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Morningstar

Destra Flaherty & Crumrine Pref & Inc A DPIAX

Morningstar Medalist Rating
Medalist Rating as of | See Destra Investment Hub
  • NAV / 1-Day Return 15.16  /  0.80 %
  • Total Assets 205.4 Mil
  • Adj. Expense Ratio
    1.450%
  • Expense Ratio 1.450%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.20%
  • Effective Duration —

USD | NAV as of Jun 02, 2023 | 1-Day Return as of Jun 02, 2023, 10:12 PM GMT+0

Morningstar’s Analysis DPIAX

Will DPIAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DPIAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the DPIAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of DPIAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings DPIAX

More DPIAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 68
  • Other Holdings 120
  • % Assets in Top 10 Holdings 21.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Banco Santander SA FXDFR PFS PERPETUAL USD 200000

3.90
8,447,275
Corporate

Liberty Mutual Group, Inc. 7.8%

3.65
7,887,065
Corporate

Provident Financing Trust I 7.41%

2.18
4,718,565
Corporate

ING Groep N.V. 6.75%

2.18
4,710,483
Corporate

Australia and New Zealand Banking Group Ltd. London Branch 6.75%

1.94
4,195,401
Corporate

Citigroup Inc. 5.95%

1.93
4,172,400
Corporate

Energy Transfer LP FXDFR PRF PERPETUAL USD 25 - Ser C

1.81
3,922,649
Energy

New York Community Bancorp Inc Non-Cum Perp Pfd Shs Series -A-

1.66
3,595,675
Financial Services

CoMed Financing III 6.35%

1.62
3,511,657
Corporate

Energy Transfer LP FXDFR PRF PERPETUAL USD 25 - Ser E

1.62
3,507,566
Energy