Destra Granahan Small Cap Advantage Fund
- DGISX
- Price as of: Mar 05, 2021
-
$17.80
N/A N/A
- Primary Theme
- U.S. Small-Cap Growth Equity
- Fund Company
- Destra
- Share Class
DGISX - Snapshot
Vitals
- YTD Return 4.8%
- 3 Yr Annualized Return N/A
- 5 Yr Annualized Return N/A
- Net Assets $18.9 M
- Holdings in Top 10 33.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 6.49%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 85.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $100,000
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Small-Cap Growth Equity
- Fund Type Open End Mutual Fund
- Investment Style Small Growth
DGISX - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.22%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameDestra Granahan Small Cap Advantage Fund
-
Fund Family NameDestra
-
Inception DateAug 08, 2019
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffrey 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").
DGISX - Performance
Return Ranking - Trailing
Period | DGISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.8% | -8.7% | 32.3% | 32.27% |
1 Yr | 91.2% | 7.5% | 233.4% | 5.25% |
3 Yr | N/A* | -2.5% | 65.7% | N/A |
5 Yr | N/A* | 1.8% | 46.2% | N/A |
10 Yr | N/A* | -3.4% | 23.0% | N/A |
* Annualized
Return Ranking - Calendar
Period | DGISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 63.8% | -63.0% | 340.3% | 2.14% |
2019 | N/A | -22.8% | 42.9% | N/A |
2018 | N/A | -76.3% | 13.6% | N/A |
2017 | N/A | -52.6% | 37.0% | N/A |
2016 | N/A | -49.0% | 25.6% | N/A |
Total Return Ranking - Trailing
Period | DGISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.8% | -8.7% | 32.3% | 32.27% |
1 Yr | 91.2% | 2.2% | 233.4% | 5.25% |
3 Yr | N/A* | -3.7% | 65.7% | N/A |
5 Yr | N/A* | 1.3% | 46.2% | N/A |
10 Yr | N/A* | -3.7% | 23.0% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DGISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 63.8% | -63.0% | 340.3% | 2.14% |
2019 | N/A | -22.8% | 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% | 31.4% | N/A |
NAV & Total Return History
DGISX - Holdings
Concentration Analysis
DGISX | Category Low | Category High | DGISX % Rank | |
---|---|---|---|---|
Net Assets | 18.9 M | 1.67 M | 36.8 B | 97.15% |
Number of Holdings | 101 | 1 | 1240 | 51.90% |
Net Assets in Top 10 | 5.72 M | 724 K | 4.01 B | 94.62% |
Weighting of Top 10 | 33.21% | 5.3% | 100.0% | 11.39% |
Top 10 Holdings
- Fidelity® Treasury Money Market 4.94%
- Magnite Inc 4.40%
- Enphase Energy Inc 3.88%
- Kornit Digital Ltd 3.61%
- LivePerson Inc 3.60%
- Axon Enterprise Inc 2.95%
- Chegg Inc 2.94%
- Brooks Automation Inc 2.82%
- Paylocity Holding Corp 2.68%
- CoStar Group Inc 2.67%
Asset Allocation
Weighting | Return Low | Return High | DGISX % Rank | |
---|---|---|---|---|
Stocks | 97.57% | 49.24% | 100.52% | 62.03% |
Cash | 4.94% | -3.75% | 23.24% | 9.34% |
Preferred Stocks | 0.00% | 0.00% | 2.45% | 52.37% |
Convertible Bonds | 0.00% | 0.00% | 0.10% | 49.05% |
Bonds | 0.00% | -0.03% | 2.04% | 49.21% |
Other | -2.51% | -6.60% | 49.68% | 99.37% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DGISX % Rank | |
---|---|---|---|---|
Technology | 31.49% | 0.00% | 77.76% | 18.20% |
Healthcare | 25.39% | 0.00% | 58.75% | 68.20% |
Industrials | 15.87% | 0.00% | 34.13% | 60.44% |
Consumer Cyclical | 9.12% | 0.00% | 31.01% | 77.69% |
Communication Services | 5.10% | 0.00% | 19.61% | 9.65% |
Financial Services | 4.99% | 0.00% | 100.00% | 57.12% |
Consumer Defense | 3.96% | 0.00% | 14.47% | 43.67% |
Real Estate | 3.31% | 0.00% | 24.53% | 31.49% |
Basic Materials | 0.78% | 0.00% | 10.61% | 73.58% |
Utilities | 0.00% | 0.00% | 3.88% | 63.45% |
Energy | 0.00% | 0.00% | 4.24% | 74.68% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DGISX % Rank | |
---|---|---|---|---|
US | 95.03% | 32.21% | 99.98% | 50.16% |
Non US | 2.54% | 0.00% | 27.85% | 54.27% |
DGISX - Expenses
Operational Fees
DGISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 6.49% | 0.01% | 10.10% | 1.78% |
Management Fee | 1.10% | 0.05% | 1.50% | 94.29% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 11.48% |
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% | 5.50% | 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 | 85.00% | 4.00% | 442.00% | 67.95% |
DGISX - Distributions
Dividend Yield Analysis
DGISX | Category Low | Category High | DGISX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 7.97% | 50.79% |
Dividend Distribution Analysis
DGISX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
DGISX | Category Low | Category High | DGISX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.22% | -3.17% | 1.48% | 87.64% |
Capital Gain Distribution Analysis
DGISX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
DGISX - Fund Manager Analysis
Managers
Jeffrey Harrison
Start Date
Tenure
Tenure Rank
Aug 07, 2019
1.56
1.6%
Jeff Harrison is a Senior Vice President and Managing Director of the firm. Jeff is a portfolio manager/analyst for the multi-managed Small Cap and SMID-Cap portfolios. Jeff came to GIM in 2015 with 18 years industry experience specializing in small cap equities, with the last 11 years as a portfolio manager. Jeff has spent much of his career as portfolio manager on a diversified small cap growth equity fund with Wells Capital Management and its predecessor companies in Richmond, VA. Jeff has extensive fundamental research experience across industries with specific expertise in the healthcare and financial services sectors. Jeff received his MBA in Finance from the College of William & Mary, and his BA from Hampden-Sydney College in Virginia. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute.
Gary Hatton
Start Date
Tenure
Tenure Rank
Aug 07, 2019
1.56
1.6%
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
1.56
1.6%
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
1.56
1.6%
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
1.56
1.6%
Jennifer Pawloski is a Senior Vice President, Financial Officer and Managing Director of GIM. Jennifer’s research has an emphasis in the Technology sector, and she is a portfolio manager for the multi-managed Small Cap and SMID-Cap portfolios. Prior to joining Granahan in 2007, Jennifer was the Director of Equity Research for Longwood Investment Advisors in Boston. Jennifer also worked with the Boston Company as a Vice President. Jennifer received her BS from Bentley College.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 29.18 | 8.39 | 4.0 |