Destra Flaherty & Crumrine Preferred and Income Fund (DPIAX)
| Fund Assets | 210.06M |
| Expense Ratio | 1.50% |
| Min. Investment | $2,500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.81 |
| Dividend Yield | 4.44% |
| Dividend Growth | 1.40% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 28, 2025 |
| Previous Close | 17.41 |
| YTD Return | 4.71% |
| 1-Year Return | 4.41% |
| 5-Year Return | 16.62% |
| 52-Week Low | 16.29 |
| 52-Week High | 17.41 |
| Beta (5Y) | n/a |
| Holdings | 203 |
| Inception Date | Apr 12, 2011 |
About DPIAX
Destra Flaherty & Crumrine Preferred and Income Fund Class A is an actively managed mutual fund that seeks to deliver total return with a primary focus on generating high current income. The fund invests at least 80% of its net assets in a diversified portfolio of preferred and other income-producing securities, such as traditional preferred stock, trust preferred securities, hybrid securities, convertible securities, and both subordinated and senior debt instruments. While its allocation is primarily U.S.-based, it may invest up to 40% in securities from non-U.S. issuers, enhancing its diversification. The fund tends to concentrate its holdings in companies linked to the financial services sector, reflecting the prevalence of preferred securities within that industry. Managed by Flaherty & Crumrine, a firm with deep expertise in the preferred securities market, the fund emphasizes robust security selection and disciplined risk management. With a consistent monthly income distribution and the potential for yield-driven tax advantages, it plays a key role for investors seeking steady income streams and diversification beyond conventional fixed income or equity portfolios.
Performance
DPIAX had a total return of 4.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.32%.
Top 10 Holdings
20.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Liberty Mutual Group, Inc. - LIBMUT 7.8 03/15/37 | LIBMUT.7.8 03.15.37 144A | 3.80% |
| Banco Santander, S.A. - SANTAN 4 3/4 PERP | SANTAN.V4.75 PERP 0000 | 3.13% |
| Comerica Incorporated - CMA 5 5/8 PERP | CMA.V5.625 PERP | 2.48% |
| Provident Financing Trust I - UNM 7.405 03/15/38 | n/a | 2.28% |
| Athene Holding Ltd. | ATH.PRA | 1.69% |
| Flagstar Financial, Inc. - NYCB 6 3/8 PERP | FLG.V6.375 PERP A. | 1.62% |
| Synovus Financial Corp. - SNV 8.397 PERP | SNV.V8.397 PERP E | 1.55% |
| Delphi Financial Group, Inc. - TOMARI 8.5697 | TOMARI.V0 05.15.37 | 1.52% |
| HSBC Holdings PLC - HSBC 8 PERP | HSBC.V8 PERP | 1.49% |
| BNP Paribas SA - BNP 8 1/2 PERP | BNP.V8.5 PERP 144A | 1.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 28, 2025 | $0.0468 | Aug 29, 2025 |
| Jul 30, 2025 | $0.0659 | Jul 31, 2025 |
| Jun 27, 2025 | $0.1027 | Jun 30, 2025 |
| May 29, 2025 | $0.0383 | May 30, 2025 |
| Apr 29, 2025 | $0.0616 | Apr 30, 2025 |
| Mar 28, 2025 | $0.0841 | Mar 31, 2025 |