Destra

Destra fails to meet industry-standard stewardship qualities, culminating in a Below Average Parent Pillar rating. With an average asset-weighted tenure of eight years among the longest-tenured managers at Destra, the firm is on par with peers. Seasoned teams tend to have more experience to draw upon should they need to weather turbulent market conditions. Open-end and exchange-traded fund fees are a weakness at the firm, contributing negatively to the rating. On average, the firm charges fees on its funds that are in the second most-expensive quintile of category peers. With the current market environment of fee compression, this is cause for concern, as investors may flock to alternate asset managers over time to get a better deal. Destra has faced above-average manager turnover in the past five years. This is a concern, as long-term stability tends to support positive results.