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Mutual Fund Insights: Highland Floating Rate Advantage A Fund (XSFRX)

In-depth Analysis of Highland Floating Rate Advantage A Fund (XSFRX)

Mutual fund chart: Highland Floating Rate Advantage A Fund (XSFRX)

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See Highland Floating Rate Advantage A Fund (XSFRX) performance details as of January 31, 2010

  

    Last Trade: $6.66 on 3/19/2010, Change: -0.01 (-0.15%)

  

Fund ManagerFund Manager - Brad Means

Fund Manager Tenure: 1.2 years   [Similar Funds: XSFBX ]
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 Advantage A Fund (XSFRX) What we like about Highland Floating Rate Advantage A Fund (XSFRX)

Data for Highland Floating Rate Advantage A Fund (XSFRX) as of January 31, 2010

  • Highland Floating Rate Advantage A Fund (XSFRX) is a new fund and has been performing well against its peers for both one-month and three_month performance
  • Highland Floating Rate Advantage A Fund (XSFRX) has an annual stock turnover rate of 21.00% vs Bank Loan average of 41.17%. It is good that Highland Floating Rate Advantage A management does not trade extensively for its return.

  

What we are cautious about Highland Floating Rate Advantage A Fund (XSFRX) What we are cautious about Highland Floating Rate Advantage A Fund (XSFRX)

Data for Highland Floating Rate Advantage A Fund (XSFRX) as of January 31, 2010

  • Highland Floating Rate Advantage A Fund (XSFRX) management has been with Highland Floating Rate Advantage A Fund for only 1.2 years, it is hard to judge manager's ability based on this fund's operation record
  • Highland Floating Rate Advantage A Fund (XSFRX) has a less-than-ideal short-term performance (1-year return 23.62% vs 35.55% Bank Loan category average)
  • Highland Floating Rate Advantage A Fund (XSFRX) has a less-than-ideal mid-term performance (3-year return -11.78% vs -0.58% Bank Loan category average)
  • Highland Floating Rate Advantage A Fund (XSFRX) has a less-than-ideal Long-term performance (5-year return -3.78% vs 1.82% Bank Loan category average)
  • Highland Floating Rate Advantage A Fund (XSFRX) ratio of up-years vs down years can be improved
  • Highland Floating Rate Advantage A Fund (XSFRX) has a Morningstar rating of 3 and below
  • Highland Floating Rate Advantage A Fund (XSFRX) does not have a good risk adjusted return as its 3-year Alpha of -13.71 is worse than category average of -2.19, and its 3-year Sharpe ratio is -0.8
  • Highland Floating Rate Advantage A Fund (XSFRX) is more volatile than its peers as it has a 3-year Standard Deviation of 16.32 that is higher than category average of 14.03
  • Highland Floating Rate Advantage A Fund (XSFRX) has a higher management fee of 1.85% than its Bank Loan average of 1.36%
  • Highland Floating Rate Advantage A Fund (XSFRX) carries a 3.5% load
See Highland Floating Rate Advantage A Fund (XSFRX) performance details as of January 31, 2010

  

  

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Highland Floating Rate Advantage A Fund (XSFRX) Net Asset

Track net asset change of Highland Floating Rate Advantage A fund (XSFRX)

DateNet Asset
01/2010$223.35M
11/2009$211.67M
10/2009$234.69M
More historic net asset information on Highland Floating Rate Advantage A Fund (XSFRX)

  

Highland Floating Rate Advantage A Fund (XSFRX) Portfolio Allocation

Track portfolio allocation change of Highland Floating Rate Advantage A fund (XSFRX)

DateCashStockBondOther
11/20096.49%0.01%87.32%6.18%
08/20096.29%0.01%89.73%3.98%
05/20094.32%0.18%94.81%0.68%
Click here to see more historic asset allocation information on Highland Floating Rate Advantage A Fund (XSFRX)

  

Most Recent Top 10 Holdings in Highland Floating Rate Advantage A Fund (XSFRX)

Discover what Highland Floating Rate Advantage A Fund (XSFRX) manager is buying

30-Nov-09
Millennium Digital Media Systems, Llc 1082 [4.66%]
Sacher Funding Ltd. 1132 [2.85%]
Charter Communications Operating, Llc 1002 [2.5%]
Young Broadcasting, Inc. 1163 [2.47%]
Ccs Medical, Inc. (Chronic Care) 998 [2.42%]
Fontainebleu Florida Hotel, Llc 1010 [2.4%]
Seven Media Group 1131 [1.9%]
1062 [1.69%]
Infor Enterprise Solutions Holdings, Inc. (Fka Mag [1.64%]
Dings Company, Llc (Txu) 1146 [1.49%]

31-Aug-09
Millennium Digital Media Systems, Llc 1082 [4.74%]
Fontainebleu Florida Hotel, Llc 1010 [3.97%]
Sacher Funding Ltd. 1132 [2.58%]
Ccs Medical, Inc. (Chronic Care) 998 [1.97%]
Talecris Biotherapeutics Holdings Corp. 1135 [1.84%]
Infor Enterprise Solutions Holdings, Inc. (Fka Mag [1.68%]
Univision Communications Inc. 949 [1.66%]
Dings Company, Llc (Txu) 1146 [1.63%]
1062 [1.63%]
Young Broadcasting, Inc. 1163 [1.62%]

31-May-09
Millennium Digital Media Systems, Llc 1082 [5.11%]
Fontainebleu Florida Hotel, Llc 1010 [4.94%]
Lake At Las Vegas Joint Vent 1070 [3.67%]
Sacher Funding Ltd. 1132 [2.96%]
Talecris Biotherapeutics Holdings Corp. 1135 [2.38%]
Ccs Medical, Inc. (Chronic Care) 998 [2.33%]
Young Broadcasting, Inc. 1163 [1.69%]
1034 [1.66%]
Univision Communications Inc. 949 [1.52%]
1062 [1.48%]
Click here for Stock Holding Change Map in Highland Floating Rate Advantage A Fund (XSFRX)

  

Related books and products to Highland Floating Rate Advantage A Fund (XSFRX)

  

Latest News on Highland Floating Rate Advantage A (XSFRX)

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