Highland Global Allocation Fund Class A (HCOAX)

8.59
Net Asset Value
-0.12%
1 Day
+2.26%
Year-to-Date
Overall Morningstar Rating
World allocation
Style or Category
5.75
Sales Expenses
1.59%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital and future income (future income means the ability to pay dividends in the future). The fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity- debt and money market securities. Under normal market conditions- 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.

Performance

1 month+1.78% 3 years-2.06%
3 months+0.04% 5 years+5.49%
1 year+5.72% Since inception+7.90%
Data through --

Peer Comparisonvs. World allocation

 HCOAXCategory
Performance 5-yr return+5.49%+4.93%
Expense ratio1.59%1.28%
Risk 5 year sharpe ratio0.460.58
Net assets$500.4M$2.8B
Average market cap$6.7B$41.7B
Average P/E1.016.3
Portfolio turnover66%66%

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Fund Management and Purchase Info

Fund familyHighland Funds
Fund manager & tenureJames Dondero / 5 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

U.S. stock62.69%
Fixed income29.77%
International stock7.49%
Cash0.05%
Other0.00%
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
VST Vistra Energy Corp23.07%
-- 13.00%
-- 7.51%
-- 6.34%
NFLX Netflix4.48%
ETE Energy Transfer Equity LP4.10%
-- 3.62%
SYK Stryker Corp3.35%
MPMQ MPM Holdings Inc2.96%
Z Zillow Group Inc2.68%