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HEOAX Highland Long/Short Equity A

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Fund HEOAX Highland Long/Short Equity A HHQAX Hancock Horizon Quant Long/Short Inv  
100% 87%
Annual Fees
(1.81% Exp. Ratio)
(1.67% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 3.88% annual return
$18,109.79 $18,900.65
Est. savings over 30 yrs +$790.86
As of 12/31/16
1 YR RETURN 0.09%
3 YR -0.49%
5 YR 4.31%
10 YR 3.76%
1 YR RETURN 3.31%
3 YR 3.97%
5 YR 8.74%
10 YR --
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 seeks to achieve its investment objective by investing at least 80% of the value of its total assets (net assets plus the amount of any borrowings for investment purposes) under normal circumstances in equity securities. It is non-diversified.
The investment seeks long-term capital appreciation. The fund seeks long-term capital appreciation by taking long and short positions in equity securities of publicly-traded companies in the United States. Using a quantitative model developed by the Adviser, it buys stocks "long" that the Adviser believes are undervalued relative to their peers, and sells stocks "short" that the Adviser believes are overvalued relative to their peers. The fund typically maintains a net long exposure of approximately 45-115% and the Adviser expects that, on average, 0-35% of its assets will be sold "short."

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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