Destra Flaherty & Crumrine Preferred and Income Fund (DPICX)
| Fund Assets | 210.06M |
| Expense Ratio | 2.25% |
| Min. Investment | $2,500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.68 |
| Dividend Yield | 3.88% |
| Dividend Growth | 0.13% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 28, 2025 |
| Previous Close | 17.51 |
| YTD Return | 4.55% |
| 1-Year Return | 4.61% |
| 5-Year Return | 12.57% |
| 52-Week Low | 16.38 |
| 52-Week High | 17.51 |
| Beta (5Y) | 0.33 |
| Holdings | 203 |
| 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 4.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.85%.
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 | $0.0365 | Aug 29, 2025 |
| 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 |