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0.0637
<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">Class A (return before taxes)</font></p>
<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">Class C (return before taxes)</font></p>
<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">Class I (return before taxes)</font></p>
<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">Class A (return after taxes on distributions)</font></p>
<p style="margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Class A (return after taxes on
distributions and sale of Fund shares)</font></p>
<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">S&P 500 Index (reflects no deduction for fees,
expenses or taxes)</font></p>
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0.0963
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<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">The table below shows the variability
of the Fund’s average annual returns and how they compare over the time periods indicated with those of a broad measure
of market performance and an index of funds with similar investment objectives.  All after-tax returns are calculated
using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.  After-tax
returns are shown for Class A shares only; after-tax returns for other share classes will vary.  Your own actual after-tax
returns will depend on your specific tax situation and may differ from what is shown here. After-tax returns are not relevant
to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">Both the bar chart and the table
assume that all distributions have been reinvested.  Performance reflects fee waivers, if any, in effect during the periods
presented. If any such waivers were not in place, returns would be reduced.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Average Annual Total Returns for the
Periods Ended December 31, 2012</b></p>
<p style="font: 11.5pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><font style="font-size: 8pt; background-color: white"><b>Destra
High Dividend Strategy Fund</b></font></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white"><b>Investment Objective</b></p>
<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">The Fund’s investment objective is to seek long-term
total return and current income.</font></p>
<p style="margin: 0pt"><font style="font: 8pt Times New Roman, Times, Serif"><b>Fees and Expenses of the Fund</b></font></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">This table describes the fees and
expenses that you may pay if you buy and hold shares of the Fund.  For Class A shares, you may qualify for sales charge
discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Destra mutual
funds.   More information about these and other discounts, as well as eligibility requirements for each share class,
is available from your financial professional and in “Shareholder Information” on page 31 of the Fund’s Prospectus
and “Purchases” on page 62 of the Fund’s Statement of Additional Information.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white"><b>Shareholder Fees </b>(fees
paid directly from your investment)</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white"><b>Annual Fund Operating
Expenses </b>(expenses that you pay each year as a percentage of the value of your investment)</p>
<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">February 1, 2022</font></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white"><b>Portfolio Turnover</b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">The Fund pays transaction costs,
such as commissions, when it buys and sells securities (or “turns over” its portfolio).  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.  These
costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance.  During
the most recent fiscal period ended September 30, 2012, the Fund’s portfolio turnover rate was 16.80% of the average value
of its portfolio.</p>
0.1680
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">you may qualify for sales charge
discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Destra mutual
funds.   More information about these and other discounts, as well as eligibility requirements for each share class,
is available from your financial professional and in “Shareholder Information” on page 31 of the Fund’s Prospectus
and “Purchases” on page 62 of the Fund’s Statement of Additional Information.</p>
50000
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white"><b>Example</b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><font style="font-size: 8pt">This
example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.  The
example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all
of your shares at the end of those periods.  The example also assumes that your investment has a 5% return each year
and that the Fund’s operating expenses remain the same.  Although your actual costs may be higher or lower, based
on these assumptions your costs would be:</font></p>
<p style="margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif"><b>Redeemed</b></font></p>
<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif"><b>Not Redeemed</b></font></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white"><b>Principal Investment Strategies</b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">The Fund seeks to achieve its investment
objective by investing primarily in a diversified<b> </b>portfolio of equity securities.  Under normal circumstances,
the Fund will invest at least 80% of its net assets in dividend-producing equity securities. The Fund may invest in securities
of companies with any market capitalization. Equity securities held by the Fund may include common stocks, preferred shares, convertible
securities and securities or other instruments whose price is linked to the value of common stock, depository receipts, and securities
of master limited partnerships (“MLPs”).</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">The Fund may invest in U.S. dollar-denominated
securities of U.S. and foreign issuers, and up to 20% of its total assets in securities denominated in non-U.S. dollar currencies.
The Fund may invest in securities from any country. </p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">The
Fund’s sub-adviser, Miller/Howard Investments, Inc. (the “Sub-Adviser”) believes that financially strong
stocks with rising dividends offer the prospects of consistent performance as well as potential added value. Stock prices
fluctuate, but dividends add current returns and, over  time, increases in dividends can induce increases in the price
of the stocks generating those dividends. The Sub-Adviser’s research shows that dividends can be large contributors to
total returns, and that by focusing on companies with a consistent track record of increasing their dividends, investors have
an opportunity to generate superior risk-adjusted performance over time.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">The Sub-Adviser's goal is to provide
for annual increases in income that exceed the rate of inflation over time. Their investment process starts by identifying,
selecting, and investigating stocks that pass initial quantitative screens for quality, yield, and growth of yield. Preference
is given to companies with monopoly-like characteristics and recurring revenues, which may be attained through proprietary goods
and services, strategic geographic positioning, or market dominance. The Sub-Adviser seeks companies that fulfill society’s
basic requirements as well as those with a unique potential or “growth kicker” – such as new products, hidden
assets, or industry conditions – which is not currently reflected in the stock price. Candidates are then ranked according
to yield, growth of yield, special growth potentials, and contribution to overall diversification of the portfolio.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">Under normal circumstances, the Fund
will invest at least 80% of its net assets in dividend-producing equity securities. The Fund may invest in securities of companies
with any market capitalization. Equity securities held by the Fund may include common stocks, preferred shares, convertible securities
and securities or other instruments whose price is linked to the value of common stock, depository receipts, and securities of
master limited partnerships (“MLPs”).</p>
<p style="margin: 0pt"></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white"><font style="font-variant: small-caps"><b>Principal
Risks</b></font></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">Risk is inherent in all investing.
The value of your investment in the Fund, as well as the amount of return you receive on your investment, may fluctuate significantly
from day to day and over time. You may lose part or all of your investment in the Fund or your investment may not perform as well
as other similar investments. The following is a summary description of certain risks of investing in the Fund.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>Equity Securities Risk</b> — Stock
markets are volatile. The price of equity securities fluctuates based on changes in a company’s financial condition and overall
market and economic conditions.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>Dividend Income Risk</b>—Companies
that issue dividend yielding equity securities are not required to continue to pay dividends on such stock. Therefore, there is
the possibility that such companies could reduce or eliminate the payment of dividends in the future. In such an event, the yield
on the Fund’s dividend paying equity securities would be adversely affected.  Depending upon market conditions,
income producing equities that meets the Fund’s investment criteria may not be widely available and/or may be highly concentrated
in only a few market sectors. This may limit the ability of the Fund to achieve its investment objective.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>Foreign Investment Risk/Emerging
Markets Risk</b>—Because the Fund can invest its assets in foreign instruments, the value of Fund shares can be adversely
affected by changes in currency exchange rates and political and economic developments abroad. Foreign markets may be smaller,
less liquid and more volatile than the major markets in the United States, and as a result, Fund share values may be more volatile.
Trading in foreign markets typically involves higher expense than trading in the United States. The Fund may have difficulties
enforcing its legal or contractual rights in a foreign country. These additional risks may be heightened for securities of
companies located in, or with significant operations in, emerging market countries.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>Depositary Receipts Risk</b>—Depositary
receipts may be less liquid than the underlying shares in their primary trading market. Any distributions paid to the holders of
depositary receipts are usually subject to a fee charged by the depositary. Holders of depositary receipts may have limited voting
rights, and investment restrictions in certain countries may adversely impact the value of depositary receipts because such restrictions
may limit the ability to convert equity shares into depositary receipts and vice versa. Such restrictions may cause equity shares
of the underlying issuer to trade at a discount or premium to the market price of the depositary receipts.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>Currency Risk</b>—Since
a portion of the Fund’s assets may be invested in securities denominated foreign currencies, changes in currency exchange
rates may adversely affect the Fund’s net asset value, the value of dividends and income earned, and gains and losses realized
on the sale of securities.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>Master Limited Partnership Risk
and Sector Risk</b>—An investment in units of master limited partnerships (“MLPs”) involves certain risks which
differ from an investment in the securities of a corporation. Holders of MLP units have limited control and voting rights on matters
affecting the partnership. In addition, there are certain tax risks associated with an investment in MLP units and the potential
for conflicts of interest exist between common unit holders and the general partner, including those arising from incentive distribution
payments.  The benefit the Fund derives from investment in MLP units is largely dependent on the MLPs being treated as
partnerships and not as corporations for federal income tax purposes.  If an MLP were classified as a corporation for
federal income tax purposes, there would be reduction in the after-tax return to the Fund of distributions from the MLP, likely
causing a reduction in the value of the Fund’s shares.  MLP entities are typically focused in the energy, natural
resources and real estate sectors of the economy.  A downturn in the energy, natural resources or real estate sectors
of the economy could have an adverse impact on the Fund. At times, the performance of securities of companies in the energy, natural
resources and real estate sectors of the economy may lag the performance of other sectors or the broader market as a whole.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>Energy Companies Risk</b>—The
Fund invests in energy companies, including pipeline and gas distribution companies. General problems of energy companies include
volatile fluctuations in price and supply of energy fuels, international politics, terrorist attacks, reduced demand as a result
of increases in energy efficiency and energy conservation, the success of exploration projects, clean-up and litigation costs relating
to oil spills and environmental damage, and tax and other regulatory policies of various governments. Natural disasters such as
hurricanes in the Gulf of Mexico will also impact energy companies.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>Health Care Companies Risk</b>—The
Fund invests in health care companies, including those that are involved in medical services or health care, including biotechnology
research and production, drugs and pharmaceuticals and health care facilities and services, and are subject to extensive competition,
generic drug sales or the loss of patent protection, product liability litigation and increased government regulation.  Research
and development costs of bringing new drugs to market are substantial, and there is no guarantee that the product will ever come
to market.  Health care facility operators may be affected by the demand for services, efforts by government or insurers
to limit rates, restriction of government financial assistance and competition from other providers.<br />
 </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>Convertible Securities Risk</b> —
The market value of a convertible security often performs like that of a regular debt security; that is, if market interest rates
rise, the value of a convertible security usually falls. In addition, convertible securities are subject to the risk that the issuer
will not be able to pay interest or dividends when due, and their market value may change based on changes in the issuer’s
credit rating or the market’s perception of the issuer’s creditworthiness. Since it derives a portion of its value
from the common stock into which it may be converted, a convertible security is also subject to the same types of market and issuer
risks that apply to the underlying common stock.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>Market Risk and Selection Risk
— </b>Market risk is the risk that one or more markets in which the Fund invests will go down in value, including the
possibility that the markets will go down sharply and unpredictably. Selection risk is the risk that the securities selected by
Fund management will under-perform the markets, the relevant indices or the securities selected by other funds with similar investment
objectives and investment strategies. This means you may lose money.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>Derivatives Risk</b>—The
use of derivatives such as optionsentail certain execution, market, liquidity, hedging and tax risks.  If the investment
adviser’s prediction of movements in the direction of the securities, foreign currency, interest rate or other referenced
instruments or markets is inaccurate, the consequences to the Fund may leave the Fund in a worse position than if it had not used
such strategies.  The Fund will be subject to risks that include, among other things, the risk of default and insolvency
of the obligor of such asset, the risk that the credit of the obligor or the underlying collateral will decline or the risk that
the common stock of the underlying issuer will decline in value.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>Risks Associated with Active Management</b>—The
Fund is an actively managed portfolio and its success depends upon the investment skills and analytical abilities of the Fund’s
sub-adviser to develop and effectively implement strategies that achieve the Fund’s investment objective. Subjective decisions
made by the investment sub-adviser may cause the Fund to incur losses or to miss profit opportunities on which it may otherwise
have capitalized.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><b>General Fund Investing Risks</b>—The
Fund is not a complete investment program and you may lose money by investing in the Fund. All investments carry a certain amount
of risk and there is no guarantee that the Fund will be able to achieve its investment objective. In general, the Annual Fund Operating
Expenses expressed as a percentage of the Fund’s average daily net assets will change as Fund assets increase and decrease,
and the Fund’s Annual Fund Operating Expenses may differ in the future. Purchase and redemption activities by Fund shareholders
may impact the management of the Fund and its ability to achieve its objective. Investors in the Fund should have long-term investment
perspective and be able to tolerate potentially sharp declines in value. An investment in the Fund is not a deposit in a bank and
is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, entity or person.</p>
<p style="margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">You may lose part or all of your
investment in the Fund or your investment may not perform as well as other similar investments.</font></p>
<p style="margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">An investment in the Fund is not
a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency,
entity or person.</font></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white"><b>Fund Performance</b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">The following bar chart and table
provide some indication of the potential risks of investing in the Fund.  The Fund’s past performance (before and
after taxes) is not necessarily an indication of how the Fund will perform in the future.  Updated performance information
is available at www.destracapital.com or by calling  (877) 287-9646.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">The bar chart below shows the Fund’s
performance for Class A shares.  The performance of the other share classes will differ due to their different expense
structures.  The bar chart and highest/lowest quarterly returns that follow do not reflect sales charges, and if these
charges were reflected, the returns would be less than those shown.</p>
<p style="margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The Fund’s past performance
(before and after taxes) is not necessarily an indication of how the Fund will perform in the future.  </font></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white"><b>Calender Year Total Return as
of 12/31 </b></p>
<p style="margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The bar chart and highest/lowest
quarterly returns that follow do not reflect sales charges, and if these charges were reflected, the returns would be less than
those shown.</font></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">* Class A year-to-date total return
as of December 31, 2012 was 6.37%.</p>
<p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">During the period ended December
31, 2012, the Fund’s highest and lowest quarterly returns were 4.94% and (1.84)%, respectively, for the quarters ended September
30, 2012 and December 31, 2012.</p>
<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">year-to-date total return</font></p>
2012-12-31
0.0637
<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">highest quarterly returns</font></p>
2012-09-30
0.0494
<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">lowest quarterly returns</font></p>
2012-12-31
-0.0184
<p style="margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">All after-tax returns are calculated
using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font></p>
<p style="margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">After-tax returns are not relevant
to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans.</font></p>
<p style="margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">After-tax returns are shown for
Class A shares only; after-tax returns for other share classes will vary.</font></p>
<p style="font: 10pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><font style="font: 8pt Times New Roman, Times, Serif; background-color: white">reflects
no deduction for fees, expenses or taxes</font></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white">Other Expenses are based on estimated
amounts for the Fund's current fiscal year. Other Expenses may include acquired fund fees, which were not included as fund expenses
in the annual report.</p>
A contingent deferred sales charge of 1.00% may apply to Class A shares purchased without an initial sales charge if redeemed within 12 months of purchase.
Other Expenses are based on estimated amounts for the Fund's current fiscal year. Other Expenses may include acquired fund fees, which were not included as fund expenses in the annual report.
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 1.60% for Class A, 2.35% for Class C, 1.70% for Class P and 1.32% 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.