Highland Fixed Income C
Name
As of 11/16/2020Price
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
Vitals
YTD Return
3.3%
1 yr return
2.9%
3 Yr Avg Return
2.6%
5 Yr Avg Return
2.9%
Net Assets
$198 M
Holdings in Top 10
16.9%
52 WEEK LOW AND HIGH
$13.5
$11.95
$13.45
Expenses
OPERATING FEES
Expense Ratio 1.70%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 53.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/16/2020Price
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
HFBCX - Profile
Distributions
- YTD Total Return 3.3%
- 3 Yr Annualized Total Return 2.6%
- 5 Yr Annualized Total Return 2.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.97%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameHighland Fixed Income Fund
-
Fund Family NameHighland Funds
-
Inception DateSep 30, 1999
-
Shares Outstanding131562
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJohn Hakopian
Fund Description
HFBCX - Performance
Return Ranking - Trailing
| Period | HFBCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.3% | -9.1% | 954.0% | 86.15% |
| 1 Yr | 2.9% | -4.8% | 16.6% | 95.47% |
| 3 Yr | 2.6%* | 0.9% | 8.1% | 98.40% |
| 5 Yr | 2.9%* | 1.0% | 7.9% | 94.80% |
| 10 Yr | 2.5%* | 1.3% | 7.5% | 96.06% |
* Annualized
Return Ranking - Calendar
| Period | HFBCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.0% | -1.7% | 13.9% | 83.86% |
| 2022 | -3.1% | -10.3% | 2.7% | 36.40% |
| 2021 | 0.9% | -49.5% | 8.1% | 77.82% |
| 2020 | 2.4% | -49.3% | 192.8% | 6.30% |
| 2019 | -2.8% | -12.2% | 0.2% | 48.67% |
Total Return Ranking - Trailing
| Period | HFBCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.3% | -9.1% | 954.0% | 86.15% |
| 1 Yr | 1.9% | -7.9% | 16.6% | 89.11% |
| 3 Yr | 2.6%* | 0.4% | 8.1% | 95.38% |
| 5 Yr | 2.9%* | 0.7% | 7.9% | 91.21% |
| 10 Yr | 2.5%* | 1.3% | 7.5% | 95.21% |
* Annualized
Total Return Ranking - Calendar
| Period | HFBCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.0% | -1.7% | 13.9% | 84.26% |
| 2022 | -3.1% | -10.3% | 3.9% | 48.75% |
| 2021 | 0.9% | -6.0% | 8.4% | 85.02% |
| 2020 | 2.4% | -5.7% | 204.3% | 23.01% |
| 2019 | -2.8% | -12.2% | 3.7% | 65.31% |
NAV & Total Return History
HFBCX - Holdings
Concentration Analysis
| HFBCX | Category Low | Category High | HFBCX % Rank | |
|---|---|---|---|---|
| Net Assets | 198 M | 3.15 M | 293 B | 81.24% |
| Number of Holdings | 202 | 1 | 18468 | 85.21% |
| Net Assets in Top 10 | 32.3 M | -1.17 B | 39.4 B | 85.40% |
| Weighting of Top 10 | 16.91% | 3.1% | 100.0% | 76.26% |
Top 10 Holdings
- United States Treasury Bonds 2.25% 2.18%
- Qwest Corporation 0% 2.02%
- Southwest Airlines Co. 7.38% 1.83%
- United States Treasury Bonds 1.12% 1.77%
- JPMorgan Chase & Co Deposit Shs Repr 1/10th Non-Cum Perp Pfd Shs Series -S- 1.69%
- Government National Mortgage Association 3.25% 1.61%
- FRESB MORTGAGE TRUST 3.48% 1.51%
- Qwest Corporation 0% 1.50%
- Oaktree Specialty Lending Corporation 3.5% 1.41%
- Government National Mortgage Association 2.6% 1.39%
Asset Allocation
| Weighting | Return Low | Return High | HFBCX % Rank | |
|---|---|---|---|---|
| Bonds | 88.72% | -56.20% | 351.52% | 82.25% |
| Preferred Stocks | 10.40% | 0.00% | 80.56% | 0.28% |
| Stocks | 1.10% | -0.16% | 10.12% | 1.39% |
| Other | 0.09% | -14.22% | 7.23% | 8.74% |
| Convertible Bonds | 0.06% | 0.00% | 11.80% | 83.81% |
| Cash | -0.38% | -238.91% | 164.87% | 82.23% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HFBCX % Rank | |
|---|---|---|---|---|
| Real Estate | 88.25% | 0.00% | 88.25% | 0.71% |
| Financial Services | 10.03% | 0.00% | 100.00% | 31.07% |
| Consumer Cyclical | 0.82% | 0.00% | 100.00% | 20.36% |
| Technology | 0.33% | 0.00% | 82.90% | 13.57% |
| Communication Services | 0.22% | 0.00% | 100.00% | 30.36% |
| Utilities | 0.21% | 0.00% | 100.00% | 32.14% |
| Energy | 0.07% | 0.00% | 100.00% | 53.21% |
| Industrials | 0.05% | 0.00% | 33.93% | 18.57% |
| Healthcare | 0.02% | 0.00% | 60.00% | 21.79% |
| Basic Materials | 0.01% | 0.00% | 100.00% | 13.93% |
| Consumer Defense | 0.00% | 0.00% | 24.55% | 73.57% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HFBCX % Rank | |
|---|---|---|---|---|
| US | 1.09% | -0.16% | 9.71% | 1.40% |
| Non US | 0.01% | 0.00% | 4.67% | 5.12% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | HFBCX % Rank | |
|---|---|---|---|---|
| Corporate | 46.66% | 0.00% | 100.00% | 20.00% |
| Securitized | 35.02% | 0.00% | 98.42% | 34.33% |
| Government | 13.20% | 0.00% | 89.39% | 74.70% |
| Municipal | 3.72% | 0.00% | 84.84% | 8.84% |
| Cash & Equivalents | 1.24% | 0.00% | 91.85% | 92.00% |
| Derivative | 0.17% | 0.00% | 23.62% | 26.23% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | HFBCX % Rank | |
|---|---|---|---|---|
| US | 87.32% | -56.44% | 336.16% | 38.79% |
| Non US | 1.40% | -144.79% | 79.88% | 91.16% |
HFBCX - Expenses
Operational Fees
| HFBCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.70% | 0.01% | 21.33% | 6.90% |
| Management Fee | 0.30% | 0.00% | 0.85% | 29.93% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 95.95% |
| Administrative Fee | 0.20% | 0.01% | 0.50% | 85.45% |
Sales Fees
| HFBCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.50% | 77.97% |
Trading Fees
| HFBCX 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.
| HFBCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 53.00% | 3.00% | 489.00% | 24.46% |
HFBCX - Distributions
Dividend Yield Analysis
| HFBCX | Category Low | Category High | HFBCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.70% | 0.00% | 3.91% | 3.97% |
Dividend Distribution Analysis
| HFBCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| HFBCX | Category Low | Category High | HFBCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.97% | -0.35% | 11.28% | 87.04% |
Capital Gain Distribution Analysis
| HFBCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 30, 2020 | $0.026 | |
| Sep 30, 2020 | $0.016 | |
| Aug 31, 2020 | $0.013 | |
| Jul 31, 2020 | $0.014 | |
| Jun 30, 2020 | $0.024 | |
| May 29, 2020 | $0.014 | |
| Apr 30, 2020 | $0.018 | |
| Mar 31, 2020 | $0.024 | |
| Feb 28, 2020 | $0.014 | |
| Jan 31, 2020 | $0.017 | |
| Dec 31, 2019 | $0.021 | |
| Nov 29, 2019 | $0.021 | |
| Oct 31, 2019 | $0.027 | |
| Sep 30, 2019 | $0.018 | |
| Aug 30, 2019 | $0.032 | |
| Jul 31, 2019 | $0.036 | |
| May 31, 2019 | $0.020 | |
| Apr 30, 2019 | $0.019 | |
| Mar 29, 2019 | $0.020 | |
| Feb 28, 2019 | $0.018 | |
| Jan 31, 2019 | $0.021 | |
| Dec 31, 2018 | $0.019 | |
| Nov 30, 2018 | $0.018 | |
| Oct 31, 2018 | $0.023 | |
| Aug 31, 2018 | $0.021 | |
| Jul 31, 2018 | $0.019 | |
| Jun 29, 2018 | $0.027 | |
| May 31, 2018 | $0.020 | |
| Apr 30, 2018 | $0.020 | |
| Mar 29, 2018 | $0.023 | |
| Feb 28, 2018 | $0.020 | |
| Jan 31, 2018 | $0.018 | |
| Dec 29, 2017 | $0.023 | |
| Nov 30, 2017 | $0.021 | |
| Oct 31, 2017 | $0.017 | |
| Sep 29, 2017 | $0.021 | |
| Aug 31, 2017 | $0.020 | |
| Jul 31, 2017 | $0.018 | |
| Jun 30, 2017 | $0.022 | |
| May 13, 2017 | $0.021 | |
| Apr 28, 2017 | $0.017 | |
| Mar 31, 2017 | $0.020 | |
| Feb 28, 2017 | $0.020 | |
| Jan 31, 2017 | $0.017 | |
| Dec 30, 2016 | $0.033 | |
| Nov 30, 2016 | $0.020 | |
| Oct 31, 2016 | $0.018 | |
| Sep 30, 2016 | $0.026 | |
| Aug 31, 2016 | $0.021 | |
| Jul 29, 2016 | $0.019 | |
| Jun 30, 2016 | $0.246 | |
| May 31, 2016 | $0.018 | |
| Apr 29, 2016 | $0.021 | |
| Mar 31, 2016 | $0.025 | |
| Feb 29, 2016 | $0.019 | |
| Jan 29, 2016 | $0.018 | |
| Dec 31, 2015 | $0.032 | |
| Nov 30, 2015 | $0.018 | |
| Oct 30, 2015 | $0.017 | |
| Sep 30, 2015 | $0.022 | |
| Aug 31, 2015 | $0.014 | |
| Jul 31, 2015 | $0.017 | |
| Jun 30, 2015 | $0.019 | |
| May 29, 2015 | $0.014 | |
| Apr 30, 2015 | $0.019 | |
| Mar 31, 2015 | $0.016 | |
| Feb 27, 2015 | $0.014 | |
| Jan 30, 2015 | $0.015 | |
| Dec 31, 2014 | $0.024 | |
| Nov 28, 2014 | $0.012 | |
| Oct 31, 2014 | $0.014 | |
| Sep 30, 2014 | $0.013 | |
| Aug 29, 2014 | $0.010 | |
| Jul 31, 2014 | $0.011 | |
| Jun 30, 2014 | $0.012 | |
| May 30, 2014 | $0.010 | |
| Apr 30, 2014 | $0.011 | |
| Mar 31, 2014 | $0.013 | |
| Feb 28, 2014 | $0.015 | |
| Jan 31, 2014 | $0.014 | |
| Dec 31, 2013 | $0.015 | |
| Nov 29, 2013 | $0.017 | |
| Oct 31, 2013 | $0.018 | |
| Sep 30, 2013 | $0.016 | |
| Aug 30, 2013 | $0.017 | |
| Jul 31, 2013 | $0.016 | |
| Jun 28, 2013 | $0.013 | |
| May 31, 2013 | $0.008 | |
| Apr 30, 2013 | $0.006 | |
| Mar 28, 2013 | $0.005 | |
| Feb 28, 2013 | $0.006 | |
| Jan 31, 2013 | $0.002 | |
| Dec 31, 2012 | $0.002 | |
| Nov 30, 2012 | $0.002 | |
| Oct 31, 2012 | $0.002 | |
| Sep 28, 2012 | $0.009 | |
| Aug 31, 2012 | $0.012 | |
| Jul 31, 2012 | $0.014 | |
| Jun 29, 2012 | $0.015 | |
| May 31, 2012 | $0.014 | |
| Apr 30, 2012 | $0.012 | |
| Mar 30, 2012 | $0.014 | |
| Feb 29, 2012 | $0.017 | |
| Jan 31, 2012 | $0.020 | |
| Dec 30, 2011 | $0.023 | |
| Nov 30, 2011 | $0.021 | |
| Oct 31, 2011 | $0.023 | |
| Sep 30, 2011 | $0.021 | |
| Aug 31, 2011 | $0.020 | |
| Jul 29, 2011 | $0.022 | |
| Jun 30, 2011 | $0.026 | |
| May 31, 2011 | $0.033 | |
| Mar 31, 2011 | $0.029 | |
| Feb 28, 2011 | $0.025 | |
| Jan 31, 2011 | $0.032 | |
| Dec 31, 2010 | $0.029 | |
| Nov 30, 2010 | $0.027 | |
| Oct 29, 2010 | $0.017 | |
| Sep 30, 2010 | $0.028 | |
| Aug 31, 2010 | $0.026 | |
| Jul 30, 2010 | $0.031 | |
| Jun 30, 2010 | $0.029 | |
| May 28, 2010 | $0.026 | |
| Apr 30, 2010 | $0.031 | |
| Mar 31, 2010 | $0.029 | |
| Feb 26, 2010 | $0.027 | |
| Jan 29, 2010 | $0.032 | |
| Dec 31, 2009 | $0.037 | |
| Nov 30, 2009 | $0.033 | |
| Oct 30, 2009 | $0.026 | |
| Sep 30, 2009 | $0.033 | |
| Aug 31, 2009 | $0.028 | |
| Jul 31, 2009 | $0.031 | |
| Jun 30, 2009 | $0.029 | |
| May 29, 2009 | $0.026 | |
| Apr 30, 2009 | $0.023 | |
| Mar 31, 2009 | $0.023 | |
| Feb 27, 2009 | $0.023 | |
| Jan 30, 2009 | $0.030 | |
| Dec 31, 2008 | $0.032 | |
| Nov 28, 2008 | $0.032 | |
| Oct 31, 2008 | $0.039 | |
| Sep 30, 2008 | $0.025 | |
| Aug 29, 2008 | $0.041 | |
| Jul 31, 2008 | $0.033 | |
| Jun 30, 2008 | $0.029 | |
| May 30, 2008 | $0.029 | |
| Apr 30, 2008 | $0.027 | |
| Mar 31, 2008 | $0.033 | |
| Feb 29, 2008 | $0.035 | |
| Jan 31, 2008 | $0.039 | |
| Dec 31, 2007 | $0.037 | |
| Nov 30, 2007 | $0.041 | |
| Oct 31, 2007 | $0.039 | |
| Sep 28, 2007 | $0.036 | |
| Aug 31, 2007 | $0.050 | |
| Jul 31, 2007 | $0.041 | |
| Jun 29, 2007 | $0.048 | |
| May 31, 2007 | $0.044 | |
| Apr 30, 2007 | $0.040 | |
| Mar 30, 2007 | $0.046 | |
| Feb 28, 2007 | $0.044 | |
| Jan 31, 2007 | $0.039 | |
| Dec 29, 2006 | $0.046 | |
| Nov 30, 2006 | $0.042 | |
| Oct 31, 2006 | $0.040 | |
| Sep 29, 2006 | $0.044 | |
| Aug 31, 2006 | $0.042 | |
| Jul 31, 2006 | $0.038 | |
| Jun 30, 2006 | $0.043 | |
| May 31, 2006 | $0.041 | |
| Apr 28, 2006 | $0.035 | |
| Mar 31, 2006 | $0.044 | |
| Feb 28, 2006 | $0.037 | |
| Jan 31, 2006 | $0.036 | |
| Nov 30, 2005 | $0.040 | |
| Oct 31, 2005 | $0.038 | |
| Sep 30, 2005 | $0.037 | |
| Aug 31, 2005 | $0.035 | |
| Jul 29, 2005 | $0.034 | |
| Jun 30, 2005 | $0.034 | |
| May 31, 2005 | $0.035 | |
| Apr 29, 2005 | $0.035 | |
| Mar 31, 2005 | $0.031 | |
| Feb 28, 2005 | $0.027 | |
| Jan 31, 2005 | $0.029 | |
| Dec 31, 2004 | $0.030 | |
| Nov 30, 2004 | $0.028 | |
| Oct 29, 2004 | $0.027 | |
| Sep 30, 2004 | $0.027 | |
| Aug 31, 2004 | $0.027 | |
| Jul 30, 2004 | $0.028 | |
| Jun 30, 2004 | $0.026 | |
| May 28, 2004 | $0.028 | |
| Apr 30, 2004 | $0.026 | |
| Mar 31, 2004 | $0.029 | |
| Feb 27, 2004 | $0.027 | |
| Jan 30, 2004 | $0.028 | |
| Dec 31, 2003 | $0.027 | |
| Nov 28, 2003 | $0.027 | |
| Oct 31, 2003 | $0.026 | |
| Sep 30, 2003 | $0.034 | |
| Aug 29, 2003 | $0.023 | |
| Jul 31, 2003 | $0.015 | |
| Jun 30, 2003 | $0.023 | |
| May 30, 2003 | $0.036 | |
| Apr 25, 2003 | $0.026 | |
| Mar 25, 2003 | $0.023 | |
| Feb 25, 2003 | $0.030 | |
| Jan 24, 2003 | $0.026 | |
| Dec 24, 2002 | $0.044 | |
| Nov 25, 2002 | $0.028 | |
| Oct 25, 2002 | $0.032 | |
| Sep 25, 2002 | $0.033 | |
| Aug 25, 2002 | $0.036 | |
| Jul 25, 2002 | $0.050 | |
| Jun 25, 2002 | $0.039 | |
| May 25, 2002 | $0.039 | |
| Apr 25, 2002 | $0.039 | |
| Mar 25, 2002 | $0.027 | |
| Feb 25, 2002 | $0.031 | |
| Jan 25, 2002 | $0.042 | |
| Dec 24, 2001 | $0.050 | |
| Nov 23, 2001 | $0.047 |
HFBCX - Fund Manager Analysis
Managers
John Hakopian
Start Date
Tenure
Tenure Rank
Aug 01, 2014
6.25
6.3%
Mr. Hakopian is Portfolio Manager and President of First Foundation Advisors (“FFA”) 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 |
|---|---|---|---|
| 0.04 | 31.85 | 6.97 | 1.34 |