Highland Long/Short Healthcare Fund Class A (HHCAX)

Net Asset Value
1 Day
Overall Morningstar Rating
Long/short equity
Style or Category
Sales Expenses
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.


1 month+2.10% 3 years+11.70%
3 months+2.48% 5 years+10.87%
1 year+3.89% Since inception+9.48%
Data through --

Peer Comparisonvs. Long/short equity

Performance 5-yr return+10.87%+6.85%
Expense ratio2.55%1.90%
Risk 5 year sharpe ratio0.820.73
Net assets$383.3M$418.1M
Average market cap$4.1B$39.2B
Average P/E28.717.8
Portfolio turnover538%538%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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


U.S. stock46.98%
International stock11.98%
Fixed income1.61%
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 AbbVie Inc5.14%
EXAM ExamWorks Group Inc4.37%
HCA HCA Holdings Inc3.79%
CLVS Clovis Oncology Inc3.55%
ACT Actavis PLC3.43%
ACHC Acadia Healthcare Co Inc2.92%
AKRX Akorn Inc2.80%
ALKS Alkermes PLC2.80%
HRC Hill-Rom Holdings Inc2.80%
JNJ Johnson & Johnson2.66%

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.