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Trending ETFs

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

-

$50.2 M

0.00%

4.34%

Vitals

YTD Return

-5.5%

1 yr return

-8.0%

3 Yr Avg Return

-5.0%

5 Yr Avg Return

-3.3%

Net Assets

$50.2 M

Holdings in Top 10

63.8%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 4.34%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover 252.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$50


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

-

$50.2 M

0.00%

4.34%

HEOAX - Profile

Distributions

  • YTD Total Return -5.5%
  • 3 Yr Annualized Total Return -4.1%
  • 5 Yr Annualized Total Return -2.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio -1.24%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Highland Long/Short Equity Fund
  • Fund Family Name
    Highland Funds
  • Inception Date
    Dec 05, 2006
  • Shares Outstanding
    972943
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description


HEOAX - Performance

Return Ranking - Trailing

Period HEOAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.5% -64.9% 866.0% 53.32%
1 Yr -8.0% -70.4% 906.3% 63.85%
3 Yr -5.0%* -33.6% 50.0% 68.15%
5 Yr -3.3%* -36.3% 41.2% 74.64%
10 Yr -0.5%* -14.8% 33.0% 76.02%

* Annualized

Return Ranking - Calendar

Period HEOAX Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% -58.1% 80.6% 62.34%
2022 -18.4% -93.5% 23.6% 79.96%
2021 10.3% -55.3% 69.8% 39.55%
2020 0.1% -34.8% 68.2% 74.48%
2019 -5.1% -40.3% 22.5% 48.98%

Total Return Ranking - Trailing

Period HEOAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.5% -64.9% 866.0% 53.32%
1 Yr -8.0% -70.4% 906.3% 63.85%
3 Yr -4.1%* -33.6% 122.8% 74.90%
5 Yr -2.6%* -36.3% 66.5% 80.86%
10 Yr 1.4%* -14.8% 33.0% 80.08%

* Annualized

Total Return Ranking - Calendar

Period HEOAX Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% -58.1% 80.6% 62.50%
2022 -18.4% -53.1% 23.6% 85.90%
2021 13.3% -55.3% 69.8% 40.78%
2020 0.1% -34.8% 70.7% 81.38%
2019 -4.2% -38.0% 30.8% 62.44%

HEOAX - Holdings

Concentration Analysis

HEOAX Category Low Category High HEOAX % Rank
Net Assets 50.2 M 92.3 K 15.3 B 58.42%
Number of Holdings 93 1 1315 35.96%
Net Assets in Top 10 14.5 M -82 M 4.21 B 61.42%
Weighting of Top 10 63.75% 3.7% 100.0% 25.46%

Top 10 Holdings

  1. Highland Merger Arbitrage Z 15.92%
  2. E-mini S&P 500 Future June 20 11.28%
  3. SPDR® S&P Regional Banking ETF 5.87%
  4. Omnova Solutions Inc 4.92%
  5. Forty Seven Inc 4.65%
  6. iShares Russell 2000 ETF 4.65%
  7. Fidelity National Information Services Inc 4.41%
  8. Facebook Inc A 4.21%
  9. Motorola Solutions Inc 4.12%
  10. Visa Inc Class A 3.71%

Asset Allocation

Weighting Return Low Return High HEOAX % Rank
Stocks
88.16% -169.40% 100.14% 21.91%
Cash
9.20% -0.17% 1041.68% 66.67%
Preferred Stocks
3.29% 0.00% 18.93% 2.93%
Convertible Bonds
0.00% 0.00% 10.56% 28.55%
Bonds
0.00% -332.80% 45.33% 36.57%
Other
-0.66% -895.56% 38.46% 95.99%

Stock Sector Breakdown

Weighting Return Low Return High HEOAX % Rank
Financial Services
38.76% 0.00% 100.00% 3.57%
Technology
22.39% 0.00% 99.85% 25.65%
Industrials
9.97% 0.00% 70.69% 47.24%
Healthcare
7.30% 0.00% 100.00% 78.25%
Communication Services
5.34% 0.00% 100.00% 62.82%
Consumer Cyclical
4.73% 0.00% 59.77% 78.73%
Basic Materials
4.11% 0.00% 72.60% 22.08%
Energy
4.08% 0.00% 100.00% 30.36%
Real Estate
3.09% 0.00% 100.00% 38.96%
Utilities
0.23% 0.00% 99.08% 66.23%
Consumer Defense
0.00% 0.00% 69.13% 85.39%

Stock Geographic Breakdown

Weighting Return Low Return High HEOAX % Rank
US
75.71% -162.68% 79.97% 21.76%
Non US
12.45% -48.75% 65.94% 33.64%

HEOAX - Expenses

Operational Fees

HEOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.34% 0.08% 45.48% 10.09%
Management Fee 2.25% 0.00% 2.94% 98.77%
12b-1 Fee 0.35% 0.00% 1.00% 62.50%
Administrative Fee 0.20% 0.03% 1.47% 80.23%

Sales Fees

HEOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 2.50% 5.75% 55.77%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

HEOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 21.79%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HEOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 252.00% 0.00% 496.00% 87.09%

HEOAX - Distributions

Dividend Yield Analysis

HEOAX Category Low Category High HEOAX % Rank
Dividend Yield 0.00% 0.00% 11.31% 9.09%

Dividend Distribution Analysis

HEOAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

HEOAX Category Low Category High HEOAX % Rank
Net Income Ratio -1.24% -4.31% 6.50% 95.59%

Capital Gain Distribution Analysis

HEOAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Distributions History

View More +

HEOAX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 41.69 7.03 2.67