HTACX: Highland Total Return C

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HTACX Highland Total Return C

  • Fund
  • HTACX
  • Price as of: Jan 17, 2020
  • $21.42
    + $0.02 + 0.09%

Profile

HTACX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $85 M
  • Holdings in Top 10 42.0%

52 WEEK LOW AND HIGH

$21.42
$18.62
$21.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.98%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 62.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.09%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Highland Total Return Fund Class C
  • Fund Family Name
    Highland Funds
  • Inception Date
    Sep 30, 1999
  • Shares Outstanding
    130184
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jim Garrison

Fund Description

The fund seeks to achieve its investment objective by investing primarily in a combination of U.S. and foreign (non-U.S.) equity and debt securities and cash. The fund's asset allocation process utilizes information from the fund's sub-adviser, First Foundation Advisors ("FFA" or the "Sub-Adviser"), to diversify holdings across these asset classes and to adjust the asset class weightings based on market and economic conditions.


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Categories

HTACX - Mutual Fund Categories


Performance

HTACX - Performance

Return Ranking - Trailing

Period HTACX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -35.7% 6.5% 94.13%
1 Yr 18.0% -28.8% 45.5% 64.08%
3 Yr 3.8%* -39.8% 48.4% 78.04%
5 Yr 3.9%* -26.4% 21.0% 62.66%
10 Yr 5.1%* -9.6% 14.4% 60.93%

* Annualized

Return Ranking - Calendar

Period HTACX Return Category Return Low Category Return High Rank in Category (%)
2019 18.0% -14.9% 45.5% 70.76%
2018 -11.9% -73.8% 141.8% 28.66%
2017 1.5% -76.0% 54.2% 98.45%
2016 8.5% -15.2% 13.9% 4.29%
2015 -13.1% -36.4% 17.2% 94.28%

Total Return Ranking - Trailing

Period HTACX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -35.7% 6.5% 94.13%
1 Yr 17.0% -28.8% 45.5% 66.41%
3 Yr 3.8%* -32.6% 48.4% 88.27%
5 Yr 3.9%* -20.9% 21.0% 81.98%
10 Yr 5.1%* -9.6% 14.4% 84.95%

* Annualized

Total Return Ranking - Calendar

Period HTACX Return Category Return Low Category Return High Rank in Category (%)
2019 18.0% -14.9% 45.5% 70.96%
2018 -11.9% -73.8% 140.6% 45.49%
2017 7.0% 1.5% 54.2% 97.12%
2016 9.7% -15.2% 17.1% 7.14%
2015 -1.5% -36.4% 18.6% 50.95%

NAV & Total Return History


Holdings

HTACX - Holdings

Concentration Analysis

HTACX Category Low Category High HTACX % Rank
Net Assets 85 M 218 K 119 B 73.67%
Number of Holdings 138 19 9892 39.39%
Net Assets in Top 10 35.6 M 236 K 20.3 B 66.67%
Weighting of Top 10 41.95% 7.3% 82.0% 20.83%

Top 10 Holdings

  1. PICO Holdings Inc 8.54%
  2. Bollore SA 5.49%
  3. Liberty Formula One Group A 5.14%
  4. CenturyLink Inc 4.50%
  5. Berkshire Hathaway Inc B 4.50%
  6. Financiere de l'Odet SA 3.33%
  7. Alphabet Inc Class C 2.99%
  8. Vivendi SA ADR 2.59%
  9. Sony Corp ADR 2.59%
  10. Kayne Anderson MidstreamEnergy 2.29%

Asset Allocation

Weighting Return Low Return High HTACX % Rank
Stocks
67.21% 2.12% 100.31% 97.35%
Cash
19.58% -4.56% 89.42% 2.27%
Bonds
14.18% -11.97% 17.82% 2.46%
Preferred Stocks
0.42% 0.00% 6.74% 4.55%
Convertible Bonds
0.00% 0.00% 3.63% 24.05%
Other
-1.40% -1.40% 20.43% 99.62%

Stock Sector Breakdown

Weighting Return Low Return High HTACX % Rank
Communication Services
42.88% -0.46% 42.88% 0.19%
Utilities
12.99% -0.68% 12.99% 0.19%
Financial Services
9.54% -3.32% 41.08% 91.67%
Energy
8.07% 0.00% 11.01% 0.76%
Real Estate
5.43% -1.40% 12.56% 5.87%
Industrials
5.19% -5.03% 26.65% 87.88%
Consumer Defense
4.52% -1.09% 27.86% 76.52%
Basic Materials
4.25% -0.64% 11.91% 32.20%
Technology
4.19% 2.76% 46.83% 99.05%
Consumer Cyclical
2.63% 0.00% 38.28% 98.30%
Healthcare
0.33% -4.43% 33.91% 96.78%

Stock Geographic Breakdown

Weighting Return Low Return High HTACX % Rank
US
44.28% -5.21% 76.88% 88.64%
Non US
22.93% -0.77% 86.59% 92.61%

Bond Sector Breakdown

Weighting Return Low Return High HTACX % Rank
Cash & Equivalents
59.85% 0.00% 100.00% 83.14%
Corporate
30.95% 0.00% 100.00% 5.11%
Securitized
7.46% 0.00% 12.50% 2.46%
Government
1.72% 0.00% 95.94% 11.55%
Municipal
0.02% 0.00% 5.70% 3.79%
Derivative
0.00% -12.74% 95.66% 27.84%

Bond Geographic Breakdown

Weighting Return Low Return High HTACX % Rank
US
12.51% -11.97% 14.61% 1.52%
Non US
1.67% 0.00% 12.80% 3.41%

Expenses

HTACX - Expenses

Operational Fees

HTACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.98% 0.08% 44.68% 21.33%
Management Fee 0.50% 0.00% 1.75% 21.02%
12b-1 Fee 1.00% 0.00% 1.00% 80.34%
Administrative Fee 0.20% 0.01% 0.65% 87.15%

Sales Fees

HTACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.10% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 28.57%

Trading Fees

HTACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.10% 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.

HTACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 1.00% 995.00% 74.76%

Distributions

HTACX - Distributions

Dividend Yield Analysis

HTACX Category Low Category High HTACX % Rank
Dividend Yield 0.00% 0.00% 18.78% 28.60%

Dividend Distribution Analysis

HTACX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

HTACX Category Low Category High HTACX % Rank
Net Income Ratio 0.09% -2.05% 7.25% 79.24%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

HTACX - Fund Manager Analysis

Managers

Jim Garrison


Start Date

Tenure

Tenure Rank

Feb 01, 2015

4.92

4.9%

Jim Garrison is a portfolio manager at First Foundation Advisors. Mr. Garrison is part of the investment team. He is a member of FFA’s Investment Committee, where he assists in shaping the portfolio investment process and overall asset allocations. Mr. Garrison also provides research and recommendations of third-party equity investment opportunities. Prior to joining FFA in 1999, Mr. Garrison worked as an internal audit consultant for Arthur Andersen, LLP. Mr. Garrison earned a Bachelor of Science in Agricultural and Managerial Economics from the University of California, Davis and is a Chartered Financial Analyst.

Eric Speron


Start Date

Tenure

Tenure Rank

Feb 01, 2015

4.92

4.9%

Eric Speron is a portfolio manager at First Foundation Advisors(FFA). Mr. Speron is part of the investment team. He is a member of FFA’s Investment Committee, where he assists in shaping the portfolio investment process and overall asset allocations. Mr. Speron also provides research and recommendations of third-party equity investment opportunities. Prior to joining FFA in 2007, Mr. Speron worked at Credit Suisse First Boston and JPMorgan. Mr. Speron earned a Bachelor of Arts Degree from Georgetown University and is a Chartered Financial Analyst.

John Hakopian


Start Date

Tenure

Tenure Rank

Feb 01, 2015

4.92

4.9%

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 29.02 6.99 14.09