The NexPoint Event Driven Fund Class Z (ticker: HHCZX) is a mutual fund that focuses on event-driven investing strategies. This means that the fund's managers will actively seek out and invest in companies that are undergoing significant corporate events, such as mergers, acquisitions, or restructurings. This approach allows the fund to potentially benefit from the price movements and opportunities created by these events. The Class Z shares of this fund are typically only available to institutional investors and have a higher minimum investment requirement compared to other share classes.