DGISX — Destra Granahan Small Cap Advantage Fund
Data updated: 2024-12-10
DGISX — Destra Granahan Small Cap Advantage Fund. United States Small Cap Growth Equity · $14.16M AUM. Holdings, fees, performance and SEC filings.
DGISX Fund Overview
DGISX — Destra Granahan Small Cap Advantage Fund is a US mutual fund managed by Destra Investment Trust, categorised as United States Small Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Destra Investment Trust
- Category: United States Small Cap Growth Equity
- Assets under management: $14.16M
- 1-year return: -3.7%
- Ticker: DGISX
- SEC CIK: 0001492374
- SEC series ID: S000066146
- Share class ID: C000213740
DGISX Investment Objective and Strategy
Destra Granahan Small Cap Advantage Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Destra Investment Trust.
Investment objective
The investment objective of Destra Granahan Small Cap Advantage Fund (the Fund ) is to seek long-term capital appreciation.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of issuers with small market capitalizations (the 80% Policy). The Fund considers issuers with small market capitalizations to be those that, at the time the Fund makes an investment, have market capitalizations that qualified them for inclusion in the Russell 2000 Growth Index in the last 36 months. Such definition will be applied at the time of investment and the Fund will not be required to sell a stock because a company has grown outside the market capitalization range of small capitalization stocks. The Russell 2000 Growth Index is a stock market index that measures the performance of approximately 2,000 small capitalization U.S. companies.
The Fund may satisfy its 80% Policy by investing in securities of other open-end or closed-end investment companies, including exchange-traded funds (ETFs) that invest primarily in securities of the types in which the Fund may invest directly. The Funds investments primarily consist of equity and equity-related securities, including, without limitation, exchange-traded and over-the-counter common and preferred stocks, U.S. dollar-denominated American Depositary Receipts ( ADRs ), warrants to acquire common stock, securities convertible into common stock and shares of other investment companies (including ETFs and real estate investment trusts ( REITs )). The Funds investments may include investments in non-U.S. securities and securities issued by companies organized or headquartered in foreign countries and/or doing significant business outside of the United States.
The Funds sub-adviser, Granahan Investment Management, LLC (the Sub-Adviser or GIM ), pursues the Funds investment objective by using in-depth, bottom-up, fundamental research and analysis to uncover what it believes are compelling investment opportunities in all areas of the U.S. small cap market. In addition, the Sub-Adviser employs a proprietary LifeCycle investment program to assist it with diversifying the Funds holdings and seeking to mitigate portfolio risks. Pursuant to this program, each company in which the Sub-Adviser might invest is placed into one of three categories: (i) Core Growth, (ii) Pioneer, or (iii) Special Situation. Although the Sub-Adviser retains flexibility in selecting the LifeCycle category for each prospective investment, the Sub-Adviser generally intends to allocate approximately 25?-?45% of the Funds assets to Pioneers; 20?-?35% of the Funds assets to Core Growth; and 30?-?45% to Special Situations.
The general characteristics of each category are described below. ? Pioneers . Pioneers are companies that the Sub-Adviser believes are creating new markets or disrupting established industries. Pioneer companies frequently do not have earnings at the time of the Sub-Advisers investment. The Funds investments in pioneer companies may be concentrated in businesses operating in the biotechnology, medical technology and information technology sectors. The Funds investments in companies in the biotechnology, medical technology and information technology sectors are subject to substantial risks, which are described in Health Care Sector Risk and Information Technology and Technology-Related Sectors Risk below. ? Core Growth . Core growth companies are generally those that the Sub-Adviser believes have solid records of growth, recurring revenues and good visibility on earnings.
? Special Situations . Special situation companies are typically those that have unimpressive histories and new dynamics that could drive earnings growth. The Funds investments in special situation companies may be concentrated in industrial and cyclical growth companies. The Sub-Adviser believes that each of these LifeCycle categories has distinct performance drivers and that investing in companies in each category provides diversity in the Funds portfolio. Once the Sub-Adviser has classified a prospective Fund investment, it focuses on stock selection as the primary means to add value for the Fund. The Sub-Adviser aims to select investments across the three LifeCycle categories that are market leaders (or are taking market share) and exhibit potential for strong and/or accelerating growth.
The Sub-Adviser uses an investment management approach whereby portfolio managers with distinct expertise manage portions of the Funds portfolio that relate to such expertise. The Sub-Adviser believes that this approach mitigates some of the volatility of a sole-managed portfolio and allows for direct accountability for results of the Fund by each portfolio manager. The Fund is actively-managed and, accordingly, it may have a high portfolio turnover rate. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. The Fund is classified as diversified under the Investment Company Act of 1940, as amended (the 1940 Act ).
DGISX Holdings
Top 10 holdings of Destra Granahan Small Cap Advantage Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Zeta Global Holdings Corp | 4.60% |
| indie Semiconductor Inc | 3.08% |
| Axon Enterprise Inc | 3.07% |
| Sprout Social Inc | 2.98% |
| Victory Capital Holdings Inc | 2.82% |
| Casella Waste Systems Inc | 2.73% |
| SPS Commerce Inc | 2.71% |
| Genius Sports Ltd | 2.71% |
| Topgolf Callaway Brands Corp | 2.22% |
| Guidewire Software Inc | 2.20% |
DGISX Portfolio Allocation
Asset-class allocation of Destra Granahan Small Cap Advantage Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.0% |
| Cash & Equivalents | 1.5% |
DGISX Performance
Total returns for DGISX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -3.7% |
| 3 years (annualised) | -15.4% |
DGISX Risk Information
Risk metrics for DGISX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 26.3%
DGISX Costs and Fees
DGISX costs about $150 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.50%
- Gross expense ratio: 2.60%
- Portfolio turnover: 60%
- Brokerage commissions: 11.63 bps of average net assets (SEC N-CEN)
DGISX Cashflows
Over the 12 months to 2024-06, Destra Granahan Small Cap Advantage Fund had net inflows of $991.07K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | −$73.32K |
| 2024-05 | −$739.69K |
| 2024-04 | −$185.16K |
| 2024-03 | −$194.72K |
| 2024-02 | −$99.17K |
| 2024-01 | −$982.10K |
DGISX Debt Constituents
No individual debt constituents are reported in Destra Granahan Small Cap Advantage Fund's latest SEC N-PORT filing.
DGISX Prospectus and SEC Filings
Official Destra Granahan Small Cap Advantage Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-01-26
- Prospectus (485BPOS) — filed 2023-01-27
- Prospectus supplement (497) — filed 2022-02-04
- Portfolio holdings (N-PORT) — filed 2024-08-28
- Portfolio holdings (N-PORT) — filed 2024-05-28
- Portfolio holdings (N-PORT) — filed 2024-02-28
- Annual census (N-CEN) — filed 2024-12-10
- Annual census (N-CEN) — filed 2023-12-08
Related Funds
Other United States Small Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.