Highland Long/Short Equity Fund Class A (HEOAX)

12.24
Net Asset Value
+0.08%
1 Day
+4.53%
Year-to-Date
Overall Morningstar Rating
Long/short equity
Style or Category
5.5
Sales Expenses
3.77%
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+0.08% 3 years+7.03%
3 months+3.73% 5 years+6.34%
1 year+6.87% Since inception+5.31%
Data through --

Peer Comparisonvs. Long/short equity

 HEOAXCategory
Performance 5-yr return+6.34%+6.85%
Expense ratio3.77%1.90%
Risk 5 year sharpe ratio1.020.78
Net assets$896.8M$400.8M
Average market cap$17.1B$37.5B
Average P/E25.218.2
Portfolio turnover349%349%

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Fund Management and Purchase Info

Fund familyHighland Funds
Fund manager & tenureJonathan Lamensdorf / 6 Years
Minimal initial investment$2,500.00
Minimum IRA investment$50.00

Holdings

U.S. stock74.45%
Cash21.21%
International stock11.08%
Fixed income0.00%
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
MCK McKesson Corp5.62%
FNF Fidelity National Financial Inc5.60%
RAX Rackspace Hosting Inc5.48%
RCL Royal Caribbean Cruises Ltd5.45%
LUV Southwest Airlines5.32%
CIT CIT Group Inc5.31%
AAPL Apple5.13%
FB Facebook4.42%
ACT Actavis4.20%
LM Legg Mason Inc4.13%

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