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Highland Global Allocation Fund (HGLB)

Non U.S. Equity Funds - Global Equity

Data as of March 27, 2020
Current
Market Price $4.43 (- $0.02)
NAV (March 27, 2020) $8.28 ( $0.00)
Premium / Discount -46.50% (-0.24%)
Fund Info
Inception Feb. 15, 2019
Sponsor Highland Capital Management
Website https://www.highlandfu...
Phone
NAV Symbol XHGLX
Objective: Seeks above-average risk-adjusted total returns by investing in U.S. and foreign equities and fixed income securities, along with select alternative investments in the pursuit of long-term capital growth and future income
Related Indexes
High Income Index
Equity Income Index
Global Equity Index
60/40 Balanced (w/ BDCs) Index
All Sector Equity CEF Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 22,631,046
Total Assets (Reported: Sept. 30, 2019) $499M
Estimated Total Assets $238M
Net Assets $187M
Market Cap $100M
Purchases Turnover %
Sales Turnover %
Total Leverage 39.16%
Structural Leverage (out of total) 53.91%
Portfolio Leverage (out of total) 46.09%
Expense Ratio 2.54%
Non Lev Exp Ratio 0.83%
Rel Lev Cost 2.59%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -51.00%
Discount High(3 Yr) 0.33%
Discount Rel Range 8.77%
Comp Discount -34.23
Discount St Dev (1Yr) 5.75
Z-Stat
Z-Stat (6mo) -3.29
Z-Stat (1Yr) -4.24
Z-Stat (3Yr)
Comp Z-Stat (6mo) -2.65
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 22.75%
Income Yield 22.75%
Lev Adj NAV Yield 8.75%
Distribution Frequency M
Current Distribution $0.084
Current Income $0.084
Ex-Date 3/23/20
Payable Date 3/31/20
Div Growth (3yr) %
Dividend Change -20.8% on 1/8/20
Expected Div 1/7/21
RoC (1yr) 21.52%
RoC (3yr) 22.90%
Volume & Liquidity
Average Daily $ (M) $600
Avg Volume 30 day 195,700
Avg Volume 90 day 135,453
Volume Trend 44.48%
Comp Volume Trend -1.15%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
72.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
84.0%
Price Correlation (1yr)
vs. CEFA's International Equity Index
86.0%
Most Correlated Peer (Mk Pr): EOD 90.0%
NAV - Price Correlation (30 d) 98.4%
NAV - Price Correlation (90 d) 98.7%
NAV - Price Correlation (1 Yr) 98.4%
Price St Dev (1Yr) 46.6%
NAV St Dev (1Yr) 20.1%
Earnings
Earnings / Share (9/30/19) $0.038
Earn Coverage 45.48%
Earnings Trend Down
UNII / Share (9/30/19) $0.219
Rel UNII 21.69
UNII Trend Up
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's International Equity Index

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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