Highland Opportunistic Credit Fund — new fund registration

Highland Funds I registered 1 new fund series on Form 485APOS, filed 2014-03-21. Featured series: Highland Opportunistic Credit Fund.

Registration

Registrant / trust: Highland Funds I
CIK: 0001354917
Form: 485APOS
Filed: 2014-03-21
State of incorporation: DE
Accession: 0001193125-14-110572
Reported net assets: $6.9M

Series & classes (3)

Series	Class	Ticker	New
Highland Opportunistic Credit Fund	Class A	—	Yes
Highland Opportunistic Credit Fund	Class C	—	Yes
Highland Opportunistic Credit Fund	Class Z	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.35%
Gross expense ratio: 2.49%
Management fee: 1.00%
Net expense ratio: 1.25%
Other expenses: 1.10%

Investment objective

The investment objective of Highland Opportunistic Credit Fund (the Opportunistic Credit Fund or the Fund) is to seek to achieve high total returns while attempting to minimize losses. The Fund is currently in the process of an orderly liquidation; therefore, shares are not available for purchase by new or existing shareholders.

Advisers

Highland Capital Management Fund Advisors, L.P. (Advisor)