<SEC-DOCUMENT>0001752724-20-070735.txt : 20200415
<SEC-HEADER>0001752724-20-070735.hdr.sgml : 20200415
<ACCEPTANCE-DATETIME>20200415133143
ACCESSION NUMBER:		0001752724-20-070735
CONFORMED SUBMISSION TYPE:	NT N-CEN
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20191231
FILED AS OF DATE:		20200415
DATE AS OF CHANGE:		20200415
EFFECTIVENESS DATE:		20200415

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NexPoint Strategic Opportunities Fund
		CENTRAL INDEX KEY:			0001356115
		IRS NUMBER:				800139099
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21869
		FILM NUMBER:		20793232

	BUSINESS ADDRESS:	
		STREET 1:		200 CRESCENT COURT
		STREET 2:		SUITE 700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
		BUSINESS PHONE:		972-628-4100

	MAIL ADDRESS:	
		STREET 1:		200 CRESCENT COURT
		STREET 2:		SUITE 700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NexPoint Credit Strategies Fund
		DATE OF NAME CHANGE:	20120702

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Pyxis Credit Strategies Fund
		DATE OF NAME CHANGE:	20120109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Highland Credit Strategies Fund
		DATE OF NAME CHANGE:	20060314
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CEN
<SEQUENCE>1
<FILENAME>primary_doc.xml
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            <principalTotalPurchaseSale>10938493.25</principalTotalPurchaseSale>
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            <principalTotalPurchaseSale>4999989</principalTotalPurchaseSale>
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            <principalName>WELLS FARGO SECURITIES</principalName>
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            <principalTotalPurchaseSale>30377425.109999988</principalTotalPurchaseSale>
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            <principalTotalPurchaseSale>4984850</principalTotalPurchaseSale>
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          </principalTransaction>
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            <principalName>NOMURA SECURITIES</principalName>
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          </principalTransaction>
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          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>213968952.37</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>897366674.18336987</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>Common Stock</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="XNYS" commonStockTickerSymbol="NHF"/>
          </commonStocks>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <repurchaseSecurities isRepurchaseSecurity="Y">
        <repurchaseSecurityType>Common stock</repurchaseSecurityType>
      </repurchaseSecurities>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>1.35</managementFee>
      <netOperatingExpenses>0.0325</netOperatingExpenses>
      <marketPricePerShare>17.71000000</marketPricePerShare>
      <netAssetValuePerShare>21.23</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <attachmentsTab>
      <isLegalProceedings>true</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="NexPoint Strategic Opportunities Fund" signedDate="2020-03-04" signature="Jason Post" title="Chief Compliance Officer"/>
  </formData>
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</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>2
<FILENAME>NSOF_ICL.txt
<DESCRIPTION>INTERNAL CONTROL LETTER
<TEXT>
Report of Independent Registered Public Accounting
Firm
To the Board of Trustees and Shareholders of
NexPoint Strategic Opportunities Fund
In planning and performing our audit of the
financial statements of NexPoint Strategic
Opportunities Fund (the Fund) as of and for the year
ended December 31, 2019, in accordance with the
standards of the Public Company Accounting Oversight
Board (United States) (PCAOB), we considered the
Funds internal control over financial reporting,
including controls over safeguarding securities, as
a basis for designing our auditing procedures for
the purpose of expressing our opinion on the
financial statements and to comply with the
requirements of Form N-CEN, but not for the purpose
of expressing an opinion on the effectiveness of the
Funds internal control over financial reporting.
Accordingly, we do not express an opinion on the
effectiveness of the Funds internal control over
financial reporting.
The management of the Fund is responsible for
establishing and maintaining effective internal
control over financial reporting. In fulfilling this
responsibility, estimates and judgments by
management are required to assess the expected
benefits and related costs of controls. A companys
internal control over financial reporting is a
process designed to provide reasonable assurance
regarding the reliability of financial reporting and
the preparation of financial statements for external
purposes in accordance with generally accepted
accounting principles. A companys internal control
over financial reporting includes those policies and
procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and
fairly reflect the transactions and dispositions of
the assets of the company; (2) provide reasonable
assurance that transactions are recorded as
necessary to permit preparation of financial
statements in accordance with generally accepted
accounting principles, and that receipts and
expenditures of the company are being made only in
accordance with authorizations of management and
directors of the company; and (3) provide reasonable
assurance regarding prevention or timely detection
of unauthorized acquisition, use or disposition of a
companys assets that could have a material effect on
the financial statements.
Because of its inherent limitations, internal
control over financial reporting may not prevent or
detect misstatements. Also, projections of any
evaluation of effectiveness to future periods are
subject to the risk that controls may become
inadequate because of changes in conditions, or that
the degree of compliance with the policies or
procedures may deteriorate.
A deficiency in internal control over financial
reporting exists when the design or operation of a
control does not allow management or employees, in
the normal course of performing their assigned
functions, to prevent or detect misstatements on a
timely basis. A material weakness is a deficiency,
or a combination of deficiencies, in internal
control over financial reporting, such that there is
a reasonable possibility that a material
misstatement of the companys annual or interim
financial statements will not be prevented or
detected on a timely basis.
Our consideration of the Funds internal control over
financial reporting was for the limited purpose
described in the first paragraph and would not
necessarily disclose all deficiencies in internal
control over financial reporting that might be
material weaknesses under standards established by
the PCAOB. However, we noted the following
deficiency in the Funds internal control over
financial reporting and its operation, including
controls over safeguarding securities, that we
consider to be a material weakness as defined above
as of December 31, 2019.
Controls over the application of fair value
accounting with respect to the validation of fair
value methodologies were not sufficiently designed
to ensure the appropriateness of the fair value
determinations reached for Level 3 real estate-
related holdings.
This report is intended solely for the information
and use of the Board of Trustees of NexPoint
Strategic Opportunities Fund and the Securities and
Exchange Commission and is not intended to be and
should not be used by anyone other than these
specified parties.

PricewaterhouseCoopers LLP
Dallas, Texas
April 10, 2020
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>LEGAL PROCEEDINGS
<SEQUENCE>3
<FILENAME>NHF_-_G.1.a.txt
<DESCRIPTION>LEGAL PROCEEDINGS
<TEXT>
NexPoint Strategic Opportunities Fund
Item G.1.a.i. - Legal Proceedings
Case or Docket Number: 05-15-01463-CV
Full Names of Principal Parties: Claymore Holdings,
LLC v. Credit Suisse AG, Cayman Islands Branch and
Credit Suisse Securities (USA) LLC
Brief Description: Two Highland-managed funds, the
NexPoint Strategic Opportunities Fund and the
Highland Income Fund, are the beneficiaries of a
+$400 million judgment (including accrued interest)
against Credit Suisse related to a syndicated real
estate transaction fraudulently underwritten by the
Swiss bank.  Credit Suisse is appealing the judgment
against it.  The two funds also are participants in
a similar action against Credit Suisse related to
five additional real estate deals in which the funds
allege Credit Suisse committed fraud in relation to
the underwriting.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
