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NB Hi Yld Stgs Fd

Effective as of Aug. 31, 2026, NHS’s leverage comprises $50 million of Series D MRPS and borrowings under a margin loan agreement, and the Fitch-calculated effective leverage was 32%. Fitch expects leverage to remain within the fund’s 25%-35% target range over the next year. As of 2026-08-28, the Fund’s leverage was 32.0% and High Yield Bond Funds Group leverage was 21.5%.

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