NexPoint Event Driven A (HHCAX)
| Fund Assets | 86.63M |
| Expense Ratio | 2.73% |
| Min. Investment | $2,500 |
| Turnover | 607.00% |
| Dividend (ttm) | 0.04 |
| Dividend Yield | 0.21% |
| Dividend Growth | -89.32% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 19, 2024 |
| Previous Close | 16.25 |
| YTD Return | 3.97% |
| 1-Year Return | 5.50% |
| 5-Year Return | 2.46% |
| 52-Week Low | 15.09 |
| 52-Week High | 16.31 |
| Beta (5Y) | 0.27 |
| Holdings | 173 |
| Inception Date | May 5, 2008 |
About HHCAX
NexPoint Event Driven Fund Class A is an actively managed mutual fund designed to pursue long-term capital appreciation by leveraging an event-driven investment strategy. This fund focuses on identifying and taking positions in opportunities created by corporate events—such as mergers, acquisitions, restructurings, spin-offs, bankruptcies, and other significant company actions—that are expected to influence the market prices of securities. Employing both long and short exposures, the fund seeks to capitalize on both "hard" catalyst events like traditional merger arbitrage and "soft" catalysts, including strategic reviews or activist campaigns. Its versatile approach includes investments in domestic and international stocks, convertible debt, and bonds across various industries, with a flexible mandate that adapts to evolving market dynamics. NexPoint Event Driven Fund Class A plays a distinct role in the financial market as a specialized absolute return vehicle with low-to-moderate equity market correlation, aiming to exploit inefficiencies and mispricing that arise from transformative corporate actions.
Performance
HHCAX had a total return of 5.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.18%.
Top 10 Holdings
54.86% of assets| Name | Symbol | Weight |
|---|---|---|
| Intra-Cellular Therapies Inc. | ITCI | 8.00% |
| Nordstrom, Inc. | JWN | 7.65% |
| Paycor HCM, Inc. | PYCR | 6.35% |
| Patterson Companies, Inc. | PDCO | 5.57% |
| H&E EQUIPMENT SERVICES, INC. - H&E EQUIPMENT SERVICES INC 144A 3.875000% 12/15/2028 | n/a | 5.00% |
| Beacon Roofing Supply, Inc. | BECN | 4.99% |
| Converge Technology Solutions Corp. | CTS | 4.98% |
| SolarWinds Corporation | SWI | 4.57% |
| PACTIV EVERGREEN GROUP ISSUER INC. - PACTIV EVERGREEN GROUP ISSUER LLC / PACTIV EVERGRE 4.375000% 10/15/2028 | PTVE.4.375 10.15.28 144A | 4.26% |
| CI Financial Corp. | CIX | 3.49% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2024 | $0.03673 | Dec 19, 2024 |
| Dec 21, 2023 | $0.34394 | Dec 21, 2023 |
| Dec 2, 2015 | $0.5814 | Dec 2, 2015 |
| Dec 2, 2014 | $0.6784 | Dec 2, 2014 |
| Dec 15, 2011 | $1.2536 | Dec 15, 2011 |
| Dec 14, 2010 | $0.3458 | Dec 14, 2010 |