HGLB

Highland Global Allocation Fund (HGLB) operates as a closed-end diversified management investment company focused on providing total return through a flexible global investment strategy. The fund invests across multiple asset classes, including equity securities, fixed-income instruments, credit-related securities, and alternative investments worldwide. HGLB employs a tactical allocation approach, adjusting its portfolio composition based on market conditions and opportunities across developed and emerging markets. The fund is managed by Highland Capital Management Fund Advisors, L.P., which serves as its investment adviser. HGLB's investment strategy emphasizes capital appreciation while generating current income through a diversified portfolio that includes corporate bonds, bank loans, sovereign debt, convertible securities, and equity positions. The fund utilizes leverage as part of its investment approach to potentially enhance returns. As a closed-end fund, HGLB trades on the New York Stock Exchange and maintains a fixed number of shares, which can trade at premiums or discounts to net asset value. The fund regularly distributes income to shareholders through monthly distributions. HGLB provides investors access to a professionally managed, globally diversified portfolio with exposure to various sectors, geographies, and security types, seeking to capitalize on opportunities across the risk spectrum in both traditional and non-traditional asset classes.