Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
2.16% 23.34M 0.00% 168.0%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
4.812M -24.36% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks long-term capital appreciation. The fund seeks to primarily invest in equity, debt, and/or derivative securities of companies that the Adviser expects to benefit from an event catalyst. The fund may invest significantly in the common stock of and other interests (e.g., warrants) in special purpose acquisition companies or similar special purpose entities that pool funds to seek potential acquisition opportunities (collectively, “SPACs”). It is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol HHCZX
Equity Style Small Cap/Growth
Fixed Income Style --
Broad Asset Class Nontraditional Equity
Broad Category Equity
Category Name Long-Short Equity
Category Index MSCI ACWI NR USD
Prospectus Objective Growth and Income
Fund Owner Firm Name Highland Funds
Prospectus Benchmark Index
S&P 500 TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
James Dondero 4.18 yrs
Scott Johnson 0.07 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 28
4.812M
-496.54M Category Low
548.63M Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of May 31, 2022

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of June 29, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
-6.74%
-15.05%
8.33%
12.40%
10.88%
21.67%
-17.59%
-8.26%
1.38%
11.96%
21.83%
-4.38%
31.49%
18.40%
28.71%
-19.27%
1.10%
-1.16%
6.67%
1.95%
8.67%
2.85%
1.13%
-4.05%
-2.59%
5.58%
8.31%
2.29%
6.96%
6.95%
5.82%
-3.61%
--
--
8.43%
-6.68%
13.08%
10.28%
-1.45%
-9.17%
-5.33%
6.01%
11.76%
-10.22%
10.77%
21.64%
12.17%
-16.16%
As of June 29, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (6-29-22) 0.00%
30-Day SEC Yield (6-22-22) Upgrade
7-Day SEC Yield (6-29-22) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio --
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of September 30, 2021

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of September 30, 2021

Asset Allocation

As of September 30, 2021.
Type % Net % Long % Short
Cash 4.62% Upgrade Upgrade
Stock 95.38% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Berkeley Lights Inc Ordinary Shares 8.61% 4.89 1.24%
Samsung BioLogics Co Ltd
7.88% -- --
NextCure Inc 7.86% 4.77 -1.45%
Convey Health Solutions Holdings Inc Ordinary Shares 7.44% 10.38 -0.19%
Dreyfus Treasury Obligations Csh Mgt Ins 4.96% 1.00 0.00%
Natera Inc 4.19% 36.46 -1.13%
Sorrento Therapeutics Inc 4.10% 2.02 1.51%
Singular Genomics Systems Inc 4.08% 3.84 1.86%
AbbVie Inc 4.05% 153.45 -0.45%
uniQure NV 4.01% 18.61 0.76%

Fees & Availability

Fees
Actual 12B-1 Fee Upgrade
Actual Management Fee Upgrade
Administration Fee Upgrade
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load Upgrade
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks long-term capital appreciation. The fund seeks to primarily invest in equity, debt, and/or derivative securities of companies that the Adviser expects to benefit from an event catalyst. The fund may invest significantly in the common stock of and other interests (e.g., warrants) in special purpose acquisition companies or similar special purpose entities that pool funds to seek potential acquisition opportunities (collectively, “SPACs”). It is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol HHCZX
Equity Style Small Cap/Growth
Fixed Income Style --
Broad Asset Class Nontraditional Equity
Broad Category Equity
Category Name Long-Short Equity
Category Index MSCI ACWI NR USD
Prospectus Objective Growth and Income
Fund Owner Firm Name Highland Funds
Prospectus Benchmark Index
S&P 500 TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
James Dondero 4.18 yrs
Scott Johnson 0.07 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (6-29-22) 0.00%
30-Day SEC Yield (6-22-22) Upgrade
7-Day SEC Yield (6-29-22) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio --
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of September 30, 2021

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of September 30, 2021

Fund Details

Key Dates
Inception Date 5/5/2008
Last Annual Report Date 6/30/2021
Last Prospectus Date 1/16/2022
Share Classes
HHCCX C
HHCZX Inst
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No

Top Portfolio Holders

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