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Highland Long/Short Equity Fund Class A (HEOAX)

10.97
Net Asset Value
-0.36%
1 Day
-1.26%
Year-to-Date
Overall Morningstar Rating
Long/short equity
Style or Category
5.5
Sales Expenses
3.61%
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 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+0.82% 3 years+4.26%
3 months+3.48% 5 years+3.33%
1 year-5.96% Since inception+3.81%
Data through --

Peer Comparisonvs. Long/short equity

 HEOAXCategory
Performance 5-yr return+3.33%+3.52%
Expense ratio3.61%1.84%
Risk 5 year sharpe ratio0.490.45
Net assets$776.1M$300.4M
Average market cap$17.8B$48.9B
Average P/E20.318.1
Portfolio turnover414%414%

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Fund Management and Purchase Info

Fund familyHighland Funds
Fund manager & tenureJonathan Lamensdorf / 7 Years
Minimal initial investment$2,500.00
Minimum IRA investment$50.00

Holdings

U.S. stock54.41%
Cash42.05%
International stock3.38%
Fixed income0.17%
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
CIT CIT Group Inc4.46%
CDK CDK Global Inc3.85%
GOOG Google3.54%
NCLH Norwegian Cruise Line Holdings Ltd3.16%
KHC Kraft Heinz Co2.64%
FB Facebook2.47%
AMZN Amazon2.46%
AGN Allergan2.35%
PXD Pioneer Natural Resources Co2.15%
DHR Danaher Corp2.12%

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