NPORT-EX 2 destrmultialter_nport-ex.htm DESTRAMULTIALTNPORTEX123122

 

Destra Multi-Alternative Fund
Schedule of Investments
As of December 31, 2022 (unaudited)

 

Shares/        
Contracts/        
Principal   Security  Value 
     COMMON STOCKS – 20.3%     
     AEROSPACE/DEFENSE – 1.0%     
 2,248   L3Harris Technologies, Inc.  $468,056 
 900   Northrop Grumman Corp.   491,049 
         959,105 
     AUTO MANUFACTURERS – 0.8%     
 3,290   Cummins, Inc.   797,134 
           
     BANKS – 1.3%     
 47,558   Huntington Bancshares, Inc.   670,568 
 7,315   Morgan Stanley   621,921 
         1,292,489 
     BIOTECHNOLOGY – 0.4%     
 6,632   Corteva, Inc.   389,829 
           
     CHEMICALS – 0.5%     
 4,847   International Flavors & Fragrances, Inc.   508,159 
           
     ELECTRIC – 0.6%     
 7,227   NextEra Energy, Inc.   604,177 
           
     FINANCIAL SERVICES – 0.4%     
 5,099   Blackstone Group, Inc.   378,295 
           
     FOOD SERVICE – 0.6%     
 2,090   McDonald’s Corp.   550,778 
           
     HEALTHCARE-SERVICES – 0.7%     
 1,200   UnitedHealth Group, Inc.   636,216 
           
     INSURANCE – 0.6%     
 6,654   Principal Financial Group, Inc.   558,404 
           
     INVESTMENT COMPANIES – 0.1%     
 10,094   CION Investment Corp.   98,417 
           
     LISTED BUSINESS DEVELOPMENT COMPANIES – 3.7%     
 316,500   Owl Rock Capital Corp.(1)   3,655,575 
           
     MACHINERY-DIVERSIFIED – 0.5%     
 1,695   Rockwell Automation, Inc.   436,581 
           
     MEDIA – 0.4%     
 12,254   Comcast Corp., Class A   428,522 
           
     MINING – 0.6%     
 12,163   Newmont Mining Corp.   574,094 
           
     MISCELLANEOUS MANUFACTURING – 1.1%     
 2,618   Illinois Tool Works, Inc.   576,745 
 1,839   Parker-Hannifin Corp.   535,149 
         1,111,894 
Shares/        
Contracts/        
Principal   Security  Value 
     COMMON STOCKS (continued)     
     OIL & GAS – 1.5%     
 5,569   EOG Resources, Inc.  $721,297 
 3,198   Pioneer Natural Resources Co.   730,391 
         1,451,688 
     OIL & GAS SERVICES – 0.6%     
 21,059   Baker Hughes Co.   621,872 
           
     PHARMACEUTICALS – 0.4%     
 2,620   AbbVie, Inc.   423,418 
           
     RETAIL – 1.0%     
 2,534   Target Corp.   377,668 
 8,092   The TJX Cos., Inc.   644,123 
         1,021,791 
     SEMICONDUCTORS – 1.2%     
 3,497   Analog Devices, Inc.   573,613 
 1,135   Broadcom, Ltd.   634,612 
         1,208,225 
     SOFTWARE – 0.6%     
 2,268   Microsoft Corp.   543,912 
           
     TELECOMMUNICATIONS – 0.7%     
 20,034   Corning, Inc.   639,886 
           
     TRANSPORTATION – 1.0%     
 2,193   Union Pacific Corp.   454,105 
 3,067   United Parcel Service, Inc., Class B   533,167 
         987,272 
     TOTAL COMMON STOCKS    
     (Cost $22,333,727)   19,877,733 
           
     EXCHANGE-TRADED FUND – 1.9%     
 119,330   Global X Nasdaq 100 Covered Call ETF   1,898,540 
     TOTAL EXCHANGE-TRADED FUND    
     (Cost $2,154,021)   1,898,540 
           
     MEDIUM TERM NOTES – 5.1%     
     BANKS – 4.6%     
 1,500,000   Credit Suisse AG London, 0.0%, 09/18/25(2)(3)   1,500,000 
 3,000,000   UBS AG London, 13.75%, 09/18/25(2)(3)   3,000,000 
         4,500,000 
     DIVERSIFIED FINANCIAL SERVICES – 0.5%     
 500,000   GS Finance Corp., 12.1%, 09/30/24(2)(3)   500,000 
           
     TOTAL MEDIUM TERM NOTES    
     (Cost $5,000,000)   5,000,000 

 

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Destra Multi-Alternative Fund
Schedule of Investments (continued)
As of December 31, 2022 (unaudited)

 

Shares/        
Contracts/      
Principal   Security  Value 
     PRIVATE COMPANIES – 12.7%     
 744,880   Always AI, Inc., Series A-1 Preferred Stock(2)(3)(4)  $2,428,458 
 179,641   Clear Street Group, Inc., Series B Preferred Stock(2)(3)(4)   1,500,002 
 23,723   Eat Just, Inc., Series F Common Stock(2)(3)(4)   450,000 
 542,467   GOSITE, Inc., Series A-1 Preferred Stock(2)(3)(4)   4,680,000 
 497,216   Iridia, Inc., Series A-3 Preferred Stock(2)(3)(4)   828,312 
 2,550,000   Nurture Life, Inc., Convertible Debt, 6.0%, 12/31/23(2)(3)   2,550,000 
     TOTAL PRIVATE COMPANIES    
     (Cost $9,415,497)   12,436,772 
           
     PURCHASED OPTIONS CONTRACTS – 0.1%     
     CALL OPTIONS – 0.1%     
 195   MP Materials Corp. Exercise Price: $45, Notional Amount: $877,500, Expiration Date: 03/17/2023(4)   1,950 
 75   MP Materials Corp. Exercise Price: $50, Notional Amount: $375,000, Expiration Date: 06/16/2023(4)   2,063 
 100   Tesla, Inc. Exercise Price: $425, Notional Amount: $4,250,000, Expiration Date: 01/19/2024(4)   20,000 
 50   Tesla, Inc. Exercise Price: $375, Notional Amount: $1,875,000, Expiration Date: 01/19/2024(4)   13,900 
     TOTAL CALL OPTIONS   37,913 
     TOTAL PURCHASED OPTIONS CONTRACTS    
     (Cost $62,042)   37,913 
           
     CONTINGENT VALUE RIGHTS – 0.7%     
     PHARMACEUTICALS – 0.0%     
 142,000   Bristol-Myers Squibb Co.(2)(4)   - 
           
     REAL ESTATE – 0.7%     
 456,540   Hospitality Investors Trust, Inc.(2)(3)(4)   241,226 
 579,536   Ready Capital Corp.(2)(3)(4)   479,241 
         720,467 
     TOTAL CONTINGENT VALUE RIGHTS    
     (Cost $9,395,583)   720,467 
Shares/        
Contracts/      
Principal   Security  Value 
     REAL ESTATE INVESTMENT TRUSTS – 28.7%     
     LISTED REAL ESTATE INVESTMENT TRUSTS – 8.9%     
 275,000   Newlake Capital Partners, Inc.  $4,405,500 
 4,175   Prologis, Inc., REIT   470,648 
 345,947   Ready Capital Corp.   3,853,849 
     TOTAL LISTED REAL ESTATE INVESTMENT TRUSTS   8,729,997 
          
     NON-LISTED REAL ESTATE INVESTMENT TRUSTS – 7.6%     
 320,112   Healthcare Trust, Inc., 7.375% Series A Preferred Stock(2)(3)   4,323,699 
 1,061,081   NorthStar Healthcare Income, Inc., Common Stock(2)(3)(4)   3,140,686 
     TOTAL NON-LISTED REAL ESTATE INVESTMENT TRUSTS   7,464,385 
          
     PRIVATE REAL ESTATE INVESTMENT TRUSTS – 12.2%     
 715,000   Aventine Property Group, Inc., Common Stock(2)(3)   4,969,250 
 715,000   Treehouse Real Estate Investment Trust, Inc., Common Stock(2)(3)(5)   6,999,850 
     TOTAL PRIVATE REAL ESTATE INVESTMENT TRUSTS   11,969,100 
     TOTAL REAL ESTATE INVESTMENT TRUSTS    
     (Cost $37,691,886)   28,163,482 
          
     ALTERNATIVE INVESTMENT FUNDS – 42.9%     
 250   Arboretum Core Asset Fund LP(3)(5)(6)   2,357,385 
 -   Canyon CLO Fund II LP(2)(3)(7)   9,018,785 
 -   Canyon CLO Fund III LP(2)(3)(5)(7)   4,925,559 
 4,113   Clarion Lion Industrial Trust(3)(6)   17,349,175 
 -   Ovation Alternative Income Fund(3)(6)(7)   1,131,914 
 159   Preservation REIT 1, Inc.(3)(6)(8)   7,216,362 
 52   SGOF Liquidating Master, Ltd.(3)(4)(6)   72,587 
     TOTAL ALTERNATIVE INVESTMENT FUNDS    
     (Cost $25,379,559)   42,071,767 

 

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Destra Multi-Alternative Fund

Schedule of Investments (continued)

As of December 31, 2022 (unaudited)

 

Shares/        
Contracts/        
Principal   Security  Value 
     SHORT-TERM INVESTMENTS – 6.1%     
     MONEY MARKET FUND – 6.1%     
 5,932,439   Fidelity Investments Money Market Funds - Government Portfolio, Class I, 4.06%(1)(9)  $5,932,439 
     TOTAL SHORT-TERM INVESTMENTS    
     (Cost $5,932,439)   5,932,439 
     TOTAL INVESTMENTS – 118.5%    
     (Cost $117,364,754)   116,139,113 
     Liabilities in Excess of Other Assets – (18.5)%   (18,131,102)
     TOTAL NET ASSETS – 100.0%  $98,008,011 
           
     WRITTEN OPTIONS CONTRACTS – (0.0)%     
     CALL OPTIONS – (0.0)%     
 (55)  MP Materials Corp. Exercise Price: $80, Notional Amount: $(440,000), Expiration Date: 01/19/2024   (1,650)
 (30)  MP Materials Corp. Exercise Price: $70, Notional Amount: $(210,000), Expiration Date: 01/19/2024   (1,500)
 (10)  MP Materials Corp. Exercise Price: $75, Notional Amount: $(75,000), Expiration Date: 01/19/2024   (400)
     TOTAL CALL OPTIONS   (3,550)
     TOTAL WRITTEN OPTIONS CONTRACTS   
     (Proceeds $(10,052))   (3,550)
Shares/        
Contracts/        
Principal   Security  Value 
     EXCHANGE-TRADED FUNDS SOLD SHORT – (1.1)%     
 (9,900)  Direxion Daily S&P 500 Bull 3X  $(614,889)
 (1,290)   iShares Transportation Average ETF   (275,480)
 (9,800)  ProShares UltraPro QQQ   (169,540)
     TOTAL EXCHANGE-TRADED FUNDS SOLD SHORT   
     (Proceeds $(802,222))   (1,059,909)
     TOTAL SHORT SECURITIES 
     (Proceeds $(812,274))  $(1,063,459)

 

(1)All or a portion of this security is segregated as collateral for securities sold short.
(2)Fair valued using significant unobservable inputs.
(3)Restricted investments as to resale.
(4)Non-income producing security.
(5)Affiliated investment for which ownership exceeds 5% of the investment’s capital.
(6)Investments in Alternative Investment Funds are valued using net asset value per share (or it’s equivalent) as practical expedient.
(7)Alternative investment fund does not issue shares.
(8)Affiliated investment for which ownership exceeds 25% of the investment’s capital.
(9)The rate is the annualized seven-day yield as of December 31, 2022.

 

ETF — Exchange-Traded Fund

LP — Limited Partnership

REIT — Real Estate Investment Trusts

 

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Destra Multi-Alternative Fund

Schedule of Investments (continued)

As of December 31, 2022 (unaudited)

 

Restricted securities — Restricted securities are securities that may be resold only upon registration under federal securities laws or in transactions exempt from such registration. In some cases, the issuer of restricted securities has agreed to register such securities for resale, at the issuer’s expense either upon demand by the Fund or in connection with another registered offering of the securities. Many restricted securities may be resold in the secondary market in transactions exempt from registration. Such restricted securities may be determined to be liquid under criteria established by the Board. The restricted securities may be valued at the price provided by dealers in the secondary market or, if no market prices are available, the fair value as determined in good faith using methods approved by the Board. The Alternative Investment Funds generally are restricted securities that are subject to substantial holding periods and are not traded in public markets, so that the Fund may not be able to resell some of its investments for extended periods, which may be several years.

 

Additional information on each restricted investment held by the Fund at December 31, 2022 is as follows:

 

   Acquisition           % of Net 
Security Description  Date   Cost   Value   Assets 
Always AI, Inc.   1/5/2021   $1,999,998   $2,428,458    2.5%
Arboretum Core Asset Fund LP   8/2/2018    2,500,000    2,357,385    2.3 
Aventine Property Group, Inc.   1/13/2021    5,392,100    4,969,250    5.1 
Canyon CLO Fund II LP   2/25/2019    8,126,591    9,018,785    9.2 
Canyon CLO Fund III LP   3/1/2022    4,739,596    4,925,559    5.0 
Clarion Lion Industrial Trust   6/29/2015    5,559,433    17,349,175    17.7 
Clear Street Group, Inc.   5/11/2022    1,500,000    1,500,002    1.5 
Credit Suisse AG London   9/13/2022    1,500,000    1,500,000    1.5 
Eat Just, Inc.   6/11/2021    515,501    450,000    0.5 
GOSITE, Inc.   7/31/2020    2,099,998    4,680,000    4.8 
GS Finance Corp.   9/23/2022    500,000    500,000    0.5 
Healthcare Trust, Inc.   3/30/2012    4,799,644    4,323,699    4.4 
Hospitality Investors Trust, Inc.   2/17/2015    9,236,371    241,226    0.2 
Iridia, Inc.   2/25/2021    750,000    828,312    0.8 
NorthStar Healthcare Income, Inc.   3/29/2012    6,706,530    3,140,686    3.2 
Nurture Life, Inc.   8/2/2022    2,550,000    2,550,000    2.6 
Ovation Alternative Income Fund   7/25/2014    1,076,773    1,131,914    1.2 
Preservation REIT 1, Inc.   10/22/2019    3,377,166    7,216,362    7.4 
Ready Capital Corp.   7/6/2017    -(1)    479,241    0.5 
SGOF Liquidating Master, Ltd.   6/2/2015    -(1)    72,587    0.1 
Treehouse Real Estate Investment Trust, Inc.   12/31/2018    8,744,181    6,999,850    7.1 
UBS AG London   9/13/2022    3,000,000    3,000,000    3.1 
Total       $74,673,882   $79,662,491    81.20%

 

(1)Transferred at no cost as a result of a corporate action.

 

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