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Highland Income Fund (HFRO)

Taxable Bond Funds - Multisector Bond Funds

Data as of May 26, 2022
Current
Market Price $11.63 (+ $0.19)
NAV (May 26, 2022) $15.57 (+ $0.07)
Fund Listed NYSE
Premium / Discount -25.31% (+0.89%)
Fund Info
Inception Nov. 6, 2017
Sponsor Highland Capital Management
Website https://www.highlandfu...
Phone
NAV Symbol XHFOX
Location Texas
Incorporated Massachusetts
Staggered Board Yes
Objective: To provide a high level of current income, consistent with the preservation of capital.
Related Indexes
60/40 Balanced (w/ BDCs) Index
Multisector Bond Fund Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 67,978,154
Total Assets (Reported: Dec. 31, 2021) $1,175M
Estimated Total Assets $1,232M
Net Assets $1,058M
Market Cap $791M
Portfolio Turnover 38.00%
Total Leverage 14.09%
Structural Leverage (out of total) 85.59%
Portfolio Leverage (out of total) 14.41%
Expense Ratio 2.55%
Non Lev Exp Ratio 1.67%
Rel Lev Cost 5.29%
Discount Data
Average Discount (3 Yr) -20.61%
Discount Low(3 Yr) -40.85%
Discount High(3 Yr) -3.16%
Discount Rel Range 41.24%
Comp Discount -20.31
Discount St Dev (1Yr) 2.55
Z-Stat
Z-Stat (6mo) -2.18
Z-Stat (1Yr) -1.60
Z-Stat (3Yr) -0.53
Comp Z-Stat (6mo) -1.36
Comp Z-Stat (3Yr) 0.30
Distribution Data
Market Yield 7.94%
Income Yield 7.94%
Lev Adj NAV Yield 5.20%
Distribution Frequency M
Current Distribution $0.077
Current Income $0.077
Ex-Date 5/23/22
Payable Date 5/31/22
Div Growth (3yr) 0.00%
Dividend Change % on
Expected Div 6/1/22
RoC (1yr) 44.48%
RoC (3yr) 45.32%
Tax Dividend Data 2021 2019 - 2021
Income 23.7% 53.0%
ST Gains 0% 0%
QDI 0% 1.4%
LT Gains 0% 0%
RoC 76.3% 47.0%
Volume & Liquidity
Average Daily $ (K) $2,724
Avg Volume 30 day 266,752
Avg Volume 90 day 234,254
Volume Trend 13.87%
Comp Volume Trend 10.21%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
18.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
28.0%
Price Correlation (1yr)
vs. CEFA's Multisector Bond Fund Index
39.0%
Most Correlated Peer (Mk Pr): PDI 32.0%
NAV - Price Correlation (30 d) -54.9%
NAV - Price Correlation (90 d) 0.2%
NAV - Price Correlation (1 Yr) 71.7%
Price St Dev (1Yr) 18.4%
NAV St Dev (1Yr) 7.2%
Earnings
Earnings / Share (12/31/21) $0.071
Earn Coverage 92.08%
Earnings Trend Up
UNII / Share (12/31/21) $0.170
Rel UNII 18.42
UNII Trend Up
Bond Specific Data
Maturity 3.78
Duration
Credit Rating (rbo) BB
Investment Grade 0%
Non Investment Grade 17.61%
Unrated Bonds 82.39%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
-0.12
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
-0.18
NAV Beta (2yr)
vs. CEFA's Multisector Bond Fund Index
-0.10

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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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