Neuberger Berman High Yield Strategies Fund
(NYSE American: NHS)
NHS is a non-diversified, closed-end fund investing in the high yield debt securities market.
- At least 80% of the Fund will be invested in below investment grade (high yield) debt securities (including corporate loans) of US and foreign issuers.
- The Fund may invest up to 20% of its managed assets in other securities.
- The Fund will attempt to maintain an average (dollar-weighted) portfolio quality of B/B to Ba/BB, with less than 20% of the Fund’s portfolio composed of securities rated Caa/CCC or lower.
- The fund can utilize leverage through the issuance of preferred stock, privately placed notes and privately placed perpetual preferred shares.
Portfolio Manager Update
Christopher Kocinski, Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) Portfolio Manager, provides an update on the high yield bond market, the impact of recent volatility on NHS’s portfolio, and how his team is looking beyond the current environment to identify those investments they believe can benefit from significant, ongoing changes in consumer and business behavior.