DPIIX

About DPIIX

Destra Flaherty & Crumrine Preferred and Income Fund Class I is an open-end mutual fund designed to provide investors with total return, placing particular emphasis on delivering high current income. The fund primarily invests at least 80% of its net assets in a diversified portfolio of preferred and income-producing securities, which may include traditional preferred stock, trust preferred securities, hybrid and convertible securities, as well as subordinated and senior debt. The portfolio, managed by Flaherty & Crumrine—one of the most experienced teams in preferred securities management—employs a proprietary research approach to identify value and manage risk within the preferred securities market, which is seen as relatively inefficient. The fund predominantly allocates capital to issuers active in the financial services sector and may also invest in below investment grade (high yield) securities, providing exposure to both investment grade and speculative credits. As an institutional share class, it is tailored for investors seeking yield and diversification through a specialized, actively-managed strategy within the fixed income universe.