GASCX: Highland Small Cap Equity Fund - MutualFunds.com
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Highland Small-Cap Equity A

GASCX - Snapshot

Vitals

  • YTD Return -2.6%
  • 3 Yr Annualized Return -8.0%
  • 5 Yr Annualized Return -4.2%
  • Net Assets $40.4 M
  • Holdings in Top 10 77.8%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.53%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 12.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification

  • Primary Theme N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Small Blend

Compare GASCX to Popular Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$96.79

+0.09%

$1.08 T

-

$0.00

2.20%

-

$198.79

-0.10%

$1.08 T

1.05%

$2.10

2.13%

-

$347.85

-0.34%

$637.05 B

1.52%

$5.30

1.21%

-

$351.74

+0.23%

$637.05 B

-

$0.00

1.48%

-

$20.04

+0.05%

$416.90 B

-

$0.00

3.30%

-

GASCX - Profile

Distributions

  • YTD Total Return -2.6%
  • 3 Yr Annualized Total Return -8.0%
  • 5 Yr Annualized Total Return -4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.17%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Highland Small Cap Equity Fund
  • Fund Family Name
    Highland Funds
  • Inception Date
    Sep 30, 1998
  • Shares Outstanding
    2509487
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

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 manager defines a small-cap company as one with a market capitalization that falls between (a) the bottom range of the S&P Small-Cap 600 Index ("Small-Cap 600 Index") and (b) the greater of either the top range of the Small-Cap 600 Index or $4.4 billion.


GASCX - Performance

Return Ranking - Trailing

Period GASCX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.6% -63.8% 0.0% 2.48%
1 Yr -1.9% -68.4% 2.9% 4.14%
3 Yr -8.0%* -40.0% 0.0% 88.73%
5 Yr -4.2%* -26.2% 3.5% 71.98%
10 Yr N/A* -11.9% 6.3% 42.86%

* Annualized

Return Ranking - Calendar

Period GASCX Return Category Return Low Category Return High Rank in Category (%)
2020 9.1% 0.0% 21.8% 91.60%
2019 -20.7% -28.2% 0.0% 83.41%
2018 -4.7% -12.1% 7.7% 97.60%
2017 25.1% 0.0% 25.7% 0.27%
2016 -22.4% -26.6% -7.4% 97.74%

Total Return Ranking - Trailing

Period GASCX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.6% -63.8% 0.0% 2.48%
1 Yr -1.9% -68.4% 2.9% 4.14%
3 Yr -8.0%* -34.9% 1.5% 92.56%
5 Yr -4.2%* -18.3% 3.5% 86.09%
10 Yr N/A* -4.2% 6.3% 42.86%

* Annualized

Total Return Ranking - Calendar

Period GASCX Return Category Return Low Category Return High Rank in Category (%)
2020 9.1% 0.0% 21.8% 91.60%
2019 -20.7% -28.2% 0.0% 88.87%
2018 -4.7% 0.0% 16.4% 98.84%
2017 25.1% 0.0% 32.0% 0.45%
2016 -22.4% -16.5% -7.4% 98.49%

GASCX - Holdings

Concentration Analysis

GASCX Category Low Category High GASCX % Rank
Net Assets 40.4 M 152 K 23.6 M 68.25%
Number of Holdings 80 2 70 15.16%
Net Assets in Top 10 9.77 M 19.6 K 13 M 82.06%
Weighting of Top 10 77.76% 0.8% 58.4% 50.16%

Top 10 Holdings

  1. Bny Loan Outstanding 27.45%
  2. Eurobank Ergasias SA ADR 7.91%
  3. Braemar Hotels & Resorts Inc B 7.66%
  4. NexPoint Residential Trust Inc 6.56%
  5. National Bank of Greece SA 5.90%
  6. Alpha Bank AE ADR 5.85%
  7. NexPoint Strategic Opportunities Fund 4.68%
  8. Jernigan Capital Inc 4.32%
  9. Coherus BioSciences Inc 3.78%
  10. Vistra Energy Corp 3.66%

Asset Allocation

Weighting Return Low Return High GASCX % Rank
Stocks
96.21% -1.06% 70.20% 20.73%
Cash
14.95% 14.02% 99.22% 1.68%
Preferred Stocks
11.33% 0.00% 10.03% 0.12%
Other
4.14% -0.34% 8.04% 4.82%
Convertible Bonds
0.00% 0.00% 0.51% 74.10%
Bonds
-26.64% 0.00% 47.42% 98.97%

Stock Sector Breakdown

Weighting Return Low Return High GASCX % Rank
Financial Services
23.78% 0.00% 25.50% 2.21%
Healthcare
20.59% 0.00% 24.78% 2.96%
Real Estate
16.21% 0.00% 12.18% 2.15%
Technology
8.73% 0.00% 14.53% 89.54%
Consumer Cyclical
6.80% 0.00% 11.23% 87.27%
Utilities
5.25% 0.00% 3.32% 10.92%
Energy
5.10% 0.00% 6.02% 24.93%
Industrials
3.00% 0.00% 21.50% 99.36%
Basic Materials
2.18% 0.00% 9.45% 87.68%
Communication Services
1.69% 0.00% 5.97% 93.49%
Consumer Defense
1.25% 0.00% 4.03% 91.40%

Stock Geographic Breakdown

Weighting Return Low Return High GASCX % Rank
US
73.38% -1.06% 67.31% 1.34%
Non US
22.83% 0.00% 24.31% 95.47%

GASCX - Expenses

Operational Fees

GASCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.53% 1.73% 6.09% 10.32%
Management Fee 0.95% 0.14% 1.00% 90.20%
12b-1 Fee 0.25% 0.00% 1.00% 35.37%
Administrative Fee 0.20% 0.20% 0.25% 80.54%

Sales Fees

GASCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 4.75% 5.75% 12.96%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

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

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.

GASCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 12.00% 220.00% 17.15%

GASCX - Distributions

Dividend Yield Analysis

GASCX Category Low Category High GASCX % Rank
Dividend Yield 0.00% 0.00% 49.05% 34.63%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GASCX Category Low Category High GASCX % Rank
Net Income Ratio -0.17% -0.93% 0.13% 94.31%

Capital Gain Distribution Analysis

GASCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

GASCX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 14.26 6.49 0.12