4 / 5 Stars
5 5 1 4 1
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
U.S. News evaluated 120 World Allocation Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 32.53 percent over the past year, 15.96 percent over the past three years, 17.17 percent over the past five years, and 8.41 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||13.1%|
|3 Years (Annualized)||16.0%|
|5 Years (Annualized)||17.2%|
|10 Years (Annualized)||8.4%|
The investment seeks 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 intends to invest at least 50% of its net assets in equity securities and at least 40% of its net assets in securities of non-U.S. issuers. The fund will primarily invest in equity securities of large capitalization companies (meaning a market capitalization of $2 billion or more) that are located in developed markets.
Fees are Low compared to funds in the same category.
Highland Global Allocation Fund has an expense ratio of 0.87 percent.
Risk is High compared to funds in the same category according to Morningstar.