NexPoint Strategic Opportunities Fund:NHF

    Manage Alerts

    Overview

    As of 10/23/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$9.16$16.87-45.70%
    52 Wk Avg$12.46$18.55-34.10%
    52 Wk High$18.05$21.37-14.29%
    52 Wk Low$6.30$16.00-63.58%
    Regular Distribution TypeIncome Only
    Distribution Rate13.10%
    Distribution Amount$0.1000
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    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.

    Capital Structure

    As of 10/23/2020

    Total Investment Exposure:$921.028M
    Total Common Assets:$772.596M
    Common Shares Outstanding:45,634,716
    Leverage

    As of 10/22/2020

    Preferred Share Assets:
    Total Debt (USD): $148.432M
    Regulatory Leverage (USD): $55.400M
    Effective Leverage (USD): $148.432M
    Effective Leverage (%): 16.12%
    Annual Expense Ratios

    As of 12/31/2019

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 2.48%
    Fund Management

    Fund Sponsor
    NexPoint Advisors, L.P.

    Portfolio Managers
    James D. Dondero

    Basics
    Category: Hybrid-U.S. Allocation
    Ticker: NHF
    NAV Ticker: XNHFX
    Average Daily Volume (shares): 296,163
    Average Daily Volume (USD): $3.508M
    Inception Date: 6/29/2006
    Inception Share Price: $20.00
    Inception NAV: $18.99
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 10/23/2020

    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 6/30/2020
    $0.4183
    Annualized Distribution Rate on NAV:
    As of 10/23/2020
    7.11%
    Total Return on NAV (12 months):
    As of 10/23/2020
    -11.32%
    Total % Portfolio Effectively Leveraged:
    As of 10/23/2020
    16.12%

    Pricing Information

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

    As of 10/23/2020

    PeriodAvg Discount
    6 Month-43.58%
    1 Year-34.10%
    3 Year-18.58%
    5 Year-15.79%
    Z-Score

    As of 10/23/2020

    PeriodZStat
    3 Month0.20
    6 Month-0.51
    1 Year-0.86
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2020
    Category: Morningstar US CEF US Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-46.02%-13.52%-13.49%-5.37%
    20190.73%-1.40%29.77%22.10%
    2018-12.38%-1.35%-8.36%-4.98%
    201725.07%17.50%21.52%14.50%
    201627.81%22.54%17.59%13.14%
    2015-15.51%-23.09%-9.73%-7.35%
    201426.83%25.50%11.82%9.17%
    201352.08%61.68%19.53%19.58%
    201214.86%13.58%13.72%13.14%
    2011-12.18%-3.21%1.24%3.22%
    201030.93%16.38%15.07%13.03%
    200927.78%20.88%43.70%32.32%
    2008-57.81%-46.19%-44.21%-40.86%
    20073.40%-0.83%  
    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 9/30/2020
    Category: Morningstar US CEF US Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2020
    120
    Annual Portfolio Turnover:
    As of 12/31/2019
    63.00%
    Average Bond Price:
    As of 6/30/2020
    $51.14
    Asset Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Cyclical (Super Sector)53.45%
    Financial Services29.68%
    Real Estate23.71%
    Securitized (Super Sector)17.34%
    Government Commercial Mortgage Backed14.97%
    Preferred Stock9.55%
    Corporate (Super Sector)7.66%
    Sensitive (Super Sector)5.94%
    Communication Services5.67%
    Asset Backed2.15%
    Top Holdings

    As of 6/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    NexPoint Strategic Opportunities Fund$238.21M29.68%
    Jernigan Capital Inc$84.34M10.51%
    NexPoint Real Estate Finance Inc Ordinary Shares$66.96M8.34%
    FREMF MORTGAGE TRUST 0%$48.35M6.03%
    TerreStar Corp$45.29M5.64%
    FREMF MORTGAGE TRUST 0%$48.35M6.03%
    SPECIALTY FINANCIAL PROD$40.28M5.02%
    Sfr Wlif I Llc$33.29M4.15%
    NexPoint Hospitality Trust$29.18M3.64%
    Keybank Loan Outstanding$-55.40M-6.90%
    Maturity Breakdown

    As of 6/30/2020 reported by Fund Sponsor

    Country Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity60.74%
    United States - Fixed Income14.24%
    Canada - Equity3.64%
    Argentina - Fixed Income2.06%
    Others - Fixed Income1.18%
    Argentina - Equity0.28%
    Russia - Equity0.00%
    Singapore - Equity0.00%
    Switzerland - Equity0.00%
    United Kingdom - Equity0.00%
    Australia - Equity0.00%

    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. 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.

    EWB-1014244PR-E1119W