HSZYX: Highland Small Cap Equity Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.16

-

1.05%

$0.08

2.12%

Vitals

YTD Return

27.7%

1 yr return

36.9%

3 Yr Avg Return

-14.5%

5 Yr Avg Return

-2.7%

Net Assets

$15.4 M

Holdings in Top 10

79.3%

52 WEEK LOW AND HIGH

$8.07
$4.42
$8.40

Expenses

OPERATING FEES

Expense Ratio 2.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 15.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Small Blend


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.16

-

1.05%

$0.08

2.12%

HSZYX - Profile

Distributions

  • YTD Total Return 27.7%
  • 3 Yr Annualized Total Return -14.5%
  • 5 Yr Annualized Total Return -2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.08%
DIVIDENDS
  • Dividend Yield 1.1%
  • 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
    274702
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Dondero

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 $6.5 billion.


HSZYX - Performance

Return Ranking - Trailing

Period HSZYX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.7% -71.3% 152.4% 4.22%
1 Yr 36.9% 0.0% 104.9% 93.99%
3 Yr -14.5%* -15.4% 20.8% 99.69%
5 Yr -2.7%* -3.7% 19.9% 99.67%
10 Yr 5.3%* 4.2% 15.5% 99.60%

* Annualized

Return Ranking - Calendar

Period HSZYX Return Category Return Low Category Return High Rank in Category (%)
2020 -50.6% -51.0% 110.8% 99.69%
2019 10.6% -54.6% 350.1% 93.40%
2018 -19.3% -67.3% 3.3% 41.97%
2017 -3.2% -62.9% 36.3% 91.61%
2016 25.7% -3.5% 34.1% 5.19%

Total Return Ranking - Trailing

Period HSZYX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.7% -71.7% 152.4% 4.22%
1 Yr 36.9% 0.0% 104.9% 91.63%
3 Yr -14.5%* -16.4% 20.8% 99.69%
5 Yr -2.7%* -4.1% 19.9% 99.68%
10 Yr 5.3%* 4.2% 15.5% 99.60%

* Annualized

Total Return Ranking - Calendar

Period HSZYX Return Category Return Low Category Return High Rank in Category (%)
2020 -50.6% -51.0% 110.8% 99.69%
2019 10.6% -54.6% 350.1% 93.40%
2018 -19.3% -67.1% 3.3% 60.70%
2017 13.7% -17.6% 52.6% 27.92%
2016 32.0% -3.5% 34.1% 1.45%

NAV & Total Return History


HSZYX - Holdings

Concentration Analysis

HSZYX Category Low Category High HSZYX % Rank
Net Assets 15.4 M 456 K 139 B 97.02%
Number of Holdings 64 2 2489 84.71%
Net Assets in Top 10 4.73 M 3 K 4.74 B 92.21%
Weighting of Top 10 79.27% 2.5% 85.7% 0.75%

Top 10 Holdings

  1. Zoom Video Communications Inc 12.62%
  2. MPM HOLDINGS ESCROW 10.89%
  3. MPM HOLDINGS ESCROW 10.89%
  4. MPM HOLDINGS ESCROW 10.89%
  5. MPM HOLDINGS ESCROW 10.89%
  6. MPM HOLDINGS ESCROW 10.89%
  7. MPM HOLDINGS ESCROW 10.89%
  8. MPM HOLDINGS ESCROW 10.89%
  9. MPM HOLDINGS ESCROW 10.89%
  10. MPM HOLDINGS ESCROW 10.89%

Asset Allocation

Weighting Return Low Return High HSZYX % Rank
Stocks
56.21% 2.01% 100.44% 99.12%
Cash
17.41% -83.89% 55.66% 1.03%
Other
15.70% -5.42% 15.70% 0.29%
Preferred Stocks
9.90% 0.00% 9.90% 0.29%
Bonds
0.77% 0.00% 77.17% 2.21%
Convertible Bonds
0.00% 0.00% 2.02% 34.41%

Stock Sector Breakdown

Weighting Return Low Return High HSZYX % Rank
Real Estate
22.59% 0.00% 22.59% 0.30%
Healthcare
22.47% 0.45% 47.71% 1.34%
Financial Services
20.76% 0.00% 39.73% 13.80%
Technology
10.80% 0.00% 47.58% 87.69%
Energy
8.08% 0.00% 16.49% 0.89%
Industrials
3.94% 3.94% 43.08% 99.85%
Consumer Cyclical
3.88% 0.00% 48.51% 97.77%
Basic Materials
3.12% 0.00% 26.55% 89.91%
Communication Services
2.32% 0.00% 16.28% 58.46%
Utilities
2.03% 0.00% 18.50% 46.59%
Consumer Defense
0.00% 0.00% 12.82% 99.55%

Stock Geographic Breakdown

Weighting Return Low Return High HSZYX % Rank
US
40.07% 1.99% 100.00% 99.41%
Non US
16.14% 0.00% 38.12% 1.91%

Bond Sector Breakdown

Weighting Return Low Return High HSZYX % Rank
Cash & Equivalents
59.24% 0.00% 100.00% 95.59%
Corporate
40.11% 0.00% 100.00% 2.74%
Government
0.42% 0.00% 98.33% 3.81%
Securitized
0.23% 0.00% 5.73% 3.04%
Derivative
0.00% 0.00% 99.98% 32.88%
Municipal
0.00% 0.00% 0.14% 33.18%

Bond Geographic Breakdown

Weighting Return Low Return High HSZYX % Rank
US
0.64% 0.00% 67.94% 2.06%
Non US
0.13% 0.00% 29.33% 1.32%

HSZYX - Expenses

Operational Fees

HSZYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.12% 0.01% 4.53% 3.74%
Management Fee 0.95% 0.00% 4.05% 90.15%
12b-1 Fee N/A 0.00% 1.00% 9.09%
Administrative Fee N/A 0.01% 0.47% 78.57%

Sales Fees

HSZYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HSZYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

HSZYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 0.00% 398.00% 4.52%

HSZYX - Distributions

Dividend Yield Analysis

HSZYX Category Low Category High HSZYX % Rank
Dividend Yield 1.05% 0.00% 2.00% 0.44%

Dividend Distribution Analysis

HSZYX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

HSZYX Category Low Category High HSZYX % Rank
Net Income Ratio 0.08% -4.17% 2.67% 65.09%

Capital Gain Distribution Analysis

HSZYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

HSZYX - Fund Manager Analysis

Managers

James Dondero


Start Date

Tenure

Tenure Rank

Jul 01, 2015

6.17

6.2%

Mr. Dondero is also the co-founder and President of Highland, founder and President of NexPoint Advisors, L.P., Chairman of the board of directors, Chief Executive Officer and member of the investment committee of NXRT, President of NexPoint Capital, Inc., President of NMCT, director for American Banknote Corporation, director for Metro-Goldwyn-Mayer, director for Jernigan Capital, Inc., Chairman of the board of directors for Cornerstone Healthcare, Chairman of the board of directors for CCS Medical, and Chairman of NexBank, an affiliated bank that is majority owned by Mr. Dondero. Mr. Dondero has over 30 years of experience investing in credit and equity markets and has helped pioneer credit asset classes. Prior to founding Highland Capital Management in 1993, Mr. Dondero served as Chief Investment Officer of Protective Life’s GIC subsidiary and helped grow the business between 1989 and 1993. His portfolio management experience includes mortgage-backed securities, investment grade corporates, leveraged bank loans, high-yield bonds, emerging market debt, real estate, derivatives, preferred stocks and common stocks. From 1985 to 1989, he managed in fixed income funds for American Express. Mr. Dondero received a BS in Commerce (Accounting and Finance) from the University of Virginia, and is a Certified Managerial Accountant and a Chartered Financial Analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 48.87 6.94 1.83