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Highland Long/Short Healthcare Z (HHCZX)

15.63 Down 0.12(0.76%) Sep 30

Profile as of Aug 30, 2014Get Profile for:
Highland Long/Short Healthcare Z
13455 Noel RoadSuite 800Dallas TX 75240
Map
Phone: 877-665-1287
Fund Overview 
Category:Long/Short Equity
Fund Family:Highland Funds
Net Assets:336.53M
Year-to-Date Return:14.62%
Yield:0.00%
Morningstar Rating:3 stars
Fund Inception Date:May 5, 2008
Morningstar Style Box 
Long/Short Equity
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Management Information 
Michael D. Gregory
Lead Manager since May 6, 2010
Mr. Gregory is a Portfolio Manager for Highland’s dedicated healthcare equity funds. Prior to joining the Subadviser in 2010, Mr. Gregory most recently spent four years as a CEO and Portfolio Manager at Cummings Bay Capital Management LLC, which was founded in 2006 and where he managed a long/short healthcare equity hedge fund. Starting in July 2005, Mr. Gregory worked as a Partner at Sands Point Capital Management LLC, managing a dedicated healthcare equity hedge fund, and prior to that he worked at Iroquois Capital Management LLC from May 2000 to June 2005. He holds an MBA from the Yale School of Management, having completed a highly specialized joint program in healthcare within the Yale Schools of Medicine, Management and Public Policy. He holds a BS in Economics from the University of Pennsylvania, Wharton School of Business.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:50
Min Initial Investment, AIP:2,500
Min Subsequent Investment:50
Min Subsequent Investment, IRA:50
Min Subsequent Investment, AIP:50
HHCZX can be purchased from 39 brokerages.

Fund Summary 
The investment seeks long-term capital appreciation. The fund normally invests at least 80% of the value of its total assets (net assets plus any borrowings for investment purposes) 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 may invest up to 20% of the value of its total assets in a wide variety of securities and financial instruments, of all kinds and descriptions, issued by non-healthcare companies. The fund is non-diversified.

Fund Operations 
Last Dividend : 0.00
Last Cap Gain (Dec 14, 2011) : 0.00
Annual Holdings Turnover (Dec 27, 2012) : 538.00%
Average for Category:258.90%
Fees & Expenses 
ExpenseHHCZXCategory Avg
Annual Report Expense Ratio (net):1.46%1.94%
Prospectus Net Expense Ratio:1.54%N/A
Prospectus Gross Expense Ratio:3.28%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A5.30%
Max Deferred Sales Load: N/A1.00%
3 Yr Expense Projection*:953974
5 Yr Expense Projection*:1,6591,692
10 Yr Expense Projection*:3,5343,362
* Per $10,000 invested