Highland Small-Cap Equity Fund Class A (HSZAX)

Net Asset Value
1 Day
Overall Morningstar Rating
Small growth
Style or Category
Sales Expenses
Expense Ratio
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 fund uses an investment strategy that combines growth, value and core investment management styles.


1 month+1.54% 3 years+16.74%
3 months+5.42% 5 years+15.59%
1 year+7.04% Since inception+10.18%
Data through --

Peer Comparisonvs. Small growth

Performance 5-yr return+15.59%+14.84%
Expense ratio1.91%1.40%
Risk 5 year sharpe ratio1.080.96
Net assets$41.7M$804.1M
Average market cap$2.6B$2.8B
Average P/E22.126.3
Portfolio turnover26%26%

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Fund Management and Purchase Info

Fund familyHighland Funds
Fund manager & tenureMarc Shapiro / 2 Years
Minimal initial investment$1,000.00
Minimum IRA investment$1,000.00


U.S. stock94.01%
International stock3.40%
Fixed income0.00%
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
RJF Raymond James Financial Inc2.45%
JAH Jarden Corp2.33%
ODFL Old Dominion Freight Lines2.28%
ICLR Icon PLC2.20%
LKQ LKQ Corp2.17%
BLKB Blackbaud Inc2.15%
GWR Genesee & Wyoming Inc Class A2.13%
SM SM Energy Co2.12%
MD Mednax Inc2.09%
HCC HCC Insurance Holdings Inc2.06%

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