Highland Global Allocation Fund Y seeks capital appreciation and growth of income. HCOYX invests its assets in a portfolio of U.S. and non-U.S. equity, debt and money market securities. The fund normally invests at least half of its assets in equity securities and a minimum of 40% of its assets in foreign securities.
This Global - Equity product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 1.6% and 5 year 3.1%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
HCOYX’s performance, as of the last filing, when compared to funds in its category was in the top 48% over the past 1 year, and in the top 82% over the past 3 years and in the top 94% over the past 5 years.
The Highland Global Allocation Fund Y, as of the last filing, allocates their fund in top three major groups; High Yield Bond, Small Value and Foreign Stock. Further, as of the last filing, Vistra Energy Corp, Terrestar Corp and Twitter Inc were the top holdings for HCOYX.
This Zacks Rank #4 (Sell) was incepted in January 1998 and is managed by Pyxis. HCOYX carries an expense ratio of 0.91% and requires a minimal initial investment of $0.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>