Highland Global Allocation Fund (HGLB)

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Highland Global Allocation Fund (HGLB) is down 10.3% since the beginning of the year. HGLB is currently trading at $8 per share. Investors who bought $1,000 worth of HGLB shares 5 years ago would now be looking at an investment worth $1,492.

Highland Global Allocation Fund (HGLB) has returned -10.31% so far this year and -1.98% over the past 12 months.

Based on dividend-adjusted daily data since Feb 19, 2019, HGLB's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.

Historically, 56% of months were positive and 44% were negative. The best month was May 2020 with a return of +29.7%, while the worst month was Mar 2020 at -45.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, HGLB closed higher 50% of trading days. The best single day was Mar 20, 2020 with a return of +15.3%, while the worst single day was Mar 18, 2020 at -22.8%.

Highland Global Allocation Fund has an annualized alpha of -13.60%, beta of 0.70, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since February 20, 2019.

• This fund participated in 191.37% of S&P 500 Index downside but only 55.65% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.70 may look defensive, but with R2 of 0.16 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.16 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HGLB has an expense ratio of 0.02%, which is considered low.

HGLB ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Highland Global Allocation Fund (HGLB) and compare them to S&P 500 Index.

Highland Global Allocation Fund provided a 13.36% dividend yield over the last twelve months, with an annual payout of $1.04 per share.

The table displays the monthly dividend distributions for Highland Global Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Highland Global Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Highland Global Allocation Fund was 70.40%, occurring on Mar 24, 2020. Recovery took 520 trading sessions.

The current Highland Global Allocation Fund drawdown is 20.20%.

The chart below shows the rolling one-month volatility.