Expense Ratio History

DMSFX expense ratio history

Destinations Multi Strategy Alternatives Fund, Class I

Fund company
Brinker Capital Destinations
Type
Mutual fund

1.69%

In basis points
169 basis points
Yearly cost per $10,000
$169
Prospectus dated
1 July 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.73% on 1 July 2026

Fee over time

DMSFX expense ratio: 1.91% until 20 Mar 2017, then 1.86%; 1.86% until 1 Jul 2018, then 1.85%; 1.85% until 1 Jul 2019, then 2.07%; 2.07% until 1 Jul 2020, then 2.12%; 2.12% until 1 Jul 2021, then 1.89%; 1.89% until 1 Jul 2022, then 1.86%; 1.86% until 1 Jul 2023, then 1.85%; 1.85% until 1 Jul 2024, then 1.80%; 1.80% until 1 Jul 2025, then 1.73%; 1.73% until 1 Jul 2026, then 1.69%; read at 1.69% on 1 Jul 2026.0.00%1.00%2.00%3.00%Feb 2017Oct 2018Jun 2020Feb 2022Oct 2023Jun 20251.91% before1.69% from 1 Jul 2026
DMSFX expense ratio: 1.91% until 20 Mar 2017, then 1.86%; 1.86% until 1 Jul 2018, then 1.85%; 1.85% until 1 Jul 2019, then 2.07%; 2.07% until 1 Jul 2020, then 2.12%; 2.12% until 1 Jul 2021, then 1.89%; 1.89% until 1 Jul 2022, then 1.86%; 1.86% until 1 Jul 2023, then 1.85%; 1.85% until 1 Jul 2024, then 1.80%; 1.80% until 1 Jul 2025, then 1.73%; 1.73% until 1 Jul 2026, then 1.69%; read at 1.69% on 1 Jul 2026.0.00%1.00%2.00%3.00%Feb 2017May 2020Aug 20231.91% before1.69% from 1 Jul 2026
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 2 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
DMSFX (this page) Class I 1.69% 1.33% 1 Jul 2026
DMSZX Class Z 1.54% 1.18% 1 Jul 2026

Every figure we've recorded

DateFeeWhat happened
1 Jul 2026 1.69% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2026 1.69% Cut from 1.73% to 1.69%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-06-26
1 Jul 2025 1.73% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2025 1.73% Cut from 1.80% to 1.73%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-06-27
1 Jul 2024 1.80% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2024 1.80% Cut from 1.85% to 1.80%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-06-28
1 Jul 2023 1.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-07-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Jul 2023 1.85% Cut from 1.86% to 1.85%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-04-04
1 Jul 2022 1.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2022 1.86% Cut from 1.89% to 1.86%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-06-28
1 Jul 2021 1.89% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2021 1.89% Cut from 2.12% to 1.89%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-06-28
1 Jul 2020 2.12% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2020 2.12% Raised from 2.07% to 2.12%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-07-09
1 Jul 2019 2.07% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2019 2.07% Raised from 1.85% to 2.07%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-07-23
1 Jul 2018 1.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2018 1.85% Cut from 1.86% to 1.85%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-07-19
20 Mar 2017 1.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-03-20 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
20 Mar 2017 1.86% Cut from 1.91% to 1.86%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2017-12-28
17 Mar 2017 1.91% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-03-17 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.69% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$2,010 in fees over 10 years

After fees, $10,000 grows to $13,793.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$173
3 years$537
5 years$925
10 years$2,010

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 11 prospectuses for this share class since 2017. Each one is listed above with a link to the filing.

How we read fees

More Brinker Capital Destinations funds

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