HHCAX — Highland Long/Short Healthcare Fund
Data updated: 2026-08-31
HHCAX — Highland Long/Short Healthcare Fund. United States Small Cap Blend / Core Health Care Equity. Holdings, fees, performance and SEC filings.
HHCAX Fund Overview
HHCAX — Highland Long/Short Healthcare Fund is a US mutual fund managed by Nexpoint Funds I, categorised as United States Small Cap Blend / Core Health Care Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Nexpoint Funds I
- Category: United States Small Cap Blend / Core Health Care Equity
- Assets under management: $74.02M
- 1-year return: 1.6%
- Ticker: HHCAX
- SEC CIK: 0001354917
- SEC series ID: S000021242
- Share class ID: C000060521
HHCAX Holdings
Top 10 holdings of Highland Long/Short Healthcare Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fermi Inc | 5.98% |
| Fermi Inc | 5.98% |
| Topbuild Corp. | 5.14% |
| Topbuild Corp. | 5.14% |
| James Hardie Industries Public Limited Company | 4.88% |
| James Hardie Industries Public Limited Company | 4.88% |
| Kyivstar Group Ltd | 4.79% |
| Kyivstar Group Ltd | 4.79% |
| Lionsgate Studios Corp. | 4.71% |
| Lionsgate Studios Corp. | 4.71% |
HHCAX Portfolio Allocation
Asset-class allocation of Highland Long/Short Healthcare Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 213.3% |
| Cash & Equivalents | 5.7% |
HHCAX Performance
Total returns for HHCAX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -2.4% |
| 1 year | 1.6% |
| 3 years (annualised) | 4.9% |
| 5 years (annualised) | -2.0% |
HHCAX Risk Information
Risk metrics for HHCAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.8%
HHCAX Costs and Fees
HHCAX costs about $265 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.65%
- Gross expense ratio: 3.10%
- Portfolio turnover: 397%
- Brokerage commissions: 47.33 bps of average net assets (SEC N-CEN)
HHCAX Cashflows
Over the 12 months to 2026-06, Highland Long/Short Healthcare Fund had net outflows of $10.46M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.65M |
| 2026-05 | −$2.60M |
| 2026-04 | −$2.01M |
| 2026-03 | −$474.51K |
| 2026-02 | $2.59M |
| 2026-01 | −$7.13M |
HHCAX Debt Constituents
No individual debt constituents are reported in Highland Long/Short Healthcare Fund's latest SEC N-PORT filing.
HHCAX Prospectus and SEC Filings
Official Highland Long/Short Healthcare Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-28
- Prospectus (485BPOS) — filed 2024-10-28
- Prospectus (485BPOS) — filed 2023-10-27
- Portfolio holdings (N-PORT) — filed 2026-08-31
- Portfolio holdings (N-PORT) — filed 2026-06-01
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2025-09-11
- Annual census (N-CEN) — filed 2024-09-13
Related Funds
Other United States Small Cap Blend / Core Health Care Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.