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Highland Global Allocation Fund Class A (HCOAX)

10.20
Net Asset Value
+1.09%
1 Day
-3.59%
Year-to-Date
Overall Morningstar Rating
World allocation
Style or Category
5.75
Sales Expenses
1.00%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital and future income. The fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt and money market securities. The advisor intends to invest at least 50% of its net assets in equity securities and at least 40% (plus any borrowings for investment purposes) of its net assets in securities of non-U.S. issuers. It will primarily invest in equity securities of large capitalization companies (meaning a market capitalization of $2 billion or more) that are located in developed markets.

Performance

1 month-2.16% 3 years+15.25%
3 months-8.51% 5 years+13.36%
1 year+1.23% Since inception+8.96%
Data through --

Peer Comparisonvs. World allocation

 HCOAXCategory
Performance 5-yr return+13.36%+8.00%
Expense ratio1.00%1.39%
Risk 5 year sharpe ratio1.180.86
Net assets$2.1B$3.1B
Average market cap$15.6B$38.1B
Average P/E15.016.9
Portfolio turnover195%195%

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Fund Management and Purchase Info

Fund familyHighland Funds
Fund manager & tenureJames Dondero / 2 Years
Minimal initial investment$1,000.00
Minimum IRA investment$1,000.00

Holdings

U.S. stock43.61%
Fixed income40.89%
International stock11.63%
Cash3.86%
Other0.01%
Top 5 Sectors
Portfolio weighting
Financial service 20.89%
Energy 13.82%
Healthcare 12.05%
Industrial materials 9.39%
Consumer goods 9.14%
Top 10 Holdings
Portfolio weighting
-- 9.30%
-- 6.50%
AAL American Airlines4.71%
CRM Salesforce.com4.19%
-- 3.44%
WMB Williams Companies2.78%
GOOG Google2.57%
PAA Plains All American Pipeline LP2.47%
-- 2.29%
EPD Enterprise Products Partners LP2.13%