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
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.


1 month-1.10% 3 years+3.12%
3 months-0.16% 5 years+6.27%
1 year+14.17% Since inception+4.51%
Data through --

Peer Comparisonvs. Long-short equity

Performance 5-yr return+6.27%+4.49%
Expense ratio3.97%1.89%
Risk 5 year sharpe ratio0.780.57
Net assets$378.0M$338.1M
Average market cap$20.0B$39.0B
Average P/E30.918.1
Portfolio turnover404%404%

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 / 9 Years
Minimal initial investment$2,500.00
Minimum IRA investment$50.00


U.S. stock50.30%
Fixed income49.12%
International stock0.60%
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
-- 8.75%
FB Facebook5.57%
CDK CDK Global Inc5.38%
XPO XPO Logistics Inc4.99%
V Visa4.67%
FMC FMC Corp4.65%
-- 4.37%
MSFT Microsoft4.30%
CIT CIT Group Inc3.97%
-- 3.91%