<SEC-DOCUMENT>0001752724-21-054872.txt : 20210316
<SEC-HEADER>0001752724-21-054872.hdr.sgml : 20210316
<ACCEPTANCE-DATETIME>20210316172515
ACCESSION NUMBER:		0001752724-21-054872
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20201231
FILED AS OF DATE:		20210316
DATE AS OF CHANGE:		20210316
EFFECTIVENESS DATE:		20210316

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:		N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21869
		FILM NUMBER:		21747138

	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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          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>218534944.71</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>815052161.7</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>Common Stock</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="XNYS" commonStockTickerSymbol="NHF"/>
          </commonStocks>
        </securityRelatedItem>
      </securityRelatedItems>
      <rightsOfferingFunds isRightsOffering="Y">
        <rightsOfferingFund>
          <rightsOfferingTypes>
            <rightsOfferingType>Preferred stock</rightsOfferingType>
          </rightsOfferingTypes>
          <rightsOfferingParticipationPercent>100</rightsOfferingParticipationPercent>
        </rightsOfferingFund>
      </rightsOfferingFunds>
      <isSecondaryOffering>N</isSecondaryOffering>
      <repurchaseSecurities isRepurchaseSecurity="Y">
        <repurchaseSecurityType>Common stock</repurchaseSecurityType>
      </repurchaseSecurities>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>1.19</managementFee>
      <netOperatingExpenses>0.0255</netOperatingExpenses>
      <marketPricePerShare>10.52</marketPricePerShare>
      <netAssetValuePerShare>17.32</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="2021-03-04" signature="Jason Post" title="Chief Compliance Officer"/>
  </formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>LEGAL PROCEEDINGS
<SEQUENCE>2
<FILENAME>NP_StratOpp_Legal.txt
<DESCRIPTION>HIGHLAND LEGAL PROCEEDINGS
<TEXT>
Stradley Ronon Stevens & Young, LLP v. Highland Funds
I, Highland Funds II, Highland Income Fund (formerly Highland Floating Rate
Opportunities Fund), Highland Global Allocation Fund,
NexPoint Strategic Opportunities Fund, NexPoint
Capital, Inc., NexPoint Real Estate Strategies Fund,
NexPoint Discount Strategies Fund, NexPoint Strategic
Income Fund, NexPoint Energy Opportunities Fund,
NexPoint Healthcare Opportunities Fund, NexPoint
Latin American Opportunities Fund, NexPoint Event-
Driven Fund, Dr. Bob Froehlich, John W. Honis, Timothy
K. Hui, Ethan K. Powell, Bryan A. Ward, Court of
Common Pleas Philadelphia County; Case ID:
181101406

Claim for breach of contract, promissory estoppel, and
unjust enrichment for failure to pay for legal services.
Settled. The effective date of the Settlement Agreement
is March 2, 2020.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>LEGAL PROCEEDINGS
<SEQUENCE>3
<FILENAME>NHF_-_G.1.a.txt
<DESCRIPTION>HIGHLAND 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>
<DOCUMENT>
<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>4
<FILENAME>ICL_NHF.txt
<DESCRIPTION>INTERNAL CONTROL LETTER
<TEXT>

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Shareholders and Board of Trustees 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,
2020, 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 express no such opinion.

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 funds
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 (GAAP).  A funds
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
fund; (2) provide reasonable assurance that
transactions are recorded as necessary to permit
preparation of financial statements in accordance
with GAAP, and that receipts and expenditures of
the fund are being made only in accordance with
authorizations of management and trustees of the
fund; and (3) provide reasonable assurance
regarding prevention or timely detection of
unauthorized acquisition, use or disposition of a
funds 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 combination of deficiencies, in internal control
over financial reporting, such that there is a
reasonable possibility that a material misstatement
of the Funds 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 that might be material weaknesses
under standards established by the PCAOB.  However,
we noted no deficiencies 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, 2020.

This report is intended solely for the information
and use of management and the Board of Trustees of
the 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.


COHEN & COMPANY, LTD.
Cleveland, Ohio
March 3, 2021


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
