# Highland Global Allocation Fund (HGLB): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hglb for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Thematic · Inception: 2019-03-01 Highland Global Allocation Fund (HGLB) is structured as a closed-end investment vehicle. Its primary objective is to foster sustained capital appreciation and generate a steady stream of income over the long term. The fund accomplishes these goals by strategically deploying capital into a diverse portfolio comprising both domestic and international equities, fixed-income instruments, and money market assets. Established on April 9, 2013, its principal operations are based in Dallas, Texas. ## Key Facts | Metric | Value | |---|---| | Price | $6.17 | | Expense Ratio | — | | Assets Under Management | $145.6M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 16.63% | | Annual Distribution (TTM) | $1.03 /share | | Distribution Frequency | Monthly | | 52-Week Range | $6.09 – $10.64 | | Beta | 0.72 | ## Latest Distribution - Amount: $0.0850 /share - Ex-date: 2026-12-24 - Pay date: 2026-12-31 ## Frequently Asked Questions ### What does HGLB invest in? Highland Global Allocation Fund (HGLB) is structured as a closed-end investment vehicle. Its primary objective is to foster sustained capital appreciation and generate a steady stream of income over the long term. The fund accomplishes these goals by strategically deploying capital into a diverse portfolio comprising both domestic and international equities, fixed-income instruments, and money market assets. Established on April 9, 2013, its principal operations are based in Dallas, Texas. ### What is the expense ratio of HGLB? An expense ratio for Highland Global Allocation Fund (HGLB) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### How big is HGLB? Highland Global Allocation Fund (HGLB) manages $145.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is HGLB actively managed or an index fund? HGLB's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was HGLB launched? Highland Global Allocation Fund (HGLB) launched in March 2019 and is managed by the fund issuer. ### How has HGLB performed? HGLB's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does HGLB pay a dividend? Highland Global Allocation Fund (HGLB) currently distributes little or no income. Trailing-twelve-month yield is 16.63%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does HGLB pay dividends? Highland Global Allocation Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is HGLB's dividend yield? HGLB's trailing-twelve-month yield is 16.63%, calculated from the sum of dividends over the past year divided by the current price. ### When is HGLB's next ex-dividend date? The most recently announced ex-dividend date for HGLB was 2026-12-24. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### Why is HGLB's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check monthly) report an expense ratio for Highland Global Allocation Fund (HGLB). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does HGLB charge its expense ratio? The expense ratio is deducted in tiny daily slices from HGLB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/hglb - Distribution history: https://www.dividenddata.com/funds/hglb/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hglb/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hglb/expenses - Peer comparison: https://www.dividenddata.com/funds/hglb/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.