Highland Long/Short Equity Fund Class A (HEOAX)

Net Asset Value
1 Day
Overall Morningstar Rating
Long/short equity
Style or Category
Sales Expenses
Expense Ratio
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.


1 month-0.58% 3 years+6.61%
3 months+2.54% 5 years+6.91%
1 year+10.47% Since inception+5.19%
Data through --

Peer Comparisonvs. Long/short equity

Performance 5-yr return+6.91%+9.35%
Expense ratio3.87%1.90%
Risk 5 year sharpe ratio1.080.90
Net assets$1.0B$509.4M
Average market cap$11.5B$38.0B
Average P/E24.117.8
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


U.S. stock77.17%
International stock10.14%
Fixed income0.00%
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
NWSA News Corp Class A6.87%
ADS Alliance Data Systems Corp5.73%
SPY SPDR S&P 5005.54%
CBS CBS Corp Class B5.49%
SBAC SBA Communications Corp5.07%
MPEL Melco Crown Entertainment Ltd ADR4.38%
PXD Pioneer Natural Resources Co4.37%
FNF Fidelity National Financial Inc4.31%
-- Valeant Pharmaceuticals International Inc3.51%
ACHC Acadia Healthcare Co Inc3.20%

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 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.