# EDGAR Filing Document

**Accession Number:** 0001354917
**File Stem:** 0001752724-25-147370
**Filing Date:** 2025-6
**Character Count:** 45875
**Document Hash:** 9db48ae6de5049bcddce7987278ddc9d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-147370.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0001752724-25-147370

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20241231

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEXPOINT FUNDS I
- **CENTRAL INDEX KEY:** 0001354917

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21866
- **FILM NUMBER:** 251055161

**BUSINESS ADDRESS:**
- **STREET 1:** 300 CRESCENT COURT
- **STREET 2:** SUITE 700
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-276-6300

**MAIL ADDRESS:**
- **STREET 1:** 300 CRESCENT COURT
- **STREET 2:** SUITE 700
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Highland Funds I
- **DATE OF NAME CHANGE:** 20130208

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PYXIS FUNDS I
- **DATE OF NAME CHANGE:** 20120109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Highland Funds I
- **DATE OF NAME CHANGE:** 20060302

## Series and Classes Contracts Data

### NexPoint Merger Arbitrage Fund (Series ID: S000054634)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000171609 | Class A      | HMEAX           |
| C000171610 | Class C      | HMECX           |
| C000171611 | Class Z      | HMEZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** NexPoint Funds I

- **b. Investment Company Act file number:** 811-21866

- **c. CIK number of Registrant:** 0001354917

- **d. LEI of Registrant:** 549300D4RVXJJ0JOL180

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 200 CRESCENT COURT

  - **City:** DALLAS

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75201

  - **Telephone number:** 9726284100

**Item A.2. Information about the Series.**

- **a. Name of Series:** Nexpoint Merger Arbitrage Fund

- **b. EDGAR series identifier (if any):** S000054634

- **c. LEI of Series:** 549300O24D7XG2BMWB63

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2024-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $924365103.96

**Total Liabilities:** $98728643.01

**Net Assets:** $825636460.95

**Cash Not Reported:** $110467390.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000171609 | 0.49%                | 0.31%                | 0.00%                |
| Class ID C000171610 | 0.40%                | 0.32%                | -0.05%               |
| Class ID C000171611 | 0.51%                | 0.35%                | 0.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-13276563.23            | $2599563.25                                |
| Month 2  | $5466071.29              | $-3673790.61                               |
| Month 3  | $2955841.80              | $-6141693.38                               |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                              | Title                                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Covestro AG                                       | COVESTRO AG-TEND COMMON STOCK                                           | CUSIP: N/A<br>LEI: 3912005AWHKLQ1CPLV11       | Long             | EC               |  | DE        |    246117 | NS      | $14781495.67  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-01-15                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $59011.35     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/CAD SETTLE 2025-01-09                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $175659.27    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/EUR SETTLE 2025-06-30                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $99597.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-02-28                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $95948.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | NOVARTIS AG - CVR 1 SHARE OF 66987VCVR AND 40 USD PER KDNY              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |    268873 | NS      | $104860.47    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CARGO AIRCRAFT MANAGEMENT, INC                    | CARGO AIRCRAFT MANAGEMENT INC 144A 4.750000% 02/01/2028                 | CUSIP: 14180LAA4<br>LEI: 549300GH5J7LOMV44F11 | Long             | DBT              | CORP              | US        |  17500000 | PA      | $17374012.95  | 2.10%             | 2028-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SMX (Security Matters) PLC                        | SMX SECURITY MATTERS PLC WT EXPIRATION: 03/07/28                        | CUSIP: G8267K117<br>LEI: N/A                  | N/A              | DE               |  | IE        |    113155 | NC      | $6212.21      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CERo Therapeutics Holdings Inc                    | CERO THERAPEUTICS HOLDINGS INC WT EXPIRATION: 02/14/29                  | CUSIP: 71902K113<br>LEI: N/A                  | N/A              | DE               |  | US        |    108741 | NC      | $902.55       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-01-15                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $154626.31    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-02-28                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $71179.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HESS CORPORATION                                  | HESS CORP COMMON STOCK                                                  | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               |  | US        |    160969 | NS      | $21410486.69  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MJX VENTURE MANAGEMENT II LLC                     | VENTURE XXVII CLO LTD VENTR 2017-27RA A                                 | CUSIP: 60689WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7847111 | PA      | $7856920.20   | 0.95%             | 2030-07-21      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| N/A                                               | DREYFUS TREASURY PRIME CASH MANAGEMENT/ CLASS A                         | CUSIP: 261908107<br>LEI: N/A                  | Long             | STIV             |  | US        | 152663843 | PA      | $152663842.88 | 18.49%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/CAD SETTLE 2025-05-30                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $-987.27      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | BRK - GOLDMAN SACHS                                                     | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DE               |  | GB        |    135751 | NC      | $2332.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-02-28                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $46354.78     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HARGREAVES LANSDOWN PLC                           | HARGREAVES LANSDOWN PLC COMMON STOCK                                    | CUSIP: N/A<br>LEI: 2138008ZCE93ZDSESG90       | Long             | EC               |  | GB        |   2637452 | NS      | $36268392.00  | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/CAD SETTLE 2025-05-30                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $-19861.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ENDEAVOR GROUP HOLDINGS, INC.                     | ENDEAVOR GROUP HOLD-CLASS A COMMON STOCK                                | CUSIP: 29260Y109<br>LEI: N/A                  | Long             | EC               |  | US        |   1174847 | NS      | $36760962.63  | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK DIAMOND CLO LTD.                            | BLACK DIAMOND CLO 2022-1 LTD BLACK 2022-1A A1A                          | CUSIP: 09203BAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   5000000 | PA      | $5012500.00   | 0.61%             | 2035-10-25      | Floating      | 7.13%                 | Yes           |                  2 | On Loan: No      |
| INTEGRATED RAIL AND RESOURCES ACQUISITION CORP WT | INTEGRATED RAIL AND RESOURCES ACQUISITION CORP WT EXPIRATION: 11/12/26  | CUSIP: 45827R114<br>LEI: N/A                  | N/A              | DE               |  | US        |    147162 | NC      | $22074.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEOK, INC.                                       | ONEOK INC COMMON STOCK                                                  | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Short            | EC               |  | US        |    -19802 | NS      | $-1988120.80  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/CAD SETTLE 2025-01-09                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $131671.15    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/EUR SETTLE 2025-06-30                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $262613.95    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR TRANSPORT SERVICES GROUP, INC.                | ATSG US 03/21/25 C22.5 SHORT                                            | CUSIP: 4YG992YH9<br>LEI: 5493000F3MSFGIXTQE27 | N/A              | DE               |  | US        |     -1996 | NC      | $-49900.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/EUR SETTLE 2025-06-30                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $103227.41    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-03-19                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $7473.24      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES STEEL CORPORATION                   | X US 01/17/25 P47 SHORT                                                 | CUSIP: N/A<br>LEI: JNLUVFYJT1OZSIQ24U47       | N/A              | DE               |  | US        |     -3000 | NC      | $-4222500.00  | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| MCGRATH RENTCORP                                  | MCGRATH RENTCORP COMMON STOCK                                           | CUSIP: 580589109<br>LEI: N/A                  | Long             | EC               |  | US        |         1 | NS      | $111.82       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERI HOLDINGS INC.                               | EVERI HOLDINGS INC 144A 5.000000% 07/15/2029                            | CUSIP: 30034TAA1<br>LEI: 5299006DK5S7BG10K532 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5003427.20   | 0.61%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/EUR SETTLE 2025-06-30                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $196207.64    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-02-28                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $14540.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-02-28                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $19380.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITAL FOUR US CLO LTD                           | CAPITAL FOUR US CLO III LTD C4US 2022-2A A2                             | CUSIP: 14016LAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $6036000.00   | 0.73%             | 2035-01-21      | Floating      | 7.62%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/CAD SETTLE 2025-01-09                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $79355.48     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-02-28                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $71336.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EVEREST CONSOLIDATOR ACQUISITION CORP WT          | EVEREST CONSOLIDATOR ACQUISITION CORP WT EXPIRATION: 07/19/28           | CUSIP: 29978K110<br>LEI: N/A                  | N/A              | DE               |  | US        |     30463 | NC      | $612.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMMIT MATERIALS, INC.                            | SUMMIT MATERIALS INC -CL A COMMON STOCK                                 | CUSIP: 86614U100<br>LEI: 549300XNOLX5GIOSO108 | Long             | EC               |  | US        |    295699 | NS      | $14962369.40  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ENLINK MIDSTREAM, LLC                             | ENLINK MIDSTREAM LLC UNIT                                               | CUSIP: 29336T100<br>LEI: 54930000GY1H533OBE23 | Long             | EC               |  | US        |    140241 | NS      | $1984410.15   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RETAIL OPPORTUNITY INVESTMENTS CORP.              | RETAIL OPPORTUNITY INVESTMEN REIT                                       | CUSIP: 76131N101<br>LEI: N/A                  | Long             | EC               |  | US        |   2409493 | NS      | $41828798.48  | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SARATOGA INVESTMENT CORP SENIOR LOAN FUND LTD     | SARATOGA INVESTMENT CORP SENIOR LOAN FUND 2022-1 L SARAT 2022-1A A2     | CUSIP: 80349PAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5011250.00   | 0.61%             | 2033-10-20      | Floating      | 7.22%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/CAD SETTLE 2025-05-30                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $-597.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES STEEL CORPORATION                   | X US 01/17/25 C47 SHORT                                                 | CUSIP: N/A<br>LEI: JNLUVFYJT1OZSIQ24U47       | N/A              | DE               |  | US        |     -1926 | NC      | $-223416.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/CAD SETTLE 2025-05-30                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $-41.75       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHEVRON CORPORATION                               | CHEVRON CORP COMMON STOCK                                               | CUSIP: 166764100<br>LEI: N/A                  | Short            | EC               |  | US        |   -164992 | NS      | $-23897441.28 | -2.89%            |  |  |  | No            |                  1 | On Loan: No      |
| HashiCorp Inc                                     | HASHICORP INC-CL A COMMON STOCK                                         | CUSIP: 418100103<br>LEI: 549300XGOB9ZFQHMIP56 | Long             | EC               |  | US        |    705053 | NS      | $24119863.13  | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AltEnergy Acquisition Corp                        | ALTENERGY ACQUISITION CORP WT EXPIRATION: 11/02/28                      | CUSIP: 02157M116<br>LEI: N/A                  | N/A              | DE               |  | US        |     12500 | NC      | $6282.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITVIC PLC                                       | BRITVIC PLC COMMON STOCK                                                | CUSIP: N/A<br>LEI: 635400L3NVMYD4BVCI53       | Long             | EC               |  | GB        |   1696189 | NS      | $27807073.54  | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-02-28                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $102783.04    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/CAD SETTLE 2025-01-09                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $275288.45    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-02-28                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $45585.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHAMPIONX CORPORATION                             | CHAMPIONX CORP COMMON STOCK                                             | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               |  | US        |    455416 | NS      | $12382761.04  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ENSTAR GROUP LIMITED                              | ENSTAR GROUP LTD COMMON STOCK                                           | CUSIP: G3075P101<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EC               |  | US        |     87630 | NS      | $28221241.50  | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES STEEL CORPORATION                   | X US 01/17/25 C50 LONG                                                  | CUSIP: N/A<br>LEI: JNLUVFYJT1OZSIQ24U47       | N/A              | DE               |  | US        |      5052 | NC      | $328380.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollomics Inc                                    | APOLLOMICS INC WT EXPIRATION: 12/08/27                                  | CUSIP: G0411D115<br>LEI: N/A                  | N/A              | DE               |  | US        |     71084 | NC      | $661.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | BRK - GOLDMAN SACHS                                                     | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DE               |  | GB        |   2265435 | NC      | $5657.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Schlumberger N.V.                                 | SCHLUMBERGER LTD COMMON STOCK                                           | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Short            | EC               |  | US        |   -334730 | NS      | $-12833548.20 | -1.55%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/CAD SETTLE 2025-01-31                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $59461.47     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HALSEYPOINT CLO                                   | HALSEYPOINT CLO 6 LTD HLSY 2022-6A A2                                   | CUSIP: 40639GAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $6022500.00   | 0.73%             | 2034-10-20      | Floating      | 7.27%                 | Yes           |                  2 | On Loan: No      |
| LSF11 A5 HOLDCO LLC                               | LSF11 A5 HOLDCO LLC 10/15/2028                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   6169780 | PA      | $6215497.70   | 0.75%             | 2028-10-15      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| GCI LIBERTY INC - CLASS A ESCROW                  | GCI LIBERTY INC - CLASS A ESCROW COMMON STOCK                           | CUSIP: 361ESC049<br>LEI: N/A                  | Long             | EC               |  | US        |     88561 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-03-19                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $7114.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-02-28                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $240103.33    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ALTAIR ENGINEERING INC.                           | ALTAIR ENGINEERING INC 1.750000% 06/15/2027                             | CUSIP: 021369AC7<br>LEI: 549300FJ89HZ6GU9S994 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $2727899.88   | 0.33%             | 2027-06-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| REVELYST INC                                      | REVELYST INC COMMON STOCK                                               | CUSIP: 690045109<br>LEI: N/A                  | Long             | EC               |  | US        |    689936 | NS      | $13267469.28  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Gatos Silver Inc                                  | GATOS SILVER INC COMMON STOCK                                           | CUSIP: 368036109<br>LEI: N/A                  | Long             | EC               |  | US        |     86368 | NS      | $1207424.64   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BARNES GROUP INC.                                 | BARNES GROUP INC COMMON STOCK                                           | CUSIP: 067806109<br>LEI: G1MSYD2DQZX30V5DMX12 | Long             | EC               |  | US        |    979928 | NS      | $46311397.28  | 5.61%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-03-19                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $47293.29     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ARES CLO LTD                                      | ARES LXVII CLO LTD ARES 2022-67A A2                                     | CUSIP: 039939AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   5000000 | PA      | $5000000.00   | 0.61%             | 2036-01-25      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| SMARTSHEET INC.                                   | SMAR US 01/16/26 C60 SHORT                                              | CUSIP: N/A<br>LEI: 549300N9WF42OK9VL589       | N/A              | DE               |  | US        |      -192 | NC      | $-960.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER COMPANY                       | INTERNATIONAL PAPER CO COMMON STOCK                                     | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Short            | EC               |  | US        |   -573317 | NS      | $-30855920.94 | -3.74%            |  |  |  | No            |                  1 | On Loan: No      |
| NORDSTROM, INC.                                   | NORDSTROM INC COMMON STOCK                                              | CUSIP: 655664100<br>LEI: 549300S3IZB5P35KNV16 | Long             | EC               |  | US        |    330990 | NS      | $7993408.50   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES STEEL CORPORATION                   | X US 01/17/25 P40 LONG                                                  | CUSIP: N/A<br>LEI: JNLUVFYJT1OZSIQ24U47       | N/A              | DE               |  | US        |      3000 | NC      | $2505000.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWARK BSL CLO LTD                                | NEWARK BSL CLO 1 LTD NBCLO 2016-1A A1R                                  | CUSIP: 65023TAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1689501 | PA      | $1692373.61   | 0.20%             | 2029-12-21      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-02-28                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $4549.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-02-28                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $51684.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AMINO INC SERIES C                                | AMINO INC SERIES C                                                      | CUSIP: 931FZP909<br>LEI: N/A                  | Long             | EP               |  | US        |    306121 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CONSOL ENERGY INC.                                | CONSOL ENERGY INC COMMON STOCK                                          | CUSIP: 20854L108<br>LEI: 549300YJCTPJBTK7IJ81 | Short            | EC               |  | US        |   -117697 | NS      | $-12555915.96 | -1.52%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-02-28                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $1617.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-01-15                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $238952.47    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR TRANSPORT SERVICES GROUP, INC.                | AIR TRANSPORT SERVICES GROUP COMMON STOCK                               | CUSIP: 00922R105<br>LEI: 5493000F3MSFGIXTQE27 | Long             | EC               |  | US        |    913270 | NS      | $20073674.60  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/CAD SETTLE 2025-01-09                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $99080.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES STEEL CORPORATION                   | X US 01/17/25 P28 SHORT                                                 | CUSIP: N/A<br>LEI: JNLUVFYJT1OZSIQ24U47       | N/A              | DE               |  | US        |     -2526 | NC      | $-184398.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC          | ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC 144A 4.125000% 06/15/2028      | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | NUSS              | ES        |  27950000 | PA      | $26425877.28  | 3.20%             | 2028-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| OFSI BSL LTD                                      | OFSI BSL XII LTD OFSBS 2023-12A A1                                      | CUSIP: 67115UAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10022500.00  | 1.21%             | 2035-01-20      | Floating      | 7.02%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/CAD SETTLE 2025-01-09                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $246938.59    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HEROUX-DEVTEK INC.                                | HEROUX-DEVTEK INC COMMON STOCK                                          | CUSIP: 42774L109<br>LEI: 549300ZEMF0P4EU7CI78 | Long             | EC               |  | CA        |    534000 | NS      | $11799833.12  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-01-15                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $324234.15    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DS SMITH PLC                                      | DS SMITH PLC COMMON STOCK                                               | CUSIP: N/A<br>LEI: 39RSBE4RCI4M15BLWH36       | Long             | EC               |  | GB        |   4461608 | NS      | $30285314.86  | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/CAD SETTLE 2025-01-09                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $293470.59    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AVID BIOSERVICES, INC.                            | AVID BIOSERVICES INC COMMON STOCK                                       | CUSIP: 05368M106<br>LEI: 549300GRUS3ZMGP8MX22 | Long             | EC               |  | US        |   1404950 | NS      | $17351132.50  | 2.10%             |  |  |  | No            |                  1 | On Loan: —       |
| BALLY'S CORPORATION                               | BALLY'S CORP COMMON STOCK                                               | CUSIP: 05875B106<br>LEI: 549300NS4D5IK406VT62 | Long             | EC               |  | US        |    699542 | NS      | $12514806.38  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SMARTSHEET INC.                                   | SMARTSHEET INC-CLASS A COMMON STOCK                                     | CUSIP: 83200N103<br>LEI: 549300N9WF42OK9VL589 | Long             | EC               |  | US        |    864820 | NS      | $48455864.60  | 5.87%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST MAJESTIC SILVER CORP.                       | FIRST MAJESTIC SILVER CORP COMMON STOCK                                 | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Short            | EC               |  | US        |   -221144 | NS      | $-1214080.56  | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-03-19                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $97784.02     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PATTERSON COMPANIES, INC.                         | PATTERSON COS INC COMMON STOCK                                          | CUSIP: 703395103<br>LEI: YM48Q2087CUE26GWEK09 | Long             | EC               |  | US        |    187428 | NS      | $5784028.08   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| DEFAULT                                           | GRAPHJET TECHNOLOGY WT EXPIRATION: 11/16/26                             | CUSIP: G30449121<br>LEI: N/A                  | N/A              | DE               |  | MY        |    225000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARCH RESOURCES, INC.                              | ARCH RESOURCES INC COMMON STOCK                                         | CUSIP: 03940R107<br>LEI: W47HVZ7Q6FXL86RELH91 | Long             | EC               |  | US        |     88540 | NS      | $12503618.80  | 1.51%             |  |  |  | No            |                  1 | On Loan: —       |
| CI Financial Corp.                                | CI FINANCIAL CORP COMMON STOCK                                          | CUSIP: 125491100<br>LEI: 549300M9W7JJQSVCEM78 | Long             | EC               |  | CA        |    442196 | NS      | $9512963.59   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| KELLANOVA                                         | KELLANOVA COMMON STOCK                                                  | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               |  | US        |    297050 | NS      | $24052138.50  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MCGRATH RENTCORP                                  | MCGRATH RENTCORP COMMON STOCK                                           | CUSIP: 580589109<br>LEI: N/A                  | Short            | EC               |  | US        |        -1 | NS      | $-111.82      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/EUR SETTLE 2025-06-30                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $59063.10     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-03-19                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $148850.84    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/GBP SETTLE 2025-03-19                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $140993.12    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: CAD/USD SETTLE 2025-01-09                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | CA        |         1 | NC      | $-938323.64   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Spectaire Holdings Inc                            | SPECTAIRE HOLDINGS INC WT EXPIRATION: 10/17/28                          | CUSIP: 84753T117<br>LEI: N/A                  | N/A              | DE               |  | US        |    198080 | NC      | $1317.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES STEEL CORPORATION                   | X US 01/17/25 P31 SHORT                                                 | CUSIP: N/A<br>LEI: JNLUVFYJT1OZSIQ24U47       | N/A              | DE               |  | US        |     -2526 | NC      | $-505200.00   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | ABIOMED INC - CVR CONTINGENT VALUE RIGHT                                | CUSIP: 003CVR016<br>LEI: N/A                  | Long             | EC               |  | US        |    171486 | NS      | $174915.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Appreciate Holdings Inc                           | APPRECIATE HOLDINGS INC WT EXPIRATION: 11/29/27                         | CUSIP: 03832J114<br>LEI: N/A                  | N/A              | DE               |  | US        |     12612 | NC      | $0.01         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/EUR SETTLE 2025-06-30                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $5341.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PACTIV EVERGREEN GROUP ISSUER INC.                | PACTIV EVERGREEN GROUP ISSUER LLC / PACTIV EVERGRE 4.375000% 10/15/2028 | CUSIP: 69527AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5200000 | PA      | $5199995.32   | 0.63%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                              | FX Forward Contract: USD/EUR SETTLE 2025-06-30                          | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $107495.06    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Zuora Inc                                         | ZUORA INC - CLASS A COMMON STOCK                                        | CUSIP: 98983V106<br>LEI: 549300ISVGC1YZWQJ420 | Long             | EC               |  | US        |   1031950 | NS      | $10236944.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIWA CAPITAL MARKETS AMERICA INC                 | DAIWA CAPITAL MARKETS AMERICA INC. SLRPD 4.470% 01/02/2025              | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               |  | US        |       334 | PA      | $334.00       | 0.00%             | 2025-01-02      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2024-12-31

**Name of Applicant:** NexPoint Funds I

**Signature:** Stephanie Vitiello

**Name of Signer:** Stephanie Vitiello

**Title:** CCO