NHS CEF — Neuberger Berman High Yield Strategies

Neuberger Berman High Yield Strategies (NHS)

Updated November 12, 2026.

NHS is a CEF. Its distribution rate is 19.82%, its trailing-12-month yield is 19.89%, its expense ratio is 2.4419%. Dividend Vision Distribution Safety Score™ is 48/100 (Caution). Total return is 320.5% over the past 23.3 years, 742.7 points behind SPY at 1063.2%.

At the current 19.82% distribution rate, a $10,000 investment would generate approximately $1,982 per year, or $165.17 per month.

NHS performance versus SPY

As of Nov 12, 2026

Total return is 320.5% over the past 23.3 years, 742.7 points behind SPY at 1063.2%. Over the past year its total return — price change plus distributions reinvested — is -13.6%. Its deepest 1-year drawdown was 23.6%.

NHS key facts

Distribution Safety Score™

48 · Caution

Safety-Adjusted Yield

9.51%

Issuer

Neuberger Berman

Asset type

CEF

Asset class

Fixed Income

Inception date

07/29/2003

Expense ratio

2.4419%

Distribution rate

19.82%

Distribution frequency

Monthly

Trailing yield

19.89%

5-year average yield

13.52

Last close

$5.48 (as of 2026-11-12)

NAV

$6.46; NAV date unknown

Premium / discount

Premium not shown · NAV date unknown

AUM

$32,700,000

Average volume

168,252

Dividend

$0.0905

Ex-dividend date

11/16/2026

Payment date

11/30/2026

Beta

0.787

How Dividend Vision calculates yield and returns

Distribution rate (19.82%) uses latest regular dividend ($0.0905) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (19.89%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Neuberger Berman; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NHS risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 23.6%.

Who may consider NHS — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on NHS

• CEFs going ex-dividend this week
• All tickers starting with N

Tagged: CEF, Fixed Income, Credit.

Frequently asked questions

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