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Morningstar

Destra Flaherty & Crumrine Pref & Inc I DPIIX

Morningstar Medalist Rating
Medalist Rating as of | See Destra Investment Hub
  • NAV / 1-Day Return 15.21  /  0.13 %
  • Total Assets 209.7 Mil
  • Adj. Expense Ratio
    1.200%
  • Expense Ratio 1.200%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 5.50%
  • Effective Duration —

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:16 PM GMT+0

Morningstar’s Analysis DPIIX

Will DPIIX 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 DPIIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the DPIIX 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 DPIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Destra Flaherty& Crumrine Pref& Inc I's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

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
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Portfolio Holdings DPIIX

More DPIIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 65
  • Other Holdings 110
  • % Assets in Top 10 Holdings 21.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Banco Santander SA FXDFR PFS PERPETUAL USD 200000

3.72
7,984,382
Corporate

Liberty Mutual Group, Inc. 7.8%

3.44
7,386,012
Corporate

Fidelity Treasury Port I

2.48
5,314,463
Cash and Equivalents

ING Groep N.V. 6.75%

2.18
4,671,281
Corporate

Energy Transfer LP FXDFR PRF PERPETUAL USD 25 - Ser C

2.14
4,603,752
Energy

Provident Financing Trust I 7.41%

2.12
4,561,515
Corporate

Citigroup Inc. 5.95%

2.04
4,378,868
Corporate

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

1.92
4,117,404
Corporate

Energy Transfer LP FXDFR PRF PERPETUAL USD 25 - Ser E

1.82
3,906,554
Energy

SCE Trust VI 5% Cum Red Pfd Secs Series -L-

1.77
3,791,797
Financial Services