Destra Multi-Alternative Fund

Frequently Asked Questions About DMA

What does DMA invest in?

Managed by Pinhook Capital, LLC, this closed-end balanced mutual fund, known as the Multi-Strategy Growth & Income Fund, strategically invests in U.S. public equity and fixed-income markets. For its equity component, the fund primarily targets companies within the real estate sector, including Real Estate Investment Trusts (REITs), utilizing direct investments, other funds, and derivatives such as options, across all market capitalization ranges. The fixed-income portion encompasses structured notes, notes, bonds, and asset-backed securities. Its investment methodology combines fundamental and quantitative analysis, emphasizing investments that offer the highest expected income, robust capital appreciation potential, and relatively low volatility. This U.S.-domiciled fund commenced operations on June 3, 2011.

What is the expense ratio of DMA?

Destra Multi-Alternative Fund (DMA) charges an expense ratio of 3.29%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DMA?

Destra Multi-Alternative Fund (DMA) manages $67.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is DMA actively managed or an index fund?

DMA's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was DMA launched?

Destra Multi-Alternative Fund (DMA) launched in January 2022 and is managed by the fund issuer.

How has DMA performed?

DMA's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.