeploy assets into more promising opportunities. The Fund may also lend portfolio securities in an attempt to earn additional income. Any income realized through securities lending may help Fund performance.

Top holdings

As of Feb. 28, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $211.70M 6.06%
APPLE INC $181.51M 5.19%
MICROSOFT CORP $139.31M 3.99%
VANGUARD MEGA CAP GROWTH ETF CL ETF SHARES USD INC 0.00000000 MGK $119.74M 3.43%
ALPHABET INC CL A $118.19M 3.38%
BERKSHIRE HATH-B $96.25M 2.75%
AMAZON.COM INC $89.89M 2.57%
SPDR Portfolio S&P 500 ETF $83.95M 2.40%
BROADCOM INC $80.59M 2.31%
META PLATFORMS INC CL A $73.99M 2.12%
View all holdings →

Allocation by sector

As of February 28, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Nov 30, 2025 → Feb 28, 2026
Opened
25
Exited
19
Increased
114
Decreased
123
Unchanged
46

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
VANGUARD LARGE-CAP INDEX FUND · VLACX, VLCAX, VLISX, VV 61% 0.03%
CYBER HORNET S&P 500 · INDEX 61% 0.25%
AVIP S&P 500 Index Portfolio 61% 0.38%
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Advisers

As of February 28, 2025 · N-CEN
FirmRole
SSGA Funds Management, Inc. Sub-adviser
Newton Investment Management North America, LLC Sub-adviser
William Blair & Company, L.L.C. Sub-adviser
Brinker Capital Investments, LLC Adviser
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Sub-adviser
Federated MDTA LLC Sub-adviser
River Road Asset Management, LLC Sub-adviser

Footnotes

  1. Expense ratio as of June 27, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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