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Highland Small-Cap Equity Fund Class A (HSZAX)

14.82
Net Asset Value
+0.88%
1 Day
+7.63%
Year-to-Date
Overall Morningstar Rating
Small growth
Style or Category
5.75
Sales Expenses
2.02%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital. The fund seeks to achieve its investment objective by investing at least 80% of its net assets under normal circumstances in equity securities, such as common and preferred stocks, of small-cap companies, plus borrowing for investment purposes. The managers define a small-cap company as one with a market capitalization that falls between (a) the bottom range of the Russell 2000 ® Index ("Russell 2000 Index") and (b) the greater of either the top range of the Russell 2000 Index or $3.0 billion.

Performance

1 month-0.20% 3 years+10.13%
3 months-3.52% 5 years+12.60%
1 year+9.72% Since inception+10.28%
Data through --

Peer Comparisonvs. Small growth

 HSZAXCategory
Performance 5-yr return+12.60%+12.81%
Expense ratio2.02%1.29%
Risk 5 year sharpe ratio0.930.92
Net assets$67.2M$944.4M
Average market cap$1.9B$3.5B
Average P/E4.329.9
Portfolio turnover107%107%

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Fund Management and Purchase Info

Fund familyHighland Funds
Fund manager & tenureJames Dondero / 2 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

U.S. stock99.10%
International stock2.90%
Fixed income0.02%
Cash0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Industrial materials 15.20%
Healthcare 13.69%
Financial service 12.40%
Consumer goods 10.64%
Business service 9.24%
Top 10 Holdings
Portfolio weighting
-- 5.38%
JCAP Jernigan Capital Inc4.90%
FINL Finish Line Inc4.78%
VST Vistra Energy Corp4.04%
IRT Independence Realty Trust Inc4.04%
SRC Spirit Realty Capital Inc3.73%
TNA Direxion Daily Small Cap Bull 3X Shares3.14%
SBGI Sinclair Broadcast Group Inc2.81%
BKS Barnes & Noble Inc2.62%
PDCO Patterson Companies Inc2.57%