NPORT-EX 2 destramulti_nportex.htm DESTRA MULTI ALT NPORT-EX

 

Destra Multi-Alternative Fund
Schedule of Investments
As of June 30, 2023 (unaudited)

 

Shares/
Contracts/
Principal		     Security   Value  
        COMMON STOCKS – 18.6%    
        AGRICULTURE – 0.6%    
  7,774     Archer-Daniels-Midland Co.   $ 587,403  
                 
        AUTO MANUFACTURERS – 0.6%    
  2,303     Cummins, Inc.     564,603  
                 
        BANKS – 0.9%    
  7,315     Morgan Stanley     624,701  
  2,000     PNC Financial Services Group, Inc.     251,900  
              876,601  
             
        BIOTECHNOLOGY – 0.3%    
  4,642     Corteva, Inc.     265,987  
                 
        CHEMICALS – 0.1%    
  1,454     International Flavors & Fragrances, Inc.     115,724  
                 
        COMPUTERS – 0.5%    
  7,528     Cognizant Technology Solutions Corp., Class A     491,428  
                 
        DIVERSIFIED FINANCIAL SERVICES – 0.5%    
  2,891     American Express Co.     503,612  
                 
        ELECTRIC – 0.6%    
  7,227     NextEra Energy, Inc.     536,243  
                 
        FINANCIAL SERVICES – 0.2%    
  1,530     Blackstone Group, Inc.     142,244  
                 
        FOOD SERVICE – 0.5%    
  1,463     McDonald’s Corp.     436,574  
                 
        HEALTHCARE-SERVICES – 0.7%    
  600     Elevance Health, Inc.     266,574  
  840     UnitedHealth Group, Inc.     403,738  
              670,312  
             
        INSURANCE – 0.5%    
  6,654     Principal Financial Group, Inc.     504,639  
                 
        INVESTMENT COMPANIES – 0.1%    
  10,094     CION Investment Corp.     104,776  
                 
        LISTED BUSINESS DEVELOPMENT COMPANIES – 4.1%    
  286,500     Owl Rock Capital Corp.(1)     3,844,830  
                 
        MACHINERY-DIVERSIFIED – 0.7%    
  1,257     Deere & Co.     509,324  
  505     Rockwell Automation, Inc.     166,372  
              675,696  
             
        MEDIA – 0.5%    
  12,254     Comcast Corp., Class A     509,154  
Shares/
Contracts/
Principal		     Security   Value  
        COMMON STOCKS (continued)    
        MINING – 0.5%    
  12,163     Newmont Mining Corp.   $ 518,874  
                 
        MISCELLANEOUS MANUFACTURING – 0.3%  
  687     Parker-Hannifin Corp.     267,957  
                 
        OIL & GAS – 1.7%    
  5,569     EOG Resources, Inc.     637,316  
  3,943     Marathon Petroleum Corp.     459,754  
  2,238     Pioneer Natural Resources Co.     463,669  
              1,560,739  
             
        OIL & GAS SERVICES – 0.2%    
  6,318     Baker Hughes Co.     199,712  
                 
        PHARMACEUTICALS – 0.3%    
  1,834     AbbVie, Inc.     247,095  
                 
        RETAIL – 0.8%    
  1,464     Genuine Parts Co.     247,753  
  5,664     The TJX Cos., Inc.     480,250  
              728,003  
             
        SEMICONDUCTORS – 1.2%    
  3,497     Analog Devices, Inc.     681,251  
  535     Broadcom, Ltd.     464,075  
              1,145,326  
             
        SOFTWARE – 0.4%    
  1,168     Microsoft Corp.     397,751  
                 
        TELECOMMUNICATIONS – 0.7%    
  20,034     Corning, Inc.     701,991  
                 
        TRANSPORTATION – 1.1%    
  2,193     Union Pacific Corp.     448,731  
  3,067     United Parcel Service, Inc., Class B     549,760  
              998,491  
        TOTAL COMMON STOCKS        
        (Cost $18,335,448)     17,595,765  
                 
        EXCHANGE-TRADED FUNDS – 2.0%    
  69,330     Global X Nasdaq 100 Covered Call ETF     1,230,607  
  40,000     Global X Russell 2000 Covered Call ETF     723,600  
        TOTAL EXCHANGE-TRADED FUNDS
(Cost $1,925,878)		     1,954,207  
                 
        MEDIUM TERM NOTES – 5.3%    
        BANKS – 4.8%    
  1,500,000     Credit Suisse AG London, 0.0%, 09/18/25(2)(3)(4)     1,500,000  
  3,000,000     UBS AG London, 13.75%, 09/18/25(2)(4)     3,000,000  
              4,500,000  

 

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Destra Multi-Alternative Fund
Schedule of Investments (continued)
As of June 30, 2023 (unaudited)

 

Shares/
Contracts/
Principal		     Security   Value  
        MEDIUM TERM NOTES (continued)    
        DIVERSIFIED FINANCIAL SERVICES – 0.5%    
  500,000     GS Finance Corp., 12.1%, 09/30/24(2)(4)   $ 500,000  
        TOTAL MEDIUM TERM NOTES        
        (Cost $5,000,000)     5,000,000  
                 
        PRIVATE COMPANIES – 12.7%    
  254,113     Always AI, Inc., Series A-1 Preferred Stock(2)(3)(4)     513,967  
  490,767     Always AI, Inc., Series B Preferred Stock(2)(3)(4)     2,055,869  
  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)     475,883  
  542,467     GOSITE, Inc., Series A-1 Preferred Stock(2)(3)(4)     4,084,777  
  497,216     Iridia, Inc., Series A-3 Preferred Stock(2)(3)(4)     868,126  
  2,550,000     Nurture Life, Inc., Convertible Debt, 6.0%, 12/31/23(2)(4)     2,550,000  
        TOTAL PRIVATE COMPANIES        
        (Cost $9,415,497)     12,048,624  
                 
        PURCHASED OPTIONS CONTRACTS – 0.0%    
        CALL OPTIONS – 0.0%    
  20     Charles Schwab Corp.
Exercise Price: $68, Notional Amount: $135,000, Expiration Date: 09/15/2023(3)		     960  
  20     Charles Schwab Corp.
Exercise Price: $70, Notional Amount: $140,000, Expiration Date: 03/15/2024(3)		     4,300  
  21     Tesla, Inc.
Exercise Price: $425, Notional Amount: $892,500, Expiration Date: 01/19/2024(3)		     16,968  
  21     Tesla, Inc.
Exercise Price: $375, Notional Amount: $787,500, Expiration Date: 01/19/2024(3)		     26,565  
        TOTAL CALL OPTIONS     48,793  
        TOTAL PURCHASED OPTIONS CONTRACTS        
        (Cost $27,127)     48,793  
                 
        CONTINGENT VALUE RIGHTS – 0.6%    
        PHARMACEUTICALS – 0.0%    
  142,000     Bristol-Myers Squibb Co.(2)(3)     -  
                 
        REAL ESTATE – 0.6%    
  456,540     Hospitality Investors Trust, Inc.(2)(3)(4)     241,226  
  579,536     Ready Capital Corp.(2)(3)(4)     318,906  
              560,132  
        TOTAL CONTINGENT VALUE RIGHTS        
        (Cost $9,395,584)     560,132  
Shares/
Contracts/
Principal		     Security   Value  
        WARRANTS – 0.0%    
        FOOD – 0.0%    
  878,570     Nurture Life, Inc.(2)(3)(4)   $ 8,786  
        TOTAL WARRANTS        
        (Cost $-)     8,786  
                 
        REAL ESTATE INVESTMENT TRUSTS – 29.4%    
        LISTED REAL ESTATE INVESTMENT TRUSTS – 8.7%    
  275,000     Newlake Capital Partners, Inc.      3,795,000  
  4,175     Prologis, Inc., REIT     511,981  
  345,947     Ready Capital Corp.      3,902,282  
        TOTAL LISTED REAL ESTATE INVESTMENT TRUSTS     8,209,263  
                 
        NON-LISTED REAL ESTATE INVESTMENT TRUSTS – 8.1%    
  329,575     Healthcare Trust, Inc., Common Stock(2)(4)     4,718,585  
  1,061,081     NorthStar Healthcare Income, Inc., Common Stock(2)(3)(4)     3,000,504  
        TOTAL NON-LISTED REAL ESTATE INVESTMENT TRUSTS     7,719,089  
                 
        PRIVATE REAL ESTATE INVESTMENT TRUSTS – 12.6%    
  715,000     Aventine Property Group, Inc., Common Stock(2)(4)     5,291,000  
  715,000     Treehouse Real Estate Investment Trust, Inc., Common Stock(2)(4)(5)     6,635,200  
        TOTAL PRIVATE REAL ESTATE INVESTMENT TRUSTS     11,926,200  
        TOTAL REAL ESTATE INVESTMENT TRUSTS        
        (Cost $37,402,851)     27,854,552  
                 
        ALTERNATIVE INVESTMENT FUNDS – 47.2%    
  250     Arboretum Core Asset Fund LP(4)(5)(6)     2,414,683  
  -     Canyon CLO Fund II LP(2)(3)(4)(7)     8,949,003  
  -     Canyon CLO Fund III (Cayman) Ltd.(2)(3)(4)(5)(7)     9,147,237  
  4,113     Clarion Lion Industrial Trust(4)(6)     16,694,539  
  -     Ovation Alternative Income Fund(4)(6)(7)     870,516  
  159     Preservation REIT 1, Inc.(4)(6)(8)     6,475,511  
  52     SGOF Liquidating Master, Ltd.(3)(4)(6)     126,610  
        TOTAL ALTERNATIVE INVESTMENT FUNDS        
        (Cost $27,898,445)     44,678,099  

 

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Destra Multi-Alternative Fund
Schedule of Investments (continued)
As of June 30, 2023 (unaudited)

 

Shares/
Contracts/
Principal		     Security   Value  
        SHORT-TERM INVESTMENTS – 7.1%    
        MONEY MARKET FUND – 7.1%    
  6,693,908     Fidelity Investments Money Market Funds - Government Portfolio, Class I, 4.99%(1)(9)   $ 6,693,908  
        TOTAL SHORT-TERM INVESTMENTS        
        (Cost $6,693,908)     6,693,908  
        TOTAL INVESTMENTS – 122.9%        
        (Cost $116,094,738)     116,442,866  
        Liabilities in Excess of Other Assets – (22.9)%     (21,732,877 )
        TOTAL NET ASSETS – 100.0%   $ 94,709,989  
                 
        WRITTEN OPTIONS CONTRACT – (0.0)%    
        CALL OPTIONS – (0.0)%    
  (40 )   Charles Schwab Corp.
Exercise Price: $85, Notional Amount: $(340,000), Expiration Date: 03/15/2024		     (2,280 )
        TOTAL WRITTEN OPTIONS CONTRACT        
        (Proceeds $(9,104))     (2,280 )
Shares/
Contracts/
Principal		     Security   Value  
        EXCHANGE-TRADED FUNDS SOLD SHORT – (1.7)%    
  (9,900 )   Direxion Daily S&P 500 Bull 3X   $ (890,802 )
  (1,290 )   iShares Transportation Average ETF     (322,268 )
  (9,800 )   ProShares UltraPro QQQ     (401,800 )
        TOTAL EXCHANGE-TRADED FUNDS SOLD SHORT        
        (Proceeds $(802,222))     (1,614,870 )
        TOTAL SHORT SECURITIES        
        (Proceeds $(811,326))   $ (1,617,150 )

 

(1)  All or a portion of this security is segregated as collateral for securities sold short.
(2)  Fair valued using significant unobservable inputs.
(3)  Non-income producing security.
(4)  Restricted investment as to resale.
(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 as a 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 June 30, 2023.

 

ETF – Exchange-Traded Fund
LP – Limited Partnership
REIT – Real Estate Investment Trusts

 

3

 

 

Destra Multi-Alternative Fund
Schedule of Investments (continued)
As of June 30, 2023 (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 June 30, 2023 is as follows:

 

Security Description   Acquisition
Date		   Cost     Value     % of Net
Assets		  
Always AI, Inc.   1/5/2021   $ 1,999,998     $ 2,569,836       2.7 %
Arboretum Core Asset Fund LP   8/2/2018     2,500,000       2,414,683       2.6  
Aventine Property Group, Inc.   1/13/2021     5,292,000       5,291,000       5.6  
Canyon CLO Fund II LP   2/25/2019     7,247,030       8,949,003       9.5  
Canyon CLO Fund III (Cayman) Ltd.   3/1/2022     8,411,878       9,147,237       9.7  
Clarion Lion Industrial Trust   6/29/2015     5,548,819       16,694,539       17.6  
Clear Street Group, Inc.   5/11/2022     1,500,000       1,500,002       1.6  
Credit Suisse AG London   9/13/2022     1,500,000       1,500,000       1.6  
Eat Just, Inc.   6/11/2021     515,501       475,883       0.5  
GOSITE, Inc.   7/31/2020     2,099,998       4,084,777       4.3  
GS Finance Corp.   9/23/2022     500,000       500,000       0.5  
Healthcare Trust, Inc.   3/30/2012     4,936,238       4,718,585       4.9  
Hospitality Investors Trust, Inc.   2/17/2015     9,236,371       241,226       0.3  
Iridia, Inc.   2/25/2021     750,000       868,126       0.9  
NorthStar Healthcare Income, Inc.   3/29/2012     6,706,530       3,000,504       3.2  
Nurture Life, Inc.   8/2/2022     2,550,000       2,550,000       2.7  
Nurture Life, Inc., Warrants   12/23/2022     -       8,786       -  
Ovation Alternative Income Fund   7/25/2014     813,552       870,516       0.9  
Preservation REIT 1, Inc.   10/22/2019     3,377,166       6,475,511       6.8  
Ready Capital Corp., Contingent Value Rights   7/6/2017     - (1)      318,906       0.3  
SGOF Liquidating Master, Ltd.   6/2/2015     - (1)      126,610       0.1  
Treehouse Real Estate Investment Trust, Inc.   12/31/2018     8,792,962       6,635,200       7.0  
UBS AG London   9/13/2022     3,000,000       3,000,000       3.2  
Total       $ 77,278,043     $ 81,940,930       86.50 %

 

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

 

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