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Highland Long/Short Equity Z (HEOZX) Fund Ranking and Research

Ranking, Research and Recommendation of Highland Long/Short Equity Z (HEOZX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Highland Long/Short Equity Z Fund (HEOZX) ManagerFund Manager - Jonathan Lamensdorf

Fund Manager Information

Fund Manager Tenure: 11.3 years
Similar Funds: HEOAX  HEOCX 
Fund Family: Highland Funds
Fund Category: Long-Short Equity
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.67)     (What does this score mean?)
Lamensdorf is a portfolio manager. Prior to joining Highland in 2008, he most recently spent four years as a Senior Equity Research Analyst at Walker Smith Capital. Before that, Lamensdorf worked for four years as a Senior Equity Analyst. He also worked in equity trading at Merrill Lynch and in equity research at Lehman Brothers.  Get more insights on Jonathan Lamensdorf

 

Graph of Highland Long/Short Equity Z Fund (HEOZX) ProfileHighland Long/Short Equity Z Fund (HEOZX) Profile

Fund Profile and Description

Highland Long/Short Equity Z Fund seeks consistent, above-average total returns. Highland Long/Short Equity Z Fund normally invests at least 80% of the value of total 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. Highland Long/Short Equity Z Fund may invest up to 50% of the value of total 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. Highland Long/Short Equity Z Fund is non-diversified.

 

Highland Long/Short Equity Z (HEOZX) Fund Strength What we like about Highland Long/Short Equity Z (HEOZX) Fund

Data for Highland Long/Short Equity Z Fund (HEOZX) as of May 30, 2016

  • Highland Long/Short Equity Z Fund (HEOZX) management has been with Highland Long/Short Equity Z Fund for 11.3 years
  • Highland Long/Short Equity Z Fund (HEOZX) has good mid-term performance (3-year return 4.72% vs 2.72% Long-Short Equity category median performance)
  • Highland Long/Short Equity Z Fund (HEOZX) has good Long-term performance (5-year return 3.88% vs 2.87% Long-Short Equity category median performance)
  • Highland Long/Short Equity Z Fund (HEOZX) ratio of up-years vs down years is greater than 2
  • Highland Long/Short Equity Z Fund (HEOZX) is less volatile than its peers as it has a 3-year Standard Deviation of 7.96, lower than category average of 8.81
  • Highland Long/Short Equity Z Fund (HEOZX) has a lower expense ratio than its Long-Short Equity average: 1.49% vs 1.90%
  • Highland Long/Short Equity Z Fund (HEOZX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Highland Long/Short Equity Z Fund (HEOZX) Weakness What we are cautious about Highland Long/Short Equity Z (HEOZX) Fund

Data for Highland Long/Short Equity Z Fund (HEOZX) as of May 30, 2016

  • Highland Long/Short Equity Z Fund (HEOZX) has a less-than-ideal short-term performance (1-year return -5.72% vs -3.77% Long-Short Equity category median performance)
  • Highland Long/Short Equity Z Fund (HEOZX) has a Morningstar rating of 3 and below
  • Highland Long/Short Equity Z Fund (HEOZX) has an annual stock turnover rate of 414.00% that is higher than the Long-Short Equity average of 218.72%. This could mean Highland Long/Short Equity Z is more nimble, but also signal potential high tax impact and high trading fees
  • Asset base in Highland Long/Short Equity Z Fund (HEOZX) has been consistently decreasing in the last 2 months. It shows lacks of investor confidence and market support
See Highland Long/Short Equity Z Fund (HEOZX) performance details as of May 30, 2016

 

What do you think?

 

Compare Highland Long/Short Equity Z Fund (HEOZX)Compare with other top Long-Short Equity category mutual funds

Aadditional top Long-Short Equity mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Highland Long/Short Equity Z-0.17-5.724.723.88
Boston Partners Long/Short Equity Instl (BPLSX)11.4912.095.377.58Compare
Burnham Financial Long/Short A (BURFX)-4.536.8212.4710.68Compare
Diamond Hill Long-Short A (DIAMX)2.27-1.425.517.22Compare

See top fund managers for Long-Short Equity Category Funds

 

Graph of Highland Long/Short Equity Z Fund (HEOZX) Net Asset TrackingHighland Long/Short Equity Z (HEOZX) Fund Net Asset

Track net asset change of Highland Long/Short Equity Z fund (HEOZX)

DateNet Asset
05/2016$716.71M
03/2016$776.06M
02/2016$792.68M
More historic net asset information on Highland Long/Short Equity Z Fund (HEOZX)

  

Graph of Highland Long/Short Equity Z Fund (HEOZX) Portfolio TrackingHighland Long/Short Equity Z (HEOZX) Fund Portfolio Allocation

Track portfolio allocation change of Highland Long/Short Equity Z fund (HEOZX)

DateCashStockBondOther
12/201532.06%62.92%0%5.02%
09/201544.01%55.87%0%0.12%
06/201515.78%84.22%0%0%
Click here to see more historic asset allocation information on Highland Long/Short Equity Z Fund (HEOZX)

 

graph of Highland Long/Short Equity Z Fund (HEOZX) Top 10 Position TrackingTop 10 Holdings in Highland Long/Short Equity Z (HEOZX) Fund

Discover what Highland Long/Short Equity Z Fund (HEOZX) manager is buying

Dec 30, 2015
CIT Group Inc (DEL) Common Stoc [4.46%]
CDK Global, Inc. [3.85%]
Alphabet Inc. [3.54%]
Norwegian Cruise Line Holdings [3.16%]
The Kraft Heinz Company [2.64%]
Facebook, Inc. [2.47%]
Amazon.com, Inc. [2.46%]
Allergan plc Ordinary Shares [2.35%]
Pioneer Natural Resources Compa [2.15%]
Danaher Corporation Common Stoc [2.12%]

Sep 29, 2015
CIT Group Inc (DEL) Common Stoc [4.09%]
CDK Global, Inc. [3.84%]
Facebook, Inc. [3.68%]
Burlington Stores, Inc. Common [3.57%]
Cognizant Technology Solutions [2.66%]
SBA Communications Corporation [2.51%]
Royal Caribbean Cruises Ltd. Co [2.41%]
Amazon.com, Inc. [2.37%]
AutoZone, Inc. Common Stock [2.37%]
Visa Inc. [2.32%]

Jun 29, 2015
VALEANT PHARMACEUTICALS INTL IN [8.64%]
Apple Inc. [7.05%]
CIT Group Inc (DEL) Common Stoc [6.06%]
Allergan PLC [5.87%]
Facebook, Inc. [5.67%]
Burlington Stores, Inc. Common [4.36%]
S+p500 Emini Fut Sep15 Xcme 20150918 [4.31%]
FNF Group of Fidelity National [4.17%]
Cognizant Technology Solutions [4.1%]
H&R Block, Inc. Common Stock [4.09%]
Click here for Stock Holding Change Map in Highland Long/Short Equity Z Fund (HEOZX)

  

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Highland Long/Short Equity Z Fund (HEOZX) Related ResourcesSee more information on Highland Long/Short Equity Z (HEOZX) Fund

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