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: | 197.62M | | Year-to-Date Return: | 16.98% | | Yield: | 8.80% | | Morningstar Rating: |  | | Fund Inception Date: | 02-Nov-99 |
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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 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-Oct-09):
| 0.02 | | Last Cap Gain
| YFT_NOT_APPLICABLE_ABBREVIATION | | Annual Holdings Turnover
| 27.00% | | Average for Category:
| 39.52% |
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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 | $607 | | 5 Yr Expense Projection*: |
$ 1,084 | $968 | | 10 Yr Expense Projection*: |
$ 1,963 | $1,976 |
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0.19% Nasdaq 
0.11%
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