NexPoint Diversified Real Estate Trust (NXDT-PA)

The NexPoint Diversified Real Estate Trust, a closed-end, balanced mutual fund, was established by Highland Capital Management, L.P. Its management is overseen by Nexpoint Advisors, L.P. This trust primarily focuses its investment efforts on the fixed income markets within the United States, building its portfolio by allocating capital across a broad spectrum of company sectors. Its typical holdings encompass various instruments such as senior loans, both secured and unsecured floating and fixed-rate loans, and bonds. The fund also invests in debt obligations from financially stressed, distressed, or bankrupt issuers, alongside mortgage-backed securities (MBS), asset-backed securities (ABS), and collateralized debt obligations (CDOs), with a significant emphasis on debt and equity securities that are considered below investment grade. Portfolio construction relies on a rigorous quantitative analysis methodology. For performance comparison, the fund benchmarks itself against the Dow Jones Credit Suisse Hedge Fund and the HFRX Global Hedge Fund. Previously known as the NexPoint Strategic Opportunities Fund, this entity was formed on June 1, 2006, and is domiciled in the United States.