HDFYX: Highland Dividend Equity Y

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HDFYX Highland Dividend Equity Y

  • Fund
  • HDFYX
  • Price as of: Jan 02, 2019
  • $8.70 - $0.00 - 0.00%
  • Primary Category
  • N/A
  • Fund Company
  • N/A
  • Share Class

HDFYX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 8.9%
  • 5 Yr Annualized Return N/A
  • Net Assets $10 M
  • Holdings in Top 10 40.8%

52 WEEK LOW AND HIGH

$8.70
$8.70
$8.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.82%

SALES FEES

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

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 8.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Highland Dividend Equity Fund
  • Fund Family Name Highland Funds
  • Inception Date Nov 14, 2011
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Robert Bugg

Fund Description

The fund seeks to achieve its investment objective under normal market conditions by investing, directly and indirectly (e.g., through investments in derivatives or other pooled investment vehicles), at least 80% of its net assets, plus any borrowings for investment purposes, in equity investments that pay or expect to pay dividends. The term "equity investments" refers to direct and indirect investments in common stocks, preferred stocks and convertible securities. It is non-diversified.

HDFYX - Mutual Fund Categories

HDFYX - Performance

Return Ranking - Trailing

Period HDFYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -74.0% 21.3% 97.50%
1 Yr -2.4% -78.3% 16.3% 26.56%
3 Yr 8.9%* -38.0% 11.4% 65.59%
5 Yr N/A* -23.3% 7.9% 97.68%
10 Yr N/A* -5.9% 11.3% N/A

* Annualized


Return Ranking - Calendar

Period HDFYX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% -51.6% 0.0% 0.32%
2017 0.0% -14.6% 32.9% 92.28%
2016 -13.3% -13.3% 31.0% 100.00%
2015 -27.5% -27.5% 3.6% 100.00%
2014 -1.1% -34.1% 14.2% 64.58%

Total Return Ranking - Trailing

Period HDFYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -74.0% 21.3% 97.50%
1 Yr -2.4% -75.3% 17.2% 58.75%
3 Yr 8.9%* -32.4% 12.9% 87.78%
5 Yr N/A* -18.6% 21.2% 92.38%
10 Yr N/A* -5.9% 17.8% N/A

* Annualized


Total Return Ranking - Calendar

Period HDFYX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% -32.1% 0.3% 0.96%
2017 0.0% -14.6% 37.7% 97.75%
2016 -12.1% -12.1% 31.0% 100.00%
2015 -2.8% -21.8% 106.5% 36.36%
2014 4.1% -34.1% 20.9% 63.19%

NAV & Total Return History

HDFYX - Holdings

Concentration Analysis

HDFYX Category Low Category High HDFYX % Rank
Net Assets 10 M 4.76 M 42.8 B 98.13%
Number of Holdings 34 8 1932 92.52%
Net Assets in Top 10 4.96 M 1.32 M 14.7 B 94.39%
Weighting of Top 10 40.76% 5.8% 99.7% 10.90%

Top 10 Holdings

  1. General Electric Co 4.26%

  2. Johnson & Johnson 4.18%

  3. Paychex Inc 4.10%

  4. McDonald's Corp 4.10%

  5. Novartis AG ADR 4.10%

  6. PepsiCo Inc 4.06%

  7. Microchip Technology Inc 4.04%

  8. Diageo PLC ADR 4.03%

  9. Wells Fargo & Co 4.00%

  10. United Parcel Service Inc (UPS) Class B 3.88%


Asset Allocation

Weighting Return Low Return High HDFYX % Rank
Stocks
96.83% 0.00% 101.34% 54.83%
Cash
3.17% -18.07% 25.16% 31.46%
Preferred Stocks
0.00% 0.00% 13.37% 44.86%
Other
0.00% -1.85% 3.77% 41.74%
Convertible Bonds
0.00% 0.00% 13.05% 42.68%
Bonds
0.00% 0.00% 99.69% 42.99%

Stock Sector Breakdown

Weighting Return Low Return High HDFYX % Rank
Financial Services
15.64% 0.00% 28.88% 47.50%
Consumer Defense
14.78% 0.00% 27.68% 18.75%
Industrials
13.52% 0.00% 28.39% 24.06%
Consumer Cyclical
13.42% 0.00% 34.22% 13.44%
Energy
13.13% 0.00% 19.74% 9.69%
Healthcare
11.90% 0.00% 23.41% 44.69%
Technology
5.38% 0.00% 29.93% 76.25%
Basic Materials
4.15% 0.00% 17.96% 29.06%
Utilities
3.40% 0.00% 40.81% 63.44%
Communication Services
1.51% 0.00% 22.02% 89.69%
Real Estate
0.00% 0.00% 16.79% 80.31%

Stock Geographic Breakdown

Weighting Return Low Return High HDFYX % Rank
US
81.26% 0.00% 100.44% 54.21%
Non US
15.57% 0.00% 101.08% 37.69%

HDFYX - Expenses

Operational Fees

HDFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.82% 0.08% 5.53% 20.00%
Management Fee 1.00% 0.07% 1.25% 91.28%
12b-1 Fee 0.00% 0.00% 1.00% 6.39%
Administrative Fee 0.20% 0.01% 0.40% 88.97%

Sales Fees

HDFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HDFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 30.19%

Turnover 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.

HDFYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 1.63% 307.00% 19.00%

HDFYX - Distributions

Dividend Yield Analysis

HDFYX Category Low Category High HDFYX % Rank
Dividend Yield 0.00% 0.00% 0.31% 97.51%

Dividend Distribution Analysis

HDFYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

HDFYX Category Low Category High HDFYX % Rank
Net Income Ratio 1.97% -0.63% 5.00% 43.13%

Capital Gain Distribution Analysis

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

HDFYX - Managers

Robert Bugg

Manager

Start Date

Tenure

Tenure Rank

Nov 14, 2011

4.13

4.1%

Mr. Bugg has 25 years of experience in managing portfolios for individuals, corporations, and foundations. Before he cofounded Brookmont Capital Management, he served as the Senior Investment Manager for Comerica Bank's Asset Management Department in Texas. In 2000, he helped launch and manage their Dividend Income Strategy. Prior to Comerica, he was a Portfolio Manager and Equity Analyst for AmSouth Bank and SunTrust Bank. As Principal and CIO, Mr Bugg's responsibilities include managing several strategies, serving on the Investment Policy Committee and directing the firm's asset allocation models. He graduated from Huntington College with a Bachelor of Arts in Marketing and History and earned his Masters of Business Administration from the University of Alabama and is a Chartered Financial Analyst.


Tenure Analysis

Category Low

1.16

Category High

19.16

Category Average

5.57

Category Mode

1.32