Highland Long/Short Healthcare Fund Class Z (HHCZX)

12.04
Net Asset Value
+0.25%
1 Day
-3.68%
Year-to-Date
Overall Morningstar Rating
Long-short equity
Style or Category
No Load
Sales Expenses
2.45%
Expense Ratio
High
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-4.90% 3 years-7.47%
3 months+1.92% 5 years+5.50%
1 year+3.57% Since inception+5.08%
Data through --

Peer Comparisonvs. Long-short equity

 HHCZXCategory
Performance 5-yr return+5.50%+6.23%
Expense ratio2.45%1.89%
Risk 5 year sharpe ratio0.460.79
Net assets$79.0M$344.8M
Average market cap$4.4B$45.5B
Average P/E--20.0
Portfolio turnover964%964%

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Fund Management and Purchase Info

Fund familyHighland Funds
Fund manager & tenureMichael Gregory / 7 Years
Minimal initial investment$2,500.00
Minimum IRA investment$50.00

Holdings

U.S. stock84.11%
International stock14.53%
Fixed income1.36%
Cash0.00%
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
ANTM WellPoint10.78%
HUM Humana Inc10.22%
NERV Minerva Neurosciences Inc9.02%
XLV Health Care Select Sector SPDR® Fund8.82%
-- 8.40%
SHPG Shire5.90%
LHCG LHC Group Inc5.80%
IWM iShares Russell 2000 ETF5.71%
SYK Stryker Corp4.89%
-- 4.65%