NexPoint Diversified Real Estate Trust (NXDT)

[Enterprising Investor]

Closed-End Funds: 5 Funds Beating The S&P 500 YTD (5/10/18)

NexPoint Strategic Opportunities Fund (NHF)

NHF has an investment objective of providing current income and capital appreciation. The fund invests in below investment grade debt and equity securities and has the ability to hedge. The latest fact sheet from March 31, 2018, shows that equities and REITs make up 34.6% and 28.1% of the portfolio allocation and collateralized loan obligations, loans and bonds make up 24.5%, 7%, and 5.3%, respectively.

The YTD performance for the NAV is 3.41% while the market price has fallen -4.96%. This fund has the widest discount of the 5 listed funds at -12.03% and seems like it's due partly to the fact that NAV has been increasing while the market price has been decreasing. The current NAV yield sits at 9.08% with a market yield of 10.32%.

This fund was also included in a previous article I had published "Closed-End Funds: 5 Funds Trading At A Wide Discount." It appears that this fund is still maintaining the discount that was present at the time of the other article.

https://seekingalpha.com/article/4172562-closed-end-funds-5-funds-beating-s-and-p-500-ytd