The Nexpoint Merger Arbitrage Fund Class Z (HMEZX) is a mutual fund that focuses on investing in companies that are involved in mergers and acquisitions. This fund aims to take advantage of potential price discrepancies between the target company's stock price and the offer price during a merger or acquisition. It is classified as Class Z, which typically indicates a fund with a higher minimum investment and lower fees. This fund may be suitable for investors looking for a potentially higher return through a specialized investment strategy.