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-1.39% 3 years+11.63%
3 months+1.50% 5 years+20.68%
1 year+20.76% Since inception+10.42%
Data through --

Peer Comparisonvs. Small growth

Performance 5-yr return+20.68%+24.46%
Expense ratio1.91%1.44%
Risk 5 year sharpe ratio1.391.28
Net assets$42.6M$872.8M
Average market cap$2.8B$2.8B
Average P/E23.528.0
Portfolio turnover64%64%

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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. stock96.45%
International stock1.82%
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
LKQ LKQ Corporation2.91%
GWR Genesee & Wyoming, Inc. Class A2.54%
JAH Jarden Corporation2.50%
ODFL Old Dominion Freight Lines2.38%
MCRS Micros Systems, Inc.2.33%
RJF Raymond James Financial Inc2.30%
MD Mednax, Inc.2.29%
SSNC SS&C Technologies Holdings2.22%
PKG Packaging Corporation of America2.21%
SM SM Energy Co2.00%

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