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Destra Flaherty & Crumrine Preferred and Income Fund (DPIAX)

Nasdaq - Nasdaq Delayed price. Currency in USD
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16.39+0.03 (+0.18%)
At close: 08:01PM EDT

Destra Flaherty & Crumrine Preferred and Income Fund

Lisle, IL 60532

901 Warrenville Road, Suite 15

Destra Investment Trust

877.855.3434
Management information
,Lead manager since 11 April 2011
Mr. Chadwick has managed preferred securities at Flaherty & Crumrine since 1999 and is a member of the firm’s portfolio management team. As one of the firm's traders, he shares responsibility for implementing investment strategies. Mr. Chadwick is also involved in the development of tools for managing the portfolios and developing firm-wide systems. Together with Mr. Conwell and Mr. Stone, he serves on the firm's board of directors and is a member of the executive management committee. He also serves as President of the U.S. Flaherty & Crumrine closed-end funds. Prior to joining Flaherty & Crumrine in 1999, he worked at Koch Industries Inc. where he was responsible for managing sizable portfolios of both preferred securities and corporate bonds. He was also responsible for developing analytical tools used in the management of the portfolios, and providing fundamental research on a broad range of credits. Mr. Chadwick earned his M.B.A. from the UCLA Anderson School of Management and his B.S. in Economics from the University of Kansas.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryPreferred Stock
Fund familyDestra
Net assets220.59M
YTD return5.64%
Yield4.98%
Morningstar rating★★★★
Inception date11 Apr 2011

Fund operations

Last dividend0.31
Last cap gain-22.00
Holdings turnover12.00%
Average for categoryN/A

Fees and expenses

ExpenseDPIAXCategory average
Annual report expense ratio (net)1.49%1.00%
Prospectus net expense ratio1.49%N/A
Prospectus gross expense ratio1.49%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A4.00%
Max deferred sales loadN/A1.00%
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A