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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Neuberger Berman High Yield Strategies Fund Inc

XNHSX | Fund

$7.75

$145 M

0.00%

2.55%

Vitals

YTD Return

-4.9%

1 yr return

-9.4%

3 Yr Avg Return

-15.1%

5 Yr Avg Return

-9.3%

Net Assets

$145 M

Holdings in Top 10

9.7%

52 WEEK LOW AND HIGH

$7.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 66.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Neuberger Berman High Yield Strategies Fund Inc

XNHSX | Fund

$7.75

$145 M

0.00%

2.55%

XNHSX - Profile

Distributions

  • YTD Total Return -4.9%
  • 3 Yr Annualized Total Return -15.1%
  • 5 Yr Annualized Total Return -9.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.96%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Neuberger Berman High Yield Strategies Fund Inc
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Dec 19, 2008
  • Shares Outstanding
    14663602
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    William (Russ) Covode

Fund Description

XNHSX - Performance

Return Ranking - Trailing

Period XNHSX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.9% -7.2% 5.1% 99.69%
1 Yr -9.4% -9.4% 15.0% 100.00%
3 Yr -15.1%* -16.5% 19.8% 99.84%
5 Yr -9.3%* -11.9% 36.4% 99.83%
10 Yr -2.8%* -4.9% 19.3% 99.77%

* Annualized

Return Ranking - Calendar

Period XNHSX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.7% -4.7% 14.3% 100.00%
2022 -30.5% -33.4% 3.6% 99.69%
2021 -3.5% -8.4% 14.9% 97.21%
2020 -1.7% -13.9% 302.7% 78.89%
2019 12.6% -4.4% 13.3% 0.52%

Total Return Ranking - Trailing

Period XNHSX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.9% -7.2% 5.1% 99.69%
1 Yr -9.4% -9.4% 15.0% 100.00%
3 Yr -15.1%* -16.5% 19.8% 99.84%
5 Yr -9.3%* -11.9% 36.4% 99.83%
10 Yr -2.8%* -4.9% 19.3% 99.77%

* Annualized

Total Return Ranking - Calendar

Period XNHSX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.7% -4.7% 18.2% 100.00%
2022 -30.5% -33.4% 47.8% 99.69%
2021 -3.5% -8.4% 24.8% 98.52%
2020 -1.7% -9.6% 325.6% 96.11%
2019 16.6% 0.9% 21.5% 6.24%

NAV & Total Return History

XNHSX - Holdings

Concentration Analysis

XNHSX Category Low Category High XNHSX % Rank
Net Assets 145 M 1.45 M 23.6 B 77.97%
Number of Holdings 386 2 2736 42.88%
Net Assets in Top 10 27.5 M -492 M 4.45 B 73.84%
Weighting of Top 10 9.68% 4.2% 146.9% 81.89%

Top 10 Holdings

  1. CSC Holdings, LLC 5.75% 1.39%
  2. Cheniere Energy Inc 4.25% 1.25%
  3. Frontier Communications Corporation 8% 1.21%
  4. Calpine Corporation 5% 1.09%
  5. Beacon Roofing Supply, Inc. 4.88% 1.03%
  6. Prime Securities Services Borrower, LLC and Prime Finance, Inc. 5.75% 1.03%
  7. Uniti Group LP/Uniti Fiber Holdings Inc/Uniti Group Finance 2019 Inc/CSL Ca 1.00%
  8. Tenet Healthcare Corporation 6.12% 0.97%
  9. Hub International Limited 7% 0.94%
  10. Community Health Systems Incorporated 6.88% 0.94%

Asset Allocation

Weighting Return Low Return High XNHSX % Rank
Bonds 		99.76% -3.13% 154.38% 4.62%
Convertible Bonds 		0.49% 0.00% 17.89% 80.19%
Stocks 		0.00% 0.00% 99.54% 98.92%
Preferred Stocks 		0.00% 0.00% 7.88% 98.61%
Other 		0.00% -63.70% 102.57% 82.35%
Cash 		-0.25% -52.00% 48.07% 98.14%

Bond Sector Breakdown

Weighting Return Low Return High XNHSX % Rank
Corporate 		97.32% 0.00% 129.69% 25.43%
Securitized 		2.30% 0.00% 97.24% 16.59%
Government 		0.39% 0.00% 99.07% 23.26%
Derivative 		0.00% -15.04% 42.26% 81.89%
Cash & Equivalents 		0.00% 0.00% 48.07% 99.07%
Municipal 		0.00% 0.00% 4.66% 96.59%

Bond Geographic Breakdown

Weighting Return Low Return High XNHSX % Rank
US 		88.58% -3.13% 129.21% 70.12%
Non US 		11.18% 0.00% 98.19% 13.62%

XNHSX - Expenses

Operational Fees

XNHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.55% 0.04% 31.61% 3.72%
Management Fee 0.60% 0.00% 1.84% 68.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

XNHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

XNHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XNHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.00% 1.00% 255.00% 56.37%

XNHSX - Distributions

Dividend Yield Analysis

XNHSX Category Low Category High XNHSX % Rank
Dividend Yield 0.00% 0.00% 49.68% 99.08%

Dividend Distribution Analysis

XNHSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

XNHSX Category Low Category High XNHSX % Rank
Net Income Ratio 5.96% -2.39% 14.30% 5.98%

Capital Gain Distribution Analysis

XNHSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XNHSX - Fund Manager Analysis

Managers

William (Russ) Covode

Start Date

Tenure

Tenure Rank

May 11, 2011

11.06

11.1%

Russ Covode, Managing Director, joined the firm in 2004. Russ serves as a Senior Portfolio Manager for high yield and blended credit portfolios. In addition, he sits on the Credit Committee for high yield bonds and senior floating rate loans. Prior to joining the firm, Russ spent five years at Banc One Capital Markets, where he was most recently a principal in the bank’s mezzanine fund. Before that, he spent seven years with the high yield group at Banc of America Securities in various positions including leading the bank’s high yield capital markets desk. Russ began his career with S.G. Warburg & Co. in New York. Russ earned a BA from Colorado College and an MBA from the University of Chicago.

Daniel Doyle

Start Date

Tenure

Tenure Rank

Mar 03, 2014

8.25

8.3%

Daniel Doyle, CFA, Managing Director, joined the firm in 2012. Dan serves as a Senior Portfolio Manager for non-investment grade credit portfolios. In addition, he sits on the Credit Committee for high yield bonds and senior floating rate loans. Prior to joining the firm, Dan was a managing director at SunTrust Robinson Humphrey, specializing in high yield sales. He was also a portfolio manager at various firms, including Henderson Global Investors, ING Investment Management and Zurich Scudder Investments. Dan began his career at the Federal Reserve Bank of Chicago. Dan earned a BS from Northern Illinois University and an MBA from the University of Chicago. He has also been awarded the Chartered Financial Analyst designation.

Joseph Lind

Start Date

Tenure

Tenure Rank

Jul 21, 2018

3.86

3.9%

Joseph Lind, CFA, Managing Director, joined the firm in 2018. Joe is a Senior Portfolio Manager for Non-Investment Grade Credit with a focus on U.S. high yield portfolios. In addition, he sits on the Credit Committee for Non-Investment Grade Credit. Joe comes to the firm with more than 20 years of experience, including 12 years at DDJ Capital Management where he served as a portfolio manager in their U.S. High Yield and Opportunistic strategies. Before DDJ, Joe worked for Coast Asset Management, Sierra Capital and The Helios Group. Joe earned a BA from Harvard University and has also been awarded the Chartered Financial Analyst designation.

Christopher Kocinski

Start Date

Tenure

Tenure Rank

May 08, 2019

3.07

3.1%

Christopher Kocinski, CFA, Managing Director, joined the firm in 2006. Chris is a Senior Portfolio Manager for Non-Investment Grade Credit focusing on U.S. high yield portfolios. In addition, he is a member of the Credit Committee for Non-Investment Grade Credit as well as the firm’s ESG Advisory Committee. Previously, he was the Co-Director of Non-Investment Grade Credit Research and a Senior Research Analyst with a specific focus on the healthcare and gaming sectors. Prior to joining the firm, he was an investment banking analyst at Bank of America Securities. Chris earned a BA from the University of Chicago and has been awarded the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17

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