HFRO-PA

The Highland Floating Rate Opportunities Fund, operating under Highland Funds I, is a closed-end mutual fund that specializes in fixed income investments. This fund was initiated by Highland Capital Management, L.P., and its portfolio is actively managed by Highland Capital Management Fund Advisors, L.P. It strategically allocates capital across international fixed-income markets, with a primary focus on floating-rate debt instruments. A significant portion of its holdings comprises adjustable-rate senior loans extended to corporations and partnerships. Notably, the fund seeks exposure to securities rated below investment grade and integrates derivatives into its investment approach. Its performance is measured and benchmarked against the Credit Suisse Leveraged Loan Index. Established on January 13, 2000, and domiciled in the United States, the fund was formerly known as Pyxis Funds I - Pyxis Floating Rate Opportunities Fund.