Alternative investment assets have historically been held by institutional or accredited investors. Highland brings institutional quality strategies and investment managers to the investor in a mutual fund structure. Alternative investments may include long/short, credit oriented products, private equity, technically driven strategies, managed futures, real estate and other hard assets. Click on the links below to learn more about Highland’s Alternative funds.
Equity mutual funds are principally categorized according to a specific investment objective. Often times equity mutual funds objectives are described by size (small, medium or large cap). The size references the typical capitalization of each underlying investment. Additionally, equity mutual funds can be categorized by style. The style is described as growth, value or geography. Highland offers equity funds of all styles including growth, value, small cap, large cap, international and domestic. Click on the links below to learn more about Highland’s Equity funds.
EXCHANGE‐TRADED FUNDS (ETFs)
Exchange-traded funds (ETFs) are securities that track an index, a commodity or a basket of assets like an index fund. An ETF trades like a stock on an exchange so its net asset value (NAV) is not calculated every day like a mutual fund. ETFs experience price changes throughout the day as they are bought and sold. Highland’s exchange‐traded fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Markit iBoxx Liquid Leveraged Loan Index (the “Underlying Index”). Click on the link below to learn more about Highland’s Exchange-Traded fund.
A closed-end fund is organized as a publicly traded investment company by the Securities and Exchange Commission (SEC). Like a mutual fund, a closed-end fund is a pooled investment fund with a manager overseeing the portfolio; it raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange. Click on the link below to learn more about Highland’s closed-end fund.