Nasdaq - Delayed Quote USD

NexPoint Merger Arbitrage A (HMEAX)

19.51 +0.01 (+0.05%)
At close: 6:25:39 PM EST

Performance Overview

Morningstar Return Rating --
YTD Return 5.25%
5y Average Return 5.01%
Number of Years Up 7
Number of Years Down --
Best 1Y Total Return (Dec 10, 2024) 8.36%
Worst 1Y Total Return (Dec 10, 2024) --
Best 3Y Total Return 8.36%
Worst 3Y Total Return 3.68%

Trailing Returns (%) Vs. Benchmarks

Monthly Total Returns
HMEAX
Category
YTD
5.14%
4.64%
1-Month
0.31%
-0.23%
3-Month
0.90%
1.87%
1-Year
5.65%
13.76%
3-Year
3.87%
6.25%
5-Year
4.99%
5.34%
10-Year
0.00%
4.15%
Last Bull Market
2.71%
8.78%
Last Bear Market
0.18%
-6.83%

Annual Total Return (%) History

Year
HMEAX
Category
2024
--
--
2023
3.74%
--
2022
2.30%
--
2021
5.01%
--
2020
8.36%
6.69%
2019
6.95%
7.68%
2018
6.11%
1.61%
2017
5.15%
4.30%

2016
--
4.11%

Past Quarterly Returns

YearQ1Q2Q3Q4
2024 1.85% 1.11% 1.79% --
2023 -0.68% -0.01% 3.20% 1.22%
2022 0.20% 0.18% 0.33% 1.58%
2021 1.73% 1.20% 0.97% 1.02%
2020 -0.68% 3.98% 1.76% 3.11%
2019 1.39% 1.09% 2.76% 1.55%
2018 -1.19% 4.11% 2.02% 1.10%
2017 1.12% 4.72% -0.35% -0.36%
2016 1.24% -- -- --

Rank in Category (By Total Return)

YTD 29
1-Month 61
3-Month 51
1-Year 45
3-Year 22
5-Year 19

Load Adjusted Returns

1-Year -0.16%
3-Year 1.93%
5-Year 3.81%
10-Year --

Performance & Risk

YTD Return 5.25%
5y Average Return 5.01%
Rank in Category (ytd) 29
% Rank in Category (ytd) --
Beta (5Y Monthly) 0.02
Morningstar Risk Rating

Fund Overview

Category Event Driven
Fund Family Highland Funds
Net Assets 803.62M
YTD Return 5.14%
Yield 4.80%
Morningstar Rating
Inception Date Aug 19, 2016

Fund Summary

The fund normally invests at least 80% of the value of its total assets (net assets plus the amount of any borrowings for investment purposes) in securities of companies that are involved in publicly-announced mergers (including mergers through takeovers and tender offers, so long as tender offers are being used to effect a merger) ("Merger Transactions") or companies that the Adviser believes may be involved in Merger Transactions. It engages in risk arbitrage strategies, particularly merger arbitrage strategies, in order to achieve its investment objective. The fund is non-diversified.

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