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Highland Long/Short Healthcare Fund Class Z (HHCZX)

Net Asset Value
1 Day
Overall Morningstar Rating
Long-short equity
Style or Category
No Load
Sales Expenses
Expense Ratio
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-6.92% 3 years-6.75%
3 months+2.97% 5 years+3.90%
1 year-6.38% Since inception+4.46%
Data through --

Peer Comparisonvs. Long-short equity

Performance 5-yr return+3.90%+6.29%
Expense ratio2.52%1.90%
Risk 5 year sharpe ratio0.320.80
Net assets$102.2M$302.8M
Average market cap$2.9B$33.1B
Average P/E--18.3
Portfolio turnover901%901%

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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


U.S. stock45.33%
International stock12.41%
Fixed income8.81%
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
NERV Minerva Neurosciences Inc8.59%
IBB iShares Nasdaq Biotechnology ETF8.29%
ANTM WellPoint8.22%
-- 6.24%
IWM iShares Russell 2000 ETF6.16%
XBI SPDR® S&P Biotech ETF5.10%
-- 5.08%
WMGI Wright Medical Group NV5.07%
UNH UnitedHealth4.87%