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Highland Small-Cap Equity Fund Class A (HSZAX)

12.97
Net Asset Value
+1.81%
1 Day
+17.80%
Year-to-Date
Overall Morningstar Rating
Small growth
Style or Category
5.75
Sales Expenses
1.67%
Expense Ratio
Below 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-2.99% 3 years+9.34%
3 months+25.80% 5 years+9.72%
1 year+2.60% Since inception+9.84%
Data through --

Peer Comparisonvs. Small growth

 HSZAXCategory
Performance 5-yr return+9.72%+6.48%
Expense ratio1.67%1.34%
Risk 5 year sharpe ratio0.620.43
Net assets$35.2M$811.2M
Average market cap$2.5B$2.8B
Average P/E21.524.6
Portfolio turnover70%70%

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Fund Management and Purchase Info

Fund familyHighland Funds
Fund manager & tenureJames Dondero / 0 Years
Minimal initial investment$1,000.00
Minimum IRA investment$1,000.00

Holdings

U.S. stock92.71%
Cash6.64%
International stock0.65%
Fixed income0.00%
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
BLKB Blackbaud Inc3.88%
MD MEDNAX Inc3.59%
SONC Sonic Corp3.39%
RJF Raymond James Financial Inc3.37%
SEAS SeaWorld Entertainment Inc3.31%
PLAY Dave & Buster's Entertainment Inc3.28%
-- 3.15%
LKQ LKQ Corp2.84%
IDA Idacorp Inc2.69%
-- 2.47%

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