HFRBX: Highland Floating Rate Opportunities B

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HFRBX Highland Floating Rate Opportunities B


Profile

HFRBX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 10.4%
  • 5 Yr Annualized Return 12.3%
  • Net Assets $1.48 B
  • Holdings in Top 10 18.5%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.17%

SALES FEES

  • Front Load N/A
  • Deferred Load 3.25%

BROKERAGE FEES

  • Turnover 71.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

Closed to new investors as of May 02, 2005
  • Standard (Taxable) $2,500
  • IRA $50

Fund Classification

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

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 9.9%
  • 5 Yr Annualized Total Return 12.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.30%
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
    B
  • 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) in floating rate loans and other securities deemed to be floating rate investments. It may invest up to 20% of its total assets in equity or debt securities other than floating rate investments. The fund is non-diversified.


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Categories

HFRBX - Mutual Fund Categories


Performance

HFRBX - Performance

Return Ranking - Trailing

Period HFRBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 268.1% N/A
1 Yr 14.0% -64.8% 268.1% N/A
3 Yr 10.4%* -100.0% 115.6% N/A
5 Yr 12.3%* -100.0% 58.6% N/A
10 Yr 2.1%* -12.1% 26.2% N/A

* Annualized

Return Ranking - Calendar

Period HFRBX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -100.0% 73.0% N/A
2018 N/A -76.0% 212.6% N/A
2017 N/A -65.0% 900.0% N/A
2016 N/A -87.3% 336.8% N/A
2015 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period HFRBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 268.1% N/A
1 Yr 10.7% -64.8% 268.1% N/A
3 Yr 9.9%* -100.0% 115.6% N/A
5 Yr 12.2%* -100.0% 58.6% N/A
10 Yr 2.1%* -12.1% 26.3% N/A

* Annualized

Total Return Ranking - Calendar

Period HFRBX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -100.0% 76.6% N/A
2018 N/A -30.7% 212.6% N/A
2017 N/A -65.0% 900.0% N/A
2016 N/A -87.3% 341.1% N/A
2015 N/A -60.1% 304.1% N/A

NAV & Total Return History


Holdings

HFRBX - Holdings

Concentration Analysis

HFRBX Category Low Category High HFRBX % Rank
Net Assets 1.48 B 10 804 B N/A
Number of Holdings 239 1 17333 N/A
Net Assets in Top 10 222 M -7.11 B 145 B N/A
Weighting of Top 10 18.54% 0.0% 20474.3% N/A

Top 10 Holdings

  1. Young Broadcasting 4.01%
  2. Ccs Med Hldgs Inc 2.48%
  3. Metro Goldwyn Mayer Inc 2.31%
  4. Txu Us Hldgs Co 2.05%
  5. Highland/iBoxx Senior Loan ETF 1.92%
  6. Dell Inc. 1.39%
  7. Supervalu Inc 1.16%
  8. Getty Images Inc 1.12%
  9. Guitar Center Inc 1.05%
  10. Delta Air Lines Inc 1.04%

Asset Allocation

Weighting Return Low Return High HFRBX % Rank
Bonds
75.69% -955.59% 2458.15% N/A
Cash
11.60% -2458.20% 7388.76% N/A
Stocks
8.76% -142.98% 259.25% N/A
Other
3.41% -7288.76% 493.15% N/A
Convertible Bonds
0.53% -0.37% 144.58% N/A
Preferred Stocks
0.00% -21.20% 80.89% N/A

Stock Sector Breakdown

Weighting Return Low Return High HFRBX % Rank
Consumer Cyclical
4.01% -20.80% 87.44% N/A
Real Estate
0.85% -8.52% 100.26% N/A
Communication Services
0.14% -9.27% 90.02% N/A
Utilities
0.00% -3.80% 94.95% N/A
Technology
0.00% -26.81% 99.57% N/A
Industrials
0.00% -19.53% 93.31% N/A
Healthcare
0.00% -15.38% 100.00% N/A
Financial Services
0.00% -7.59% 99.69% N/A
Energy
0.00% -6.25% 144.83% N/A
Consumer Defense
0.00% -7.54% 98.24% N/A
Basic Materials
0.00% -5.18% 96.19% N/A

Stock Geographic Breakdown

Weighting Return Low Return High HFRBX % Rank
US
8.76% -142.98% 149.27% N/A
Non US
0.00% -38.73% 159.65% N/A

Bond Sector Breakdown

Weighting Return Low Return High HFRBX % Rank
Corporate
70.13% -46.36% 3345.86% N/A
Cash & Equivalents
11.60% -2458.20% 7388.76% N/A
Securitized
5.39% -24.16% 264.51% N/A
Derivative
0.00% -511.61% 54.22% N/A
Municipal
0.00% 0.00% 165.37% N/A
Government
0.00% -3298.93% 2458.15% N/A

Bond Geographic Breakdown

Weighting Return Low Return High HFRBX % Rank
US
62.99% -955.59% 2458.15% N/A
Non US
12.70% -153.97% 464.75% N/A

Expenses

HFRBX - Expenses

Operational Fees

HFRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.17% -2.86% 950.64% N/A
Management Fee 0.65% 0.00% 2.87% N/A
12b-1 Fee 0.70% 0.00% 1.00% N/A
Administrative Fee 0.20% 0.00% 52000.00% N/A

Sales Fees

HFRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 25.00% N/A
Deferred Load 3.25% 0.25% 5.50% N/A

Trading Fees

HFRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 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.

HFRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 0.00% 5067.00% N/A

Distributions

HFRBX - Distributions

Dividend Yield Analysis

HFRBX Category Low Category High HFRBX % Rank
Dividend Yield 0.00% 0.00% 84.51% N/A

Dividend Distribution Analysis

HFRBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

HFRBX Category Low Category High HFRBX % Rank
Net Income Ratio 4.30% -46.00% 10.88% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

HFRBX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.52 5.37 3.25