Destra Flaherty & Crumrine Preferred and Income Fund Class I (DPIIX)
| Fund Assets | 203.07M |
| Expense Ratio | 1.20% |
| Min. Investment | $100,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.97 |
| Dividend Yield | 5.69% |
| Dividend Growth | 13.60% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 29, 2026 |
| Previous Close | 17.00 |
| YTD Return | 1.67% |
| 1-Year Return | 6.07% |
| 5-Year Return | 12.43% |
| 52-Week Low | 16.75 |
| 52-Week High | 17.33 |
| Beta (5Y) | 0.50 |
| Holdings | 219 |
| Inception Date | Apr 12, 2011 |
About DPIIX
Destra Flaherty & Crumrine Preferred and Income Fund Class I is an open-end mutual fund designed to provide investors with total return, placing particular emphasis on delivering high current income. The fund primarily invests at least 80% of its net assets in a diversified portfolio of preferred and income-producing securities, which may include traditional preferred stock, trust preferred securities, hybrid and convertible securities, as well as subordinated and senior debt. The portfolio, managed by Flaherty & Crumrine—one of the most experienced teams in preferred securities management—employs a proprietary research approach to identify value and manage risk within the preferred securities market, which is seen as relatively inefficient. The fund predominantly allocates capital to issuers active in the financial services sector and may also invest in below investment grade (high yield) securities, providing exposure to both investment grade and speculative credits. As an institutional share class, it is tailored for investors seeking yield and diversification through a specialized, actively-managed strategy within the fixed income universe.
Performance
DPIIX had a total return of 6.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.58%.
Top 10 Holdings
19.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Liberty Mutual Group, Inc. - LIBMUT 7.8 03/15/37 | LIBMUT.7.8 03.15.37 144A | 3.48% |
| Banco Santander SA - SANTAN 4 3/4 PERP | n/a | 2.50% |
| Provident Financing Trust I - UNM 7.405 03/15/38 | UNM.7.405 03.15.38 | 2.17% |
| M&T Bank Corporation - MTB 5 5/8 PERP | MTB.V5.625 PERP H | 1.73% |
| Fidelity Colchester Street Trust - Treasury Portfolio | FCSXX | 1.68% |
| Flagstar Bank National Association - NYCB 6 3/8 PERP | FLG.V6.375 PERP A. | 1.57% |
| Athene Holding Ltd. | ATH.PRA | 1.57% |
| Pinnacle Financial Partners Inc. - PNFP 8.397 PERP | PNFP.V8.397 PERP B | 1.47% |
| Delphi Financial Group, Inc. - TOMARI 8.5697 | TOMARI.V0 05.15.37 | 1.44% |
| HSBC Holdings PLC - HSBC 8 PERP | HSBC.V8 PERP | 1.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 29, 2026 | $0.1236 | Jun 30, 2026 |
| May 28, 2026 | $0.0331 | May 29, 2026 |
| Apr 29, 2026 | $0.0937 | Apr 30, 2026 |
| Mar 30, 2026 | $0.1236 | Mar 31, 2026 |
| Feb 26, 2026 | $0.0271 | Feb 27, 2026 |
| Jan 29, 2026 | $0.0703 | Jan 30, 2026 |