HGLB - Highland Global Allocation Fund

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

Nothing on file yet. No large investor has reported a stake in this fund, and the fund has not announced a buy-back, a vote or a closing.

About this fund

• Run by NexPoint Asset Management, L.P. Part of the NexPoint fund family. As of Sept 30, 2025, from the fund's yearly report. Original document →
• Size: about $288 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 5% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.4% a year in management fees; 1.2% a year in total, including interest on borrowed money. Fiscal year ended Sept 30, 2025. As of Sept 30, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Sept 30, 2025) the fund paid $1.04 a share. $0.54 of that was income; $0.50 was your own money back, not income. As of Sept 30, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Sept 30, 2025): $13.42. The shares traded at $9.09, about 32.3% below that. As of Sept 30, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 7.6% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +10.5%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the share price did: the shares returned +25.8% over the last fiscal year (ended Sept 30, 2025), counting payouts and the change in the market price. As of Sept 30, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2015.

What the fund holds

Mostly shares (73%), the rest bonds, loans and preferred shares. About 97% issued in the U.S.

1. (unnamed), Midwave Wireless, Inc Common Stock - 24.7%
2. Midwave Wireless 2/27/2020 - 10.9%
3. Highland Opportunities and Income Fund Mutual Fund - 7.7%
4. Fermi - 6.5%
5. (unnamed), NexPoint Event Driven F-Z Mutual Fund - 6.2%
6. NexPoint Real Estate Finance, Inc. - 4.8%
7. Energy Transfer LP Partnership - 4.2%
8. (unnamed), Gaf Spe II Promissory Note - 3.8%
9. Telesat - 3.3%
10. (unnamed), Gaf REIT - 3.2%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →