BNY Mellon High Yield Strategies Fund (NYSE: DHF) is a closed-end management investment company that seeks to provide shareholders with high current income. The Fund pursues this objective by investing primarily in below-investment grade debt securities, including high yield corporate bonds, bank loans, convertible securities and other debt instruments. Through a diversified portfolio approach, the Fund aims to capture attractive yield opportunities across industries and issuers while managing credit and interest rate risk.
The Fund employs an active, research-driven process overseen by the fixed income team of BNY Mellon Investment Management. Portfolio managers and credit analysts conduct in-depth fundamental analysis of issuers’ financial health, industry trends and capital structures to identify undervalued or mispriced securities. To enhance potential returns, the Fund may also use leverage within prescribed limits, while adhering to a disciplined risk management framework that seeks to balance yield generation with capital preservation.
Originally launched in the mid-1990s, BNY Mellon High Yield Strategies Fund leverages the two-century heritage of The Bank of New York Mellon, one of the world’s largest global custodians and asset managers. The Fund is managed by The Dreyfus Corporation, a BNY Mellon subsidiary specializing in investment vehicles designed for income-oriented investors. This alliance combines deep credit-market expertise with the operational and compliance infrastructure of a leading global financial institution.
Serving individual and institutional investors, the Fund maintains a broad geographic mandate, with a primary focus on U.S. issuers while retaining the flexibility to invest in non-U.S. high yield securities when attractive opportunities arise. Monthly distributions seek to deliver a steady income stream, and ongoing portfolio rebalancing aims to respond to changing market conditions, credit cycles and interest rate environments.
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