Highland Floating Rate C
Highland Trust 13455 Noel Road, Suite 800 Dallas, Texas 75240
Map
Phone: 877-665-1287
| Category: | Bank Loan | | Fund Family: | Highland Funds | | Net Assets: | 611.16M | | Year-to-Date Return: | -7.06% | | Yield: | 7.00% | | Morningstar Rating: |  | | Fund Inception Date: | 03-Nov-99 |
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Joe Dougherty
Lead Manager since
15-Apr-04 | | | Dougherty is a senior portfolio manager with Highland Capital Management. Prior to joining Highland, Dougherty served as an investment analyst with Sandera Capital Management from 1997 to 1998. Formerly, he was a business development manager at Akzo Nobel from 1994 to 1996 and a senior accountant at Deloitte and Touche, LLP from 1992 to 1994. Dougherty holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $2,500 | | Min Initial Investment, IRA: | $25 | | Min Initial Investment, AIP: | $50 | | 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 is nondiversified. |
| Last Dividend
(31-Jul-08):
| 0.04 | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| 86.00% | | Average for Category:
| 80.48% |
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| Expense | XLFCX | Category
Avg | | Total Expense Ratio: | 1.65%
| 1.42% | | Max 12b1 Fee: | 0.85%
| N/A | | Max Front End Sales Load: | 0.00%
| 3.08% | | Max Deferred Sales Load: | 1.00%
| 2.13% | | 3 Yr Expense Projection*: |
$578 | $647 | | 5 Yr Expense Projection*: |
$995 | $921 | | 10 Yr Expense Projection*: |
$2,161 | $1,870 |
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0.11% Nasdaq 
0.36%
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