Highland Floating Rate Opportunities Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 4.35 0.0 4.35
Stocks 9.03 1.73 7.3
Bonds 3.28 0.0 3.28
Other 4.68 0.0 4.68
Foreign Bonds 80.39 0.0 80.39
Foreign Stocks 0.0 0.0 0.0
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 03.31.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 03.31.2014

Ticker YTD Return % % Net Assets
Media General Inc Class A MEG -6.59 5.24
Metro Goldwyn Mayer --- --- 2.88
Txu Us Hldgs Co Extended Term Loans --- --- 2.23
Ccs Med Hldgs Inc First Lien --- --- 2.23
Dell Intl Llc Term Loan B --- --- 2.02
Supervalu Inc New Term Loan --- --- 1.79
Highland/iBoxx Senior Loan ETF --- --- 1.73
J C Penney Corp Inc Term Loan --- --- 1.7
Weight Watchers Intl Inc Term Loan B 2 --- --- 1.62
Clear Channel Communications Term Loan D --- --- 1.6