Highland Opportunities and Income Ord:HFRO

    Manage Alerts

    Overview

    As of 4/3/2025

     Share
    Price
    NAVPremium/
    Discount
    Current$4.95$12.25-59.59%
    52 Wk Avg$5.90$12.78-53.83%
    52 Wk High$6.92$13.09-46.80%
    52 Wk Low$4.88$11.97-60.15%
    Regular Distribution TypeManaged Distribution
    Distribution Rate9.33%
    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 4/3/2025

    Total Investment Exposure:$939.643M
    Total Common Assets:$799.887M
    Common Shares Outstanding:65,296,917
    Leverage

    As of 4/3/2025

    Preferred Share Assets: $139.756M
    Total Debt (USD): $20.690M
    Regulatory Leverage (USD): $139.756M
    Effective Leverage (USD): $139.756M
    Effective Leverage (%): 14.87%
    Annual Expense Ratios

    As of 6/30/2024

      Per Common Share
    Management Fees0.74%
    Other Expenses:0.67%
    Baseline Expense: N/A
    Interest Expense:0.04%
    Total: 1.45%
    Fund Management

    Fund Sponsor
    NexPoint Asset Management, L.P.

    Portfolio Managers
    James D. Dondero, Jon Poglitsch, Mark Okada, Scott Johnson

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: HFRO
    NAV Ticker: XHFOX
    Average Daily Volume (shares): 283,384
    Average Daily Volume (USD): $1.644M
    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 4/3/2025

    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 12/31/2024
    $0.2341
    Annualized Distribution Rate on NAV:
    As of 4/3/2025
    3.77%
    Total Return on NAV (12 months):
    As of 4/3/2025
    -0.73%
    Avg. Portfolio Coupon:
    As of 4/3/2025
    9.16%
    Total % Portfolio Effectively Leveraged:
    As of 4/3/2025
    14.87%

    Pricing Information

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

    As of 4/4/2025

    PeriodAvg Discount
    6 Month-55.98%
    1 Year-53.83%
    3 Year-40.11%
    5 Year-33.92%
    Z-Score

    As of 4/3/2025

    PeriodZStat
    3 Month-1.81
    6 Month-1.80
    1 Year-1.98
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 3/31/2025
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD2.31%3.88%-1.90%-0.56%
    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%3.18%9.08%
    2012 17.70%  
    2011 3.12%  
    2010 8.67%  
    2009 22.96%  
    2008 -44.14%  
    2007 -0.79%  
    2006 11.17%  
    2005 7.98%  
    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 3/31/2025
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 4/3/2025
    9.16%
    Number of Holdings:
    As of 12/31/2024
    74
    Annual Portfolio Turnover:
    As of 6/30/2024
    14.00%
    Asset Allocation

    As of 12/31/2024

    Top Sectors

    As of 12/31/2024

    Sector%Portfolio
    Corporate (Super Sector)19.55%
    Cash Equivalents (Super Sector)6.44%
    Cash Equivalents6.44%
    Corporate Bond6.31%
    Bank Loan5.06%
    Preferred Stock4.54%
    Securitized (Super Sector)3.84%
    Asset Backed3.84%
    Convertible3.65%
    Government0.00%
    Top Holdings

    As of 12/31/2024

    HoldingValue% Portfolio
    Nfront$100.27M10.78%
    Nfront Inc Shs Stock Settlement$97.86M10.52%
    Nfro Sfr Reit Sub$93.54M10.05%
    NexPoint Real Estate Finance Inc Ordinary Shares$68.60M7.37%
    Nfro Holdings Llc$57.79M6.21%
    Nexls Llc$56.84M6.11%
    Eds Legacy Partners$55.00M5.91%
    Ccs Medical Holdin$38.83M4.17%
    Iqhq 144A$30.64M3.29%
    Nht Convertible Prom Note$29.53M3.17%
    Credit Quality

    As of 12/31/2024

    Maturity Breakdown

    As of 12/31/2024

    Country Allocation

    As of 12/31/2024

    Country% Portfolio
    United States - Equity61.96%
    United States - Fixed Income12.83%
    Others - Fixed Income2.53%
    Hong Kong - Fixed Income0.55%
    Canada - Equity0.34%
    Argentina - Fixed Income0.00%
    Argentina - Equity0.00%
    Brazil - Equity0.00%
    France - 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. 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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