Fund NAV (As of Apr 06, 2020)
Fund AUM (As of Apr 06, 2020)
Total Net Assets$752.98 M
Gross Expense Ratio2.14%
Net Expense Ratio2.14%
As of 04/06/2020
Net Asset Value (NAV)$16.46
As of 03/31/2020 MonthlyQuarterlyNAVMarket Price
Year To Date-19.57%-51.65%
One Year-22.23%-56.56%
Three Year-1.31%-18.18%
Five Year-2.43%-11.74%
Ten Year8.26%1.62%
Since Inception2.05%-2.31%

NexPoint COVID-19 Response

We hope you and your families are well during this tumultuous time. As you know, businesses across the country — and around the world — are currently facing a range of challenges. While NexPoint has felt the impact of the pandemic, we had plans and procedures in place that helped mitigate its effects and ensured the continuity of our business operations. We hope this is already evident in the level of support we have been able to provide in recent weeks to the home offices, advisors, and investors we serve. Our highest priorities are keeping our NexPoint employees safe and ensuring our ability to serve you. I want to share some information about our business operations and how we have adjusted to continue to provide that support without disruption.

Many of our own teams are able to work from home, and we have the IT systems and collaboration tools to ensure they can do so effectively. In our Dallas, Texas headquarters, we have reduced the number of employees working in the office; however, our office remains open and is staffed with critical personnel across investment teams, trading, legal and compliance, IT, operations, and other key back-office support functions.

Across our real estate portfolios, NexPoint is working diligently with the respective property management teams to ensure the safety of our tenants and the performance of our properties.

While our business continues to function without interruption, NexPoint understands that this is a challenging time, and we are committed to supporting you in any way that we can. Should you have any questions or concerns, please don’t hesitate to reach out to us.

Impact of COVID-19 on Fund Filings

The Fund is unable to transmit to shareholders the Fund’s Annual Report for the year-ended December 31, 2020, in a timely manner as the Fund experienced significant delays related to the coronavirus disease 2019 (COVID-19) pandemic. The Fund’s related filings on Forms N-CSR and N-CEN for the year-ended December 31, 2020 are also delayed.

The Fund is relying on the order issued by the Securities and Exchange Commission (the “Commission”) on March 25, 2020, pursuant to its authority under Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”) granting exemptions from certain provisions of the 1940 Act and the rules thereunder (the “Order”). The Fund expects to transmit to shareholders the Fund’s Annual Report for the year-ended December 31, 2020 on or about April 10, 2020 and will promptly file the Fund’s related Forms N-CSR and N-CEN thereafter.

Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. See the Performance tab for most recent month-end performance.

The Expense Ratio shown is reported in the Fund's Annual Report dated December 31, 2017.

Source: American Stock Transfer & Trust Company, LLC

The performance data quoted here represents past performance and is no guarantee of future results. Investment returns and principal value will fluctuate so that an investor’s shares when redeemed may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted.

Please consider the investment objectives, risks, charges and expenses of NexPoint Strategic Opportunities Fund carefully before investing. A prospectus with this and other information about NexPoint Strategic Opportunities Fund may be found on our website's Fund Literature tab. You may also obtain a prospectus by calling 866-351-4440. Please read the prospectus carefully before investing.

Non-Payment Risk. Senior Loans, like other corporate debt obligations, are subject to the risk of non-payment of scheduled interest and/or principal. Non-payment would result in a reduction of income to the Fund, a reduction in the value of the Senior Loan experiencing non-payment and a potential decrease in the NAV of the Fund.

Credit Risk. The Fund may invest all or substantially all of its assets in Senior Loans or other securities that are rated below investment grade and unrated Senior Loans deemed by Highland to be of comparable quality. Securities rated below investment grade are commonly referred to as “high yield securities” or “junk securities.” They are regarded as predominantly speculative with respect to the issuing company’s continuing ability to meet principal and interest payments. Investments in high yield Senior Loans and other securities may result in greater NAV fluctuation than if the Fund did not make such investments.

Interest Rate Risk. The Fund’s NAV will usually change in response to interest rate fluctuations. When interest rates decline, the value of fixed rate securities already held by the Fund can be expected to rise. Conversely, when interest rates rise, the value of existing fixed rate securities can be expected to decline.

Senior Loans Risk. The risks associated with Senior Loans are similar to the risks of below investment grade securities, although Senior Loans are typically senior and secured in contrast to other below investment grade securities, which are often subordinated and unsecured.

Risk of Restrictions on Resale. Senior Loans may not be readily marketable and may be subject to restrictions on resale. As a result, the ability of the Fund to dispose of its investments in a timely fashion and at an advantageous price may be restricted.

Ongoing Monitoring Risk. On behalf of the several Lenders, the Agent generally will be required to administer and manage the Senior Loans and, with respect to collateralized Senior Loans, to service or monitor the collateral.

Closed-End Fund Risk. The Fund is a closed-end investment company designed primarily for long-term investors and not as a trading vehicle. The Fund does not intend to list its shares for trading on any national securities. There is not expected to be any secondary trading market in the shares, and the shares should be considered illiquid.

Leverage Risk. Leverage may increase the risk of loss, cause fluctuations in the market value of the Fund’s portfolio to have disproportionately large effects or cause the net asset value (“NAV”) of the Fund generally to decline faster than it would otherwise.