NexPoint Merger Arbitrage Fund

Fund Update | August 2020

On August 13, 2020, the Board of Trustees of Highland Funds I, on behalf of the Fund, approved a change of the Fund’s name to the “NexPoint Merger Arbitrage Fund.” The Fund continues to be advised by Highland Capital Management Fund Advisors, L.P., an affiliate of NexPoint.

Investment Objective

Seeks to achieve positive absolute returns

Investment Strategy

Invest in publicly announced mergers to capture the spread between the current price of a target company and the announced offer price for that company

Investment Rationale

  • Alternative investment that seeks to reduce overall portfolio volatility and correlation
  • Potential alternative or complement to fixed income given similar levels of risk & volatility

Class A

TICKER

HMEAX

NAV

$20.31

Inception

08/20/16

Class C

TICKER

HMECX

NAV

$19.99

Inception

08/20/16

Class Z

TICKER

HMEZX

NAV

$20.57

Inception

01/21/15

Portfolio Managers

James Dondero | Founder, NexPoint
James Dondero is the founder of NexPoint. In addition to overseeing the group’s business and investment activities, Mr. Dondero serves as the portfolio manager of the NexPoint Strategic Opportunities Fund (NYSE:NHF). He is also an officer and director at NexPoint’s publicly traded REITs…

EricFritz | Portfolio Manager, NexPoint
Mr. Fritz is a Director at Highland Capital Management Fund Advisors and a Co-Portfolio Manager of the NexPoint Merger Arbitrage Fund. He has 10 years of investment experience including 7 years focused on alternative equity strategies.

Brad Heiss | Portfolio Manager, NexPoint
Mr. Heiss is a Managing Director at Highland Capital Management Fund Advisors and a Co-Portfolio Manager for the Highland Long/Short Equity and NexPoint Merger Arbitrage Funds.

Contact Information

Shareholder Services
NexPoint Merger Arbitrage Fund
(866) 351-4440

Sales Consultants
NexPoint Sales Desk (Main)
(877) 665-1287

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