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Allocation Dynamics

As the tumultuous market came to an end on 12/31/18 our portfolio was allocated almost exclusively to Cash, Fixed Income and Alternatives with top weighs of 20.70% for Cash, 19.52% for Fixed Income, 18.66% Currencies, 17.38% Gold and 16.65% in Real Estate, combining for nearly 93% of the portfolio. Gold was by far the biggest mover in the month, up some 13% from the previous month end (11/30/18). With the massive selling off in Emerging Markets, some money began flowing back into the asset class, almost certainly bargain hunting and it caught a bid in the Wolverine system, entering the portfolio just before year end at a slim 2.32%. The Dynamic Asset process, proved once again how quick and responsive it is to market changes.

Portfolio Asset Allocation

For additional information on the Destra Wolverine Dynamic Asset Fund, please visit the Fund Profile.

VIEW FUND PROFILE


Total Return

Month over Month

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 -1.48 -1.19
2016 -3.57 1.27 3.03 0.61 -1.21 3.06 2.27 -1.45 0.20 -1.76 0.40 1.41
2017 0.60 2.00 -0.10 1.28 1.65 0.29 2.76 0.74 0.83 1.91 0.63 1.17
2018 5.62 -4.22 -1.15 0.09 0.89 0.35 0.62 2.36 -0.68 -6.80 0.37 -3.61

Monthly

as of 12/31/18

ticker 3 MO YTD 1 YR 3 YR from
incep.
distribution
DWAAX1 A at NAV -9.86 -6.80 -6.80 3.46 2.68 quarterly
DWAAX A -13.94 -11.01 -11.01 1.89 1.23 quarterly
DWAIX I -9.83 -6.53 -6.53 3.70 2.95 quarterly
DWACX C -10.91 -8.34 -8.34 2.66 1.91 quarterly
Index2 -5.57 -6.74 -6.74 0.44 0.22

Quartrely

as of 12/31/18

ticker 3 MO YTD 1 YR 3 YR from
incep.
distribution
DWAAX1 A at NAV -9.86 -6.80 -6.80 3.46 2.68 quarterly
DWAAX A -13.94 -11.01 -11.01 1.89 1.23 quarterly
DWAIX I -9.83 -6.53 -6.53 3.70 2.95 quarterly
DWACX C -10.91 -8.34 -8.34 2.66 1.91 quarterly
Index2 -5.57 -6.74 -6.74 0.44 0.22

1 At NAV

2 The HFRX Global Hedge Fund Index (see glossary below for definition).

Class A shares performance reflects the deduction of the maximum sales charge of 4.50%

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

Class C shares have a maximum contingent deferred sales charge (CDSC) of 1%. However, w/CDSC performance for Class C shares reflects the deduction of 1% for all shares redeemed within 12 months of purchase.

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

A 2% redemption fee will be imposed on certain redemptions or exchanges out of the Class I shares of the Fund within 90 days of purchase. Exceptions to the redemption fee are listed in the Fund's prospectus.

This material is prepared for internal or financial professional use only. It may not be reproduced or shown to members of the public or used in written form as sales literature. Any such use would be contrary to FINRA Conduct Rules.

Data presented reflects past performance, which is no guarantee of future results. Investment results and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, current performance may be higher or lower than the performance shown. Call 877.855.3434 or access our website at destracapital.com for performance current to the most recent month end. Performance shown for Class A Shares with load includes the Fund’s maximum sales charge of 5.75%. Returns for period of less than one year are not annualized, and include reinvestment of all distributions. A 2.00% redemption fee for trades less than 90 days in Class I Shares may apply.

The Adviser has agreed to cap expenses such that the total annual fund operating expenses, excluding brokerage commissions and other trading expenses, taxes, acquired fund fees and other extraordinary expenses (such as litigation and other expenses not incurred in the ordinary course of business) at 2.14% for Class A, 2.79% for Class C and 1.78% for Class I. This waiver will continue in effect until February 1, 2022. The waiver may be terminated or modified prior to February 1, 2022 only with the approval of the Board of Trustees of the Trust. The gross expenses for the Class A, Class C and Class I shares are 2.14%, 2.79% and 1.78% respectively. Class A shares have a 12b-1 fee of 0.25% and 1.00% for Class C Shares.

*The since inception index return is calculated using the month end data of the Fund’s inception.