NPORT-EX 2 dmaf_nport-ex.htm DMAFNPORTEX63024

 

Destra Multi-Alternative Fund
Schedule of Investments
As of June 30, 2024 (unaudited)

 

Shares/
Contracts/
Principal		     Security   Value  
        COMMON STOCKS – 17.1%        
        ADVERTISING – 0.2%        
  2,077     Trade Desk, Inc., Class A(1)   $ 202,861  
                 
        AEROSPACE/DEFENSE – 0.4%        
  1,000     Northrop Grumman Corp.      435,950  
                 
        AGRICULTURE – 0.5%        
  7,774     Archer-Daniels-Midland Co.      469,938  
                 
        APPAREL – 0.3%        
  4,700     NIKE, Inc., Class B     354,239  
                 
        AUTO MANUFACTURERS – 0.5%        
  2,000     Cummins, Inc.      553,860  
                 
        BANKS – 0.9%        
  997     Goldman Sachs Group, Inc.      450,963  
  2,700     PNC Financial Services Group, Inc.      419,796  
              870,759  
        BIOTECHNOLOGY – 0.4%        
  8,334     Corteva, Inc.      449,536  
                 
        CHEMICALS – 0.5%        
  2,068     Ecolab, Inc.      492,184  
                 
        COMPUTERS – 0.6%        
  6,800     Cognizant Technology Solutions Corp., Class A     462,400  
  6,253     Rubrik, Inc., Class A(1)     191,717  
              654,117  
        ELECTRIC – 0.5%        
  7,227     NextEra Energy, Inc.      511,744  
                 
        ENTERTAINMENT – 0.2%        
  5,319     DraftKings, Inc. - Class A(1)     203,026  
                 
        FOOD SERVICE – 0.4%        
  1,600     McDonald’s Corp.      407,744  
                 
        HEALTHCARE-PRODUCTS – 0.2%        
  1,826     Natera, Inc.(1)     197,737  
                 
        HEALTHCARE-SERVICES – 0.5%        
  900     Elevance Health, Inc.      487,674  
                 
        INSURANCE – 0.4%        
  6,022     MetLife, Inc.      422,684  
                 
        INTERNET – 4.5%        
  10,814     Amazon.com, Inc.(1)(2)*     2,089,805  
  4,100     Meta Platforms, Inc. - Class A(2)*     2,067,302  
  1,449     Pinduoduo, Inc. - ADR(1)     192,645  
  3,128     Shopify, Inc.(1)     206,604  
              4,556,356  
Shares/
Contracts/
Principal		     Security   Value  
        COMMON STOCKS (continued)        
        MACHINERY-DIVERSIFIED – 0.3%        
  900     Deere & Co.    $ 336,267  
                 
        MEDIA – 0.5%        
  12,254     Comcast Corp., Class A     479,867  
                 
        MINING – 0.5%        
  12,163     Newmont Mining Corp.      509,265  
                 
        OIL & GAS – 0.8%        
  2,200     Diamondback Energy, Inc.      440,418  
  3,200     EOG Resources, Inc.      402,784  
              843,202  
        PHARMACEUTICALS – 1.1%        
  3,675     AbbVie, Inc.      630,336  
  5,200     Cardinal Health, Inc.      511,264  
              1,141,600  
        SOFTWARE – 0.8%        
  1,002     Duolingo, Inc.(1)     209,088  
  338     HubSpot, Inc.(1)     199,349  
  8,240     Palantir Technologies, Inc. - Class A(1)     208,719  
  1,502     Snowflake, Inc. - Class A(1)     202,905  
              820,061  
        TELECOMMUNICATIONS – 1.2%        
  9,006     Cisco Systems, Inc.     427,875  
  20,034     Corning, Inc.      778,321  
              1,206,196  
        TRANSPORTATION – 0.9%        
  2,193     Union Pacific Corp.      496,188  
  3,067     United Parcel Service, Inc., Class B     419,719  
              915,907  
        TOTAL COMMON STOCKS
(Cost $18,126,087)		     17,522,774  
                 
        EXCHANGE-TRADED FUNDS – 4.0%        
  60,000     Janus Henderson AAA CLO ETF     3,052,800  
  20,500     Janus Henderson B-BBB CLO ETF     1,008,190  
        TOTAL EXCHANGE-TRADED FUNDS
(Cost $4,061,847)		     4,060,990  
                 
        MEDIUM TERM NOTES – 3.9%        
        DIVERSIFIED FINANCIAL SERVICES – 3.9%        
  2,000,000     Citigroup Global Markets Holdings, Inc., 0.0%, 06/24/27(1)(3)(4)     2,000,000  
  2,000,000     Goldman Sachs Finance Corp., 0.0%, 06/24/27(1)(3)(4)     2,000,000  
              4,000,000  
        TOTAL MEDIUM TERM NOTES
(Cost $4,000,000)		     4,000,000  

 

1

 

 

Destra Multi-Alternative Fund
Schedule of Investments (continued)
As of June 30, 2024 (unaudited)

 

Shares/
Contracts/
Principal		     Security   Value  
        PRIVATE COMPANIES – 20.5%        
  744,880     Always AI, Inc., (254,113 Series A-1, 490,767 Series B) Preferred Stock(1)(3)(4)   $ 3,979,042  
  2,000,000     Always AI, Inc., Convertible Debt, 8.0%, 09/29/25(3)(4)     2,000,000  
  250,000     Always AI, Inc., Convertible Debt, 8.0%, 05/31/26(3)(4)     250,000  
  179,641     Clear Street Group, Inc., Series B-1 Preferred Stock(1)(3)(4)     1,500,002  
  332,938     Copia Wealth Studios – Common Shares(1)(3)(4)     938,386  
  1,064,396     Copia Wealth Studios – Preferred Shares(1)(3)(4)     3,000,000  
  23,723     Eat Just, Inc., Series F Common Stock(1)(3)(4)     472,562  
  56,331     GOSITE, Inc., Convertible Debt, 10.0%, 04/19/25(3)(4)     56,331  
  542,467     GOSITE, Inc., Series A-1 Preferred Stock(1)(3)(4)     2,738,373  
  750,000     Iridia, Inc., Convertible Debt, 8.0%, 06/20/25(3)(4)     750,000  
  497,216     Iridia, Inc., Series A-3 Preferred Stock(1)(3)(4)     1,299,458  
  2,387,937     Nurture Life, Inc., Series B Preferred Stock(1)(3)(4)     3,946,543  
        TOTAL PRIVATE COMPANIES
(Cost $16,179,514)		     20,930,697  
                 
        PURCHASED OPTIONS CONTRACTS* – 1.2%        
        CALL OPTIONS – 1.2%        
  7     Adobe, Inc.
Exercise Price: $630, Notional Amount: $441,000, Expiration Date: 09/20/2024(1)		     6,895  
  6     Adobe, Inc.
Exercise Price: $580, Notional Amount: $348,000, Expiration Date: 03/21/2025(1)		     35,232  
  22     Advanced Micro Devices, Inc.
Exercise Price: $185, Notional Amount: $407,000, Expiration Date: 12/20/2024(1)		     30,580  
  21     AeroVironment, Inc.
Exercise Price: $210, Notional Amount: $441,000, Expiration Date: 12/20/2024(1)		     30,198  
  30     AeroVironment, Inc.
Exercise Price: $220, Notional Amount: $660,000, Expiration Date: 12/20/2024(1)		     31,500  
  35     Alibaba Group Holding, Ltd.
Exercise Price: $85, Notional Amount: $297,500, Expiration Date: 12/20/2024(1)		     13,650  
  56     Alibaba Group Holding, Ltd.
Exercise Price: $100, Notional Amount: $560,000, Expiration Date: 12/20/2024(1)		     6,720  
                 
Shares/
Contracts/
Principal		     Security   Value  
        PURCHASED OPTIONS CONTRACTS* (continued)        
        CALL OPTIONS (continued)        
  21     American Express Company
Exercise Price: $250, Notional Amount: $525,000, Expiration Date: 08/16/2024(1)		   $ 5,187  
  21     Analog Devices, Inc.
Exercise Price: $250, Notional Amount: $525,000, Expiration Date: 08/16/2024(1)		     3,906  
  5     Broadcom, Inc.
Exercise Price: $1,740, Notional Amount: $870,000, Expiration Date: 08/16/2024(1)		     23,850  
  8     Crowdstrike Holdings, Inc.
Exercise Price: $390, Notional Amount: $312,000, Expiration Date: 12/20/2024(1)		     40,400  
  25     DoorDash, Inc.
Exercise Price: $135, Notional Amount: $337,500, Expiration Date: 11/15/2024(1)		     10,688  
  27     DoorDash, Inc.
Exercise Price: $135, Notional Amount: $364,500, Expiration Date: 01/17/2025(1)		     15,660  
  65     DraftKings, Inc.
Exercise Price: $50, Notional Amount: $325,000, Expiration Date: 01/17/2025(1)		     13,715  
  100     DraftKings, Inc.
Exercise Price: $60, Notional Amount: $600,000, Expiration Date: 03/21/2025(1)		     15,000  
  4     Eli Lilly And Co.
Exercise Price: $820, Notional Amount: $328,000, Expiration Date: 01/17/2025(1)		     58,372  
  36     Guidewire Software, Inc.
Exercise Price: $130, Notional Amount: $468,000, Expiration Date: 12/20/2024(1)		     66,960  
  20     Guidewire Software, Inc.
Exercise Price: $155, Notional Amount: $310,000, Expiration Date: 01/17/2025(1)		     16,000  
  13     HubSpot, Inc.
Exercise Price: $680, Notional Amount: $884,000, Expiration Date: 01/17/2025(1)		     45,370  
  39     Marathon Petroleum Corp.
Exercise Price: $185, Notional Amount: $721,500, Expiration Date: 08/16/2024(1)		     15,171  
  20     Meta Platforms, Inc.
Exercise Price: $600, Notional Amount: $1,200,000, Expiration Date: 01/17/2025(1)		     51,460  

 

2

 

 

Destra Multi-Alternative Fund
Schedule of Investments (continued)
As of June 30, 2024 (unaudited)

 

Shares/
Contracts/
Principal		     Security   Value  
        PURCHASED OPTIONS CONTRACTS* (continued)        
        CALL OPTIONS (continued)        
  10     Meta Platforms, Inc.
Exercise Price: $620, Notional Amount: $620,000, Expiration Date: 03/21/2025(1)		   $ 30,025  
  20     Microsoft Corp.
Exercise Price: $480, Notional Amount: $960,000, Expiration Date: 08/16/2024(1)		     9,600  
  10     Mp Materials Corp.
Exercise Price: $45, Notional Amount: $45,000, Expiration Date: 01/17/2025(1)		     -  
  30     Mp Materials Corp.
Exercise Price: $50, Notional Amount: $150,000, Expiration Date: 01/17/2025(1)		     -  
  4     Netflix, Inc.
Exercise Price: $660, Notional Amount: $264,000, Expiration Date: 12/20/2024(1)		     32,390  
  5     Netflix, Inc.
Exercise Price: $740, Notional Amount: $370,000, Expiration Date: 12/20/2024(1)		     22,675  
  16     NVIDIA Corp.
Exercise Price: $105, Notional Amount: $168,000, Expiration Date: 11/15/2024(1)		     43,520  
  18     NVIDIA Corp.
Exercise Price: $146, Notional Amount: $262,800, Expiration Date: 01/17/2025(1)		     22,680  
  16     NVIDIA Corp.
Exercise Price: $158, Notional Amount: $252,800, Expiration Date: 01/17/2025(1)		     15,248  
  150     Palantir Technologies, Inc.
Exercise Price: $30, Notional Amount: $450,000, Expiration Date: 10/18/2024(1)		     21,000  
  100     Palantir Technologies, Inc.
Exercise Price: $27, Notional Amount: $270,000, Expiration Date: 01/17/2025(1)		     36,500  
  12     Palo Alto Networks, Inc.
Exercise Price: $330, Notional Amount: $396,000, Expiration Date: 09/20/2024(1)		     36,420  
  10     Palo Alto Networks, Inc.
Exercise Price: $380, Notional Amount: $380,000, Expiration Date: 03/21/2025(1)		     31,050  
  7     Parker-Hannifin Corp.
Exercise Price: $550, Notional Amount: $385,000, Expiration Date: 08/16/2024(1)		     3,990  
Shares/
Contracts/
Principal		     Security   Value  
        PURCHASED OPTIONS CONTRACTS* (continued)        
        CALL OPTIONS (continued)        
  42     PDD Holdings, Inc.
Exercise Price: $180, Notional Amount: $756,000, Expiration Date: 01/17/2025(1)		   $ 17,640  
  95     Pinterest, Inc.
Exercise Price: $45, Notional Amount: $427,500, Expiration Date: 10/18/2024(1)		     34,675  
  21     Pinterest, Inc.
Exercise Price: $41, Notional Amount: $86,100, Expiration Date: 11/15/2024(1)		     14,122  
  64     Pinterest, Inc.
Exercise Price: $55, Notional Amount: $352,000, Expiration Date: 01/17/2025(1)		     13,312  
  60     Pinterest, Inc.
Exercise Price: $55, Notional Amount: $330,000, Expiration Date: 03/21/2025(1)		     18,180  
  110     Rubrik, Inc.
Exercise Price: $45, Notional Amount: $495,000, Expiration Date: 01/17/2025(1)		     17,875  
  20     Shopify, Inc.
Exercise Price: $70, Notional Amount: $140,000, Expiration Date: 12/20/2024(1)		     14,600  
  51     Shopify, Inc.
Exercise Price: $80, Notional Amount: $408,000, Expiration Date: 01/17/2025(1)		     24,480  
  10     Snowflake, Inc.
Exercise Price: $230, Notional Amount: $230,000, Expiration Date: 01/17/2025(1)		     2,640  
  34     Snowflake, Inc.
Exercise Price: $160, Notional Amount: $544,000, Expiration Date: 03/21/2025(1)		     51,510  
  8     Tesla, Inc.
Exercise Price: $350, Notional Amount: $280,000, Expiration Date: 09/20/2024(1)		     632  
  18     Tesla, Inc.
Exercise Price: $450, Notional Amount: $810,000, Expiration Date: 09/20/2024(1)		     486  
  11     Tesla, Inc.
Exercise Price: $260, Notional Amount: $286,000, Expiration Date: 01/17/2025(1)		     14,245  
  45     TJX Companies, Inc.
Exercise Price: $120, Notional Amount: $540,000, Expiration Date: 08/16/2024(1)		     990  

 

3

 

 

Destra Multi-Alternative Fund
Schedule of Investments (continued)
As of June 30, 2024 (unaudited)

 

Shares/
Contracts/
Principal		     Security   Value  
        PURCHASED OPTIONS CONTRACTS* (continued)        
        CALL OPTIONS (continued)        
  16     Trade Desk, Inc.
Exercise Price: $100, Notional Amount: $160,000, Expiration Date: 09/20/2024(1)		   $ 10,880  
  16     Trade Desk, Inc.
Exercise Price: $105, Notional Amount: $168,000, Expiration Date: 10/18/2024(1)		     9,680  
  25     Trade Desk, Inc.
Exercise Price: $100, Notional Amount: $250,000, Expiration Date: 10/18/2024(1)		     20,875  
  28     Trade Desk, Inc.
Exercise Price: $120, Notional Amount: $336,000, Expiration Date: 01/17/2025(1)		     17,640  
  40     Uber Technologies, Inc.
Exercise Price: $95, Notional Amount: $380,000, Expiration Date: 12/20/2024(1)		     7,440  
  40     Uber Technologies, Inc.
Exercise Price: $78, Notional Amount: $310,000, Expiration Date: 01/17/2025(1)		     27,000  
  50     Uber Technologies, Inc.
Exercise Price: $83, Notional Amount: $412,500, Expiration Date: 01/17/2025(1)		     25,150  
  100     UiPath, Inc.
Exercise Price: $27, Notional Amount: $270,000, Expiration Date: 11/15/2024(1)		     1,700  
  100     UiPath, Inc.
Exercise Price: $25, Notional Amount: $250,000, Expiration Date: 01/17/2025(1)		     2,200  
  13     Veeva Systems, Inc.
Exercise Price: $250, Notional Amount: $325,000, Expiration Date: 01/17/2025(1)		     2,990  
  9     Veeva Systems, Inc.
Exercise Price: $240, Notional Amount: $216,000, Expiration Date: 01/17/2025(1)		     3,060  
  8     Vertex Pharmaceuticals, Inc.
Exercise Price: $450, Notional Amount: $360,000, Expiration Date: 01/17/2025(1)		     41,720  
  10     Vertex Pharmaceuticals, Inc.
Exercise Price: $580, Notional Amount: $580,000, Expiration Date: 06/20/2025(1)		     18,000  
  18     Zscaler, Inc.
Exercise Price: $290, Notional Amount: $522,000, Expiration Date: 09/20/2024(1)		     1,296  
Shares/
Contracts/
Principal		     Security   Value  
        PURCHASED OPTIONS CONTRACTS* (continued)        
        CALL OPTIONS (continued)        
  35     Zscaler, Inc.
Exercise Price: $220, Notional Amount: $770,000, Expiration Date: 11/15/2024(1)		   $ 36,225  
        TOTAL CALL OPTIONS     1,292,855  
        TOTAL PURCHASED OPTIONS CONTRACTS*
(Cost $1,294,782)		     1,292,855  
                 
        CONTINGENT VALUE RIGHTS – 0.2%        
        PHARMACEUTICALS – 0.0%        
  142,000     Bristol-Myers Squibb Co., 03/31/21(1)(3)     -  
                 
        REAL ESTATE – 0.2%        
  456,540     Hospitality Investors Trust, Inc., 06/29/26(1)(3)(4)*     241,226  
  579,536     Ready Capital Corp., 03/16/25(1)(3)(4)     -  
              241,226  
        TOTAL CONTINGENT VALUE RIGHTS
(Cost $9,395,584)		     241,226  
                 
        WARRANTS – 1.0%        
        FOOD – 1.0%        
  878,570     Nurture Life, Inc., 12/23/32(1)(3)(4)     992,784  
                 
        SOFTWARE – 0.0%        
  1     Always AI, Inc., 09/28/33(1)(3)(4)     -  
                 
        TOTAL WARRANTS
(Cost $—)		     992,784  
                 
        REAL ESTATE INVESTMENT TRUSTS – 22.0%        
        LISTED REAL ESTATE INVESTMENT TRUSTS – 2.8%        
  500     Newlake Capital Partners, Inc.      10,000  
  4,175     Prologis, Inc.      468,894  
  293,447     Ready Capital Corp.      2,400,397  
        TOTAL LISTED REAL ESTATE INVESTMENT TRUSTS     2,879,291  
                 
        NON-LISTED REAL ESTATE INVESTMENT TRUSTS – 7.4%        
  344,812     Healthcare Trust, Inc., Common Stock(3)(4)*     4,611,055  
  1,061,081     NorthStar Healthcare Income, Inc., Common Stock(1)(3)(4)*     2,922,582  
        TOTAL NON-LISTED REAL ESTATE INVESTMENT TRUSTS     7,533,637  

 

4

 

 

Destra Multi-Alternative Fund
Schedule of Investments (continued)
As of June 30, 2024 (unaudited)

 

Shares/
Contracts/
Principal		     Security   Value  
        PRIVATE REAL ESTATE INVESTMENT TRUSTS – 11.8%        
  715,000     Aventine Property Group, Inc., Common Stock(3)(4)   $ 6,727,006  
  715,000     Treehouse Real Estate Investment Trust, Inc., Common Stock(1)(3)(4)     5,307,016  
        TOTAL PRIVATE REAL ESTATE INVESTMENT TRUSTS     12,034,022  
        TOTAL REAL ESTATE INVESTMENT TRUSTS
(Cost $31,054,559)		     22,446,950  
                 
        ALTERNATIVE INVESTMENT FUNDS – 43.6%        
  250     Arboretum Core Asset Fund LP(4)(5)     2,453,722  
  -     Canyon CLO Fund II LP(3)(4)(6)     8,213,988  
  -     Canyon CLO Fund III (Cayman) Ltd.(3)(4)(6)     14,732,135  
  3,220     Clarion Lion Industrial Trust(4)(5)     12,249,743  
  -     Ovation Alternative Income Fund(4)(5)(6)     485,593  
  160     Preservation REIT 1, Inc.(1)(4)(5)     6,382,227  
        TOTAL ALTERNATIVE INVESTMENT FUNDS
(Cost $29,410,881)		     44,517,408  
                 
        SHORT-TERM INVESTMENTS – 11.5%        
        MONEY MARKET FUND – 11.5%        
  11,713,957     Fidelity Investments Money Market Funds – Government Portfolio, Class I, 5.13%(2)(7)     11,713,957  
        TOTAL SHORT-TERM INVESTMENTS
(Cost $11,713,957)		     11,713,957  
                 
        TOTAL INVESTMENTS – 125.0%
(Cost $125,237,211)		     127,719,641  
                 
        Liabilities in Excess of Other Assets – (25.0)%     (25,568,617 )
                 
        TOTAL NET ASSETS – 100.0%   $ 102,151,024  
                 
        WRITTEN OPTIONS CONTRACTS* – (0.2)%        
        CALL OPTIONS – (0.1)%        
  (20 )   AbbVie, Inc.
Exercise Price: $170, Notional Amount: $(340,000), Expiration Date: 09/20/2024		     (13,300 )
  (29 )   Cardinal Health, Inc.
Exercise Price: $105, Notional Amount: $(304,500), Expiration Date: 09/20/2024		     (5,829 )
  (70 )   Cognizant Technology Solutions Corp.
Exercise Price: $73, Notional Amount: $(507,500), Expiration Date: 10/18/2024		     (14,490 )
                 
Shares/
Contracts/
Principal		     Security   Value  
        WRITTEN OPTIONS CONTRACTS* (continued)        
        CALL OPTIONS (continued)        
  (83 )   Corteva, Inc.
Exercise Price: $55, Notional Amount: $(456,500), Expiration Date: 09/20/2024		   $ (21,414 )
  (20 )   Cummins, Inc.
Exercise Price: $290, Notional Amount: $(580,000), Expiration Date: 09/20/2024		     (14,000 )
  (9 )   Deere & Co.
Exercise Price: $390, Notional Amount: $(351,000), Expiration Date: 09/20/2024		     (10,125 )
  (22 )   Diamondback Energy, Inc.
Exercise Price: $200, Notional Amount: $(440,000), Expiration Date: 09/20/2024		     (20,900 )
  (20 )   Ecolab, Inc.
Exercise Price: $250, Notional Amount: $(500,000), Expiration Date: 10/18/2024		     (10,900 )
  (9 )   Elevance Health, Inc.
Exercise Price: $560, Notional Amount: $(504,000), Expiration Date: 09/20/2024		     (11,061 )
  (10 )   Goldman Sachs Group, Inc.
Exercise Price: $490, Notional Amount: $(490,000), Expiration Date: 09/20/2024		     (6,750 )
  (72 )   NextEra Energy, Inc.
Exercise Price: $75, Notional Amount: $(540,000), Expiration Date: 09/20/2024		     (13,392 )
        TOTAL CALL OPTIONS     (142,161 )
                 
        PUT OPTIONS – (0.1)%        
  (21 )   American Express Company
Exercise Price: $210, Notional Amount: $(441,000), Expiration Date: 08/16/2024		     (3,843 )
  (21 )   Analog Devices, Inc.
Exercise Price: $220, Notional Amount: $(462,000), Expiration Date: 08/16/2024		     (9,177 )
  (5 )   Broadcom, Inc.
Exercise Price: $1,510, Notional Amount: $(755,000), Expiration Date: 08/16/2024		     (23,960 )
  (39 )   Marathon Petroleum Corp.
Exercise Price: $165, Notional Amount: $(643,500), Expiration Date: 08/16/2024		     (15,015 )
  (20 )   Microsoft Corp.
Exercise Price: $425, Notional Amount: $(850,000), Expiration Date: 08/16/2024		     (12,000 )

 

5

 

 

Destra Multi-Alternative Fund
Schedule of Investments (continued)
As of June 30, 2024 (unaudited)

 

Shares/
Contracts/
Principal		     Security   Value  
        WRITTEN OPTIONS CONTRACTS* (continued)        
        PUT OPTIONS (continued)        
  (7 )   Parker-Hannifin Corp.
Exercise Price: $480, Notional Amount: $(336,000), Expiration Date: 08/16/2024		   $ (4,690 )
  (45 )   TJX Companies, Inc.
Exercise Price: $105, Notional Amount: $(472,500), Expiration Date: 08/16/2024		     (3,150 )
        TOTAL PUT OPTIONS     (71,835 )
        TOTAL WRITTEN OPTIONS CONTRACTS*
(Proceeds $(187,213))		     (213,996 )
                 
        EXCHANGE-TRADED FUNDS SOLD SHORT* – (2.1)%        
  (9,900 )   Direxion Daily S&P 500 Bull 3X     (1,446,093 )
  (9,800 )   ProShares UltraPro QQQ     (723,436 )
        TOTAL EXCHANGE-TRADED FUNDS SOLD SHORT*
(Proceeds $(551,340))		     (2,169,529 )
                 
        TOTAL SHORT SECURITIES
(Proceeds $(738,553))		   $ (2,383,525 )

 

(1)  Non-income producing security.
(2)  All or a portion of this security is segregated as collateral for securities sold short.
(3)  Fair valued using significant unobservable inputs.
(4)  Restricted investment as to resale.
(5)  Investments in Alternative Investment Funds are valued using net asset value as a practical expedient.
(6)  Alternative investment fund does not issue shares.
(7)  The rate is the annualized seven-day yield as of June 30, 2024.
* All securities are pledged as collateral except for securities identified with a * superscript.

 

ADR – American Depository Receipt
ETF – Exchange-Traded Fund
LP – Limited Partnership
REIT – Real Estate Investment Trusts

 

6

 

 

Destra Multi-Alternative Fund
Schedule of Investments (continued)
As of June 30, 2024 (unaudited)

 

Restricted securities — Restricted securities are securities that may be resold only upon registration under federal securities laws or in transactions exempt from such registration. In some cases, the issuer of restricted securities has agreed to register such securities for resale, at the issuer’s expense either upon demand by the Fund or in connection with another registered offering of the securities. Many restricted securities may be resold in the secondary market in transactions exempt from registration. Such restricted securities may be determined to be liquid under criteria established by the Board. The restricted securities may be valued at the price provided by dealers in the secondary market or, if no market prices are available, the fair value as determined in good faith using methods approved by the Board. The Alternative Investment Funds generally are restricted securities that are subject to substantial holding periods and are not traded in public markets, so that the Fund may not be able to resell some of its investments for extended periods, which may be several years.

 

Additional information on each restricted investment held by the Fund at June 30, 2024 is as follows:

 

Security Description   Acquisition
Date		   Cost     Value     % of Net
Assets		  
Always AI, Inc., Preferred Stock   1/5/2021   $ 1,999,998     $ 3,979,042       3.9 %
Always AI, Inc., Convertible Debt   10/2/2023     2,000,000       2,000,000       1.9  
Always AI, Inc., Convertible Debt   5/31/2024     250,000       250,000       0.2  
Always AI, Inc., Warrants   10/2/2023     - (1)      -       -  
Arboretum Core Asset Fund LP   8/2/2018     2,500,000       2,453,722       2.5  
Aventine Property Group, Inc.   1/13/2021     5,141,850       6,727,006       6.6  
Canyon CLO Fund II LP   2/25/2019     6,132,077       8,213,988       8.0  
Canyon CLO Fund III (Cayman) Ltd.   3/1/2022     12,697,773       14,732,135       14.4  
Citigroup Global Markets Holdings, Inc.   6/21/2024     2,000,000       2,000,000       1.9  
Clarion Lion Industrial Trust   6/29/2015     4,283,923       12,249,743       12.0  
Clear Street Group, Inc.   5/11/2022     1,500,000       1,500,002       1.5  
Copia Wealth Studios – Common Shares   5/22/2024     333       938,386       0.9  
Copia Wealth Studios – Preferred Shares   4/1/2024     3,000,000       3,000,000       2.9  
Eat Just, Inc.   6/11/2021     515,501       472,562       0.5  
Goldman Sachs Finance Corp.   6/21/2024     2,000,000       2,000,000       2.0  
GOSITE, Inc., Convertible Debt   11/30/2023     56,331       56,331       0.1  
GOSITE, Inc., Preferred Stock   7/31/2020     2,099,998       2,738,373       2.7  
Healthcare Trust, Inc.   3/30/2012     5,151,254       4,611,055       4.5  
Hospitality Investors Trust, Inc.   2/17/2015     9,236,371       241,226       0.2  
Iridia, Inc., Convertible Debt   12/22/2023     750,000       750,000       0.7  
Iridia, Inc., Preferred Stock   2/25/2021     750,000       1,299,458       1.3  
NorthStar Healthcare Income, Inc.   3/29/2012     6,706,530       2,922,582       2.9  
Nurture Life, Inc., Preferred Stock   8/2/2022     3,257,353       3,946,543       3.9  
Nurture Life, Inc., Warrants   12/23/2022     -       992,784       1.0  
Ovation Alternative Income Fund   7/25/2014     419,943       485,593       0.5  
Preservation REIT 1, Inc.   10/22/2019     3,377,166       6,382,227       6.2  
Ready Capital Corp., Contingent Value Rights   7/6/2017     - (1)      -       -  
Treehouse Real Estate Investment Trust, Inc.   12/31/2018     8,792,962       5,307,016       5.2  
Total       $ 84,619,363     $ 90,249,774       88.40 %

 

(1)  Transferred at no cost as a result of a corporate action.

 

7