NexPoint Merger Arbitrage Fund Class A (HMEAX)

Fund Assets	1.50B
Expense Ratio	2.25%
Min. Investment	$2,500
Turnover	406.00%
Dividend (ttm)	0.94
Dividend Yield	4.81%
Dividend Growth	0.10%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 16, 2026

Previous Close	19.52
YTD Return	2.39%
1-Year Return	4.66%
5-Year Return	23.45%
52-Week Low	19.32
52-Week High	19.78
Beta (5Y)	0.05
Holdings	73
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.

• Fund Family: NEXPOINT FUNDS I
• Category: Event Driven
• Performance Rating: Above Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: HMEAX
• Share Class: Class A
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

HMEAX had a total return of 4.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.33%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
HMEZX	Class Z	1.90%
HMECX	Class C	2.90%

Top 10 Holdings

69.77% of assets

Name	Symbol	Weight
BNY Dreyfus Treasury Oblgtns Csh Mgt Ins	DTRXX	21.74%
Hologic, Inc.	HOLX	7.89%
Clearwater Analytics Holdings, Inc.	CWAN	6.76%
Sealed Air Corporation	SEE	5.94%
OneStream, Inc.	OS	5.76%
Air Lease Corporation	AL	5.15%
CSG Systems International, Inc.	CSGS	4.80%
Electronic Arts, Inc.	EA	4.02%
SEMrush Holdings, Inc.	SEMR	3.91%
Masimo Corporation	MASI	3.80%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 16, 2026	$0.23373	Jun 17, 2026
Mar 17, 2026	$0.23514	Mar 18, 2026
Dec 16, 2025	$0.23629	Dec 17, 2025
Sep 16, 2025	$0.23335	Sep 17, 2025
Jun 18, 2025	$0.23461	Jun 20, 2025
Mar 18, 2025	$0.23442	Mar 19, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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