HMEZX — Highland Merger Arbitrage Fund
Data updated: 2026-06-01
HMEZX — Highland Merger Arbitrage Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Mid Cap Blend / Core Equity · $1.39B AUM · 1.90% expense ratio · 5.8% 1-yr return. From SEC regulatory filings.
HMEZX Fund Overview
HMEZX — Highland Merger Arbitrage Fund is a US mutual fund managed by Nexpoint Funds I, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Nexpoint Funds I
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $1.39B
- 1-year return: 5.8%
- Ticker: HMEZX
- SEC CIK: 0001354917
- SEC series ID: S000054634
- Share class ID: C000171611
HMEZX Holdings
Top 10 holdings of Highland Merger Arbitrage Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Hologic, Inc. | 7.89% |
| Clearwater Analytics Holdings, Inc. | 6.76% |
| Sealed Air Corporation | 5.94% |
| Onestream, Inc. | 5.76% |
| Air Lease Corporation | 5.15% |
| Csg Systems International, Inc. | 4.80% |
| Electronic Arts Inc. | 4.02% |
| Semrush Holdings, Inc. | 3.91% |
| Masimo Corporation | 3.80% |
| Arcellx Inc | 2.98% |
HMEZX Portfolio Allocation
Asset-class allocation of Highland Merger Arbitrage Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 73.6% |
| Cash & Equivalents | 21.9% |
| Fixed Income | 2.9% |
| Loans | 0.4% |
| Derivatives | 0.2% |
HMEZX Performance
Total returns for HMEZX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.8% |
| 1 year | 5.8% |
| 3 years (annualised) | 6.0% |
| 5 years (annualised) | 4.7% |
HMEZX Risk Information
Risk metrics for HMEZX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.9%
HMEZX Costs and Fees
HMEZX costs about $190 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.90%
- Gross expense ratio: 2.10%
- Portfolio turnover: 406%
- Brokerage commissions: 19.57 bps of average net assets (SEC N-CEN)
HMEZX Cashflows
Over the 12 months to 2026-03, Highland Merger Arbitrage Fund had net inflows of $346.57M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $56.16M |
| 2026-02 | $58.44M |
| 2026-01 | $71.19M |
| 2025-12 | $21.10M |
| 2025-11 | $8.25M |
| 2025-10 | $41.73M |
HMEZX Debt Constituents
Largest debt holdings of Highland Merger Arbitrage Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Echostar Corporation | 1.22% |
| Getty Images, Inc. | 0.74% |
| Sealed Air Corporation | 0.60% |
| Sealed Air Corporation | 0.30% |
HMEZX Prospectus and SEC Filings
Official Highland Merger Arbitrage Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.