# EDGAR Filing Document

**Accession Number:** 0001492374
**File Stem:** 0001752724-25-212803
**Filing Date:** 2025-8
**Character Count:** 109545
**Document Hash:** 7f1b008eb8ffd96165dc03f5ee76c888
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-212803.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001752724-25-212803

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Destra Investment Trust
- **CENTRAL INDEX KEY:** 0001492374

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22417
- **FILM NUMBER:** 251279814

**BUSINESS ADDRESS:**
- **STREET 1:** 443 N. WILLSON AVE.
- **CITY:** BOZEMAN
- **STATE:** MT
- **ZIP:** 59715
- **BUSINESS PHONE:** 877-855-3434

**MAIL ADDRESS:**
- **STREET 1:** 443 N. WILLSON AVE.
- **CITY:** BOZEMAN
- **STATE:** MT
- **ZIP:** 59715

## Series and Classes Contracts Data

### Destra Flaherty & Crumrine Preferred and Income Fund (Series ID: S000055298)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000174035 | Class A      | DPIAX           |
| C000174036 | Class C      | DPICX           |
| C000174037 | Class I      | DPIIX           |

## Nport-Ex

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments** |
| **As of June 30, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings** | **Value** |
|  | **PREFERRED SECURITIES - 71.8%** |  |  |
|  | **BANKS - 28.4%** |  |  |
| 575000 | American AgCredit Corp., 5.250% to 06/15/26 then USD 5 Year Tsy + 4.500%, Series A<sup>(1)(2)</sup> | BB+<sup>(3)</sup> | $557750 |
| 1030000 | Capital One Financial Corp., 3.950% to 09/01/26 then USD 5 Year Tsy + 3.157%, Series M<sup>(2)</sup> | Baa3 | 1010410 |
|  | Citigroup, Inc. |  |  |
| 300000 | &nbsp;&nbsp;&nbsp;4.000% to 12/10/25 then USD 5 Year Tsy + 3.597%, Series W<sup>(2)</sup> | Ba1 | 298702 |
| 1575000 | &nbsp;&nbsp;&nbsp;4.150% to 11/15/26 then USD 5 Year Tsy + 3.000%, Series Y<sup>(2)</sup> | Ba1 | 1536181 |
| 1405000 | &nbsp;&nbsp;&nbsp;6.750% to 02/15/30 then USD 5 Year Tsy + 2.572% Series EE<sup>(2)</sup> | Ba1 | 1418925 |
| 630000 | &nbsp;&nbsp;&nbsp;6.950% to 02/15/30 then USD 5 Year Tsy + 2.726% Series FF<sup>(2)</sup> | Ba1 | 645409 |
| 875000 | &nbsp;&nbsp;&nbsp;7.000% to 08/15/34 then USD 10 Year Tsy + 2.757%, Series DD<sup>(2)</sup> | Ba1 | 920934 |
| 890000 | &nbsp;&nbsp;&nbsp;7.125% to 08/15/29 then USD 5 Year Tsy + 2.693%, Series CC<sup>(2)</sup> | Ba1 | 919562 |
| 1230000 | &nbsp;&nbsp;&nbsp;7.375% to 05/15/28 then USD 5 Year Tsy + 3.209%, Series Z<sup>(2)</sup> | Ba1 | 1294955 |
| 1200000 | &nbsp;&nbsp;&nbsp;7.625% to 11/15/28 then USD 5 Year Tsy + 3.211%, Series AA<sup>(2)</sup> | Ba1 | 1265976 |
| 25700 | Citizens Financial Group, Inc., 7.375%, Series H<sup>(2)</sup> | Baa3 | 666658 |
|  | CoBank ACB |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;6.250% to 10/01/26 then 3-Month CME Term SOFR + 4.922%, Series I<sup>(1)(2)</sup> | BBB+<sup>(3)</sup> | 502111 |
| 420000 | &nbsp;&nbsp;&nbsp;7.125% to 01/01/30 then USD 5 Year Tsy + 2.818% Series M <sup>(1)(2)</sup> | BBB+<sup>(3)</sup> | 430173 |
| 5230000 | Comerica, Inc., 5.625% to 10/01/25 then USD 5 Year Tsy + 5.291%, Series A<sup>(2)</sup> | Ba1 | 5230000 |
| 250000 | Compeer Financial ACA, 4.875% to 08/15/26 then USD 5 Year Tsy + 4.100%, Series B-1<sup>(1)(2)</sup> | BB+<sup>(3)</sup> | 241250 |
| 42300 | ConnectOne Bancorp, Inc., 5.250% to 09/01/26 then USD 5 Year Tsy + 4.420%, Series A<sup>(2)</sup> | NR<sup>(4)</sup> | 956403 |
| 36000 | Dime Community Bancshares, Inc., 5.500%, Series A<sup>(2)</sup> | NR<sup>(4)</sup> | 687600 |
| 17822 | First Horizon Corp., 6.500%, Series E<sup>(2)</sup> | Ba2 | 423273 |
| 165623 | Flagstar Financial Inc., 6.375% to 03/17/27 then 3-Month USD Libor + 3.821%, Series A<sup>(2)</sup> | B3 | 3413490 |
|  | Goldman Sachs Group, Inc. |  |  |
| 1600000 | &nbsp;&nbsp;&nbsp;4.125% to 11/10/26 then USD 5 Year Tsy + 2.949%, Series V<sup>(2)</sup> | Ba1 | 1566875 |
| 640000 | &nbsp;&nbsp;&nbsp;6.125% to 11/10/34 then USD 10 Year Tsy + 2.400%, Series Y<sup>(2)</sup> | Ba1 | 642744 |
| 395000 | &nbsp;&nbsp;&nbsp;6.850% to 02/10/30 then USD 5 Year Tsy + 2.461%, Series Z<sup>(2)</sup> | Ba1 | 408700 |
| 1120000 | &nbsp;&nbsp;&nbsp;7.500% to 05/10/29 then USD 5 Year Tsy + 2.809%, Series X<sup>(2)</sup> | Ba1 | 1181626 |
| 2500000 | &nbsp;&nbsp;&nbsp;7.560% to 02/10/30 then USD 5 Year Tsy + 3.224%, Series R<sup>(2)</sup> | Ba1 | 2511868 |
| 925000 | &nbsp;&nbsp;&nbsp;7.186% to 02/10/30 then USD 5 Year Tsy + 2.850%, Series S<sup>(2)</sup> | Ba1 | 930195 |
|  | Huntington Bancshares, Inc. |  |  |
| 355000 | &nbsp;&nbsp;&nbsp;4.450% to 10/15/27 then USD 7 Year Tsy + 4.045%, Series G<sup>(2)</sup> | Baa3 | 350260 |
| 1050000 | &nbsp;&nbsp;&nbsp;5.625% to 07/15/30 then USD 10 Year Tsy + 4.945%, Series F<sup>(2)</sup> | Baa3 | 1069316 |
| 34400 | &nbsp;&nbsp;&nbsp;6.876% to 04/15/28 then USD 5 Year Tsy + 2.704%, Series J<sup>(2)</sup> | Baa3 | 850024 |
|  | KeyCorp |  |  |
| 24728 | &nbsp;&nbsp;&nbsp;6.125% to 12/15/26 then 3-Month CME Term SOFR + 4.154%, Series E<sup>(2)</sup> | Ba1 | 603363 |
| 45785 | &nbsp;&nbsp;&nbsp;6.200% to 12/15/27 then USD 5 Year Tsy + 3.132%, Series H<sup>(2)</sup> | Ba1 | 1107539 |
|  | M&T Bank Corp. |  |  |
| 650000 | &nbsp;&nbsp;&nbsp;3.500% to 09/01/26 then USD 5 Year Tsy + 2.679%, Series I<sup>(2)</sup> | Baa3 | 629347 |
| 96311 | &nbsp;&nbsp;&nbsp;5.625% to 12/15/26 then 3-Month CME Term SOFR + 4.282%, Series H<sup>(2)</sup> | Baa3 | 2454967 |
| 14000 | Morgan Stanley, 6.625%, Series Q<sup>(2)</sup> | Baa3 | 361900 |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of June 30, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings** | **Value** |
|  | **PREFERRED SECURITIES (continued)** |  |  |
|  | **BANKS (continued)** |  |  |
|  | PNC Financial Services Group, Inc. |  |  |
| 476000 | &nbsp;&nbsp;&nbsp;3.400% to 09/15/26 then USD 5 Year Tsy + 2.595%, Series T<sup>(2)</sup> | Baa2 | $459617 |
| 2135000 | &nbsp;&nbsp;&nbsp;6.000% to 05/15/27 then USD 5 Year Tsy + 3.000%, Series U<sup>(2)</sup> | Baa2 | 2157552 |
| 610000 | &nbsp;&nbsp;&nbsp;6.200% to 09/15/27 then USD 5 Year Tsy + 3.238%, Series V<sup>(2)</sup> | Baa2 | 623047 |
| 1800000 | &nbsp;&nbsp;&nbsp;6.250% to 03/15/30 then USD 7 Year Tsy + 2.808%, Series W<sup>(2)</sup> | Baa2 | 1847857 |
|  | Regions Financial Corp. |  |  |
| 90500 | &nbsp;&nbsp;&nbsp;5.700% to 08/15/29 then 3-Month CME Term SOFR + 3.410%, Series C<sup>(2)</sup> | Baa3 | 2160235 |
| 89000 | &nbsp;&nbsp;&nbsp;6.950% to 09/15/29 then USD 5 Year Tsy + 2.771%, Series F<sup>(2)</sup> | Baa3 | 2211650 |
| 700000 | State Street Corp., 6.700% to 03/15/29 then USD 5 Year Tsy + 2.613%, Series I<sup>(2)</sup> | Baa1 | 731133 |
|  | Synchrony Financial |  |  |
| 46000 | &nbsp;&nbsp;&nbsp;5.625%, Series A<sup>(2)</sup> | BB-<sup>(3)</sup> | 846400 |
| 44600 | &nbsp;&nbsp;&nbsp;8.250% to 05/15/29 then USD 5 Year Tsy + 4.044%, Series B<sup>(2)</sup> | BB-<sup>(3)</sup> | 1107864 |
| 127922 | Synovus Financial Corp., 8.397% to 07/01/29 then USD 5 Year Tsy + 4.127%, Series E<sup>(2)</sup> | BB-<sup>(3)</sup> | 3270966 |
| 32043 | Texas Capital Bancshares, Inc., 5.750%, Series B<sup>(2)</sup> | Ba2 | 680914 |
| 1098000 | Truist Financial Corp., 6.669% to 09/01/29 then USD 5 Year Tsy + 3.003%, Series N<sup>(2)</sup> | Baa3 | 1102914 |
| 34400 | UMB Financial Corporation, 7.750% to 07/15/30 then USD 5 Year Tsy + 3.743%, Series B<sup>(2)</sup> | Baa3 | 892336 |
|  | Valley National Bancorp |  |  |
| 30345 | &nbsp;&nbsp;&nbsp;6.250% to 06/30/25 then 3-Month CME Term SOFR + 4.112%, Series A<sup>(2)</sup> | BB-<sup>(3)</sup> | 741328 |
| 2022 | &nbsp;&nbsp;&nbsp;8.135%, 3-Month CME Term SOFR + 3.840%, Series B<sup>(2)(8)</sup> | BB-<sup>(3)</sup> | 49397 |
| 6100 | &nbsp;&nbsp;&nbsp;8.250% to 09/30/29 then USD 5 Year Tsy + 4.182%, Series C<sup>(2)</sup> | BB-<sup>(3)</sup> | 150243 |
| 20300 | WaFd, Inc., 4.875%, Series A<sup>(2)</sup> | Ba1 | 313432 |
| 267 | Wells Fargo & Co., 7.500%, Series L<sup>(2)(5)</sup> | Baa2 | 313493 |
| 43200 | WesBanco, Inc., 6.750% to 11/15/25 then USD 5 Year Tsy + 6.557%, Series A<sup>(2)</sup> | NR<sup>(4)</sup> | 1090800 |
| 12900 | Western Alliance Bancorp, 4.250% to 09/30/26 then USD 5 Year Tsy + 3.452%, Series A<sup>(2)</sup> | Ba2 | 281478 |
|  | Wintrust Financial Corp. |  |  |
| 48500 | &nbsp;&nbsp;&nbsp;6.875% to 07/15/25 then USD 5 Year Tsy + 6.507%, Series E<sup>(2)</sup> | BB<sup>(6)</sup> | 1230930 |
| 23800 | &nbsp;&nbsp;&nbsp;7.875% to 07/15/30 then USD 5 Year Tsy + 3.878%, Series F<sup>(2)</sup> | BB<sup>(6)</sup> | 609280 |
|  |  |  | **59961352** |
|  | **FINANCIAL SERVICES - 3.3%** |  |  |
|  | AerCap Ireland Capital DAC / AerCap Global Aviation Trust |  |  |
| 440000 | &nbsp;&nbsp;&nbsp;6.500% to 01/31/31 then USD 5 Year Tsy + 2.441%, 01/31/56<sup>(1)</sup> | Baa2 | 438965 |
| 860000 | &nbsp;&nbsp;&nbsp;6.950% to 03/10/30 then USD 5 Year Tsy + 2.720%, 03/10/55 | Baa2 | 894771 |
| 21200 | Affiliated Managers Group, Inc., 6.750%, 03/30/64 | Baa1 | 493112 |
|  | Ally Financial, Inc. |  |  |
| 1220000 | &nbsp;&nbsp;&nbsp;4.700% to 05/15/26 then USD 5 Year Tsy + 3.868%, Series B<sup>(2)</sup> | Ba2 | 1179837 |
| 800000 | &nbsp;&nbsp;&nbsp;4.700% to 05/15/28 then USD 7 Year Tsy + 3.481%, Series C<sup>(2)</sup> | Ba2 | 719478 |
| 1150000 | Charles Schwab Corp., 4.000% to 06/01/26 then USD 5 Year Tsy + 3.168%, Series I<sup>(2)</sup> | Baa2 | 1134153 |
|  | General Motors Financial Co., Inc. |  |  |
| 725000 | &nbsp;&nbsp;&nbsp;5.700% to 09/30/30 then USD 5 Year Tsy + 4.997%, Series C<sup>(2)</sup> | Ba1 | 714797 |
| 330000 | &nbsp;&nbsp;&nbsp;5.750% to 09/30/27 then 3-Month USD Libor + 3.598%, Series A<sup>(2)</sup> | Ba1 | 325499 |
| 600000 | &nbsp;&nbsp;&nbsp;6.500% to 09/30/28 then 3-Month USD Libor + 3.436%, Series B<sup>(2)</sup> | Ba1 | 591362 |
| 17784 | Stifel Financial Corp., 4.500%, Series D<sup>(2)</sup> | BB<sup>(3)</sup> | 301083 |
| 4494 | TPG Operating Group II LP, 6.950%, 03/15/64 | Baa1 | 113384 |
|  |  |  | **6906441** |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of June 30, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings** | **Value** |
|  | **PREFERRED SECURITIES (continued)** |  |  |
|  | **INSURANCE - 19.3%** |  |  |
| 1387000 | American International Group, Inc., 8.175% to 05/15/38 then 3-Month USD Libor + 4.195%, 05/15/58, Series A-6 | Baa2 | $1540303 |
| 24260 | American National Group, Inc., 6.625% to 09/01/25 then USD 5 Year Tsy + 6.297%, Series B<sup>(2)</sup> | BB+<sup>(3)</sup> | 608926 |
| 25000 | Aspen Insurance Holdings, Ltd., 5.625%<sup>(2)</sup> | Ba1 | 491250 |
|  | Athene Holding, Ltd. |  |  |
| 25200 | &nbsp;&nbsp;&nbsp;4.875%, Series D<sup>(2)</sup> | Baa3 | 430920 |
| 147374 | &nbsp;&nbsp;&nbsp;6.350% to 06/30/29 then 3-Month USD Libor + 4.253%, Series A<sup>(2)</sup> | Baa3 | 3562030 |
| 27440 | &nbsp;&nbsp;&nbsp;7.250% to 03/30/29 then USD 5 Year Tsy + 2.986%, 03/30/64 | Baa2 | 683256 |
| 15000 | CNO Financial Group, Inc., 5.125%, 11/25/60 | Ba1 | 258450 |
| 620000 | Corebridge Financial, Inc., 6.375% to 09/15/34 then USD 5 Year Tsy + 2.646%, 09/15/54<sup>(1)</sup> | Baa3 | 619316 |
| 540000 | CVS Health Corporation 7.000%, to 03/10/30 then USD 5 Year Tsy + 2.886%, 03/10/55, Series A | Ba1 | 558219 |
| 131885 | Delphi Financial Group, Inc., 7.778%, 3-Month CME Term SOFR + 3.452%, 05/15/37<sup>(8)</sup> | BBB<sup>(3)</sup> | 3214697 |
| 670000 | Enstar Finance LLC, 5.500% to 01/15/27 then USD 5 Year Tsy + 4.006%, 01/15/42 | BBB-<sup>(3)</sup> | 660392 |
|  | Enstar Group, Ltd. |  |  |
| 45400 | &nbsp;&nbsp;&nbsp;7.000% to 09/01/28 then 3-Month CME Term SOFR + 4.277%, Series D<sup>(2)</sup> | BBB-<sup>(3)</sup> | 912994 |
| 825000 | &nbsp;&nbsp;&nbsp;7.500% to 04/01/35 then USD 5 Year Tsy + 3.186%, 04/01/45<sup>(1)</sup> | BBB-<sup>(3)</sup> | 850266 |
| 500000 | Equitable Holdings, Inc., 6.700% to 03/28/35 then USD 5 Year Tsy + 2.390%, 03/28/55 | Baa2 | 512436 |
| 196000 | Everest Reinsurance Holdings, Inc., 6.973%, 3-Month CME Term SOFR + 2.647%, 05/15/37<sup>(8)</sup> | Baa2 | 193659 |
| 18800 | F&G Annuities & Life, Inc., 7.300%, 01/15/65 | Ba1 | 457968 |
| 465000 | Fortegra Group, Inc. 9.250% to 11/15/34 then USD 5 Year Tsy + 8.720% 11/15/64<sup>(1)</sup> | NR<sup>(4)</sup> | 461513 |
|  | Global Atlantic Fin Co. |  |  |
| 1370000 | &nbsp;&nbsp;&nbsp;4.700% to 10/15/26 then USD 5 Year Tsy + 3.796%, 10/15/51<sup>(1)</sup> | Baa3 | 1345171 |
| 585000 | &nbsp;&nbsp;&nbsp;7.950% to 10/15/29 then USD 5 Year Tsy + 3.608%, 10/15/54<sup>(1)</sup> | Baa3 | 610219 |
| 12500 | Jackson Financial, Inc., 8.000% to 03/30/28 then USD 5 Year Tsy + 3.728%, Series A<sup>(2)</sup> | Ba2 | 316500 |
| 875000 | Kuvare U.S. Holdings, Inc., 7.000% to 05/01/26 then USD 5 Year Tsy + 6.541%, 02/17/51, Series A<sup>(1)</sup> | NR<sup>(4)</sup> | 874686 |
|  | Liberty Mutual Group, Inc. |  |  |
| 830000 | &nbsp;&nbsp;&nbsp;4.125% to 12/15/26 then USD 5 Year Tsy + 3.315%, 12/15/51<sup>(1)</sup> | Baa3 | 808550 |
| 6903000 | &nbsp;&nbsp;&nbsp;7.800% to 03/15/37 then 3-Month CME Term SOFR + 3.838%, 03/15/37<sup>(1)</sup> | Baa3 | 8031046 |
|  | Lincoln National Corp. |  |  |
| 15900 | &nbsp;&nbsp;&nbsp;9.000%, Series D<sup>(2)</sup> | Ba1 | 423099 |
| 400000 | &nbsp;&nbsp;&nbsp;9.250% to 03/01/28 then USD 5 Year Tsy + 5.318%, Series C<sup>(2)</sup> | Ba1 | 436944 |
|  | MetLife, Inc. |  |  |
| 1605000 | &nbsp;&nbsp;&nbsp;9.250% to 04/08/38 then 3-Month CME Term SOFR + 5.802%, 04/08/38<sup>(1)</sup> | Baa2 | 1906329 |
| 1591000 | &nbsp;&nbsp;&nbsp;10.750% to 08/01/39 then 3-Month CME Term SOFR + 7.810%, 08/01/39 | Baa2 | 2134470 |
| 23498 | PartnerRe Ltd., 4.875%, Series J<sup>(2)</sup> | Baa2 | 402991 |
| 4500000 | Provident Financing Trust I, 7.405%, 03/15/38 | Baa3 | 4823493 |
| 235000 | Reinsurance Group of America, Inc., 6.650% to 09/15/35 then USD 5 Year Tsy + 2.392%, 09/15/55 | Baa2 | 234384 |
|  | SBL Holdings, Inc. |  |  |
| 1275000 | &nbsp;&nbsp;&nbsp;6.500% to 11/13/26 then USD 5 Year Tsy + 5.620%, Series B<sup>(1)(2)</sup> | BB<sup>(3)</sup> | 1171966 |
| 1175000 | &nbsp;&nbsp;&nbsp;9.508%, USD 5 Year Tsy + 5.580%, Series A<sup>(1)(2)</sup> | BB<sup>(3)</sup> | 1179423 |
|  |  |  | **40715866** |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of June 30, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings** | **Value** |
|  | **PREFERRED SECURITIES (continued)** |  |  |
|  | **UTILITIES - 11.7%** |  |  |
| 695000 | AES Corp., 7.600% to 01/15/30 then USD 5 Year Tsy + 3.201%, 01/15/55 | Ba1 | $718785 |
|  | Algonquin Power & Utilities Corp. |  |  |
| 1500000 | &nbsp;&nbsp;&nbsp;4.750% to 04/18/27 then USD 5 Year Tsy + 3.249%, 01/18/82, Series 2022-B | BB+<sup>(3)</sup> | 1463270 |
| 40895 | &nbsp;&nbsp;&nbsp;8.569%, 3-Month CME Term SOFR + 4.272%, 07/01/79, Series 2019-A<sup>(8)</sup> | BB+<sup>(3)</sup> | 1028918 |
| 535000 | AltaGas, Ltd., 7.200% to 10/15/34 then USD 5 Year Tsy + 3.573%, 10/15/54<sup>(1)</sup> | BB<sup>(3)</sup> | 536456 |
| 1070000 | American Electric Power., Inc., 3.875% to 02/15/27 then USD 5 Year Tsy + 2.675%, 02/15/62 | Baa3 | 1027887 |
|  | Dominion Energy, Inc. |  |  |
| 725000 | &nbsp;&nbsp;&nbsp;4.350% to 04/15/27 then USD 5 Year Tsy + 3.195%, Series C<sup>(2)</sup> | Ba1 | 713585 |
| 865000 | &nbsp;&nbsp;&nbsp;6.625%, to 05/15/35 then USD 5 Year Tsy + 2.207%, 05/15/55 Series C | Baa3 | 880041 |
|  | Edison International |  |  |
| 1775000 | &nbsp;&nbsp;&nbsp;5.000% to 03/15/27 then USD 5 Year Tsy + 3.901%, Series B<sup>(2)</sup> | Ba1 | 1533979 |
| 490000 | &nbsp;&nbsp;&nbsp;5.375% to 03/15/26 then USD 5 Year Tsy + 4.698%, Series A<sup>(2)</sup> | Ba1 | 462571 |
| 2806000 | Emera, Inc., 6.750% to 06/15/26 then 3-Month USD Libor + 5.440%, 06/15/76, Series 2016-A | Ba2 | 2829436 |
| 960000 | Entergy Corp., 7.125% to 12/01/29 then USD 5 Year Tsy + 2.670%, 12/01/54 | Baa3 | 995905 |
| 1025000 | EUSHI Finance, Inc., 7.625% to 12/19/29 then USD 5 Year Tsy + 3.136%, 12/15/54 | Ba1 | 1063737 |
| 670000 | Evergy, Inc. 6.650% to 06/01/30 then USD 5 Year Tsy + 2.558%, 06/01/55 | Baa3 | 679353 |
| 187000 | Nevada Power Company, 6.250% to 05/15/30 then USD 5 Year Tsy + 1.936%, 05/15/55 | Baa2 | 186561 |
| 355000 | NextEra Energy Capital Holdings, Inc., 6.700% to 09/01/29 then USD 5 Year Tsy + 2.364%, 09/01/54, Series Q | Baa2 | 366769 |
| 605000 | Northwest Natural Holding Company, 7.000% to 09/15/35 then USD 5 Year Tsy + 2.701%, 09/15/55 | BBB<sup>(3)</sup> | 612359 |
| 16405 | SCE Trust IV, 5.375% to 09/15/25 then 3-Month CME Term SOFR + 3.394%, Series J<sup>(2)</sup> | Baa3 | 369769 |
| 121730 | SCE Trust V, 5.450% to 03/15/26 then 3-Month CME Term SOFR + 4.052%, Series K<sup>(2)</sup> | Baa3 | 2775444 |
| 39010 | SCE Trust VI, 5.000%, Series L<sup>(2)</sup> | Baa3 | 624160 |
| 19500 | SCE Trust VII, 7.500%, Series M<sup>(2)</sup> | Baa3 | 433290 |
| 20500 | SCE Trust VIII, 6.950%, Series N<sup>(2)</sup> | Baa3 | 439110 |
|  | Sempra |  |  |
| 1450000 | &nbsp;&nbsp;&nbsp;4.125% to 04/01/27 then USD 5 Year Tsy + 2.868%, 04/01/52 | Baa3 | 1397871 |
| 1300000 | &nbsp;&nbsp;&nbsp;4.875% to 10/15/25 then USD 5 Year Tsy + 4.550%, Series C<sup>(2)</sup> | Ba1 | 1297107 |
| 620000 | &nbsp;&nbsp;&nbsp;6.400% to 10/01/34 then USD 5 Year Tsy + 2.632%, 10/01/54 | Baa3 | 590133 |
| 1570000 | &nbsp;&nbsp;&nbsp;6.875% to 10/01/29 then USD 5 Year Tsy + 2.789%, 10/01/54 | Baa3 | 1583789 |
| 175000 | Vistra Corp., 7.000% to 12/15/26 then USD 5 Year Tsy + 5.740%, Series B<sup>(1)(2)</sup> | Ba3 | 177219 |
|  |  |  | **24787504** |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of June 30, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings** | **Value** |
|  | **PREFERRED SECURITIES (continued)** |  |  |
|  | **ENERGY - 3.4%** |  |  |
|  | Enbridge, Inc. |  |  |
| 340000 | &nbsp;&nbsp;&nbsp;5.750% to 07/15/30 then USD 5 Year Tsy + 5.314%, 07/15/80, Series 2020-A | Ba1 | $339414 |
| 1252000 | &nbsp;&nbsp;&nbsp;6.000% to 01/15/27 then 3-Month CME Term SOFR + 4.152%, 01/15/77, Series 2016-A | Ba1 | 1253415 |
| 1460000 | &nbsp;&nbsp;&nbsp;7.375% to 03/15/30 then USD 5 Year Tsy + 3.122%, 03/15/55, Series A | Baa3 | 1517575 |
| 725000 | &nbsp;&nbsp;&nbsp;8.500% to 01/15/34 then USD 5 Year Tsy + 4.431%, 01/15/84, Series 2023-B | Ba1 | 809136 |
| 1387000 | Energy Transfer LP, 7.125% to 05/15/30 then USD 5 Year Tsy + 5.306%, Series G<sup>(2)</sup> | Ba1 | 1416216 |
| 505000 | South Bow Canadian Infrastructure Holdings, Ltd., 7.500% to 03/01/35 then USD 5 Year Tsy + 3.667%, 03/01/55<sup>(1)</sup> | Ba1 | 521489 |
| 1350000 | Transcanada Trust, 5.875% to 08/15/26 then 3-Month USD Libor + 4.640%, 08/15/76, Series 2016-A | Ba1 | 1357696 |
|  |  |  | **7214941** |
|  | **COMMUNICATIONS - 1.7%** |  |  |
| 740000 | Bell Canada, 7.000% to 09/15/35 then USD 5 Year Tsy + 2.363%, 09/15/55 | Baa3 | 752429 |
| 1720000 | Paramount Global, 6.375% to 03/30/27 then USD 5 Year Tsy + 3.999%, 03/30/62 | Ba1 | 1689439 |
| 560000 | Rogers Communications, Inc., 7.125% to 04/15/35 then USD 5 Year Tsy + 2.620%, 04/15/55 | Ba1 | 567906 |
| 390000 | TELUS Corporation, 7.000% to 10/15/35 then USD 5 Year Tsy + 2.709%, 10/15/55, Series B | Baa3 | 394029 |
| 225000 | Vodafone Group PLC, 7.000% to 04/04/29 then USD 5 Year Swap + 4.873%, 04/04/79 | Ba1 | 234727 |
|  |  |  | **3638530** |
|  | **REITS - 2.0%** |  |  |
|  | Arbor Realty Trust, Inc. |  |  |
| 68190 | &nbsp;&nbsp;&nbsp;6.250% to 10/30/26 then 3-Month CME Term SOFR + 5.440%, Series F<sup>(2)</sup> | NR<sup>(4)</sup> | 1384939 |
| 10859 | &nbsp;&nbsp;&nbsp;6.375%, Series D<sup>(2)</sup> | NR<sup>(4)</sup> | 185580 |
| 87394 | KKR Real Estate Finance Trust, Inc., 6.500%, Series A<sup>(2)</sup> | NR<sup>(4)</sup> | 1765359 |
| 26000 | New York Mortgage Trust, Inc., 6.875% to 10/15/26 then 3-Month CME Term SOFR + 6.130%, Series F<sup>(2)</sup> | NR<sup>(4)</sup> | 549900 |
| 20598 | TPG RE Finance Trust, Inc., 6.250%, Series C<sup>(2)</sup> | NR<sup>(4)</sup> | 352226 |
|  |  |  | **4238004** |
|  | **MISCELLANEOUS - 2.0%** |  |  |
| 700000 | FMC Corporation, 8.450% to 11/01/30 then USD 5 Year Tsy + 4.366%, 11/01/55 | Ba1 | 716122 |
|  | Land O' Lakes, Inc. |  |  |
| 700000 | &nbsp;&nbsp;&nbsp;7.250%, Series B<sup>(1)(2)</sup> | BB<sup>(3)</sup> | 605296 |
| 3115000 | &nbsp;&nbsp;&nbsp;8.000%, Series A<sup>(1)(2)</sup> | BB<sup>(3)</sup> | 2998188 |
|  |  |  | **4319606** |
|  | **TOTAL PREFERRED SECURITIES** (Cost $155,392,697) |  | **151782244** |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of June 30, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings** | **Value** |
|  | **CONTINGENT CAPITAL SECURITIES - 25.7%** |  |  |
|  | **BANKS - 25.7%** |  |  |
| 1407000 | Australia & New Zealand Banking Group, Ltd., 6.750% to 06/15/26 then USD 5 Year Swap + 5.168%<sup>(1)(2)</sup> | Baa2 | $1425577 |
|  | Banco Bilbao Vizcaya Argentaria SA |  |  |
| 2600000 | &nbsp;&nbsp;&nbsp;6.125% to 11/16/27 then USD 5 Year Swap + 3.870%<sup>(2)</sup> | Ba2 | 2553173 |
| 1000000 | &nbsp;&nbsp;&nbsp;9.375% to 09/19/29 then USD 5 Year Tsy + 5.099%, Series 12<sup>(2)</sup> | Ba2 | 1106094 |
|  | Banco Mercantil del Norte SA |  |  |
| 750000 | &nbsp;&nbsp;&nbsp;6.625% to 01/24/32 then USD 10 Year Tsy + 5.034%<sup>(1)(2)</sup> | Ba2 | 696812 |
| 610000 | &nbsp;&nbsp;&nbsp;7.500% to 06/27/29 then USD 10 Year Tsy + 5.470%<sup>(1)(2)</sup> | Ba2 | 607150 |
| 640000 | &nbsp;&nbsp;&nbsp;7.625% to 01/10/28 then USD 10 Year Tsy + 5.353%<sup>(1)(2)</sup> | Ba2 | 637796 |
| 915000 | &nbsp;&nbsp;&nbsp;8.750% to 05/20/35 then USD 10 Year Tsy + 4.299%<sup>(1)(2)</sup> | Ba2 | 925458 |
|  | Banco Santander SA |  |  |
| 6800000 | &nbsp;&nbsp;&nbsp;4.750% to 05/12/27 then USD 5 Year Tsy + 3.753% <sup>(1)(2)</sup> | Ba1 | 6609113 |
| 800000 | &nbsp;&nbsp;&nbsp;8.000% to 08/01/34 then USD 5 Year Tsy + 3.911%<sup>(2)</sup> | Ba1 | 847094 |
| 400000 | &nbsp;&nbsp;&nbsp;9.625% to 11/21/33 then USD 5 Year Tsy + 5.298% <sup>(1)(2)</sup> | Ba1 | 467511 |
|  | Bank of Montreal |  |  |
| 355000 | &nbsp;&nbsp;&nbsp;7.300% to 11/26/34 then USD 5 Year Tsy + 3.010%, 11/26/84, Series 5 | Baa3 | 362417 |
| 670000 | &nbsp;&nbsp;&nbsp;7.700% to 05/26/29 then USD 5 Year Tsy + 3.452%, 05/26/84, Series 4 | Baa3 | 693498 |
|  | Bank of Nova Scotia |  |  |
| 588000 | &nbsp;&nbsp;&nbsp;7.350% to 04/27/30 then USD 5 Year Tsy + 2.903%, 04/27/85, Series 6 | Baa3 | 593999 |
| 1000000 | &nbsp;&nbsp;&nbsp;8.625% to 10/27/27 then USD 5 Year Tsy + 4.389%, 10/27/82, Series 4 | Baa3 | 1063825 |
|  | Barclays PLC |  |  |
| 400000 | &nbsp;&nbsp;&nbsp;4.375% to 09/15/28 then USD 5 Year Tsy + 3.410%<sup>(2)</sup> | Ba1 | 373366 |
| 610000 | &nbsp;&nbsp;&nbsp;7.625% to 09/15/35 then SOFR 5 Year Swap + 3.686%<sup>(2)</sup> | Ba1 | 614094 |
| 380000 | &nbsp;&nbsp;&nbsp;8.000% to 09/15/29 then USD 5 Year Tsy + 5.431%<sup>(2)</sup> | Ba1 | 399538 |
| 545000 | &nbsp;&nbsp;&nbsp;9.625% to 06/15/30 then SOFR 5 Year Swap + 5.775%<sup>(2)</sup> | Ba1 | 606698 |
| 600000 | BBVA Bancomer SA Texas, 5.875% to 09/13/29 then USD 5 Year Tsy + 4.308%, 09/13/34<sup>(1)</sup> | Baa2 | 589931 |
|  | BNP Paribas SA |  |  |
| 425000 | &nbsp;&nbsp;&nbsp;4.625% to 02/25/31 then USD 5 Year Tsy + 3.340%<sup>(1)(2)</sup> | Ba1 | 379162 |
| 515000 | &nbsp;&nbsp;&nbsp;7.375% to 08/19/25 then USD 5 Year Swap + 5.150%<sup>(1)(2)</sup> | Ba1 | 516207 |
| 720000 | &nbsp;&nbsp;&nbsp;7.375% to 09/10/34 then USD 5 Year Tsy + 3.535%<sup>(1)(2)</sup> | Ba1 | 732983 |
| 1600000 | &nbsp;&nbsp;&nbsp;7.450% to 06/27/35 then USD 5 Year Tsy + 3.134%, Series 1<sup>(1)(2)</sup> | Ba1 | 1613600 |
| 765000 | &nbsp;&nbsp;&nbsp;7.750% to 08/16/29 then USD 5 Year Tsy + 4.899%<sup>(1)(2)</sup> | Ba1 | 806621 |
| 2829000 | &nbsp;&nbsp;&nbsp;8.500% to 08/14/28 then USD 5 Year Tsy + 4.354%<sup>(1)(2)</sup> | Ba1 | 2998816 |
| 550000 | Canadian Imperial Bank of Commerce 6.950% to 01/28/30 then USD 5 Year Tsy + 2.833%, 1/28/85, Series 5 | Baa3 | 552929 |
|  | Credit Agricole SA |  |  |
| 450000 | &nbsp;&nbsp;&nbsp;4.750% to 09/23/29 then USD 5 Year Tsy + 3.237%<sup>(1)(2)</sup> | BBB-<sup>(3)</sup> | 421513 |
| 500000 | &nbsp;&nbsp;&nbsp;8.125% to 12/23/25 then USD 5 Year Swap + 6.185%<sup>(1)(2)</sup> | Baa3 | 506673 |
| 400000 | Deutsche Bank AG, 6.000% to 04/30/26 then USD 5 Year Tsy + 4.524%<sup>(2)</sup> | Ba2 | 399193 |
|  | HSBC Holdings PLC |  |  |
| 1500000 | &nbsp;&nbsp;&nbsp;4.700% to 09/09/31 then USD 5 Year Tsy + 3.250%<sup>(2)</sup> | Baa3 | 1363496 |
| 850000 | &nbsp;&nbsp;&nbsp;6.500% to 03/23/28 then USD 5 Year Swap + 3.606%<sup>(2)</sup> | Baa3 | 857545 |
| 540000 | &nbsp;&nbsp;&nbsp;6.950% to 09/11/34 then USD 5 Year Tsy + 3.191%<sup>(2)</sup> | Baa3 | 544218 |
| 465000 | &nbsp;&nbsp;&nbsp;7.050% to 12/05/30 then USD 5 Year Tsy + 2.987%<sup>(2)</sup> | Baa3 | 471473 |
| 3000000 | &nbsp;&nbsp;&nbsp;8.000% to 09/07/28 then USD 5 Year Tsy + 3.858%<sup>(2)</sup> | Baa3 | 3145821 |
| 2550000 | ING Groep, 3.875% to 11/16/27 then USD 5 Year Tsy + 2.862%<sup>(2)</sup> | Ba1 | 2375524 |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of June 30, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings** | **Value** |
|  | **CONTINGENT CAPITAL SECURITIES (continued)** |  |  |
|  | **BANKS (continued)** |  |  |
|  | Lloyds Banking Group PLC |  |  |
| 1900000 | &nbsp;&nbsp;&nbsp;7.500% to 09/27/25 then USD 5 Year Swap + 4.496%<sup>(2)</sup> | Baa3 | $1910015 |
| 2320000 | &nbsp;&nbsp;&nbsp;8.000% to 03/27/30 then USD 5 Year Tsy + 3.913%<sup>(2)</sup> | Baa3 | 2452129 |
|  | NatWest Group PLC |  |  |
| 350000 | &nbsp;&nbsp;&nbsp;4.600% to 12/28/31 then USD 5 Year Tsy + 3.100%<sup>(2)</sup> | Baa3 | 308273 |
| 200000 | &nbsp;&nbsp;&nbsp;8.125% to 05/10/34 then USD 5 Year Tsy + 3.752%<sup>(2)</sup> | Baa3 | 216127 |
|  | Royal Bank of Canada |  |  |
| 1100000 | &nbsp;&nbsp;&nbsp;6.350% to 11/24/34 then USD 5 Year Tsy + 2.257%, 11/24/84, Series 5 | Baa2 | 1035811 |
| 420000 | &nbsp;&nbsp;&nbsp;6.750% to 08/24/30 then USD 5 Year Tsy + 2.815%, 08/24/85, Series 6 | Baa2 | 420928 |
| 664000 | &nbsp;&nbsp;&nbsp;7.500% to 05/02/29 then USD 5 Year Tsy + 2.887%, 05/02/84, Series 4 | Baa2 | 687721 |
|  | Societe Generale SA |  |  |
| 900000 | &nbsp;&nbsp;&nbsp;4.750% to 05/26/26 then USD 5 Year Tsy + 3.931%<sup>(1)(2)</sup> | Ba2 | 888981 |
| 900000 | &nbsp;&nbsp;&nbsp;5.375% to 11/18/30 then USD 5 Year Tsy + 4.514%<sup>(1)(2)</sup> | Ba2 | 825706 |
| 250000 | &nbsp;&nbsp;&nbsp;6.750% to 04/06/28 then USD 5 Year Swap + 3.929%<sup>(1)(2)</sup> | Ba2 | 246876 |
| 1700000 | &nbsp;&nbsp;&nbsp;8.500% to 09/25/34 then USD 5 Year Tsy + 4.153%<sup>(1)(2)</sup> | Ba2 | 1780325 |
| 700000 | &nbsp;&nbsp;&nbsp;9.375% to 05/22/28 then USD 5 Year Tsy + 5.385%<sup>(1)(2)</sup> | Ba2 | 743088 |
|  | Standard Chartered PLC |  |  |
| 400000 | &nbsp;&nbsp;&nbsp;4.750% to 07/14/31 then USD 5 Year Tsy + 3.805%<sup>(1)(2)</sup> | Ba1 | 361285 |
| 1910000 | &nbsp;&nbsp;&nbsp;7.750% to 02/15/28 then USD 5 Year Tsy + 4.976%<sup>(1)(2)</sup> | Ba1 | 1986049 |
| 345000 | Toronto-Dominion Bank, 7.250% to 07/31/29 then USD 5 Year Tsy + 2.977%, 07/31/84 Series 4 | Baa2 | 354911 |
|  | UBS Group AG |  |  |
| 600000 | &nbsp;&nbsp;&nbsp;4.375% to 02/10/31 then USD 5 Year Tsy + 3.313%<sup>(1)(2)</sup> | Baa3 | 531831 |
| 800000 | &nbsp;&nbsp;&nbsp;4.875% to 02/12/27 then USD 5 Year Tsy + 3.404%<sup>(1)(2)</sup> | BB<sup>(3)</sup> | 780139 |
|  | **TOTAL CONTINGENT CAPITAL SECURITIES** (Cost $54,251,169) |  | **54389113** |
|  | **CORPORATE DEBT SECURITIES - 1.3%** |  |  |
|  | **BANKS - 0.7%** |  |  |
| 13800 | Dime Community Bancshares, Inc., 9.000% to 07/15/29 then 3-Month CME Term SOFR + 4.951%, 07/15/34 | NR<sup>(4)</sup> | 362940 |
| 575000 | Texas Capital Bancshares, Inc., 4.000% to 05/06/26 then USD 5 Year Tsy + 3.150%, 05/06/31 | Baa3 | 558174 |
| 500000 | Zions Bancorp NA 6.816% then 3-Month CME Term SOFR + 2.830%, 11/19/35 | BBB<sup>(3)</sup> | 520027 |
|  |  |  | 1441141 |
|  | **INSURANCE - 0.2%** |  |  |
| 460000 | Universal Insurance Holdings, Inc., 5.625%, 11/30/26 | NR<sup>(4)</sup> | 453383 |
|  | **COMMUNICATIONS - 0.4%** |  |  |
|  | Qwest Corp. |  |  |
| 12347 | &nbsp;&nbsp;&nbsp;6.500%, 09/01/56 | Caa2 | 222246 |
| 36585 | &nbsp;&nbsp;&nbsp;6.750%, 06/15/57 | Caa2 | 664749 |
|  |  |  | 886995 |
|  | **TOTAL CORPORATE DEBT SECURITIES (Cost $3,087,952)** |  | **2781519** |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of June 30, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings** | **Value** |
|  | **SHORT-TERM INVESTMENTS - 0.2%** |  |  |
|  | **MONEY MARKET FUND - 0.2%** |  |  |
| 379113 | Fidelity Investments Money Market Treasury Portfolio - Class I, 4.19%<sup>(7)</sup> |  | $379113 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $379,113)** |  | **379113** |
|  | **TOTAL INVESTMENTS - 99.1% (Cost $213,110,931)** |  | $**209331989** |
|  | Other Assets In Excess Of Liabilities – 0.9% |  | 1961039 |
|  | **TOTAL NET ASSETS – 100.0%** |  | $**211293028** |

---

<sup>(1)</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. These securities have been determined to be liquid under guidelines established by management. At June 30, 2025, the total value of these securities is $52,946,583, representing 25.1% of net assets.

<sup>(2)</sup> Security is perpetual in nature with no stated maturity date.

<sup>(3)</sup> Standard & Poor's Rating, unaudited.

<sup>(4)</sup> Security is unrated by Moody's, S&P and Fitch.

<sup>(5)</sup> Convertible security.

<sup>(6)</sup> Fitch's Rating, unaudited.

<sup>(7)</sup> The rate is the annualized seven-day yield as of June 30, 2025.

<sup>(8)</sup> The interest rate shown reflects the rate in effect as of June 30, 2025.

LIBOR – London Interbank Offered Rate

LLC – Limited Liability Company

LP – Limited Partnership

PLC – Public Limited Company

REIT – Real Estate Investment Trust

SA – Corporation

SOFR – Secured Overnight Financing Rate

Tsy – United States Government Treasury Yield

The administrator of U.S. dollar LIBOR, ICE, ceased publication of daily U.S. dollar LIBOR panels after June 30, 2023. For securities where (i) issuers have announced replacement reference rates or (ii) the Adjustable Interest Rate (LIBOR) Act of 2022 was determined by the Adviser to apply, the new reference rate (usually Term SOFR) has been listed as the benchmark. The spread over that benchmark includes any tenor spread adjustment applicable upon benchmark transition. For all other securities, the original reference rate and spread continue to be listed.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Destra Investment Trust

- **b. Investment Company Act file number:** 811-22417

- **c. CIK number of Registrant:** 0001492374

- **d. LEI of Registrant:** 549300EE9KGVWPFMAY56

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 443 N. Willson Ave

  - **City:** Bozeman

  - **State:** MT

  - **Foreign country:** US

  - **Zip / Postal Code:** 59715

  - **Telephone number:** 312-843-6161

**Item A.2. Information about the Series.**

- **a. Name of Series:** Destra Flaherty & Crumrine Preferred and Income Fund

- **b. EDGAR series identifier (if any):** S000055298

- **c. LEI of Series:** 549300K5Z0UR6KCW6039

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $211599994.79

**Total Liabilities:** $306966.38

**Net Assets:** $211293028.41

**Cash Not Reported:** $35.29

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 295.25462700 | **1-Year:** 6215.23667300 | **5-Year:** 13058.69106800 | **10-Year:** 20456.99508900 | **30-Year:** 1264.87648400

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 387.19360000 | **1-Year:** 3941.51261900 | **5-Year:** 4667.90624300 | **10-Year:** 3546.72289300 | **30-Year:** 2946.91074200

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000174036 | -0.94%               | 1.30%                | 1.44%                |
| Class ID C000174035 | -0.89%               | 1.38%                | 1.51%                |
| Class ID C000174037 | -0.87%               | 1.41%                | 1.48%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-202616.16              | $-2939561.81                               |
| Month 2  | $0.00                    | $2151733.06                                |
| Month 3  | $-237359.68              | $2262691.85                                |

### Schedule of Portfolio Investments

| Name                                                         | Title                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Northwest Natural Holding Company                            | NWN 7 09/15/55         | CUSIP: 66765NAA3<br>LEI: 254900PSJL6ZEC8FR782 | Long             | DBT              | CORP              | US        |    605000 | PA      | $612359.40    | 0.29%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Dime Community Bancshares Inc.                               | DCOM 9                 | CUSIP: 25432X300<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     13800 | NS      | $362940.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale S.A.                                        | SOCGEN 5 3/8 PERP      | CUSIP: 83370RAA6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    900000 | PA      | $825706.44    | 0.39%             | 2173-05-18      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Australia and New Zealand Banking Group Ltd. London Branch   | ANZ 6 3/4 PERP         | CUSIP: 05254HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |   1407000 | PA      | $1425576.62   | 0.67%             | 2049-12-29      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Altagas Ltd                                                  | ALACN 7.2 10/15/54     | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |    535000 | PA      | $536455.74    | 0.25%             | 2054-10-15      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| Edison International                                         | EIX 5 PERP             | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1533978.79   | 0.73%             | 2173-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Alliance Bancorp                                     | WAL 4 1/4 PERP         | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |     12900 | NS      | $281478.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Insurance Holdings Ltd.                                | AHL 5 5/8 PERP         | CUSIP: G05384162<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     25000 | NS      | $491250.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.                              | AMG 6 3/4              | CUSIP: 008252827<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |     21200 | NS      | $493112.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                                    | GS 7 1/2 PERP          | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1181625.61   | 0.56%             | 2172-11-10      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                             | DB 6 PERP              | CUSIP: 251525AX9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $399193.48    | 0.19%             | 2170-02-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                           | ATH 6.35 PERP          | CUSIP: 04686J861<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |    147374 | NS      | $3562029.58   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal                                             | BMO 7.3 11/26/2084     | CUSIP: 06368L5Q5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    355000 | PA      | $362417.37    | 0.17%             | 2084-11-26      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co, Inc.                             | AEP 3 7/8 02/15/62     | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1027886.83   | 0.49%             | 2062-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Land O'Lakes Inc.                                            | LLAKES 7 1/4 PERP      | CUSIP: 514666AM8<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |    700000 | PA      | $605296.37    | 0.29%             | 2065-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                                         | RY 6.35 11/24/2084     | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1035810.71   | 0.49%             | 2084-11-24      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                        | SOCGEN 6 3/4 PERP      | CUSIP: 83367TBU2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $246876.00    | 0.12%             | 2172-10-06      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                  | GBLATL 4.7 10/15/51    | CUSIP: 37959GAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1345170.87   | 0.64%             | 2051-10-15      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| American National Group Inc.                                 | ANGINC 6 5/8 PERP      | CUSIP: 025676867<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |     24260 | NS      | $608926.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                           | BBVASM 9 3/8 PERP      | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $1106094.00   | 0.52%             | 2173-09-19      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                             | PARA 6 3/8 03/30/62    | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1689438.87   | 0.80%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                               | C 6.95 PERP            | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    630000 | PA      | $645409.17    | 0.31%             | 2174-02-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                               | C 6 3/4 PERP           | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1405000 | PA      | $1418925.26   | 0.67%             | 2173-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America, Incorporated                   | RGA 6.65 09/15/55      | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    235000 | PA      | $234383.69    | 0.11%             | 2055-09-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                 | BACR 9 5/8 PERP        | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    545000 | PA      | $606698.36    | 0.29%             | 2173-03-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                          | SYF 8 1/4 PERP         | CUSIP: 87165B400<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |     44600 | NS      | $1107864.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Agricole S.A.                                         | ACAFP 4 3/4 PERP       | CUSIP: 225313AP0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    450000 | PA      | $421512.98    | 0.20%             | 2173-03-23      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TPG Operating Group II LP                                    | TPG 6.95               | CUSIP: 872652102<br>LEI: 2549001H9RJQNZT7MU11 | Long             | EP               | CORP              | US        |      4494 | NS      | $113383.62    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                                 | BACR 4 3/8 PERP        | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $373365.72    | 0.18%             | 2172-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BBVA Mexico SA                                               | BBVASM 5 7/8 09/13/34  | CUSIP: 05533UAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    600000 | PA      | $589930.54    | 0.28%             | 2034-09-13      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Inc.                                                | ENBCN 7 3/8 03/15/55   | CUSIP: 29250NCG8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1460000 | PA      | $1517575.10   | 0.72%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                     | LLOYDS 8 PERP          | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2320000 | PA      | $2452128.64   | 1.16%             | 2170-03-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Enstar Group Ltd                                             | ESGR 7 PERP            | CUSIP: 29359U109<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |     45400 | NS      | $912994.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                                    | GS 6.85 PERP           | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    395000 | PA      | $408700.47    | 0.19%             | 2175-01-24      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Nevada Power Company                                         | BRKHEC 6 1/4 05/15/55  | CUSIP: 641423CH9<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    187000 | PA      | $186561.13    | 0.09%             | 2055-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cobank ACB                                                   | COBKAC 7 1/8 PERP      | CUSIP: 19075QAG7<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | CORP              | US        |    420000 | PA      | $430173.24    | 0.20%             | 2173-01-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UMB Financial Corp.                                          | UMBF 7 3/4 PERP        | CUSIP: 902788405<br>LEI: 549300MGEH3N3CUCV828 | Long             | EP               | CORP              | US        |     34400 | NS      | $892336.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE Trust VI                                                 | SCE TRUST VI           | CUSIP: 78410V200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     39010 | NS      | $624160.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                          | NEE 6.7 09/01/54       | CUSIP: 65339KCW8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    355000 | PA      | $366769.32    | 0.17%             | 2054-09-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                             | BMO 7.7 05/26/2084     | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    670000 | PA      | $693498.24    | 0.33%             | 2084-05-26      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                           | HBAN 6 7/8 PERP        | CUSIP: 446150773<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |     34400 | NS      | $850024.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mortgage Trust Inc                                  | NYMT 6 7/8 PERP        | CUSIP: 649604865<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     26000 | NS      | $549900.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Enstar Finance Llc                                           | ESGR 5 1/2 01/15/42    | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $660391.87    | 0.31%             | 2042-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Telus Corp.                                                  | TCN 7 10/15/55         | CUSIP: 87971MCM3<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |    390000 | PA      | $394029.06    | 0.19%             | 2055-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                           | VOD 7 04/04/2079       | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $234727.43    | 0.11%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                            | HSBC 6 1/2 PERP        | CUSIP: 404280BP3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    850000 | PA      | $857545.45    | 0.41%             | 2173-09-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                               | C 4.15 PERP            | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1536181.35   | 0.73%             | 2170-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Dime Community Bancshares Inc.                               | DCOM 5 1/2 PERP        | CUSIP: 25432X201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     36000 | NS      | $687600.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cobank ACB                                                   | COBKAC 6 1/4 PERP      | CUSIP: 19075QAC6<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502111.00    | 0.24%             | 2172-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                           | HBAN 5 5/8 PERP        | CUSIP: 446150AT1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1069316.09   | 0.51%             | 2172-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Regions Financial Corporation                                | RF 5.7 PERP            | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |     90500 | NS      | $2160235.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                                          | ETR 7 1/8 12/01/54     | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    960000 | PA      | $995904.96    | 0.47%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Banco Santander, S.A.                                        | SANTAN 4 3/4 PERP      | CUSIP: 05971KAH2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   6800000 | PA      | $6609113.12   | 3.13%             | 2173-08-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                       | STANLN 7 3/4 PERP      | CUSIP: 853254CM0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1910000 | PA      | $1986048.56   | 0.94%             | 2173-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                               | MS 6 5/8 PERP          | CUSIP: 61762V838<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     14000 | NS      | $361900.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Incorporated                                        | CMA 5 5/8 PERP         | CUSIP: 200340AU1<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   5230000 | PA      | $5230000.00   | 2.48%             | 2168-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Qwest Corporation                                            | CTL 6 1/2              | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |     12347 | NS      | $222246.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                       | SRE 4 7/8 PERP         | CUSIP: 816851BK4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1297106.72   | 0.61%             | 2170-10-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                               | C 7 5/8 PERP           | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1265976.00   | 0.60%             | 2072-02-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                               | C 7 1/8 PERP           | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    890000 | PA      | $919562.24    | 0.44%             | 2174-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc.                                    | CRBG 6 3/8 09/15/54    | CUSIP: 21871XAT6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    620000 | PA      | $619316.02    | 0.29%             | 2054-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Texas Capital Bancshares, Inc.                               | TCBI 5 3/4 PERP        | CUSIP: 88224Q305<br>LEI: 549300466Q2SXRX0YM48 | Long             | EP               | CORP              | US        |     32043 | NS      | $680913.75    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Compeer Financial, ACA                                       | AGSTAR 4 7/8 PERP      | CUSIP: 20453QAA0<br>LEI: 54930020HTACTODKHT04 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241250.30    | 0.11%             | 2173-08-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Wesbanco Inc                                                 | WSBC 6 3/4 PERP        | CUSIP: 950810705<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     43200 | NS      | $1090800.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                                          | SYF 5 5/8 PERP         | CUSIP: 87165B202<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |     46000 | NS      | $846400.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander, S.A.                                        | SANTAN 8 PERP          | CUSIP: 05964HBH7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $847093.60    | 0.40%             | 2173-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Enstar Group Ltd                                             | ESGR 7 1/2 04/01/45    | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |    825000 | PA      | $850266.04    | 0.40%             | 2045-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| FMC Corp.                                                    | FMC 8.45 11/01/55      | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    700000 | PA      | $716122.40    | 0.34%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch           | BANORT 7 1/2 PERP      | CUSIP: 05971PAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    610000 | PA      | $607149.90    | 0.29%             | 2172-09-27      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                               | BNP 7 3/8 PERP         | CUSIP: 05602XJC3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    720000 | PA      | $732983.04    | 0.35%             | 2174-09-10      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                                   | LIBMUT 7.8 03/15/37    | CUSIP: 53079EAN4<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   6903000 | PA      | $8031045.81   | 3.80%             | 2037-03-15      | Fixed         | 7.80%                 | Yes           |                  2 | On Loan: No      |
| Synovus Financial Corp.                                      | SNV 8.397 PERP         | CUSIP: 87161C709<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EP               | CORP              | US        |    127922 | NS      | $3270965.54   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Real Estate Finance Trust Inc.                           | KREF 6 1/2 PERP        | CUSIP: 48251K209<br>LEI: 549300K23AYZDZ2REL62 | Long             | EP               | CORP              | US        |     87394 | NS      | $1765358.80   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                               | BNP 8 1/2 PERP         | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2829000 | PA      | $2998816.38   | 1.42%             | 2173-08-14      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings PLC                                            | HSBC 8 PERP            | CUSIP: 404280DT3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $3145821.00   | 1.49%             | 2173-09-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Qwest Corporation                                            | CTL 6 3/4              | CUSIP: 74913G873<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |     36585 | NS      | $664749.45    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Nova Scotia                                          | BNS 7.35 04/27/2085    | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    588000 | PA      | $593998.78    | 0.28%             | 2085-04-27      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                        | SOCGEN 4 3/4 PERP      | CUSIP: 83370RAB4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    900000 | PA      | $888981.39    | 0.42%             | 2172-11-26      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| The Charles Schwab Corporation                               | SCHW 4 PERP            | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1134153.00   | 0.54%             | 2169-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                               | BNP 7.45 PERP          | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1600000 | PA      | $1613600.00   | 0.76%             | 2173-06-27      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| Connectone Bancorp Inc.                                      | CNOB 5 1/4 PERP        | CUSIP: 20786W503<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EP               | CORP              | US        |     42300 | NS      | $956403.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                       | SRE 4 1/8 04/01/52     | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1397870.89   | 0.66%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SCE Trust VII                                                | EIX 7 1/2 PERP         | CUSIP: 783892201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     19500 | NS      | $433290.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                                    | GS 4.95 PERP           | CUSIP: 38144GAB7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2511867.50   | 1.19%             | 2168-08-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Trust, Inc.                                     | ABR 6 1/4 PERP         | CUSIP: 038923850<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     68190 | NS      | $1384938.90   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc.                                    | FG 7.3                 | CUSIP: 30190A609<br>LEI: N/A                  | Long             | EP               | USGSE             | US        |     18800 | NS      | $457968.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                                 | CFG 7 3/8 PERP         | CUSIP: 174610600<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |     25700 | NS      | $666658.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                                                 | MET 9 1/4 04/08/38     | CUSIP: 59156RBS6<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1605000 | PA      | $1906329.12   | 0.90%             | 2038-04-08      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Sempra                                                       | SRE 6.4 10/01/54       | CUSIP: 816851BT5<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    620000 | PA      | $590132.55    | 0.28%             | 2054-10-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                            | PNC 6 PERP             | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2135000 | PA      | $2157552.01   | 1.02%             | 2173-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bell Canada                                                  | BCECN 7 09/15/55       | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    740000 | PA      | $752429.39    | 0.36%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                         | MTB 5 5/8 PERP         | CUSIP: 55261F872<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |     96311 | NS      | $2454967.39   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE Trust VIII                                               | EIX 6.95 PERP          | CUSIP: 80620A208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20500 | NS      | $439110.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered PLC                                       | STANLN 4 3/4 PERP      | CUSIP: 853254BX7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $361284.84    | 0.17%             | 2173-07-14      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                                 | UBS 4 7/8 PERP         | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    800000 | PA      | $780138.80    | 0.37%             | 2173-08-12      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                                         | RY 7 1/2 05/02/2084    | CUSIP: 780082AR4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    664000 | PA      | $687721.40    | 0.33%             | 2084-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                               | C 4 PERP               | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298702.08    | 0.14%             | 2173-03-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sempra                                                       | SRE 6 7/8 10/01/54     | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1570000 | PA      | $1583789.26   | 0.75%             | 2054-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                 | UBS 4 3/8 PERP         | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    600000 | PA      | $531831.48    | 0.25%             | 2169-08-10      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| KeyCorp                                                      | KEY 6 1/8 PERP         | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     24728 | NS      | $603363.20    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Delphi Financial Group, Inc.                                 | TOMARI 8.5697          | CUSIP: 247131303<br>LEI: 5493001NGT0EEYMZG011 | Long             | EP               | CORP              | US        |    131885 | NS      | $3214696.88   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TransCanada Trust                                            | TRPCN 5 7/8 08/15/76   | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   1350000 | PA      | $1357696.35   | 0.64%             | 2076-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Everest Reinsurance Holdings, Inc.                           | RE 0 05/15/37          | CUSIP: 299808AE5<br>LEI: 254900P29PM5UJR3VU91 | Long             | DBT              | CORP              | US        |    196000 | PA      | $193659.02    | 0.09%             | 2037-05-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                            | PNC 6.2 PERP           | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    610000 | PA      | $623047.02    | 0.29%             | 2172-12-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Edison International                                         | EIX 5 3/8 PERP         | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    490000 | PA      | $462570.58    | 0.22%             | 2173-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Evergy Inc                                                   | EVRG 6.65 06/01/55     | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |    670000 | PA      | $679353.07    | 0.32%             | 2055-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                            | HSBC 4.7 PERP          | CUSIP: 404280CQ0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1363495.65   | 0.65%             | 2173-09-09      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Land O'Lakes Inc.                                            | LLAKES 8 PERP          | CUSIP: 514666AK2<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   3115000 | PA      | $2998187.50   | 1.42%             | 2165-09-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank                   | ZION 6.816 11/19/35    | CUSIP: 98971DAC4<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |    500000 | PA      | $520026.82    | 0.25%             | 2035-11-19      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| Fortegra Group Inc                                           | FRF 9 1/4 11/15/64     | CUSIP: 34962TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $461512.50    | 0.22%             | 2064-11-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| PartnerRe Ltd.                                               | PRE 4 7/8 PERP         | CUSIP: G68603169<br>LEI: 7LLHQS68KCIGNZBR7918 | Long             | EP               | CORP              | BM        |     23498 | NS      | $402990.70    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                                  | COF 3.95 PERP          | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1010410.43   | 0.48%             | 2169-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                          | D 6 5/8 05/15/55       | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    865000 | PA      | $880040.62    | 0.42%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Stifel Financial Corporation                                 | SF 4 1/2 PERP          | CUSIP: 860630862<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |     17784 | NS      | $301083.12    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                                  | VST 7 PERP             | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177218.65    | 0.08%             | 2170-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                            | PNC 3.4 PERP           | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    476000 | PA      | $459617.03    | 0.22%             | 2172-12-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                               | C 7 PERP               | CUSIP: 172967PM7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    875000 | PA      | $920934.00    | 0.44%             | 2172-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                    | GS 4.4 PERP            | CUSIP: 38144GAC5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    925000 | PA      | $930194.80    | 0.44%             | 2173-08-10      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Wintrust Financial Corporation                               | WTFC 7 7/8 PERP        | CUSIP: 97650W702<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |     23800 | NS      | $609280.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp.                                     | VLY 8.53086 PERP       | CUSIP: 919794305<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |      2022 | NS      | $49397.46     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Financial Company  Inc                        | GM 5 3/4 PERP          | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    330000 | PA      | $325498.67    | 0.15%             | 2166-03-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                          | ALLY 4.7 PERP          | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    800000 | PA      | $719478.40    | 0.34%             | 2169-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Lincoln National Corp.                                       | LNC 9 1/4 PERP         | CUSIP: 534187BR9<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    400000 | PA      | $436943.60    | 0.21%             | 2173-03-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                               | INTNED 3 7/8 PERP      | CUSIP: 456837AY9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   2550000 | PA      | $2375524.41   | 1.12%             | 2172-11-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                            | NWG 4.6 PERP           | CUSIP: 639057AD0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $308273.07    | 0.15%             | 2172-09-30      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch           | BANORT 8 3/4 PERP      | CUSIP: 05971PAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    915000 | PA      | $925457.54    | 0.44%             | 2174-11-20      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Regions Financial Corporation                                | RF 6.95 PERP           | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |     89000 | NS      | $2211650.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                                           | STT 6.7 PERP           | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    700000 | PA      | $731132.50    | 0.35%             | 2174-03-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                        | SOCGEN 8 1/2 PERP      | CUSIP: 83370RAD0<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1700000 | PA      | $1780325.00   | 0.84%             | 2173-09-25      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                               | C 7 3/8 PERP           | CUSIP: 172967PC9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1294955.24   | 0.61%             | 2173-08-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Banco Santander, S.A.                                        | SANTAN 9 5/8 PERP      | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $467511.20    | 0.22%             | 2173-02-21      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| AES Corp.                                                    | AES 7.6 01/15/55       | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    695000 | PA      | $718784.99    | 0.34%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                            | NWG 8 1/8 PERP         | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $216127.40    | 0.10%             | 2172-06-30      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Kuvare United States Holdings Inc                            | KUVARE 7 02/17/51      | CUSIP: 50149XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    875000 | PA      | $874685.93    | 0.41%             | 2051-02-17      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                           | CM 6.95 01/28/2085     | CUSIP: 13607PNF7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    550000 | PA      | $552929.30    | 0.26%             | 2085-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| South Bow Canadian Infrastructure Holdings Ltd.              | SOUBOW 7 1/2 03/01/55  | CUSIP: 836720AH5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    505000 | PA      | $521489.26    | 0.25%             | 2055-03-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Jackson Financial Inc                                        | JXN 8 PERP             | CUSIP: 46817M206<br>LEI: 213800WXW2KG1N4CO374 | Long             | EP               | CORP              | US        |     12500 | NS      | $316500.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera Inc                                                    | EMACN 6 3/4 06/15/2076 | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   2806000 | PA      | $2829435.71   | 1.34%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SBL Holdings Inc.                                            | SECBEN 7 PERP CORP     | CUSIP: 78397DAA6<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1179423.17   | 0.56%             | 2168-05-13      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Universal Insurance Holdings Inc                             | UVE 5 5/8 11/30/26     | CUSIP: 91359VAC1<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | DBT              | CORP              | US        |    460000 | PA      | $453382.59    | 0.21%             | 2026-11-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| First Horizon Corporation                                    | FHN 6 1/2 PERP         | CUSIP: 320517402<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |     17822 | NS      | $423272.50    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust    | AER 6.95 03/10/55      | CUSIP: 00774MBK0<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    860000 | PA      | $894771.19    | 0.42%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                           | HBAN 4.45 PERP         | CUSIP: 446150AV6<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    355000 | PA      | $350259.76    | 0.17%             | 2069-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                        | GM 6 1/2 PERP          | CUSIP: 37045XCM6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    600000 | PA      | $591362.28    | 0.28%             | 2173-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                | ENBCN 6 01/15/77       | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1252000 | PA      | $1253415.39   | 0.59%             | 2077-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Provident Financing Trust I                                  | UNM 7.405 03/15/38     | CUSIP: 743863AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4823492.81   | 2.28%             | 2038-03-15      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                    | TD 7 1/4 07/31/2084    | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    345000 | PA      | $354911.16    | 0.17%             | 2084-07-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Valley National Bancorp.                                     | VLY 6 1/4 PERP         | CUSIP: 919794206<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |     30345 | NS      | $741328.35    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                                            | HSBC 7.05 PERP         | CUSIP: 404280FA2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    465000 | PA      | $471473.27    | 0.22%             | 2173-12-05      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust    | AER 6 1/2 01/31/56     | CUSIP: 00774MBQ7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    440000 | PA      | $438964.77    | 0.21%             | 2056-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                           | BBVASM 6 1/8 PERP      | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   2600000 | PA      | $2553173.22   | 1.21%             | 2173-02-16      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TPG RE Finance Trust Inc.                                    | TRTX 6 1/4 PERP        | CUSIP: 87266M206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20598 | NS      | $352225.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust, Inc.                                     | ABR 6 3/8 PERP         | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     10859 | NS      | $185580.31    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.                            | PNC 6 1/4 PERP         | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1847856.60   | 0.87%             | 2173-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SCE Trust V                                                  | EIX 5.45 PERP          | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    121730 | NS      | $2775444.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                                                | ENBCN 5 3/4 07/15/80   | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    340000 | PA      | $339413.95    | 0.16%             | 2080-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wintrust Financial Corporation                               | WTFC 6 7/8 PERP        | CUSIP: 97650W504<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |     48500 | NS      | $1230930.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                                      | KEY 6.2 PERP           | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     45785 | NS      | $1107539.15   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| American Agcredit ACA                                        | AAGACA 5 1/4 PERP      | CUSIP: 02369GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    575000 | PA      | $557750.06    | 0.26%             | 2173-09-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                              | CVS 7 03/10/55         | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    540000 | PA      | $558218.57    | 0.26%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                                   | RCICN 7 1/8 04/15/55   | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    560000 | PA      | $567905.97    | 0.27%             | 2055-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                               | BNP 4 5/8 PERP         | CUSIP: 05565ASK0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    425000 | PA      | $379162.14    | 0.18%             | 2173-08-25      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| SBL Holdings Inc.                                            | SECBEN 6 1/2 PERP      | CUSIP: 78397DAC2<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1171965.72   | 0.55%             | 2172-11-13      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                  | GBLATL 7.95 10/15/54   | CUSIP: 37959GAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    585000 | PA      | $610218.77    | 0.29%             | 2054-10-15      | Fixed         | 7.95%                 | Yes           |                  2 | On Loan: No      |
| Dominion Energy Inc                                          | D 4.35 PERP            | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    725000 | PA      | $713584.55    | 0.34%             | 2171-12-09      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                         | RY 6 3/4 08/24/2085    | CUSIP: 780082AV5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    420000 | PA      | $420928.20    | 0.20%             | 2085-08-24      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corporation                      | AQNCN 6.2 07/01/79     | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |     40895 | NS      | $1028918.20   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investments Money Market Treasury Portfolio Class I | FID-TRSY PT-I          | CUSIP: 316175504<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    353107 | PA      | $353106.97    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Mutual Group, Inc.                                   | LIBMUT 4 1/8 12/15/51  | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    830000 | PA      | $808549.86    | 0.38%             | 2051-12-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Valley National Bancorp.                                     | VLY 8 1/4 PERP         | CUSIP: 919794404<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |      6100 | NS      | $150243.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                                                 | MET 10 3/4 08/01/39    | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1591000 | PA      | $2134469.69   | 1.01%             | 2039-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Flagstar Financial, Inc.                                     | NYCB 6 3/8 PERP        | CUSIP: 649445202<br>LEI: 529900HVXOTLY61GL030 | Long             | EP               | CORP              | US        |    165623 | NS      | $3413490.03   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                                    | GS 4 1/8 PERP          | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1566874.96   | 0.74%             | 2173-05-10      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                        | GM 5.7 PERP            | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    725000 | PA      | $714797.00    | 0.34%             | 2069-03-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                | ENBCN 8 1/2 01/15/2084 | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    725000 | PA      | $809136.25    | 0.38%             | 2084-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                            | HSBC 6.95 PERP         | CUSIP: 404280EJ4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    540000 | PA      | $544217.94    | 0.26%             | 2173-09-11      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| American International Group Inc.                            | AIG 8.175 05/15/58     | CUSIP: 026874BS5<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   1387000 | PA      | $1540303.35   | 0.73%             | 2058-05-15      | Fixed         | 8.18%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                     | LLOYDS 7 1/2 PERP      | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1900000 | PA      | $1910014.90   | 0.90%             | 2172-12-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                               | BNP 7 3/8 PERP         | CUSIP: 05565AAN3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    515000 | PA      | $516206.95    | 0.24%             | 2173-02-19      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Banco Mercantil del Norte S.A.                               | BANORT 6 5/8 PERP      | CUSIP: 05973KAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    750000 | PA      | $696811.67    | 0.33%             | 2170-01-24      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Ally Financial Inc.                                          | ALLY 4.7 PERP          | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1179837.15   | 0.56%             | 2169-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                           | ATH 4 7/8 PERP         | CUSIP: 04686J408<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     25200 | NS      | $430920.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.                               | TCBI 4 05/06/31        | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |    575000 | PA      | $558173.64    | 0.26%             | 2031-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                        | SOCGEN 9 3/8 PERP      | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    700000 | PA      | $743087.80    | 0.35%             | 2173-05-22      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Barclays PLC                                                 | BACR 8 PERP            | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    380000 | PA      | $399538.46    | 0.19%             | 2169-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                           | ET 7 1/8 PERP          | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1387000 | PA      | $1416215.77   | 0.67%             | 2169-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                       | TFC 6.669 PERP         | CUSIP: 89832QAD1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1098000 | PA      | $1102913.55   | 0.52%             | 2173-03-01      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                                         | ACAFP 8 1/8 PERP       | CUSIP: 225313AJ4<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $506672.50    | 0.24%             | 2173-03-23      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| WaFd Inc                                                     | WAFD 4 7/8 PERP        | CUSIP: 938824307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20300 | NS      | $313432.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EUSHI Finance Inc.                                           | EMACN 7 5/8 12/15/54   | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1063736.80   | 0.50%             | 2054-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch           | BANORT 7 5/8 PERP      | CUSIP: 05962GAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    640000 | PA      | $637796.48    | 0.30%             | 2172-10-06      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| SCE Trust IV                                                 | EIX 5 3/8 PERP         | CUSIP: 78409G206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     16405 | NS      | $369768.70    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                                         | MTB 3 1/2 PERP         | CUSIP: 55261FAN4<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    650000 | PA      | $629346.84    | 0.30%             | 2173-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                            | WFC 7 1/2 PERP         | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |       267 | NS      | $313492.71    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                                       | EQH 6.7 03/28/55       | CUSIP: 29452EAD3<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512436.00    | 0.24%             | 2055-03-28      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                           | ATH 7 1/4              | CUSIP: 04686J838<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     27440 | NS      | $683256.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                                    | GS 6 1/8 PERP          | CUSIP: 38141GB52<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    640000 | PA      | $642743.97    | 0.30%             | 2174-11-10      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                          | BNS 8 5/8 10/27/2082   | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1063825.00   | 0.50%             | 2082-10-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CNO Financial Group, Inc.                                    | CNO 5 1/8              | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |     15000 | NS      | $258450.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                                 | BACR 7 5/8 PERP        | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    610000 | PA      | $614094.32    | 0.29%             | 2173-09-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corporation                      | AQNCN 4 3/4 01/18/2082 | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1463270.25   | 0.69%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                               | BNP 7 3/4 PERP         | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    765000 | PA      | $806620.59    | 0.38%             | 2169-08-16      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Lincoln National Corp.                                       | LNC 9 PERP             | CUSIP: 534187885<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EP               | CORP              | US        |     15900 | NS      | $423099.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

**Name of Applicant:** Destra Investment Trust

**Signature:** Derek Mullins

**Name of Signer:** Derek Mullins

**Title:** Chief Financial Officer