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.
MarketUS Open-end ex MM ex FoF ex Feeder
Total Net Assets1.44 Bil
Investment Flows (TTM)665.82 Mil
Asset Growth Rate (TTM)82.56%
# of Share Classes9
# of Share Classes
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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