Neuberger High Yield Strategies:NHS

    Manage Alerts

    Overview

    As of 5/14/2026. NAV as of 5/13/2026.

     Share
    Price
    NAVPremium/
    Discount
    Current$6.47$6.81-4.99%
    52 Wk Avg$7.29$7.35-0.82%
    52 Wk High$7.80$7.627.06%
    52 Wk Low$6.27$6.80-8.83%
    Regular Distribution TypeIncome Only
    Distribution Rate16.78516000%
    Distribution Amount$0.0905
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s investment objective is to seek high total return (income plus capital appreciation). The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets in high yield debt securities of U.S. and foreign issuers.

    Capital Structure

    As of 5/14/2026

    Total Investment Exposure:$386.406M
    Total Common Assets:$284.744M
    Common Shares Outstanding:41,812,667
    Leverage

    As of 5/13/2026

    Preferred Share Assets: $61.000M
    Total Debt (USD): $40.661M
    Regulatory Leverage (USD): $101.661M
    Effective Leverage (USD): $101.661M
    Effective Leverage (%): 26.31%
    Annual Expense Ratios

    As of 10/31/2025

      Per Common Share
    Management Fees0.82%
    Other Expenses:1.39%
    Baseline Expense: N/A
    Interest Expense:1.18%
    Total: 3.39%
    Fund Management

    Fund Sponsor
    Neuberger Berman

    Portfolio Managers
    Christopher Kocinski, Joseph Lind, Steve Ruh

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: NHS
    NAV Ticker: XNHSX
    Average Daily Volume (shares): 193,944
    Average Daily Volume (USD): $1.392M
    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 5/14/2026

    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 10/31/2025
    $0.2092
    Annualized Distribution Rate on NAV:
    As of 5/14/2026
    15.95%
    Total Return on NAV (12 months):
    As of 5/14/2026
    8.26%
    Avg. Portfolio Coupon:
    As of 5/14/2026
    6.98%
    Total % Portfolio Effectively Leveraged:
    As of 5/14/2026
    26.31%

    Pricing Information

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

    As of 5/14/2026

    PeriodAvg Discount
    6 Month-1.19%
    1 Year-0.82%
    3 Year-0.94%
    5 Year-0.93%
    Z-Score

    As of 5/14/2026

    PeriodZStat
    3 Month-0.48
    6 Month-0.92
    1 Year-1.37
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 4/30/2026
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-8.27%-0.53%-0.03%0.87%
    202514.88%9.72%13.64%14.39%
    202411.30%8.89%15.89%8.58%
    20234.96%11.79%15.92%11.97%
    2022-19.16%-19.72%-15.67%-10.18%
    202116.00%5.25%18.38%9.49%
    20204.50%7.87%1.13%3.11%
    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%  
    201210.42%20.87%  
    201111.12%2.85%  
    201024.90%20.55%  
    2009114.01%90.77%  
    2008-37.59%-36.40%  
    2007-11.41%-0.80%  
    20067.48%13.80%  
    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 4/30/2026
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 5/13/2026
    6.98%
    Average Maturity:
    As of 3/31/2026
    6.10 yrs
    Number of Holdings:
    As of 3/31/2026
    501
    Annual Portfolio Turnover:
    As of 10/31/2025
    85.00%
    Average Bond Price:
    As of 3/31/2026
    $99.54
    Asset Allocation

    As of 3/31/2026

    Top Sectors

    As of 3/31/2026

    Sector%Portfolio
    Corporate (Super Sector)99.93%
    Corporate Bond99.20%
    Bank Loan0.63%
    Preferred Stock0.10%
    Cash Equivalents0.03%
    Cash Equivalents (Super Sector)0.03%
    Top Holdings

    As of 3/31/2026

    HoldingValue% Portfolio
    TransDigm, Inc. 6.125%$2.49M0.79%
    1261229 Bc Ltd. 10%$2.25M0.72%
    Black Pearl Compute LLC 6.125%$1.89M0.60%
    Tenet Healthcare Corporation 6%$1.88M0.60%
    Madison IAQ LLC 5.875%$1.87M0.60%
    XPO Inc 7.125%$1.80M0.57%
    Mauser Packaging Solutions Holding Co. 9.25%$1.79M0.57%
    NCL Corporation Ltd. 6.75%$1.78M0.57%
    SV RNO Property Owner 1 LLC 5.875%$1.68M0.53%
    QXO Building Products Inc. 6.75%$1.66M0.53%
    Credit Quality

    As of 3/31/2026

    Maturity Breakdown

    As of 3/31/2026

    Country Allocation

    As of 3/31/2026

    Country% Portfolio
    United States - Fixed Income87.95%
    Canada - Fixed Income3.06%
    France - Fixed Income1.61%
    Germany - Fixed Income0.96%
    United Kingdom - Fixed Income0.80%
    Australia - Fixed Income0.59%
    Italy - Fixed Income0.58%
    Netherlands - Fixed Income0.50%
    Others - Fixed Income0.46%
    Spain - Fixed Income0.44%
    Chile - Fixed Income0.40%
    Japan - Fixed Income0.39%
    Norway - Fixed Income0.35%
    China - Fixed Income0.28%
    Finland - Fixed Income0.28%
    Denmark - Fixed Income0.23%

    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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