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Highland Global Allocation Fund (HGLB)

Non U.S. Equity Funds - Global Equity

Data as of May 26, 2022
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...
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 (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)
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): 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 / 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
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.

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