HGLB

Highland Global Allocation Fund

HGLB

Market cap $206M

Overview Fund Activity

8.90 USD

-0.06

0.67%

At close Updated Sep 18, 2:23 PM EDT

1 day

-0.67%

5 days

-0.67%

1 month

5.58%

3 months

-1.55%

6 months

8.8%

Year to date

26.06%

1 year

13.52%

5 years

35.26%

10 years

-33.73%

About: Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek 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 may also invest in senior loans to domestic or foreign corporations, partnerships, and other entities that operate in a variety of industries and geographic regions.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

43% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 7

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

1% less capital invested

Capital invested by funds: $51.6M [Q1] → $51.1M (-$494K) [Q2]

1.53% less ownership

Funds ownership: 27.09% [Q1] → 25.55% (-1.53%) [Q2]

14% less funds holding

Funds holding: 35 [Q1] → 30 (-5) [Q2]

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

See Fund Rankings

Financial journalist opinion

Highland Global Allocation Fund Declares Monthly Distributions of $0.088 Per Share

DALLAS , July 1, 2025 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.088 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2024 calendar year.

Highland Global Allocation Fund Declares Monthly Distributions of $0.088 Per Share

HGLB: Solid CEF With Blended Portfolio Strategy

Highland Global Allocation Fund offers a high-yield and global diversification, but its distribution history is inconsistent and partially reliant on return of capital. The fund trades at a persistent discount to NAV, reflecting structural or performance concerns compared to higher-quality closed-end funds. HGLB's heavy exposure to interest rate-sensitive sectors and reliance on net realized gains make it vulnerable in the current high-rate environment.

HGLB: Solid CEF With Blended Portfolio Strategy

Highland Global Allocation Fund Declares Monthly Distributions of $0.088 Per Share

DALLAS , April 1, 2025 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.088 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2024 calendar year.

Highland Global Allocation Fund Declares Monthly Distributions of $0.088 Per Share

HGLB: 12%-Plus Yield, 33% Discount

The Highland Global Allocation Fund is a closed-end fund investing in U.S. and international equities, fixed income, and select alternative investments for long-term growth. HGLB offers a 12.69% yield with monthly dividends but has a low 5-year dividend growth rate due to past reductions. The fund's heavy concentration in MidWave Wireless (34%) and significant exposure to real estate and energy sectors pose diversification and economic risks.

HGLB: 12%-Plus Yield, 33% Discount

Very Bad News For Closed-End Funds

Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.

Very Bad News For Closed-End Funds

Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025

The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have seen significantly narrowed discounts along with taxable fixed-income, though municipal bond funds look relatively attractive after widening discounts in December. We are screening for funds with the deepest discounts and widest z-scores to find potential buys and funds that may be getting a bit pricey as sell candidates.

Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025

Highland Global Allocation Fund Declares Monthly Distributions of $0.088 Per Share

DALLAS , Jan. 2, 2025 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.088 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2024 calendar year.

Highland Global Allocation Fund Declares Monthly Distributions of $0.088 Per Share

Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share

DALLAS , Oct. 1, 2024 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2023 calendar year.

Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share

HGLB: Tempting 12.5% Yield, Trading At A Substantial Discount To NAV

Highland Global Allocation Fund offers a monthly dividend with an annual yield of 12.5% at a current market price of $7.80. Managed by James Dondero, HGLB seeks above-average risk-adjusted total returns by investing in U.S. and foreign equities, fixed-income securities, and alternative investments. HGLB trades at a substantial discount to NAV, has a concentrated portfolio, and relies heavily on a single private company, posing potential risks for investors.

HGLB: Tempting 12.5% Yield, Trading At A Substantial Discount To NAV

Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share

DALLAS , July 1, 2024 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2023 calendar year.

Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share

See News Rankings

Charts implemented using Lightweight Charts™