BlueBay Destra International Event-Driven Credit Fund NPORTP Destra International & Event-Drive Credit Fund (Dec 2020 report)

Destra International & Event-Driven Credit Fund

Schedule of Investments

As of DECEMBER 31, 2020 (unaudited)

Shares or
Principal
Amounts		Description	Value
		BANK LOANS – 2.0%
		JERSEY – 0.4%
	406,304	Alloy Finco, Ltd., 14.000%,
		03/06/2025	$	169,971
	159,963	Alloy Finco, Ltd., 14.000%,
		03/06/2025		65,852
				235,823

		UNITED STATES – 1.6%
	575,758	Crown Finance U.S., Inc., 0.000%
		(1-Month USD Libor + 250 basis points), 02/28/2025⁽¹⁾		393,853
	66,321	Crown Finance U.S., Inc., 0.000%
		(1-Month USD Libor + 700 basis points), 05/23/2024⁽¹⁾		79,420
	109,494	Dealer Tire LLC, 4.397% (1-Month
		USD Libor + 425 basis points), 02/05/2027⁽¹⁾		109,037
	419,562	Zayo Group Holdings, Inc., 3.147%
		(1-Month USD Libor + 300 basis points), 03/09/2027⁽¹⁾		417,951
				1,000,261
		TOTAL BANK LOANS
		(Cost $1,347,015)		1,236,084

		CORPORATE DEBT SECURITIES – 21.9%
		AUSTRIA – 0.8%
	241,000	Eldorado Intl. Finance GmbH,
		8.625%, 06/16/2021⁽²⁾		244,587
	200,000	Erste Group Bank AG, 6.500%⁽³⁾⁽⁴⁾		273,950
				518,537
		CANADA – 0.9%
	526,000	First Quantum Minerals, Ltd.,
		6.875%, 10/15/2027⁽²⁾		571,368

		CAYMAN ISLANDS – 4.3%
	615,532	Global Aircraft Leasing Co., Ltd.,
		6.500%, 09/15/2024⁽²⁾		550,901
	740,000	Momo, Inc., 1.250%, 07/01/2025		613,737
		Tencent Holdings, Ltd.:
	800,000	2.390%, 06/03/2030⁽²⁾		823,048
	400,000	3.240%, 06/03/2050⁽²⁾		414,051
	300,000	3.290%, 06/03/2060⁽²⁾		312,069
				2,713,806
		CHILE – 0.4%
	200,000	VTR Comunicaciones SpA, 5.125%,
		01/15/2028⁽²⁾		213,320

		FRANCE – 1.0%
	200,000	Altice France SA, 7.375%,
		05/01/2026⁽²⁾		210,750
	332,000	Banijay Entertainment SASU,
		3.500%, 03/01/2025⁽²⁾		407,128
				617,878

Shares or
Principal
Amounts		Description	Value
		CORPORATE DEBT SECURITIES (continued)
		LUXEMBOURG – 1.3%
	742,000	Altice France Holding SA, 10.500%,
		05/15/2027⁽²⁾	$	834,286

		MAURITIUS – 1.0%
	600,000	HTA Group, Ltd./Mauritius, 7.000%,
		12/18/2025⁽²⁾		649,140

		MEXICO – 1.1%
	600,000	Banco Mercantil del Norte SA/ Grand Cayman, 8.375%^(2)(3)(4)		717,156

		NETHERLANDS – 3.2%
	1,430,000	Petrobras Global Finance BV,
		6.750%, 06/03/2050		1,778,563
	200,000	VTR Finance, 6.375%,
		07/15/2028⁽²⁾		218,750
				1,997,313
		UNITED KINGDOM – 1.7%
	400,000	Lloyds Banking Group PLC,
		7.500%^{(3) (4)}		461,000
	320,000	Natwest Group PLC, 6.000%⁽³⁾⁽⁴⁾		351,318
	670,000	Petra Diamonds U.S. Treasury PLC,
		7.250%, 05/01/2022⁽²⁾⁽⁵⁾		262,975
				1,075,293
		UNITED STATES – 6.2%
	536,000	Bruin E&P Partners LLC, 8.875%,
		08/01/2023⁽²⁾⁽⁵⁾		2,278
	271,000	Neon Holdings, Inc., 10.125%,
		04/01/2026⁽²⁾		297,423
	450,000	Pioneer Natural Resources Co.,
		0.250%, 05/15/2025⁽²⁾		600,160
	428,000	Radiate Holdco LLC, 6.500%,
		09/15/2028⁽²⁾		451,807
	500,000	RegionalCare Hospital Partners Holdings, Inc., 9.750%,
		12/01/2026⁽²⁾		550,937
	997,000	Resolute Forest Products, Inc.,
		5.875%, 05/15/2023		998,142
	140,000	Talen Energy Supply LLC, 10.500%,
		01/15/2026⁽²⁾		124,884
	446,000	Terrier Media Buyer, Inc., 8.875%,
		12/15/2027⁽²⁾		492,551
	384,000	Voyager Aviation Holdings LLC,
		9.000%, 08/15/2021⁽²⁾		217,920
	146,000	Windstream Escrow LLC, 7.750%,
		08/15/2028⁽²⁾		147,296
				3,883,398
		TOTAL CORPORATE DEBT SECURITIES
		(Cost $13,163,738)		13,791,495

Destra International & Event-Driven Credit Fund

Schedule of Investments (CONTINUED)

As of DECEMBER 31, 2020 (unaudited)

Shares or Principal Amounts	Description	Value
	INTERNATIONAL DEBT SECURITIES–52.3%
	BELGIUM – 1.1%
400,000	Anheuser-Busch InBev SA, 3.700%, 04/02/2040	$	693,934

	BERMUDA – 0.8%
500,000	SFL Corp., Ltd., 5.750%, 10/15/2021		494,950

	BRAZIL – 1.1%
1,020,000	Samarco Mineracao SA, 4.125%, 11/01/2022⁽⁵⁾⁽⁶⁾		726,750

	CAYMAN ISLANDS – 3.0%
4,000,000	China Education Group Holdings, Ltd., 2.000%, 03/28/2024		613,885
10,000,000	China Evergrande Group, 4.250%, 02/14/2023		1,271,618
			1,885,503

	DOMINICAN REPUBLIC – 0.9%
	Dominican Republic International Bond:
235,000	4.875%, 09/23/2032		260,852
280,000	5.875%, 01/30/2060		309,403
			570,255

	FRANCE – 3.8%
	BNP Paribas SA:
200,000	7.000%⁽³⁾⁽⁴⁾		237,163
810,000	6.625%^(2)(3)(4)		886,950
	Electricite de France SA:
200,000	5.375%⁽³⁾⁽⁴⁾		281,410
700,000	5.000%⁽³⁾⁽⁴⁾		986,021
			2,391,544

	GERMANY – 0.5%
350,000	KME SE, 6.750%, 02/01/2023		346,874

	ISRAEL – 0.9%
520,000	Delek & Avner Tamar Bond, Ltd., 5.412%, 12/30/2025⁽²⁾		547,038

	ITALY – 4.7%
	Banca Monte dei Paschi di Siena SpA:
255,000	10.500%, 07/23/2029		387,196
589,000	8.000%, 01/22/2030⁽⁴⁾		712,940
247,000	Intesa Sanpaolo SpA, 7.750%⁽³⁾⁽⁴⁾		363,035
2,303,000	Moby SpA, 7.750%, 02/15/2023⁽⁵⁾		718,543
600,000	UniCredit SpA, 6.625%⁽³⁾⁽⁴⁾		774,042
			2,955,756
	JERSEY – 0.4%
200,000	AA Bond Co., Ltd., 5.500%, 07/31/2043		267,753

Shares or Principal Amounts	Description	Value
	INTERNATIONAL DEBT SECURITIES (continued)
	LEBANON – 0.1%
	Lebanon Government International Bond:
83,000	6.375%, 03/09/2021⁽⁵⁾	$	11,620
195,000	6.150%, 06/19/2021⁽⁵⁾		31,444
			43,064

	LUXEMBOURG – 3.5%
203,000	Altice France Holding SA, 8.000%, 05/15/2027		270,447
200,000	Avation Capital SA, 6.500%, 05/15/2021⁽²⁾		146,725
	Paper Industries Intermediate Financing Sarl:
810,666	6.000% (3-Month EUR Libor + 600 basis points), 03/01/2025⁽¹⁾⁽²⁾		696,798
328,000	6.000% (3-Month EUR Libor + 600 basis points), 03/01/2025⁽¹⁾		281,598
557,384	7.000% (3-Month EUR Libor + 700 basis points), 03/01/2025⁽¹⁾⁽²⁾		624,014
100,000	Telecom Italia Finance SA, 7.750%, 01/24/2033		181,034
			2,200,616

	MALAYSIA – 2.5%
1,000,000	1MDB Energy, Ltd., 5.990%, 05/11/2022		1,052,500
2,000,000	Malaysia Government Bond, 3.885%, 08/15/2029		547,224
			1,599,724

	MEXICO – 1.5%
15,100,000	Mexican Bonos, 8.500%, 05/31/2029		924,468

	NETHERLANDS – 7.3%
800,000	Cooperatieve Rabobank UA, 4.625%⁽³⁾⁽⁴⁾		1,070,598
434,000	EA Partners II BV, 6.750%, 06/01/2021⁽⁵⁾		184,450

511,013	MV24 Capital BV, 6.748%, 06/01/2034		560,969
	Prosus:
300,000	1.539%, 08/03/2028⁽²⁾		379,178
300,000	2.031%, 08/03/2032⁽²⁾		382,794
787,850	Stichting AK Rabobank Certification, 6.500%⁽³⁾		1,280,630
600,000	Yandex, 0.750%, 03/03/2025		774,000
			4,632,619

	PERU – 1.1%
2,100,000	Peruvian Government International Bond, 6.900%, 08/12/2037		717,417

	PORTUGAL – 0.9%
400,000	Caixa Geral de Depositos SA, 10.750%⁽³⁾⁽⁴⁾		540,040

Destra International & Event-Driven Credit Fund

Schedule of Investments (CONTINUED)

As of DECEMBER 31, 2020 (unaudited)

Shares or Principal Amounts	Description	Value
	INTERNATIONAL DEBT SECURITIES (continued)
	SINGAPORE – 1.6%
1,309,913	Mulhacen Pte, Ltd., 6.500%, 08/01/2023	$	989,687

	SOUTH AFRICA – 1.4%
13,500,000	Republic of South Africa Government Bond, 8.000%, 01/31/2030		877,632

	SPAIN – 1.8%
200,000	Autonomous Community of Catalonia, 4.220%, 04/26/2035		330,507
	CaixaBank SA:
400,000	6.750%⁽³⁾⁽⁴⁾		542,395
200,000	5.250%⁽³⁾⁽⁴⁾		251,621
			1,124,523

	SWEDEN – 0.6%
300,000	Fastighets AB Balder, 3.000%, 03/07/2078⁽⁴⁾		376,698

	SWITZERLAND – 1.1%
600,000	Credit Suisse Group AG, 7.250%⁽³⁾⁽⁴⁾		675,557

	UNITED KINGDOM – 9.9%
570,000	Barclays PLC, 8.000%⁽³⁾⁽⁴⁾		635,840
	BP Capital Markets PLC:
750,000	4.375%⁽³⁾⁽⁴⁾		804,412
500,000	4.875%⁽³⁾⁽⁴⁾		559,100
970,000	Gazprom PJSC via Gaz Finance PLC, 4.599%^(2)(3)(4)		1,011,710
3,150,000	House of Fraser Funding PLC, 6.530% (3-Month GBP Libor + 575 basis points), 09/15/2021^(1)(5)(6)		64,584
500,000	Lloyds Banking Group PLC, 4.947%⁽³⁾⁽⁴⁾		659,326
573,000	Matalan Finance PLC, 6.750%, 01/31/2023		607,266
100,000	Miller Homes Group Holdings PLC, 5.500%, 10/15/2024		140,821
420,000	Virgin Media Finance PLC, 3.750%, 07/15/2030⁽²⁾		524,807
906,000	Voyage Care BondCo PLC, 10.000%, 11/01/2023		1,115,906
100,000	William Hill PLC, 4.875%, 09/07/2023		145,811
			6,269,583

	VIETNAM – 0.8%
500,000	No Va Land Investment Group Corp., 5.500%, 04/27/2023		498,755

Shares or Principal Amounts	Description	Value
	INTERNATIONAL DEBT SECURITIES (continued)
	VIRGIN ISLANDS (BRITISH) – 1.0%
660,000	PB Issuer No. 5, Ltd., 3.000%, 12/10/2025	$	635,250

	TOTAL INTERNATIONAL DEBT SECURITIES (Cost $30,552,530)		32,985,990

	INTERNATIONAL EQUITIES – 0.1%
	UNITED KINGDOM – 0.1%
94,740	AA PLC⁽⁶⁾		43,641
83,185	Amigo Holdings PLC⁽²⁾		9,608
			53,249
	TOTAL INTERNATIONAL EQUITIES (Cost $169,205)		53,249

	PRIVATE COMPANIES – 4.2%
	AUSTRALIA – 0.2%
65,000	Quintis Australia Pty, Ltd., Common Shares⁽⁷⁾⁽⁸⁾		46,150
	Quintis Australia Pty, Ltd., Corporate Debt:
7,592	7.500%, 10/01/2026^(2)(7)(8)		7,174
117,000	0.000%, 10/01/2028^(2)(7)(8)		66,807
			120,131

	ITALY – 1.9%
1,100,000	Saxa Gres Spa,7.000%,
	08/04/2026⁽⁷⁾⁽⁸⁾		1,211,306

	LUXEMBOURG – 1.3%
25,947,663	Paper Industries TopCo Ltd., Common Shares		820,157
557,384	Paper Industries TopCo Ltd., Warrants, 06/23/2025⁽⁷⁾⁽⁸⁾		7
			820,164

	UNITED KINGDOM – 0.0%
363,443	Alloy Topco Ltd., Common Shares⁽⁷⁾⁽⁸⁾		50
21,970	Cineworld Group PLC, Warrants, 11/23/2025⁽⁷⁾⁽⁸⁾		—
			50

	UNITED STATES – 0.8%
1,641,791	Vertellus Escrow U.S., Common Shares⁽⁷⁾⁽⁸⁾		377,612
1,641,791	WR Grace Claim, Common Shares⁽⁷⁾⁽⁸⁾		126,418
			504,030

	TOTAL PRIVATE COMPANIES (Cost $1,862,648)		2,655,681

Destra International & Event-Driven Credit Fund

Schedule of Investments (CONTINUED)

As of DECEMBER 31, 2020 (unaudited)

Shares or Principal Amounts	Description	Value
	INTERNATIONAL DEBT SECURITIES (continued)
	SHORT-TERM INVESTMENTS –13.2%
	UNITED STATES – 13.2%
8,339,582	BlackRock Liquidity Funds FedFund Portfolio - Institutional Class, 0.006%⁽⁹⁾	$	8,339,582

	TOTAL SHORT-TERM INVESTMENTS (Cost $8,339,582)		8,339,582

	TOTAL INVESTMENTS – 93.7% (Cost $55,434,718)		59,062,081
	Other Assets in Excess of Liabilities– 6.3%		3,977,308
	TOTAL NET ASSETS – 100.0%	$	63,039,389

Floating rate security. Rate as of December 31, 2020 is disclosed.

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. At December 31, 2020 the total value of these securities is $14,598,388 representing 23.2% of net assets.

Security is perpetual in nature with no stated maturity date.

⁴

Variable rate security. Rate as of December 31, 2020 is disclosed.

⁵

Security is in default.

⁶

Non-income producing security.

⁷

Fair valued using significant unobservable inputs.

⁸

Illiquid and restricted investments as to resale.

⁹

The rate is the annualized seven-day yield as of December 31, 2020.

Destra International & Event-Driven Credit Fund

Schedule of Investments (CONTINUED)

As of DECEMBER 31, 2020 (unaudited)

At December 31, 2020, the Destra International & Event-Driven Credit Fund had outstanding forward foreign exchange contracts as set forth below:

				Contract Amount
Settlement Date	Counterparty	Currency Purchased	Currency Sold	Buy		Sell		Value		Unrealized Appreciation (Depreciation)
February 2, 2021	HSBC Securities	Brazil Real	U.S. Dollar	BRL	1,501,481	$	258,997	$	288,885	$	29,888
February 10, 2021	BNP Paribas Securities Corp.	Russian Ruble	U.S. Dollar	RUB	39,146,765	$	500,000		527,125		27,125
February 10, 2021	Brown Brothers Harriman	Czech Koruna	U.S. Dollar	CZK	11,196,770	$	500,000		521,549		21,549
February 10, 2021	Brown Brothers Harriman	Poland Zloty	U.S. Dollar	PLN	1,898,312	$	500,000		508,670		8,670
February 10, 2021	Citibank, N.A.	Colombian Peso	U.S. Dollar	COP	1,828,500,000	$	500,000		534,675		34,675
February 10, 2021	Citibank, N.A.	Indian Rupee	U.S. Dollar	INR	37,320,000	$	500,000		508,573		8,573
February 10, 2021	Citibank, N.A.	Indonesian Rupiah	U.S. Dollar	IDR	7,160,000,000	$	500,000		507,707		7,707
February 10, 2021	Citibank, N.A.	U.S. Dollar	Peru Nuevo Sol	$	350,000	PEN	1,271,725		351,448		(1,448	)
March 17, 2021	Brown Brothers Harriman	Norwegian Krone	U.S. Dollar	NOK	301,161	$	34,661		35,121		460
March 17, 2021	Brown Brothers Harriman	U.S. Dollar	Euro Currency	$	8,110,792	EUR	6,698,500		8,199,532		(88,740	)
March 17, 2021	Brown Brothers Harriman	U.S. Dollar	Euro Currency	$	10,646,132	EUR	8,793,100		10,763,500		(117,368	)
March 17, 2021	Brown Brothers Harriman	U.S. Dollar	Euro Currency	$	47,862	EUR	39,000		47,739		123
March 17, 2021	Brown Brothers Harriman	U.S. Dollar	Hong Kong Dollar	$	49,152	HKD	381,000		49,150		2
March 17, 2021	Brown Brothers Harriman	U.S. Dollar	Norwegian Krone	$	50,234	NOK	443,701		51,744		(1,510	)
March 17, 2021	Brown Brothers Harriman	U.S. Dollar	Pound Sterling	$	2,317,591	GBP	1,731,000		2,368,097		(50,506	)
March 17, 2021	Brown Brothers Harriman	U.S. Dollar	South African Rand	$	858,144	ZAR	13,005,614		876,461		(18,317	)
March 17, 2021	Citibank, N.A.	Chinese Yuan Renminbi	U.S. Dollar	CNH	4,162,800	$	631,780		633,181		1,401
March 17, 2021	Credit Agricole	U.S. Dollar	Mexican Peso	$	304,707	MXN	6,116,349		304,637		70
March 17, 2021	Morgan Stanley & Co. LLC	Norwegian Krone	U.S. Dollar	NOK	142,540	$	16,123		16,623		500
March 17, 2021	Royal Bank of Scotland	U.S. Dollar	Euro Currency	$	53,961	EUR	44,000		53,860		101
March 17, 2021	Societe Generale	U.S. Dollar	Hong Kong Dollar	$	1,849,644	HKD	14,339,000		1,849,777		(133	)
March 17, 2021	Societe Generale	U.S. Dollar	Pound Sterling	$	522,540	GBP	390,000		533,540		(11,000	)
March 17, 2021	Standard Chartered	Euro Currency	U.S. Dollar	EUR	94,000	$	115,596		115,064		(532	)
March 17, 2021	State Street	U.S. Dollar	Euro Currency	$	127,321	EUR	104,000		127,305		16
										$	(148,694	)

Destra International & Event-Driven Credit Fund

Schedule of Investments (CONTINUED)

As of DECEMBER 31, 2020 (unaudited)

At December 31, 2020, the Destra International & Event-Driven Credit Fund had swap contracts as set forth below:

Interest Rate Swap Contracts:

Counterparty	Payments Made / Frequency	Payments Received / Frequency	Maturity Date	Notional Amount at Value¹			Premium (Paid) Received		Unrealized Gain (Loss)		Value
Goldman Sachs & Co.	BRL-CDI / Once at Maturity	4.078% Fixed / Once at Maturity	1/2/2023		BRL	10,527,521	$	—	$	18,755	$	18,755
Citigroup, Inc.	7-day Reverse Repo / Quarterly	2.650% Fixed / Quarterly	10/27/2025		CNY	9,500,000		—		320		320
									$	19,075	$	19,075

The maximum potential amount the Fund may receive should a credit event take place as defined under the terms of the contract.

At December 31, 2020, the Destra International & Event-Driven Credit Fund had futures contracts as set forth below:

Interest Rate Futures Contracts:

										Unrealized
	Number of			Notional						Appreciation
Expiration Date	Contracts		Description	Amount			Value			(Depreciation)
Short Futures Contracts:
December 2020		5	Ultra Long U.S. Treasury Bond	$	(1,077,753	)	$	(1,067,812	)	$	9,941

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 are 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.

Additional information on each illiquid and restricted investment held by the Fund at December 31, 2020 is as follows:

						Percentage of
Security	Acquisition Date	Cost		Value		Net Assets
Alloy Topco Ltd., Common Shares	3/10/2020	$	—	$	50		0.00	%
Cineworld Group PLC, Warrants	12/4/2020		3		—		0.00
Paper Industries TopCo Ltd., Warrants	7/16/2020		—		7		0.00
Quintis Australia Pty, Ltd., Common Shares	10/30/2019		—		46,150		0.07
Quintis Australia Pty, Ltd., Corporate Debt, 7.500%	9/11/2019		5,791		7,174		0.01
Quintis Australia Pty, Ltd., Corporate Debt, 0.000%	9/11/2019		51,871		66,807		0.11
Saxa Gres SpA	11/27/2018		1,211,067		1,211,306		1.94
Vertellus Escrow U.S., Common Shares	12/22/2020		2		377,612		0.60
WR Grace Claim, Common Shares	12/22/2020		2		126,418		0.20

BlueBay Destra International Event-Driven Credit Fund (CEDAX) NPORT-PDestra International & Event-Drive Credit Fund (Dec 2020 report)