Highland Capital Management Announces Expansion of ETF Platform

DALLAS–(BUSINESS WIRE)–Dallas-based investment management firm Highland Capital Management Fund Advisors, L.P. (together with its affiliates “Highland”), is pleased to announce the expansion of its suite of Exchange Traded Funds (“ETFs”) with the initial registration of 17 new ETFs. These new products will invest across various alternative asset classes and will focus on providing efficient access to sophisticated strategies at an attractive price.

“We’re pleased to be announcing the registration of these new funds and to expand our ETF offerings,” said Ethan Powell, Highland’s Chief Product Strategist. “This important step in launching our new suite of ETFs shows Highland’s dedication and commitment to the ETF space and our consistent drive to provide compelling and differentiated strategies to the investing public.”

Highland’s existing ETF platform consists of the Highland/iBoxx Senior Loan ETF (SNLN). Highland/iBoxx Senior Loan ETF aims to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Markit iBoxx USD Liquid Leveraged Loan Index.

In 2014, Highland made several key hires in the retail channel, further built out its product offering in the space and received award recognition for the performance of several actively managed strategies.

“ETFs provide a unique vehicle intended to allow for quick and efficient exposure to global capital markets. This filing represents another exciting evolution of Highland’s approach to offer differentiated strategies at a competitive price,” said Dr. Bob Froehlich, independent board member of Highland Funds and former Vice Chairman of Deutsche Asset Management. “We truly believe the ETF industry is poised for strong, long-term growth and we’re excited to see where the expanded product lineup will take us.”

About Highland Capital Management Fund Advisors

Highland Capital Management Fund Advisors is a SEC-registered investment adviser which, together with its affiliates, has approximately $20 billion of assets under management. Founded in 1993 by Jim Dondero and Mark Okada, Highland is one of the largest and most experienced global alternative asset managers. Highland specializes in a wide range of investments, including emerging markets, long/short equities, real estate and natural resources as well as credit hedge funds, long only funds and separate accounts, distressed and special situations private equity, and collateralized loan obligations (CLOs). Highland’s diversified client base includes public pension plans, foundations, endowments, corporations, financial institutions, fund of funds, governments, and high net-worth individuals. Highland is headquartered in Dallas, Texas and maintains offices in New York, Sao Paolo, Singapore, and Seoul.

Subject to Completion

The information in this statement is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This statement is not an offer to sell securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.