Yahoo! FinanceFinance Home - My Yahoo - Yahoo! - Help 

Monday, November 9, 2009, 1:19PM ET - U.S. Markets close in 2 hours and 41 minutes. Dow Up 1.53% Nasdaq Up 1.52%
Highland Floating Rate Z (XLFZX)On Nov 6: 6.14  Up 0.01 (0.16%)  
MORE ON XLFZX
Quotes
Charts
News & Info
Fund
HereProfile
Analyst


Profile  As of 30-Sep-09Get Profile for:
Highland Floating Rate Z
Highland Trust 13455 Noel Road, Suite 800 Dallas, Texas 75240
Map
Phone: 877-665-1287
Free prospectuses for
more than 1,000 funds!
View List of Free Prospectuses
FUND OVERVIEW 
Category:Bank Loan
Fund Family:Highland Funds
Net Assets:41.57M
Year-to-Date Return:15.71%
Yield:9.65%
Morningstar Rating:2 stars
Fund Inception Date:18-Dec-98
MORNINGSTAR STYLE BOX 
Bank Loan
[View Category Definition]
View Top Bank Loan Funds
About the Morningstar Style Box
MANAGEMENT INFORMATION 
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.
INVESTMENT INFORMATION 
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
XLFZX can be purchased from 14 brokerages.
FUND SUMMARY 
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.
FUND OPERATIONS 
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%
FEES & EXPENSES 
ExpenseXLFZXCategory
Avg
Total Expense Ratio:1.01% 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*: $ 331$612
5 Yr Expense Projection*: $ 574$974
10 Yr Expense Projection*: $ 1,273$1,979
* Per $10,000 invested


Add to My Portfolio Add to Portfolio    Set Alert Set Alert    Email to a Friend Email to a Friend
Get Profile for Another Symbol: Symbol Lookup
Top Performers by StyleMorningstar Editorials