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Trending ETFs

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

-

$11.1 M

-

1.49%

Vitals

YTD Return

N/A

1 yr return

2.9%

3 Yr Avg Return

1.4%

5 Yr Avg Return

2.4%

Net Assets

$11.1 M

Holdings in Top 10

50.2%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.49%

SALES FEES

Front Load 4.25%

Deferred Load N/A

TRADING FEES

Turnover 3.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

-

$11.1 M

-

1.49%

GETAX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.34%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Highland Tax Exempt Fund
  • Fund Family Name
    Highland Funds
  • Inception Date
    Sep 08, 1993
  • Shares Outstanding
    938701
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description


GETAX - Performance

Return Ranking - Trailing

Period GETAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 270.1% N/A
1 Yr 2.9% -64.0% 270.1% N/A
3 Yr 1.4%* -41.4% 115.6% N/A
5 Yr 2.4%* -30.7% 58.6% N/A
10 Yr 3.2%* -8.4% 26.2% N/A

* Annualized

Return Ranking - Calendar

Period GETAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -67.1% 73.0% N/A
2022 N/A -76.0% 74.8% N/A
2021 N/A -58.1% 900.0% N/A
2020 N/A -51.1% 336.8% N/A
2019 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period GETAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 270.1% N/A
1 Yr -1.5% -64.0% 270.1% N/A
3 Yr -0.1%* -30.7% 115.6% N/A
5 Yr 1.6%* -30.7% 58.6% N/A
10 Yr 2.8%* -8.4% 26.3% N/A

* Annualized

Total Return Ranking - Calendar

Period GETAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -67.1% 76.6% N/A
2022 N/A -30.7% 76.8% N/A
2021 N/A -58.1% 900.0% N/A
2020 N/A -51.1% 341.1% N/A
2019 N/A -60.1% 304.1% N/A

GETAX - Holdings

Concentration Analysis

GETAX Category Low Category High GETAX % Rank
Net Assets 11.1 M 0 814 B N/A
Number of Holdings 29 1 17358 N/A
Net Assets in Top 10 5.54 M -28.8 B 134 B N/A
Weighting of Top 10 50.24% 0.0% 20474.3% N/A

Top 10 Holdings

  1. GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV 5% 5.29%
  2. CAROL STREAM ILL PK DIST 5% 5.15%
  3. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 5.05%
  4. NEW JERSEY ECONOMIC DEV AUTH REV 5% 5.05%
  5. REGIONAL TRANSN DIST COLO SALES TAX REV 5% 5.04%
  6. NEW JERSEY ST EDL FACS AUTH REV 5% 4.98%
  7. PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5% 4.97%
  8. TEXAS TRANSN COMMN CENT TEX TPK SYS REV 5% 4.96%
  9. PENNSYLVANIA ST TPK COMMN TPK REV 5% 4.95%
  10. FAIRFIELD CONN 5% 4.82%

Asset Allocation

Weighting Return Low Return High GETAX % Rank
Bonds
100.11% -955.59% 533.06% N/A
Stocks
0.00% -142.98% 259.25% N/A
Preferred Stocks
0.00% -0.12% 80.89% N/A
Other
0.00% -7288.76% 493.15% N/A
Convertible Bonds
0.00% -0.37% 166.23% N/A
Cash
-0.11% -483.27% 7388.76% N/A

Bond Sector Breakdown

Weighting Return Low Return High GETAX % Rank
Municipal
100.11% 0.00% 110.18% N/A
Derivative
0.00% -511.61% 48.69% N/A
Securitized
0.00% -35.05% 159.61% N/A
Corporate
0.00% -15.73% 3345.86% N/A
Government
0.00% -3298.93% 457.08% N/A
Cash & Equivalents
-0.11% -452.21% 7388.76% N/A

Bond Geographic Breakdown

Weighting Return Low Return High GETAX % Rank
US
100.11% -955.59% 499.56% N/A
Non US
0.00% -150.85% 464.75% N/A

GETAX - Expenses

Operational Fees

GETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.49% 0.00% 928.63% N/A
Management Fee 0.35% 0.00% 2.87% N/A
12b-1 Fee 0.25% 0.00% 1.00% N/A
Administrative Fee 0.20% 0.00% 52000.00% N/A

Sales Fees

GETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 0.00% 25.00% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

GETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 3.00% 0.00% 5067.00% N/A

GETAX - Distributions

Dividend Yield Analysis

GETAX Category Low Category High GETAX % Rank
Dividend Yield 0.00% 0.00% 87.51% N/A

Dividend Distribution Analysis

GETAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

GETAX Category Low Category High GETAX % Rank
Net Income Ratio 2.34% -46.00% 10.10% N/A

Capital Gain Distribution Analysis

GETAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

GETAX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 43.76 4.66 4.5