Highland Capital Management Announces Global Allocation Fund Earns Five-Star Morningstar Rating

By December 8, 2014March 16th, 2016Press Releases

DALLAS–(BUSINESS WIRE)–Dallas-based investment management firm Highland Capital Management Fund Advisors, L.P. (together with its affiliates “Highland”), is pleased to announce that the Highland Global Allocation Fund, Class Y (HCOYX), managed by James Dondero, Co-Founder and President of Highland, has earned a Five-Star Morningstar Rating™ for the overall period ending November 30, 2014 among 422 World Allocation Funds. Morningstar also ranked the Fund Class Y number one based on Total Return for the one-year period among 541 funds in the category as of November 30, 2014.

Additionally, the Highland Global Allocation Fund moved its capital gains and income distributions to December 1st, 2014 in an effort to give advisors and their investors ample time to perform year-end tax adjustments to their portfolios. Purchases are now no longer subject to the capital gains and income distribution.

“We’re pleased to be recognized by Morningstar for our superior risk adjusted returns and are excited to proactively assist advisors in their end-of-year tax management through our early distribution,” said Ethan Powell, Highland’s Chief Product Strategist. “This adjustment, along with our recent 65 basis point expense cap demonstrates Highland’s commitment to understanding and addressing our investors’ needs.”

Highland’s Global Allocation Fund (HCOYX) is a best-in-class strategy that invests across multiple asset classes and geographies with the goal of generating alpha in any economic environment.

About Highland Capital Management Fund Advisors

Highland Capital Management Fund Advisors is a SEC-registered investment adviser which, together with its affiliates, has approximately $19.5 billion of assets under management. Founded in 1993 by Jim Dondero and Mark Okada, Highland is one of the largest and most experienced global alternative credit managers. Highland specializes in credit strategies, such as credit hedge funds, long only funds and separate accounts, distressed and special situation private equity, and collateralized loan obligations (CLOs). Highland also offers alternative investments, including emerging markets, long/short equities, and natural resources. Highland’s diversified client base includes public pension plans, foundations, endowments, corporations, financial institutions, fund of funds, governments, and high net-worth individuals. Highland is headquartered in Dallas, Texas and maintains offices in New York, Sao Paolo, Singapore, and Seoul.

Before investing in the Fund, you should carefully consider the Fund’s investment objectives, risks, charges and expenses. For a copy of a prospectus or summary prospectus which contains this and other information, please visit our website at highlandfunds.com or call 1-877-665-1287. Please read the fund prospectus carefully before investing.

The performance data quoted here represents past performance and is no guarantee of future results. Performance for other share classes may be higher or lower due to differences in fee.

Note: Effective April 9, 2013, Highland Core America Equity Fund was renamed Highland Global Allocation Fund. At the same time, Highland Capital Management Fund Advisors, L.P. became the sole Adviser to the Fund and the Fund no longer utilizes a sub-adviser. In addition to these changes, the Fund’s investment strategies were revised and the Fund will no longer invest at least 80% of its assets in domestic equity securities. Comparison of fund returns to the Morningstar World Allocation Category may not be meaningful prior to the investment strategy change on April 9, 2013. For more information, please view the Fund’s prospectus at highlandfunds.com or call 877.665.1287.