DGISX: Destra Granahan Small Cap Advantage Fund

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DGISX Destra Granahan Small Cap Advantage Fund


Profile

DGISX - Profile

Vitals

  • YTD Return 18.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $10.7 M
  • Holdings in Top 10 28.2%

52 WEEK LOW AND HIGH

$12.46
$6.96
$13.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 35.78%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 86.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 18.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.95%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Destra Granahan Small Cap Advantage Fund
  • Fund Family Name
    Destra
  • Inception Date
    Aug 08, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Harrison

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of issuers with small market capitalization. Its investments primarily consist of equity and equity-related securities, including, without limitation, exchange-traded and over-the-counter common and preferred stocks, U.S. dollar-denominated American Depositary Receipts ("ADRs"), warrants to acquire common stock, securities convertible into common stock and shares of other investment companies (including ETFs and real estate investment trusts ("REITs").


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Categories

Performance

DGISX - Performance

Return Ranking - Trailing

Period DGISX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.8% -36.4% 256.3% 17.37%
1 Yr N/A -44.5% 206.5% N/A
3 Yr N/A* -53.1% 33.7% N/A
5 Yr N/A* -38.2% 18.0% N/A
10 Yr N/A* -17.7% 14.7% N/A

* Annualized

Return Ranking - Calendar

Period DGISX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -49.8% 42.9% N/A
2018 N/A -54.2% 13.6% N/A
2017 N/A -73.6% 36.1% N/A
2016 N/A -49.0% 133.1% N/A
2015 N/A -70.7% 8.6% N/A

Total Return Ranking - Trailing

Period DGISX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.8% -36.4% 256.3% 17.37%
1 Yr N/A -44.5% 206.5% N/A
3 Yr N/A* -23.1% 33.7% N/A
5 Yr N/A* -17.1% 23.8% N/A
10 Yr N/A* -8.2% 25.3% N/A

* Annualized

Total Return Ranking - Calendar

Period DGISX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -49.8% 42.9% N/A
2018 N/A -54.2% 14.5% N/A
2017 N/A -8.4% 42.0% N/A
2016 N/A -16.4% 133.1% N/A
2015 N/A -59.6% 19.3% N/A

NAV & Total Return History


Holdings

DGISX - Holdings

Concentration Analysis

DGISX Category Low Category High DGISX % Rank
Net Assets 10.7 M 5.05 M 27.9 B 97.62%
Number of Holdings 109 1 2017 43.49%
Net Assets in Top 10 2.57 M 753 K 2.93 B 95.08%
Weighting of Top 10 28.21% 5.5% 100.0% 20.63%

Top 10 Holdings

  1. Axon Enterprise Inc 4.51%
  2. LivePerson Inc 3.99%
  3. Chegg Inc 2.94%
  4. Etsy Inc 2.74%
  5. Paylocity Holding Corp 2.68%
  6. CoStar Group Inc 2.67%
  7. Brooks Automation Inc 2.45%
  8. eHealth Inc 2.18%
  9. SPS Commerce Inc 2.10%
  10. Kornit Digital Ltd 1.95%

Asset Allocation

Weighting Return Low Return High DGISX % Rank
Stocks
98.32% 84.02% 100.51% 44.44%
Cash
1.72% -4.85% 14.30% 53.02%
Preferred Stocks
0.00% 0.00% 4.09% 17.46%
Convertible Bonds
0.00% 0.00% 0.16% 6.35%
Bonds
0.00% 0.00% 3.66% 7.46%
Other
-0.04% -11.65% 4.75% 97.30%

Stock Sector Breakdown

Weighting Return Low Return High DGISX % Rank
Technology
32.03% 2.71% 81.98% 13.33%
Healthcare
27.61% 0.08% 52.56% 62.86%
Industrials
14.63% 0.00% 33.14% 70.95%
Consumer Cyclical
10.53% 0.00% 32.01% 56.67%
Consumer Defense
5.90% 0.00% 18.15% 32.06%
Real Estate
3.51% 0.00% 10.86% 28.41%
Financial Services
3.30% 0.00% 22.83% 83.02%
Communication Services
1.38% 0.00% 10.38% 62.54%
Basic Materials
1.11% 0.00% 11.33% 61.11%
Utilities
0.00% 0.00% 5.90% 37.30%
Energy
0.00% 0.00% 5.19% 53.97%

Stock Geographic Breakdown

Weighting Return Low Return High DGISX % Rank
US
95.23% 80.02% 100.51% 47.62%
Non US
3.09% 0.00% 12.15% 42.70%

Expenses

DGISX - Expenses

Operational Fees

DGISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 35.78% 0.05% 36.03% 0.33%
Management Fee 1.10% 0.05% 1.50% 94.44%
12b-1 Fee 0.00% 0.00% 1.00% 1.40%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

DGISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DGISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DGISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 86.00% 9.00% 474.00% 69.35%

Distributions

DGISX - Distributions

Dividend Yield Analysis

DGISX Category Low Category High DGISX % Rank
Dividend Yield 0.00% 0.00% 27.38% 9.84%

Dividend Distribution Analysis

DGISX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

DGISX Category Low Category High DGISX % Rank
Net Income Ratio -0.95% -2.35% 1.11% 77.51%

Capital Gain Distribution Analysis

DGISX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

DGISX - Fund Manager Analysis

Managers

Jeffrey Harrison


Start Date

Tenure

Tenure Rank

Aug 07, 2019

1.07

1.1%

Jeffrey A. Harrison, CFA, is a Vice President and Portfolio Manager with an expertise in the healthcare and financial services sectors. He has co-managed a portion of the Fund since July 2015. Prior to joining GIMI in 2015, Mr.Harrison was with Wells Capital Management in Richmond, Virginia, where he was a portfolio manager on a diversified small cap growth equity fund. Jeffrey earned a bachelor’s degree in economics from Hampden-Sydney College and a master’s degree in business administration from The College of William and Mary. Jeffrey has earned the right to use the CFA designation and is a member of CFA Institute.

Gary Hatton


Start Date

Tenure

Tenure Rank

Aug 07, 2019

1.07

1.1%

Gary Hatton is co-Founder and Chief Investment Officer of Granahan Investment Management, and is a Managing Director serving on the Executive Committee. As a portfolio manager, Gary is responsible for the GIM Small Cap Discoveries strategy and a portion of the multi-managed Small Cap and SMID-Cap portfolios. His research expertise is in the Medical and Biotechnology Sectors. Prior to joining Granahan Investment Management in 1985, Gary was a Healthcare and Industrials Analyst at Eaton Vance Management in Boston. Gary received his MS in Finance from the University of Wisconsin at Madison, and his BS from University of Rhode Island. Gary holds the Chartered Financial Analyst designation and is a member of the CFA Institute.

Andrew Beja


Start Date

Tenure

Tenure Rank

Aug 07, 2019

1.07

1.1%

Andrew Beja, CFA, joined Granahan Investment Management at the end of 2011 as a Portfolio Manager. From 2000 to 2011, Drew was with Lee Munder Capital Group in Boston, a firm he co-founded and where he managed several small and SMID cap growth equity products. In 2007, he started the Focused Growth strategy that he continues to manage at Granahan. Prior to Lee Munder, Drew was a portfolio manager with Standish, Ayer & Wood. Before moving to the buy-side, Drew was an equities analyst for Advest. Beja holds the Chartered Financial Analyst designation. He holds a BA from Miami University (Ohio) and was named fourth on the Barron’s/Value Line list of Top Fund Managers in July 2000.

David Rose


Start Date

Tenure

Tenure Rank

Aug 07, 2019

1.07

1.1%

David Rose joined GIM in January 2015 and is a Vice President of the firm. David has over 17 years industry experience, including as a portfolio manager for several highly ranked equity funds. At GIM, he is a portfolio manager for the multi-managed Small Cap and SMID-Cap portfolios, and a global equity analyst. Prior to joining GIM, most recently David was a partner with Furey Research Partners in Boston, where he conducted small cap equity research for use by the firm’s investment manager clients. Prior to his work at Furey Research, David spent much of his career as a portfolio manager with American Century Investments in Kansas City, MO, before moving to Pyramis Global Advisors in Smithfield, RI to manage a new mid-cap fund. David received his MS in Finance from the University of Wisconsin at Madison, and his BS in Business Administration from Washington University in St. Louis, MO. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the Boston Security Analysts Society.

Jennifer Pawloski


Start Date

Tenure

Tenure Rank

Aug 07, 2019

1.07

1.1%

Jennifer M. Pawloski is a Senior Vice President, Financial Officer and Managing Director of Granahan Investment Management Inc. Jennifer’s research has an emphasis in the Technology sector. She has worked in investment management since 1993, has been with Granahan since 2007, has managed investment portfolios since 2008. Prior to joining Granahan Investment Management Inc in 2007, Ms. Pawloski was the Director of Equity Research for Longwood Investment Advisors in Boston, Massachusetts. Education: B.S., Bentley College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 29.09 8.32 3.5