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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.68% -22.36% 998.49M 298141.6
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
8.40% 22.00% -- Upgrade

Basic Info

Investment Strategy
The investment objective of Highland Floating Rate Opportunities Fund is to provide a high level of current income, consistent with preservation of capital.
General
Security Type Closed-End Fund
Equity Style Small Cap/Blend
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Bank Loan
Category Index S&P/LSTA Leveraged Loan TR
Prospectus Objective Income
Fund Owner Firm Name Highland Capital Management Fund Advisors, L.P.
Prospectus Benchmark Index
Credit Suisse Leveraged Loan USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Jon Poglitsch 4.16 yrs
Mark Okada 4.16 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: --
-1.088B Category Low
6.757B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of January 31, 2018

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of January 26, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
--
--
--
-12.31%
4.20%
-8.38%
16.35%
-0.12%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-1.54%
-2.45%
-1.95%
23.08%
-0.18%
-4.02%
14.05%
2.21%
18.51%
-0.02%
-4.18%
21.91%
-0.28%
-4.35%
21.76%
-2.80%
13.31%
-2.00%
-19.63%
34.98%
13.16%
12.87%
-0.91%
-14.83%
59.92%
3.24%
-11.21%
25.97%
10.84%
-5.24%
17.08%
-4.61%
15.40%
-1.48%
As of January 26, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-27-22) 8.40%
30-Day SEC Yield (1-25-19) Upgrade
7-Day SEC Yield (1-29-19) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio --
Weighted Average Price to Sales Ratio --
Weighted Average Price to Book Ratio --
Weighted Median ROE --
Weighted Median ROA --
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
Bond
Current Yield 6.04%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price --
As of September 30, 2021

Fund Details

Key Dates
Inception Date 1/13/2000
Last Annual Report Date 12/31/2020
Last Prospectus Date 7/1/2019
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

Asset Allocation

As of September 30, 2021.
Type % Net % Long % Short
Cash 15.96% Upgrade Upgrade
Stock 9.76% Upgrade Upgrade
Bond 40.28% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 27.05% Upgrade Upgrade
Other 6.95% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Creek Pine Holdings, Llc
35.87% -- --
Nfront Inc
34.71% -- --
Metro Goldwyn Mayer Inc
9.06% -- --
Dreyfus Treasury Obligations Csh Mgt Ins 8.55% 1.00 0.00%
Eds Legacy Partners
7.02% -- --
Creative Science Pptys 144A
5.36% -- --
Ccs Medical Inc.
4.83% -- --
Grayson CLO Ltd / Grayson CLO Corp 0%
3.62% -- --
Nexls Llc
3.24% -- --
NexPoint Real Estate Finance Inc Ordinary Shares 3.14% 19.78 -2.94%

Basic Info

Investment Strategy
The investment objective of Highland Floating Rate Opportunities Fund is to provide a high level of current income, consistent with preservation of capital.
General
Security Type Closed-End Fund
Equity Style Small Cap/Blend
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Bank Loan
Category Index S&P/LSTA Leveraged Loan TR
Prospectus Objective Income
Fund Owner Firm Name Highland Capital Management Fund Advisors, L.P.
Prospectus Benchmark Index
Credit Suisse Leveraged Loan USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Jon Poglitsch 4.16 yrs
Mark Okada 4.16 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-27-22) 8.40%
30-Day SEC Yield (1-25-19) Upgrade
7-Day SEC Yield (1-29-19) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio --
Weighted Average Price to Sales Ratio --
Weighted Average Price to Book Ratio --
Weighted Median ROE --
Weighted Median ROA --
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
Bond
Current Yield 6.04%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price --
As of September 30, 2021

Fund Details

Key Dates
Inception Date 1/13/2000
Last Annual Report Date 12/31/2020
Last Prospectus Date 7/1/2019
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

Top Portfolio Holders

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