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-0.95% 3 years+3.15%
3 months+3.38% 5 years+6.10%
1 year+12.68% Since inception+4.78%
Data through --

Peer Comparisonvs. Long-short equity

Performance 5-yr return+6.10%+6.23%
Expense ratio3.97%1.89%
Risk 5 year sharpe ratio0.860.79
Net assets$388.8M$344.8M
Average market cap$23.2B$45.5B
Average P/E14.920.0
Portfolio turnover404%404%

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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. stock61.41%
Fixed income37.74%
International stock0.87%
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
CDK CDK Global Inc7.35%
CTSH Cognizant Technology Solutions Corp6.56%
FB Facebook6.50%
FMC FMC Corp6.39%
SPY SPDR® S&P 500 ETF5.41%
XPO XPO Logistics Inc5.41%
MSFT Microsoft5.13%
CIT CIT Group Inc4.90%
V Visa4.65%
-- 4.63%