Highland Funds I - Highland Income Fund (HFRO) Research

The Highland Funds I - Highland Floating Rate Opportunities Fund operates as a closed-end mutual fund dedicated to fixed income investments, originally launched by Highland Capital Management, L.P. Its management responsibilities are overseen by Highland Capital Management Fund Advisors, L.P. The fund's investment approach encompasses fixed income markets worldwide, primarily targeting instruments that offer floating rate returns. This strategy largely involves adjustable rate senior loans provided to corporations and partnerships, as well as other financial products considered floating rate investments. It actively seeks opportunities within the sphere of below-investment-grade securities and also incorporates derivatives into its investment methodology. The performance of its portfolio is measured against the Credit Suisse Leveraged Loan Index. Founded in the United States on January 13, 2000, the fund was formerly recognized as Pyxis Funds I - Pyxis Floating Rate Opportunities Fund.

Market snapshot

Symbol
HFRO
Price
$7.32
Day change
+1.53%
Market cap
$405.6M
P/E ratio
-15.12x
52-week range
5.03-7.365
Sector
Financial Services
Industry
Asset Management - Income

Peer companies

  • Saba Capital Income & Opportunities Fund (BRW)
  • Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF)
  • Nuveen Real Asset Income and Growth Fund (JRI)
  • BlackRock MuniHoldings New York Quality Fund, Inc. (MHN)
  • BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)
  • BlackRock MuniYield New York Quality Fund, Inc. (MYN)
  • Nuveen New York Quality Municipal Income Fund (NAN)
  • Virtus Convertible & Income Fund (NCV)

Recent insider activity

  • Saba Capital Management, L.P. — P-Purchase (123589 shares) on 2026-06-09
  • Saba Capital Management, L.P. — P-Purchase (6759 shares) on 2026-06-05
  • Saba Capital Management, L.P. — P-Purchase (18017 shares) on 2026-06-04
  • Saba Capital Management, L.P. — P-Purchase (28440 shares) on 2026-06-03
  • Saba Capital Management, L.P. — P-Purchase (78346 shares) on 2026-06-02

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