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Highland Long/Short Healthcare Fund Class Z (HHCZX)

11.94
Net Asset Value
-1.08%
1 Day
+2.75%
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-1.23% 3 years-5.74%
3 months-1.79% 5 years+5.24%
1 year+0.84% Since inception+4.81%
Data through --

Peer Comparisonvs. Long-short equity

 HHCZXCategory
Performance 5-yr return+5.24%+5.71%
Expense ratio2.45%1.91%
Risk 5 year sharpe ratio0.400.79
Net assets$84.4M$311.6M
Average market cap$4.6B$40.0B
Average P/E--17.4
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. stock60.19%
Cash24.35%
International stock10.70%
Other3.51%
Fixed income1.25%
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 WellPoint8.16%
HUM Humana Inc7.73%
NERV Minerva Neurosciences Inc6.82%
XLV Health Care Select Sector SPDR® Fund6.67%
-- 6.35%
SHPG Shire4.47%
LHCG LHC Group Inc4.39%
IWM iShares Russell 2000 ETF4.32%
SYK Stryker Corp3.70%
-- 3.52%