Highland Global Allocation Fund (HGLB)

Highland Global Allocation Fund (HGLB) — VMCI valuation read

The headline on Highland Global Allocation Fund (HGLB) is a 68/100 VMCI score, set against a Financial Services sector median of 50. That 18-point above-median read reflects the five-pillar weighting and, for a mid-cap name, suggests a relative-value tailwind is in the data.

HGLB insider activity report: 0 buys, 0 sells filed via Form 4 over the past 30 days. The next datable items are the 10-Q schedule and any 8-K-triggering events; both feed the VMCI Integrity pillar more than the price tape.

**Investor frame.** HGLB trades at 27.0x earnings, 50% above the Financial Services median of 18.0x sets the value side. ROIC of 19.0% sits 9.0pp above the Financial Services median (10.0%) sets the quality side. Net debt to EBITDA of -0.4x leaves covenant headroom sets the risk side, the three lines a value buyer reads first on HGLB.

HGLB fell 0.6% over the trailing 7 days, with a -10.2% read on a 30-day basis.