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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

Highland Floating Rate Opportunities Fund

XLACX |

-

$1.01 B

-

2.00%

Vitals

YTD Return

N/A

1 yr return

6.8%

3 Yr Avg Return

1.7%

5 Yr Avg Return

4.5%

Net Assets

$1.01 B

Holdings in Top 10

20.5%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.00%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 63.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$50

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

Highland Floating Rate Opportunities Fund

XLACX |

-

$1.01 B

-

2.00%

XLACX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.95%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Highland Floating Rate Opportunities Fund
  • Fund Family Name
    Highland Funds
  • Inception Date
    Jan 13, 2000
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jon Poglitsch

Fund Description

XLACX - Performance

Return Ranking - Trailing

Period XLACX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 270.1% N/A
1 Yr 6.8% -64.0% 270.1% N/A
3 Yr 1.7%* -41.4% 115.6% N/A
5 Yr 4.5%* -30.7% 58.6% N/A
10 Yr 0.3%* -8.4% 26.2% N/A

* Annualized

Return Ranking - Calendar

Period XLACX 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 XLACX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 270.1% N/A
1 Yr 5.8% -64.0% 270.1% N/A
3 Yr 1.7%* -30.7% 115.6% N/A
5 Yr 4.5%* -30.7% 58.6% N/A
10 Yr 0.3%* -8.4% 26.3% N/A

* Annualized

Total Return Ranking - Calendar

Period XLACX 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

XLACX - Holdings

Concentration Analysis

XLACX Category Low Category High XLACX % Rank
Net Assets 1.01 B 0 814 B N/A
Number of Holdings 203 1 17358 N/A
Net Assets in Top 10 174 M -28.8 B 134 B N/A
Weighting of Top 10 20.51% 0.0% 20474.3% N/A

Top 10 Holdings

  1. Metro Goldwyn Mayer 5.67%
  2. Ccs Medical Inc. 2.85%
  3. Vistra Energy Corp 2.21%
  4. J C Penney Corp Inc 1.52%
  5. Kronos Inc 1.51%
  6. Univision Communications 1.39%
  7. Lightstone Generation Llc 1.38%
  8. Alixpartners Llp 1.35%
  9. Russell Invts Us Institutional 1.34%
  10. Texas Competitive Elec Hldgs 1.30%

Asset Allocation

Weighting Return Low Return High XLACX % Rank
Bonds 		90.63% -955.59% 533.06% N/A
Stocks 		8.06% -142.98% 259.25% N/A
Other 		1.31% -7288.76% 493.15% N/A
Preferred Stocks 		0.00% -0.12% 80.89% N/A
Convertible Bonds 		0.00% -0.37% 166.23% N/A
Cash 		0.00% -483.27% 7388.76% N/A

Stock Sector Breakdown

Weighting Return Low Return High XLACX % Rank
Utilities 		0.00% -3.80% 94.95% N/A
Technology 		0.00% -19.01% 99.57% N/A
Real Estate 		0.00% -11.04% 100.00% N/A
Industrials 		0.00% -21.11% 93.31% N/A
Healthcare 		0.00% -15.38% 100.00% N/A
Financial Services 		0.00% -7.59% 99.28% N/A
Energy 		0.00% -7.00% 121.80% N/A
Communication Services 		0.00% -4.54% 90.02% N/A
Consumer Defense 		0.00% -7.54% 98.24% N/A
Consumer Cyclical 		0.00% -18.86% 87.44% N/A
Basic Materials 		0.00% -5.18% 96.19% N/A

Stock Geographic Breakdown

Weighting Return Low Return High XLACX % Rank
US 		8.06% -142.98% 126.43% N/A
Non US 		0.00% -24.89% 159.65% N/A

Bond Sector Breakdown

Weighting Return Low Return High XLACX % Rank
Corporate 		82.64% -15.73% 3345.86% N/A
Securitized 		7.99% -35.05% 159.61% N/A
Derivative 		0.00% -511.61% 48.69% N/A
Cash & Equivalents 		0.00% -452.21% 7388.76% N/A
Municipal 		0.00% 0.00% 110.18% N/A
Government 		0.00% -3298.93% 457.08% N/A

Bond Geographic Breakdown

Weighting Return Low Return High XLACX % Rank
Non US 		78.18% -150.85% 464.75% N/A
US 		12.45% -955.59% 499.56% N/A

XLACX - Expenses

Operational Fees

XLACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.00% 0.00% 928.63% N/A
Management Fee 0.65% 0.00% 2.87% N/A
12b-1 Fee 0.85% 0.00% 1.00% N/A
Administrative Fee 0.20% 0.00% 52000.00% N/A

Sales Fees

XLACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 25.00% N/A
Deferred Load 1.00% 0.25% 5.50% N/A

Trading Fees

XLACX 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.

XLACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 63.00% 0.00% 5067.00% N/A

XLACX - Distributions

Dividend Yield Analysis

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

Dividend Distribution Analysis

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

Net Income Ratio Analysis

XLACX Category Low Category High XLACX % Rank
Net Income Ratio 3.95% -46.00% 10.10% N/A

Capital Gain Distribution Analysis

XLACX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

XLACX - Fund Manager Analysis

Managers

Jon Poglitsch

Start Date

Tenure

Tenure Rank

Jun 19, 2017

0.28

0.3%

Jon Poglitsch, CFA Mr. Poglitsch is a Director at HCM, where he has spent a substantial amount of time covering the Energy, Competitive Power, Utilities, and Transportation industries. In his previous role at HCM, he served as a Senior Portfolio Analyst on both the Institutional and Retail fund research teams. Prior to joining the firm in 2007, Mr. Poglitsch was a consultant for Muse Stancil and Co., where he provided mergers & acquisition, valuation, and strategic advisory services to a variety of clients in the midstream and downstream energy sectors, including integrated oil, independent refinery, pipeline, power, and renewable fuel companies. Prior to Muse, Mr. Poglitsch was a senior financial analyst for American Airlines. He received an MBA with a concentration in Finance from the University of Texas at Austin and a BS in Chemical Engineering from the University of Oklahoma. Mr. Poglitsch has earned the right to use the Chartered Financial Analyst designation.

Mark Okada

Start Date

Tenure

Tenure Rank

Oct 01, 2012

5.0

5.0%

Mr. Okada is a founder and chief investment officer of Highland. He has been with the firm since its inception in 1993 and has been Highland's Chief Investment Officer for the past 5 years.Formerly, Okada served as manager for Protective Lifes GIC subsidiary from 1990 to 1993. From 1986 to 1990, he served as vice president for Hibernia National Bank. He received a BA in Economics and a BA in Psychology, cum laude, from the University of California, Los Angeles. He has earned the right to use the Chartered Financial Analyst designation.

Tenure Analysis

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

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