Highland Floating Rate Advantage Z
Highland Trust 13455 Noel Road, Suite 800 Dallas, Texas 75240
Map
Phone: 877-665-1287
| Category: | Bank Loan | | Fund Family: | Highland Funds | | Net Assets: | 66.57M | | Year-to-Date Return: | 19.53% | | Yield: | 11.44% | | Morningstar Rating: |  | | Fund Inception Date: | 13-Jan-00 |
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Brad Borud
Lead Manager since
01-Apr-08 | | | Borud is a Partner, Senior Trader and Chief Investment Officer ? Retail Products at Highland Capital Management, L.P. Prior to that, he served as a Senior Trader and Co-Director of Portfolio Management for Highland from 2003 to 2008, as a Portfolio Manager and Team Leader from 2001 to 2003, as a Portfolio Manager from 1998 to 2001, and as a Portfolio Analyst from 1996 to 1998. Prior to joining Highland in November 1996, he worked as a Global Finance Analyst in the Corporate Finance Group from 1995 to 1996. |
| 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-Sep-09):
| 0.03 | | Last Cap Gain
(9-May-08):
| 0.01 | | Annual Holdings Turnover
| YFT_NOT_APPLICABLE_ABBREVIATION | | Average for Category:
| 43.55% |
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| Expense | XLAZX | Category
Avg | | Total Expense Ratio: | 1.21%
| 1.38% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | %
| 3.13% | | Max Deferred Sales Load: | %
| 2.14% | | 3 Yr Expense Projection*: |
$ 832 | $612 | | 5 Yr Expense Projection*: |
$ 1,419 | $974 | | 10 Yr Expense Projection*: |
$ 3,013 | $1,979 |
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1.85% Nasdaq 
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