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HHCCX Highland Long/Short Healthcare C

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Fund HHCCX Highland Long/Short Healthcare C TMSFX Turner Medical Sciences Long/Short Inv  
Similarity
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100% 86%
Annual Fees
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$279.33
(2.69% Exp. Ratio)
$223.25
(2.15% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 3.84% annual return
$13,664.75 $16,132.53
Est. savings over 30 yrs +$2,467.78
Return
As of 11/30/16
1 YR RETURN -14.33%
3 YR -1.63%
5 YR 1.24%
10 YR --
1 YR RETURN -11.86%
3 YR 4.32%
5 YR 5.62%
10 YR --
Description
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.
The investment seeks capital appreciation. The fund invests primarily (at least 80% of its net assets) in stocks of companies engaged in the health care sector using a long/short growth strategy in seeking to capture alpha, reduce volatility, and preserve capital in declining markets. Its holdings may generally range from small companies with over $250 million in market capitalization at the time of purchase to larger, established firms in the health care industry. The fund typically holds between 15 and 75 securities long, and between 15 and 75 securities short.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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