Neuberger High Yield Strategies Fund Inc. Schedule 13G discloses that Sit Investment Associates, Inc. and its subsidiary Sit Fixed Income Advisors II, LLC report shared voting and dispositive power over 5,447,450 shares of Common Stock (CUSIP 64128C106), representing 13.0% of the class. The filing bases percentages on 41,855,793 shares outstanding as of October 31, 2025 and notes adjustment for a rights offering dated April 15, 2026. The advisers state the shares are held in client accounts and disclaim beneficial ownership pursuant to Rule 13d-4.
Positive
None.
Negative
None.
Insights
SIA/SFI report shared control of 5,447,450 shares (13.0%) of Neuberger NHS.
The filing shows Sit Investment Associates and its subsidiary exercise shared voting and dispositive power over those shares held in managed client accounts; they disclaim beneficial ownership under Rule 13d-4. Ownership percentages use 41,855,793 shares outstanding as of October 31, 2025 and reflect a rights offering adjustment dated April 15, 2026.
Impact depends on client trading decisions; the filing is an ownership disclosure under Schedule 13G rather than an active market-moving transaction. Subsequent Form 13D or trading disclosures would change the record.
Key Figures
Shared voting/dispositive power:5,447,450 sharesPercent of class:13.0%Shares outstanding:41,855,793 shares+2 more
5 metrics
Shared voting/dispositive power5,447,450 sharesReported holding by SIA/SFI
Percent of class13.0%Based on shares outstanding as of October 31, 2025
Shares outstanding41,855,793 sharesAs of October 31, 2025 (per Form N-CSR)
CUSIP64128C106Neuberger High Yield Strategies Fund Inc. Common Stock
Rights offering adjustment dateApril 15, 2026Adjustment to outstanding share base
Key Terms
Schedule 13G, Rule 13d-4, beneficial ownership
3 terms
Schedule 13Gregulatory
"Item 1. (a) Name of issuer: Neuberger High Yield Strategies Fund Inc."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Rule 13d-4regulatory
"Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934"
beneficial ownershipfinancial
"SIA and SFI disclaim beneficial ownership of such securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Neuberger High Yield Strategies Fund Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
64128C106
(CUSIP Number)
04/30/2026
(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
Sit Investment Associates, Inc.
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
MINNESOTA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,447,450.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,447,450.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,447,450.00
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)
13.0 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
64128C106
1
Names of Reporting Persons
Sit Fixed Income Advisors II, LLC
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,447,450.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,447,450.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,447,450.00
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)
13.0 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Neuberger High Yield Strategies Fund Inc.
(b)
Address of issuer's principal executive offices:
1290 Avenue of the Americas, New York, New York 10104-0002
Item 2.
(a)
Name of person filing:
Sit Investment Associates, Inc.
Sit Fixed Income Advisors II, LLC
(b)
Address or principal business office or, if none, residence:
c/o Sit Investment Associates, Inc.
80 South Eighth Street, Suite 3300
Minneapolis, MN 55402
(c)
Citizenship:
Sit Investment Associates, Inc. Minnesota Corporation
Sit Fixed Income Advisors II, LLC Delaware LLC
(d)
Title of class of securities:
Common Stock
(e)
CUSIP Number(s):
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:
See response to item 9 on each cover page.
(b)
Percent of class:
See response to item 11 on each cover page.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See response to item 5 on each cover page.
(ii) Shared power to vote or to direct the vote:
See response to item 6 on each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See response to item 7 on each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See response to item 8 on each cover page.
The ownership percentages reported are based on 41,855,793 shares of common stock outstanding as of October 31, 2025, as reported in the Issuer's Report on Form N-CSR filed with the Securities Exchange Commission, and adjusted for the Issuer's rights offering dated April 15, 2026.
Sit Investment Associates, Inc. ("SIA") is an investment adviser registered under section 203 of the Investment Advisers Act of 1940. Sit Fixed Income Advisors II, LLC ("SFI") is an investment adviser registered under section 203 of the Investment Advisers Act of 1940 and a subsidiary of SIA. SIA and SFI provide investment management services to client accounts ("Accounts"). In their roles as investment advisers SIA and SFI possess shared voting and investment power over securities of the Issuer described in this schedule 13G owned by the Accounts and may be deemed to be the beneficial owner of such shares of the Issuer owned by the Accounts. All securities reported in this schedule 13G are owned by the Accounts. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), SIA and SFI disclaim beneficial ownership of such securities.
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.
The Accounts are 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.
Except as may be indicated if this is a joint filing with a registered investment company managed by SIA or SFI, not more than 5% of the class of such securities is owned by any one Account subject to the investment advice of SIA or SFI.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
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.
What stake does Sit report in Neuberger High Yield Strategies Fund (NHS)?
Sit reports 5,447,450 shares, equal to 13.0% of the class. Percentages are based on 41,855,793 shares outstanding as of October 31, 2025, adjusted for a rights offering dated April 15, 2026.
Does Sit claim beneficial ownership of the reported NHS shares?
No. Sit states the shares are owned by client accounts and, pursuant to Rule 13d-4, the advisers disclaim beneficial ownership while reporting shared voting and dispositive power over the 5,447,450 shares.
Which entities filed the Schedule 13G for NHS?
The filing lists Sit Investment Associates, Inc. and its subsidiary Sit Fixed Income Advisors II, LLC. Addresses and citizenships are provided: Minnesota corporation and Delaware LLC respectively.
What outstanding share count does the filing use to calculate the percent?
The filing uses 41,855,793 shares outstanding as of October 31, 2025. That figure was reported on Form N-CSR and adjusted for the issuer's rights offering on April 15, 2026.
