HFRAX: Highland Floating Rate Opportunities A

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HFRAX Highland Floating Rate Opportunities A

  • Fund
  • HFRAX
  • Price as of: N/A
  • N/A N/A N/A
  • Primary Category
  • N/A
  • Fund Company
  • N/A
  • Share Class

HFRAX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 1.5%
  • 5 Yr Annualized Return 5.5%
  • Net Assets $877 M
  • Holdings in Top 10 20.5%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.50%

SALES FEES

  • Front Load 3.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 63.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$50

Fund Classification

PRIMARY CATEGORY

N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.35%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

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

Fund Description

The fund seeks to achieve its objective by investing directly and indirectly (e.g., through derivatives that are the economic equivalent of floating rate loans and other floating rate investments) at least 80% of its net assets (plus any borrowings for investment purposes) under normal circumstances in floating rate loans and other securities deemed to be floating rate investments. The fund is non-diversified.

HFRAX - Mutual Fund Categories

HFRAX - Performance

Return Ranking - Trailing

Period HFRAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.0% 5.5% N/A
1 Yr 7.3% -4.0% 1.2% N/A
3 Yr 1.5%* -1.3% 2.8% N/A
5 Yr 5.5%* -3.1% -0.4% N/A
10 Yr 0.9%* -0.6% 1.9% N/A

* Annualized


Return Ranking - Calendar

Period HFRAX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -6.4% 0.0% N/A
2017 N/A -2.7% 2.8% N/A
2016 N/A -0.4% 7.9% N/A
2015 N/A -10.4% -1.0% N/A
2014 N/A -6.9% -1.7% N/A

Total Return Ranking - Trailing

Period HFRAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.0% 5.5% N/A
1 Yr 3.6% -3.9% 1.5% N/A
3 Yr 0.3%* -0.8% 5.9% N/A
5 Yr 4.7%* -2.4% 3.4% N/A
10 Yr 0.6%* -0.2% 4.4% N/A

* Annualized


Total Return Ranking - Calendar

Period HFRAX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -6.4% 0.7% N/A
2017 N/A -1.6% 7.2% N/A
2016 N/A 1.6% 11.5% N/A
2015 N/A -8.8% 1.6% N/A
2014 N/A -6.9% 2.4% N/A

NAV & Total Return History

HFRAX - Holdings

Concentration Analysis

HFRAX Category Low Category High HFRAX % Rank
Net Assets 877 M 67.3 M 12.7 B N/A
Number of Holdings 203 94 1815 N/A
Net Assets in Top 10 174 M 11.4 M 1.74 B N/A
Weighting of Top 10 20.51% 5.3% 81.0% 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 HFRAX % Rank
Bonds
82.95% 80.82% 98.58% N/A
Other
8.55% -4.40% 9.21% N/A
Stocks
8.49% 0.00% 3.84% N/A
Preferred Stocks
0.00% 0.00% 0.31% N/A
Convertible Bonds
0.00% 0.00% 4.55% N/A
Cash
0.00% -0.45% 15.76% N/A

Stock Sector Breakdown

Weighting Return Low Return High HFRAX % Rank
Consumer Cyclical
0.85% 0.00% 0.73% N/A
Utilities
0.00% 0.00% 0.48% N/A
Technology
0.00% 0.00% 0.06% N/A
Real Estate
0.00% 0.00% 0.15% N/A
Industrials
0.00% 0.00% 0.54% N/A
Healthcare
0.00% 0.00% 0.09% N/A
Financial Services
0.00% 0.00% 0.33% N/A
Energy
0.00% 0.00% 0.53% N/A
Communication Services
0.00% 0.00% 0.02% N/A
Consumer Defense
0.00% 0.00% 0.05% N/A
Basic Materials
0.00% 0.00% 2.29% N/A

Stock Geographic Breakdown

Weighting Return Low Return High HFRAX % Rank
US
8.49% 0.00% 3.84% N/A
Non US
0.00% 0.00% 0.41% N/A

Bond Sector Breakdown

Weighting Return Low Return High HFRAX % Rank
Corporate
53.18% 0.00% 98.26% N/A
Securitized
7.99% 0.00% 39.66% N/A
Derivative
0.00% -0.09% 9.07% N/A
Cash & Equivalents
0.00% -1.90% 70.33% N/A
Municipal
0.00% 0.00% 0.15% N/A
Government
0.00% 0.00% 8.58% N/A

Bond Geographic Breakdown

Weighting Return Low Return High HFRAX % Rank
Non US
71.59% 0.00% 59.30% N/A
US
11.36% 38.04% 97.95% N/A

HFRAX - Expenses

Operational Fees

HFRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.50% 0.01% 2.99% N/A
Management Fee 0.65% 0.00% 1.00% N/A
12b-1 Fee 0.35% 0.00% 1.00% N/A
Administrative Fee 0.20% 0.03% 0.40% N/A

Sales Fees

HFRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.50% 0.75% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HFRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% N/A

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.

HFRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 63.00% 12.00% 163.00% N/A

HFRAX - Distributions

Dividend Yield Analysis

HFRAX Category Low Category High HFRAX % Rank
Dividend Yield 0.00% 0.00% 3.81% N/A

Dividend Distribution Analysis

HFRAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

HFRAX Category Low Category High HFRAX % Rank
Net Income Ratio 4.35% 2.34% 5.70% N/A

Capital Gain Distribution Analysis

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

HFRAX - Managers

Tenure Analysis

Category Low

N/A

Category High

N/A

Category Average

N/A

Category Mode

N/A