Destra Multi-Alternative Fund |
Schedule of Investments |
As of December 31, 2023 (unaudited) |
Shares/ Contracts/ Principal | Security | Value | ||||||
COMMON STOCKS – 16.6% | ||||||||
AEROSPACE/DEFENSE – 0.1% | ||||||||
613 | Moog, Inc., Class A | $ | 88,750 | |||||
AGRICULTURE – 0.6% | ||||||||
7,774 | Archer-Daniels-Midland Co. | 561,438 | ||||||
AUTO MANUFACTURERS – 0.3% | ||||||||
1,152 | Cummins, Inc. | 275,985 | ||||||
AUTO PARTS & EQUIPMENT – 0.1% | ||||||||
3,830 | Methode Electronics, Inc. | 87,056 | ||||||
BANKS – 0.8% | ||||||||
7,315 | Morgan Stanley | 682,124 | ||||||
1,000 | PNC Financial Services Group, Inc. | 154,850 | ||||||
836,974 | ||||||||
BIOTECHNOLOGY – 0.1% | ||||||||
2,321 | Corteva, Inc. | 111,222 | ||||||
CHEMICALS – 0.3% | ||||||||
1,545 | Ashland, Inc. | 130,259 | ||||||
1,454 | International Flavors & Fragrances, Inc. | 117,730 | ||||||
247,989 | ||||||||
COMMERCIAL SERVICES – 0.1% | ||||||||
1,552 | Korn/Ferry International | 92,111 | ||||||
COMPUTERS – 0.3% | ||||||||
3,764 | Cognizant Technology Solutions Corp., Class A | 284,295 | ||||||
DIVERSIFIED FINANCIAL SERVICES – 0.4% | ||||||||
2,211 | Air Lease Corp. | 92,730 | ||||||
1,445 | American Express Co. | 270,706 | ||||||
363,436 | ||||||||
ELECTRIC – 0.4% | ||||||||
7,227 | NextEra Energy, Inc. | 438,968 | ||||||
ENTERTAINMENT – 0.2% | ||||||||
2,570 | Cedar Fair LP | 102,286 | ||||||
598 | Marriott Vacations Worldwide Corp. | 50,764 | ||||||
153,050 | ||||||||
FINANCIAL SERVICES – 0.2% | ||||||||
1,530 | Blackstone Group, Inc. | 200,308 | ||||||
FOOD SERVICE – 0.2% | ||||||||
731 | McDonald’s Corp. | 216,749 | ||||||
GAS – 0.1% | ||||||||
1,145 | Chesapeake Utilities Corp. | 120,946 |
Shares/ Contracts/ Principal | Security | Value | ||||||
COMMON STOCKS (continued) | ||||||||
HEALTHCARE-PRODUCTS – 0.1% | ||||||||
3,322 | Patterson Cos., Inc. | $ | 94,511 | |||||
HEALTHCARE-SERVICES – 0.5% | ||||||||
600 | Elevance Health, Inc. | 282,936 | ||||||
420 | UnitedHealth Group, Inc. | 221,117 | ||||||
504,053 | ||||||||
INSURANCE – 0.4% | ||||||||
3,327 | Principal Financial Group, Inc. | 261,735 | ||||||
79 | White Mountains Insurance Group Ltd. | 118,896 | ||||||
380,631 | ||||||||
INVESTMENT COMPANIES – 3.6% | ||||||||
236,500 | Blue Owl Capital Corp.(1) | 3,490,740 | ||||||
10,094 | CION Investment Corp. | 114,163 | ||||||
3,604,903 | ||||||||
MACHINERY-DIVERSIFIED – 0.4% | ||||||||
628 | Deere & Co. | 251,118 | ||||||
486 | Lindsay Corp. | 62,772 | ||||||
252 | Rockwell Automation, Inc. | 78,241 | ||||||
392,131 | ||||||||
MEDIA – 0.6% | ||||||||
177 | Cable One, Inc. | 98,516 | ||||||
12,254 | Comcast Corp., Class A | 537,338 | ||||||
635,854 | ||||||||
MINING – 0.5% | ||||||||
12,163 | Newmont Mining Corp. | 503,427 | ||||||
MISCELLANEOUS MANUFACTURING – 0.5% | ||||||||
687 | Parker-Hannifin Corp. | 316,501 | ||||||
5,377 | Trinity Industries, Inc. | 142,974 | ||||||
459,475 | ||||||||
OIL & GAS – 1.5% | ||||||||
2,784 | EOG Resources, Inc. | 336,725 | ||||||
3,943 | Marathon Petroleum Corp. | 584,984 | ||||||
2,238 | Pioneer Natural Resources Co. | 503,281 | ||||||
1,687 | Sunoco LP | 101,102 | ||||||
1,526,092 | ||||||||
OIL & GAS SERVICES – 0.1% | ||||||||
3,159 | Baker Hughes Co. | 107,975 | ||||||
PACKAGING & CONTAINERS – 0.1% | ||||||||
2,351 | Silgan Holdings, Inc. | 106,383 | ||||||
PHARMACEUTICALS – 0.1% | ||||||||
917 | AbbVie, Inc. | 142,107 |
1
Destra Multi-Alternative Fund |
Schedule of Investments (continued) |
As of December 31, 2023 (unaudited) |
Shares/ Contracts/ Principal | Security | Value | ||||||
COMMON STOCKS (continued) | ||||||||
PIPELINES – 0.1% | ||||||||
979 | DT Midstream, Inc. | $ | 53,649 | |||||
REAL ESTATE – 0.2% | ||||||||
1,231 | McGrath RentCorp. | 147,252 | ||||||
REITS – 0.1% | ||||||||
3,960 | COPT Defense Properties, REIT | 101,495 | ||||||
RETAIL – 0.6% | ||||||||
1,355 | Advance Auto Parts, Inc. | 82,696 | ||||||
1,464 | Genuine Parts Co. | 202,764 | ||||||
1,105 | Papa John’s International, Inc. | 84,234 | ||||||
2,832 | The TJX Cos., Inc. | 265,670 | ||||||
635,364 | ||||||||
SEMICONDUCTORS – 0.8% | ||||||||
1,749 | Analog Devices, Inc. | 347,282 | ||||||
1,981 | Azenta, Inc.(2) | 129,042 | ||||||
268 | Broadcom Ltd. | 299,155 | ||||||
775,479 | ||||||||
SOFTWARE – 0.3% | ||||||||
2,389 | CSG Systems International, Inc. | 127,119 | ||||||
584 | Microsoft Corp. | 219,607 | ||||||
346,726 | ||||||||
TELECOMMUNICATIONS – 0.7% | ||||||||
6,514 | A10 Networks, Inc. | 85,790 | ||||||
20,034 | Corning, Inc. | 610,035 | ||||||
695,825 | ||||||||
TEXTILES – 0.1% | ||||||||
763 | UniFirst Corp. | 139,560 | ||||||
TRANSPORTATION – 1.0% | ||||||||
2,193 | Union Pacific Corp. | 538,645 | ||||||
3,067 | United Parcel Service, Inc., Class B | 482,224 | ||||||
1,020,869 | ||||||||
WATER – 0.1% | ||||||||
1,264 | American States Water Co. | 101,651 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $17,218,164) | 16,554,689 | |||||||
EXCHANGE-TRADED FUND – 1.0% | ||||||||
58,600 | Global X Russell 2000 Covered Call ETF | 980,964 | ||||||
TOTAL EXCHANGE-TRADED FUND | ||||||||
(Cost $999,934) | 980,964 |
Shares/ Contracts/ Principal | Security | Value | ||||||
MEDIUM TERM NOTES – 1.5% | ||||||||
BANKS – 1.5% | ||||||||
1,500,000 | Credit Suisse AG London, 0.0%, 09/18/25(2)(3)(4) | $ | 1,500,000 | |||||
TOTAL MEDIUM TERM NOTES | ||||||||
(Cost $1,500,000) | 1,500,000 | |||||||
PRIVATE COMPANIES – 18.1% | ||||||||
2,000,000 | Always AI, Inc., Convertible Debt, 8.0%, 09/29/25(2)(3)(4) | 2,000,000 | ||||||
254,113 | Always AI, Inc., Series A-1 Preferred Stock(2)(3)(4) | 794,042 | ||||||
490,767 | Always AI, Inc., Series B Preferred Stock(2)(3)(4) | 3,176,169 | ||||||
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 | ||||||
56,331 | GOSITE, Inc., Convertible Debt, 10.0%, 04/19/25(3)(4) | 56,331 | ||||||
542,467 | GOSITE, Inc., Series A-1 Preferred Stock(2)(3)(4) | 4,084,777 | ||||||
750,000 | Iridia, Inc., Convertible Debt, 8.0%, 06/20/25(3)(4) | 750,000 | ||||||
497,216 | Iridia, Inc., Series A-3 Preferred Stock(2)(3)(4) | 1,299,458 | ||||||
2,380,077 | Nurture Life, Inc., Series B Preferred Stock(2)(3)(4) | 3,933,553 | ||||||
TOTAL PRIVATE COMPANIES | ||||||||
(Cost $12,918,545) | 18,070,215 | |||||||
PURCHASED OPTIONS CONTRACTS – 0.8% | ||||||||
CALL OPTIONS – 0.8% | ||||||||
5 | Adobe, Inc. Exercise Price: $670, Notional Amount: $335,000, Expiration Date: 06/21/2024(2) | 13,435 | ||||||
10 | Advanced Micro Devices, Inc. Exercise Price: $155, Notional Amount: $155,000, Expiration Date: 06/21/2024(2) | 15,800 | ||||||
7 | Advanced Micro Devices, Inc. Exercise Price: $145, Notional Amount: $101,500, Expiration Date: 06/21/2024(2) | 14,189 | ||||||
25 | Advanced Micro Devices, Inc. Exercise Price: $165, Notional Amount: $412,500, Expiration Date: 06/21/2024(2) | 30,525 | ||||||
20 | Airbnb, Inc. Exercise Price: $175, Notional Amount: $350,000, Expiration Date: 06/21/2024(2) | 8,000 | ||||||
20 | Airbnb, Inc. Exercise Price: $180, Notional Amount: $360,000, Expiration Date: 06/21/2024(2) | 6,520 |
2
Destra Multi-Alternative Fund |
Schedule of Investments (continued) |
As of December 31, 2023 (unaudited) |
Shares/ Contracts/ Principal | Security | Value | ||||||
PURCHASED OPTIONS CONTRACTS (continued) | ||||||||
CALL OPTIONS (continued) | ||||||||
5 | ASML Holding NV Exercise Price: $880, Notional Amount: $440,000, Expiration Date: 06/21/2024(2) | $ | 11,415 | |||||
5 | ASML Holding NV Exercise Price: $860, Notional Amount: $430,000, Expiration Date: 06/21/2024(2) | 13,375 | ||||||
5 | ASML Holding NV Exercise Price: $820, Notional Amount: $410,000, Expiration Date: 06/21/2024(2) | 19,400 | ||||||
3 | ASML Holding NV Exercise Price: $740, Notional Amount: $222,000, Expiration Date: 06/21/2024(2) | 23,025 | ||||||
20 | Charles Schwab Corp. Exercise Price: $70, Notional Amount: $140,000, Expiration Date: 03/15/2024(2) | 6,800 | ||||||
6 | Crowdstrike Holdings, Inc. Exercise Price: $240, Notional Amount: $144,000, Expiration Date: 06/21/2024(2) | 23,610 | ||||||
15 | Deere & Company Exercise Price: $500, Notional Amount: $750,000, Expiration Date: 06/21/2024(2) | 5,715 | ||||||
40 | DoorDash, Inc. Exercise Price: $110, Notional Amount: $440,000, Expiration Date: 06/21/2024(2) | 31,200 | ||||||
40 | DoorDash, Inc. Exercise Price: $115, Notional Amount: $460,000, Expiration Date: 06/21/2024(2) | 24,800 | ||||||
65 | DraftKings, Inc. Exercise Price: $40, Notional Amount: $260,000, Expiration Date: 06/21/2024(2) | 21,970 | ||||||
5 | Eli Lilly And Co. Exercise Price: $670, Notional Amount: $335,000, Expiration Date: 06/21/2024(2) | 11,525 | ||||||
25 | Enphase Energy, Inc. Exercise Price: $280, Notional Amount: $700,000, Expiration Date: 06/21/2024(2) | 4,500 | ||||||
2 | HubSpot, Inc. Exercise Price: $500, Notional Amount: $100,000, Expiration Date: 06/21/2024(2) | 23,660 | ||||||
50 | Marvell Technology, Inc. Exercise Price: $85, Notional Amount: $425,000, Expiration Date: 06/21/2024(2) | 6,150 |
Shares/ Contracts/ Principal | Security | Value | ||||||
PURCHASED OPTIONS CONTRACTS (continued) | ||||||||
CALL OPTIONS (continued) | ||||||||
55 | Marvell Technology, Inc. Exercise Price: $80, Notional Amount: $440,000, Expiration Date: 01/17/2025(2) | $ | 28,050 | |||||
20 | Mp Materials Corp. Exercise Price: $35, Notional Amount: $70,000, Expiration Date: 01/19/2024(2) | - | ||||||
10 | Mp Materials Corp. Exercise Price: $45, Notional Amount: $45,000, Expiration Date: 01/17/2025(2) | 750 | ||||||
30 | Mp Materials Corp. Exercise Price: $50, Notional Amount: $150,000, Expiration Date: 01/17/2025(2) | 1,800 | ||||||
10 | Netflix, Inc. Exercise Price: $620, Notional Amount: $620,000, Expiration Date: 06/21/2024(2) | 11,850 | ||||||
10 | Netflix, Inc. Exercise Price: $600, Notional Amount: $600,000, Expiration Date: 06/21/2024(2) | 15,100 | ||||||
6 | Netflix, Inc. Exercise Price: $500, Notional Amount: $300,000, Expiration Date: 06/21/2024(2) | 27,594 | ||||||
8 | NVIDIA Corp. Exercise Price: $630, Notional Amount: $504,000, Expiration Date: 06/21/2024(2) | 15,200 | ||||||
70 | On Holding AG Exercise Price: $43, Notional Amount: $297,500, Expiration Date: 01/19/2024(2) | - | ||||||
130 | Palantir Technologies, Inc. Exercise Price: $27, Notional Amount: $351,000, Expiration Date: 06/21/2024(2) | 8,710 | ||||||
40 | Pinterest, Inc. Exercise Price: $40, Notional Amount: $160,000, Expiration Date: 06/21/2024(2) | 13,320 | ||||||
16 | Pinterest, Inc. Exercise Price: $37, Notional Amount: $59,200, Expiration Date: 06/21/2024(2) | 7,488 | ||||||
50 | Roblox Corp. Exercise Price: $65, Notional Amount: $325,000, Expiration Date: 06/21/2024(2) | 10,750 | ||||||
45 | Roblox Corp. Exercise Price: $45, Notional Amount: $202,500, Expiration Date: 06/21/2024(2) | 34,087 |
3
Destra Multi-Alternative Fund |
Schedule of Investments (continued) |
As of December 31, 2023 (unaudited) |
Shares/ Contracts/ Principal | Security | Value | ||||||
PURCHASED OPTIONS CONTRACTS (continued) | ||||||||
CALL OPTIONS (continued) | ||||||||
20 | Salesforce, Inc. Exercise Price: $270, Notional Amount: $540,000, Expiration Date: 06/21/2024(2) | $ | 40,760 | |||||
35 | Shopify, Inc. Exercise Price: $75, Notional Amount: $262,500, Expiration Date: 06/21/2024(2) | 43,575 | ||||||
15 | Snowflake, Inc. Exercise Price: $260, Notional Amount: $390,000, Expiration Date: 06/21/2024(2) | 11,625 | ||||||
20 | Snowflake, Inc. Exercise Price: $240, Notional Amount: $480,000, Expiration Date: 06/21/2024(2) | 23,450 | ||||||
25 | Snowflake, Inc. Exercise Price: $220, Notional Amount: $550,000, Expiration Date: 06/21/2024(2) | 45,250 | ||||||
21 | Tesla, Inc. Exercise Price: $425, Notional Amount: $892,500, Expiration Date: 01/19/2024(2) | 21 | ||||||
21 | Tesla, Inc. Exercise Price: $375, Notional Amount: $787,500, Expiration Date: 01/19/2024(2) | 105 | ||||||
8 | Tesla, Inc. Exercise Price: $350, Notional Amount: $280,000, Expiration Date: 09/20/2024(2) | 11,400 | ||||||
18 | Tesla, Inc. Exercise Price: $450, Notional Amount: $810,000, Expiration Date: 09/20/2024(2) | 9,270 | ||||||
90 | Toast, Inc. Exercise Price: $18, Notional Amount: $162,000, Expiration Date: 06/21/2024(2) | 29,520 | ||||||
35 | Trade Desk, Inc. Exercise Price: $110, Notional Amount: $385,000, Expiration Date: 06/21/2024(2) | 5,548 | ||||||
50 | Trade Desk, Inc. Exercise Price: $80, Notional Amount: $400,000, Expiration Date: 06/21/2024(2) | 37,100 | ||||||
20 | Uber Technologies, Inc. Exercise Price: $60, Notional Amount: $120,000, Expiration Date: 06/21/2024(2) | 16,000 |
Shares/ Contracts/ Principal | Security | Value | ||||||
PURCHASED OPTIONS CONTRACTS (continued) | ||||||||
CALL OPTIONS (continued) | ||||||||
60 | UiPath, Inc. Exercise Price: $30, Notional Amount: $180,000, Expiration Date: 06/21/2024(2) | $ | 12,600 | |||||
30 | UiPath, Inc. Exercise Price: $25, Notional Amount: $75,000, Expiration Date: 06/21/2024(2) | 11,700 | ||||||
8 | Vertex Pharmaceuticals Incorporated Exercise Price: $400, Notional Amount: $320,000, Expiration Date: 06/21/2024(2) | 30,560 | ||||||
6 | Zscaler, Inc. Exercise Price: $220, Notional Amount: $132,000, Expiration Date: 07/19/2024(2) | 19,290 | ||||||
TOTAL CALL OPTIONS | 838,087 | |||||||
TOTAL PURCHASED OPTIONS CONTRACTS | ||||||||
(Cost $745,368) | 838,087 | |||||||
CONTINGENT VALUE RIGHTS – 0.5% | ||||||||
PHARMACEUTICALS – 0.0% | ||||||||
142,000 | Bristol-Myers Squibb Co.(2)(3) | - | ||||||
REAL ESTATE – 0.5% | ||||||||
456,540 | Hospitality Investors Trust, Inc.(2)(3)(4) | 241,226 | ||||||
579,536 | Ready Capital Corp.(2)(3)(4) | 257,026 | ||||||
498,252 | ||||||||
TOTAL CONTINGENT VALUE RIGHTS | ||||||||
(Cost $9,395,584) | 498,252 | |||||||
WARRANTS – 0.0% | ||||||||
FOOD – 0.0% | ||||||||
878,570 | Nurture Life, Inc.(2)(3)(4) | 8,786 | ||||||
SOFTWARE – 0.0% | ||||||||
1 | Always AI, Inc., Warrants(2)(3)(4) | - | ||||||
TOTAL WARRANTS | ||||||||
(Cost $—) | 8,786 | |||||||
REAL ESTATE INVESTMENT TRUSTS – 28.3% | ||||||||
LISTED REAL ESTATE INVESTMENT TRUSTS – 8.5% | ||||||||
275,000 | Newlake Capital Partners, Inc. | 4,402,750 | ||||||
4,175 | Prologis, Inc., REIT | 556,527 | ||||||
345,947 | Ready Capital Corp. | 3,545,957 | ||||||
TOTAL LISTED REAL ESTATE INVESTMENT TRUSTS | 8,505,234 |
4
Destra Multi-Alternative Fund |
Schedule of Investments (continued) |
As of December 31, 2023 (unaudited) |
Shares/ Contracts/ Principal | Security | Value | ||||||
REAL ESTATE INVESTMENT TRUSTS (continued) | ||||||||
NON-LISTED REAL ESTATE INVESTMENT TRUSTS – 7.8% | ||||||||
339,656 | Healthcare Trust, Inc., Common Stock(3)(4) | $ | 4,932,148 | |||||
1,061,081 | NorthStar Healthcare Income, Inc., Common Stock(2)(3)(4) | 2,841,133 | ||||||
TOTAL NON-LISTED REAL ESTATE INVESTMENT TRUSTS | 7,773,281 | |||||||
PRIVATE REAL ESTATE INVESTMENT TRUSTS – 12.0% | ||||||||
715,000 | Aventine Property Group, Inc., Common Stock(3)(4) | 6,821,100 | ||||||
715,000 | Treehouse Real Estate Investment Trust, Inc., Common Stock(3)(4)(5) | 5,205,200 | ||||||
TOTAL PRIVATE REAL ESTATE INVESTMENT TRUSTS | 12,026,300 | |||||||
TOTAL REAL ESTATE INVESTMENT TRUSTS | ||||||||
(Cost $37,286,821) | 28,304,815 | |||||||
ALTERNATIVE INVESTMENT FUNDS – 46.0% | ||||||||
250 | Arboretum Core Asset Fund LP(4)(5)(6) | 2,429,610 | ||||||
- | Canyon CLO Fund II LP(2)(3)(4)(7) | 8,634,604 | ||||||
- | Canyon CLO Fund III (Cayman) Ltd.(2)(3)(4)(5)(7) | 13,045,661 | ||||||
3,707 | Clarion Lion Industrial Trust(4)(6) | 14,825,667 | ||||||
- | Ovation Alternative Income Fund(4)(6)(7) | 652,525 | ||||||
160 | Preservation REIT 1, Inc.(4)(6)(8) | 6,438,995 | ||||||
TOTAL ALTERNATIVE INVESTMENT FUNDS | ||||||||
(Cost $28,610,249) | 46,027,062 | |||||||
SHORT-TERM INVESTMENTS – 6.7% | ||||||||
MONEY MARKET FUND – 6.7% | ||||||||
6,699,378 | Fidelity Investments Money Market Funds - Government Portfolio, Class I, 5.25%(1)(9) | 6,699,378 | ||||||
TOTAL SHORT-TERM INVESTMENTS | ||||||||
(Cost $6,699,378) | 6,699,378 | |||||||
TOTAL INVESTMENTS – 119.5% | ||||||||
(Cost $115,374,043) | 119,482,248 | |||||||
Liabilities in Excess of Other Assets – (19.5)% | (19,503,431 | ) | ||||||
TOTAL NET ASSETS – 100.0% | $ | 99,978,817 |
Shares/ Contracts/ Principal | Security | Value | ||||||
WRITTEN OPTIONS CONTRACTS – (0.0)% | ||||||||
CALL OPTIONS – (0.0)% | ||||||||
(39 | ) | Marathon Petroleum Corp. Exercise Price: $155, Notional Amount: $(604,500), Expiration Date: 01/19/2024 | $ | (5,889 | ) | |||
(43 | ) | Morgan Stanley Exercise Price: $85, Notional Amount: $(365,500), Expiration Date: 01/19/2024 | (39,130 | ) | ||||
(60 | ) | Newmont Corporation Exercise Price: $40, Notional Amount: $(240,000), Expiration Date: 01/19/2024 | (12,120 | ) | ||||
TOTAL CALL OPTIONS | (57,139 | ) | ||||||
TOTAL WRITTEN OPTIONS CONTRACTS | ||||||||
(Proceeds $(36,594)) | (57,139 | ) | ||||||
EXCHANGE-TRADED FUNDS SOLD SHORT – (1.9)% | ||||||||
(9,900 | ) | Direxion Daily S&P 500 Bull 3X | (1,029,501 | ) | ||||
(1,290 | ) | iShares Transportation Average ETF | (338,535 | ) | ||||
(9,800 | ) | ProShares UltraPro QQQ | (496,860 | ) | ||||
TOTAL EXCHANGE-TRADED FUNDS SOLD SHORT | ||||||||
(Proceeds $(802,222)) | (1,864,896 | ) | ||||||
TOTAL SHORT SECURITIES | ||||||||
(Proceeds $(838,816)) | $ | (1,922,035 | ) |
(1) | All or a portion of this security is segregated as collateral for securities sold short. |
(2) | Non-income producing security. |
(3) | Fair valued using significant unobservable inputs. |
(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 December 31, 2023. |
ETF – Exchange-Traded Fund
LP – Limited Partnership
REIT – Real Estate Investment Trusts
5
Destra Multi-Alternative Fund |
Schedule of Investments (continued) |
As of December 31, 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 December 31, 2023 is as follows:
Security Description | Acquisition Date | Cost | Value | % of Net Assets | ||||||||||
Always AI, Inc., Preferred Stock | 1/5/2021 | $ | 1,999,998 | $ | 3,970,211 | 4.0 | % | |||||||
Always AI, Inc., Convertible Debt | 10/2/2023 | 2,000,000 | 2,000,000 | 1.9 | ||||||||||
Always AI, Inc., Warrants | 10/2/2023 | - | - | - | ||||||||||
Arboretum Core Asset Fund LP | 8/2/2018 | 2,500,000 | 2,429,610 | 2.5 | ||||||||||
Aventine Property Group, Inc. | 1/13/2021 | 5,191,900 | 6,821,100 | 6.8 | ||||||||||
Canyon CLO Fund II LP | 2/25/2019 | 6,132,077 | 8,634,604 | 8.6 | ||||||||||
Canyon CLO Fund III (Cayman) Ltd. | 3/1/2022 | 11,047,773 | 13,045,661 | 13.0 | ||||||||||
Clarion Lion Industrial Trust | 6/29/2015 | 4,957,248 | 14,825,667 | 14.8 | ||||||||||
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 | 475,883 | 0.5 | ||||||||||
GOSITE, Inc., Preferred Stock | 7/31/2020 | 2,099,998 | 4,084,777 | 4.1 | ||||||||||
GOSITE, Inc., Convertible Debt | 11/30/2023 | 56,331 | 56,331 | 0.1 | ||||||||||
Healthcare Trust, Inc. | 3/30/2012 | 5,078,507 | 4,932,148 | 5.0 | ||||||||||
Hospitality Investors Trust, Inc. | 2/17/2015 | 9,236,371 | 241,226 | 0.2 | ||||||||||
Iridia, Inc., Preferred Stock | 2/25/2021 | 750,000 | 1,299,458 | 1.3 | ||||||||||
Iridia, Inc., Convertible Debt | 12/22/2023 | 750,000 | 750,000 | 0.8 | ||||||||||
NorthStar Healthcare Income, Inc. | 3/29/2012 | 6,706,530 | 2,841,133 | 2.8 | ||||||||||
Nurture Life, Inc., Preferred Stock | 8/2/2022 | 3,246,717 | 3,933,553 | 3.9 | ||||||||||
Nurture Life, Inc., Warrants | 12/23/2022 | - | 8,786 | - | ||||||||||
Ovation Alternative Income Fund | 7/25/2014 | 595,986 | 652,525 | 0.7 | ||||||||||
Preservation REIT 1, Inc. | 10/22/2019 | 3,377,166 | 6,438,995 | 6.4 | ||||||||||
Ready Capital Corp., Contingent Value Rights | 7/6/2017 | - | (1) | 257,026 | 0.3 | |||||||||
Treehouse Real Estate Investment Trust, Inc. | 12/31/2018 | 8,792,962 | 5,205,200 | 5.2 | ||||||||||
Total | $ | 78,035,065 | $ | 85,903,895 | 85.90 | % |
(1) | Transferred at no cost as a result of a corporate action. |
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