Highland Floating Rate Advantage B
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: | 58.19M | | Year-to-Date Return: | -9.85% | | Yield: | 8.73% | | Morningstar Rating: |  | | Fund Inception Date: | 18-Jan-00 |
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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 a high level of current income, consistent with preservation of capital. The fund invests at least 80% of assets in adjustable rate senior loans. All or substantially all of the fund's senior loans may be rated below investment grade. It may normally invest up to 20% of assets in high quality, short-term debt securities with remaining maturities of one year or less, warrants, equity securities. This fund is non-diversified. |
| Last Dividend
(29-Aug-08):
| 0.06 | | Last Cap Gain
(9-May-08):
| 0.01 | | Annual Holdings Turnover
| 70.00% | | Average for Category:
| 81.07% |
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| Expense | XSFBX | Category
Avg | | Total Expense Ratio: | 2.74%
| 1.41% | | Max 12b1 Fee: | 0.70%
| N/A | | Max Front End Sales Load: | 0.00%
| 3.26% | | Max Deferred Sales Load: | 3.25%
| 2.13% | | 3 Yr Expense Projection*: |
$1,130 | $641 | | 5 Yr Expense Projection*: |
$1,681 | $918 | | 10 Yr Expense Projection*: |
$3,327 | $1,862 |
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