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Highland Opportunities and Income Fund (HFRO)

Taxable Bond Funds - Multisector Bond Funds

Data as of March 27, 2024
Current
Market Price $6.71 (- $0.01)
NAV (March 27, 2024) $12.90 (+ $0.05)
Fund Listed NYSE
Premium / Discount -47.98% (-0.28%)
Fund Info
Inception Nov. 6, 2017
Sponsor NexPoint Asset Management,
Website https://www.nexpointas...
Phone
NAV Symbol XHFOX
Location Texas
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: To provide a high level of current income, consistent with the preservation of capital.
Related Indexes
15 Major CEF Sectors Index
High Income Index
60/40 Balanced (w/ BDCs) Index
Multisector Bond Fund Index
Taxable Bond & BDC Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 68,300,886
Total Assets (Reported: Dec. 31, 2023) $1,041M
Estimated Total Assets $1,051M
Net Assets $881M
Market Cap $458M
Portfolio Turnover 8.00%
Total Leverage 16.14%
Structural Leverage (out of total) 83.46%
Portfolio Leverage (out of total) 16.54%
Expense Ratio 2.46%
Non Lev Exp Ratio 1.45%
Rel Lev Cost 5.23%
Discount Data
Average Discount (3 Yr) -28.73%
Discount Low(3 Yr) -52.00%
Discount High(3 Yr) -12.87%
Discount Rel Range (3 Yr) 10.27%
Comp Discount -44.29
Discount St Dev (1Yr) 5.48
Z-Stat
Z-Stat (6mo) -0.89
Z-Stat (1Yr) -1.50
Z-Stat (3Yr) -2.10
Comp Z-Stat (6mo) -1.52
Comp Z-Stat (3Yr) -1.98
Distribution Data
Market Yield 6.89%
Income Yield 6.89%
Lev Adj NAV Yield 3.08%
Distribution Frequency M
Current Distribution $0.039
Current Income $0.039
Ex-Date 3/20/24
Payable Date 3/28/24
Div Growth (3yr) -50.00%
Dividend Change -50.0% on 1/4/24
Expected Div 4/1/24
RoC (1yr) 0.00%
RoC (3yr) 34.88%
Tax Dividend Data 2022 2020 - 2022
Income 56.9% 42.7%
ST Gains 0% 0%
QDI 0.3% 0.6%
LT Gains 0% 0%
RoC 43.1% 57.3%
Volume & Liquidity
Average Daily $ (K) $2,787
Avg Volume 30 day 331,229
Avg Volume 90 day 415,315
Volume Trend -20.25%
Comp Volume Trend -16.69%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
47.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
51.0%
Price Correlation (1yr)
vs. CEFA's Multisector Bond Fund Index
48.0%
Most Correlated Peer (Mk Pr): DSL 47.0%
NAV - Price Correlation (30 d) 74.1%
NAV - Price Correlation (90 d) -38.0%
NAV - Price Correlation (1 Yr) 61.5%
Price St Dev (1Yr) 31.5%
NAV St Dev (1Yr) 7.5%
Earnings
Earnings / Share (12/31/23) $0.026
Earn Coverage 67.27%
Earnings Trend Down
UNII / Share (12/31/23) $0.775
Rel UNII 167.64
UNII Trend Down
Bond Specific Data
Maturity 4.00
Duration
Credit Rating (rbo) B
Investment Grade 0.58%
Non Investment Grade 24.95%
Unrated Bonds 74.47%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.05
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.17
NAV Beta (2yr)
vs. CEFA's Multisector Bond Fund Index
0.24

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies 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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