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NHS: Stay Away From This 17% Yielder As Rates Rise (Rating Downgrade)
Neuberger High Yield Strategies Fund is downgraded to a sell due to persistent NAV erosion and unsustainable distributions. NHS trades at a 6.6% discount to NAV and offers a 17.4% yield, but earnings consistently fail to cover payouts, risking further capital deterioration. Leverage at 26.7% and 98% below-investment-grade exposure amplifies risks in a rising rate and higher default environment.
NHS: Too Expensive Given The Unsustainable Distribution And Bond Market Troubles
The Neuberger High Yield Strategies Fund offers a headline 16.66% yield, the highest among closed-end junk bond peers. NHS is not covering its distribution with investment income, as net asset value has declined 10.22% over two years, signaling unsustainable payouts. The fund's portfolio is concentrated in BB and B-rated high-yield bonds, balancing risk and income but sacrificing some yield versus lower-rated debt.
Novo Nordisk stock surges 4%: can NHS boost offset pricing pressure?
Novo Nordisk stock surged on Wednesday after a major policy win, which is seen as a turning point for the drugmaker. England's cost-effectiveness watchdog has backed broader use of Wegovy to cut the risk of heart attacks and strokes in overweight or obese adults.
Neuberger High Yield Strategies Fund Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 305,274 | $1.98M | $1.88M | -$102,091.26 | -5.16% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 169,301 | $1.37M | $1.04M | -$327,202.6 | -23.94% |
 Jennifer Grunberg Allspring Global Investments Holdings LLC | 48,654 | $315,277.92 | $298,492.29 | -$16,785.63 | -5.32% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 19,132 | $119,383.68 | $117,374.82 | -$2,008.86 | -1.68% |
| VMJ Victor Melfa Jr. MELFA WEALTH MANAGEMENT Inc. | 96,287 | $779,107.69 | $591,683.61 | -$187,424.08 | -24.06% |
Neuberger High Yield Strategies Fund Inc. (NHS) FAQ
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Neuberger High Yield Strategies Fund Inc. Profile
| AMEX Exchange | US Country |
Overview
Neuberger Berman High Yield Strategies Fund Inc. is a prominent closed-ended fixed income mutual fund, established under the auspices of Neuberger Berman LLC. It's meticulously managed by Neuberger Berman Investment Advisers LLC, boasting a strategic focus on the fixed income markets worldwide. The inception of this fund was marked on July 28, 2003, providing a structured approach to investing primarily in high yield debt securities. These securities span various sectors, reflecting the fund's diverse investment portfolio. Initially named Neuberger Berman High Yield Strategies Fund, it has since evolved and is now domiciled in the United States, symbolizing its strong base and operational framework within the country.
Products and Services
- High Yield Debt Securities
The core of the fund's investment strategy lies in high yield debt securities. Often referred to as "junk bonds," these are bonds with lower credit ratings compared to government and corporate bonds. The promise of higher returns commensurate with higher risks makes them an attractive option for investors looking for growth in sectors that show potential for significant returns. The fund carefully selects these securities to balance the risk-reward ratio effectively.
- Global Fixed Income Markets Participation
Neuberger Berman High Yield Strategies Fund Inc. leverages the global fixed income markets to diversify its portfolio. This broad market involvement enables the fund to tap into various economies and sectors worldwide, thus spreading risk and seeking opportunities in both developed and emerging markets. It exemplifies the fund's commitment to providing investors with exposure to global growth prospects through fixed income investments.
- Sector-Focused Investments
The fund's investment portfolio is characterized by its focus on multiple sectors that have the potential for high yield returns, including but not limited to auto parts and equipment, airlines, automotive, electronics, health services, packaging, telecom-integrated/services, gaming, and gas distribution. This sector diversity allows for a more balanced approach to risk management, with the fund's investment decisions grounded in extensive research and analysis of sector-specific trends and opportunities.
