Highland Global Allocation Fund:HGLB

    Manage Alerts

    Overview

    As of 1/18/2022

     Share
    Price
    NAVPremium/
    Discount
    Current$9.81$11.86-17.28%
    52 Wk Avg$8.83$11.48-23.29%
    52 Wk High$10.02$12.12-15.52%
    52 Wk Low$6.60$10.22-36.21%
    Regular Distribution TypeIncome Only
    Distribution Rate9.91%
    Distribution Amount$0.0810
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The investment objective of the Fund is to seek long-term growth of capital and future income (future income means the ability to pay dividends in the future).

    Capital Structure

    As of 1/18/2022

    Total Investment Exposure:$296.099M
    Total Common Assets:$261.739M
    Common Shares Outstanding:22,069,065
    Leverage

    As of 1/18/2022

    Preferred Share Assets:
    Total Debt (USD): $34.360M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $34.360M
    Effective Leverage (%): 11.60%
    Annual Expense Ratios

    As of 9/30/2021

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 0.88%
    Fund Management

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

    Portfolio Managers
    James D. Dondero

    Basics
    Category: Hybrid-Global Allocation
    Ticker: HGLB
    NAV Ticker: XHGLX
    Average Daily Volume (shares): 136,826
    Average Daily Volume (USD): $1.178M
    Inception Date: 1/5/1998
    Inception Share Price: $15.00
    Inception NAV:
    Tender Offer: No
    Term: No
    Fiscal Year End: September 30
    Third Party Links & Reports

    Distributions

    As of 1/18/2022

    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 9/30/2021
    $0.1400
    Annualized Distribution Rate on NAV:
    As of 1/18/2022
    8.20%
    Total Return on NAV (12 months):
    As of 1/18/2022
    23.27%
    Total % Portfolio Effectively Leveraged:
    As of 1/18/2022
    11.60%

    Pricing Information

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

    As of 1/19/2022

    PeriodAvg Discount
    6 Month-19.47%
    1 Year-23.29%
    3 Year 
    5 Year 
    Z-Score

    As of 1/18/2022

    PeriodZStat
    3 Month1.31
    6 Month1.00
    1 Year1.07
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 12/31/2021
    Category: Morningstar US CEF Global Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD53.29%23.27%26.22%18.42%
    202153.29%23.27%26.22%18.42%
    2020-17.96%-6.66%-3.30%2.74%
    2019 -8.52%32.69%22.80%
    2018 1.32%-18.78%-12.01%
    2017 -0.27%28.74%18.14%
    2016 34.09%8.69%9.54%
    2015 -26.25%-7.10%-4.69%
    2014 11.54%7.81%6.00%
    2013 28.76%21.98%22.48%
    2012 13.48%18.62%18.00%
    2011 -1.20%-4.51%-3.46%
    2010 11.41%28.97%26.03%
    2009 25.78%  
    2008 -33.04%  
    2007 9.49%  
    2006 18.57%  
    2005 4.01%  
    2004 8.95%  
    2003 23.88%  
    2002 -17.48%  
    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 12/31/2021
    Category: Morningstar US CEF Global Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 11/30/2021
    65
    Annual Portfolio Turnover:
    As of 9/30/2021
    17.00%
    Asset Allocation

    As of 11/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 11/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Sensitive (Super Sector)29.37%
    Cash Equivalents (Super Sector)23.74%
    Cash Equivalents23.74%
    Cyclical (Super Sector)17.87%
    Communication Services16.95%
    Real Estate16.36%
    Corporate (Super Sector)13.48%
    Energy10.75%
    Bank Loan10.43%
    Defensive (Super Sector)9.49%
    Top Holdings

    As of 11/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    TerreStar Corp$56.96M22.78%
    Terrestar Term Loan A$18.23M7.29%
    NexPoint Real Estate Finance Inc Ordinary Shares$16.14M6.46%
    Vistra Corp$13.69M5.48%
    Energy Transfer LP$13.12M5.25%
    GAF REIT$13.12M5.25%
    NexPoint Residential Trust Inc$12.30M4.92%
    Txu Tceh Tra Rights$10.85M4.34%
    Netflix Inc$-11.98M-4.79%
    ProShares UltraPro QQQ$-19.56M-7.83%
    Credit Quality

    As of 11/30/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 11/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 11/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity50.68%
    United States - Fixed Income10.77%
    Argentina - Fixed Income3.61%
    Canada - Equity2.89%
    Brazil - Equity1.43%
    Argentina - Equity0.87%
    France - Equity0.51%
    Germany - Equity0.19%
    South Korea - Equity0.17%
    Others - Fixed Income0.11%
    Netherlands - Equity0.06%
    Israel - Equity0.05%
    Ireland - Fixed Income0.02%
    Australia - Equity0.02%
    United Kingdom - Fixed Income0.01%
    Switzerland - Fixed Income0.00%
    Hong Kong - Equity0.00%
    Chile - Equity0.00%
    Singapore - Equity0.00%
    Taiwan - Equity0.00%
    Others - Equity0.00%
    Switzerland - Equity0.00%
    United Kingdom - Equity-0.10%
    China - Equity-0.10%
    Ireland - Equity-0.12%

    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. 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.

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