Nasdaq - Delayed Quote • USD
NexPoint Merger Arbitrage C (HMECX)
At close: 8:00 PM EDT
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.
Risk Overview
| Morningstar Risk Rating | |
| Best 1Y Total Return | 7.66% |
| Worst 1Y Total Return | -- |
| Number of Years Up | 7 |
| Number of Years Down | -- |
Performance & Risk
| YTD Return | 3.66% |
| 5y Average Return | 4.38% |
| Rank in Category (ytd) | 37 |
| % Rank in Category (ytd) | -- |
| Beta (5Y Monthly) | 0.02 |
| Morningstar Risk Rating |
Risk Statistics
| 3 Years | 5 Years | 10 Years | ||||
|---|---|---|---|---|---|---|
| HMECX | Category Average | HMECX | Category Average | HMECX | Category Average | |
| Alpha | -0.58 | 0.01 | 1.28 | 0 | -- | 0.01 |
| BETA | 0.02 | 0 | 0.06 | 0 | -- | 0 |
| Mean Annual Return | 0.26 | 0.01 | 0.36 | 0 | -- | 0 |
| R-squared | 2.65 | 0.52 | 22.08 | 0.46 | -- | 0.51 |
| Standard Deviation | 1.84 | 0.07 | 2.16 | 0.06 | -- | 0.06 |
| Sharpe Ratio | -0.29 | 0.01 | 0.84 | 0.01 | -- | 0.01 |
| Treynor Ratio | -31.05 | 0.22 | 31.81 | 0.16 | -- | 0.14 |
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