Highland Floating Rate Opportunities Fund

U.S. News evaluated 48 Bank Loan Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 13.99 percent over the past year, 10.42 percent over the past three years, 13.97 percent over the past five years, and 2.92 percent over the past decade.

Trailing Returns Updated 03.31.2014
Year to date 0.6%
1 Year 14.0%
3 Years (Annualized) 10.4%
5 Years (Annualized) 14.0%
10 Years (Annualized) 2.9%

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Summary

The investment seeks to provide a high level of current income, consistent with preservation of capital. The fund seeks to achieve its objective by investing directly and indirectly (e.g., through derivatives that are the economic equivalent of floating rate loans and other floating rate investments) at least 80% of its net assets (plus any borrowings for investment purposes) in floating rate loans and other securities deemed to be floating rate investments. It may invest up to 20% of its total assets in equity or debt securities other than floating rate investments. The fund is non-diversified.

Fees

Fees are Low compared to funds in the same category.
Highland Floating Rate Opportunities Fund has an expense ratio of 1.04 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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