C000261876 Fees and Costs — NexPoint Credit Catalyst Fund, Class Z
Data updated: 2026-09-14
The net expense ratio is 1.75% (2.63% before fee waivers). This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $3K in broker commissions, 0.0105% of average net assets.
C000261876 Fees and Expenses
Annual operating expenses and sales charges of C000261876. Prospectus, as of July 2, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.35% |
| Other expenses | 1.28% |
| Gross expense ratio | 2.63% |
| Fee waiver | −0.88% |
| Net expense ratio | 1.75% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000261876 Costs Over Time
On $10,000 invested in C000261876, assuming 5% a year before costs, total costs come to $1,727 over 5 years, cutting the return by 3.01% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $647 | $550 | $550 |
| Fund expenses (net expense ratio 1.75%) | $174 | $538 | $925 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $27 | $114 | $247 |
| Total costs | $850 | $1,204 | $1,727 |
| Value after costs | $9,650 | $10,372 | $11,036 |
| Impact on return, per year | 8.50% | 3.78% | 3.01% |
C000261876 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0105%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $66.5M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
C000261876 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $1K | 50.87% |
| MORGAN STANLEY & CO, INC | $502 | 19.01% |
| J P MORGAN CHASE BANK | $313 | 11.86% |
| JEFFERIES LLC | $140 | 5.32% |
| BLAIR, WILLIAM, & COMPANY, L.L.C. | $125 | 4.74% |
| BAML | $112 | 4.24% |
| INTERNATIONAL STRATEGY & INVESTMENT GROUP | $100 | 3.79% |
| BERNSTEIN - PROGRAM TRADE | $4 | 0.17% |
C000261876 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $19.9M | 31.26% |
| J P MORGAN CHASE BANK | $16.8M | 26.47% |
| BTIG | $6.2M | 9.81% |
| WELLS FARGO | $5.1M | 8.02% |
| STIFEL NICOLAUS & CO., INC. | $4.8M | 7.60% |
| CITIGROUP | $4.0M | 6.37% |
| MORGAN STANLEY & CO, INC | $2.5M | 3.96% |
| SEAPORT SECURITIES CORPORATION | $1.8M | 2.77% |
| BARCLAY BANK PLC | $1.4M | 2.17% |
| DEUTSCHE BANK SECURITIES, INC. | $1.0M | 1.57% |
NexPoint Credit Catalyst Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000261878 | Class C | 1.40% | none |
| C000261876 | Class Z | 1.75% | 5.50% |
| C000261877 | Class A | 2.40% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.