Highland Floating Rate Opportunities C
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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
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 ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameHighland Floating Rate Opportunities Fund
-
Fund Family NameHighland Funds
-
Inception DateJan 13, 2000
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJon 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
- Metro Goldwyn Mayer 5.67%
- Ccs Medical Inc. 2.85%
- Vistra Energy Corp 2.21%
- J C Penney Corp Inc 1.52%
- Kronos Inc 1.51%
- Univision Communications 1.39%
- Lightstone Generation Llc 1.38%
- Alixpartners Llp 1.35%
- Russell Invts Us Institutional 1.34%
- 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 |
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 |