Highland Funds I Highland Floating Rate Opportunities Fund is a closeended fixed income mutual fund launched by Highland Capital Management LP It is managed by Highland Capital Management Fund Advisors LP The fund invests in fixed income markets of countries across the globe It primarily invests in floating rate loans and other securities deemed to be floating rate investments with an emphasis on adjustable rate senior loans to corporations and partnerships The fund seeks to invest in below investment grade securities It also invests through derivatives The fund benchmarks the performance of its portfolio against the Credit Suisse Leveraged Loan Index It was formerly known as Pyxis Funds I Pyxis Floating Rate Opportunities Fund Highland Funds I Highland Floating Rate Opportunities Fund was formed on January 13 2000 and is domiciled in the United States