Highland Energy MLP Fund Class A (HEFAX)

10.95
Net Asset Value
+0.46%
1 Day
+2.43%
Year-to-Date
Overall Morningstar Rating
Energy limited partnership
Style or Category
5.75
Sales Expenses
11.62%
Expense Ratio
--
Morningstar Risk Rating™
Investment Objective The investment seeks to provide investors with current income and capital appreciation. The fund seeks to achieve its objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of MLP investments. MLPs typically are characterized as "publicly traded partnerships" that qualify to be treated as partnerships for U.S. federal income tax purposes and are principally engaged in one or more aspects of the exploration, production, processing, transmission, marketing, storage or delivery of energy-related commodities. It is non-diversified.

Performance

1 month-6.25% 3 years+11.12%
3 months-10.07% 5 years--
1 year+11.28% Since inception+12.18%
Data through --

Peer Comparisonvs. Energy limited partnership

 HEFAXCategory
Performance 5-yr return----
Expense ratio11.62%6.08%
Risk 5 year sharpe ratio----
Net assets$31.0M$1.3B
Average market cap$8.9B--
Average P/E29.1--
Portfolio turnover----

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Fund Management and Purchase Info

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

Holdings

U.S. stock93.97%
International stock6.01%
Cash0.02%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
ETE Energy Transfer Equity LP4.50%
TRGP Targa Resources Corp4.34%
MWE MarkWest Energy Partners LP3.89%
NGLS Targa Resources Partners LP3.75%
WMB Williams Companies Inc3.45%
ETP Energy Transfer Partners LP3.36%
EPD Enterprise Products Partners LP3.31%
WGP Western Gas Equity Partners LP3.20%
EQM EQT Midstream Partners LP3.11%
SDLP Seadrill Partners LLC3.11%

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