NexPoint Merger Arbitrage A (HMEAX)
| Fund Assets | 1.12B |
| Expense Ratio | 2.49% |
| Min. Investment | $2,500 |
| Turnover | 556.00% |
| Dividend (ttm) | 0.94 |
| Dividend Yield | 4.56% |
| Dividend Growth | 0.07% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Sep 16, 2025 |
| Previous Close | 19.40 |
| YTD Return | 1.58% |
| 1-Year Return | 2.51% |
| 5-Year Return | 23.18% |
| 52-Week Low | 19.17 |
| 52-Week High | 19.62 |
| Beta (5Y) | 0.04 |
| Holdings | 109 |
| Inception Date | Aug 19, 2016 |
About HMEAX
NexPoint Merger Arbitrage Fund Class A is an actively managed mutual fund specializing in event-driven investment strategies within the equity and debt markets. Its primary objective is to generate positive absolute returns by leveraging merger arbitrage—a targeted approach capitalizing on the successful completion of corporate mergers and acquisitions. The fund typically invests in companies that have entered definitive merger agreements, aiming to profit from the spread between the current market price and the expected value upon transaction completion. Balancing a diversified portfolio, NexPoint Merger Arbitrage Fund Class A includes holdings across various sectors such as industrials, technology, energy, communication services, and financial services, with notable allocations to companies involved in merger activities. This non-diversified fund maintains a high turnover rate to adapt to evolving corporate actions and market opportunities, playing a distinctive role in the financial market by offering investors access to sophisticated risk arbitrage techniques to potentially benefit from corporate activity cycles.
Performance
HMEAX had a total return of 2.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.11%.
Top 10 Holdings
53.93% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Treasury Obligations Cash Management | DTRXX | 14.04% |
| Springworks Therapeutics, Inc. | SWTX | 6.37% |
| Skechers USA, Inc. | SKX | 6.30% |
| Blueprint Medicines Corporation | BPMC | 5.00% |
| 8TH AVENUE FOOD & PROVISIONS, INC. 10/1/2025 | AVFOPO.L 10.01.25 1 | 4.10% |
| Walgreens Boots Alliance, Inc. | WBA | 4.09% |
| AvidXchange Holdings, Inc. | AVDX | 3.98% |
| TXNM Energy, Inc. | TXNM | 3.43% |
| Enstar Group Ltd. | ESGR | 3.41% |
| THE DUN & BRADSTREET CORPORATION - DUN & BRADSTREET CORP/THE 144A 5.000000% 12/15/2029 | DNB.5 12.15.29 144A | 3.19% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 16, 2025 | $0.23335 | Sep 17, 2025 |
| Jun 18, 2025 | $0.23461 | Jun 20, 2025 |
| Mar 18, 2025 | $0.23442 | Mar 19, 2025 |
| Dec 19, 2024 | $0.23425 | Dec 20, 2024 |
| Sep 24, 2024 | $0.23433 | Sep 25, 2024 |
| Jun 20, 2024 | $0.23278 | Jun 21, 2024 |