Highland Floating Rate Opportunities Fd:HFRO

    Manage Alerts

    Overview

    As of 7/3/2022. NAV as of 7/1/2022.

     Share
    Price
    NAVPremium/
    Discount
    Current$11.20$15.34-26.99%
    52 Wk Avg$11.22$14.37-21.87%
    52 Wk High$12.26$15.68-17.61%
    52 Wk Low$10.15$13.58-28.43%
    Regular Distribution TypeManaged Distribution
    Distribution Rate8.25%
    Distribution Amount$0.0770
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The investment objective of Highland Floating Rate Opportunities Fund is to provide a high level of current income, consistent with preservation of capital.

    Capital Structure

    As of 7/3/2022

    Total Investment Exposure:$1,208.161M
    Total Common Assets:$1,068.404M
    Common Shares Outstanding:69,648,259
    Leverage

    As of 7/1/2022

    Preferred Share Assets: $139.756M
    Total Debt (USD): $300.000M
    Regulatory Leverage (USD): $139.756M
    Effective Leverage (USD): $139.756M
    Effective Leverage (%): 11.57%
    Annual Expense Ratios

    As of 6/30/2022

      Per Common Share
    Management Fees0.74%
    Other Expenses:0.87%
    Baseline Expense: N/A
    Interest Expense:0.06%
    Total: 1.67%
    Fund Management

    Fund Sponsor
    Highland Capital Management Fund Advisors, L.P.

    Portfolio Managers
    Jon Poglitsch, Mark Okada

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: HFRO
    NAV Ticker: XHFOX
    Average Daily Volume (shares): 268,492
    Average Daily Volume (USD): $3.002M
    Inception Date: 1/13/2000
    Inception Share Price: $15.00
    Inception NAV:
    Tender Offer: No
    Term: No
    Fiscal Year End: June 30
    Third Party Links & Reports

    Distributions

    As of 7/3/2022

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2021
    $0.5376
    Annualized Distribution Rate on NAV:
    As of 7/3/2022
    6.02%
    Total Return on NAV (12 months):
    As of 7/3/2022
    18.07%
    Avg. Portfolio Coupon:
    As of 7/3/2022
    6.73%
    Total % Portfolio Effectively Leveraged:
    As of 7/3/2022
    11.57%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 7/4/2022

    PeriodAvg Discount
    6 Month-22.71%
    1 Year-21.87%
    3 Year-21.14%
    5 Year 
    Z-Score

    As of 7/4/2022

    PeriodZStat
    3 Month-1.45
    6 Month-1.95
    1 Year-2.29
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2022
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD6.70%10.36%-15.03%-8.68%
    202116.35%14.76%20.67%7.70%
    2020-8.38%4.36%0.14%1.12%
    20194.20%1.48%18.13%8.70%
    2018-12.15%1.53%-7.68%-1.95%
    2017 4.76%3.80%5.83%
    2016 11.93%24.86%18.27%
    2015 -7.46%-3.65%-4.65%
    2014 0.91%-2.59%1.36%
    2013 17.35%3.18%9.08%
    2012 17.70%23.78%15.96%
    2011 3.12%-4.49%1.82%
    2010 8.67%24.86%14.07%
    2009 22.96%  
    2008 -44.14%  
    2007 -0.79%  
    2006 11.17%  
    2005 7.98%  
    2004 7.89%  
    2003 22.14%  
    2002 -0.63%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 6/30/2022
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/1/2022
    6.73%
    Number of Holdings:
    As of 3/31/2022
    105
    Annual Portfolio Turnover:
    As of 6/30/2022
    38.00%
    Asset Allocation

    As of 3/31/2022

    Top Sectors

    As of 3/31/2022

    Sector%Portfolio
    Corporate (Super Sector)19.83%
    Cash Equivalents (Super Sector)16.36%
    Cash Equivalents16.36%
    Real Estate15.84%
    Bank Loan11.17%
    Securitized (Super Sector)10.44%
    Asset Backed10.44%
    Cyclical (Super Sector)8.60%
    Corporate Bond7.14%
    Convertible5.51%
    Top Holdings

    As of 3/31/2022

    HoldingValue% Portfolio
    Nfro Reit Sub 2$145.27M19.24%
    Caddo Timberland Inv Lp$105.66M13.99%
    Nfront Inc$104.05M13.78%
    NexPoint Real Estate Finance Inc Ordinary Shares$98.81M13.09%
    Eds Legacy Partners$49.93M6.61%
    Creative Science Pptys 144A$46.28M6.13%
    Ensign Peak Llc$45.47M6.02%
    E-mini Russell 2000 Index Future June 22$-46.80M-6.20%
    Income Fund Pref Shares$-145.00M-19.20%
    E-mini S&P 500 Future June 22$-204.79M-27.12%
    Credit Quality

    As of 3/31/2022

    Maturity Breakdown

    As of 3/31/2022

    Country Allocation

    As of 3/31/2022

    Country% Portfolio
    United States - Equity28.59%
    United States - Fixed Income24.04%
    Others - Fixed Income1.95%
    Ireland - Fixed Income1.53%
    Canada - Equity0.42%
    United Kingdom - Fixed Income0.34%
    Argentina - Fixed Income0.00%
    Argentina - Equity0.00%
    France - Equity0.00%
    Germany - Equity0.00%
    Hong Kong - Equity0.00%
    Ireland - Equity0.00%
    Israel - Equity0.00%
    Chile - Equity0.00%
    Taiwan - Equity-0.01%
    Singapore - Equity-0.01%
    Brazil - Equity-0.01%
    China - Equity-0.02%
    Others - Equity-0.02%
    Netherlands - Equity-0.04%
    Switzerland - Equity-0.09%
    United Kingdom - Equity-0.15%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-2036301PR-E0222X