| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
2
1
5
3
1
|
|
Zacks Investment Research
4
(Sell)
|
|
Standard & Poor's
---
|
|
TheStreet.com
E+
(Sell)
|
U.S. News evaluated 90 Long/Short Equity Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 5.23 percent over the past year, 4.09 percent over the past three years, and 5.83 percent over the past five years.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 12.2% |
| 1 Year | 5.2% |
| 3 Years (Annualized) | 4.1% |
| 5 Years (Annualized) | 5.8% |
| 10 Years (Annualized) | N/A |
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.
Fees
Fees are High compared to funds in the same category.
Highland Long/Short Healthcare Fund has an expense ratio of 1.50 percent.
Risk
Risk is Above Average compared to funds in the same category according to Morningstar.
