Highland Floating Rate Opportunities Fund Z (HFRZX) was recognized as the leading fund on InvestmentNews’ Best Performing Fixed Income Funds list in the Loan Participation category. InvestmentNews assesses performance by 1-, 3- and 5-year returns.
Highland Floating Rate Opportunities Fund posted returns of 13.10% (1-year), 2.36% (3-year) and 6.62% (5-year) to earn its place at the top of the list. The classification averages for those time periods were 7.45%, 2.90% and 3.86% respectively.
InvestmentNews’ Best Performing Fixed Income Funds recognizes the Top 10 and Bottom 5 performing funds in six categories.
Before investing in the Fund, you should carefully consider the Fund’s investment objectives, risks, charges and expenses. For a copy of a prospectus or summary prospectus which contains this and other information, please visit our website at highlandfunds.com or call 1-877-665-1287. Please read the fund prospectus carefully before investing.
Fees and expenses: The total annual operating expenses of the Fund are Class A 1.73%, Class C 2.23%, Class Z 1.38%. Class A Max Sales Charge: 3.50%. Class C Contingent Deferred Sales Charge (“CDSC”) is 1% within the first year from each purchase. Class C performance results shown exclude CDSC. Performance results reflect any contractual waivers and/or reimbursements of fund expenses by the Advisor. Absent this limitation, performance results would have been lower.
Class A: YTD 1.75%, 1 YR: 16.41%, 3 YR: 1.55%, 5 YR: 6.47%, 10 YR: 0.56%, Since Incep.: 3.72%
Class A (w/load): YTD: -1.75%, 1 YR: 12.34%, 3 YR: 0.37%, 5 YR: 5.71%, 10 YR: 0.21%, Since Incep.: 3.50%
Class C: YTD: 1.77%, 1 YR: 15.84%, 3 YR: 1.05%, 5 YR: 5.98%, 10 YR: 0.06%, Since Incep.: 3.20%
Class Z: YTD: 1.84%, 1 YR: 16.65%, 3 YR: 1.90%, 5 YR: 6.85%, 10 YR: 0.90%, Since Incep.: 4.07%
The performance data quoted here represents past performance and is no guarantee of future results.
Investment returns and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For performance data current to the most recent month-end, please visit our website at www.highlandfunds.com.
Data as of March 31, 2017. Only investment programs with $100 AUM minimum. Excludes funds that are leveraged or inverse. Only funds open to new investors were permitted for the top-10 grouping. Ranking figures are not rounded. 3 year and 5 year returns are annualized. If multiple share classes exist, the initial share class is listed. N/A = not available (fund has been in operation for less than the year indicated). *Net prospectus.
Prepared by Highland Capital Funds Distributor, Inc. Member FINRA