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Highland Global Allocation Fund (HGLB)

Non U.S. Equity Funds - Global Equity

Data as of Feb. 26, 2021
Market Price $7.23 (- $0.15)
NAV (Feb. 26, 2021) $10.66 (- $0.42)
Premium / Discount -32.18% (+1.22%)
Fund Info
Inception Feb. 15, 2019
Sponsor Highland Capital Management
Website https://www.highlandfu...
Location Texas
Incorporated Massachusetts
Staggered Board Yes
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 21,740,552
Total Assets (Reported: Sept. 30, 2020) $278M
Estimated Total Assets $232M
Net Assets $232M
Market Cap $157M
Portfolio Turnover 18.00%
Total Leverage 24.76%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 100.00%
Expense Ratio 1.81%
Non Lev Exp Ratio 0.92%
Rel Lev Cost 2.65%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -51.00%
Discount High(3 Yr) 0.33%
Discount Rel Range 36.67%
Comp Discount -22.06
Discount St Dev (1Yr) 4.91
Z-Stat (6mo) 1.19
Z-Stat (1Yr) 1.08
Z-Stat (3Yr)
Comp Z-Stat (6mo) -0.40
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 11.78%
Income Yield 11.78%
Lev Adj NAV Yield 6.41%
Distribution Frequency M
Current Distribution $0.071
Current Income $0.071
Ex-Date 2/18/21
Payable Date 2/26/21
Div Growth (3yr) %
Dividend Change -15.5% on 1/12/21
Expected Div 3/9/21
RoC (1yr) 4.21%
RoC (3yr) 29.76%
Volume & Liquidity
Average Daily $ (M) $1,292
Avg Volume 30 day 162,923
Avg Volume 90 day 178,705
Volume Trend -8.83%
Comp Volume Trend 1.50%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's International Equity Index
Most Correlated Peer (Mk Pr): HIE 73.0%
NAV - Price Correlation (30 d) 94.8%
NAV - Price Correlation (90 d) 90.5%
NAV - Price Correlation (1 Yr) 91.2%
Price St Dev (1Yr) 51.0%
NAV St Dev (1Yr) 24.0%
Earnings / Share (9/30/20) $0.023
Earn Coverage 32.25%
Earnings Trend Down
UNII / Share (9/30/20) $0.045
Rel UNII 5.28
UNII Trend Down
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.

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