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    Highland Long/Short Healthcare Z (HHCZX)

    14.57 Up 0.04(0.28%) Nov 27

    Profile as of Oct 30, 2015Get Profile for:
    Highland Long/Short Healthcare Z
    Highland Funds I13455 Noel Road, Suite 800Dallas TX 75240
    Phone: 877-665-1287
    Fund Overview 
    Category:Long/Short Equity
    Fund Family:Highland Funds
    Net Assets:808.83M
    Year-to-Date Return:-3.43%
    Morningstar Rating:4 stars
    Fund Inception Date:May 5, 2008
    Morningstar Style Box 
    Long/Short Equity
    [View Category Definition]
    View Top Long/Short Equity Funds
    About the Morningstar Style Box
    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 Highland Capital Management Fund Advisors, L.P. 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 45 brokerages.

    Fund Summary 
    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.

    Fund Operations 
    Last Dividend : 0.00
    Last Cap Gain (Dec 1, 2014) : 0.00
    Annual Holdings Turnover (Nov 24, 2015) : 409.00%
    Average for Category:145.16%
    Fees & Expenses 
    ExpenseHHCZXCategory Avg
    Annual Report Expense Ratio (net):1.45%1.84%
    Prospectus Net Expense Ratio:1.45%N/A
    Prospectus Gross Expense Ratio:2.42%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A5.36%
    Max Deferred Sales Load: N/A1.10%
    3 Yr Expense Projection*:7541,116
    5 Yr Expense Projection*:1,2901,929
    10 Yr Expense Projection*:2,7563,887
    * Per $10,000 invested