Please review the forms and documents regarding NexPoint Opportunistic Credit Fund by clicking the links below.  Download Adobe Reader for free here.

Fund Literature

Fact Sheet
Education Guide
Highland Code of Ethics

SEC Filings

Class A Prospectus
Class C Prospectus
Class Z Prospectus

Class A SAI
Class C SAI
Class Z SAI

Highland Opportunistic Credit Fund Form N-14 Proxy Prospectus
Highland Opportunistic Credit Fund Form N-14 SAI


See all SEC filings

RISK FACTORS

New Account Application
First Trust Retirement Kit
First Trust Retirement IRA Kit

Payment Frequency: Monthly

Share Class Type Ex-Date Payable Date Record Date Amount
Class A Income Dividend 1/31/2017 1/31/2017 1/31/2017 0.03378292
 Class A Income Dividend 12/30/2016 12/30/2016 12/30/2016 0.066203515
Class A Income Dividend 11/30/2016 11/30/2016 11/30/2016 0.032191045
Class A Income Dividend 10/31/2016 10/31/2016 10/31/2016 0.028463456
Class A Income Dividend 9/30/2016 9/30/2016 9/30/2016 0.03224875
Class A Income Dividend 8/31/2016 8/31/2016 8/31/2016 0.03210466
Class A Income Dividend 7/29/2016 7/29/2016 7/29/2016 0.031291387
Class A Income Dividend 6/30/2016 6/30/2016 6/30/2016 0.033705909
Class A Income Dividend 5/31/2016 5/31/2016 5/31/2016 0.037903878
Class A Income Dividend 4/29/2016 4/29/2016 4/29/2016 0.046323632
Class A Income Dividend 3/31/2016 3/31/2016 3/31/2016 0.043645759
Class A Income Dividend 2/29/2016 2/29/2016 2/29/2016 0.041665933

 

Share Class Type Ex-Date Payable Date Record Date Amount
Class C Income Dividend 1/31/2017 1/31/2017 1/31/2017 0.03199476
Class C Income Dividend 12/30/2016 12/30/2016 12/30/2016 0.064337626
Class C Income Dividend 11/30/2016 11/30/2016 11/30/2016 0.030692035
Class C Income Dividend 10/31/2016 10/31/2016 10/31/2016 0.026897441
Class C Income Dividend 9/30/2016 9/30/2016 9/30/2016 0.030804667
Class C Income Dividend 8/31/2016 8/31/2016 8/31/2016 0.030637198
Class C Income Dividend 7/29/2016 7/29/2016 7/29/2016 0.029828871
Class C Income Dividend 6/30/2016 6/30/2016 6/30/2016 0.031781299
Class C Income Dividend 5/31/2016 5/31/2016 5/31/2016 0.036531278
Class C Income Dividend 4/29/2016 4/29/2016 4/29/2016 0.04514102
Class C Income Dividend 3/31/2016 3/31/2016 3/31/2016 0.043823309
Class C Income Dividend 2/29/2016 2/29/2016 2/29/2016 0.040552973

 

Share Class Type Ex-Date Payable Date Record Date Amount
Class Z Income Dividend 1/31/2017 1/31/2017 1/31/2017 0.034848103
Class Z  Income Dividend 12/30/2016 12/30/2016 12/30/2016 0.067032734
Class Z Income Dividend 11/30/2016 11/30/2016 11/30/2016 0.033153223
Class Z Income Dividend 10/31/2016 10/31/2016 10/31/2016 0.029477568
Class Z Income Dividend 9/30/2016 9/30/2016 9/30/2016 0.033180359
Class Z Income Dividend 8/31/2016 8/31/2016 8/31/2016 0.033050877
Class Z Income Dividend 7/29/2016 7/29/2016 7/29/2016 0.032229716
Class Z Income Dividend 6/30/2016 6/30/2016 6/30/2016 0.034498403
Class Z Income Dividend 5/31/2016 5/31/2016 5/31/2016 0.038766371
Class Z Income Dividend 4/29/2016 4/29/2016 4/29/2016 0.047035685
Class Z Income Dividend 3/31/2016 3/31/2016 3/31/2016 0.045709878
Class Z Income Dividend 2/29/2016 2/29/2016 2/29/2016 0.042339264

*For a complete list of distributions, please contact the Sales Team at 877-665-1287

Ex-Date: Date on which a stock begins trading without the benefit of the dividend. Typically, a stock’s price moves up by the dollar amount of the dividend as the ex-dividend date approaches, then falls by the amount of the dividend after that date.

Payable Date: Date on which a declared stock dividend or a bond interest payment is scheduled to be paid.

Record Date: Date on which a shareholder must officially own shares in order to be entitled to a dividend. After the date of record, the stock is said to be ex-dividend.

Income Dividend: Payout to shareholders of interest, dividends, or other income received by the Fund, net of operating expenses. By law, all such income must be distributed to shareholders, who may choose to take the money in cash or reinvest it in more shares of the Fund.

Short-Term Capital Gain: The profit realized from the sale of securities held for less than one year.

Long-Term Capital Gain: Gain on the sale of a security where the holding period was 12 months or more and the profit was subject to the long-term capital gains tax.

*Effective February 21, 2017, the Highland Opportunistic Credit Fund, a publicly offered open-end fund, (the “Predecessor Fund”) was reorganized into the NexPoint Opportunistic Credit Fund (the “Fund”). The Class Z performance information shown for periods prior to February 21, 2017, but after June 30, 2014, is that of the Predecessor Fund. Effective July 1, 2014, the Highland Special Situations Fund, a privately-offered closed-end fund, (the “Special Situations Fund”) was reorganized into the Predecessor Fund. The Class Z performance information shown for periods prior to July 1, 2014 is that of the Special Situations Fund. The returns of the Class A and Class C Shares would have substantially similar returns as Class Z because the classes are invested in the same portfolio of securities and the annual returns would differ only to the extent that classes have different expenses. The Predecessor Fund was managed by an affiliate of the Adviser with the same investment objective and substantially similar investment strategies as the Fund and the Special Situations Fund was managed by an affiliate of the Adviser with the same investment objective and substantially similar investment strategies as the Predecessor Fund.

Mr. Dondero, a current portfolio manager of the Fund, also managed the Predecessor Fund since its prior reorganization on July 1, 2014, and the Special Situations Fund since its inception on May 18, 2005. Mr. Parker, a current portfolio manager of the Fund, also managed the Predecessor Fund since June 15, 2015.

 Before investing in the Fund, you should carefully consider the Fund’s investment objectives, risks, charges and expenses. For a copy of a prospectus which contains this and other information, please visit our website at www.nexpointoc.com or call 1-877-665-1287. Please read the fund prospectus carefully before investing. Check with your investment professional to determine which funds are available for sale within their firm. Not all funds are available for sale at all firms.