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NexPoint Merger Arbitrage Fund (HMEZX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US4301016428

CUSIP

430101642

Inception Date

Aug 18, 2016

Category

Event Driven

Min. Investment

$2,500

Asset Class

Alternatives

Expense Ratio

HMEZX has a high expense ratio of 1.50%, indicating above-average management fees.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


NexPoint Merger Arbitrage Fund

Performance

Performance Chart


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S&P 500

Returns By Period

NexPoint Merger Arbitrage Fund (HMEZX) returned 2.40% year-to-date (YTD) and 6.11% over the past 12 months.


HMEZX

YTD

2.40%

1M

0.76%

6M

2.92%

1Y

6.11%

3Y*

4.97%

5Y*

5.53%

10Y*

N/A

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.61%0.40%0.31%0.35%0.71%2.40%
20240.10%0.51%1.33%0.10%0.41%0.78%0.61%0.55%0.62%0.05%0.35%0.51%6.08%
20230.10%-0.00%-0.66%0.51%-1.18%0.71%0.52%1.81%0.97%0.41%0.41%0.46%4.11%
20220.10%0.49%-0.27%-0.05%0.20%0.11%0.40%0.45%-0.39%1.22%0.35%0.07%2.70%
20210.85%0.50%0.49%0.74%0.34%0.15%0.49%0.29%0.35%0.44%0.19%0.42%5.37%
20200.87%0.20%-1.88%1.86%0.41%1.67%1.35%0.39%0.20%0.39%1.12%1.62%8.46%
20191.38%0.05%0.05%1.09%0.21%-0.11%1.72%0.69%0.42%0.31%0.73%0.80%7.57%
2018-0.10%1.18%-2.14%-1.29%4.54%1.01%0.10%1.14%0.80%0.70%0.19%0.28%6.45%
20170.15%0.87%0.14%1.92%0.85%1.96%-1.19%-0.38%1.33%0.51%-2.38%1.64%5.48%
20160.25%-1.28%2.24%0.41%1.60%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 98, HMEZX is among the top 2% 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.


The Risk-Adjusted Performance Rank of HMEZX is 9898
Overall Rank
The Sharpe Ratio Rank of HMEZX is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of HMEZX is 9898
Sortino Ratio Rank
The Omega Ratio Rank of HMEZX is 9898
Omega Ratio Rank
The Calmar Ratio Rank of HMEZX is 9797
Calmar Ratio Rank
The Martin Ratio Rank of HMEZX is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

NexPoint Merger Arbitrage Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 3.87
  • 5-Year: 3.35
  • All Time: 1.40

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of NexPoint Merger Arbitrage Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

NexPoint Merger Arbitrage Fund provided a 5.02% dividend yield over the last twelve months, with an annual payout of $1.00 per share.


0.00%5.00%10.00%15.00%20.00%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.50201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM202420232022202120202019201820172016
Dividend$1.00$1.00$0.99$1.01$0.74$1.16$0.06$3.46$1.40$0.00

Dividend yield

5.02%5.08%5.07%5.12%3.63%5.82%0.33%19.06%6.88%0.02%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.25$0.00$0.00$0.25
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$0.48$0.74
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.16$1.16
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.06$0.06
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.46$3.46
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.42$0.00$0.00$0.00$0.00$0.97$1.40
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.


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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 7.17%, occurring on May 3, 2018. Recovery took 16 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-7.17%Dec 22, 201790May 3, 201816May 25, 2018106
-4.29%Feb 21, 202019Mar 18, 202055Jun 5, 202074
-3.28%Oct 16, 201723Nov 15, 201725Dec 21, 201748
-3.01%Sep 17, 20184Sep 20, 20186Sep 28, 201810
-2.6%Dec 17, 20186Dec 24, 20184Dec 31, 201810
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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