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-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

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%

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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. stock75.57%
International stock9.30%
Fixed income2.41%
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%

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