Highland/iBoxx Senior Loan ETF (the “Fund”) (NYSE: SNLN) declared a regular distribution, for July 2013, of $0.081 per share, payable on the last business day of the month to holders of record at the close of business July 17, 2013.
|Ordinary||ST Cap Gain||LT Cap Gain||Total|
|July 31, 2013||$||0.081||$||—||$||—||$||0.081|
|June 28, 2013||$||0.085||$||—||$||—||$||0.085|
|May 31, 2013||$||0.090||$||—||$||—||$||0.090|
|April 30, 2013||$||0.085||$||—||$||—||$||0.085|
|March 28, 2013||$||0.081||$||—||$||—||$||0.081|
|February 28, 2013||$||0.085||$||—||$||—||$||0.085|
|January 31, 2013||$||0.099||$||—||$||—||$||0.099|
|December 31, 2012||$||0.149||$||—||$||—||$||0.149|
|Total Returns as of 6/30/13||1 Month||3 Month||YTD||Since Inception(11/6/12)|
|Highland/iBoxx Senior Loan ETF (NAV)||-0.97%||-0.01%||2.38%||2.99%|
|Highland/iBoxx Senior Loan ETF (Market Price)||-0.92%||0.09%||1.66%||3.13%|
About Highland Capital ManagementHighland Capital Management is an SEC-registered investment adviser which, together with its affiliates, has approximately $18 billion of assets under management. Founded in 1993 by Jim Dondero and Mark Okada, Highland is one of the largest and most experienced global alternative credit managers. Highland’s strategies include collateralized loan obligations (CLOs), high yield bonds, distressed credit, public and private equities, structured products and natural resources. Investors should consider the investment objectives, risks, charges and expenses of the Highland/iBoxx Senior Loan ETF carefully before investing. This and other information can be found in the Fund's summary and full prospectuses, which may be obtained by calling 1-855-799-4757 or visiting www.highlandfunds.com . Please read the prospectus carefully before you invest. Securities may be offered through NexBank Securities, Inc., an affiliate of Highland. NexBank Securities, Inc. is a FINRA member firm. To receive a distribution, you must be a registered shareholder of the fund on the record date. Distributions are paid to shareholders on the payment date. There is no guarantee that capital gains distributions will not be made in the future. Your own trading will also generate tax consequences and transaction expenses. Past distributions are not indicative of future distributions. Please consult your tax professional or financial adviser for more information regarding your tax situation. Investing involves risk, including the possible loss of principal. The risks associated with Senior Loans are similar to the risks of below investment grade securities, although Senior Loans are typically senior and secured in contrast to other below investment grade securities, which are often subordinated and unsecured. Below investment grade securities may involve greater levels of interest rate, credit, liquidity, and valuation risk than higher-rated instruments. Narrowly focused funds typically exhibit higher volatility. Highland Capital Management Fund Advisors, L.P. serves as an advisor to the Highland funds. The Highland/iBoxx Senior Loan ETF is distributed by SEI Investments Distribution Co., which is not affiliated with Highland Capital Management Fund Advisors, L.P. or any of its affiliates.