Performance

1As of 11/13/2018Class AClass CClass LClass Z
Net Asset Value (NAV)$20.14$20.24$0.00$20.25
Daily NAV Change ($)$0.06$0.05$0.00$0.06
Daily NAV Change (%)0.30%0.25%0.00%0.30%
1As of 10/31/2018 MonthlyQuarterlyClass AClass A (w/sales charge)Class CClass LClass Z
Year To Date4.38%-1.63%3.98%0.00%4.67%
One Year12.21%5.77%12.33%0.00%13.31%
Since Inception7.72%4.95%7.30%0.00%8.05%

Performance results reflect the contractual waivers and/or reimbursements of fund expenses by the Advisor. Absent this limitation, performance results would have been lower. The Advisor has contractually agreed to waive its fees and to pay or absorb the ordinary annual operating expenses of the Fund (including organizational and offering expenses, but excluding distribution fees, interest, dividend expenses on short sales, brokerage commissions and other transaction costs, acquired fund fees and expenses, taxes, litigation expenses and extraordinary expenses), (the “Expense Limitation”). If the Fund incurs expenses excluded from the Expense Limitation Agreement, the Fund’s expense ratio would be higher and could exceed the Expense Limitation. The Expense Limitation Agreement may not be amended or terminated for one year from May 1, 2019, unless approved by the Board.

Distributions: Last 12 Months*

Payment Frequency: Monthly

Share Class Type Ex-Date Payable Date Record Date Amount
Class A Income Dividend 10/30/2018 10/31/2018 10/29/2018 0.106176
Class A Income Dividend 9/27/2018 9/28/2018 9/26/2018 0.106354
Class A Income Dividend 8/30/2018 8/31/2018 8/29/2018 0.106145
Class A Income Dividend 7/30/2018 7/31/2018 7/27/2018 0.106143
Class A Income Dividend 6/28/2018 6/29/2018 6/27/2018 0.106331
Class A Income Dividend 5/30/2018 5/31/2018 5/29/2018 0.105498
Class A Income Dividend 4/27/2018 4/30/2018 4/26/2018 0.106018
Class A Income Dividend 3/28/2018 3/29/2018 3/27/2018 0.10617
Class A Income Dividend 2/27/2018 2/28/2018 2/26/2018 0.106104
Class A Income Dividend 1/30/2018 1/31/2018 1/29/2018 0.105975
Class A Income Dividend 12/28/2017 12/29/2017 12/27/2017 0.224466
Class A Income Dividend 11/29/2017 11/30/2017 11/28/2017 0.109967
Class A Income Dividend 10/30/2017 10/31/2017 10/27/2017 0.105565
Class A Income Dividend 9/28/2017 9/29/2017 9/27/2017 0.105946
Class A Income Dividend 8/30/2017 8/31/2017 8/29/2017 0.105164
Class A Income Dividend 7/28/2017 7/31/2017 7/27/2017 0.105682
Class A Income Dividend 6/29/2017 6/30/2017 6/28/2017 0.106023
Class A Income Dividend 5/30/2017 5/31/2017 5/26/2017 0.105201
Class A Income Dividend 4/27/2017 4/28/2017 4/26/2017 0.105924
Class A Income Dividend 3/30/2017 3/31/2017 3/29/2017 0.105677
Class A Income Dividend 2/27/2017 2/28/2017 2/24/2017 0.105614
Class A Income Dividend 1/30/2017 1/31/2017 1/27/2017 0.105753
Class A Income Dividend 12/29/2016 12/30/2016 12/28/2016 0.1057
Class A Income Dividend 11/29/2016 11/30/2016 11/28/2016 0.096
Share Class Type Ex-Date Payable Date Record Date Amount
Class C Income Dividend 10/30/2018 10/31/2018 10/29/2018 0.094013
Class C Income Dividend 9/27/2018 9/28/2018 9/26/2018 0.095579
Class C Income Dividend 8/30/2018 8/31/2018 8/29/2018 0.09437
Class C Income Dividend 7/30/2018 7/31/2018 7/27/2018 0.095398
Class C Income Dividend 6/28/2018 6/29/2018 6/27/2018 0.107859
Class C Income Dividend 5/30/2018 5/31/2018 5/29/2018 0.092018
Class C Income Dividend 4/27/2018 4/30/2018 4/26/2018 0.093724
Class C Income Dividend 3/28/2018 3/29/2018 3/27/2018 0.094911
Class C Income Dividend 2/27/2018 2/28/2018 2/26/2018 0.094081
Class C Income Dividend 1/30/2018 1/31/2018 1/29/2018 0.093771
Class C Income Dividend 12/28/2017 12/29/2017 12/27/2017 0.212054
Class C Income Dividend 11/29/2017 11/30/2017 11/28/2017 0.093456
Class C Income Dividend 10/30/2017 10/31/2017 10/27/2017 0.092562
Class C Income Dividend 9/28/2017 9/29/2017 9/27/2017 0.094349
Class C Income Dividend 8/30/2017 8/31/2017 8/29/2017 0.091513
Class C Income Dividend 7/28/2017 7/31/2017 7/27/2017 0.09307
Class C Income Dividend 6/29/2017 6/30/2017 6/28/2017 0.092708
Class C Income Dividend 5/30/2017 5/31/2017 5/26/2017 0.091755
Class C Income Dividend 4/27/2017 4/28/2017 4/26/2017 0.092944
Class C Income Dividend 3/30/2017 3/31/2017 3/29/2017 0.092373
Class C Income Dividend 2/27/2017 2/28/2017 2/24/2017 0.093772
Class C Income Dividend 1/30/2017 1/31/2017 1/27/2017 0.093399
Class C Income Dividend 12/29/2016 12/30/2016 12/28/2016 0.091225
Class C Income Dividend 11/29/2016 11/30/2016 11/28/2016 0.100003
Share Class Type Ex-Date Payable Date Record Date Amount
Class Z Income Dividend 10/30/2018 10/31/2018 10/29/2018 0.110565
Class Z Income Dividend 9/27/2018 9/28/2018 9/26/2018 0.110378
Class Z Income Dividend 8/30/2018 8/31/2018 8/29/2018 0.110343
Class Z Income Dividend 7/30/2018 7/31/2018 7/27/2018 0.110132
Class Z Income Dividend 6/28/2018 6/29/2018 6/27/2018 0.110056
Class Z Income Dividend 5/30/2018 5/31/2018 5/29/2018 0.110055
Class Z Income Dividend 4/27/2018 4/30/2018 4/26/2018 0.110058
Class Z Income Dividend 3/28/2018 3/29/2018 3/27/2018 0.110057
Class Z Income Dividend 2/27/2018 2/28/2018 2/26/2018 0.110058
Class Z Income Dividend 1/30/2018 1/31/2018 1/29/2018 0.110066
Class Z Income Dividend 12/28/2017 12/29/2017 12/27/2017 0.22854
Class Z Income Dividend 11/29/2017 11/30/2017 11/28/2017 0.110003
Class Z Income Dividend 10/30/2017 10/31/2017 10/27/2017 0.110004
Class Z Income Dividend 9/28/2017 9/29/2017 9/27/2017 0.110003
Class Z Income Dividend 8/30/2017 8/31/2017 8/29/2017 0.110004
Class Z Income Dividend 7/28/2017 7/31/2017 7/27/2017 0.110003
Class Z Income Dividend 6/29/2017 6/30/2017 6/28/2017 0.110003
Class Z Income Dividend 5/30/2017 5/31/2017 5/26/2017 0.110004
Class Z Income Dividend 4/27/2017 4/28/2017 4/26/2017 0.110003
Class Z Income Dividend 3/30/2017 3/31/2017 3/29/2017 0.110004
Class Z Income Dividend 2/27/2017 2/28/2017 2/24/2017 0.110003
Class Z Income Dividend 1/30/2017 1/31/2017 1/27/2017 0.110003
Class Z Income Dividend 12/29/2016 12/30/2016 12/28/2016 0.110004
Class Z Income Dividend 11/29/2016 11/30/2016 11/28/2016 0.100003

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.

1The NAV is based on the initial anticipated offering price as the Fund had not, as of today, issued Class L Shares.

*Distributions are not guaranteed and may be suspended, modified or terminated at the discretion of the board of directors. The distribution is calculated by taking the sum of a fund’s total trailing 12-month interest and dividend payments divided by the last month’s ending share price (NAV) plus any capital gains distributed over the same period. Source: Morningstar Direct. The distributions were paid from income, and not a return of capital.

The performance data quoted here represents past performance and is no guarantee of future results.Investment returns and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For performance data current to the most recent month-end, please visit our website at www.nexpointres.com. 

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.nexpointres.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.

An investment in the Fund involves a considerable amount of risk. It is possible that you may lose money, including the risk that you may receive little or no return on your investment or that you may lose part or all of your investment. Consequently, you can lose money by investing in the Fund. No assurance can be given that the Fund will achieve its investment objective, and investment results may vary substantially over time and from period to period. An investment in the Fund is suitable only for investors who can bear the risks associated with the limited liquidity of the shares and should be viewed as a long-term investment. Before making your investment decision, you should (i) consider the suitability of this investment with respect to your investment objectives and personal financial situation and (ii) consider factors such as your personal net worth, income, age, risk tolerance and liquidity needs. An investment in the Fund is not appropriate for all investors.

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