Highland Small Cap Equity Fund (HSZYX)
The fund seeks to achieve its investment objective by investing at least 80% of its net assets under normal circumstances in equity securities, such as common and preferred stocks, of small-cap companies, plus borrowing for investment purposes. The manager defines a small-cap company as one with a market capitalization that falls between (a) the bottom range of the S&P Small-Cap 600 Index ("Small-Cap 600 Index") and (b) the greater of either the top range of the Small-Cap 600 Index or $6.5 billion.
Fund Info
US43090E7610
43090E761
Sep 30, 1998
$0
Small-Cap
Blend
Expense Ratio
HSZYX has a high expense ratio of 1.24%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Highland Small Cap Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Highland Small Cap Equity Fund had a return of 0.16% year-to-date (YTD) and 3.74% in the last 12 months. Over the past 10 years, Highland Small Cap Equity Fund had an annualized return of -8.10%, while the S&P 500 had an annualized return of 11.31%, indicating that Highland Small Cap Equity Fund did not perform as well as the benchmark.
HSZYX
0.16%
-3.60%
3.74%
3.74%
-12.01%
-8.10%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of HSZYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.96% | 0.16% | |||||||||||
| 2024 | -4.66% | -1.73% | 3.69% | -1.55% | 5.97% | -4.90% | 2.65% | -3.50% | 5.20% | -1.20% | 5.15% | -5.98% | -1.88% |
| 2023 | 5.09% | -1.79% | -2.99% | -2.54% | -2.20% | 1.54% | 2.49% | -5.67% | -7.30% | -7.56% | 4.01% | 6.74% | -10.86% |
| 2022 | 0.45% | 2.71% | 1.32% | -3.69% | -1.24% | -6.74% | 3.18% | -0.71% | -9.92% | 2.92% | 2.32% | -6.04% | -15.32% |
| 2021 | -0.78% | 2.05% | 11.75% | 7.05% | 2.71% | -0.13% | -2.02% | 6.43% | -1.33% | 4.41% | -1.76% | 5.13% | 37.87% |
| 2020 | -5.64% | -14.58% | -42.57% | 21.87% | 4.66% | -10.08% | -1.31% | -9.59% | -21.86% | -1.67% | 21.23% | 13.42% | -49.95% |
| 2019 | 13.16% | 6.19% | 0.57% | 1.91% | -3.54% | 5.32% | -4.78% | -5.74% | 3.20% | -0.00% | 2.88% | -7.24% | 10.60% |
| 2018 | 4.42% | 0.13% | -1.65% | 9.06% | 2.28% | -0.12% | 2.53% | -0.41% | -8.67% | -4.97% | 0.68% | -21.00% | -19.25% |
| 2017 | 2.94% | 4.28% | 1.24% | 1.48% | -2.00% | 6.61% | 0.52% | -5.31% | 1.03% | -4.22% | 1.95% | -10.17% | -2.78% |
| 2016 | -8.31% | 2.01% | 12.57% | 11.96% | 1.57% | -5.68% | 9.14% | 1.91% | 1.34% | -6.00% | 6.74% | -0.82% | 26.66% |
| 2015 | -3.89% | 7.55% | 0.64% | -1.90% | 0.71% | 2.06% | -1.45% | -5.30% | -6.54% | 2.02% | 0.28% | -16.01% | -21.39% |
| 2014 | -2.77% | 3.68% | -0.12% | -2.37% | 2.11% | 5.01% | -4.23% | 3.49% | -4.99% | 5.07% | -0.18% | -8.51% | -4.78% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HSZYX is 9, meaning it’s performing worse than 91% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Highland Small Cap Equity Fund (HSZYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Highland Small Cap Equity Fund provided a 1.78% dividend yield over the last twelve months, with an annual payout of $0.11 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.11 | $0.11 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.12 |
Dividend yield | 1.78% | 1.78% | 0.00% | 0.00% | 0.00% | 1.31% | 0.00% | 0.00% | 0.43% | 0.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Highland Small Cap Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2016 | $0.12 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Highland Small Cap Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Highland Small Cap Equity Fund was 75.08%, occurring on Oct 19, 2020. The portfolio has not yet recovered.
The current Highland Small Cap Equity Fund drawdown is 62.65%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -75.08% | Dec 6, 2006 | 3488 | Oct 19, 2020 | — | — | — |
| -30.09% | May 3, 2002 | 215 | Mar 12, 2003 | 198 | Dec 23, 2003 | 413 |
| -16.9% | Dec 22, 2004 | 79 | Apr 15, 2005 | 201 | Feb 1, 2006 | 280 |
| -16.56% | Apr 20, 2006 | 64 | Jul 21, 2006 | 94 | Dec 4, 2006 | 158 |
| -15.92% | Jul 2, 2001 | 53 | Sep 21, 2001 | 51 | Dec 4, 2001 | 104 |
Volatility
Volatility Chart
The current Highland Small Cap Equity Fund volatility is 4.27%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.