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Highland Income Fund (HFRO)

Taxable Bond Funds - Multisector Bond Funds

Data as of March 24, 2023
Market Price $9.07 (- $0.16)
NAV (March 24, 2023) $13.61 (+ $0.05)
Fund Listed NYSE
Premium / Discount -33.36% (-1.43%)
Fund Info
Inception Nov. 6, 2017
Sponsor Highland Capital Management
Website https://www.highlandfu...
Location Texas
Incorporated Massachusetts
Staggered Board Yes
Objective: To provide a high level of current income, consistent with the preservation of capital.
Related Indexes
15 Major CEF Sectors Index
60/40 Balanced (w/ BDCs) Index
Multisector Bond Fund Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 68,121,308
Total Assets (Reported: Dec. 31, 2022) $1,129M
Estimated Total Assets $1,092M
Net Assets $927M
Market Cap $618M
Portfolio Turnover 26.00%
Total Leverage 15.10%
Structural Leverage (out of total) 82.65%
Portfolio Leverage (out of total) 17.35%
Expense Ratio 2.14%
Non Lev Exp Ratio 1.32%
Rel Lev Cost 4.55%
Discount Data
Average Discount (3 Yr) -25.29%
Discount Low(3 Yr) -40.85%
Discount High(3 Yr) -12.87%
Discount Rel Range (3 Yr) 26.78%
Comp Discount -28.56
Discount St Dev (1Yr) 3.26
Z-Stat (6mo) -1.55
Z-Stat (1Yr) -2.17
Z-Stat (3Yr) -1.38
Comp Z-Stat (6mo) -0.74
Comp Z-Stat (3Yr) -0.57
Distribution Data
Market Yield 10.19%
Income Yield 10.19%
Lev Adj NAV Yield 5.90%
Distribution Frequency M
Current Distribution $0.077
Current Income $0.077
Ex-Date 3/23/23
Payable Date 3/31/23
Div Growth (3yr) 0.00%
Dividend Change % on
Expected Div 4/3/23
RoC (1yr) 5.95%
RoC (3yr) 40.53%
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) $2,002
Avg Volume 30 day 274,010
Avg Volume 90 day 220,760
Volume Trend 24.12%
Comp Volume Trend 27.30%
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 Multisector Bond Fund Index
Most Correlated Peer (Mk Pr): FT 64.0%
NAV - Price Correlation (30 d) 72.4%
NAV - Price Correlation (90 d) 94.7%
NAV - Price Correlation (1 Yr) 87.4%
Price St Dev (1Yr) 20.1%
NAV St Dev (1Yr) 7.6%
Earnings / Share (12/31/22) $0.078
Earn Coverage 101.69%
Earnings Trend Up
UNII / Share (12/31/22) $0.885
Rel UNII 95.73
UNII Trend Up
Bond Specific Data
Maturity 5.09
Credit Rating (rbo) B
Investment Grade 0.67%
Non Investment Grade 27.83%
Unrated Bonds 71.50%
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 Multisector Bond Fund 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.

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