Strategies

Destra represents an array of investment products including Mutual Funds, Listed Closed-End Funds and Un-Listed Closed-End Funds. Destra Capital Investments, LLC serves as Distributor for all Destra Mutual Funds and Sub-Distributor for the Meridian Mutual Funds. Destra also acts as the secondary market servicing agent for all the Closed-End Funds listed below. Additional information on each product can be found by clicking the link on each respective product.

Important note: by clicking on a link to a non-Destra branded product, you will be leaving DestraCapital.com.

Quarterly

as of 12.31.19
fund name	ticker	3 MO	YTD	1YR	3YR	5YR	from incep.	distribution
Mutual Funds
Destra Flaherty & Crumrine Preferred and Income Inception Date: April 12, 2011	DPIAX A at NAV	2.38	18.30	18.30	7.52	6.63	7.36	monthly
	DPIAX A	-2.22	12.96	12.96	5.88	5.65	6.80	monthly
	DPIIX I	2.45	18.59	18.59	7.79	6.94	7.70	monthly
	DPICX C	1.19	16.34	16.34	6.72	5.83	6.79	monthly
Destra Granahan Small Cap Advantage Fund Inception Date: August 7, 2019	DGASX A at NAV	13.28	n/a	n/a	n/a	n/a	4.90	annually
	DGASX A	8.14	n/a	n/a	n/a	n/a	0.19	annually
	DGISX I	13.41	n/a	n/a	n/a	n/a	4.90	annually
Destra International & Event-Driven Credit Fund Inception Date: May 9, 2018	CEDAX A at NAV	3.09	14.74	14.74	n/a	n/a	14.87	quarterly
	CEDAX A	-2.85	8.12	8.12	n/a	n/a	8.28	quarterly
	CEDIX I	3.15	15.06	15.06	n/a	n/a	10.87	quarterly
	CEDLX L	3.03	14.46	14.46	n/a	n/a	14.59	quarterly
	CEDTX T	2.97	14.19	14.19	n/a	n/a	14.31	quarterly
Destra Multi-Alternative Fund Inception Date: March 16, 2012	MSFDX at NAV	2.72	9.41	9.41	1.43	2.05	4.34	monthly
	MSFDX A	-3.18	3.09	3.09	-0.54	0.85	3.59	monthly
	MSFIX I	2.77	9.60	9.60	1.68	2.42	2.28	monthly
	MCFDX C	2.61	8.60	8.60	0.69	1.29	1.25	monthly
	MSFYX T	2.60	8.82	8.82	0.93	1.55	1.50	monthly
Meridian Growth Inception Date: August 1, 1984	MRAGX A	8.93	27.18	27.18	13.92	10.01	10.34	annually
	MRCGX C	8.74	26.29	26.29	13.10	9.31	9.57	annually
	MRIGX Investor	9.03	27.59	27.59	14.23	10.35	10.69	annually
Meridian Contrarian Inception Date: February 10, 1994	MFCAX A	9.61	23.07	23.07	12.18	9.50	9.28	annually
	MFCCX C	9.46	22.35	22.35	11.53	8.89	9.03	annually
	MFCIX Investor	9.16	22.89	22.89	12.30	9.69	9.49	annually
Meridian Enhanced Equity Inception Date: January 31, 2005	MRAEX A	6.24	44.56	44.56	22.16	14.77	13.21	annually
	MRCEX C	6.08	44.00	44.00	21.64	14.26	15.15	annually
	MRIEX Investor	6.43	45.24	45.24	22.47	15.07	13.49	annually
Meridian Small Cap Growth Inception Date: December 15, 2013	MSGAX A	12.72	18.68	18.68	13.46	10.25	12.54	annually
	MSGCX C	12.59	17.94	17.94	12.65	9.52	9.35	annually
	MISGX Investor	12.82	18.92	18.92	13.73	10.55	12.85	annually
Closed-End Funds
Angel Oak Financial Strategies Income Term Trust Inception Date: May 29, 2019	FINS Market	4.39	n/a	n/a	n/a	n/a	12.38	monthly
	XFINX NAV	2.02	n/a	n/a	n/a	n/a	8.36	monthly
Ares Dynamic Credit Allocation Fund Inception Date: November 27, 2012	ARDC Market	5.29	21.26	21.26	9.15	8.33	4.61	monthly
	XADCX NAV	2.74	12.27	12.27	6.84	6.41	5.92	monthly
Flaherty & Crumrine Dynamic Preferred and Income Inception Date: May 24, 2013	DFP Market	4.20	40.76	40.76	11.90	12.06	9.26	monthly
	XDFPX NAV	4.03	26.99	26.99	10.80	9.29	9.58	monthly
Flaherty & Crumrine Preferred Securities Income Fund Inception Date: January 31, 2003	FFC Market	5.32	38.95	38.95	12.72	10.86	8.77	monthly
	XFFCX NAV	3.43	25.72	25.72	11.05	8.94	8.42	monthly
Flaherty & Crumrine Total Return Fund Inception Date: August 29, 2003	FLC Market	1.07	38.77	38.77	11.73	10.53	8.41	monthly
	XFLCX NAV	3.70	26.26	26.26	10.77	8.66	8.12	monthly
Tekla Healthcare Investors Inception Date: March 8, 1992	HQH Market	16.13	26.81	26.81	8.52	0.84	0.00	quarterly
	XHQHX NAV	18.10	23.97	23.97	9.84	2.87	10.81	quarterly
Tekla Life Sciences Investors Inception Date: April 23, 1987	HQL Market	17.68	25.51	25.51	10.48	2.83	9.20	quarterly
	XHQLX NAV	19.89	26.46	26.46	11.79	4.57	9.19	quarterly
Tekla Healthcare Opportunities Fund Inception Date: July 28, 2014	THQ Market	11.26	22.66	22.66	15.64	7.27	7.19	monthly
	XTHQX NAV	13.11	22.02	22.02	14.31	7.50	9.20	monthly
Tekla World Healthcare Fund Inception Date: June 26, 2015	THW Market	5.74	32.96	32.96	13.75	n/a	1.76	monthly
	XTHWX NAV	12.80	25.87	25.87	11.57	n/a	3.68	monthly

Monthly

as of 12.31.19
fund name	ticker	3 MO	YTD	1YR	3YR	5YR	from incep.	distribution
Mutual Funds
Destra Flaherty & Crumrine Preferred and Income Inception Date: April 12, 2011	DPIAX A at NAV	2.38	18.30	18.30	7.52	6.63	7.36	monthly
	DPIAX A	-2.22	12.96	12.96	5.88	5.65	6.80	monthly
	DPIIX I	2.45	18.59	18.59	7.79	6.94	7.70	monthly
	DPICX C	1.19	16.34	16.34	6.72	5.83	6.79	monthly
Destra Granahan Small Cap Advantage Fund Inception Date: August 7, 2019	DGASX A at NAV	13.28	n/a	n/a	n/a	n/a	4.90	annually
	DGASX A	8.14	n/a	n/a	n/a	n/a	0.19	annually
	DGISX I	13.41	n/a	n/a	n/a	n/a	4.90	annually
Destra International & Event-Driven Credit Fund Inception Date: May 9, 2018	CEDAX A at NAV	3.09	14.74	14.74	n/a	n/a	14.87	quarterly
	CEDAX A	-2.85	8.12	8.12	n/a	n/a	8.28	quarterly
	CEDIX I	3.15	15.06	15.06	n/a	n/a	10.87	quarterly
	CEDLX L	3.03	14.46	14.46	n/a	n/a	14.59	quarterly
	CEDTX T	2.97	14.19	14.19	n/a	n/a	14.31	quarterly
Destra Multi-Alternative Fund Inception Date: March 16, 2012	MSFDX at NAV	2.72	9.41	9.41	1.43	2.05	4.34	monthly
	MSFDX A	-3.18	3.09	3.09	-0.54	0.85	3.59	monthly
	MSFIX I	2.77	9.60	9.60	1.68	2.42	2.28	monthly
	MCFDX C	2.61	8.60	8.60	0.69	1.29	1.25	monthly
	MSFYX T	2.60	8.82	8.82	0.93	1.55	1.50	monthly
Meridian Growth Inception Date: August 1, 1984	MRAGX A	8.93	27.18	27.18	13.92	10.01	10.34	annually
	MRCGX C	8.74	26.29	26.29	13.10	9.31	9.57	annually
	MRIGX Investor	9.03	27.59	27.59	14.23	10.35	10.69	annually
Meridian Contrarian Inception Date: February 10, 1994	MFCAX A	9.61	23.07	23.07	12.18	9.50	9.28	annually
	MFCCX C	9.46	22.35	22.35	11.53	8.89	9.03	annually
	MFCIX Investor	9.16	22.89	22.89	12.30	9.69	9.49	annually
Meridian Enhanced Equity Inception Date: January 31, 2005	MRAEX A	6.24	44.56	44.56	22.16	14.77	13.21	annually
	MRCEX C	6.08	44.00	44.00	21.64	14.26	15.15	annually
	MRIEX Investor	6.43	45.24	45.24	22.47	15.07	13.49	annually
Meridian Small Cap Growth Inception Date: December 15, 2013	MSGAX A	12.72	18.68	18.68	13.46	10.25	12.54	annually
	MSGCX C	12.59	17.94	17.94	12.65	9.52	9.35	annually
	MISGX Investor	12.82	18.92	18.92	13.73	10.55	12.85	annually
Closed-End Funds
Angel Oak Financial Strategies Income Term Trust Inception Date: May 29, 2019	FINS Market	4.39	n/a	n/a	n/a	n/a	12.38	monthly
	XFINX NAV	2.02	n/a	n/a	n/a	n/a	8.36	monthly
Ares Dynamic Credit Allocation Fund Inception Date: November 27, 2012	ARDC Market	5.29	21.26	21.26	9.15	8.33	4.61	monthly
	XADCX NAV	2.74	12.27	12.27	6.84	6.41	5.92	monthly
Flaherty & Crumrine Dynamic Preferred and Income Inception Date: May 24, 2013	DFP Market	4.20	40.76	40.76	11.90	12.06	9.26	monthly
	XDFPX NAV	4.03	26.99	26.99	10.80	9.29	9.58	monthly
Flaherty & Crumrine Preferred Securities Income Fund Inception Date: January 31, 2003	FFC Market	5.32	38.95	38.95	12.72	10.86	8.77	monthly
	XFFCX NAV	3.43	25.72	25.72	11.05	8.94	8.42	monthly
Flaherty & Crumrine Total Return Fund Inception Date: August 29, 2003	FLC Market	1.07	38.77	38.77	11.73	10.53	8.41	monthly
	XFLCX NAV	3.70	26.26	26.26	10.77	8.66	8.12	monthly
Tekla Healthcare Investors Inception Date: March 8, 1992	HQH Market	16.13	26.81	26.81	8.52	0.84	0.00	quarterly
	XHQHX NAV	18.10	23.97	23.97	9.84	2.87	10.81	quarterly
Tekla Life Sciences Investors Inception Date: April 23, 1987	HQL Market	17.68	25.51	25.51	10.48	2.83	9.20	quarterly
	XHQLX NAV	19.89	26.46	26.46	11.79	4.57	9.19	quarterly
Tekla Healthcare Opportunities Fund Inception Date: July 28, 2014	THQ Market	11.26	22.66	22.66	15.64	7.27	7.19	monthly
	XTHQX NAV	13.11	22.02	22.02	14.31	7.50	9.20	monthly
Tekla World Healthcare Fund Inception Date: June 26, 2015	THW Market	5.74	32.96	32.96	13.75	n/a	1.76	monthly
	XTHWX NAV	12.80	25.87	25.87	11.57	n/a	3.68	monthly

Data presented reflects past performance, which is no guarantee of future results. Investment results and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, current performance may be higher or lower than the performance shown.

*Due to the Fund's recent inception, performance data is not yet available.

Mutual Fund Related Risks

Performance shown for Class A Shares with load includes the Fund’s maximum sales charge of 4.50% for the Dynamic Asset and the Flaherty & Crumrine Preferred and Income Funds. Returns include reinvestment of all distributions and returns of less than 1 year are not annualized.

For the Preferred and Income Fund, the Adviser has agreed to cap expenses such that the total annual fund operating expenses, excluding brokerage commissions and other trading expenses, taxes, acquired fund fees and other extraordinary expenses (such as litigation and other expenses not incurred in the ordinary course of business) at 1.50% for Class A, 2.25% for Class C and 1.22% for Class I. This waiver will continue in effect until February 1, 2022. The waiver may be terminated or modified prior to February 1, 2022 only with the approval of the Board of Trustees of the Trust. The gross expenses for the Class A, Class C and Class I shares are 1.99%, 3.09% and 1.55% respectively.

For the Dynamic Asset Fund, the Adviser has agreed to cap expenses such that the total annual fund operating expenses, excluding brokerage commissions and other trading expenses, taxes, acquired fund fees and other extraordinary expenses (such as litigation and other expenses not incurred in the ordinary course of business) at 2.00% for Class A, 2.75% for Class C and 1.75% for Class I. This waiver will continue in effect until February 1, 2022. The waiver may be terminated or modified prior to February 1, 2022 only with the approval of the Board of Trustees of the Trust. The gross expenses for the Class A, Class C and Class I shares are 2.14%, 2.79% and 1.78% respectively.

Included in the each Fund’s Class A shares expenses is a distribution and service (12b-1) fee of 0.25%.

Included in the each Fund’s Class C shares expenses is a distribution and service (12b-1) fee of 1.00%.

Investing outside the United States involves additional risks, such as currency fluctuations, political instability risks, periods of illiquidity, and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries. Small company stocks entail additional risks, and they can fluctuate in price more than larger company stocks. The value of fixed-income securities may be affected by changing interest rates and changes in credit ratings of the securities. As interest rates rise, the prices of fixed-income securities generally fall. Lower rated bonds and preferred securities are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds. For more information about the risks associated with each fund, go to its detailed fund information page or read the prospectus.

Some important risks of the Preferred and Income Fund are: market risk, preferred and subordinated security risk, credit risk, interest rate risk, high-yield securities risk, liquidity risk, non-u.s. investment risk, non-diversification risk, securities selection risk, investment risk and issuer concentration in industries with regulated capital structure.

Some important risks of the Wolverine Dynamic Asset Fund are: call risk, clearing broker risk, commodities risk, counterparty risk, credit risk, currency risk, derivatives risk, equity securities risk, ETF risk, Europe investment risk, foreign commodity markets risk, frequent trading risk, futures risk, gap risk, general fund investing risks, high yield securities risk, income risk, interest rate risk, japan investment risk, liquidity risk, new fund risk, options risk, real estate investment risk, regulatory risk, smaller companies risk, subsidiary investment risk, swap agreements risk, tax risk, volatility risk and whipsaw markets risk.

Closed-End Fund Related Risks

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. The NAV total return takes into account the Fund’s total annual expenses and does not reflect transaction charges. All distributions are assumed to be reinvested either in accordance with the dividend reinvestment plan (DRIP) for market price returns or NAV for NAV returns. Until the DRIP price is available from the Plan Agent, the market price returns reflect the reinvestment at the closing market price on the last business day of the month. Once the DRIP is available around mid-month, the market price returns are updated to reflect reinvestment at the DRIP price.

This information does not represent an offer to sell securities of the Funds nor is it soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. The value of the Funds will fluctuate with the value of the underlying securities. Historically, closed-end funds often trade at a discount to their net asset value. Both the net asset value and the market value of shares of common stock may be subject to high volatility and a decline in value.

Destra Capital Investments is providing secondary market servicing for the the Ares Dynamic Credit Allocation Fund, the Flaherty & Crumrine Dynamic Preferred and Income Fund, the Flaherty & Crumrine Preferred Securities Income Fund, the Flaherty & Crumrine Total Return Fund, the Tekla Healthcare Investors Fund, the Tekla Life Sciences Investors Fund, the Tekla Healthcare Opportunities Fund, the Tekla World Healthcare Fund, the RMR Real Estate Income Fund and Ares Capital Corporation.

Investing in the market is subject to risk and possible loss of principal amount invested.

Data provided by Destra Capital Investments unless otherwise noted.

Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. The prospectus and summary prospectus contains this and other information relevant to an investment in the fund. Please read the prospectus or summary prospectus carefully before you invest or send money. To obtain a prospectus, please contact your investment representative or Destra Capital Investments LLC at 877.287.9646 or access our literature page.