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Highland Energy MLP Fund Class A (HEFAX)

Net Asset Value
1 Day
Overall Morningstar Rating
Energy limited partnership
Style or Category
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks to provide investors with current income and capital appreciation. The fund invests primarily in master limited partnership ("MLP") investments. The advisor intends to invest at least 80% of its net assets in a portfolio of MLPs investments. In addition, the fund may invest up to 20% of the value of its total assets in a wide variety of securities and financial instruments, of all kinds and descriptions, that are not MLP investments, such as equity securities, equity-linked securities, fixed income securities (including "junk securities"), and money market securities. The fund is non-diversified.


1 month-0.42% 3 years-17.81%
3 months+7.56% 5 years--
1 year-24.33% Since inception-6.61%
Data through --

Peer Comparisonvs. Energy limited partnership

Performance 5-yr return--+4.99%
Expense ratio2.05%1.62%
Risk 5 year sharpe ratio--0.38
Net assets$35.5M$917.8M
Average market cap$7.4B$9.1B
Average P/E24.824.5
Portfolio turnover33%33%

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Fund Management and Purchase Info

Fund familyHighland Funds
Fund manager & tenureMatthew Gray / 4 Years
Minimal initial investment$1,000.00
Minimum IRA investment--


U.S. stock97.06%
International stock2.54%
Fixed income0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
TRGP Targa Resources Corp8.73%
EPD Enterprise Products Partners LP8.34%
ETP Energy Transfer Partners LP6.92%
ETE Energy Transfer Equity LP6.79%
SEMG SemGroup Corp6.66%
NGL NGL Energy Partners LP6.08%
ENLK EnLink Midstream Partners LP5.47%
WGP Western Gas Equity Partners LP5.44%
TLLP Tesoro Logistics LP5.33%