NexPoint Event Driven Z (HHCZX)
| Fund Assets | 86.63M |
| Expense Ratio | 2.38% |
| Min. Investment | $2,500 |
| Turnover | 607.00% |
| Dividend (ttm) | 0.09 |
| Dividend Yield | 0.54% |
| Dividend Growth | -77.28% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 19, 2024 |
| Previous Close | 17.12 |
| YTD Return | 4.63% |
| 1-Year Return | 6.25% |
| 5-Year Return | 5.10% |
| 52-Week Low | 15.90 |
| 52-Week High | 17.21 |
| Beta (5Y) | n/a |
| Holdings | 173 |
| Inception Date | May 5, 2008 |
About HHCZX
NexPoint Event Driven Fund Class Z is an actively managed mutual fund specializing in event-driven investment strategies. Its primary focus is to generate absolute returns by identifying and capitalizing on specific corporate events that can influence security prices, such as mergers, acquisitions, restructurings, spin-offs, bankruptcies, and other significant corporate actions. The fund employs a long/short approach, allowing for both positive and negative positioning depending on the perceived impact of these events on asset valuations. The fund invests across a diverse spectrum of domestic and international securities, including equities, convertible bonds, and other debt instruments, thereby providing exposure to various sectors and industries. Its flexible mandate enables it to pursue opportunities in both traditional merger arbitrage and broader special situations, leveraging rigorous research and risk management honed over years of operation in related strategies. NexPoint Event Driven Fund Class Z plays an important role in the financial market by offering investors access to alternative sources of return that are often less correlated with general equity market movements, making it a potential diversifier within broader portfolios.
Performance
HHCZX had a total return of 6.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.57%.
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 | $0.0919 | Dec 19, 2024 |
| Dec 21, 2023 | $0.4045 | 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 |