HGLB: Flawed Portfolio Structure Limits Appeal [Seeking Alpha]
Highland Global Allocation Fund (HGLB)
Company Research
Source: Seeking Alpha
HGLB trades at a 27% discount to NAV, but its income generation relies heavily on positive net realized gains rather than stable net investment income. The fund's high 11.4% yield is attractive, yet dividend sustainability is questionable if rates fall or markets turn negative. Exposure to real estate, floating-rate debt, and a large private holding increases vulnerability to adverse market or rate shifts. cagkansayin/iStock via Getty Images Overview When I previously covered the Highland Global Allocation Fund ( HGLB ), I issued a hold rating due to the uncertainty of the markets at the time and the fund's heavy concentration into a few This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seekin
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HGLB
Sec Filings
- 12/12/25 - Form N-CEN
- 12/8/25 - Form N-CSR
- 12/1/25 - Form NPORT-P
- HGLB's page on the SEC website