Highland Opportunities and Income Fund

Fund Profile

Fund profile

Fund manager

Highland Funds I - Highland Income Fund

Total assets

$1.00 bn

Liabilities

$154.64 mm

Net assets

$845.78 mm

Number of holdings

75.00

75 Holdings

As of Sep 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
NFRO SFR REIT SUB	114.98 mm	4.90 mm shares	13.59	Common equity	Long	USA
NFRO REIT SUB LLC NFRO REIT SUB	102.56 mm	113.03 mm shares	12.13	Common equity	Long	USA
NFRO REIT SUB LLC NFRO REIT SUB II	79.30 mm	90.44 mm shares	9.38	Common equity	Long	USA
NREF NexPoint Real Estate Finance, Inc.	68.34 mm	4.37 mm shares	8.08	Common equity	Long	USA
NFRO HOLDINGS, LLC	62.93 mm	2.28 mm shares	7.44	Common equity	Long	USA
NEXLS LLC	55.67 mm	960.28 shares	6.58	Common equity	Long	USA
EDS LEGACY PARTNERS 12/31/2049	54.83 mm	54.83 mm principal	6.48	Loan	Long	USA
SFR OPERATING PARTNERSHIP, L.P. CONVERTIBLE NOTE	48.50 mm	50.00 mm principal	5.73	Debt	Long	USA
IQHQ INC PRIVATE COMPANY	45.25 mm	2.01 mm shares	5.35	Common equity	Long	USA
NHT CONVERTIBLE PROMISSORY NOTE	33.86 mm	42.89 mm principal	4.00	Debt	Long	USA
CCS MEDICAL INC.(CHRONIC CARE) LX113924	32.76 mm	12.03 mm shares	3.87	Common equity	Long	USA
NEXPOINT STORAGE PARTNERS SERIES A PREFERRED STOCK	25.08 mm	32.20 k shares	2.96	Common equity	Long	USA
JUNIOR CREDIT TERM LOAN	17.75 mm	17.82 mm principal	2.10	Debt	Long	USA
SAPIENCE THERAPEUTICS PROMISSORY NOTE	15.00 mm	150.00 k principal	1.77	Debt	Long	USA
CARESTREAM HEALTH, INC. 9/30/2027	14.90 mm	16.22 mm principal	1.76	Loan	Long	USA
MEANINGFUL PARTNERS DEDICATEDCAPITAL VEHICLE II LP COMMON STOCK	13.07 mm	522.75 k shares	1.55	Common equity	Long	USA
DREYFUS TREASURY PRIME CASH MANAGEMENT/ CLASS A	12.75 mm	12.75 mm principal	1.51	Short-term investment vehicle	Long	USA
MIDWAVE WIRELESS 2/27/2020	10.48 mm	10.50 mm principal	1.24	Loan	Long	USA
TALO Talos Energy Inc.	10.46 mm	1.01 mm shares	1.24	Common equity	Long	USA
SAPIENCE SERIES B-1 PREFERRED SHARES	9.46 mm	3.44 mm shares	1.12	Common equity	Long	USA
NXRT NexPoint Residential Trust, Inc.	8.80 mm	200.05 k shares	1.04	Common equity	Long	USA
NXDT NexPoint Diversified Real Estate Trust	8.65 mm	1.38 mm shares	1.02	Common equity	Long	USA
MIDWAVE WIRELESS, INC COMMON STOCK	8.63 mm	27.13 k shares	1.02	Common equity	Long	USA
SFR WLIF III, LLC	8.06 mm	9.00 mm shares	0.95	Common equity	Long	USA
SAPIENCE SERIES B PREFERRED SHARES	7.67 mm	2.36 mm shares	0.91	Common equity	Long	USA
LAKE AT LAS VEGAS 12/31/22	6.39 mm	6.96 mm principal	0.76	Loan	Long	USA
NREF OP IV REIT SUB, LLC TERM LOAN @ FIXED 7.50%	6.08 mm	6.50 mm principal	0.72	Debt	Long	USA
NXLST PROM NOTE 1 4.2% 12/31/28	5.85 mm	5.85 mm principal	0.69	Debt	Long	USA
N/A	5.05 mm	6.40 mm principal	0.60	Debt	Long	USA
GALAXY XXVI CLO LTD GALXY 2018-26A F	5.01 mm	5.45 mm principal	0.59	ABS-collateralized bond/debt obligation	Long	Cayman Islands
SFR OPERATING PARTNERSHIP, L.P. CONVERTIBLE NOTE	4.85 mm	5.00 mm principal	0.57	Debt	Long	USA
BHR Braemar Hotels & Resorts Inc.	4.72 mm	325.98 k shares	0.56	Preferred equity	Long	USA
LLV HOLDCO INC LLVHSAM01	4.01 mm	34.51 k shares	0.47	Common equity	Long	USA
NREF NexPoint Real Estate Finance, Inc.	3.60 mm	150.98 k shares	0.43	Preferred equity	Long	USA
SOUTH STREET SECURITIES FUNDING LLC 144A 6.250000% 12/30/2026	3.40 mm	4.00 mm principal	0.40	Debt	Long	USA
APNIMED, INC SERIES C-1	3.29 mm	270.25 k shares	0.39	Preferred equity	Long	USA
NORTHWOODS CAPITAL XII-B LTD WOODS 2018-12BA F	2.93 mm	4.00 mm principal	0.35	ABS-collateralized bond/debt obligation	Long	Cayman Islands
ZAIS CLO 8 LTD ZAIS8 2018-1A E	2.73 mm	3.30 mm principal	0.32	ABS-collateralized bond/debt obligation	Long	Cayman Islands
TSAT Telesat Corporation	2.56 mm	194.30 k shares	0.30	Common equity	Long	USA
MAN GLG US CLO GLGU 2018-1A DR	2.22 mm	2.50 mm principal	0.26	ABS-collateralized bond/debt obligation	Long	Cayman Islands
ZAIS CLO 3 LTD ZCLO3 2015-3A DR	2.12 mm	3.00 mm principal	0.25	ABS-collateralized bond/debt obligation	Long	Cayman Islands
SYMPHONY CLO XXVI LTD SYMP 2021-26A ER	1.95 mm	2.00 mm principal	0.23	ABS-collateralized bond/debt obligation	Long	Cayman Islands
PARK AVENUE INSTITUTIONAL ADVISERS CLO LTD 2021-2 PAIA 2021-2A E	1.92 mm	2.00 mm principal	0.23	ABS-collateralized bond/debt obligation	Long	Cayman Islands
MADISON PARK FUNDING XXIX LTD MDPK 2018-29A F	1.90 mm	2.00 mm principal	0.22	ABS-collateralized bond/debt obligation	Long	Cayman Islands
ATLAS SENIOR LOAN FUND XII LTD ATCLO 2018-12A E	1.86 mm	2.40 mm principal	0.22	ABS-collateralized bond/debt obligation	Long	Cayman Islands
APNIMED, INC SERIES C-2	1.86 mm	144.13 k shares	0.22	Preferred equity	Long	USA
SARANAC CLO III LTD SRANC 2014-3A ER	1.74 mm	3.15 mm principal	0.21	ABS-collateralized bond/debt obligation	Long	Jersey
OZLM XXII LTD OZLM 2018-22A E	1.71 mm	3.11 mm principal	0.20	ABS-collateralized bond/debt obligation	Long	Cayman Islands
ACAS CLO 2015-1 LTD MP7 2015-1A FRR	1.57 mm	6.42 mm principal	0.19	ABS-collateralized bond/debt obligation	Long	Cayman Islands
MPMQ MPM Holdings Inc.	1.50 mm	299.03 k shares	0.18	Common equity	Long	USA
DRYDEN 36 SENIOR LOAN FUND DRSLF 2014-36A ER2	1.46 mm	1.54 mm principal	0.17	ABS-collateralized bond/debt obligation	Long	Cayman Islands
VOYA CLO 2013-2 LTD INGIM 2013-2A DR	1.15 mm	1.27 mm principal	0.14	ABS-collateralized bond/debt obligation	Long	Cayman Islands
WHLR Wheeler Real Estate Investment Trust, Inc.	1.00 mm	47.30 k shares	0.12	Preferred equity	Long	USA
CIFC FUNDING 2014 LTD CIFC 2014-1A ER2	992.50 k	1.00 mm principal	0.12	ABS-collateralized bond/debt obligation	Long	Cayman Islands
GOLDENTREE LOAN MANAGEMENT US CLO 3 LTD GLM 2018-3A F	959.52 k	1.00 mm principal	0.11	ABS-collateralized bond/debt obligation	Long	Cayman Islands
ATLAS SENIOR LOAN FUND LTD ATCLO 2017-8A F	904.13 k	1.50 mm principal	0.11	ABS-collateralized bond/debt obligation	Long	Cayman Islands
VIBRANT CLO 1X LTD VIBR 2018-9A D	885.90 k	1.00 mm principal	0.10	ABS-collateralized bond/debt obligation	Long	Cayman Islands
CIFC 2014-4RA SUB - Cifc Funding 2014-IV-R Ltd 10/17/2030	858.95 k	3.32 mm principal	0.10	ABS-mortgage backed security	Long	Cayman Islands
WINDR 2014-2A SUB - THL CREDIT WIND RIVER 2014-2 C 01/15/2031	857.61 k	5.96 mm principal	0.10	ABS-mortgage backed security	Long	Cayman Islands
CLOVER CREDIT PARTNERS CLO III LTD CLVR 2017-1A F	830.85 k	3.02 mm principal	0.10	ABS-collateralized bond/debt obligation	Long	Cayman Islands
HGLB Highland Global Allocation Fund	677.89 k	86.25 k shares	0.08	Common equity	Long	USA
CIFC 2013-2A SUB - CIFC Funding 2013-II Ltd 10/18/2030	552.80 k	5.46 mm principal	0.07	ABS-mortgage backed security	Long	Cayman Islands
CIFC 2015-1A SUB - CIFC Funding 2015-I Ltd 01/22/2031	298.20 k	3.00 mm principal	0.04	ABS-mortgage backed security	Long	Cayman Islands
CIFC 2014-1A SUB - CIFC Funding 2014 Ltd 01/18/2031	200.00 k	2.50 mm principal	0.02	ABS-mortgage backed security	Long	Cayman Islands
WHLR Wheeler Real Estate Investment Trust, Inc.	192.58 k	82.30 k shares	0.02	Preferred equity	Long	USA
MIDWAVE WIRELESS 5/20 TL 2/28/2022	81.47 k	81.61 k principal	0.01	Loan	Long	USA
MIDWAVE WIRELESS H 2/28/2022	76.01 k	76.15 k principal	0.01	Loan	Long	USA
VALUE CREATION INC LX113920	51.67 k	1.12 mm shares	0.01	Common equity	Long	USA
LLV HOLDCO INC LLVHSBM01	50.67 k	435.65 shares	0.01	Common equity	Long	USA
CCMO iHeartCommunications, Inc.	2.71 k	3.10 k principal	0.00	Debt	Long	USA
HAYGOOD, LLC COMMON STOCK	0	68.83 k shares	0.00	Common equity	Long	USA
SAPIENCE WARRANTS 08/23/2027	0	1.80 mm shares	0.00	Common equity	Long	USA
CLAYMORE COMMON STOCK	0	10.93 mm shares	0.00	Common equity	Long	USA
ALLENBY COMMON STOCK	0	3.12 mm shares	0.00	Common equity	Long	USA
TXN Texas Instruments Incorporated	-8.49 mm	-41.10 k shares	-1.00	Common equity	Short	USA