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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.48% -35.06% 834.18M 79638.30
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
1.83% 20.00% -22.18M Upgrade

Basic Info

Investment Strategy
The Trust seeks to provide both current income and capital appreciation by investing primarily in the following categories of securities and instruments: (i) secured and unsecured floating and fixed rate loans; (ii) bonds and other debt obligations; (iii) debt obligations of stressed, distressed and bankrupt issuers; (iv) structured products, including but not limited to, mortgage-backed and other asset-backed securities and collateralized debt obligations; and (v) equities. The trust may employ various trading strategies, including but not limited to, capital structure arbitrage, pair trades and shorting and through investing in derivatives of the aforementioned categories. Under normal market conditions, at least 80% of the Trusts assets will be invested in one or more of these principal investment strategies. These invest objectives may be changed without shareholder approval.
General
Security Type Closed-End Fund
Equity Style Small Cap/Value
Fixed Income Style --
Broad Asset Class Allocation
Broad Category Allocation
Category Name Tactical Allocation
Category Index Morningstar Mod Agg Tgt Risk TR USD
Prospectus Objective Multisector Bond
Fund Owner Firm Name NexPoint Advisors, L.P.
Prospectus Benchmark Index
Bloomberg US Agg Bond TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
James Dondero 9.02 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 74
-22.18M
-1.099B Category Low
601.66M Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of January 31, 2012

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
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--
--
--
--
--
--
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Category Rtn. (NAV)
--
--
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% Rank in Cat (NAV)
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As of October 18, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
26.83%
-15.51%
27.81%
23.30%
-12.38%
0.73%
-34.09%
44.49%
13.69%
1.38%
11.96%
21.83%
-4.38%
31.49%
18.40%
20.81%
--
--
--
7.94%
-1.92%
15.05%
1.40%
13.36%
9.75%
-9.92%
-3.25%
34.84%
-15.36%
28.22%
32.77%
22.90%
6.55%
0.80%
0.40%
22.36%
-16.15%
22.25%
7.77%
22.00%
9.19%
-13.19%
24.72%
13.25%
-6.19%
29.17%
1.27%
14.88%
As of October 18, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-19-21) 1.83%
30-Day SEC Yield --
7-Day SEC Yield (10-30-09) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 5.038
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
Bond
Current Yield 5.54%
Yield to Maturity --
Effective Duration --
Average Coupon --
Average Credit Score Upgrade
Average Price --
As of June 30, 2021

Fund Details

Key Dates
Inception Date 6/29/2006
Last Annual Report Date 12/31/2020
Last Prospectus Date 9/22/2006
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

Asset Allocation

As of June 30, 2021.
Type % Net % Long % Short
Cash 0.05% Upgrade Upgrade
Stock 29.00% Upgrade Upgrade
Bond 8.93% Upgrade Upgrade
Convertible 0.04% Upgrade Upgrade
Preferred 1.14% Upgrade Upgrade
Other 60.84% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Nexpoint Re Opportunities
27.62% -- --
Nhf Trs Llc
25.97% -- --
NexPoint Real Estate Finance Inc Ordinary Shares 18.69% 21.33 0.05%
Nexpoint Storage Pref Stk
12.37% -- --
TerreStar Corp
5.66% -- --
Sfr Wlif I Llc
5.49% -- --
Metro Goldwyn Mayer Inc
5.44% -- --
Creative Science Pptys 144A
3.92% -- --
Sfr Wlif Ii Llc
3.69% -- --
Creek Pine Holdings Llc
3.47% -- --

Basic Info

Investment Strategy
The Trust seeks to provide both current income and capital appreciation by investing primarily in the following categories of securities and instruments: (i) secured and unsecured floating and fixed rate loans; (ii) bonds and other debt obligations; (iii) debt obligations of stressed, distressed and bankrupt issuers; (iv) structured products, including but not limited to, mortgage-backed and other asset-backed securities and collateralized debt obligations; and (v) equities. The trust may employ various trading strategies, including but not limited to, capital structure arbitrage, pair trades and shorting and through investing in derivatives of the aforementioned categories. Under normal market conditions, at least 80% of the Trusts assets will be invested in one or more of these principal investment strategies. These invest objectives may be changed without shareholder approval.
General
Security Type Closed-End Fund
Equity Style Small Cap/Value
Fixed Income Style --
Broad Asset Class Allocation
Broad Category Allocation
Category Name Tactical Allocation
Category Index Morningstar Mod Agg Tgt Risk TR USD
Prospectus Objective Multisector Bond
Fund Owner Firm Name NexPoint Advisors, L.P.
Prospectus Benchmark Index
Bloomberg US Agg Bond TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
James Dondero 9.02 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-19-21) 1.83%
30-Day SEC Yield --
7-Day SEC Yield (10-30-09) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 5.038
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
Bond
Current Yield 5.54%
Yield to Maturity --
Effective Duration --
Average Coupon --
Average Credit Score Upgrade
Average Price --
As of June 30, 2021

Fund Details

Key Dates
Inception Date 6/29/2006
Last Annual Report Date 12/31/2020
Last Prospectus Date 9/22/2006
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No