Highland Floating Rate A
Highland Trust 13455 Noel Road, Suite 800 Dallas, Texas 75240
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Phone: 877-665-1287
| Category: | Bank Loan | | Fund Family: | Highland Funds | | Net Assets: | 193.89M | | Year-to-Date Return: | 15.41% | | Yield: | 9.32% | | Morningstar Rating: |  | | Fund Inception Date: | 02-Nov-99 |
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Brad Borud
Lead Manager since
15-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 to provide a high level of current income, consistent with preservation of capital. The fund invests at least 80% of net assets in a portfolio of interests in adjustable rate senior loans, the interest rates of which float or vary periodically based upon a benchmark indicator of prevailing interest rates (Senior Loans), to domestic or foreign corporations, partnerships and other entities that operate in a variety of industries and geographic regions (Borrowers). It may invest up to 20% of total assets in Senior Loans that are not secured by any collateral. The fund is nondiversified. |
| Last Dividend
(30-Sep-09):
| 0.03 | | Last Cap Gain
| YFT_NOT_APPLICABLE_ABBREVIATION | | Annual Holdings Turnover
| YFT_NOT_APPLICABLE_ABBREVIATION | | Average for Category:
| 43.55% |
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| Expense | XLFAX | Category
Avg | | Total Expense Ratio: | 1.36%
| 1.38% | | Max 12b1 Fee: | 0.35%
| N/A | | Max Front End Sales Load: | 3.50%
| 3.13% | | Max Deferred Sales Load: | %
| 2.14% | | 3 Yr Expense Projection*: |
$ 774 | $612 | | 5 Yr Expense Projection*: |
$ 1,084 | $974 | | 10 Yr Expense Projection*: |
$ 1,963 | $1,979 |
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