Destra Flaherty & Crumrine Preferred and Income Fund (DPICX)
| Fund Assets | 212.38M |
| Expense Ratio | 2.25% |
| Min. Investment | $2,500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.69 |
| Dividend Yield | 4.02% |
| Dividend Growth | 0.58% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 30, 2025 |
| Previous Close | 17.28 |
| YTD Return | 3.24% |
| 1-Year Return | 5.67% |
| 5-Year Return | 11.53% |
| 52-Week Low | 16.38 |
| 52-Week High | 17.29 |
| Beta (5Y) | 0.33 |
| Holdings | 225 |
| Inception Date | Nov 1, 2011 |
About DPICX
Destra Flaherty & Crumrine Preferred and Income Fund Class C is an open-ended mutual fund that primarily targets the U.S. preferred and income-producing securities market. Designed to seek total return with a strong focus on high current income, the fund typically invests at least 80% of its net assets in a curated mix of preferred securities—including traditional and trust preferred shares, hybrid and convertible securities, contingent-capital instruments, as well as subordinated and senior debt. A hallmark of this fund is its active management by Flaherty & Crumrine, one of the longest-standing preferred securities managers in the industry, leveraging proprietary research and extensive experience to identify value opportunities in a nuanced, sometimes inefficient market. The fund's portfolio may also hold up to 15% in common stocks and tends to maintain significant exposure to the financial services sector. Investments span both investment grade and certain below-investment-grade securities, adapting to market conditions while aiming to balance risk and yield. This fund plays a specialized role in providing diversified access to the preferred securities space for income-oriented investors within the broader fixed income and hybrid asset universe.
Performance
DPICX had a total return of 5.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.78%.
Top 10 Holdings
20.08% of assets| Name | Symbol | Weight |
|---|---|---|
| Banco Santander, S.A. - SANTAN 4 3/4 PERP | SANTAN.V4.75 PERP 0000 | 4.08% |
| Liberty Mutual Group, Inc. - LIBMUT 7.8 03/15/37 | n/a | 3.27% |
| Comerica Incorporated - CMA 5 5/8 PERP | n/a | 2.13% |
| Provident Financing Trust I - UNM 7.405 03/15/38 | n/a | 1.94% |
| Flagstar Financial, Inc. - NYCB 6 3/8 PERP | FLG.V6.375 PERP A. | 1.60% |
| KeyCorp - KEY 5 PERP | n/a | 1.49% |
| Athene Holding Ltd. | ATH.PRA | 1.46% |
| Wells Fargo & Co. - WFC 6.85 PERP | WFC.V6.85 PERP | 1.42% |
| Bank of Nova Scotia - BNS 4.9 PERP | BNS.V4.9 PERP | 1.36% |
| Synovus Financial Corp. - SNV 8.397 PERP | SNV.V8.397 PERP E | 1.32% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 30, 2025 | $0.0539 | Jul 31, 2025 |
| Jun 27, 2025 | $0.0926 | Jun 30, 2025 |
| May 29, 2025 | $0.0271 | May 30, 2025 |
| Apr 29, 2025 | $0.0508 | Apr 30, 2025 |
| Mar 28, 2025 | $0.0738 | Mar 31, 2025 |
| Feb 27, 2025 | $0.052 | Feb 28, 2025 |