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HEOCX Highland Long/Short Equity C

3 lower fee alternatives found

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Fund HEOCX Highland Long/Short Equity C HHQAX Hancock Horizon Quant Long/Short Inv LGNMX Logan Capital Long/Short Investor  
Similarity
?
100% 86% 87%
Annual Fees
?
$255.47
(2.46% Exp. Ratio)
$173.43
(1.67% Exp. Ratio)
$209.77
(2.02% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 3.85% annual return
$14,703.28 $18,728.92 $16,828.86
Est. savings over 30 yrs +$4,025.64 +$2,125.58
Return
As of 11/30/16
1 YR RETURN -1.61%
3 YR 0.47%
5 YR 4.05%
10 YR --
1 YR RETURN 0.53%
3 YR 3.90%
5 YR 8.47%
10 YR --
1 YR RETURN -0.36%
3 YR 5.63%
5 YR --
10 YR --
Description
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."
The investment seeks long-term capital appreciation. The advisor employs a "long/short" investment strategy to attempt to achieve capital appreciation and manage risk by purchasing stocks believed by the Advisor to be undervalued and selling short stocks believed by the Advisor to be overvalued. It invests primarily in equity securities that are traded on U.S. securities exchanges. Equity securities in which the fund may invest include common stocks, preferred stocks, American Depositary Receipts ("ADRs"), rights and warrants, and may include securities of companies that are offered pursuant to an initial public offering ("IPO").

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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.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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