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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 15.88  /  −0.13 %
  • Total Assets 210.0 Mil
  • Adj. Expense Ratio
    1.240%
  • Expense Ratio 1.240%
  • 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 5.24%
  • Effective Duration —

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:12 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.

Destra Flaherty& Crumrine Pref& Inc I's Average People Pillar and Process Pillar ratings result in 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-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings DPIIX

More DPIIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Banco Santander SA FXDFR PFS PERPETUAL USD 200000

4.29 8.8 Mil
Corporate

Liberty Mutual Group, Inc. 7.8%

3.48 7.1 Mil
Corporate

Provident Financing Trust I 7.41%

2.34 4.8 Mil
Corporate

Energy Transfer LP FXDFR PRF PERPETUAL USD 25 - Ser C

2.22 4.5 Mil
Energy

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

2.07 4.2 Mil
Corporate

Energy Transfer LP FXDFR PRF PERPETUAL USD 25 - Ser E

1.94 4.0 Mil
Energy

Prudential Financial, Inc. 6.75%

1.84 3.8 Mil
Corporate

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

1.81 3.7 Mil
Financial Services

Citizens Financial Group Inc FXDFR PRF PERPETUAL USD 25 - Ser D

1.61 3.3 Mil
Financial Services

Delphi Financial Group, Inc.

1.53 3.1 Mil
Corporate