X0303 N-CEN LIVE 0000891079 XXXXXXXX 811-07142 N-1A true HIGHLAND FUNDS II 811-07142 0000891079 549300T75WFR889C2B67 200 Crescent Court Suite 700 Dallas 75201 US-TX US 972-628-4100 Highland Capital Management Fund Advisors, L.P. 300 Crescent Court Suite 700 Dallas 75201 1-877-665-1287 Records as Advisor for Trust Bank of New York Mellon 240 Greenwich Street New York 10286 1-212-495-1784 Records as Custodian for Trust SEI Investments Global Funds Services 1 Freedom Valley Drive OAKS 19456 610-676-1000 Records as Administrator for Trust NexPoint Securities, Inc. 300 Crescent Court Suite 700 Dallas 75201 972-628-4100 Records as Distributor for Trust N N N-1A 4 Y Bryan A. Ward N/A N Dr. Bob Froehlich N/A N John Honis N/A Y Ethan Powell N/A N Jason Post N/A 300 Crescent Court Suite 700 Dallas 75201 XXXXXX N N N N NexPoint Securities, Inc. 8-69128 000165013 N/A Y N Cohen & Company, Ltd. 925 N/A Y N N N N N Highland Small-Cap Equity Fund S000001623 549300KZRVIDFT0P7E80 N 5 0 0 N/A N N Y N N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N Revenue sharing split 474393.40000000 547.00000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 22d-1 (17 CFR 270.22d-1) Y Y Y N Highland Capital Management Fund Advisors, L.P. 801-69968 000149653 5493002K2NSYVU046L11 N First Foundation Advisors 801-35973 000106075 N/A N N DST Asset Manager Solutions, Inc 084-00896 N/A N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N Pricing Direct 549300WIC0TOJ7N7GD54 N Thomson Reuters Corporation 549300561UZND4C7B569 CA N S&P 549300U4VWNITEKO2881 N Bloomberg 254900BF4G8VMW8GG471 N IHS Markit 549300HLPTRASHS0E726 GB N N Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N NexPoint Securities, Inc. 8-69128 SEC File Number Y N N SEI Investments Global Funds Services 801-24593 SEC File Number N N N NexPoint Securities, Inc. 8-69128 000165013 N/A 0 OPPENHEIMER & ASSOCIATES 008-31756 000015168 254900vh02jqr2l8xd64 972.00000000 VIRTU FINANCIAL BD LLC 8-60815 000148390 54930088MP91YZQJT494 4577.32999999 RAYMOND JAMES 008-10999 000000705 U4ONQX15J3RO8XCKE979 338.44000000 JONES & ASSOCIATES 8-26089 000106861 N/A 20876.07000000 MERRILL LYNCH, PIERCE, FENNER & SMITH 008-07221 000007691 8NAV47T0Y26Q87Y0QP81 9337.93000000 J.P. MORGAN SECURITIES 008-35008 000000079 ZBUT11V806EZRVTWT807 6381.49000000 HEIGHT SECURITIES 8-68277 000150659 2549004KW7K0PF1U4A79 1100.59999999 BTIG LLC 008-65473 000122225 549300GTG9PL6WO3EC51 23429.16000000 STIFEL NICOLAUS & CO., INC. 008-01447 000000793 5WUVMA08EYG4KEUPW589 555.00000000 MKM PARTNERS 8-50311 000043552 54930015ODYESNP2QX15 5124.16000000 73589.03000000 0.00000000 Y 27234945.92000000 N N N N Highland Fixed Income Fund S000001613 254900CBZHWE9LBS7A92 N 5 0 0 N/A N N Y N N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N Revenue sharing split 1862664.72000000 20519.00000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 22d-1 (17 CFR 270.22d-1) Y Y Y N Highland Capital Management Fund Advisors, L.P. 801-69968 000149653 5493002K2NSYVU046L11 N First Foundation Advisors 801-35973 000106075 N/A N N DST Asset Manager Solutions, Inc 084-00896 N/A N N N Pricing Direct 549300WIC0TOJ7N7GD54 N IHS Markit 549300HLPTRASHS0E726 GB N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N Bloomberg 254900BF4G8VMW8GG471 N S&P 549300U4VWNITEKO2881 N Thomson Reuters Corporation 549300561UZND4C7B569 CA N N Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N NexPoint Securities, Inc. 8-69128 SEC File Number Y N N SEI Investments Global Funds Services 801-24593 SEC File Number N N N NexPoint Securities, Inc. 8-69128 000165013 N/A 0 STIFEL NICOLAUS & CO., INC. 008-01447 000000793 5WUVMA08EYG4KEUPW589 107.60000000 BAIRD, ROBERT W., & CO., INCORPORATED 008-00497 000008158 549300772UJAHRD6LO53 9680.13000000 JEFFERIES LLC 008-15074 000002347 58PU97L1C0WSRCWADL48 18100.65000000 DTC N/A N/A N/A 255.53000000 28143.91000000 DTC N/A N/A N/A 11819571.51000000 JEFFERIES LLC 008-15074 000002347 58PU97L1C0WSRCWADL48 12888279.60999999 WACHOVIA SECURITIES, INC. 008-65876 000126292 VYVVCKR63DVZZN70PB21 14730436.02000000 RBC DAIN RAUSCHER INC. 008-45411 000031194 549300LCO2FLSSVFFR64 21946589.39999999 MORGAN STANLEY 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 32181827.18000000 JP MORGAN 008-35008 000000079 ZBUT11V806EZRVTWT807 52157449.36999999 FIRST TENNESSEE BANK, N.A.-BOND DIVISION 008-35061 000017117 COOWI3L2W9TPYR3WJX37 17640447.29000000 NATIONAL FINANCIAL SERVICES CORPORATION 008-26740 000013041 549300JRHF1MHHWUAW04 6667091.59000000 CANTOR FITZGERALD CO. 008-00201 000000134 5493004J7H4GCPG6OB62 10418571.19000000 PERSHING LLC 008-17574 000007560 ZI8Q1A8EI8LQFJNM0D94 14274408.27000000 208693385.16999999 Y 194670696.91999999 N N N N Highland Socially Responsible Equity Fund S000001621 549300N5YQR3CCO2G484 N 5 0 0 N/A N N Y N N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N Revenue sharing split 401383.23000000 2108.00000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 22d-1 (17 CFR 270.22d-1) N N Y N Highland Capital Management Fund Advisors, L.P. 801-69968 000149653 5493002K2NSYVU046L11 N First Foundation Advisors 801-35973 000106075 N/A N N DST Asset Manager Solutions, Inc 084-00896 N/A N N N Bloomberg 254900BF4G8VMW8GG471 N S&P 549300U4VWNITEKO2881 N IHS Markit 549300HLPTRASHS0E726 GB N Pricing Direct 549300WIC0TOJ7N7GD54 N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N Thomson Reuters Corporation 549300561UZND4C7B569 CA N N Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N NexPoint Securities, Inc. 8-69128 SEC File Number Y N N SEI Investments Global Funds Services 801-24593 SEC File Number N N N NexPoint Securities, Inc. 8-69128 000165013 N/A 0 J.P. MORGAN SECURITIES 008-35008 000000079 ZBUT11V806EZRVTWT807 54094.25000000 MERRILL LYNCH, PIERCE, FENNER & SMITH 008-07221 000007691 8NAV47T0Y26Q87Y0QP81 61232.11000000 CANTOR FITZGERALD & CO. 008-00201 000000134 5493004J7H4GCPG6OB62 32186.00000000 OPPENHEIMER & ASSOCIATES 008-31756 000015168 254900vh02jqr2l8xd64 22493.80000000 KEY BANK CAPITAL MANAGEMENT N/A 000173773 N/A 11442.00000000 INTERNATIONAL STRATEGY & INVESTMENT GROUP 8-43515 000028195 N/A 13740.00000000 SUNTRUST 008-47518 000036888 IYDOJBGJWY9T8XKCSX06 21066.95999999 WOLF RESEARCH 8-68406 000151850 N/A 8600.00000000 ITG 008-44218 000029299 549300S41SMIODVIT266 35292.55999999 VIRTU FINANCIAL BD LLC 8-60815 000148390 54930088MP91YZQJT494 61633.62000000 403491.60000000 0.00000000 Y 72778718.50000000 N N N N Highland Total Return Fund S000001624 549300FXWQ42Z4018B93 N 5 0 0 N/A N N Y N N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N Revenue sharing split 2989057.93000000 4287.00000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 22d-1 (17 CFR 270.22d-1) Y Y Y N Highland Capital Management Fund Advisors, L.P. 801-69968 000149653 5493002K2NSYVU046L11 N First Foundation Advisors 801-35973 000106075 N/A N N DST Asset Manager Solutions, Inc 084-00896 N/A N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N IHS Markit 549300HLPTRASHS0E726 GB N Thomson Reuters Corporation 549300561UZND4C7B569 CA N Bloomberg 254900BF4G8VMW8GG471 N S&P 549300U4VWNITEKO2881 N Pricing Direct 549300WIC0TOJ7N7GD54 N N Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N NexPoint Securities, Inc. 8-69128 SEC File Number Y N N SEI Investments Global Funds Services 801-24593 SEC File Number N N N NexPoint Securities, Inc. 8-69128 000165013 N/A 0 BAIRD, ROBERT W., & CO., INCORPORATED 008-00497 000008158 549300772UJAHRD6LO53 630.58000000 RAYMOND JAMES & ASSOCIATES, INC. 008-10999 000000705 U4ONQX15J3RO8XCKE979 4710.78000000 PERSHING LLC 008-17574 000007560 ZI8Q1A8EI8LQFJNM0D94 2187.34000000 STATE STREET BANK 008-69862 000285852 549300FDEDF5ORXCMQ56 986.50000000 NATIONAL FINANCIAL SERVICES CORPORATION 008-26740 000013041 549300JRHF1MHHWUAW04 1151.00000000 STIFEL NICOLAUS & CO., INC. 008-01447 000000793 5WUVMA08EYG4KEUPW589 2236.19000000 CANTOR FITZGERALD & CO. 008-00201 000000134 5493004J7H4GCPG6OB62 1416.49000000 MERRILL LYNCH, PIERCE, FENNER & SMITH 008-07221 000007691 8NAV47T0Y26Q87Y0QP81 1324.12999999 DTC N/A N/A N/A 4402.48000000 JEFFERIES LLC 008-15074 000002347 58PU97L1C0WSRCWADL48 26548.60999999 46385.93000000 JP MORGAN 008-35008 000000079 ZBUT11V806EZRVTWT807 24304217.35999999 RBC DAIN RAUSCHER INC. 008-45411 000031194 549300LCO2FLSSVFFR64 1251477.50000000 JEFFERIES LLC 008-15074 000002347 58PU97L1C0WSRCWADL48 1678895.51000000 DTC N/A N/A N/A 100475.00000000 NATIONAL FINANCIAL SERVICES CORPORATION 008-26740 000013041 549300JRHF1MHHWUAW04 98640.00000000 PERSHING LLC 008-17574 000007560 ZI8Q1A8EI8LQFJNM0D94 9578.03000000 27443283.39999999 Y 73301245.23000000 N N N N true false true false false false