Destra International & Event-Driven Credit Fund

Frequently Asked Questions About CEDIX

What does CEDIX invest in?

The Destra International & Event-Driven Credit Fund is an American-based mutual fund whose primary objective is to achieve comprehensive returns. It seeks to accomplish this by predominantly investing in global debt instruments and credit opportunities that arise from specific corporate events, which may include corporate bonds and unique market situations.

What is the expense ratio of CEDIX?

Destra International & Event-Driven Credit Fund (CEDIX) charges an expense ratio of 2.25%. This is the annual fee deducted from fund assets to cover management and operations.

What is CEDIX's dividend yield?

CEDIX's trailing-twelve-month yield is 8.11%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CEDIX?

Effective duration measures CEDIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CEDIX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CEDIX?

CEDIX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CEDIX?

Yield to maturity (YTM) is the total return you'd earn from CEDIX if every bond in the portfolio is held to maturity at the current price. CEDIX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.