HEOAX: Performance for HIGHLAND LONG/SHORT EQUITY FUND - Yahoo! Finance

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Performance As of 30-Nov-09	Get Performance for:

PERFORMANCE OVERVIEW

Morningstar Return Rating:
Year to Date Return:	15.97%
5-Year Average Return:	N/A
Number of Years Up:	1
Number of Years Down:	1
Best 1-Yr Total Return (2007):	8.37%
Worst 1-Yr Total Return (2008):	-10.48%
Best 3-Yr Total Return (N/A):	N/A
Worst 3-Yr Total Return (N/A):	N/A

LOAD ADJUSTED RETURNS

1-Year:	4.43%
3-Year:	N/A
5-Year:	N/A
10-Year:	N/A

TRAILING RETURNS (%) VS. BENCHMARKS

Return	HEOAX	Category	Diff	Index*	Diff
Year To Date	15.97	9.53	6.44	0.97	15
1-Month	1.22	1.51	-0.29	0.03	1.19
3-Month	4.34	2.49	1.85	0.09	4.25
1-Year	15.57	11.90	3.67	1.34	14.23
3-Year	N/A	-1.49	N/A	3.61	N/A
5-Year	N/A	1.87	N/A	3.76	N/A
Last Bull Market ( 28-Feb-09 to 30-Sep-09)	11.67	14.26	-2.59	0.68	10.99
Last Bear Market ( 31-Aug-08 to 31-Aug-09)	-1.16	-4.39	3.23	2.21	-3.37

* Index means [ ML USD LIBOR 3 Mon CM ]

ANNUAL TOTAL RETURN (%) HISTORY

Year

HEOAX

Category

Diff

2009

N/A

N/A

N/A

2008

-10.48

-15.40

4.92

2007

8.37

4.42

3.95

2006

N/A

7.23

N/A

2005

N/A

4.77

N/A

2004

N/A

5.06

N/A

2003

N/A

8.46

N/A

2002

N/A

2.05

N/A

2001

N/A

5.37

N/A

2000

N/A

9.57

N/A

1999

N/A

3.99

N/A

PAST QUARTERLY RETURNS (%) FOR HEOAX

	Q1	Q2	Q3	Q4
2009	4.82	0.10	10.42	N/A
2008	-1.73	1.17	-5.59	-4.62
2007	3.30	8.41	-0.45	-2.80
2006	N/A	N/A	N/A	N/A
2005	N/A	N/A	N/A	N/A
2004	N/A	N/A	N/A	N/A
2003	N/A	N/A	N/A	N/A
2002	N/A	N/A	N/A	N/A
2001	N/A	N/A	N/A	N/A
2000	N/A	N/A	N/A	N/A
1999	N/A	N/A	N/A	N/A

RANK IN CATEGORY (BY TOTAL RETURN)

Period	Rank	Funds in Category	% Rank
Year To Date	35	196	17.86
1-Month	28	235	11.91
3-Month	66	229	28.82
6-Month	68	209	32.54
1-Year	35	190	18.42
3-Year	12	112	10.71
5-Year		65	N/A

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