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Highland Long/Short Equity Fund Class A (HEOAX)

12.35
Net Asset Value
+0.65%
1 Day
+11.06%
Year-to-Date
Overall Morningstar Rating
Long-short equity
Style or Category
5.5
Sales Expenses
3.64%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks consistent- above-average total returns primarily through capital appreciation- while also attempting to preserve capital and mitigate risk through hedging activities. The fund seeks to achieve its investment objective by investing at least 80% of the value of its total assets (net assets plus the amount of any borrowings for investment purposes) under normal circumstances in equity securities. It is non-diversified.

Performance

1 month+2.75% 3 years+4.73%
3 months+2.40% 5 years+5.58%
1 year+12.68% Since inception+4.29%
Data through --

Peer Comparisonvs. Long-short equity

 HEOAXCategory
Performance 5-yr return+5.58%+5.71%
Expense ratio3.64%1.89%
Risk 5 year sharpe ratio0.690.71
Net assets$387.6M$310.5M
Average market cap$22.1B$36.8B
Average P/E12.919.0
Portfolio turnover404%404%

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Fund Management and Purchase Info

Fund familyHighland Funds
Fund manager & tenureJonathan Lamensdorf / 8 Years
Minimal initial investment$2,500.00
Minimum IRA investment$50.00

Holdings

U.S. stock64.09%
Fixed income34.24%
International stock1.68%
Cash0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 21.76%
Consumer goods 19.12%
Telecommunication 14.92%
Energy 11.67%
Hardware 9.59%
Top 10 Holdings
Portfolio weighting
CDK CDK Global Inc6.18%
V Visa5.34%
-- 4.94%
FB Facebook4.60%
CTSH Cognizant Technology Solutions Corp4.58%
-- 4.07%
-- 4.02%
FMC FMC Corp3.90%
HBAN Huntington Bancshares Inc3.68%
CIT CIT Group Inc3.48%