NHS - Neuberger High Yield Strategies Fund

What this means for you

One or more large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. May 5, 2026

   Sit Investment now owns 13%, as a passive investor.

   Original document →

2. March 23, 2026

   The fund offered holders the right to buy more shares, until April 15, 2026.

   Original document →

3. Feb 27, 2026

   The fund offered holders the right to buy more shares.

   Original document →

4. Dec 18, 2025

   The fund said it may sell new shares.

   Original document →

5. April 9, 2025

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by Neuberger Berman Investment Advisers LLC. Part of the Neuberger Berman fund family. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Size: about $285 million of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 33% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. About 28% of that is money the fund has borrowed by selling preferred shares. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.8% a year in management fees; 3.4% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $1.09 a share. $0.51 of that was income; $0.58 was your own money back, not income. As of Oct 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Oct 31, 2025): $7.44. The shares traded at $7.52, about 1.1% above that. As of Oct 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: down 11.5% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: -2.5%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Oct 31, 2025): the value of the holdings returned +9%. How the share price did: the shares returned +5.8% over the same year, counting payouts and the change in the market price. As of Oct 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2010.

What the fund holds

Mostly bonds (98%), the rest cash and short-term holdings. About 84% issued in the U.S.

1. Cash and short-term - 1.5%
2. 1261229 Bc - 1.1%
3. Meridian Arc Holdco LLC - 0.9%
4. Mauser Packaging Solutions Holding - 0.9%
5. SV RNO Property Owner 1 LLC - 0.9%
6. Transdigm - 0.9%
7. Oak-Eagle Acquireco - 0.9%
8. Coreweave - 0.9%
9. Clarios Global Lp/Us Fin, Clarios Global LP / Clarios US Finance Co - 0.9%
10. Global Medical Response - 0.8%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →