Highland Long/Short Equity Z
Highland Trust 13455 Noel Road, Suite 800 Dallas, Texas 75240
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Phone: 877-665-1287
| Category: | Long-Short | | Fund Family: | Highland Funds | | Net Assets: | 1.19M | | Year-to-Date Return: | 14.89% | | Yield: | 0.07% | | Morningstar Rating: | N/A | | Fund Inception Date: | 05-Dec-06 |
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James Dondero
Lead Manager since
05-Dec-06 | | | Dondero is a founder and president of Highland. Formerly, he served as chief investment officer of Protective Lifes GIC subsidiary and helped grow the business from concept to over $2 billion between 1989 and 1993. From 1985 to 1989, Dondero managed approximately $1 billion in fixed income funds for American Express. Prior to American Express, he completed his financial training at Morgan Guaranty Trust Company. Dondero holds the Certified Public Accountant and Chartered Financial Analyst designations. |
| Min Initial Investment: | $5,000 | | Min Initial Investment, IRA: | $25 | | Min Initial Investment, AIP: | $5,000 | | Min Subsequent Investment: | $1,000 | | Min Subsequent Investment, IRA: | $25 | | Min Subsequent Investment, AIP: | $200 |
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| The investment seeks consistent, above-average total returns. The fund normally circumstances at least 80% of assets in equity securities. It may invest up 20% of the value of assets in a wide variety of other U.S. and non-U.S. non-equity securities and financial instruments. The fund may invest any percentage of assets in securities of non-U.S. issuers, including emerging market issuers. It generally takes long and short positions in equity securities and may vary long-short exposure over time based on the assessment of market conditions and other factors. The fund is nondiversified. |
| Last Dividend
(30-Dec-08):
| 0.01 | | Last Cap Gain
(28-Dec-07):
| 0.38 | | Annual Holdings Turnover
| YFT_NOT_APPLICABLE_ABBREVIATION | | Average for Category:
| 347.16% |
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| Expense | HEOZX | Category
Avg | | Total Expense Ratio: | 2.96%
| 2.13% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 5.48% | | Max Deferred Sales Load: | %
| 1.96% | | 3 Yr Expense Projection*: |
$ 1,278 | $1,062 | | 5 Yr Expense Projection*: |
$ 2,147 | $1,747 | | 10 Yr Expense Projection*: |
$ 4,380 | $3,433 |
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