XNHFX: NexPoint Strategic Opportunities Fund - MutualFunds.com

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NexPoint Strategic Opportunities Fund

XNHFX - Snapshot

Vitals

  • YTD Return -16.9%
  • 3 Yr Annualized Return -4.2%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $772 M
  • Holdings in Top 10 85.5%

52 WEEK LOW AND HIGH

$17.26
$16.00
$21.27

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.48%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 63.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Closed-end mutual fund
  • Investment Style Tactical Allocation

Compare XNHFX to Popular Tactical Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$12.18

+0.25%

$14.56 B

3.52%

$0.43

2.53%

-

$11.57

+0.26%

$3.66 B

2.54%

$0.29

7.23%

-

$8.22

+0.37%

$2.80 B

3.26%

$0.27

-0.72%

-

$10.05

+0.60%

$2.54 B

1.29%

$0.13

4.04%

-

$18.69

+0.32%

$1.48 B

1.64%

$0.31

25.60%

-

XNHFX - Profile

Distributions

  • YTD Total Return -16.9%
  • 3 Yr Annualized Total Return -4.2%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    NexPoint Strategic Opportunities Fund
  • Fund Family Name
    NexPoint Advisors, L.P.
  • Inception Date
    Jun 29, 2006
  • Shares Outstanding
    45634716
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Dondero

Fund Description

N/A


XNHFX - Performance

Return Ranking - Trailing

Period XNHFX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.9% -16.9% 61.1% 100.00%
1 Yr -13.0% -17.8% 67.2% 97.13%
3 Yr -4.2%* -8.0% 17.5% 99.57%
5 Yr 1.9%* -4.5% 12.9% 85.15%
10 Yr 7.7%* -3.0% 9.1% 9.82%

* Annualized

Return Ranking - Calendar

Period XNHFX Return Category Return Low Category Return High Rank in Category (%)
2019 -11.4% -11.4% 26.7% 100.00%
2018 -10.4% -28.0% 1.6% 46.46%
2017 2.4% -11.6% 27.5% 90.61%
2016 N/A -14.9% 16.0% 1.48%
2015 -87.3% -87.3% 1.7% 100.00%

Total Return Ranking - Trailing

Period XNHFX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.9% -16.9% 61.1% 100.00%
1 Yr -13.0% -18.1% 67.2% 96.31%
3 Yr -4.2%* -8.0% 17.5% 97.87%
5 Yr 1.9%* -4.5% 12.9% 81.68%
10 Yr 7.7%* -3.0% 9.1% 8.04%

* Annualized

Total Return Ranking - Calendar

Period XNHFX Return Category Return Low Category Return High Rank in Category (%)
2019 -11.4% -11.4% 26.7% 100.00%
2018 -10.4% -28.0% 1.6% 72.12%
2017 2.4% -5.4% 27.6% 95.77%
2016 N/A -14.9% 19.7% 1.48%
2015 -87.3% -87.3% 2.5% 100.00%

NAV & Total Return History


XNHFX - Holdings

Concentration Analysis

XNHFX Category Low Category High XNHFX % Rank
Net Assets 772 M 991 K 14.6 B 15.51%
Number of Holdings 133 4 1814 29.39%
Net Assets in Top 10 575 M 333 K 8.8 B 15.10%
Weighting of Top 10 85.48% 16.8% 100.0% 37.74%

Top 10 Holdings

  1. NexPoint Strategic Opportunities Fund 29.68%
  2. Jernigan Capital Inc 10.51%
  3. NexPoint Real Estate Finance Inc Ordinary Shares 8.34%
  4. Keybank Loan Outstanding 6.90%
  5. Keybank Loan Outstanding 6.90%
  6. Keybank Loan Outstanding 6.90%
  7. Keybank Loan Outstanding 6.90%
  8. Keybank Loan Outstanding 6.90%
  9. Keybank Loan Outstanding 6.90%
  10. Keybank Loan Outstanding 6.90%

Asset Allocation

Weighting Return Low Return High XNHFX % Rank
Stocks
64.64% 0.00% 116.32% 30.61%
Bonds
17.48% 0.00% 308.81% 68.16%
Other
15.95% -1.60% 77.76% 15.51%
Preferred Stocks
9.55% 0.00% 19.67% 2.04%
Convertible Bonds
0.04% 0.00% 5.73% 54.69%
Cash
-7.65% -269.48% 87.83% 82.04%

Stock Sector Breakdown

Weighting Return Low Return High XNHFX % Rank
Financial Services
48.30% 0.00% 96.34% 1.72%
Real Estate
38.58% 0.00% 100.00% 1.72%
Communication Services
9.24% 0.00% 34.85% 47.64%
Healthcare
2.46% 0.00% 39.15% 93.99%
Energy
0.53% 0.00% 10.11% 80.69%
Utilities
0.41% 0.00% 95.94% 86.70%
Industrials
0.19% 0.00% 19.48% 95.28%
Consumer Defense
0.18% 0.00% 31.10% 96.14%
Basic Materials
0.11% 0.00% 68.84% 89.70%
Technology
0.00% 0.00% 95.84% 97.85%
Consumer Cyclical
0.00% 0.00% 49.17% 97.00%

Stock Geographic Breakdown

Weighting Return Low Return High XNHFX % Rank
US
60.72% -3.83% 115.24% 23.67%
Non US
3.92% 0.00% 63.52% 71.02%

Bond Sector Breakdown

Weighting Return Low Return High XNHFX % Rank
Securitized
44.44% 0.00% 69.35% 1.63%
Corporate
42.19% 0.00% 100.00% 16.33%
Cash & Equivalents
8.08% 0.00% 100.00% 86.94%
Government
5.29% 0.00% 95.45% 72.65%
Derivative
0.00% 0.00% 61.13% 51.84%
Municipal
0.00% 0.00% 13.44% 54.29%

Bond Geographic Breakdown

Weighting Return Low Return High XNHFX % Rank
US
14.24% -14.41% 205.82% 64.49%
Non US
3.24% 0.00% 167.73% 56.73%

XNHFX - Expenses

Operational Fees

XNHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.48% 0.22% 4.67% 17.62%
Management Fee 1.00% 0.10% 1.50% 72.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.20% 0.05% 0.70% 72.86%

Sales Fees

XNHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

XNHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XNHFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 63.00% 0.00% 474.00% 34.13%

XNHFX - Distributions

Dividend Yield Analysis

XNHFX Category Low Category High XNHFX % Rank
Dividend Yield 0.00% 0.00% 7.88% 36.33%

Dividend Distribution Analysis

XNHFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Quarterly Annually

Net Income Ratio Analysis

XNHFX Category Low Category High XNHFX % Rank
Net Income Ratio 2.23% -1.71% 6.58% 11.48%

Capital Gain Distribution Analysis

XNHFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

XNHFX - Fund Manager Analysis

Managers

James Dondero


Start Date

Tenure

Tenure Rank

Sep 25, 2012

8.1

8.1%

Mr. Dondero is also the co-founder and President of Highland, founder and President of NexPoint Advisors, L.P., Chairman of the board of directors, Chief Executive Officer and member of the investment committee of NXRT, President of NexPoint Capital, Inc., President of NMCT, director for American Banknote Corporation, director for Metro-Goldwyn-Mayer, director for Jernigan Capital, Inc., Chairman of the board of directors for Cornerstone Healthcare, Chairman of the board of directors for CCS Medical, and Chairman of NexBank, an affiliated bank that is majority owned by Mr. Dondero. Mr. Dondero has over 30 years of experience investing in credit and equity markets and has helped pioneer credit asset classes. Prior to founding Highland Capital Management in 1993, Mr. Dondero served as Chief Investment Officer of Protective Life’s GIC subsidiary and helped grow the business between 1989 and 1993. His portfolio management experience includes mortgage-backed securities, investment grade corporates, leveraged bank loans, high-yield bonds, emerging market debt, real estate, derivatives, preferred stocks and common stocks. From 1985 to 1989, he managed in fixed income funds for American Express. Mr. Dondero received a BS in Commerce (Accounting and Finance) from the University of Virginia, and is a Certified Managerial Accountant and a Chartered Financial Analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.25 5.6 8.1
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