CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Neuberger Berman High Yield Strategies Fund (NHS)

Taxable Bond Funds - High Yield Bond Funds

Data as of July 2, 2020
Market Price $10.47 (- $0.01)
NAV (July 2, 2020) $11.26 (+ $0.10)
Premium / Discount -7.02% (-0.92%)
Fund Info
Inception July 28, 2003
Sponsor Neuberger Berman Management
Website https://www.nb.com/en/...
Phone 800.877.9700
Objective: Income plus capital appreciation; US and foreign below investment grade high yield debt securities
Related Indexes
High Income Index
High Yield Bond Index
Capital & Leverage
Outstanding Shares 19,540,585
Total Assets (Reported: Oct. 31, 2019) $383M
Estimated Total Assets $364M
Net Assets $220M
Market Cap $205M
Purchases Turnover 65.71%
Sales Turnover 65.14%
Total Leverage 39.60%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.50%
Non Lev Exp Ratio 1.41%
Rel Lev Cost 3.41%
Discount Data
Average Discount (3 Yr) -10.25%
Discount Low(3 Yr) -19.95%
Discount High(3 Yr) 0.00%
Discount Rel Range 64.83%
Comp Discount 1.04
Discount St Dev (1Yr) 1.96
Z-Stat (6mo) -0.45
Z-Stat (1Yr) -0.49
Z-Stat (3Yr) 0.83
Comp Z-Stat (6mo) -0.30
Comp Z-Stat (3Yr) 1.18
Distribution Data
Market Yield 10.37%
Income Yield 6.82%
Lev Adj NAV Yield 6.91%
Distribution Frequency M
Current Distribution $0.091
Current Income $0.060
Ex-Date 7/14/20
Payable Date 7/31/20
Div Growth (3yr) 24.83%
Dividend Change 37.5% on 4/11/19
Expected Div 7/31/20
RoC (1yr) 50.36%
RoC (3yr) 32.56%
Tax Dividend Data 2019 2017 - 2019
Income 87.8% 93.3%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 12.2% 6.7%
Volume & Liquidity
Average Daily $ (M) $903
Avg Volume 30 day 80,126
Avg Volume 90 day 86,290
Volume Trend -7.14%
Comp Volume Trend -2.29%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's High Yield Bond Index
Most Correlated Peer (Mk Pr): DHF 97.0%
NAV - Price Correlation (30 d) 91.0%
NAV - Price Correlation (90 d) 97.2%
NAV - Price Correlation (1 Yr) 98.7%
Price St Dev (1Yr) 32.7%
NAV St Dev (1Yr) 23.0%
Earnings / Share (10/31/19) $0.061
Earn Coverage 67.62%
Earnings Trend Down
UNII / Share (10/31/19) $-0.072
Rel UNII -10.03
UNII Trend Down
Bond Specific Data
Maturity 7.70
Duration 4.90
Credit Rating (rbo) B
Investment Grade 1.60%
Non Investment Grade 94.40%
Unrated Bonds 3.90%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Bond Index


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

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies 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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