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Highland Funds II - Highland Socially Responsible Equity Fund (HPECX)

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Highland Funds II - Highland Socially Responsible Equity Fund

Highland Funds II

13455 Noel Road, Suite 800

Dallas, TX 75420

877-665-1287
Management information
James D. Dondero,Lead manager since 31 January 2016
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.
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryLarge Growth
Fund familyHighland Funds
Net assets65.75M
YTD return3.69%
Yield0.00%
Morningstar rating★
Inception date29 Sept 1999

Fund operations

Last dividend0.09
Last cap gain0.00
Holdings turnover642.00%
Average for categoryN/A

Fees and expenses

ExpenseHPECXCategory average
Annual report expense ratio (net)2.57%0.99%
Prospectus net expense ratio2.57%N/A
Prospectus gross expense ratio2.57%N/A
Max 12b1 fee1.00%N/A
Max front end sales loadN/A5.36%
Max deferred sales load1.00%1.33%
3-yr expense projection799N/A
5-yr expense projection1,365N/A
10-yr expense projection2,905N/A