7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA ♦ Toll-Free: (800) 356-3508 / Local: (804) 288-2482 ♦ www.CEFadvisors.com ♦ Contact@CEFadvisors.com
7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA ♦ Toll-Free: (800) 356-3508 / Local: (804) 288-2482 ♦ www.CEFadvisors.com ♦ Contact@CEFadvisors.com
Learn More @
www.AICalliance.org
| Current | |
|---|---|
| Market Price | $7.24 (+ $0.13) |
| NAV (April 26, 2024) | $11.20 (+ $0.13) |
| Fund Listed | NYSE |
| Premium / Discount | -35.36% (+0.42%) |
| Fund Info | |
|---|---|
| Inception | Jan. 13, 2022 |
| Sponsor | Destra Capital Advisors |
| Website | www.destracapital.com/... |
| Phone | 877.287.9646 |
| NAV Symbol | XDMAX |
| Location | Montana |
| Incorporated | Delaware |
| Staggered Board | No | Term Date | March 31, 2027 |
| Objective: The Fund seeks to achieve long-term performance non-correlated to the broad stock and bond markets. It invests primarily in alternative strategies and asset classes including real estate, direct private equity, alternative credit, commodities and hedge strategies. | |
| Related Indexes |
|---|
| Hybrid / Balanced Fund Index |
| Alternative Income Index |
| Capital & Leverage | |
|---|---|
| Outstanding Shares | 8,963,239 |
| Total Assets (Reported: Sept. 30, 2023) | $121M |
| Estimated Total Assets | $118M |
| Net Assets | $100M |
| Market Cap | $65M |
| Portfolio Turnover | 8.00% |
| Total Leverage | 15.26% |
| Structural Leverage (out of total) | 91.35% |
| Portfolio Leverage (out of total) | 8.65% |
| Expense Ratio | 4.77% |
| Non Lev Exp Ratio | 2.13% |
| Rel Lev Cost | 13.47% |
| Discount Data | |
|---|---|
| Average Discount (3 Yr) | % |
| Discount Low(3 Yr) | -54.46% |
| Discount High(3 Yr) | -23.01% |
| Discount Rel Range (3 Yr) | 60.73% |
| Comp Discount | -23.91 |
| Discount St Dev (1Yr) | 6.84 |
| Z-Stat | |
|---|---|
| Z-Stat (6mo) | 0.45 |
| Z-Stat (1Yr) | 1.00 |
| Z-Stat (3Yr) | |
| Comp Z-Stat (6mo) | 0.13 |
| Comp Z-Stat (3Yr) | |
| Distribution Data | |
|---|---|
| Market Yield | 8.72% |
| Income Yield | 0.00% |
| Lev Adj NAV Yield | 4.89% |
| Distribution Frequency | M |
| Current Distribution | $0.053 |
| Current Income | $0.000 |
| Ex-Date | 6/16/23 |
| Payable Date | 6/30/23 |
| Div Growth (3yr) | % |
| Dividend Change | -1.3% on 6/9/23 |
| Expected Div | |
| RoC (1yr) | 100.00% |
| RoC (3yr) | 82.29% |
| Volume & Liquidity | |
|---|---|
| Average Daily $ (K) | $195 |
| Avg Volume 30 day | 19,152 |
| Avg Volume 90 day | 26,900 |
| Volume Trend | -28.80% |
| Comp Volume Trend | -24.21% |
| Correlation & Volatility | |
|---|---|
| Price Correlation (1yr) vs. S&P 500 (TR) |
20.0% |
| Price Correlation (1yr) vs. CEFA's 12 Major CEF Sectors Index |
23.0% |
| Price Correlation (1yr) vs. CEFA's Hybrid / Balanced Fund Index |
36.0% |
| Most Correlated Peer (Mk Pr): NIE | 36.0% |
| NAV - Price Correlation (30 d) | 57.8% |
| NAV - Price Correlation (90 d) | 53.2% |
| NAV - Price Correlation (1 Yr) | 74.4% |
| Price St Dev (1Yr) | 24.7% |
| NAV St Dev (1Yr) | 4.8% |
| Earnings | |
|---|---|
| Earnings / Share (9/30/23) | $-0.012 |
| Earn Coverage | 0.00% |
| Earnings Trend | Down |
| UNII / Share (9/30/23) | $0.264 |
| Rel UNII | |
| UNII Trend | Down |
| Performance | |
|---|---|
| NAV Beta (2yr) vs. S&P 500 (TR) |
0.30 |
| NAV Beta (2yr) vs. CEFA's 12 Major CEF Sectors Index |
0.49 |
| NAV Beta (2yr) vs. CEFA's Hybrid / Balanced Fund Index |
0.41 |
| Distribution History (1Yr) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Declared | Payable | Ex Date | Distrib | Income | Short Gain | Long Gain | ROC | Type |
| 6/9/23 | 6/30/23 | 6/16/23 | $0.0526 | $0.0000 | $0.0000 | $0.0000 | $0.0526 | Regular |
| 5/9/23 | 5/31/23 | 5/18/23 | $0.0533 | $0.0000 | $0.0000 | $0.0000 | $0.0533 | Regular |
| Show Full History | ||||||||
| Declared | Payable | Ex Date | Distrib | Income | Short Gain | Long Gain | ROC | Type |
|---|---|---|---|---|---|---|---|---|
| 6/9/23 | 6/30/23 | 6/16/23 | $0.0526 | $0.0000 | $0.0000 | $0.0000 | $0.0526 | Regular |
| 5/9/23 | 5/31/23 | 5/18/23 | $0.0533 | $0.0000 | $0.0000 | $0.0000 | $0.0533 | Regular |
| 4/7/23 | 4/28/23 | 4/17/23 | $0.0536 | $0.0000 | $0.0000 | $0.0000 | $0.0536 | Regular |
| 3/9/23 | 3/31/23 | 3/17/23 | $0.0549 | $0.0113 | $0.0000 | $0.0000 | $0.0436 | Regular |
| 2/7/23 | 2/28/23 | 2/16/23 | $0.0562 | $0.0116 | $0.0000 | $0.0000 | $0.0446 | Regular |
| 1/9/23 | 1/31/23 | 1/19/23 | $0.0549 | $0.0113 | $0.0000 | $0.0000 | $0.0436 | Regular |
| 12/9/22 | 12/30/22 | 12/19/22 | $0.0554 | $0.0114 | $0.0000 | $0.0000 | $0.0440 | Regular |
| 11/8/22 | 11/30/22 | 11/17/22 | $0.0561 | $0.0116 | $0.0000 | $0.0000 | $0.0445 | Regular |
| 10/11/22 | 10/31/22 | 10/20/22 | $0.0541 | $0.0111 | $0.0000 | $0.0000 | $0.0430 | Regular |
| 9/9/22 | 9/30/22 | 9/19/22 | $0.0563 | $0.0116 | $0.0000 | $0.0000 | $0.0447 | Regular |
| 8/9/22 | 8/31/22 | 8/18/22 | $0.0572 | $0.0118 | $0.0000 | $0.0000 | $0.0454 | Regular |
| 7/8/22 | 7/29/22 | 7/18/22 | $0.0560 | $0.0115 | $0.0000 | $0.0000 | $0.0445 | Regular |
| 6/7/22 | 6/30/22 | 6/16/22 | $0.0590 | $0.0121 | $0.0000 | $0.0000 | $0.0469 | Regular |
| 5/10/22 | 5/31/22 | 5/19/22 | $0.0593 | $0.0122 | $0.0000 | $0.0000 | $0.0471 | Regular |
| 4/8/22 | 4/29/22 | 4/18/22 | $0.0599 | $0.0123 | $0.0000 | $0.0000 | $0.0476 | Regular |
| 3/11/22 | 3/31/22 | 3/18/22 | $0.0593 | $0.0099 | $0.0000 | $0.0000 | $0.0494 | Regular |
| 2/8/22 | 2/28/22 | 2/17/22 | $0.0597 | $0.0000 | $0.0000 | $0.0000 | $0.0597 | Regular |
| 1/14/22 | 2/3/22 | 1/24/22 | $0.0604 | $0.0306 | $0.0000 | $0.0000 | $0.0298 | Regular |
| Total Return (%) - Cash Dividends Periods greater than 1 Year are annualized. |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Week | 1 Month | 3 Month | 6 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | |
| Price | 1.12 | -7.06 | 5.69 | 20.67 | -7.42 | 16.21 | 28.20 | |||
| Rank | 14 / 18 | 18 / 18 | 9 / 18 | 13 / 18 | 18 / 18 | 1 / 18 | 3 / 18 | / | / | / |
| Peer Group (Mk Pr) | 1.31 | -3.34 | 4.44 | 23.58 | -3.77 | 7.06 | 15.75 | -2.68 | 4.54 | 4.54 |
| NAV | 2.00 | -0.44 | 1.36 | 8.32 | 1.17 | 0.45 | 5.86 | |||
| Rank | 10 / 18 | 2 / 18 | 14 / 18 | 18 / 18 | 2 / 18 | 17 / 18 | 16 / 18 | / | / | / |
| Peer Group (NAV) | 1.33 | -2.43 | 3.26 | 17.87 | -2.64 | 4.06 | 12.56 | -1.10 | 4.90 | 3.91 |
| Click on any value in "Peer Group" rows to see full peer group total returns | ||||||||||
| Total Return (%) - Reinvested Dividends Periods greater than 1 Year are annualized. |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Week | 1 Month | 3 Month | 6 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | |
| Price | 1.12 | -7.06 | 5.69 | 20.67 | -7.42 | 16.21 | 28.92 | |||
| Rank | 14 / 18 | 18 / 18 | 9 / 18 | 13 / 18 | 18 / 18 | 1 / 18 | 3 / 18 | / | / | / |
| Peer Group (Mk Pr) | 1.31 | -3.33 | 4.42 | 23.77 | -3.77 | 7.06 | 16.66 | -2.36 | 5.24 | 6.29 |
| NAV | 2.00 | -0.44 | 1.36 | 8.32 | 1.17 | 0.45 | 5.93 | |||
| Rank | 10 / 18 | 2 / 18 | 14 / 18 | 18 / 18 | 2 / 18 | 17 / 18 | 16 / 18 | / | / | / |
| Peer Group (NAV) | 1.31 | -2.43 | 3.24 | 18.00 | -2.64 | 4.06 | 13.20 | -0.58 | 5.82 | 5.54 |
| Click on any value in "Peer Group" rows to see full peer group total returns | ||||||||||
Market Price Total Return (%) - Dividends
| 1 Week | 1 Month | 3 Month | 6 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| FOF | 2.34 | -1.57 | 3.02 | 22.60 | -1.99 | 4.62 | 14.31 | 1.59 | 5.77 | 5.18 |
| FOF | 2.34 | -1.57 | 3.04 | 22.73 | -1.99 | 4.65 | 15.18 | 2.37 | 7.07 | 7.45 |
| NIE | 2.48 | -1.70 | 4.57 | 22.19 | -2.14 | 7.17 | 21.00 | 2.16 | 9.38 | 7.78 |
| NIE | 2.48 | -1.70 | 4.53 | 22.35 | -2.14 | 7.13 | 21.90 | 3.91 | 11.36 | 10.72 |
| CSQ | 3.27 | -2.68 | 4.53 | 30.82 | -2.92 | 8.25 | 23.33 | 2.63 | 10.94 | 8.97 |
| CSQ | 3.27 | -2.67 | 4.54 | 31.13 | -2.90 | 8.27 | 24.36 | 3.68 | 12.88 | 12.57 |
| ZTR | 1.32 | -1.09 | 6.54 | 22.37 | -2.33 | 1.45 | -5.71 | -6.52 | -0.97 | 2.00 |
| ZTR | 1.32 | -1.09 | 6.58 | 22.56 | -2.33 | 1.53 | -5.36 | -7.54 | -1.68 | 2.23 |
| CGO | 4.03 | -2.69 | 12.20 | 33.08 | -2.50 | 13.44 | 20.04 | -6.06 | 3.42 | 3.93 |
| CGO | 4.03 | -2.66 | 12.25 | 33.58 | -2.47 | 13.48 | 21.38 | -5.86 | 4.09 | 5.87 |
| GLV | 0.37 | -2.82 | 4.68 | 18.71 | -2.82 | 8.55 | 6.46 | -11.94 | -0.94 | 1.38 |
| GLV | 0.37 | -2.82 | 4.66 | 18.96 | -2.82 | 8.55 | 7.40 | -13.19 | -2.22 | 0.98 |
| GLO | 1.03 | -2.40 | 6.18 | 25.87 | -2.40 | 8.55 | 15.55 | -16.00 | 0.41 | 2.27 |
| GLO | 1.03 | -2.40 | 6.17 | 26.16 | -2.40 | 8.59 | 16.70 | -17.55 | -1.19 | 2.25 |
| SCD | 6.85 | -0.82 | 12.67 | 39.12 | -2.03 | 11.79 | 36.52 | 11.82 | 9.44 | 5.09 |
| SCD | 6.85 | -0.82 | 12.73 | 39.64 | -2.03 | 11.96 | 38.76 | 13.92 | 12.55 | 8.54 |
| CHW | 3.26 | -2.14 | 10.75 | 30.45 | -1.84 | 12.48 | 17.63 | -6.90 | 4.02 | 4.63 |
| CHW | 3.26 | -2.14 | 10.79 | 30.93 | -1.84 | 12.52 | 18.86 | -6.79 | 4.69 | 6.78 |
| RIV | 1.66 | -1.43 | 6.42 | 28.02 | -2.09 | 10.79 | 19.33 | 0.02 | 5.06 | - |
| RIV | 1.66 | -1.43 | 6.41 | 28.44 | -2.09 | 10.83 | 20.96 | 0.79 | 6.64 | - |
| CPZ | 1.90 | 2.02 | 6.69 | 21.80 | 1.56 | 10.38 | 12.78 | -0.15 | - | - |
| CPZ | 1.90 | 2.04 | 6.80 | 22.21 | 1.57 | 10.49 | 13.79 | 0.42 | - | - |
| AIO | 3.57 | -2.25 | 6.65 | 34.37 | -2.44 | 15.11 | 28.28 | 0.35 | - | - |
| AIO | 3.57 | -2.25 | 6.65 | 34.75 | -2.44 | 15.17 | 29.76 | 1.41 | - | - |
| BCAT | 1.18 | -4.55 | 2.81 | 18.27 | -6.50 | 6.76 | 13.58 | -3.08 | - | - |
| BCAT | 1.18 | -4.55 | 2.78 | 18.40 | -6.50 | 6.75 | 14.34 | -2.42 | - | - |
| TBLD | 0.32 | -3.69 | -0.30 | 16.67 | -3.87 | 2.24 | 7.19 | - | - | - |
| TBLD | 0.32 | -3.69 | -0.32 | 16.72 | -3.87 | 2.23 | 7.60 | - | - | - |
| ECAT | 0.87 | -5.55 | 0.12 | 21.37 | -5.88 | 4.09 | 16.05 | - | - | - |
| ECAT | 0.87 | -5.55 | 0.04 | 21.37 | -5.88 | 4.01 | 16.76 | - | - | - |
| NMAI | 1.37 | -3.82 | 1.32 | 18.91 | -4.82 | -0.49 | 12.39 | - | - | - |
| NMAI | 1.37 | -3.82 | 1.16 | 18.71 | -4.82 | -0.64 | 12.84 | - | - | - |
| GUG | 2.61 | -0.62 | 1.61 | 18.13 | -0.28 | 2.49 | 13.86 | - | - | - |
| GUG | 2.61 | -0.62 | 1.62 | 18.28 | -0.28 | 2.52 | 14.71 | - | - | - |
| DMA | 1.12 | -7.06 | 5.69 | 20.67 | -7.42 | 16.21 | 28.20 | - | - | - |
| DMA | 1.12 | -7.06 | 5.69 | 20.67 | -7.42 | 16.21 | 28.92 | - | - | - |
NAV Total Return (%) - Dividends
| 1 Week | 1 Month | 3 Month | 6 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| FOF | 1.36 | -0.82 | 5.64 | 20.89 | -1.34 | 6.54 | 14.35 | 1.17 | 4.45 | 3.97 |
| FOF | 1.36 | -0.82 | 5.66 | 21.10 | -1.34 | 6.60 | 15.26 | 1.89 | 5.57 | 5.73 |
| NIE | 2.56 | -2.16 | 4.21 | 20.13 | -2.20 | 5.18 | 20.09 | 1.18 | 9.01 | 7.00 |
| NIE | 2.56 | -2.16 | 4.17 | 20.21 | -2.20 | 5.13 | 20.81 | 2.53 | 10.62 | 9.44 |
| CSQ | 3.13 | -3.15 | 4.89 | 27.22 | -3.20 | 7.57 | 24.16 | 4.23 | 11.00 | 8.16 |
| CSQ | 3.13 | -3.13 | 4.90 | 27.48 | -3.19 | 7.58 | 25.21 | 5.43 | 13.02 | 11.43 |
| ZTR | 0.84 | -3.50 | 0.65 | 13.67 | -3.80 | -3.86 | -6.00 | -2.90 | 1.18 | 1.36 |
| ZTR | 0.84 | -3.50 | 0.62 | 13.64 | -3.80 | -3.89 | -5.95 | -3.48 | 0.96 | 1.76 |
| CGO | 4.12 | -1.50 | 10.29 | 28.89 | -1.58 | 11.59 | 19.84 | -2.66 | 6.59 | 4.57 |
| CGO | 4.12 | -1.48 | 10.34 | 29.33 | -1.56 | 11.64 | 21.10 | -1.86 | 8.05 | 6.97 |
| GLV | 2.19 | -1.75 | 4.49 | 17.84 | -2.04 | 6.81 | 5.06 | -7.59 | -1.07 | 0.69 |
| GLV | 2.19 | -1.75 | 4.49 | 18.06 | -2.04 | 6.85 | 5.80 | -7.99 | -1.68 | 0.44 |
| GLO | 3.59 | -0.84 | 6.42 | 23.75 | -0.84 | 8.54 | 15.45 | -13.40 | 0.31 | 1.51 |
| GLO | 3.59 | -0.84 | 6.44 | 24.05 | -0.84 | 8.62 | 16.47 | -13.95 | -0.56 | 1.59 |
| SCD | 2.45 | -2.60 | 4.03 | 23.09 | -2.95 | 4.96 | 21.61 | 8.81 | 7.75 | 4.21 |
| SCD | 2.45 | -2.60 | 4.01 | 23.23 | -2.95 | 4.98 | 22.67 | 10.13 | 10.02 | 6.78 |
| CHW | 3.87 | -1.48 | 9.63 | 27.53 | -1.48 | 10.45 | 20.03 | -2.46 | 6.05 | 4.12 |
| CHW | 3.87 | -1.47 | 9.68 | 27.93 | -1.47 | 10.49 | 21.19 | -1.64 | 7.46 | 6.46 |
| RIV | 0.66 | -2.77 | 1.34 | 15.92 | -3.30 | 2.79 | 11.87 | 1.66 | 4.66 | - |
| RIV | 0.66 | -2.77 | 1.31 | 15.99 | -3.30 | 2.76 | 12.69 | 2.61 | 6.33 | - |
| CPZ | 0.33 | 1.51 | 4.13 | 14.97 | 1.23 | 6.11 | 11.26 | 0.10 | - | - |
| CPZ | 0.33 | 1.52 | 4.20 | 15.23 | 1.24 | 6.18 | 11.94 | 0.69 | - | - |
| AIO | 3.48 | -2.25 | 3.90 | 23.78 | -2.30 | 7.21 | 21.85 | 0.19 | - | - |
| AIO | 3.48 | -2.25 | 3.89 | 23.95 | -2.30 | 7.21 | 22.84 | 1.02 | - | - |
| BCAT | 1.51 | -1.52 | 3.79 | 13.68 | -1.58 | 4.29 | 11.50 | -0.23 | - | - |
| BCAT | 1.51 | -1.52 | 3.79 | 13.81 | -1.58 | 4.32 | 12.07 | 0.26 | - | - |
| TBLD | 0.96 | -1.61 | 1.23 | 13.25 | -1.66 | 1.64 | 10.40 | - | - | - |
| TBLD | 0.96 | -1.60 | 1.24 | 13.33 | -1.66 | 1.66 | 10.78 | - | - | - |
| ECAT | 2.18 | -2.48 | 3.30 | 18.05 | -2.43 | 4.76 | 13.77 | - | - | - |
| ECAT | 2.18 | -2.48 | 3.29 | 18.17 | -2.43 | 4.77 | 14.40 | - | - | - |
| NMAI | 1.51 | -2.53 | 1.76 | 14.45 | -2.53 | 0.73 | 8.47 | - | - | - |
| NMAI | 1.51 | -2.53 | 1.69 | 14.38 | -2.53 | 0.65 | 8.78 | - | - | - |
| GUG | 0.49 | -1.21 | 0.88 | 11.40 | -1.27 | 0.81 | 10.42 | - | - | - |
| GUG | 0.49 | -1.21 | 0.88 | 11.44 | -1.27 | 0.81 | 10.89 | - | - | - |
| DMA | 2.00 | -0.44 | 1.36 | 8.32 | 1.17 | 0.45 | 5.86 | - | - | - |
| DMA | 2.00 | -0.44 | 1.36 | 8.32 | 1.17 | 0.45 | 5.93 | - | - | - |
| Top Holdings (%) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Clarion Lion Industrial Trust | 12.6% | |||||||
| Canyon CLO Fund III L.P. | 11.1% | |||||||
| Canyon CLO Fund II L.P. | 7.3% | |||||||
| Aventine Property Group, Inc. | 5.8% | |||||||
| Preservation REIT | 5.5% | |||||||
| Treehouse Real Estate Investment Trust, Inc. | 4.4% | |||||||
| Healthcare Trust, Inc. | 4.2% | |||||||
| NewLake Capital Partners, Inc. | 3.7% | |||||||
| GoSite Inc. LLC | 3.5% | |||||||
| alwaysAI, Inc. | 3.5% | |||||||
| Top 10 Holdings | 61.39% | |||||||
| # Portfolio Holdings | 123 | |||||||
| Export Full Holdings | ||||||||
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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.
The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.
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