HGLB

Highland Global Allocation Fund
HGLB

$7.70

1.91%

Market Cap: $176M

About: Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek long-term growth of capital and future income. The Fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt, and money market securities. It may also invest in senior loans to domestic or foreign corporations, partnerships, and other entities that operate in a variety of industries and geographic regions.

0

Funds holding %

of 6,686 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding

Funds holding: 38 [Q1] → 38 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

0.96% less ownership

Funds ownership: 29.32% [Q1] → 28.36% (-0.96%) [Q2]

4% less capital invested

Capital invested by funds: $50.6M [Q1] → $48.8M (-$1.84M) [Q2]

29% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 17

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Research analyst outlook

We haven’t received any recent analyst ratings for HGLB.

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Financial journalist opinion

HGLB: Tempting 12.5% Yield, Trading At A Substantial Discount To NAV

Highland Global Allocation Fund offers a monthly dividend with an annual yield of 12.5% at a current market price of $7.80. Managed by James Dondero, HGLB seeks above-average risk-adjusted total returns by investing in U.S. and foreign equities, fixed-income securities, and alternative investments. HGLB trades at a substantial discount to NAV, has a concentrated portfolio, and relies heavily on a single private company, posing potential risks for investors.

HGLB: Tempting 12.5% Yield, Trading At A Substantial Discount To NAV

Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share

DALLAS , July 1, 2024 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2023 calendar year.

Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share

Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share

DALLAS, April 1, 2024 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2023 calendar year.

Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share

Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share

DALLAS , Jan. 2, 2024 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2023 calendar year.

Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share

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