CEF Advisors AICA Event NAVigator Podcast

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

Go to AICA CEF/BDC Screener Learn More @ www.AICalliance.org

Highland Global Allocation Fund (HGLB)

Non U.S. Equity Funds - Global Equity

Data as of May 26, 2022
Current
Market Price $10.42 (+ $0.15)
NAV (May 26, 2022) $13.10 (+ $0.12)
Fund Listed NYSE
Premium / Discount -20.46% (+0.42%)
Fund Info
Inception Feb. 15, 2019
Sponsor Highland Capital Management
Website https://www.highlandfu...
Phone
NAV Symbol XHGLX
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
Discount CEF/BDC Index
All Sector Equity CEF Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 22,069,065
Total Assets (Reported: Sept. 30, 2021) $332M
Estimated Total Assets $328M
Net Assets $289M
Market Cap $230M
Portfolio Turnover 17.00%
Total Leverage 11.96%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 100.00%
Expense Ratio 1.01%
Non Lev Exp Ratio 0.85%
Rel Lev Cost 1.04%
Discount Data
Average Discount (3 Yr) -26.91%
Discount Low(3 Yr) -51.00%
Discount High(3 Yr) -15.52%
Discount Rel Range 86.09%
Comp Discount -10.89
Discount St Dev (1Yr) 2.11
Z-Stat
Z-Stat (6mo) 0.02
Z-Stat (1Yr) -0.11
Z-Stat (3Yr) 0.77
Comp Z-Stat (6mo) 0.97
Comp Z-Stat (3Yr) 0.80
Distribution Data
Market Yield 9.33%
Income Yield 9.33%
Lev Adj NAV Yield 6.63%
Distribution Frequency M
Current Distribution $0.081
Current Income $0.081
Ex-Date 6/22/22
Payable Date 6/30/22
Div Growth (3yr) -23.58%
Dividend Change 14.1% on 1/3/22
Expected Div 6/1/22
RoC (1yr) 21.55%
RoC (3yr) 45.92%
Tax Dividend Data 2021 2019 - 2021
Income 31.6% 38.6%
ST Gains 0% 0%
QDI 0% 16.4%
LT Gains 0% 0%
RoC 68.4% 61.4%
Volume & Liquidity
Average Daily $ (K) $1,068
Avg Volume 30 day 104,395
Avg Volume 90 day 102,463
Volume Trend 1.89%
Comp Volume Trend -8.32%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
2.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
30.0%
Price Correlation (1yr)
vs. CEFA's International Equity Index
30.0%
Most Correlated Peer (Mk Pr): BGY 34.0%
NAV - Price Correlation (30 d) 69.4%
NAV - Price Correlation (90 d) 81.6%
NAV - Price Correlation (1 Yr) 81.0%
Price St Dev (1Yr) 18.5%
NAV St Dev (1Yr) 8.8%
Earnings
Earnings / Share (9/30/21) $0.023
Earn Coverage 28.77%
Earnings Trend Up
UNII / Share (9/30/21) $0.143
Rel UNII 14.68
UNII Trend Up
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.27
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.72
NAV Beta (2yr)
vs. CEFA's International Equity Index
0.31

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.