Nasdaq - Delayed Quote USD

NexPoint Merger Arbitrage A (HMEAX)

19.43 +0.02 (+0.10%)
As of 8:05 AM EST. Market Open.

Fund Summary

The fund normally invests at least 80% of the value of its total assets (net assets plus the amount of any borrowings for investment purposes) in securities of companies that are involved in publicly-announced mergers (including mergers through takeovers and tender offers, so long as tender offers are being used to effect a merger) ("Merger Transactions") or companies that the Adviser believes may be involved in Merger Transactions. It engages in risk arbitrage strategies, particularly merger arbitrage strategies, in order to achieve its investment objective. The fund is non-diversified.

Risk Overview

Morningstar Risk Rating
Best 1Y Total Return 8.36%
Worst 1Y Total Return --
Number of Years Up 7
Number of Years Down --

Performance & Risk

YTD Return 4.87%
5y Average Return 4.96%
Rank in Category (ytd) 24
% Rank in Category (ytd) --
Beta (5Y Monthly) 0.02
Morningstar Risk Rating

Risk Statistics

3 Years5 Years10 Years
HMEAXCategory AverageHMEAXCategory AverageHMEAXCategory Average
Alpha -0.23 0.01 1.89 0 -- 0.01
BETA 0.02 0 0.06 0 -- 0
Mean Annual Return 0.31 0.01 0.42 0 -- 0
R-squared 2.82 0.52 22.3 0.46 -- 0.51
Standard Deviation 1.87 0.07 2.17 0.06 -- 0.06
Sharpe Ratio -0.1 0.01 1.08 0.01 -- 0.01
Treynor Ratio -10.42 0.22 40.7 0.16 -- 0.14

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