Highland Long/Short Healthcare Fund Class A (HHCAX)

15.87
Net Asset Value
+0.44%
1 Day
+7.30%
Year-to-Date
Overall Morningstar Rating
Long/short equity
Style or Category
5.5
Sales Expenses
2.55%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective by investing at least 80% of the value of its total assets (net assets plus any borrowings for investment purposes) under normal circumstances in securities of companies principally engaged in the design, development, production, sale, management or distribution of products, services or facilities used for or in connection with healthcare or medicine ("healthcare companies"). It is non-diversified.

Performance

1 month+4.77% 3 years+13.66%
3 months+10.31% 5 years+11.09%
1 year+5.52% Since inception+9.53%
Data through --

Peer Comparisonvs. Long/short equity

 HHCAXCategory
Performance 5-yr return+11.09%+6.85%
Expense ratio2.55%1.90%
Risk 5 year sharpe ratio0.840.75
Net assets$425.7M$379.0M
Average market cap$4.1B$36.2B
Average P/E28.717.4
Portfolio turnover538%538%

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Fund Management and Purchase Info

Fund familyHighland Funds
Fund manager & tenureMichael Gregory / 4 Years
Minimal initial investment$2,500.00
Minimum IRA investment$50.00

Holdings

U.S. stock46.98%
Cash39.43%
International stock11.98%
Fixed income1.61%
Other0.00%
Top 5 Sectors
Portfolio weighting
Healthcare 94.68%
Hardware 2.03%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Top 10 Holdings
Portfolio weighting
ABBV AbbVie5.14%
EXAM ExamWorks Group Inc4.37%
HCA HCA Holdings Inc3.79%
CLVS Clovis Oncology Inc3.55%
ACT Actavis3.43%
ACHC Acadia Healthcare Company Inc2.92%
AKRX Akorn Inc2.80%
ALKS Alkermes Plc2.80%
HRC Hill-Rom Holdings Inc2.80%
JNJ Johnson & Johnson2.66%

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