Investor Presentaiton
Summary Portfolio Characteristics
Quarter Ended September 30, 2023
PORTFOLIO COMPOSITION
As of September 30, 2023, the Fund's gross assets
totaled $1.046 billion.
The Fund's long assets were approximately 73.25%
commercial real estate (debt & equity) and 26.75% non-
real estate-related assets invested across debt
securities, public and private equity, and structured
products.
The Fund held 102 positions with the top-ten holdings
comprising 65.19% of the long-only assets.
The Fund paid $0.23 in distributions during the quarter
for a distribution rate of approximately 6.8% of NAV.
Ticker
CUSIP
GENERAL INFORMATION
HFRO
43010E404
Inception Date
January 13, 2000
1.67(1)
Expense Ratio
Total Managed Assets (M) $1,090
Total Net Assets (M)
$925
Jim Dondero, CFA
Scott Johnson
Co-Founder, President,
Portfolio Manager
PORTFOLIO CHARACTERISTICS
Number of Holdings
102
Monthly Distribution Rate Per Share
$0.077
Distribution Rate (Price)
11.5%
Distribution Rate (NAV)
6.8%
Regulatory Leverage (M)
Leverage Percentage
$164
15.1%
* Distributions may include income and/or return of capital. The Fund had
a return of capital in 2022 of 71.4 % and expects similar results in 2023.
1.
The Expense Ratio shown is reported in the Fund's Annual Report Dated December 31, 2022.
NEXPOINT
NOVEMBER 2023
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