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Highland Global Allocation Fund  as of 05/22/2020

NYSE / HGLB Asset Class:  Global Funds 1 YR Lipper Avg:  -5.81%

Growth of $10K

Avg Annual Total Return %
  10 YR 5 YR 1 YR YTD
Market Return -- -- -42.83% -32.55%
Lipper Pct. Rank -- -- 96 92
NAV Return -1.31% -9.93% -24.16% -13.37%
Lipper Pct. Rank 91 97 93 39
Premium/Discount History

Premium/Discount
10 YR Avg 5 YR Avg YTD Avg
-- -- -17.390%

NAV $9.86 Market Price $5.89
Net Change $0.10 Market Change $0.20
Premium/Discount -40.26%
1 YR NAV Return -24.157%
1 YR NAV Rank 93
12-Mo Yield as of 4/30/2020 Yield Def
Income Only Yield 2.11%
Distribution Yield (Market) 23.35%
Most Recent Income Dividend $0.084
Ex-Div Date 4/22/2020
Most Recent Cap Gain Dividend --
Ex-Div Date --
Dividend Frequency Monthly
YTD Dividends $0.337
YTD Capital Gains --
Inception Date 1/5/1998
Fund Advisor Highland Capital Mgmt Fund Advisors LP
Manager & Tenure James Dondero since 2013
Phone 866-745-0264
Website www.highlandfunds.com
Total Net Assets (mil) as of 4/30/2020 $209.4
% Leveraged Assets as of 9/30/2019 27.61%
Portfolio Turnover 28.00%
Mgmt Fees 0.308%
Expense Ratio 2.450%
Fund Objective
The Fund seeks long-term growth of capital and future income by investing in U.S. and foreign equity, debt and money market securities. The Fund intends to normally invest at least 50% of its net assets in equity securities and at least 40% (plus any borrowings for investment purpose) in securities of non-U.S. issuers.
Top Holdings (as of 3/31/2020)
TERRESTAR CORP ORD 27.67%
Vistra Energy Corp ORD 12.62%
Highland Merger Arbitrage Fund;Z 5.71%
Williams Companies Inc ORD 4.34%
Energy Transfer LP 3.88%
MPLX LP 2.43%
NexPoint Strategic Opportunities Fund 1.95%
Heron Therapeutics Inc ORD 1.48%
StoneCo Ltd ORD 1.31%
Mercadolibre Inc ORD 1.27%
Top Sectors (as of 3/31/2020)
Non Classified Equity 39.54%
Utilities 13.28%
Financials 5.69%
Oil & Gas 5.68%
Consumer Services 2.79%
Health Care 2.48%
Technology 2.18%
Industrials 1.48%
Consumer Goods 0.35%
Telecommunications 0.29%


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