Highland Floating Rate Advantage B
Highland Trust 13455 Noel Road, Suite 800 Dallas, Texas 75240
Map
Phone: 877-665-1287
| Category: | Bank Loan | | Fund Family: | Highland Funds | | Net Assets: | 19.60M | | Year-to-Date Return: | 21.09% | | Yield: | 9.43% | | Morningstar Rating: |  | | Fund Inception Date: | 13-Jan-00 |
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Brad Means
Lead Manager since
31-Dec-08 | | | Means is a Senior Portfolio Manager at Highland Capital Management, L.P. Prior to joining Highland, he was a Managing Director in FTI Consultings Corporate Finance group. From 1998 to 2001, Means was a Director in the PricewaterhouseCoopers Chairmans Office. Prior to this, he worked in the Strategic Change Consulting and the Assurance & Business Advisory groups of Price Waterhouse serving clients. Means holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $2,500 | | Min Initial Investment, IRA: | $25 | | Min Initial Investment, AIP: | $2,500 | | Min Subsequent Investment: | $50 | | Min Subsequent Investment, IRA: | $25 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks a high level of current income, consistent with preservation of capital. The fund normally invests at least 80% of net assets in a portfolio of interests in adjustable rate senior loans. It may invest up to 20% of total assets in Senior Loans that are not secured by any collateral. The fund may invest all or substantially all of its assets in Senior Loans that are rated below investment grade. It may invest more than 25% of total assets in securities the issuer of which is deemed to be in the financial services industry. The fund is nondiversified. |
| Last Dividend
(30-Nov-09):
| 0.02 | | Last Cap Gain
(9-May-08):
| 0.01 | | Annual Holdings Turnover
| 21.00% | | Average for Category:
| 39.74% |
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| Expense | XSFBX | Category
Avg | | Total Expense Ratio: | %
| 1.39% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 3.13% | | Max Deferred Sales Load: | 3.25%
| 2.14% | | 3 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $605 | | 5 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $964 | | 10 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $1,968 |
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1.03% Nasdaq 
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