Highland Dividend Equity Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 2.62 2.62
Stocks 82.17 82.17
Bonds 0.0 0.0
Other 0.0 0.0
Foreign Bonds 0.0 0.0
Foreign Stocks 15.22 15.22
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 03.31.2014

Portfolio as of 12.31.2013

Ticker YTD Return % % Net Assets
Royal Dutch Shell PLC ADR Class B RDS.B 5.15 3.92
JPMorgan Chase & Co JPM 4.39 3.86
Chevron Corp CVX -3.93 3.81
Microchip Technology, Inc. MCHP 7.72 3.81
General Electric Co GE -6.92 3.79
Novartis AG ADR NVS 8.52 3.77
Packaging Corporation of America PKG 13.23 3.72
United Parcel Service Inc (UPS) Class B UPS -6.73 3.7
Paychex, Inc. PAYX -5.89 3.68
McDonald's Corporation MCD 1.73 3.66