3 / 5 Stars
3 3 5 3 2
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 98 Long/Short Equity Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 16.42 percent over the past year, 6.66 percent over the past three years, and 7.87 percent over the past five years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||16.4%|
|3 Years (Annualized)||6.7%|
|5 Years (Annualized)||7.9%|
|10 Years (Annualized)||N/A|
The investment seeks consistent, above-average total returns primarily through capital appreciation, while also attempting to preserve capital and mitigate risk through hedging activities. The fund normally invests at least 80% of the value of its total assets (net assets plus the amount of any borrowings for investment purposes) in equity securities. Equity securities of U.S. or non-U.S. issuers in which the fund may invest include common stocks, preferred stocks, convertible securities, depositary receipts, warrants to buy common stocks and "derivatives" on any of the foregoing securities. It is non-diversified.
Fees are Above Average compared to funds in the same category.
Highland Long/Short Equity Fund has an expense ratio of 1.88 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.