NexPoint Event Driven Fund

Fund Update: January 14, 2021

On October 15, 2021, the Board of Trustees of HFI (the “Board”), on behalf of the Fund, approved certain changes related to the repositioning of the Fund’s investment strategy such that it will seek to invest primarily in securities that the Fund’s investment adviser expects to benefit from an event catalyst. These changes included changing the Fund’s name and removing the former policy to invest at least 80% of the value of its total assets in securities of healthcare companies. The shareholders of the Fund at a special meeting of shareholders held on January 14, 2022 approved an amendment to the Fund’s fundamental investment policy regarding industry concentration to remove the requirement to invest at least 25% of the Fund’s total assets in securities of issuers in the industry group consisting of healthcare companies.

Investment Objective

The investment objective of NexPoint Event Driven Fund (the “Event Driven Fund” or the “Fund”) is to seek long-term capital appreciation.

Investment Strategy

The Event Driven Fund seeks to achieve its investment objective by investing in event catalysts including, mergers, acquisitions, tender offers, restructuring, spin-offs, refinancings, recapitalizations or economic events that can impact specific industries.

Investment Rationale

  • Alternative investment that seeks to reduce overall portfolio volatility and correlation
  • Potential alternative or complement to equity or high yield replacement

Class A

Ticker

HHCAX

NAV

$13.90

Inception

05/05/08

Class C

Ticker

HHCCX

NAV

$12.75

Inception

05/05/08

Class Z

Ticker

HHCZX

NAV

$14.59

Inception

05/05/08

Portfolio Manager

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…

Scott Johnson | Portfolio Manager, NexPoint
Mr. Johnson is a Managing Director and Portfolio Manager at NexPoint Advisors, L.P. He has over 25 years of investment management experience with extensive experience in private equity, mergers and acquisitions and long/short hedge funds.

Contact Information

NexPoint Event Driven Fund
833-697-7253

*Prior to January 20, 2022, the Fund was managed pursuant to a different investment strategy. As a result of the difference in in- vestment strategy, the performance information presented for periods prior to January 20, 2022 reflects management of the Fund consistent with investment strategies in effect during those periods and might have differed materially if the Fund’s investments had been managed under its current investment strategies.

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