First Trust entities report 20.46% stake in Neuberger High Yield (NHS)

Rhea-AI Filing Summary

First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation report a beneficial interest in 5,304,286 common shares of Neuberger High Yield Strategies Fund Inc., representing 20.46% of the outstanding class.

The reporting persons have no voting power over these shares and shared dispositive power over all 5,304,286 shares. Most shares are held in unit investment trusts sponsored by First Trust Portfolios L.P., with no single trust holding more than 3% of the fund’s shares. Additional shares are held in other registered investment companies, pooled vehicles and separately managed accounts advised by First Trust Advisors L.P. The trustee of the unit investment trusts votes the shares to mirror other shareholders, and each reporting person disclaims beneficial ownership of the reported shares.

Key Figures

Beneficially owned shares: 5,304,286 shares Percent of class: 20.46% Sole voting power: 0 shares +4 more

7 metrics

Beneficially owned shares 5,304,286 shares Amount beneficially owned by the reporting persons as disclosed in Item 4(a)

Percent of class 20.46% Portion of Neuberger High Yield common shares reported as beneficially owned in Item 4(b)

Sole voting power 0 shares Number of shares over which the reporting persons have sole power to vote

Shared voting power 0 shares Number of shares over which the reporting persons have shared power to vote

Sole dispositive power 0 shares Number of shares over which the reporting persons have sole power to dispose

Shared dispositive power 5,304,286 shares Number of shares over which the reporting persons have shared power to dispose

UIT per-issuer cap 3% No individual unit investment trust holds more than 3% of any registered investment company issuer’s shares

Key Terms

beneficially owned, dispositive power, unit investment trusts, Rule 13d-1(k)(1), +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 5,304,286"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

dispositive power financial

"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 5,304,286.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

unit investment trusts financial

"First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts which hold shares"

A unit investment trust (UIT) is a pooled investment that sells investors fixed “units” representing a pre-selected, unchanging bundle of stocks, bonds or other securities held for a set period. Think of it like buying a pre-packed grocery basket that won’t be rearranged — you know exactly what you own and roughly when it will end. UITs matter to investors because they offer predictable holdings and income patterns, lower active management, and clear tax and fee implications compared with regularly traded funds.

Rule 13d-1(k)(1) regulatory

"jointly filed by The Charger Corporation, First Trust Portfolios L.P. and First Trust Advisors L.P. pursuant to Rule 13d-1(k)(1)"

Rule 12d1-4 regulatory

"Subject to the requirements of Rule 12d1-4 under the Investment Company Act of 1940"

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 07/14/2026 - 09:37 AM Accepted by SEC EDGAR 07/14/2026 - 09:36 AM Learn about SEC filing dates

FAQ

What stake in Neuberger High Yield Strategies Fund (NHS) is reported in this Schedule 13G/A?

The filing reports a beneficial interest in 5,304,286 common shares of Neuberger High Yield Strategies Fund Inc., representing 20.46% of the outstanding class as disclosed in the ownership section.

Who are the reporting persons in the Neuberger High Yield Strategies Fund (NHS) Schedule 13G/A?

The reporting persons are First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation, all based in Wheaton, Illinois, jointly filing pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act.

Do the reporting persons have voting power over their Neuberger High Yield (NHS) shares?

They report no sole or shared voting power over the Neuberger High Yield shares. Voting for unit investment trust holdings is conducted by the trustee, generally mirroring how non-trust shareholders vote.

How are the Neuberger High Yield (NHS) shares held by First Trust-related entities structured?

Most reported shares are held in unit investment trusts sponsored by First Trust Portfolios L.P., with no individual trust owning more than 3% of the fund. Other shares are held in investment companies, pooled vehicles and separately managed accounts advised by First Trust Advisors L.P.

Do First Trust Portfolios, First Trust Advisors and The Charger Corporation claim full beneficial ownership of NHS shares?

No. Each of First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation expressly disclaims beneficial ownership of the Neuberger High Yield Strategies Fund shares identified in the Schedule 13G/A.

What kind of power do the reporting persons have over Neuberger High Yield (NHS) shares?

They report shared dispositive power over 5,304,286 shares and zero sole dispositive power, meaning they can direct disposition of these shares collectively but not unilaterally, while having no voting authority over them.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 11)

Neuberger High Yield Strategies Fund Inc.

(Name of Issuer)

Common

(Title of Class of Securities)

64128C106

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 64128C106

1

Names of Reporting Persons

First Trust Portfolios L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,304,286.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,304,286.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

20.46 %

12

Type of Reporting Person (See Instructions)

BD

SCHEDULE 13G

CUSIP Number(s): 64128C106

1

Names of Reporting Persons

First Trust Advisors L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,304,286.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,304,286.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

20.46 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 64128C106

1

Names of Reporting Persons

The Charger Corporation

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,304,286.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,304,286.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

20.46 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Neuberger High Yield Strategies Fund Inc.
(b)	Address of issuer's principal executive offices: Attn: Legal Department, c/o Neuberger Berman Management LLC, 1290 Avenue of the Americas, New York, NY 10104, USA
Item 2.
(a)	Name of person filing: First Trust Portfolios L.P. First Trust Advisors L.P. The Charger Corporation
(b)	Address or principal business office or, if none, residence: 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187
(c)	Citizenship: Illinois, USA
(d)	Title of class of securities: Common
(e)	CUSIP No.: 64128C106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5,304,286
(b)	Percent of class: 20.46 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 5,304,286
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. This Schedule 13G filing is jointly filed by The Charger Corporation, First Trust Portfolios L.P. and First Trust Advisors L.P. pursuant to Rule 13d-1(k)(1). The Charger Corporation is the General Partner of both First Trust Portfolios L.P. and First Trust Advisors L.P. First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts which hold shares of the issuer. The total number of shares of the issuer held by these unit investment trusts is set forth in Row (8) above with respect to First Trust Portfolios L.P. No individual unit investment trust sponsored by First Trust Portfolios L.P. holds more than 3% of any registered investment company issuer's shares. First Trust Advisors L.P., an affiliate of First Trust Portfolios L.P., acts as portfolio supervisor of the unit investment trusts sponsored by First Trust Portfolios L.P., certain of which hold shares of the issuer. Neither First Trust Portfolios L.P., First Trust Advisors L.P. nor The Charger Corporation have the power to vote the shares of the issuer held by these unit investment trusts sponsored by First Trust Portfolios L.P. These shares are voted by the trustee of such unit investment trusts so as to insure that the shares are ordinarily voted as closely as possible in the same manner and in the same general proportion as are the shares held by owners other than such unit investment trusts. Subject to the requirements of Rule 12d1-4 under the Investment Company Act of 1940 and as further explained in the Standard Terms and Conditions of Trust and related Trust Agreements of the unit investment trusts, First Trust Portfolios L.P., on behalf of the unit investment trusts, may enter into an agreement with a deposited fund which may permit the shares of such fund to be voted in the best interest of unit holders at the discretion of First Trust Portfolios L.P. The difference, if any, between the aggregate amount of shares beneficially owned by each reporting person, as set forth in Row (9) above, and the number of shares of the issuer held by the unit investment trusts sponsored by First Trust Portfolios L.P. represents shares of the issuer which are either held in other registered investment companies, pooled investment vehicles and/or separately managed accounts for which First Trust Advisors L.P. serves as investment advisor and/or investment sub-advisor. Each of First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation disclaims beneficial ownership of the shares of the issuer identified in this filing.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 6.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

First Trust Portfolios L.P.

Signature:	/s/ James M. Dykas
Name/Title:	James M. Dykas, Chief Financial Officer
Date:	07/14/2026

First Trust Advisors L.P.

Signature:	/s/ James M. Dykas
Name/Title:	James M. Dykas, Chief Financial Officer
Date:	07/14/2026

The Charger Corporation

Signature:	/s/ James M. Dykas
Name/Title:	James M. Dykas, Chief Financial Officer and Treasurer
Date:	07/14/2026

Exhibit Information

Please see Exhibit 99.1 for Joint Filing Agreement