GEFDX: Highland Fixed Income Y

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GEFDX Highland Fixed Income Y


Profile

GEFDX - Profile

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 3.2%
  • Net Assets $196 M
  • Holdings in Top 10 15.2%

52 WEEK LOW AND HIGH

$13.04
$12.59
$13.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.71%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 53.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Highland Fixed Income Fund
  • Fund Family Name
    Highland Funds
  • Inception Date
    Nov 29, 1993
  • Shares Outstanding
    8321044
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The fund seeks to achieve its investment objective by investing at least 80% of its net assets under normal circumstances in debt securities. It invests primarily in a variety of investment-grade debt securities, such as mortgage-backed securities, corporate bonds, U.S. government securities and money market instruments. The fund normally has a weighted average maturity of approximately five to ten years, but is subject to no limitation with respect to the maturities of the instruments in which it may invest.


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Categories

Performance

GEFDX - Performance

Return Ranking - Trailing

Period GEFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -31.7% 956.2% 37.27%
1 Yr 7.3% -28.3% 969.8% 8.40%
3 Yr 3.5%* -9.7% 121.3% 0.96%
5 Yr 3.2%* -8.0% 61.0% 0.15%
10 Yr 3.9%* -5.0% 3.6% 0.07%

* Annualized

Return Ranking - Calendar

Period GEFDX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% -1.7% 20.3% 50.98%
2018 -3.1% -24.9% 0.8% 66.28%
2017 0.8% -6.0% 17.1% 62.03%
2016 2.5% -14.9% 15.0% 7.67%
2015 -2.8% -18.3% 3.0% 78.81%

Total Return Ranking - Trailing

Period GEFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -31.7% 956.2% 37.27%
1 Yr 7.3% -28.3% 969.8% 8.25%
3 Yr 3.5%* -9.0% 121.3% 2.91%
5 Yr 3.2%* -7.8% 61.0% 0.73%
10 Yr 3.9%* -5.0% 6.8% 1.83%

* Annualized

Total Return Ranking - Calendar

Period GEFDX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% -1.7% 20.3% 52.19%
2018 -3.1% -24.9% 3.1% 73.34%
2017 0.8% -6.0% 27.0% 69.07%
2016 2.5% -14.8% 15.0% 14.23%
2015 -2.8% -12.6% 4.2% 84.55%

NAV & Total Return History


Holdings

GEFDX - Holdings

Concentration Analysis

GEFDX Category Low Category High GEFDX % Rank
Net Assets 196 M 622 K 277 B 74.44%
Number of Holdings 216 1 18073 62.35%
Net Assets in Top 10 30 M -587 M 21.3 B 80.49%
Weighting of Top 10 15.21% 2.3% 100.0% 68.32%

Top 10 Holdings

  1. United States Treasury Bonds 2.25% 1.79%
  2. Government National Mortgage Association 3.25% 1.75%
  3. JPMorgan Chase & Co Deposit Shs Repr 1/10th Non-Cum Perp Pfd Shs Series -S- 1.71%
  4. United States Treasury Notes 2.38% 1.60%
  5. United States Treasury Notes 2.25% 1.58%
  6. FRESB MORTGAGE TRUST 3.48% 1.47%
  7. United States Treasury Notes 1.62% 1.37%
  8. Government National Mortgage Association 2.75% 1.36%
  9. Government National Mortgage Association 3.15% 1.30%
  10. United States Treasury Notes 2% 1.29%

Asset Allocation

Weighting Return Low Return High GEFDX % Rank
Bonds
93.26% 71.08% 169.81% 79.84%
Preferred Stocks
3.98% -0.14% 8.39% 0.36%
Stocks
1.62% -0.93% 19.79% 1.08%
Cash
0.85% -72.40% 27.48% 64.90%
Other
0.25% -27.60% 28.63% 6.48%
Convertible Bonds
0.03% 0.00% 10.07% 45.39%

Stock Sector Breakdown

Weighting Return Low Return High GEFDX % Rank
Real Estate
1.33% 0.00% 100.00% 23.13%
Financial Services
0.28% 0.00% 100.00% 36.88%
Utilities
0.00% 0.00% 100.00% 40.63%
Technology
0.00% 0.00% 76.71% 25.94%
Industrials
0.00% 0.00% 100.00% 33.13%
Healthcare
0.00% 0.00% 100.00% 31.88%
Energy
0.00% 0.00% 100.00% 53.13%
Communication Services
0.00% 0.00% 100.00% 40.31%
Consumer Defense
0.00% 0.00% 44.95% 26.25%
Consumer Cyclical
0.00% 0.00% 100.00% 37.19%
Basic Materials
0.00% 0.00% 100.00% 29.38%

Stock Geographic Breakdown

Weighting Return Low Return High GEFDX % Rank
US
1.61% -3.94% 16.11% 1.08%
Non US
0.01% -2.14% 3.68% 1.76%

Bond Sector Breakdown

Weighting Return Low Return High GEFDX % Rank
Securitized
39.46% 0.00% 97.63% 16.99%
Corporate
30.46% 0.00% 99.89% 26.78%
Government
18.04% -2.21% 100.00% 35.71%
Municipal
9.31% 0.00% 100.11% 45.14%
Cash & Equivalents
0.85% -26.49% 41.51% 71.99%
Derivative
0.01% -0.83% 24.19% 13.28%

Bond Geographic Breakdown

Weighting Return Low Return High GEFDX % Rank
US
92.18% 58.40% 150.78% 53.53%
Non US
1.08% -52.35% 33.81% 65.87%

Expenses

GEFDX - Expenses

Operational Fees

GEFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.01% 34.57% 55.14%
Management Fee 0.30% 0.00% 1.50% 22.60%
12b-1 Fee 0.00% 0.00% 1.00% 0.78%
Administrative Fee 0.20% 0.00% 0.50% 90.06%

Sales Fees

GEFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

GEFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

GEFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 53.00% 0.00% 496.90% 57.19%

Distributions

GEFDX - Distributions

Dividend Yield Analysis

GEFDX Category Low Category High GEFDX % Rank
Dividend Yield 0.00% 0.00% 5.95% 26.13%

Dividend Distribution Analysis

GEFDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

GEFDX Category Low Category High GEFDX % Rank
Net Income Ratio 2.97% -0.81% 6.02% 26.98%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GEFDX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.14 33.6 7.53 0.5