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Mutual Fund Insights: Highland Floating Rate B Fund (XLSBX)

In-depth Analysis of Highland Floating Rate B Fund (XLSBX)

Mutual fund chart: Highland Floating Rate B Fund (XLSBX)

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See Highland Floating Rate B Fund (XLSBX) performance details as of January 31, 2010

  

    Last Trade: $6.41 on 3/12/2010, Change: 0.00 (0%)

  

Fund ManagerFund Manager - Brad Means

Fund Manager Tenure: 1.2 years
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)
Means is a Senior Portfolio Manager at Highland Capital Management, L.P. Prior to joining Highland, he was a Managing Director in FTI Consultings Corporate Finance group. From 1998 to 2001, Means was a Director in the PricewaterhouseCoopers Chairmans Office. Prior to this, he worked in the Strategic Change Consulting and the Assurance & Business Advisory groups of Price Waterhouse serving clients. Means holds the Chartered Financial Analyst designation.  Get more insights on Brad Means

  

What we like about Highland Floating Rate B Fund (XLSBX) What we like about Highland Floating Rate B Fund (XLSBX)

Data for Highland Floating Rate B Fund (XLSBX) as of January 31, 2010

  • Highland Floating Rate B Fund (XLSBX) ratio of up-years vs down years is greater than 2
  • Highland Floating Rate B Fund (XLSBX) has an annual stock turnover rate of 27.00% vs Bank Loan average of 41.17%. It is good that Highland Floating Rate B management does not trade extensively for its return.
  • Highland Floating Rate B Fund (XLSBX) is less volatile than its peers as it has a 3-year Standard Deviation of 12.23, lower than category average of 14.03

  

What we are cautious about Highland Floating Rate B Fund (XLSBX) What we are cautious about Highland Floating Rate B Fund (XLSBX)

Data for Highland Floating Rate B Fund (XLSBX) as of January 31, 2010

  • Highland Floating Rate B Fund (XLSBX) management has been with Highland Floating Rate B Fund for only 1.2 years, it is hard to judge manager's ability based on this fund's operation record
  • Highland Floating Rate B Fund (XLSBX) has a less-than-ideal short-term performance (1-year return 18.52% vs 35.55% Bank Loan category average)
  • Highland Floating Rate B Fund (XLSBX) has a less-than-ideal mid-term performance (3-year return -8.02% vs -0.58% Bank Loan category average)
  • Highland Floating Rate B Fund (XLSBX) has a less-than-ideal Long-term performance (5-year return -2.02% vs 1.82% Bank Loan category average)
  • Highland Floating Rate B Fund (XLSBX) has a Morningstar rating of 3 and below
  • Highland Floating Rate B Fund (XLSBX) does not have a good risk adjusted return as its 3-year Alpha of -9.94 is worse than category average of -2.19, and its 3-year Sharpe ratio is -0.78
  • Highland Floating Rate B Fund (XLSBX) has a higher management fee of 1.98% than its Bank Loan average of 1.36%
  • Highland Floating Rate B Fund (XLSBX) carries a 3.25% load
See Highland Floating Rate B Fund (XLSBX) performance details as of January 31, 2010

  

  

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Highland Floating Rate B Fund (XLSBX) Net Asset

Track net asset change of Highland Floating Rate B fund (XLSBX)

DateNet Asset
01/2010$15.13M
11/2009$17.17M
10/2009$17.02M
More historic net asset information on Highland Floating Rate B Fund (XLSBX)

  

Highland Floating Rate B Fund (XLSBX) Portfolio Allocation

Track portfolio allocation change of Highland Floating Rate B fund (XLSBX)

DateCashStockBondOther
11/20097.83%0%85.09%7.09%
08/20098.6%0%89.68%1.72%
02/200912.2%0.01%81.95%5.84%
Click here to see more historic asset allocation information on Highland Floating Rate B Fund (XLSBX)

  

Most Recent Top 10 Holdings in Highland Floating Rate B Fund (XLSBX)

Discover what Highland Floating Rate B Fund (XLSBX) manager is buying

30-Nov-09
Millennium Digital Media Systems, Llc 1296 [7.14%]
Ccs Medical, Inc. (Chronic Care) 1220 [3.1%]
Young Broadcasting, Inc. 1367 [2.74%]
Lifecare Holdings (Rainier Acquisition Corp) 1268 [2.66%]
Sacher Funding Ltd. 1343 [2.24%]
Pbl Media Finance Pty Ltd 1325 [1.84%]
1276 [1.77%]
Ration 1327 [1.54%]
Univision Communications Inc. 1180 [1.52%]
Seven Media Group 1342 [1.49%]

31-Aug-09
Millennium Digital Media Systems, Llc 1296 [7.32%]
Talecris Biotherapeutics Holdings Corp. 1346 [2.67%]
Ccs Medical, Inc. (Chronic Care) 1220 [2.54%]
Lifecare Holdings (Rainier Acquisition Corp) 1268 [2.25%]
Sacher Funding Ltd. 1343 [2.05%]
Univision Communications Inc. 1180 [1.84%]
Young Broadcasting, Inc. 1367 [1.82%]
1276 [1.72%]
Westgate Investments, Llc 1362 [1.68%]
Pbl Media Finance Pty Ltd 1325 [1.29%]

28-Feb-09
Millennium Digital Media Systems, Llc [6.51%]
Talecris Biotherapeutics Holdings Corp. [4.22%]
HCA INC [3.87%]
Ccs Medical, Inc (Chronic Care) [3.09%]
Westgate Investments, Llc [2.93%]
No Name Provided [2.91%]
Sacher Funding Ltd. [2.37%]
Lake At Las Vegas Joint Venture [2.16%]
Lifecare Holdings (Rainier Acquisition C [1.83%]
Metropcs Wireless, Inc. [1.79%]
Click here for Stock Holding Change Map in Highland Floating Rate B Fund (XLSBX)

  

Related books and products to Highland Floating Rate B Fund (XLSBX)

  

Latest News on Highland Floating Rate B (XLSBX)

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