MSFDX: Destra Multi-Alternative Fund - MutualFunds.com

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Destra Multi-Alternative A Shares

MSFDX - Snapshot

Vitals

  • YTD Return -14.0%
  • 3 Yr Annualized Return -2.9%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $N/A
  • Holdings in Top 10 80.4%

52 WEEK LOW AND HIGH

$11.73
$11.33
$13.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.23%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 42.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare MSFDX to Popular Diversified Alternatives Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.00

0.00%

$5.61 B

2.09%

$0.21

-6.37%

2.79%

$9.42

-0.84%

$3.34 B

1.21%

$0.12

-2.28%

0.87%

$15.86

-0.06%

$2.86 B

2.23%

$0.36

3.59%

0.92%

$29.31

-1.51%

$2.82 B

5.39%

$1.60

-9.37%

2.19%

$10.20

-0.10%

$2.28 B

1.81%

$0.18

3.24%

1.29%

MSFDX - Profile

Distributions

  • YTD Total Return -14.0%
  • 3 Yr Annualized Total Return -4.8%
  • 5 Yr Annualized Total Return -0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.60%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Destra Multi-Alternative Fund
  • Fund Family Name
    Multi-Strategy
  • Inception Date
    Mar 16, 2012
  • Shares Outstanding
    N/A
  • Share Class
    A
  • 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.


MSFDX - Performance

Return Ranking - Trailing

Period MSFDX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.0% -28.7% 295.5% 89.69%
1 Yr -7.7% -30.0% 23.6% 85.57%
3 Yr -2.9%* -17.7% 9.7% 87.50%
5 Yr 0.4%* -10.3% 10.2% 75.55%
10 Yr N/A* -0.5% 5.3% N/A

* Annualized

Return Ranking - Calendar

Period MSFDX Return Category Return Low Category Return High Rank in Category (%)
2019 3.0% -10.2% 27.3% 63.20%
2018 N/A -20.8% 10.9% N/A
2017 N/A -12.4% 29.4% N/A
2016 N/A -10.5% 15.8% N/A
2015 N/A -22.0% 6.0% N/A

Total Return Ranking - Trailing

Period MSFDX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.0% -28.7% 295.5% 89.69%
1 Yr -13.0% -30.0% 23.6% 91.41%
3 Yr -4.8%* -17.7% 9.7% 91.29%
5 Yr -0.8%* -10.3% 10.2% 86.90%
10 Yr N/A* -0.5% 5.3% N/A

* Annualized

Total Return Ranking - Calendar

Period MSFDX Return Category Return Low Category Return High Rank in Category (%)
2019 4.1% -10.2% 27.3% 59.11%
2018 N/A -20.8% 10.9% N/A
2017 N/A -8.4% 29.4% N/A
2016 N/A -5.9% 18.0% N/A
2015 N/A -22.0% 9.2% N/A

NAV & Total Return History


MSFDX - Holdings

Concentration Analysis

MSFDX Category Low Category High MSFDX % Rank
Net Assets N/A 937 K 5.61 B N/A
Number of Holdings 41 4 3106 83.74%
Net Assets in Top 10 90.6 M -80.3 M 2.32 B 41.52%
Weighting of Top 10 80.38% 8.3% 99.9% 23.42%

Top 10 Holdings

  1. Treehouse Real Estate Invt Tr 15.22%
  2. CLARION LION INDUSTRIAL TRUST 11.49%
  3. CLARION LION INDUSTRIAL TRUST 11.49%
  4. CLARION LION INDUSTRIAL TRUST 11.49%
  5. CLARION LION INDUSTRIAL TRUST 11.49%
  6. CLARION LION INDUSTRIAL TRUST 11.49%
  7. CLARION LION INDUSTRIAL TRUST 11.49%
  8. CLARION LION INDUSTRIAL TRUST 11.49%
  9. CLARION LION INDUSTRIAL TRUST 11.49%
  10. CLARION LION INDUSTRIAL TRUST 11.49%

Asset Allocation

Weighting Return Low Return High MSFDX % Rank
Other
85.23% -13.24% 110.12% 2.08%
Stocks
31.94% -12.15% 208.15% 41.52%
Preferred Stocks
0.00% -0.12% 52.62% 92.04%
Convertible Bonds
0.00% 0.00% 80.56% 95.50%
Bonds
-0.03% -448.46% 17034.14% 92.73%
Cash
-17.14% -16955.40% 527.15% 90.66%

Stock Sector Breakdown

Weighting Return Low Return High MSFDX % Rank
Financial Services
60.67% 0.00% 60.67% 1.50%
Real Estate
17.78% 0.00% 78.90% 9.77%
Energy
9.11% 0.00% 100.00% 7.52%
Industrials
5.27% 0.00% 22.91% 81.20%
Technology
3.67% 0.00% 100.00% 93.98%
Healthcare
2.22% 0.00% 60.35% 97.37%
Utilities
1.14% 0.00% 17.25% 85.34%
Basic Materials
0.08% 0.00% 21.30% 95.86%
Communication Services
0.05% 0.00% 28.42% 97.37%
Consumer Defense
0.01% 0.00% 36.59% 96.24%
Consumer Cyclical
0.00% 0.00% 23.96% 98.87%

Stock Geographic Breakdown

Weighting Return Low Return High MSFDX % Rank
US
34.25% -29.73% 208.15% 20.07%
Non US
-2.31% -15.16% 50.07% 96.89%

MSFDX - Expenses

Operational Fees

MSFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.23% 0.29% 31.15% 15.03%
Management Fee 1.35% 0.00% 2.50% 79.07%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

MSFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 45.45%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MSFDX 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.

MSFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.00% 0.00% 496.00% 24.32%

MSFDX - Distributions

Dividend Yield Analysis

MSFDX Category Low Category High MSFDX % Rank
Dividend Yield 0.00% 0.00% 4.00% 91.69%

Dividend Distribution Analysis

MSFDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Semi-Annually Annually

Net Income Ratio Analysis

MSFDX Category Low Category High MSFDX % Rank
Net Income Ratio 1.60% -1.38% 6.83% 27.27%

Capital Gain Distribution Analysis

MSFDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

MSFDX - Fund Manager Analysis

Managers

Mark Scalzo


Start Date

Tenure

Tenure Rank

Mar 01, 2015

5.59

5.6%

Mark C. Scalzo — Co-Portfolio Manager — Mr. Scalzo, Chief Investment Officer of the Sub-Adviser, is the Fund’s Co-Portfolio Manager. Mr. Scalzo has been employed by the Sub-Adviser since June 2014, has served the Fund since March 1, 2015 and is responsible for investment management, investment strategy creation, and research communications.

Aaron Rosen


Start Date

Tenure

Tenure Rank

Jan 31, 2016

4.67

4.7%

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
0.24 16.87 4.41 3.25