Highland Tax-Exempt Y
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
3.0%
3 Yr Avg Return
1.6%
5 Yr Avg Return
2.6%
Net Assets
$11.1 M
Holdings in Top 10
50.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.23%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 3.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GETDX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 2.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.53%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameHighland Tax Exempt Fund
-
Fund Family NameHighland Funds
-
Inception DateSep 26, 1997
-
Shares Outstanding5840
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJohn Hakopian
Fund Description
GETDX - Performance
Return Ranking - Trailing
Period | GETDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -50.0% | 268.1% | N/A |
1 Yr | 3.0% | -64.8% | 268.1% | N/A |
3 Yr | 1.6%* | -100.0% | 115.6% | N/A |
5 Yr | 2.6%* | -100.0% | 58.6% | N/A |
10 Yr | 3.4%* | -12.1% | 26.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | GETDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -100.0% | 73.0% | N/A |
2022 | N/A | -76.0% | 212.6% | N/A |
2021 | N/A | -65.0% | 900.0% | N/A |
2020 | N/A | -87.3% | 336.8% | N/A |
2019 | N/A | -60.1% | 304.1% | N/A |
Total Return Ranking - Trailing
Period | GETDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -50.0% | 268.1% | N/A |
1 Yr | 3.0% | -64.8% | 268.1% | N/A |
3 Yr | 1.6%* | -100.0% | 115.6% | N/A |
5 Yr | 2.6%* | -100.0% | 58.6% | N/A |
10 Yr | 3.4%* | -12.1% | 26.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | GETDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -100.0% | 76.6% | N/A |
2022 | N/A | -30.7% | 212.6% | N/A |
2021 | N/A | -65.0% | 900.0% | N/A |
2020 | N/A | -87.3% | 341.1% | N/A |
2019 | N/A | -60.1% | 304.1% | N/A |
GETDX - Holdings
Concentration Analysis
GETDX | Category Low | Category High | GETDX % Rank | |
---|---|---|---|---|
Net Assets | 11.1 M | 10 | 804 B | N/A |
Number of Holdings | 29 | 1 | 17333 | N/A |
Net Assets in Top 10 | 5.54 M | -7.11 B | 145 B | N/A |
Weighting of Top 10 | 50.24% | 0.0% | 20474.3% | N/A |
Top 10 Holdings
- GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV 5% 5.29%
- CAROL STREAM ILL PK DIST 5% 5.15%
- GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 5.05%
- NEW JERSEY ECONOMIC DEV AUTH REV 5% 5.05%
- REGIONAL TRANSN DIST COLO SALES TAX REV 5% 5.04%
- NEW JERSEY ST EDL FACS AUTH REV 5% 4.98%
- PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5% 4.97%
- TEXAS TRANSN COMMN CENT TEX TPK SYS REV 5% 4.96%
- PENNSYLVANIA ST TPK COMMN TPK REV 5% 4.95%
- FAIRFIELD CONN 5% 4.82%
Asset Allocation
Weighting | Return Low | Return High | GETDX % Rank | |
---|---|---|---|---|
Bonds | 100.11% | -955.59% | 2458.15% | N/A |
Stocks | 0.00% | -142.98% | 259.25% | N/A |
Preferred Stocks | 0.00% | -21.20% | 80.89% | N/A |
Other | 0.00% | -7288.76% | 493.15% | N/A |
Convertible Bonds | 0.00% | -0.37% | 144.58% | N/A |
Cash | -0.11% | -2458.20% | 7388.76% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | GETDX % Rank | |
---|---|---|---|---|
Municipal | 100.11% | 0.00% | 165.37% | N/A |
Derivative | 0.00% | -511.61% | 54.22% | N/A |
Securitized | 0.00% | -24.16% | 264.51% | N/A |
Corporate | 0.00% | -46.36% | 3345.86% | N/A |
Government | 0.00% | -3298.93% | 2458.15% | N/A |
Cash & Equivalents | -0.11% | -2458.20% | 7388.76% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GETDX % Rank | |
---|---|---|---|---|
US | 100.11% | -955.59% | 2458.15% | N/A |
Non US | 0.00% | -153.97% | 464.75% | N/A |
GETDX - Expenses
Operational Fees
GETDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.23% | -2.86% | 950.64% | N/A |
Management Fee | 0.35% | 0.00% | 2.87% | N/A |
12b-1 Fee | 0.00% | 0.00% | 1.00% | N/A |
Administrative Fee | 0.20% | 0.00% | 52000.00% | N/A |
Sales Fees
GETDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 25.00% | N/A |
Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
GETDX 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.
GETDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 3.00% | 0.00% | 5067.00% | N/A |
GETDX - Distributions
Dividend Yield Analysis
GETDX | Category Low | Category High | GETDX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 84.51% | N/A |
Dividend Distribution Analysis
GETDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Annually |
Net Income Ratio Analysis
GETDX | Category Low | Category High | GETDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.53% | -46.00% | 10.88% | N/A |
Capital Gain Distribution Analysis
GETDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
GETDX - Fund Manager Analysis
Managers
John Hakopian
Start Date
Tenure
Tenure Rank
Aug 01, 2014
4.58
4.6%
Mr. Hakopian is Portfolio Manager and President of First Foundation Advisors (“FFAâ€) and a Director of First Foundation Inc. and First Foundation Bank. Mr. Hakopian oversees the vision, strategy, operations and development of the investment management service for FFA. Having been with FFA since its inception in 1990, Mr. Hakopian has been closely involved in developing and delivering the firm’s investment services. He became President in 2009. Mr. Hakopian earned a Bachelor of Arts degree in economics in three years from the University of California, Irvine and an MBA in Finance from the University of Southern California.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 33.52 | 5.37 | 3.25 |