# Destra Multi-Alternative Fund (DMA): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dma for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Thematic · Inception: 2022-01-13 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... ## Key Facts | Metric | Value | |---|---| | Price | $7.07 | | Expense Ratio | 3.29% | | Assets Under Management | $63.4M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 18.85% | | Annual Distribution (TTM) | $1.33 /share | | Distribution Frequency | Monthly | | 52-Week Range | $6.94 – $9.15 | | Beta | 0.39 | ## Latest Distribution - Amount: $0.1150 /share - Ex-date: 2026-12-18 - Pay date: 2026-12-31 ## Frequently Asked Questions ### 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 $63.4M 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. ### Does DMA pay a dividend? Destra Multi-Alternative Fund (DMA) currently distributes little or no income. Trailing-twelve-month yield is 18.85%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DMA pay dividends? Destra Multi-Alternative Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DMA's dividend yield? DMA's trailing-twelve-month yield is 18.85%, calculated from the sum of dividends over the past year divided by the current price. ### When is DMA's next ex-dividend date? The most recently announced ex-dividend date for DMA was 2026-12-18. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will DMA's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 3.29% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DMA charge its expense ratio? The expense ratio is deducted in tiny daily slices from DMA's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DMA cost more than a fund like VOO? DMA's strategy (current expense ratio 3.29%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where DMA sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to DMA? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as DMA (3.29%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dma - Distribution history: https://www.dividenddata.com/funds/dma/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dma/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dma/expenses - Peer comparison: https://www.dividenddata.com/funds/dma/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.