HSZAX — Highland Small-Cap Equity Fund
Data updated: 2025-08-29
HSZAX — Highland Small-Cap Equity Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Mid Cap Blend / Core Equity · $5.74M AUM · 1.75% expense ratio · 4.2% 1-yr return. From SEC regulatory filings.
HSZAX Fund Overview
HSZAX — Highland Small-Cap Equity Fund is a US mutual fund managed by Nexpoint Funds II, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Nexpoint Funds II
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $5.74M
- 1-year return: 4.2%
- Ticker: HSZAX
- SEC CIK: 0000891079
- SEC series ID: S000001623
- Share class ID: C000004396
HSZAX Holdings
Top 10 holdings of Highland Small-Cap Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| RWE Aktiengesellschaft | 7.50% |
| Clearway Energy, Inc. | 6.75% |
| Ressources Teck Limitee | 5.32% |
| Chart Industries, Inc. | 4.92% |
| Ecovyst Inc. | 4.78% |
| Energy Transfer LP | 4.52% |
| Brookfield Renewable Partners L.P. | 4.27% |
| Clean Harbors, Inc. | 4.03% |
| Smurfit Westrock Public Limited Company | 4.01% |
| International Paper Company | 3.94% |
HSZAX Portfolio Allocation
Asset-class allocation of Highland Small-Cap Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 89.4% |
| Cash & Equivalents | 31.6% |
| Fixed Income | 0.1% |
HSZAX Performance
Total returns for HSZAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.2% |
| 3 years (annualised) | -6.7% |
| 5 years (annualised) | -0.6% |
HSZAX Risk Information
Risk metrics for HSZAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.1%
HSZAX Costs and Fees
HSZAX costs about $175 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.75%
- Gross expense ratio: 6.23%
- Portfolio turnover: 65%
- Brokerage commissions: 35.87 bps of average net assets (SEC N-CEN)
HSZAX Cashflows
Over the 12 months to 2025-06, Highland Small-Cap Equity Fund had net outflows of $1.24M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-06 | −$86.55K |
| 2025-05 | −$34.49K |
| 2025-04 | −$13.72K |
| 2025-03 | −$147.61K |
| 2025-02 | −$227.11K |
| 2025-01 | −$24.32K |
HSZAX Debt Constituents
Largest debt holdings of Highland Small-Cap Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Sunnova Energy International Inc. | 0.08% |
HSZAX Prospectus and SEC Filings
Official Highland Small-Cap Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.