Highland Opportunities and Income Ord:HFRO

    Manage Alerts

    Overview

    As of 10/30/2026. NAV as of 10/29/2026.

     Share
    Price
    NAVPremium/
    Discount
    Current$6.44$11.23-42.39%
    52 Wk Avg$6.51$11.61-43.99%
    52 Wk High$7.74$12.00-35.03%
    52 Wk Low$5.47$11.23-51.15%
    Regular Distribution Type†Managed Distribution
    Distribution Rate7.14065000%
    Distribution Amount$0.0385
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s investment objective is to seek growth of capital along with income.The Fund will invest at least 25% of its assets in investments in securities or other instruments directly or indirectly secured by real estate, including REITs, preferred equity, securities convertible into equity securities and mezzanine debt.The Fund pursues growth of capital along with income.

    Capital Structure

    As of 10/30/2026

    Total Investment Exposure:$859.458M
    Total Common Assets:$610.164M
    Common Shares Outstanding:55,218,484
    Leverage

    As of 10/29/2026

    Preferred Share Assets: $239.354M
    Total Debt (USD): $20.690M
    Regulatory Leverage (USD): $239.354M
    Effective Leverage (USD): $239.354M
    Effective Leverage (%): 27.85%
    Annual Expense Ratios

    As of 6/30/2026

      Per Common Share
    Management Fees0.84%
    Other Expenses:1.34%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 2.18%
    Fund Management

    Fund Sponsor
    NexPoint Asset Management, L.P.

    Portfolio Managers
    James D. Dondero, Scott Johnson, Bradford Heiss

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: HFRO
    NAV Ticker: XHFOX
    Average Daily Volume (shares): 128,606
    Average Daily Volume (USD): $0.840M
    Inception Date: 1/13/2000
    Inception Share Price: $15.00
    Inception NAV:
    Tender Offer: No
    Term: No
    Fiscal Year End: June 30
    Third Party Links & Reports

    Distributions

    As of 10/30/2026

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions†
    Avg. Earnings Per Share:
    As of 6/30/2026
    $0.2968
    Annualized Distribution Rate on NAV:
    As of 10/30/2026
    4.11%
    Total Return on NAV (12 months):
    As of 10/30/2026
    4.71%
    Avg. Portfolio Coupon:
    As of 10/30/2026
    7.89%
    Total % Portfolio Effectively Leveraged:
    As of 10/30/2026
    27.85%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/30/2026

    PeriodAvg Discount
    6 Month-41.18%
    1 Year-43.99%
    3 Year-48.62%
    5 Year-40.61%
    Z-Score

    As of 10/31/2026

    PeriodZStat
    3 Month-0.16
    6 Month-0.15
    1 Year0.56
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2026
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD17.41%4.83%-8.16%-2.41%
    202524.30%-1.64%-4.21%-1.67%
    2024-27.20%-2.36%15.01%10.58%
    2023-16.90%-4.79%18.44%14.27%
    20221.69%6.66%-14.61%-6.12%
    202116.35%14.76%20.67%7.70%
    2020-8.38%4.36%0.14%1.12%
    20194.20%1.48%18.13%8.70%
    2018-12.15%1.53%-7.68%-1.95%
    2017 4.76%3.80%5.83%
    2016 11.93%24.86%18.27%
    2015 -7.46%-3.65%-4.65%
    2014 0.91%-2.59%1.36%
    2013 17.35%  
    2012 17.70%  
    2011 3.12%  
    2010 8.67%  
    2009 22.96%  
    2008 -44.14%  
    2007 -0.79%  
    2006 11.17%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/30/2026
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 10/29/2026
    7.89%
    Number of Holdings:
    As of 6/30/2026
    65
    Annual Portfolio Turnover:
    As of 6/30/2026
    5.00%
    Asset Allocation

    As of 6/30/2026

    Top Sectors

    As of 6/30/2026

    Sector%Portfolio
    Corporate (Super Sector)18.26%
    Bank Loan7.04%
    Cash Equivalents6.87%
    Cash Equivalents (Super Sector)6.87%
    Convertible5.05%
    Preferred Stock4.53%
    Securitized (Super Sector)1.77%
    Corporate Bond1.63%
    Asset Backed1.16%
    Government Commercial Mortgage Backed0.48%
    Top Holdings

    As of 6/30/2026

    HoldingValue% Portfolio
    Nfront Inc Shs Stock Settlement$113.02M13.77%
    Nfro Holdings Llc$94.67M11.54%
    Nfront$69.12M8.42%
    Nfro Sfr Reit Sub$63.84M7.78%
    Nexls Llc$51.13M6.23%
    NexPoint Real Estate Finance Inc Ordinary Shares$44.52M5.43%
    Nxdt Convertible Promnote$33.46M4.08%
    NexPoint Credit Catalyst Z$25.49M3.11%
    Nfro Finance Llc Note$21.51M2.62%
    Ccs Junior Credit Tl$20.28M2.47%
    Credit Quality

    As of 6/30/2026

    Maturity Breakdown

    As of 6/30/2026

    Country Allocation

    As of 6/30/2026

    Country% Portfolio
    United States - Equity60.28%
    United States - Fixed Income11.38%
    Others - Fixed Income0.15%
    Belgium - Fixed Income0.00%
    Chile - Fixed Income0.00%
    Switzerland - Fixed Income0.00%
    Sweden - Fixed Income0.00%
    Italy - Fixed Income0.00%
    Denmark - Fixed Income0.00%
    Ireland - Fixed Income0.00%
    Netherlands - Fixed Income0.00%
    Australia - Fixed Income0.00%
    Israel - Fixed Income0.00%
    Germany - Fixed Income0.00%
    Japan - Fixed Income0.00%
    France - Fixed Income0.00%
    United Kingdom - Fixed Income0.00%
    Canada - Fixed Income0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    † Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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