Highland Long/Short Equity Fund Class A (HEOAX)

12.12
Net Asset Value
-0.57%
1 Day
-0.82%
Year-to-Date
Overall Morningstar Rating
Long/short equity
Style or Category
5.5
Sales Expenses
3.87%
Expense Ratio
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 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.

Performance

1 month+1.68% 3 years+7.87%
3 months+0.25% 5 years+5.43%
1 year+5.73% Since inception+5.06%
Data through --

Peer Comparisonvs. Long/short equity

 HEOAXCategory
Performance 5-yr return+5.43%+9.35%
Expense ratio3.87%1.90%
Risk 5 year sharpe ratio0.920.84
Net assets$1.0B$499.7M
Average market cap$10.8B$37.6B
Average P/E26.018.6
Portfolio turnover349%349%

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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

Holdings

U.S. stock62.46%
Cash35.04%
International stock2.19%
Fixed income0.31%
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
IVV iShares Core S&P 5004.90%
NWSA News Corp Class A4.86%
YHOO Yahoo! Inc4.42%
FNF Fidelity National Financial Inc4.20%
NBR Nabors Industries Ltd3.41%
FB Facebook Inc Class A3.28%
HRB H&R Block Inc2.91%
WDC Western Digital Corp2.86%
CHRW CH Robinson Worldwide Inc2.72%
WSO Watsco Inc2.71%

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