GESCX: Highland Small-Cap Equity C

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GESCX Highland Small-Cap Equity C


Profile

GESCX - Profile

Vitals

  • YTD Return -2.7%
  • 3 Yr Annualized Return -15.6%
  • 5 Yr Annualized Return -10.4%
  • Net Assets $40.4 M
  • Holdings in Top 10 77.8%

52 WEEK LOW AND HIGH

$6.22
$6.22
$7.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.25%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 12.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -2.7%
  • 3 Yr Annualized Total Return -15.6%
  • 5 Yr Annualized Total Return -10.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.93%
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, 1999
  • Shares Outstanding
    514333
  • Share Class
    C
  • 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.


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Categories

Performance

GESCX - Performance

Return Ranking - Trailing

Period GESCX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -60.1% 0.0% 2.54%
1 Yr -9.2% -65.6% 2.9% 38.03%
3 Yr -15.6%* -37.9% 0.0% 97.15%
5 Yr -10.4%* -25.1% 3.6% 94.07%
10 Yr N/A* -11.0% 6.6% 8.70%

* Annualized

Return Ranking - Calendar

Period GESCX Return Category Return Low Category Return High Rank in Category (%)
2019 1.1% 0.0% 21.8% 97.12%
2018 -28.2% -28.2% 0.0% 97.48%
2017 -12.1% -12.1% 7.7% 98.61%
2016 22.5% 0.0% 25.7% 0.53%
2015 -26.6% -26.6% -7.4% 98.49%

Total Return Ranking - Trailing

Period GESCX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -60.1% 0.0% 2.54%
1 Yr -9.2% -65.6% 2.9% 38.03%
3 Yr -15.6%* -32.5% 1.5% 98.27%
5 Yr -10.4%* -17.0% 3.6% 97.85%
10 Yr N/A* -3.2% 6.6% 8.70%

* Annualized

Total Return Ranking - Calendar

Period GESCX Return Category Return Low Category Return High Rank in Category (%)
2019 1.1% 0.0% 21.8% 97.24%
2018 -28.2% -28.2% 0.0% 98.60%
2017 -12.1% 0.0% 16.4% 99.15%
2016 22.5% 0.0% 32.0% 0.62%
2015 -26.6% -16.5% -7.4% 99.14%

NAV & Total Return History


Holdings

GESCX - Holdings

Concentration Analysis

GESCX Category Low Category High GESCX % Rank
Net Assets 40.4 M 152 K 23.6 M 68.31%
Number of Holdings 80 2 70 15.21%
Net Assets in Top 10 9.77 M 19.6 K 13 M 82.11%
Weighting of Top 10 77.76% 0.8% 58.4% 50.22%

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 GESCX % Rank
Stocks
96.21% -1.06% 70.20% 20.79%
Cash
14.95% 14.02% 99.22% 1.74%
Preferred Stocks
11.33% 0.00% 10.03% 0.17%
Other
4.14% -0.34% 8.04% 4.88%
Convertible Bonds
0.00% 0.00% 0.51% 74.16%
Bonds
-26.64% 0.00% 47.42% 99.03%

Stock Sector Breakdown

Weighting Return Low Return High GESCX % Rank
Financial Services
23.78% 0.00% 25.50% 2.27%
Healthcare
20.59% 0.00% 24.78% 3.02%
Real Estate
16.21% 0.00% 12.18% 2.21%
Technology
8.73% 0.00% 14.53% 89.60%
Consumer Cyclical
6.80% 0.00% 11.23% 87.33%
Utilities
5.25% 0.00% 3.32% 10.98%
Energy
5.10% 0.00% 6.02% 24.99%
Industrials
3.00% 0.00% 21.50% 99.42%
Basic Materials
2.18% 0.00% 9.45% 87.74%
Communication Services
1.69% 0.00% 5.97% 93.55%
Consumer Defense
1.25% 0.00% 4.03% 91.46%

Stock Geographic Breakdown

Weighting Return Low Return High GESCX % Rank
US
73.38% -1.06% 67.31% 1.39%
Non US
22.83% 0.00% 24.31% 95.53%

Expenses

GESCX - Expenses

Operational Fees

GESCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.25% 1.73% 6.09% 8.46%
Management Fee 0.95% 0.14% 1.00% 90.26%
12b-1 Fee 1.00% 0.00% 1.00% 88.82%
Administrative Fee 0.20% 0.20% 0.25% 80.77%

Sales Fees

GESCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load 1.00% 1.00% 1.00% 32.05%

Trading Fees

GESCX 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.

GESCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 12.00% 220.00% 17.21%

Distributions

GESCX - Distributions

Dividend Yield Analysis

GESCX Category Low Category High GESCX % Rank
Dividend Yield 0.00% 0.00% 44.44% 34.69%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GESCX Category Low Category High GESCX % Rank
Net Income Ratio -0.93% -0.93% 0.13% 98.49%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

GESCX - Fund Manager Analysis

Tenure Analysis

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