Neuberger Berman High Yield Strategies:NHS

    Manage Alerts

    Overview

    As of 8/11/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$11.32$12.11-6.52%
    52 Wk Avg$11.23$11.94-6.02%
    52 Wk High$12.80$13.060.00%
    52 Wk Low$6.59$8.07-19.20%
    Regular Distribution TypeIncome Only
    Distribution Rate9.59%
    Distribution Amount$0.0905
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund will invest at least 80% of its managed assets in below investment grade (high yield) debt securities of U.S. and foreign issuers. No more than 20% of its managed assets will be invested in other securities and financial instruments, including investment grade debt securities, equity securities and derivatives. It may invest in emerging and developing markets. It expects to maintain an average portfolio quality of B/B to Ba/BB. The expected average portfolio maturity is in the intermediate range of 2 to 7 years.

    Capital Structure

    As of 8/11/2020

    Total Investment Exposure:$361.559M
    Total Common Assets:$236.636M
    Common Shares Outstanding:19,540,585
    Leverage

    As of 10/31/2018

    Preferred Share Assets: $35.000M
    Total Debt (USD): $89.923M
    Regulatory Leverage (USD): $124.923M
    Effective Leverage (USD): $124.923M
    Effective Leverage (%): 34.55%
    Annual Expense Ratios

    As of 10/31/2019

      Per Common Share
    Management Fees0.91%
    Other Expenses:1.22%
    Baseline Expense: N/A
    Interest Expense:1.39%
    Total: 3.52%
    Fund Management

    Fund Sponsor
    Neuberger Berman

    Portfolio Managers
    William (Russ) Covode, Christopher Kocinski, Joseph Lind, Daniel J. Doyle

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: NHS
    NAV Ticker: XNHSX
    Average Daily Volume (shares): 76,767
    Average Daily Volume (USD): $0.833M
    Inception Date: 7/28/2003
    Inception Share Price: $15.00
    Inception NAV: $14.30
    Tender Offer: Yes
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 8/11/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 4/30/2020
    $0.3197
    Annualized Distribution Rate on NAV:
    As of 8/11/2020
    8.97%
    Total Return on NAV (12 months):
    As of 8/11/2020
    2.67%
    Avg. Portfolio Coupon:
    As of 8/11/2020
    5.86%
    Total % Portfolio Effectively Leveraged:
    As of 8/11/2020
    34.55%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 8/12/2020

    PeriodAvg Discount
    6 Month-6.52%
    1 Year-6.02%
    3 Year-10.12%
    5 Year-11.10%
    Z-Score

    As of 8/11/2020

    PeriodZStat
    3 Month-0.18
    6 Month0.00
    1 Year-0.26
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 7/31/2020
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-3.96%-2.60%-9.45%-5.13%
    201938.74%21.50%21.79%13.91%
    2018-11.45%-7.01%-5.54%-2.01%
    20178.64%7.09%9.77%9.23%
    201626.41%22.56%19.94%16.22%
    2015-10.55%-9.02%-4.93%-4.43%
    20140.59%1.33%2.04%2.36%
    20133.33%10.42%2.61%9.80%
    201210.42%20.87%16.41%20.47%
    201111.12%2.85%11.14%4.54%
    201024.90%20.55%19.84%18.51%
    2009114.01%90.77%72.15%54.64%
    2008-37.59%-36.40%-39.79%-40.39%
    2007-11.41%-0.80%  
    20067.48%13.80%  
    20055.40%3.62%  
    200415.51%12.10%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 7/31/2020
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 8/11/2020
    5.86%
    Average Maturity:
    As of 6/30/2020
    7.35 yrs
    Number of Holdings:
    As of 6/30/2020
    355
    Annual Portfolio Turnover:
    As of 10/31/2019
    89.00%
    Average Bond Price:
    As of 6/30/2020
    $99.54
    Asset Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)98.48%
    Corporate Bond93.35%
    Bank Loan3.88%
    Cash Equivalents1.52%
    Cash Equivalents (Super Sector)1.52%
    Convertible1.26%
    Top Holdings

    As of 6/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Prime Securities Services Borrower, LLC and Prime Finance, Inc. 5.75%$4.90M1.43%
    Hub International Limited 7%$4.68M1.37%
    Calpine Corporation 5.75%$3.95M1.16%
    KAR Auction Servic 5.12%$3.79M1.11%
    Rackspace Hosting, Inc. 8.62%$3.68M1.08%
    Iron Mountain Incorporated 5.25%$3.42M1.00%
    Frontier Communications Corporation 8%$3.39M0.99%
    Amkor Technology, Inc. 6.62%$3.23M0.95%
    GTCR AP Finance Inc 8%$3.21M0.94%
    Buckeye Partners LP 4.12%$3.13M0.92%
    Credit Quality

    As of 6/30/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 6/30/2020 reported by Fund Sponsor

    Country Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income84.86%
    Canada - Fixed Income2.86%
    France - Fixed Income2.67%
    Netherlands - Fixed Income0.85%
    United Kingdom - Fixed Income0.68%
    Germany - Fixed Income0.48%
    Ireland - Fixed Income0.28%
    Finland - Fixed Income0.26%
    China - Fixed Income0.26%
    Others - Fixed Income0.15%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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