<SEC-DOCUMENT>0001145549-22-072136.txt : 20221128
<SEC-HEADER>0001145549-22-072136.hdr.sgml : 20221128
<ACCEPTANCE-DATETIME>20221128170846
ACCESSION NUMBER:		0001145549-22-072136
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220930
FILED AS OF DATE:		20221128
DATE AS OF CHANGE:		20221128
PERIOD START:           	20230331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Destra Multi-Alternative Fund
		CENTRAL INDEX KEY:			0001523289
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22572
		FILM NUMBER:		221426554

	BUSINESS ADDRESS:	
		STREET 1:		443 N. WILLSON AVE.
		CITY:			BOZEMAN
		STATE:			MT
		ZIP:			59715
		BUSINESS PHONE:		877-855-3434

	MAIL ADDRESS:	
		STREET 1:		443 N. WILLSON AVE.
		CITY:			BOZEMAN
		STATE:			MT
		ZIP:			59715

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Multi-Strategy Growth & Income Fund
		DATE OF NAME CHANGE:	20110614
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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        <name>AbbVie Inc</name>
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        <name>CION Investment Corp</name>
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        <name>CLARION LION INDUSTRIAL TRUST   /</name>
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        <name>CLEAR STREET GROUP SERIES B PREFERRED   /</name>
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          <ticker value="CLEARSTB"/>
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        <name>Comcast Corp</name>
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        <name>Cummins Inc</name>
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        <name>Corteva Inc</name>
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        <name>EAT JUST, INC.    /</name>
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        <name>EOG Resources Inc</name>
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        <name>Fidelity Government Portfolio</name>
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        <name>Corning Inc</name>
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        <name>GOSITE,, Inc.    /</name>
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        <name>Huntington Bancshares Inc/OH</name>
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        <name>HOSPITALITY INVESTOR CVR   /</name>
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        <name>IFF</name>
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        <title>International Flavors &amp; Fragrances, Inc.</title>
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        <name>IRIDIA,, Inc.    /</name>
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        <name>Illinois Tool Works Inc</name>
        <lei>76NA4I14SZCFAYMNSV04</lei>
        <title>Illinois Tool Works, Inc.</title>
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        <name>iShares US Transportation ETF</name>
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        <title>iShares U.S. Transportation ETF</title>
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        <name>L3Harris Technologies Inc</name>
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        <name>McDonald's Corp</name>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>Microsoft Corp</name>
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        <title>Microsoft Corp.</title>
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        <name>NextEra Energy Inc</name>
        <lei>N/A</lei>
        <title>NextEra Energy, Inc.</title>
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        <name>Newmont Corp</name>
        <lei>549300VSP3RIX7FGDZ51</lei>
        <title>Newmont Corp.</title>
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          <ticker value="NEM"/>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NorthStar Healthcare Income In</name>
        <lei>N/A</lei>
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        <name>Newlake Capital Partners Inc/M</name>
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        <name>Northrop Grumman Corp</name>
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        <name>Nurture Life, Inc. Conv 6.0% 12/31/23   /</name>
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        <name>Owl Rock Capital Corp</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>Owl Rock Capital Corp.</title>
        <cusip>69121K104</cusip>
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        <name>OVATION ALTERNATIVE INCOME FUND, LP   /</name>
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        <title>OVATION ALTERNATIVE INCOME FUND, LP   /</title>
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        <name>Principal Financial Group Inc</name>
        <lei>CUMYEZJOAF02RYZ1JJ85</lei>
        <title>Principal Financial Group, Inc.</title>
        <cusip>74251V102</cusip>
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          <isin value="US74251V1026"/>
          <ticker value="PFG"/>
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        <balance>7550</balance>
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        <curCd>USD</curCd>
        <valUSD>544732.50</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Parker-Hannifin Corp</name>
        <lei>5493002CONDB4N2HKI23</lei>
        <title>Parker-Hannifin Corp.</title>
        <cusip>701094104</cusip>
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          <isin value="US7010941042"/>
          <ticker value="PH"/>
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        <balance>1839</balance>
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        <curCd>USD</curCd>
        <valUSD>445608.09</valUSD>
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        <name>Prologis Inc</name>
        <lei>529900DFH19P073LZ636</lei>
        <title>Prologis, Inc., REIT</title>
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          <isin value="US74340W1036"/>
          <ticker value="PLD"/>
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        <balance>4175</balance>
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        <name>PRESERVATION REIT 1, Inc.   /</name>
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        <title>PRESERVATION REIT 1, Inc.   /</title>
        <cusip>999999999</cusip>
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          <ticker value="PRESREIT"/>
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        <descOthUnits>Other Units</descOthUnits>
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        <valUSD>7285629.01</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
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      <invstOrSec>
        <name>Pioneer Natural Resources Co</name>
        <lei>FY8JBF7CCL2VE4F1B628</lei>
        <title>Pioneer Natural Resources Co.</title>
        <cusip>723787107</cusip>
        <identifiers>
          <isin value="US7237871071"/>
          <ticker value="PXD"/>
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        <balance>3469</balance>
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        <curCd>USD</curCd>
        <valUSD>751142.57</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Global X Nasdaq 100 Covered Ca</name>
        <lei>54930002VYV0ZD18OT06</lei>
        <title>Global X Nasdaq 100 Covered Call ETF</title>
        <cusip>37954Y483</cusip>
        <identifiers>
          <isin value="US37954Y4834"/>
          <ticker value="QYLD"/>
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        <balance>138000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2161080</valUSD>
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        <invCountry>US</invCountry>
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        <name>Ready Capital Corp</name>
        <lei>549300MYWGZUG7ZUYO87</lei>
        <title>Ready Capital Corp., REIT</title>
        <cusip>75574U101</cusip>
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          <ticker value="RC"/>
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        <balance>375947</balance>
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        <curCd>USD</curCd>
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        <pctVal>3.9620090663</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <name>READY CAPITAL Corp. CONT EQUITY RIGHTS   /</name>
        <lei>N/A</lei>
        <title>READY CAPITAL Corp. CONT EQUITY RIGHTS   /</title>
        <cusip>999999999</cusip>
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          <ticker value="RC CER"/>
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        <balance>579536</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1616905.44</valUSD>
        <pctVal>1.6804883599</pctVal>
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        <invCountry>US</invCountry>
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            <writtenOrPur>Purchased</writtenOrPur>
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      <invstOrSec>
        <name>Rockwell Automation Inc</name>
        <lei>VH3R4HHBHH12O0EXZJ88</lei>
        <title>Rockwell Automation, Inc.</title>
        <cusip>773903109</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SGOF LIQUIDATING MASTER, Ltd.   /</name>
        <lei>N/A</lei>
        <title>SGOF LIQUIDATING MASTER, Ltd.   /</title>
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        <balance>57.1530</balance>
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        <descOthUnits>Other Units</descOthUnits>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Direxion Daily S&amp;P 500 Bull 3X</name>
        <lei>WJRYIWB43R3GOXOHLG28</lei>
        <title>Direxion Daily S&amp;P 500 Bull 3X</title>
        <cusip>25459W862</cusip>
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          <isin value="US25459W8626"/>
          <ticker value="SPXL"/>
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        <balance>-9900</balance>
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        <curCd>USD</curCd>
        <valUSD>-530442</valUSD>
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      <invstOrSec>
        <name>Target Corp</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>Target Corp.</title>
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          <ticker value="TGT"/>
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        <invCountry>US</invCountry>
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        <name>TJX Cos Inc/The</name>
        <lei>V167QI9I69W364E2DY52</lei>
        <title>TJX Cos., Inc.</title>
        <cusip>872540109</cusip>
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          <ticker value="TJX"/>
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        <curCd>USD</curCd>
        <valUSD>564795.04</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>ProShares UltraPro QQQ</name>
        <lei>03026FQTQRJ0JSTBI779</lei>
        <title>ProShares UltraPro QQQ</title>
        <cusip>74347X831</cusip>
        <identifiers>
          <isin value="US74347X8314"/>
          <ticker value="TQQQ"/>
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        <balance>-9800</balance>
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        <curCd>USD</curCd>
        <valUSD>-189336</valUSD>
        <pctVal>-0.1967814173</pctVal>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TREEHOUSE REIT, INC.    /</name>
        <lei>N/A</lei>
        <title>TREEHOUSE REIT, INC.    /</title>
        <cusip>999999999</cusip>
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          <ticker value="TREEHOUS"/>
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        <balance>715000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
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        <valUSD>6964100</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>UnitedHealth Group Inc</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group, Inc.</title>
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          <isin value="US91324P1021"/>
          <ticker value="UNH"/>
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        <balance>1630</balance>
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        <curCd>USD</curCd>
        <valUSD>823215.20</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Union Pacific Corp</name>
        <lei>549300LMMRSZZCZ8CL11</lei>
        <title>Union Pacific Corp.</title>
        <cusip>907818108</cusip>
        <identifiers>
          <isin value="US9078181081"/>
          <ticker value="UNP"/>
        </identifiers>
        <balance>2193</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>427240.26</valUSD>
        <pctVal>0.4440409848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Parcel Service Inc</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>United Parcel Service, Inc., Class B</title>
        <cusip>911312106</cusip>
        <identifiers>
          <isin value="US9113121068"/>
          <ticker value="UPS"/>
        </identifiers>
        <balance>3067</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>495443.18</valUSD>
        <pctVal>0.5149259050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The fund is reporting returns without deducting sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-10-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Destra Multi-Alternative Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/ Derek Mullins</ncom:signature>
      <ncom:signerName>Derek Mullins</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
