Highland Long/Short Equity Fund Class A (HEOAX)

11.82
Net Asset Value
-0.08%
1 Day
-3.27%
Year-to-Date
Overall Morningstar Rating
Long/short equity
Style or Category
5.5
Sales Expenses
3.87%
Expense Ratio
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 normally invests at least 80% of the value of its total assets (net assets plus the amount of any borrowings for investment purposes) in equity securities. Equity securities of U.S. or non-U.S. issuers in which the fund may invest include common stocks, preferred stocks, convertible securities, depositary receipts, warrants to buy common stocks and "derivatives" on any of the foregoing securities. It is non-diversified.

Performance

1 month-3.67% 3 years+6.06%
3 months-3.19% 5 years+6.39%
1 year+14.60% Since inception+5.15%
Data through --

Peer Comparisonvs. Long/short equity

 HEOAXCategory
Performance 5-yr return+6.39%+11.15%
Expense ratio3.87%1.92%
Risk 5 year sharpe ratio1.040.99
Net assets$1.1B$534.5M
Average market cap$13.3B$39.2B
Average P/E22.816.7
Portfolio turnover706%706%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyHighland Funds
Fund manager & tenureJonathan Lamensdorf / 5 Years
Minimal initial investment$2,500.00
Minimum IRA investment$50.00

Holdings

U.S. stock75.57%
Cash12.71%
International stock9.30%
Fixed income2.41%
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
ADS Alliance Data Systems Corporation6.22%
CBS CBS Corporation Class B5.44%
GNC GNC Holdings Inc4.99%
MPEL Melco Crown Entertainment Ltd ADR3.80%
PXD Pioneer Natural Resources Company3.67%
NWSA News Corporation Class A3.64%
FB Facebook Inc Class A3.55%
FNF Fidelity National Financial Inc.3.04%
MPC Marathon Petroleum Corp3.00%
AMG Affiliated Managers Group Inc2.73%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.