MCFDX: Destra Multi-Alternative C Shares

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MCFDX Destra Multi-Alternative C Shares


Profile

MCFDX - Profile

Vitals

  • YTD Return -0.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $N/A
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$13.00
$12.90
$13.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover 49.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Closed-end mutual fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Destra Multi-Alternative Fund
  • Fund Family Name
    Multi-Strategy
  • Inception Date
    Jul 02, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Scalzo

Fund Description

The fund pursues its investment objective by investing primarily in the income-producing securities: (1) public and private real estate securities (including securities issued by real estate funds), (2) alternative investment funds ("AIFs"), (3) master limited partnerships ("MLPs"), (4) common and preferred stocks and (5) structured notes, notes, bonds and asset-backed securities. It is non-diversified.


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Categories

Performance

MCFDX - Performance

Return Ranking - Trailing

Period MCFDX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -17.9% 20.9% 65.99%
1 Yr -2.0% -59.0% 69.4% 63.44%
3 Yr N/A* -25.5% 33.4% 51.52%
5 Yr N/A* -25.9% 26.2% 41.44%
10 Yr N/A* -8.5% 32.6% N/A

* Annualized

Return Ranking - Calendar

Period MCFDX Return Category Return Low Category Return High Rank in Category (%)
2019 2.3% -52.1% 71.9% 71.73%
2018 N/A -43.8% 7.5% N/A
2017 N/A -25.3% 59.5% N/A
2016 N/A -24.5% 47.9% N/A
2015 N/A -65.1% 11.8% N/A

Total Return Ranking - Trailing

Period MCFDX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -17.9% 20.9% 65.99%
1 Yr -1.5% -59.0% 69.4% 63.14%
3 Yr N/A* -25.5% 38.7% 58.59%
5 Yr N/A* -25.9% 29.2% 47.30%
10 Yr N/A* -8.0% 34.3% N/A

* Annualized

Total Return Ranking - Calendar

Period MCFDX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -52.1% 71.9% 70.82%
2018 N/A -38.4% 8.2% N/A
2017 N/A -25.3% 68.6% N/A
2016 N/A -24.5% 65.5% N/A
2015 N/A -65.1% 11.8% N/A

NAV & Total Return History


Holdings

MCFDX - Holdings

Concentration Analysis

MCFDX Category Low Category High MCFDX % Rank
Net Assets N/A 1.07 M 8.07 B N/A
Number of Holdings 55 3 1896 40.58%
Net Assets in Top 10 -2.74 M -2.74 M 2.11 B 99.42%
Weighting of Top 10 N/A 12.9% 238.7% 1.15%

Top 10 Holdings

  1. Barclays Line Of Credit 163.70%
  2. Owl Rock Capital Corp Ordinary Shares 82.66%
  3. Brookfield Real Assets Income Fund Inc. 12.70%
  4. BlackRock Multi-Sector Income 12.51%
  5. DoubleLine Income Solutions 12.43%
  6. American Campus Communities Inc 12.27%
  7. ProShares UltraPro QQQ 11.74%
  8. Apollo Tactical Income 8.78%
  9. AllianceBernstein Holding LP 8.23%
  10. Colony Credit Real Estate Inc Class A 8.11%

Asset Allocation

Weighting Return Low Return High MCFDX % Rank
Stocks
157.04% 80.15% 188.60% 2.03%
Cash
32.45% -93.51% 58.00% 0.87%
Preferred Stocks
5.78% 0.00% 9.95% 1.74%
Convertible Bonds
3.22% 0.00% 3.64% 2.03%
Other
-17.30% -65.39% 24.96% 97.39%
Bonds
-81.18% -81.18% 78.08% 99.42%

Stock Sector Breakdown

Weighting Return Low Return High MCFDX % Rank
Financial Services
60.67% 0.00% 60.67% 0.61%
Real Estate
17.78% 0.00% 99.68% 5.20%
Energy
9.11% 0.00% 100.00% 38.84%
Industrials
5.27% 0.00% 49.77% 63.91%
Technology
3.67% 0.00% 57.56% 67.89%
Healthcare
2.22% 0.00% 99.62% 66.97%
Utilities
1.14% 0.00% 37.40% 68.20%
Basic Materials
0.08% 0.00% 10.91% 72.17%
Communication Services
0.05% 0.00% 20.99% 64.53%
Consumer Defense
0.01% 0.00% 20.50% 64.83%
Consumer Cyclical
0.00% 0.00% 34.98% 93.27%

Stock Geographic Breakdown

Weighting Return Low Return High MCFDX % Rank
US
151.14% 80.15% 186.80% 2.03%
Non US
5.90% -0.33% 39.88% 22.32%

Expenses

MCFDX - Expenses

Operational Fees

MCFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.37% 37.17% N/A
Management Fee 1.35% 0.03% 2.64% 92.75%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.05% 0.45% 42.27%

Sales Fees

MCFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MCFDX 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.

MCFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 0.00% 5191.00% 44.04%

Distributions

MCFDX - Distributions

Dividend Yield Analysis

MCFDX Category Low Category High MCFDX % Rank
Dividend Yield 1.02% 0.00% 11.75% 28.41%

Dividend Distribution Analysis

MCFDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

MCFDX Category Low Category High MCFDX % Rank
Net Income Ratio N/A -49.00% 4.56% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MCFDX - Fund Manager Analysis

Managers

Mark Scalzo


Start Date

Tenure

Tenure Rank

Mar 01, 2015

4.92

4.9%

Mr. Scalzo, Chief Investment Officer of both Validus Growth Investors, LLC (from 2012) and Lucia Capital Management, LLC (from 2014). Prior to joining the firm, Mr. Scalzo was Executive Vice President, Co-Portfolio Manager and Director of Research, from November 2008 to October 2012, for Aletheia Securities, Inc. Before that, he served as Group Vice President, Mergers & Acquisitions, for Fisher Asset Management, LLC. Mr. Scalzo graduated cum laude from The Wharton School at the University of Pennsylvania with a B.S. in economics.

Aaron Rosen


Start Date

Tenure

Tenure Rank

Jan 31, 2016

4.0

4.0%

Mr. Rosen serves as LCM Investment Management, LLC Vice President of Research. Mr. Rosen has been employed by the firm since November 2014, and is responsible for due diligence, research and valuation, as well as aiding with portfolio management and security selection. Mr. Rosen also serves as the Director of Due Diligence for Lucia Securities, LLC and has held that role since November 2014. Prior to joining the firm, Mr. Rosen served as the senior Alternative Investment Analyst for AIG Advisor Group, focusing specifically on illiquid alternatives. Before that, Mr. Rosen served as a Senior Analyst for Irongate Capital Management, LLC, where he provided an extensive range of investment management services, including research and allocation decisions on investments for a family office. Mr. Rosen graduated magna cum laude from Honors Program of Boston University with a BSBA in Finance and a minor in Economics. He holds the Series 7, 63 and 66 licenses, and he holds the Chartered Financial Analyst (CFA) designation from the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 41.62 6.11 9.84