NexPoint Merger Arbitrage Fund (HMEZX)
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.
Fund Info
US4301016428
430101642
Aug 18, 2016
$2,500
Expense Ratio
HMEZX has a high expense ratio of 1.50%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in NexPoint Merger Arbitrage Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
NexPoint Merger Arbitrage Fund had a return of 0.86% year-to-date (YTD) and 6.50% in the last 12 months.
HMEZX
0.86%
0.50%
2.62%
6.50%
3.54%
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of HMEZX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.61% | 0.86% | |||||||||||
| 2024 | 0.10% | 0.51% | 1.33% | 0.10% | 0.41% | 0.78% | 0.61% | 0.55% | 0.62% | 0.05% | 0.35% | 0.51% | 6.08% |
| 2023 | 0.10% | -0.00% | -0.66% | 0.51% | -1.18% | 0.71% | 0.52% | 1.81% | 0.97% | 0.41% | 0.41% | 0.46% | 4.11% |
| 2022 | 0.10% | 0.49% | -0.27% | -0.05% | 0.20% | 0.11% | 0.40% | 0.45% | -0.39% | 1.22% | 0.35% | 0.07% | 2.70% |
| 2021 | 0.85% | 0.50% | 0.49% | 0.74% | 0.34% | 0.15% | 0.49% | 0.29% | 0.35% | 0.44% | 0.19% | -1.89% | 2.95% |
| 2020 | 0.87% | 0.20% | -1.88% | 1.86% | 0.41% | 1.67% | 1.34% | 0.39% | 0.20% | 0.39% | 1.12% | -3.99% | 2.47% |
| 2019 | 1.38% | 0.05% | 0.05% | 1.09% | 0.21% | -0.11% | 1.72% | 0.69% | 0.42% | 0.31% | 0.73% | 0.46% | 7.21% |
| 2018 | -0.10% | 1.18% | -2.14% | -1.29% | 4.54% | 1.01% | 0.10% | 1.14% | 0.80% | 0.70% | 0.19% | -3.50% | 2.44% |
| 2017 | 0.15% | 0.87% | 0.14% | 1.92% | 0.85% | 1.96% | -1.19% | -0.38% | 1.33% | 0.51% | -2.38% | 0.05% | 3.83% |
| 2016 | 0.25% | -1.28% | 2.24% | 0.40% | 1.59% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 95, HMEZX is among the top 5% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for NexPoint Merger Arbitrage Fund (HMEZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
NexPoint Merger Arbitrage Fund provided a 5.04% dividend yield over the last twelve months, with an annual payout of $1.00 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.00 | $1.00 | $0.99 | $1.01 | $0.26 | $0.00 | $0.00 | $2.75 | $1.07 | $0.00 |
Dividend yield | 5.04% | 5.09% | 5.07% | 5.12% | 1.29% | 0.00% | 0.00% | 15.16% | 5.26% | 0.01% |
Monthly Dividends
The table displays the monthly dividend distributions for NexPoint Merger Arbitrage Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $1.00 |
| 2023 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.99 |
| 2022 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $1.01 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.00 | $0.26 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.75 | $2.75 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $1.07 |
| 2016 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the NexPoint Merger Arbitrage Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the NexPoint Merger Arbitrage Fund was 8.00%, occurring on May 3, 2018. Recovery took 24 trading sessions.
The current NexPoint Merger Arbitrage Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8% | Oct 16, 2017 | 138 | May 3, 2018 | 24 | Jun 7, 2018 | 162 |
| -6.27% | Dec 17, 2018 | 6 | Dec 24, 2018 | 139 | Jul 16, 2019 | 145 |
| -5.52% | Dec 21, 2020 | 1 | Dec 21, 2020 | 483 | Nov 21, 2022 | 484 |
| -4.29% | Feb 21, 2020 | 19 | Mar 18, 2020 | 55 | Jun 5, 2020 | 74 |
| -3.01% | Sep 17, 2018 | 4 | Sep 20, 2018 | 6 | Sep 28, 2018 | 10 |
Volatility
Volatility Chart
The current NexPoint Merger Arbitrage Fund volatility is 0.40%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.