NexPoint Event Driven C (HHCCX)
| Fund Assets | 86.63M |
| Expense Ratio | 3.38% |
| Min. Investment | $2,500 |
| Turnover | 607.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 1.74% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 14.71 |
| YTD Return | 3.53% |
| 1-Year Return | 4.86% |
| 5-Year Return | -0.39% |
| 52-Week Low | 13.70 |
| 52-Week High | 14.77 |
| Beta (5Y) | n/a |
| Holdings | 173 |
| Inception Date | May 5, 2008 |
About HHCCX
NexPoint Event Driven Fund Class C is an actively managed mutual fund specializing in an event-driven investment strategy. Its core objective is to achieve long-term capital appreciation by investing in the equity, debt, and derivative securities of companies expected to benefit from specific event catalysts. These events can include mergers and acquisitions, restructurings, spin-offs, strategic reviews, bankruptcies, take-over rumors, and other significant corporate actions that have the potential to materially alter a company's valuation. The fund employs a flexible long/short absolute return approach, allowing it to take positions on both the expected winners and losers from these corporate events. Its investable universe spans a broad array of domestic and foreign corporate securities, crossing sectors and industries. Noteworthy features include the fund's capacity to utilize merger arbitrage and capitalize on fundamental mispricings that may not correlate directly with broad equity markets. NexPoint Event Driven Fund Class C is recognized within the alternative investment category, particularly among long/short equity funds focused on corporate event catalysts. Its role in the financial market is to provide investors with a strategy that seeks to generate returns independent of overall market direction by focusing on company-specific developments.
Performance
HHCCX had a total return of 4.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.54%.
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 21, 2023 | $0.24674 | Dec 21, 2023 |
| Dec 2, 2014 | $0.6784 | Dec 2, 2014 |
| Dec 15, 2011 | $1.2536 | Dec 15, 2011 |
| Dec 14, 2010 | $0.3458 | Dec 14, 2010 |
| Dec 30, 2008 | $0.3538 | Dec 31, 2008 |