Highland lags peer asset managers in a number of stewardship qualities, resulting in a Below Average Parent Pillar rating. Despite the negative rating, an area of strength of the firm is manager investment. Over 44% of the firm's assets are covered by invested managers, in an effort to align portfolio manager and shareholder interests. The Highland roster of open-end and exchange-traded funds has had below-average risk-adjusted performance, as evidenced by its average five-year Morningstar Rating of 1.7 stars. The firm charges fees on its open-end and exchange-traded funds that are on par with category peers. On average, fees on its funds are within the middle quintile, giving it neither an advantage nor disadvantage compared with the competition.
Highland
Highland Investments
Market
US Open-end ex MM ex FoF ex FeederTotal Net Assets
1.44 BilInvestment Flows (TTM)
665.82 MilAsset Growth Rate (TTM)
82.56%# of Share Classes
9
Morningstar Rating
|
# of Share Classes
|
|---|---|
| 0 | |
| 3 | |
| 1 | |
| 2 | |
| 3 | |
| Not Rated | 0 |
0%
25
50
Name
|
Morningstar Rating Overall
|
5-Year Category Rank
|
|---|---|---|
| NexPoint Merger Arbitrage A | 17 | |
| NexPoint Merger Arbitrage Z | 12 | |
| NexPoint Merger Arbitrage C | 22 | |
| NexPoint Event Driven Z | 47 | |
| NexPoint Event Driven A | 54 |
The Morningstar Star Rating for Funds is a purely quantitative measure of a fund's past performance, measured from one to five stars.
Star ratings are calculated at the end of every month.
Investments must have at least 36 continuous months of total returns to receive a rating.
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Quick Definitions: Key Morningstar Terms
Morningstar Rating™ for Funds
The Morningstar Rating for Funds, often referred to as the Star Rating, measures a fund’s past performance compared to similar funds on a risk-adjusted basis.
Morningstar Analyst Rating for Funds™
The Morningstar Analyst Rating` for funds is a forward-looking, qualitative rating. It helps investors find funds most likely to outperform their peers over a full market cycle.
Percentile Rank
Percentile rank is how an investment’s return, risk, or other metric compares with other investments in its Morningstar Category.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.