# EDGAR Filing Document

**Accession Number:** 0001523289
**File Stem:** 0001145549-23-009630
**Filing Date:** 2023-2
**Character Count:** 40243
**Document Hash:** 33b532b68a0b8e43e3f382d842223c76
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-009630.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001145549-23-009630

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Destra Multi-Alternative Fund
- **CENTRAL INDEX KEY:** 0001523289
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22572
- **FILM NUMBER:** 23664389

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Multi-Strategy Growth & Income Fund
- **DATE OF NAME CHANGE:** 20110614

## Nport-Ex

---

| |
|:---|
| **Destra Multi-Alternative Fund** |
| **Schedule of Investments** |
| **As of December 31, 2022 (unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **Shares/** |  | |
| **Contracts/** |  | |
| **Principal** | **Security** | **Value** |
|  | **COMMON STOCKS – 20.3%** |  |
|  | **AEROSPACE/DEFENSE – 1.0%** |  |
| 2248 | L3Harris Technologies, Inc. | $468056 |
| 900 | Northrop Grumman Corp. | 491049 |
|  |  | **959105** |
|  | **AUTO MANUFACTURERS – 0.8%** |  |
| 3290 | Cummins, Inc. | 797134 |
|  | **BANKS – 1.3%** |  |
| 47558 | Huntington Bancshares, Inc. | 670568 |
| 7315 | Morgan Stanley | 621921 |
|  |  | **1292489** |
|  | **BIOTECHNOLOGY – 0.4%** |  |
| 6632 | Corteva, Inc. | 389829 |
|  | **CHEMICALS – 0.5%** |  |
| 4847 | International Flavors & Fragrances, Inc. | 508159 |
|  | **ELECTRIC – 0.6%** |  |
| 7227 | NextEra Energy, Inc. | 604177 |
|  | **FINANCIAL SERVICES – 0.4%** |  |
| 5099 | Blackstone Group, Inc. | 378295 |
|  | **FOOD SERVICE – 0.6%** |  |
| 2090 | McDonald's Corp. | 550778 |
|  | **HEALTHCARE-SERVICES – 0.7%** |  |
| 1200 | UnitedHealth Group, Inc. | 636216 |
|  | **INSURANCE – 0.6%** |  |
| 6654 | Principal Financial Group, Inc. | 558404 |
|  | **INVESTMENT COMPANIES – 0.1%** |  |
| 10094 | CION Investment Corp. | 98417 |
|  | **LISTED BUSINESS DEVELOPMENT COMPANIES – 3.7%** |  |
| 316500 | Owl Rock Capital Corp.<sup>(1)</sup> | 3655575 |
|  | **MACHINERY-DIVERSIFIED – 0.5%** |  |
| 1695 | Rockwell Automation, Inc. | 436581 |
|  | **MEDIA – 0.4%** |  |
| 12254 | Comcast Corp., Class A | 428522 |
|  | **MINING – 0.6%** |  |
| 12163 | Newmont Mining Corp. | 574094 |
|  | **MISCELLANEOUS MANUFACTURING – 1.1%** |  |
| 2618 | Illinois Tool Works, Inc. | 576745 |
| 1839 | Parker-Hannifin Corp. | 535149 |
|  |  | **1111894** |

---

---

| | | |
|:---|:---|:---|
| **Shares/** |  | |
| **Contracts/** |  | |
| **Principal** | **Security** | **Value** |
|  | **COMMON STOCKS (continued)** |  |
|  | **OIL & GAS – 1.5%** |  |
| 5569 | EOG Resources, Inc. | $721297 |
| 3198 | Pioneer Natural Resources Co. | 730391 |
|  |  | **1451688** |
|  | **OIL & GAS SERVICES – 0.6%** |  |
| 21059 | Baker Hughes Co. | 621872 |
|  | **PHARMACEUTICALS – 0.4%** |  |
| 2620 | AbbVie, Inc. | 423418 |
|  | **RETAIL – 1.0%** |  |
| 2534 | Target Corp. | 377668 |
| 8092 | The TJX Cos., Inc. | 644123 |
|  |  | **1021791** |
|  | **SEMICONDUCTORS – 1.2%** |  |
| 3497 | Analog Devices, Inc. | 573613 |
| 1135 | Broadcom, Ltd. | 634612 |
|  |  | **1208225** |
|  | **SOFTWARE – 0.6%** |  |
| 2268 | Microsoft Corp. | 543912 |
|  | **TELECOMMUNICATIONS – 0.7%** |  |
| 20034 | Corning, Inc. | 639886 |
|  | **TRANSPORTATION – 1.0%** |  |
| 2193 | Union Pacific Corp. | 454105 |
| 3067 | United Parcel Service, Inc., Class B | 533167 |
|  |  | **987272** |
|  | **TOTAL COMMON STOCKS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $22,333,727) | **19877733** |
|  | **EXCHANGE-TRADED FUND – 1.9%** |  |
| 119330 | Global X Nasdaq 100 Covered Call ETF | 1898540 |
|  | **TOTAL EXCHANGE-TRADED FUND** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $2,154,021) | **1898540** |
|  | **MEDIUM TERM NOTES – 5.1%** |  |
|  | **BANKS – 4.6%** |  |
| 1500000 | Credit Suisse AG London, 0.0%, 09/18/25<sup>(2)(3)</sup> | 1500000 |
| 3000000 | UBS AG London, 13.75%, 09/18/25<sup>(2)(3)</sup> | 3000000 |
|  |  | **4500000** |
|  | **DIVERSIFIED FINANCIAL SERVICES – 0.5%** |  |
| 500000 | GS Finance Corp., 12.1%, 09/30/24<sup>(2)(3)</sup> | 500000 |
|  | **TOTAL MEDIUM TERM NOTES** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $5,000,000) | **5000000** |

---

---

| |
|:---|
| **Destra Multi-Alternative Fund** |
| **Schedule of Investments (continued)** |
| **As of December 31, 2022 (unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **Shares/** |  | |
| **Contracts/** |  | |
| **Principal** | **Security** | **Value** |
|  | **PRIVATE COMPANIES – 12.7%** |  |
| 744880 | Always AI, Inc., Series A-1 Preferred Stock<sup>(2)(3)(4)</sup> | $2428458 |
| 179641 | Clear Street Group, Inc., Series B Preferred Stock<sup>(2)(3)(4)</sup> | 1500002 |
| 23723 | Eat Just, Inc., Series F Common Stock<sup>(2)(3)(4)</sup> | 450000 |
| 542467 | GOSITE, Inc., Series A-1 Preferred Stock<sup>(2)(3)(4)</sup> | 4680000 |
| 497216 | Iridia, Inc., Series A-3 Preferred Stock<sup>(2)(3)(4)</sup> | 828312 |
| 2550000 | Nurture Life, Inc., Convertible Debt, 6.0%, 12/31/23<sup>(2)(3)</sup> | 2550000 |
|  | **TOTAL PRIVATE COMPANIES** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $9,415,497) | **12436772** |
|  | **PURCHASED OPTIONS CONTRACTS – 0.1%** |  |
|  | **CALL OPTIONS – 0.1%** |  |
| 195 | MP Materials Corp. Exercise Price: $45, Notional Amount: $877,500, Expiration Date: 03/17/2023<sup>(4)</sup> | 1950 |
| 75 | MP Materials Corp. Exercise Price: $50, Notional Amount: $375,000, Expiration Date: 06/16/2023<sup>(4)</sup> | 2063 |
| 100 | Tesla, Inc. Exercise Price: $425, Notional Amount: $4,250,000, Expiration Date: 01/19/2024<sup>(4)</sup> | 20000 |
| 50 | Tesla, Inc. Exercise Price: $375, Notional Amount: $1,875,000, Expiration Date: 01/19/2024<sup>(4)</sup> | 13900 |
|  | **TOTAL CALL OPTIONS** | **37913** |
|  | **TOTAL PURCHASED OPTIONS CONTRACTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $62,042) | **37913** |
|  | **CONTINGENT VALUE RIGHTS – 0.7%** |  |
|  | **PHARMACEUTICALS – 0.0%** |  |
| 142000 | Bristol-Myers Squibb Co.<sup>(2)(4)</sup> | - |
|  | **REAL ESTATE – 0.7%** |  |
| 456540 | Hospitality Investors Trust, Inc.<sup>(2)(3)(4)</sup> | 241226 |
| 579536 | Ready Capital Corp.<sup>(2)(3)(4)</sup> | 479241 |
|  |  | **720467** |
|  | **TOTAL CONTINGENT VALUE RIGHTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $9,395,583) | **720467** |

---

---

| | | |
|:---|:---|:---|
| **Shares/** |  | |
| **Contracts/** |  | |
| **Principal** | **Security** | **Value** |
|  | **REAL ESTATE INVESTMENT TRUSTS – 28.7%** |  |
|  | **LISTED REAL ESTATE INVESTMENT TRUSTS – 8.9%** |  |
| 275000 | Newlake Capital Partners, Inc. | $4405500 |
| 4175 | Prologis, Inc., REIT | 470648 |
| 345947 | Ready Capital Corp. | 3853849 |
|  | **TOTAL LISTED REAL ESTATE INVESTMENT TRUSTS** | **8729997** |
|  | **NON-LISTED REAL ESTATE INVESTMENT TRUSTS – 7.6%** |  |
| 320112 | Healthcare Trust, Inc., 7.375% Series A Preferred Stock<sup>(2)(3)</sup> | 4323699 |
| 1061081 | NorthStar Healthcare Income, Inc., Common Stock<sup>(2)(3)(4)</sup> | 3140686 |
|  | **TOTAL NON-LISTED REAL ESTATE INVESTMENT TRUSTS** | **7464385** |
|  | **PRIVATE REAL ESTATE INVESTMENT TRUSTS – 12.2%** |  |
| 715000 | Aventine Property Group, Inc., Common Stock<sup>(2)(3)</sup> | 4969250 |
| 715000 | Treehouse Real Estate Investment Trust, Inc., Common Stock<sup>(2)(3)(5)</sup> | 6999850 |
|  | **TOTAL PRIVATE REAL ESTATE INVESTMENT TRUSTS** | **11969100** |
|  | **TOTAL REAL ESTATE INVESTMENT TRUSTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $37,691,886) | **28163482** |
|  | **ALTERNATIVE INVESTMENT FUNDS – 42.9%** |  |
| 250 | Arboretum Core Asset Fund LP<sup>(3)(5)(6)</sup> | 2357385 |
|  | Canyon CLO Fund II LP<sup>(2)(3)(7)</sup> | 9018785 |
|  | Canyon CLO Fund III LP<sup>(2)(3)(5)(7)</sup> | 4925559 |
| 4113 | Clarion Lion Industrial Trust<sup>(3)(6)</sup> | 17349175 |
|  | Ovation Alternative Income Fund<sup>(3)(6)(7)</sup> | 1131914 |
| 159 | Preservation REIT 1, Inc.<sup>(3)(6)(8)</sup> | 7216362 |
| 52 | SGOF Liquidating Master, Ltd.<sup>(3)(4)(6)</sup> | 72587 |
|  | **TOTAL ALTERNATIVE INVESTMENT FUNDS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $25,379,559) | **42071767** |

---

---

| |
|:---|
| **Destra Multi-Alternative Fund** |
| **Schedule of Investments (continued)** |
| **As of December 31, 2022 (unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **Shares/** |  | |
| **Contracts/** |  | |
| **Principal** | **Security** | **Value** |
|  | **SHORT-TERM INVESTMENTS – 6.1%** |  |
|  | **MONEY MARKET FUND – 6.1%** |  |
| 5932439 | Fidelity Investments Money Market Funds - Government Portfolio, Class I, 4.06%<sup>(1)(9)</sup> | $5932439 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $5,932,439) | **5932439** |
|  | **TOTAL INVESTMENTS – 118.5%** |  |
|  | &nbsp;&nbsp;&nbsp;(Cost $117,364,754) | **116139113** |
|  | Liabilities in Excess of Other Assets – (18.5)% | (18131102) |
|  | **TOTAL NET ASSETS – 100.0%** | $**98008011** |
|  | **WRITTEN OPTIONS CONTRACTS – (0.0)%** |  |
|  | **CALL OPTIONS – (0.0)%** |  |
| (55) | MP Materials Corp. Exercise Price: $80, Notional Amount: $(440000), Expiration Date: 01/19/2024 | (1650) |
| (30) | MP Materials Corp. Exercise Price: $70, Notional Amount: $(210000), Expiration Date: 01/19/2024 | (1500) |
| (10) | MP Materials Corp. Exercise Price: $75, Notional Amount: $(75000), Expiration Date: 01/19/2024 | (400) |
|  | **TOTAL CALL OPTIONS** | **(3550)** |
|  | **TOTAL WRITTEN OPTIONS CONTRACTS** |  |
|  | &nbsp;&nbsp;&nbsp;(Proceeds $(10052)) | **(3550)** |

---

---

| | | |
|:---|:---|:---|
| **Shares/** |  | |
| **Contracts/** |  | |
| **Principal** | **Security** | **Value** |
|  | **EXCHANGE-TRADED FUNDS SOLD SHORT – (1.1)%** |  |
| (9900) | Direxion Daily S&P 500 Bull 3X | $(614889) |
| (1290) | iShares Transportation Average ETF | (275480) |
| (9800) | ProShares UltraPro QQQ | (169540) |
|  | **TOTAL EXCHANGE-TRADED FUNDS SOLD SHORT** |  |
|  | &nbsp;&nbsp;&nbsp;(Proceeds $(802222)) | **(1059909)** |
|  | **TOTAL SHORT SECURITIES** |  |
|  | &nbsp;&nbsp;&nbsp;(Proceeds $(812274)) | $**(1063459)** |

---

<sup>(1)</sup> All or a portion of this security is segregated as collateral for securities sold short.

<sup>(2)</sup> Fair valued using significant unobservable inputs.

<sup>(3)</sup> Restricted investments as to resale.

<sup>(4)</sup> Non-income producing security.

<sup>(5)</sup> Affiliated investment for which ownership exceeds 5% of the investment's capital.

<sup>(6)</sup> Investments in Alternative Investment Funds are valued using net asset value per share (or it's equivalent) as practical expedient.

<sup>(7)</sup> Alternative investment fund does not issue shares.

<sup>(8)</sup> Affiliated investment for which ownership exceeds 25% of the investment's capital.

<sup>(9)</sup> The rate is the annualized seven-day yield as of December 31, 2022.

ETF — Exchange-Traded Fund

LP — Limited Partnership

REIT — Real Estate Investment Trusts

---

| |
|:---|
| **Destra Multi-Alternative Fund** |
| **Schedule of Investments (continued)** |
| **As of December 31, 2022 (unaudited)** |

---

Restricted securities — Restricted securities are securities that may be resold only upon registration under federal securities laws or in transactions exempt from such registration. In some cases, the issuer of restricted securities has agreed to register such securities for resale, at the issuer's expense either upon demand by the Fund or in connection with another registered offering of the securities. Many restricted securities may be resold in the secondary market in transactions exempt from registration. Such restricted securities may be determined to be liquid under criteria established by the Board. The restricted securities may be valued at the price provided by dealers in the secondary market or, if no market prices are available, the fair value as determined in good faith using methods approved by the Board. The Alternative Investment Funds generally are restricted securities that are subject to substantial holding periods and are not traded in public markets, so that the Fund may not be able to resell some of its investments for extended periods, which may be several years.

Additional information on each restricted investment held by the Fund at December 31, 2022 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Security Description** | **Acquisition**<br>**Date** |<br>**Cost** |<br>**Value** | **% of Net**<br>**Assets** |
| Always AI, Inc. | 1/5/2021 | $1999998 | $2428458 | 2.5% |
| Arboretum Core Asset Fund LP | 8/2/2018 | 2500000 | 2357385 | 2.3 |
| Aventine Property Group, Inc. | 1/13/2021 | 5392100 | 4969250 | 5.1 |
| Canyon CLO Fund II LP | 2/25/2019 | 8126591 | 9018785 | 9.2 |
| Canyon CLO Fund III LP | 3/1/2022 | 4739596 | 4925559 | 5.0 |
| Clarion Lion Industrial Trust | 6/29/2015 | 5559433 | 17349175 | 17.7 |
| Clear Street Group, Inc. | 5/11/2022 | 1500000 | 1500002 | 1.5 |
| Credit Suisse AG London | 9/13/2022 | 1500000 | 1500000 | 1.5 |
| Eat Just, Inc. | 6/11/2021 | 515501 | 450000 | 0.5 |
| GOSITE, Inc. | 7/31/2020 | 2099998 | 4680000 | 4.8 |
| GS Finance Corp. | 9/23/2022 | 500000 | 500000 | 0.5 |
| Healthcare Trust, Inc. | 3/30/2012 | 4799644 | 4323699 | 4.4 |
| Hospitality Investors Trust, Inc. | 2/17/2015 | 9236371 | 241226 | 0.2 |
| Iridia, Inc. | 2/25/2021 | 750000 | 828312 | 0.8 |
| NorthStar Healthcare Income, Inc. | 3/29/2012 | 6706530 | 3140686 | 3.2 |
| Nurture Life, Inc. | 8/2/2022 | 2550000 | 2550000 | 2.6 |
| Ovation Alternative Income Fund | 7/25/2014 | 1076773 | 1131914 | 1.2 |
| Preservation REIT 1, Inc. | 10/22/2019 | 3377166 | 7216362 | 7.4 |
| Ready Capital Corp. | 7/6/2017 | -<sup>(1)</sup> | 479241 | 0.5 |
| SGOF Liquidating Master, Ltd. | 6/2/2015 | -<sup>(1)</sup> | 72587 | 0.1 |
| Treehouse Real Estate Investment Trust, Inc. | 12/31/2018 | 8744181 | 6999850 | 7.1 |
| UBS AG London | 9/13/2022 | 3000000 | 3000000 | 3.1 |
| **Total** |  | $**74673882** | $**79662491** | **81.20%** |

---

<sup>(1)</sup> Transferred at no cost as a result of a corporate action.

## 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 Multi-Alternative Fund

- **b. Investment Company Act file number:** 811-22572

- **c. CIK number of Registrant:** 0001523289

- **d. LEI of Registrant:** 549300SP0KUS5HR5P569

- **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:** 3128436161

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

- **a. Name of Series:** Destra Multi-Alternative Fund

- **c. LEI of Series:** 549300SP0KUS5HR5P569

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $115044074.91

**Total Liabilities:** $17036063.99

**Net Assets:** $98008010.92

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A |  |  |  |
| Class ID N/A |  |  |  |
| Class ID N/A | 4.88%                | 1.92%                | -2.27%               |
| Class ID N/A |  |  |  |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $121910.26               | $4192721.19                                |
| Month 2  | $0.00                    | $2845596.07                                |
| Month 3  | $-54604.33               | $-3109165.56                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Tesla, Inc.                                | Tesla, Inc.                                        | CUSIP: 999999999<br>LEI: 54930043XZGB27CTOV49 | N/A              | DE               |  | US        |       100 | NC      | $20000.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Tesla, Inc.                                | Tesla, Inc.                                        | CUSIP: 999999999<br>LEI: 54930043XZGB27CTOV49 | N/A              | DE               |  | US        |        50 | NC      | $13900.00     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| MP Materials Corp.                         | MP Materials Corp.                                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |       -30 | NC      | $-1500.00     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| MP Materials Corp.                         | MP Materials Corp.                                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |       -10 | NC      | $-400.00      | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| MP Materials Corp.                         | MP Materials Corp.                                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |       -55 | NC      | $-1650.00     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| MP Materials Corp.                         | MP Materials Corp.                                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |       195 | NC      | $1950.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| MP Materials Corp.                         | MP Materials Corp.                                 | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               |  | US        |        75 | NC      | $2062.50      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| CREDIT SUISSE AG LONDON                    | Credit Suisse AG/London                            | CUSIP: 22553QL62<br>LEI: ANGGYXNX0JLX3X63JN86 | Long             | SN               | CORP              | CH        |   1500000 | PA      | $1500000.00   | 1.53%             | 2025-09-18      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| GS FINANCE CORP                            | GS Finance Corp.                                   | CUSIP: 40057NCK1<br>LEI: 549300FR80KBVO6DRL61 | Long             | SN               | CORP              | US        |    500000 | PA      | $500000.00    | 0.51%             | 2024-09-30      | Fixed         | 12.10%                | Yes           | 3                  | On Loan: No      |
| UBS AG LONDON                              | UBS AG/London                                      | CUSIP: 90279FTU5<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | SN               | CORP              | CH        |   3000000 | PA      | $3000000.00   | 3.06%             | 2025-09-18      | Fixed         | 13.75%                | Yes           | 3                  | On Loan: No      |
| HEALTHCARE TRUST, INC.   /                 | HEALTHCARE TRUST, INC.   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    320112 | OU      | $4323699.12   | 4.41%             |  |  |  | Yes           | 3                  | On Loan: No      |
| AbbVie Inc                                 | AbbVie, Inc.                                       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      2620 | NS      | $423418.20    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Analog Devices Inc                         | Analog Devices, Inc.                               | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      3497 | NS      | $573612.91    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| ALWAYS AI, Inc.    /                       | ALWAYS AI, Inc.    /                               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    744880 | OU      | $2428457.78   | 2.48%             |  |  |  | Yes           | 3                  | On Loan: No      |
| ARBORETUM CORE ASSET FUND, LP   /          | ARBORETUM CORE ASSET FUND, LP   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |       250 | OU      | $2357385.00   | 2.41%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Aventine Property Group, Inc.   /          | Aventine Property Group, Inc.   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    715000 | OU      | $4969250.00   | 5.07%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Broadcom Inc                               | Broadcom, Inc.                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1135 | NS      | $634612.55    | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Baker Hughes Co                            | Baker Hughes Co.                                   | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21059 | NS      | $621872.27    | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Bristol-Myers Squibb Co                    | Bristol-Myers Squibb Co.                           | CUSIP: 110122157<br>LEI: HLYYNH7UQUORYSJQCN42 | N/A              | DE               | CORP              | US        |    142000 | NC      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Blackstone Inc                             | Blackstone, Inc.                                   | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      5099 | NS      | $378294.81    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| CANYON CLO FUND III CAYMAN, Ltd.   /       | CANYON CLO FUND III CAYMAN, Ltd.   /               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $4925558.65   | 5.03%             |  |  |  | Yes           | 3                  | On Loan: No      |
| CANYON CLO FUND II LP   /                  | CANYON CLO FUND II LP   /                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $9018784.84   | 9.20%             |  |  |  | Yes           | 3                  | On Loan: No      |
| CION Investment Corp                       | CION Investment Corp.                              | CUSIP: 17259U204<br>LEI: 549300XN70JLF94XKX80 | Long             | EC               | CORP              | US        |     10094 | NS      | $98416.50     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| CLARION LION INDUSTRIAL TRUST   /          | CLARION LION INDUSTRIAL TRUST   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |      4113 | OU      | $17349174.96  | 17.70%            |  |  |  | Yes           | N/A                | On Loan: No      |
| CLEAR STREET GROUP SERIES B PREFERRED   /  | CLEAR STREET GROUP SERIES B PREFERRED   /          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    179641 | OU      | $1500002.35   | 1.53%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Comcast Corp                               | Comcast Corp., Class A                             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     12254 | NS      | $428522.38    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Cummins Inc                                | Cummins, Inc.                                      | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      3290 | NS      | $797134.10    | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Corteva Inc                                | Corteva, Inc.                                      | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      6632 | NS      | $389828.96    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| EAT JUST, INC.    /                        | EAT JUST, INC.    /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |     23723 | OU      | $450000.00    | 0.46%             |  |  |  | Yes           | 3                  | On Loan: No      |
| EOG Resources Inc                          | EOG Resources, Inc.                                | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      5569 | NS      | $721296.88    | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity Government Portfolio              | Fidelity Government Portfolio, Class Institutional | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   7415566 | PA      | $7415565.97   | 7.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Corning Inc                                | Corning, Inc.                                      | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     20034 | NS      | $639885.96    | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| GOSITE,, Inc.    /                         | GOSITE,, Inc.    /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    542467 | OU      | $4680000.00   | 4.78%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Huntington Bancshares Inc/OH               | Huntington Bancshares, Inc.                        | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     47558 | NS      | $670567.80    | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| HOSPITALITY INVESTOR CVR   /               | HOSPITALITY INVESTOR CVR   /                       | CUSIP: 02918F103<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    456540 | NC      | $241225.99    | 0.25%             |  |  |  | Yes           | 3                  | On Loan: No      |
| IFF                                        | International Flavors & Fragrances, Inc.           | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |      4847 | NS      | $508159.48    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| IRIDIA,, Inc.    /                         | IRIDIA,, Inc.    /                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    497216 | OU      | $828312.13    | 0.85%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Illinois Tool Works Inc                    | Illinois Tool Works, Inc.                          | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      2618 | NS      | $576745.40    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares US Transportation ETF              | iShares U.S. Transportation ETF                    | CUSIP: 464287192<br>LEI: 54930060GGS23N7A3X92 | Short            |  | RF                | US        |     -1290 | NS      | $-275479.50   | -0.28%            |  |  |  | No            | 1                  | On Loan: No      |
| L3Harris Technologies Inc                  | L3Harris Technologies, Inc.                        | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      2248 | NS      | $468056.08    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| McDonald's Corp                            | McDonald's Corp.                                   | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      2090 | NS      | $550777.70    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley                             | Morgan Stanley                                     | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      7315 | NS      | $621921.30    | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Microsoft Corp                             | Microsoft Corp.                                    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2268 | NS      | $543911.76    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| NextEra Energy Inc                         | NextEra Energy, Inc.                               | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7227 | NS      | $604177.20    | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Newmont Corp                               | Newmont Corp.                                      | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     12163 | NS      | $574093.60    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| NorthStar Healthcare Income In             | NorthStar Healthcare Income, Inc.                  | CUSIP: 66705T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1061081 | OU      | $3140685.60   | 3.20%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Newlake Capital Partners Inc/M             | Newlake Capital Partners, Inc., REIT               | CUSIP: 651495103<br>LEI: 549300SW6G33FGNP2338 | Long             |  | CORP              | US        |    275000 | NS      | $4405500.00   | 4.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Northrop Grumman Corp                      | Northrop Grumman Corp.                             | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       900 | NS      | $491049.00    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Nurture Life, Inc. Conv 6.0% 12/31/23   /  | Nurture Life, Inc. Conv 6.0% 12/31/23   /          | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              |  | US        |   2550000 | PA      | $2550000.00   | 2.60%             | 2023-12-31      | Fixed         | 6.00%                 | Yes           | 3                  | On Loan: No      |
| Owl Rock Capital Corp                      | Owl Rock Capital Corp.                             | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |    316500 | NS      | $3655575.00   | 3.73%             |  |  |  | No            | 1                  | On Loan: No      |
| OVATION ALTERNATIVE INCOME FUND, LP   /    | OVATION ALTERNATIVE INCOME FUND, LP   /            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $1131914.27   | 1.15%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Principal Financial Group Inc              | Principal Financial Group, Inc.                    | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |      6654 | NS      | $558403.68    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Parker-Hannifin Corp                       | Parker-Hannifin Corp.                              | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      1839 | NS      | $535149.00    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Prologis Inc                               | Prologis, Inc., REIT                               | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             |  | CORP              | US        |      4175 | NS      | $470647.75    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| PRESERVATION REIT 1, Inc.   /              | PRESERVATION REIT 1, Inc.   /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |       159 | OU      | $7216362.30   | 7.36%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Pioneer Natural Resources Co               | Pioneer Natural Resources Co.                      | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      3198 | NS      | $730391.22    | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Global X Nasdaq 100 Covered Ca             | Global X Nasdaq 100 Covered Call ETF               | CUSIP: 37954Y483<br>LEI: 54930002VYV0ZD18OT06 | Long             |  | RF                | US        |    119330 | NS      | $1898540.30   | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Ready Capital Corp                         | Ready Capital Corp., REIT                          | CUSIP: 75574U101<br>LEI: 549300MYWGZUG7ZUYO87 | Long             |  | CORP              | US        |    345947 | NS      | $3853849.58   | 3.93%             |  |  |  | No            | 1                  | On Loan: No      |
| READY CAPITAL Corp. CONT EQUITY RIGHTS   / | READY CAPITAL Corp. CONT EQUITY RIGHTS   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    579536 | NC      | $479240.54    | 0.49%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Rockwell Automation Inc                    | Rockwell Automation, Inc.                          | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      1695 | NS      | $436581.15    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| SGOF LIQUIDATING MASTER, Ltd.   /          | SGOF LIQUIDATING MASTER, Ltd.   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |        52 | OU      | $72587.47     | 0.07%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Direxion Daily S&P 500 Bull 3X             | Direxion Daily S&P 500 Bull 3X                     | CUSIP: 25459W862<br>LEI: WJRYIWB43R3GOXOHLG28 | Short            |  | RF                | US        |     -9900 | NS      | $-614889.00   | -0.63%            |  |  |  | No            | 1                  | On Loan: No      |
| Target Corp                                | Target Corp.                                       | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      2534 | NS      | $377667.36    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| TJX Cos Inc/The                            | TJX Cos., Inc.                                     | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      8092 | NS      | $644123.20    | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| ProShares UltraPro QQQ                     | ProShares UltraPro QQQ                             | CUSIP: 74347X831<br>LEI: 03026FQTQRJ0JSTBI779 | Short            |  | RF                | US        |     -9800 | NS      | $-169540.00   | -0.17%            |  |  |  | No            | 1                  | On Loan: No      |
| TREEHOUSE REIT, INC.    /                  | TREEHOUSE REIT, INC.    /                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    715000 | OU      | $6999850.00   | 7.14%             |  |  |  | Yes           | 3                  | On Loan: No      |
| UnitedHealth Group Inc                     | UnitedHealth Group, Inc.                           | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1200 | NS      | $636216.00    | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Union Pacific Corp                         | Union Pacific Corp.                                | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      2193 | NS      | $454104.51    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| United Parcel Service Inc                  | United Parcel Service, Inc., Class B               | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      3067 | NS      | $533167.28    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-28

**Name of Applicant:** Destra Multi-Alternative Fund

**Signature:** /s/ Derek Mullins

**Name of Signer:** Derek Mullins

**Title:** Chief Financial Officer