Highland Global Allocation Fund:HGLB

    Manage Alerts

    Overview

    As of 6/29/2022

     Share
    Price
    NAVPremium/
    Discount
    Current$9.77$12.17-19.72%
    52 Wk Avg$9.63$12.07-20.20%
    52 Wk High$10.87$13.39-15.52%
    52 Wk Low$8.45$11.32-26.00%
    Regular Distribution TypeIncome Only
    Distribution Rate9.95%
    Distribution Amount$0.0810
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund intends to invest at least 50% of its net assets in equity securities and at least 40% of its net assets in securities of non-U.S. issuers. The Fund intends to invest approximately 40% or more of its net assets in securities of non-U.S. issuers at all times, however, in the event of unfavorable market conditions the Fund may invest less than 40% (but not less than 30%) of its assets in securities of non-U.S. issuers.

    Capital Structure

    As of 6/29/2022

    Total Investment Exposure:$296.159M
    Total Common Assets:$270.311M
    Common Shares Outstanding:22,211,279
    Leverage

    As of 6/29/2022

    Preferred Share Assets:
    Total Debt (USD): $25.848M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $25.848M
    Effective Leverage (%): 8.73%
    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): 99,090
    Average Daily Volume (USD): $0.954M
    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 6/29/2022

    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 3/31/2022
    $0.1634
    Annualized Distribution Rate on NAV:
    As of 6/29/2022
    7.99%
    Total Return on NAV (12 months):
    As of 6/29/2022
    24.66%
    Avg. Portfolio Coupon:
    As of 6/29/2022
    7.57%
    Total % Portfolio Effectively Leveraged:
    As of 6/29/2022
    8.73%

    Pricing Information

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

    As of 6/30/2022

    PeriodAvg Discount
    6 Month-20.38%
    1 Year-20.20%
    3 Year-26.91%
    5 Year 
    Z-Score

    As of 6/29/2022

    PeriodZStat
    3 Month0.53
    6 Month0.31
    1 Year0.16
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2022
    Category: Morningstar US CEF Global Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD21.91%19.07%-10.57%-9.14%
    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 5/31/2022
    Category: Morningstar US CEF Global Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/29/2022
    7.57%
    Number of Holdings:
    As of 5/31/2022
    68
    Annual Portfolio Turnover:
    As of 9/30/2021
    17.00%
    Average Bond Price:
    As of 5/31/2022
    $70.25
    Asset Allocation

    As of 5/31/2022

    Top Sectors

    As of 5/31/2022

    Sector%Portfolio
    Sensitive (Super Sector)35.85%
    Cyclical (Super Sector)28.08%
    Real Estate22.72%
    Corporate (Super Sector)21.65%
    Communication Services20.14%
    Bank Loan16.13%
    Energy12.32%
    Defensive (Super Sector)3.45%
    Financial Services3.32%
    Government (Super Sector)3.25%
    Top Holdings

    As of 5/31/2022

    HoldingValue% Portfolio
    TerreStar Corp$59.60M20.32%
    NexPoint Real Estate Finance Inc Ordinary Shares$32.31M11.01%
    Terrestar Term Loan A$19.27M6.57%
    Energy Transfer LP$16.35M5.58%
    NexPoint Residential Trust Inc$12.23M4.17%
    GAF REIT$12.22M4.17%
    Whitestone REIT Class B$10.76M3.67%
    Txu Tceh Tra Rights$10.47M3.57%
    NexPoint Event Driven Z$10.36M3.53%
    Quarternorth Tranche 3$10.29M3.51%
    Credit Quality

    As of 5/31/2022

    Maturity Breakdown

    As of 5/31/2022

    Country Allocation

    As of 5/31/2022

    Country% Portfolio
    United States - Equity64.52%
    United States - Fixed Income17.37%
    Argentina - Fixed Income3.22%
    Canada - Equity1.17%
    Argentina - Equity0.85%
    Brazil - Equity0.83%
    France - Equity0.39%
    Others - Fixed Income0.03%
    Ireland - Fixed Income0.02%
    Netherlands - Equity0.02%
    China - Equity0.02%
    Others - Equity0.01%
    United Kingdom - Fixed Income0.00%
    Switzerland - Equity0.00%
    Italy - Equity0.00%
    Taiwan - Equity0.00%
    Sweden - Equity0.00%
    Malaysia - Equity0.00%
    Chile - Equity0.00%
    Ireland - Equity0.00%
    Germany - Equity0.00%
    Singapore - Equity0.00%
    Israel - Equity0.00%
    Hong Kong - Equity0.00%
    United Kingdom - Equity-0.01%

    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.

    EWB-2036301PR-E0222X