Highland Equity Opportunities Fund — new fund registration

Highland Funds I registered 1 new fund series on Form N-1A, filed 2006-03-14. Featured series: Highland Equity Opportunities Fund.

Registration

Registrant / trust: Highland Funds I
CIK: 0001354917
Form: N-1A
Filed: 2006-03-14
State of incorporation: DE
Accession: 0001341004-06-000718
Reported net assets: $52.2M

Series & classes (1)

Series	Class	Ticker	New
Highland Equity Opportunities Fund	Class A, Class C, Class Z	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 4.02%
Management fee: 2.25%
Net expense ratio: 2.77%
Other expenses: 1.74%

Investment objective

The investment objective of Highland Long/Short Equity Fund (“Long/Short Equity Fund” or the “Fund”) is to seek consistent, above-average total returns primarily through capital appreciation, while also attempting to preserve capital and mitigate risk through hedging activities.

Advisers

Highland Capital Management Fund Advisors, L.P. (Advisor)