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.
Fund Family NEXPOINT FUNDS I
Category Event Driven
Performance Rating Below Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol HHCZX
Share Class Class Z
Index Bloomberg U.S. Aggregate Bond TR
HHCZX had a total return of 7.86% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.65%.
