Is HGLB a Friend, Question Mark or Foe?

HGLB is classified a Foe under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the HGLB distribution?

A Foe is an income asset whose long-term distributions have historically outrun its economic total return, or whose distribution or working capital has eroded over time. It describes a weak historical income-quality record — it is not a prediction or a recommendation to sell.

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Public snapshot

HGLB Income Quality Score

Name: HGLB Income Quality Score
Creator: Income Quality Score
Keywords: HGLB income quality, HGLB dividend quality, HGLB dividend safety, HGLB distribution history, HGLB dividend score, HGLB analysis, Highland Global Allocation Fund dividend

Highland Global Allocation Fund (HGLB) has an Income Quality Score of 32/100, classified as a Foe with medium confidence, based on a 5-year income and total-return history.

Highland Global Allocation Fund (HGLB) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of June 30, 2026Lookback: 5-year

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Long-term focused5-year income and total-return analysis

Data-drivenObjective scoring across 4 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

32/100

FoeMedium confidence

Asset Type

CEF

Exchange

NYSE

Trailing Yield (TTM)

Not published

No normalized trailing yield is published for closed-end funds in this snapshot.

Rank in CEF Universe

335 of 358

Lookback

5-year

Data as of

June 30, 2026

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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

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HGLBHighland Global Allocation Fund

32FoeMedium confidence

Snapshot: 2026-06
Data as of: 2026-06-30
Lookback: 5-year
Asset type: Closed-End Fund

IQ Score History

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage

0/100

Working Capital Preservation

57/100

Distribution Cut Score

70/100

Distribution Trend

52/100

What to watch

Distributions exceed long-term total return
1–2 years with a material annual distribution decline

Flags & gates

Yield Trap

Distribution Safety

3Years raised

1Years cut

8Years of data

RisingCurrent trend

Medium confidence (5–9 years of history)

20191.06Held
20201.008Lower total
20210.852Cut
20220.972Raised
20231.008Raised
20240.972Lower total
20251.056Raised
20260.51Partial year

Distributions per year, from the frozen distribution-stability signal. “Lower total” means the calendar-year sum was smaller than the prior year (often a special-distribution rolloff or timing shift), but did not decline more than the engine's 10% material-decline threshold — see Years Cut above for years that did.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.