12.11 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 12.11
Category Long/Short Equity
Net Assets 186.52 Mil
Yield 0.00%
Morningstar Risk Average
Morningstar Return Average
  • Last NAV update 7/22/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
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.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 4.67% -2.30% 4.27% 20.21% -0.90%
Value ($) 10,466.77 10,226.30 10,662.88 12,817.60 12,702.22
  • Year to date performance as of 7/22/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Highland Funds
Fund Manager Jonathan Lamensdorf
Tenure (Years) 6
Fund Status Open
Minimum Initial Purchase 2,500.00
Minimum IRA Investment 50.00
Front Load 5.50
Expense Ratio 1.88%
PERFORMANCE
Symbol Value ($)
1 Month -0.74%
3 Months 1.76%
1 Year 10.19%
3 Years* 6.26%
5 Years* 6.91%
  • * Annualized returns
  • Performance as of 7/22/2014 12:00 AM ET
PEER COMPARISON
  HEOAX Long/Short Equity
5-Yr Return 6.91% 8.92%
Sharpe Ratio 0.98 1.59
Net Assets 186.52 Mil 205.09 Mil
Avg Market Cap 11.51 Bil 37.96 Bil
Avg P/E 19.47 17.81
Portfolio Turnover 706 490
HOLDINGS
Symbol Value ($)
Stocks 131.16%
Cash 17.32%
Fixed Income 0.00%
Other 0.22%
DATA PROVIDERS

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Financial data in US dollars | Page generated 12:23 PM ET
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