Highland Dividend Equity Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 0.01 0.29 -0.28
Stocks 84.72 0.0 84.72
Bonds 0.0 0.0 0.0
Other 0.0 0.0 0.0
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 15.57 0.0 15.57
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 09.30.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 09.30.2013

Ticker YTD Return % % Net Assets
Novartis AG ADR NVS 4.51 3.98
Royal Dutch Shell PLC ADR Class B RDS.B 3.47 3.93
McDonald's Corporation MCD -1.96 3.84
Chevron Corp CVX -7.26 3.83
General Electric Co GE -9.6 3.81
Johnson & Johnson JNJ 0.69 3.81
JPMorgan Chase & Co JPM -3.23 3.8
Kellogg Company K -0.65 3.78
ITC Holdings Corp ITC 6.98 2.77
National Fuel Gas Company NFG 2.97 2.69