Closed-End Funds
The Destra product platform brings together specialty-based asset managers with investment vehicles designed to take full advantage of each manager’s process.
Our Partners
Angel Oak Capital Advisors is an alternative credit manager focusing on value-driven fixed income investing. Angel Oak is focused on uncovering and capitalizing on dislocations across the credit markets driven by both economic and regulatory events.
Ares is a publicly traded, leading global alternative asset manager that operates four distinct but complementary investment groups which invest in the tradable credit, direct lending, private equity and real estate markets and have the ability to invest in all levels of a company’s capital structure.
ArrowMark Partners is a fundamental research-based investment manager focused on matching client needs and world-class human capital. They are the Adviser to the Meridian Funds and the ArrowMark Financial Corp closed-end fund.
Flaherty & Crumrine is the veteran, dedicated preferred securities manager. Independent, employee controlled adviser, founded in 1983, making them one of the oldest and most experienced firm specializing in the management of preferred securities.
Validex is a research-focused, fundamentally-driven manager of direct equity, alternative, and asset allocation strategies. As part of its proprietary research methods, Validex implements systematic scoring regimes to identify specific investment opportunities which are combined with active risk-mitigation techniques to construct portfolios.
Destra Serviced Closed-End Funds
| Ticker | Name | Fact Card | Asset Manager |
|---|---|---|---|
| ARDC | Ares Dynamic Credit Allocation Fund | download | Ares Capital Management |
| BANX | ArrowMark Financial Corp | download | ArrowMark Asset Management, LLC. |
| DMA | Destra Multi-Alternative Fund | download | Validus Growth Investors, LLC |
| DFP | Flaherty & Crumrine Dynamic Preferred and Income Fund | download | Flaherty & Crumrine, Incorporated |
| FFC | Flaherty & Crumrine Preferred and Income Securities Fund | download | Flaherty & Crumrine, Incorporated |
| FLC | Flaherty & Crumrine Total Return Fund | download | Flaherty & Crumrine, Incorporated |
| FINS | Angel Oak Financial Strategies Income Term Trust | download | Angel Oak Capital Advisors |
Destra Capital Advisors LLC, a registered investment advisor, is providing secondary market servicing for the Closed-End Funds. These managers are not affiliated with Destra Capital Advisors.
Why Closed-End Funds?
There are approximately 500 U.S. listed closed-end funds that trade on the stock exchange, just like ETFs. While CEFs have traditionally been associated with income, they have the potential to play multiple roles in portfolios.
Key Closed-End Fund Attributes
1
Long-Term
Closed-End Funds are just that — closed. This stable asset base, without constant inflows and outflows, generally allows the portfolio managers to take a long-term view on the potential merits of each investment.
2
Opportunity
The Closed-End Fund structure is advantageous for investing in unique and specialized areas of the market, including;
- Venture Capital
- PIPEs
- Private Placements
- CLOs
- Direct Private Equity
- Alternative Credit
- Real Estate
3
Leverage
Closed-end funds have the ability to efficiently deploy leverage to potentially enhance income levels and boost performance for shareholders.
Enhance Portfolios by Adding Closed-End Funds
Closed-End Funds are offered with a wide array of investment styles and focus. No matter what segment of the market you are looking to gain exposure to, there may be a CEF for your portfolio to complement ETFs, Mutual Funds and other investments.