# EDGAR Filing Document

**Accession Number:** 0001354917
**File Stem:** 0002048251-26-001888
**Filing Date:** 2026-3
**Character Count:** 19625
**Document Hash:** 146b48875798e3ea2ddd0dac51c7cb86
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-001888.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0002048251-26-001888

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260630

**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
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21866
- **FILM NUMBER:** 26709351

**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 Credit Catalyst Fund (Series ID: S000093541)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000261876 | Class Z      |  |
| C000261877 | Class A      |  |
| C000261878 | Class C      |  |

## 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 Credit Catalyst Fund

- **b. EDGAR series identifier (if any):** S000093541

- **c. LEI of Series:** 529900SMKBT2LWYJD836

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $27699084.98

**Total Liabilities:** $2254467.20

**Net Assets:** $25444617.78

**Cash Not Reported:** $10661.02

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -2.78381302 | **1-Year:** -150.44018569 | **5-Year:** -622.79416407 | **10-Year:** -573.12485717 | **30-Year:** -955.82625712

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -108.24037525 | **1-Year:** -1716.78874022 | **5-Year:** -3011.11997368 | **10-Year:** -65.97469338 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261876 | 0.97%                | -0.04%               | -0.16%               |
| Class ID C000261877 | -1.42%               | 0.04%                | 0.00%                |
| Class ID C000261878 | -1.38%               | 0.12%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10765.00                | $99987.15                                  |
| Month 2  | $2557.90                 | $-139486.83                                |
| Month 3  | $-4311.79                | $-151672.42                                |

**Designated Index Information**

- **Index Name:** MSCI AC World Index

- **Index Identifier:** MXWD Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BAUSCH + LOMB CORPORATION                      | BAUSCH + LOMB CORPORATION 9/29/2028                                      | CUSIP: C0787FAG7<br>LEI: N/A                  | Long             | LON              |  | US        |    997455 | PA      | $999949.11    | 3.93%             | 2028-09-29      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST                                     | BFLD COMMERCIAL MORTGAGE TRUST 2025-660F BFLD 2025-660F C                | CUSIP: 05556QAE9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1002500.00   | 3.94%             | 2042-11-15      | Floating      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER, LLC                      | BOOST NEWCO BORROWER LLC 144A 7.500000% 01/15/2031                       | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |    500000 | PA      | $531665.00    | 2.09%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL, INC. | CHARLES RIVER LABORATORIES INTERNATIONAL INC 144A 4.000000% 03/15/2031   | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    500000 | PA      | $475811.10    | 1.87%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLUE OPCO LLC                                  | CLUE OPCO LLC 144A 9.500000% 10/15/2031                                  | CUSIP: 36267QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $529830.00    | 2.08%             | 2031-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE, LLC                                 | COMMSCOPE, LLC 12/17/2029                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1000000 | PA      | $1003180.00   | 3.94%             | 2029-12-17      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| CONFLUENT, INC.                                | CONFLUENT INC ZERO COUPON 01/15/2027                                     | CUSIP: 20717MAB9<br>LEI: 254900MRZ83YWUV7SN74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973500.00    | 3.83%             | 2027-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COREWEAVE, INC.                                | COREWEAVE INC 144A 9.000000% 02/01/2031                                  | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $917770.00    | 3.61%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| N/A                                            | DBC 2025-DBC D 4.78                                                      | CUSIP: DBCDRRD03<br>LEI: N/A                  | Short            | RA               |  | US        |   -750000 | PA      | $-750000.00   | -2.95%            |  |  |  | No            |                  2 | On Loan: No      |
| DBC MORTGAGE TRUST                             | DBC 2025-DBC MORTGAGE TRUST DBC 2025-DBC D                               | CUSIP: 23306HAG0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1003903.20   | 3.95%             | 2042-11-15      | Floating      | 6.35%                 | Yes           |                  2 | On Loan: No      |
| N/A                                            | DREYFUS TREASURY PRIME CASH MANAGEMENT/ CLASS A                          | CUSIP: 261908107<br>LEI: N/A                  | Long             | STIV             |  | US        |    850145 | PA      | $850145.01    | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| DYE & DURHAM 3/24 TLB                          | DYE & DURHAM 3/24 TLB 4/4/2031                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1000000 | PA      | $928500.00    | 3.65%             | 2031-04-04      | Floating      | 8.35%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORPORATION                           | ECHOSTAR CORP 10.750000% 11/30/2029                                      | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1106581.19   | 4.35%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ELECTRONIC ARTS INC.                           | ELECTRONIC ARTS INC 2.950000% 02/15/2051                                 | CUSIP: 285512AF6<br>LEI: 549300O7A67PUEYKDL45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $928195.98    | 3.65%             | 2051-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| EMPIRE RESORTS, INC.                           | EMPIRE RESORTS INC 144A 7.750000% 11/01/2026                             | CUSIP: 292052AF4<br>LEI: 549300WBFN23L9HI5N68 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986563.70    | 3.88%             | 2026-11-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| EVENTBRITE, INC.                               | EVENTBRITE INC 0.750000% 09/15/2026                                      | CUSIP: 29975EAD1<br>LEI: 549300N6XBV2B1FAUF55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985500.00    | 3.87%             | 2026-09-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS 1/25 COV-LITE TLB      | FRONTIER COMMUNICATIONS 1/25 COV-LITE TLB 7/1/2031                       | CUSIP: 35906EAU4<br>LEI: N/A                  | Long             | LON              |  | US        |    997494 | PA      | $999523.63    | 3.93%             | 2031-07-01      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES, INC.                             | GETTY IMAGES INC 144A 10.500000% 11/15/2030                              | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504506.95    | 1.98%             | 2030-11-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM LP                              | HESS MIDSTREAM LP - CLASS A COMMON STOCK                                 | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               |  | US        |      7900 | NS      | $272550.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                   | HESS MIDSTREAM OPERATIONS LP 144A 4.250000% 02/15/2030                   | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $981713.90    | 3.86%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JAMF HOLDING CORP.                             | JAMF HOLDING CORP 0.125000% 09/01/2026                                   | CUSIP: 47074LAB1<br>LEI: 254900IHLXZU4Z5ANA12 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98800.00     | 0.39%             | 2026-09-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Janus Henderson AAA CLO ETF                    | JANUS HENDERSON AAA CLO ETF MUTUAL FUND                                  | CUSIP: 47103U845<br>LEI: N/A                  | Long             | EC               | RF                | US        |     20060 | NS      | $1014634.80   | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMEN TECHNOLOGIES INC.                        | LUMEN TECHNOLOGIES INC. 4/16/2029                                        | CUSIP: 55024EAF2<br>LEI: N/A                  | Long             | LON              |  | US        |    997451 | PA      | $993651.11    | 3.91%             | 2029-04-16      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                       | MAJORDRIVE HOLDINGS IV L 5/12/2028                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |    997396 | PA      | $908183.76    | 3.57%             | 2028-06-01      | Floating      | 12.58%                | No            |                  2 | On Loan: No      |
| MARTIN MIDSTREAM PARTNERS L.P.                 | MARTIN MIDSTREAM PARTNERS LP / MARTIN MIDSTREAM FI 11.500000% 02/15/2028 | CUSIP: 573334AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $518767.50    | 2.04%             | 2028-02-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| MATTHEWS INTERNATIONAL CORPORATION             | MATTHEWS INTERNATIONAL CORP 144A 8.625000% 10/01/2027                    | CUSIP: 577128AC5<br>LEI: 549300ZVC5O0ATML6U61 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1034695.00   | 4.07%             | 2027-10-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                            | RESIDEO FUNDING INC 144A 6.500000% 07/15/2032                            | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025060.00   | 4.03%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORPORATION                         | SEALED AIR CORP 144A 6.500000% 07/15/2032                                | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259963.25    | 1.02%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORPORATION                         | SEALED AIR CORP/SEALED AIR CORP US 144A 7.250000% 02/15/2031             | CUSIP: 812127AB4<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    500000 | PA      | $521374.00    | 2.05%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                        | SOTERA HEALTH HLDGS LLC 5/30/2031                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |   1000000 | PA      | $1006880.00   | 3.96%             | 2031-05-30      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| STARZ CAPITAL HOLDINGS 1, INC                  | STARZ CAPITAL HOLDINGS 1 INC 144A 6.000000% 04/15/2030                   | CUSIP: 535939AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $479375.00    | 1.88%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STUBHUB HOLDCO SUB, LLC                        | STUBHUB HOLDCO SUB, LLC 3/15/2030                                        | CUSIP: 74530DAH8<br>LEI: N/A                  | Long             | LON              |  | US        |    527357 | PA      | $523731.82    | 2.06%             | 2030-03-15      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| SYCA COMMERCIAL MORTGAGE TRUST                 | SYCA COMMERCIAL MORTGAGE TRUST 2025-WAG SYCA 2025-WAG E                  | CUSIP: 87114AAJ6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1012681.10   | 3.98%             | 2042-11-10      | Floating      | 7.91%                 | Yes           |                  2 | On Loan: No      |
| VICTORIA'S SECRET & CO.                        | VICTORIA'S SECRET & CO 144A 4.625000% 07/15/2029                         | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $970712.71    | 3.82%             | 2029-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST          | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-1918 WFCM 2025-1918 D         | CUSIP: 95004QAG3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1017831.20   | 4.00%             | 2040-09-15      | Floating      | 8.62%                 | Yes           |                  2 | On Loan: No      |
| N/A                                            | WFCM 2025-1918 D 4.58                                                    | CUSIP: BFLDRRC03<br>LEI: N/A                  | Short            | RA               |  | US        |   -825000 | PA      | $-825000.00   | -3.24%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | WFCM 2025-1918 D 4.78                                                    | CUSIP: WFCMRRD03<br>LEI: N/A                  | Short            | RA               |  | US        |   -750000 | PA      | $-750000.00   | -2.95%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** NexPoint Funds I

**Signature:** Stephanie Vitiello

**Name of Signer:** Stephanie Vitiello

**Title:** CCO