Highland Global Allocation Fund

Highland Global Allocation Fund is a closed-end investment fund focused on delivering above-average risk-adjusted total returns through a globally diversified portfolio. Managed by a team led by James Dondero, the fund invests across U.S. and foreign equities, fixed income securities, and selected alternative assets. Its strategy is rooted in a global thematic approach, identifying undervalued securities with robust growth prospects relative to the market, their peers, or historical valuations. The fund makes use of a collaborative management structure, drawing on expertise from multiple disciplines, and employs a rigorous top-down asset allocation process supported by extensive analytical resources. With over half of its assets typically allocated to equities and a significant portion to non-U.S. securities, the fund aims to maintain a low correlation to the domestic equity market, providing diversification benefits for investors. Monthly distributions and a consistent focus on value investing further characterize this fund, making it a notable participant in the global allocation category within the broader financial markets.