# EDGAR Filing Document

**Accession Number:** 0001354917
**File Stem:** 0002048251-26-001889
**Filing Date:** 2026-3
**Character Count:** 28962
**Document Hash:** 48d7005ab29355fb2a5edf1fa0e98df3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-001889.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0002048251-26-001889

**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:** 26709352

**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:** 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:** $1441408438.21

**Total Liabilities:** $229007728.31

**Net Assets:** $1212400709.90

**Cash Not Reported:** $140795126.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000171609 | 0.18%                | 0.71%                | 0.41%                |
| Class ID C000171610 | 0.18%                | 0.63%                | 0.37%                |
| Class ID C000171611 | 0.22%                | 0.75%                | 0.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4102001.27              | $-477775.43                                |
| Month 2  | $1916420.89              | $7769529.80                                |
| Month 3  | $8396137.98              | $-6677084.45                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                               | ABIOMED INC - CVR CONTINGENT VALUE RIGHT                               | CUSIP: 003CVR016<br>LEI: N/A                  | Long             | EC               |  | US        |    171486 | NS      | $174915.72    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| AIR LEASE CORPORATION                             | AIR LEASE CORP COMMON STOCK                                            | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               |  | US        |    709050 | NS      | $45542281.50  | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDER & BALDWIN, INC.                         | ALEXANDER & BALDWIN INC REIT                                           | CUSIP: N/A<br>LEI: 254900TP8X40TRBKC281       | Long             | EC               |  | US        |    621151 | NS      | $12820556.64  | 1.06%             |  |  |  | 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      | $718.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollomics Inc                                    | APOLLOMICS INC WT EXPIRATION: 12/08/27                                 | CUSIP: G0411D115<br>LEI: N/A                  | N/A              | DE               |  | US        |     71084 | NC      | $789.03       | 0.00%             |  |  |  | No            |                  2 | 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      |
| ASPEN INSURANCE HOLDINGS LIMITED                  | ASPEN INSURANCE HOLDINGS-A COMMON STOCK                                | CUSIP: G05384501<br>LEI: 549300YX6HECG9XQCQ75 | Short            | EC               |  | US        |   -618110 | NS      | $-22931881.00 | -1.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Avidity Biosciences Inc                           | AVIDITY BIOSCIENCES INC COMMON STOCK                                   | CUSIP: 05370A108<br>LEI: N/A                  | Long             | EC               |  | US        |    824400 | NS      | $59463972.00  | 4.90%             |  |  |  | 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      | $5015000.00   | 0.41%             | 2035-10-25      | Floating      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| N/A                                               | BLUEPRINT MEDICINES CORP - CVR CONTINGENT VALUE RIGHT                  | CUSIP: 09627Y109<br>LEI: N/A                  | Long             | EC               |  | US        |    428410 | NS      | $197068.60    | 0.02%             |  |  |  | No            |                  3 | 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        |  17450000 | PA      | $18555108.50  | 1.53%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL, INC.                       | BRIGHTHOUSE FINANCIAL INC COMMON STOCK                                 | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               |  | US        |    548392 | NS      | $35530317.68  | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | BRK: GOLDMAN SACHS                                                     | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DE               |  | XX        |    921660 | NC      | $661498.11    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | BRK: GOLDMAN SACHS                                                     | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DE               |  | GB        |  20264410 | NC      | $1004813.86   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | BRK: GOLDMAN SACHS                                                     | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DE               |  | GB        |   1031240 | NC      | $-173738.09   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Cantaloupe, Inc.                                  | CANTALOUPE INC COMMON STOCK                                            | CUSIP: 138103106<br>LEI: 529900O54DBQQVWO9Q85 | Short            | EC               |  | US        |   -499000 | NS      | $-5299380.00  | -0.44%            |  |  |  | No            |                  1 | 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      | $967.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES, INC.                            | CHART INDUSTRIES INC COMMON STOCK                                      | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               |  | US        |    169010 | NS      | $34854932.30  | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CIDARA THERAPEUTICS INC                           | CIDARA THERAPEUTICS INC COMMON STOCK                                   | CUSIP: 171757206<br>LEI: N/A                  | Long             | EC               |  | US        |    269080 | NS      | $59437081.20  | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWATER ANALYTICS HOLDINGS, INC.               | CLEARWATER ANALYTICS HDS-A COMMON STOCK                                | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               |  | US        |   1492220 | NS      | $35992346.40  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMSCOPE, LLC                                    | COMMSCOPE, LLC 12/17/2029                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              |  | US        |  26500000 | PA      | $26584270.00  | 2.19%             | 2029-12-17      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| CONFLUENT, INC.                                   | CONFLUENT INC-CLASS A COMMON STOCK                                     | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               |  | US        |   1382600 | NS      | $41809824.00  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG SYSTEMS INTERNATIONAL, INC.                   | CSG SYSTEMS INTL INC COMMON STOCK                                      | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               |  | US        |    372410 | NS      | $28560122.90  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CYBERARK SOFTWARE LTD.                            | CYBERARK SOFTWARE LTD/ISRAEL COMMON STOCK                              | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               |  | US        |    169498 | NS      | $75606277.88  | 6.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DAYFORCE, INC.                                    | DAYFORCE INC COMMON STOCK                                              | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               |  | US        |   1372080 | NS      | $94893052.80  | 7.83%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | DREYFUS TREASURY PRIME CASH MANAGEMENT/ CLASS A                        | CUSIP: 261908107<br>LEI: N/A                  | Long             | STIV             |  | US        |   4268393 | PA      | $4268393.22   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ECHOSTAR CORPORATION                              | ECHOSTAR CORP 10.750000% 11/30/2029                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |  15750000 | PA      | $17428653.74  | 1.44%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ELECTRONIC ARTS INC.                              | ELECTRONIC ARTS INC COMMON STOCK                                       | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               |  | US        |    198760 | NS      | $40612630.80  | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| EQV VENTURES ACQUISITION CORP II WT               | EQV VENTURES ACQUISITION CORP II WT EXPIRATION: 06/30/31               | CUSIP: G3106Q128<br>LEI: N/A                  | N/A              | DE               |  | US        |     50000 | NC      | $17500.00     | 0.00%             |  |  |  | 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      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EXACT SCIENCES CORPORATION                        | EXACT SCIENCES CORP COMMON STOCK                                       | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               |  | US        |    467200 | NS      | $47448832.00  | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTIER COMMUNICATIONS PARENT, INC.              | FRONTIER COMMUNICATIONS PARE COMMON STOCK                              | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               |  | US        |   1195500 | NS      | $45512685.00  | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| KD3XUN7C6T14HNAYLU02                              | FX Forward Contract: GBP/USD SETTLE 2026-02-18                         | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | GB        |         1 | NC      | $77822.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KD3XUN7C6T14HNAYLU02                              | FX Forward Contract: USD/CAD SETTLE 2026-03-18                         | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $-826506.97   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| KD3XUN7C6T14HNAYLU02                              | FX Forward Contract: USD/GBP SETTLE 2026-02-18                         | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $1225.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KD3XUN7C6T14HNAYLU02                              | FX Forward Contract: USD/GBP SETTLE 2026-02-18                         | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $69346.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KD3XUN7C6T14HNAYLU02                              | FX Forward Contract: USD/GBP SETTLE 2026-02-18                         | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $66381.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KD3XUN7C6T14HNAYLU02                              | FX Forward Contract: USD/GBP SETTLE 2026-02-18                         | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | US        |         1 | NC      | $106486.04    | 0.01%             |  |  |  | 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            |                  3 | On Loan: No      |
| GETTY IMAGES, INC.                                | GETTY IMAGES INC 144A 10.500000% 11/15/2030                            | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4036055.56   | 0.33%             | 2030-11-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: —       |
| UNKNOWN                                           | 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      |
| GUESS ?, INC.                                     | GUESS? INC COMMON STOCK                                                | CUSIP: 401617105<br>LEI: 549300QVH3ZK2DW0KP86 | Long             | EC               |  | US        |       601 | NS      | $10066.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| HILLENBRAND, INC.                                 | HILLENBRAND INC COMMON STOCK                                           | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               |  | US        |   1838250 | NS      | $58309290.00  | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLOGIC, INC.                                     | HOLOGIC INC COMMON STOCK                                               | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               |  | US        |    786100 | NS      | $58556589.00  | 4.83%             |  |  |  | No            |                  1 | 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      | $108899.88    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| InterRent Real Estate Investment Trust            | INTERRENT REAL ESTATE INVEST REIT                                      | CUSIP: 46071W205<br>LEI: N/A                  | Long             | EC               |  | CA        |   5234020 | NS      | $50364197.56  | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| JAMF HOLDING CORP.                                | JAMF HOLDING CORP COMMON STOCK                                         | CUSIP: 47074L105<br>LEI: 254900IHLXZU4Z5ANA12 | Long             | EC               |  | US        |   2712430 | NS      | $35288714.30  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| LightWave Acquisition Corp                        | LIGHTWAVE ACQUISITION CORP UNIT                                        | CUSIP: G5490M118<br>LEI: N/A                  | Long             | EC               |  | US        |    100000 | NS      | $1019000.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMEN TECHNOLOGIES INC.                           | LUMEN TECHNOLOGIES INC. 4/16/2029                                      | CUSIP: 55024EAF2<br>LEI: N/A                  | Long             | LON              |  | US        |  25386238 | PA      | $25289515.97  | 2.09%             | 2029-04-16      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| MCGRATH RENTCORP                                  | MCGRATH RENTCORP COMMON STOCK                                          | CUSIP: 580589109<br>LEI: N/A                  | Long             | EC               |  | US        |         1 | NS      | $104.93       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MCGRATH RENTCORP                                  | MCGRATH RENTCORP COMMON STOCK                                          | CUSIP: 580589109<br>LEI: N/A                  | Short            | EC               |  | US        |        -1 | NS      | $-104.93      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST MARKETS SECURITIES INC                    | NATWEST MARKETS SECURITIES INC. SLRPA 3.840% 01/02/2026                | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               |  | GB        |      1420 | PA      | $1420.00      | 0.00%             | 2026-01-02      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| NOVARTIS AG - CVR                                 | NOVARTIS AG - CVR 1 SHARE OF 66987VCVR AND 40 USD PER KDNY             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |    268873 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                               | NOVO NORDISK A/S- CVR CONTINGENT VALUE RIGHT                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |    214300 | NS      | $139295.00    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| PALO ALTO NETWORKS, INC.                          | PALO ALTO NETWORKS INC COMMON STOCK                                    | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Short            | EC               |  | US        |   -372992 | NS      | $-68705126.40 | -5.67%            |  |  |  | No            |                  1 | On Loan: No      |
| PLYMOUTH INDUSTRIAL REIT, INC.                    | PLYMOUTH INDUSTRIAL REIT INC REIT                                      | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               |  | US        |    390301 | NS      | $8539785.88   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| PROASSURANCE CORPORATION                          | PROASSURANCE CORP COMMON STOCK                                         | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Long             | EC               |  | US        |   1162610 | NS      | $28088657.60  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SEALED AIR CORPORATION                            | SEALED AIR CORP 144A 6.500000% 07/15/2032                              | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4159412.00   | 0.34%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORPORATION                            | SEALED AIR CORP COMMON STOCK                                           | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               |  | US        |   1428350 | NS      | $59176540.50  | 4.88%             |  |  |  | No            |                  1 | 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        |   8000000 | PA      | $8341984.00   | 0.69%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SEMRUSH HOLDINGS, INC.                            | SEMRUSH HOLDINGS INC-A COMMON STOCK                                    | CUSIP: 81686C104<br>LEI: 254900WQEX0OLGK16D27 | Long             | EC               |  | US        |   3474250 | NS      | $41308832.50  | 3.41%             |  |  |  | No            |                  1 | 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      | $4299.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Soho House & Co Inc.                              | SOHO HOUSE & CO INC COMMON STOCK                                       | CUSIP: 586001109<br>LEI: 213800XNSPPBRF2E5A41 | Long             | EC               |  | US        |   1669215 | NS      | $14956166.40  | 1.23%             |  |  |  | No            |                  1 | 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      | $851.74       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TXNM Energy, Inc.                                 | TXNM ENERGY INC COMMON STOCK                                           | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               |  | US        |    463854 | NS      | $27311723.52  | 2.25%             |  |  |  | No            |                  1 | On Loan: —       |
| MJX VENTURE MANAGEMENT II LLC                     | VENTURE XXVII CLO LTD VENTR 2017-27RA A                                | CUSIP: 60689WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    311480 | PA      | $311868.93    | 0.03%             | 2030-07-21      | Floating      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE, INC.                    | WALGREENS BOOTS ALLIANCE INC COMMON STOCK                              | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               |  | US        |   3915428 | NS      | $2075176.84   | 0.17%             |  |  |  | No            |                  3 | On Loan: No      |
| WORLDPAY/BOOST NEWCO 1/25 (USD) TLB               | WORLDPAY/BOOST NEWCO 1/25 (USD) TLB 1/31/2031                          | CUSIP: 92943EAG1<br>LEI: N/A                  | Long             | LON              |  | US        |  24315356 | PA      | $24383803.87  | 2.01%             | 2031-01-31      | Floating      | 5.67%                 | 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