Summary
DHF Chart
DHF: Deeply Discounted High Yield Exposure
BNY Mellon High Yield Strategies Fund trades at an attractively deep discount, wider than its historical and peer averages. DHF offers an 8.75% distribution yield, with NII coverage at 95.2%, and maintains a relatively low effective duration of 3.11 years. Despite leverage and economic sensitivity, DHF's diversification across 316 holdings and some slight increased BBB exposure helps mitigate risk.
DHF: This High-Yielding Bond Fund May Struggle To Sustain Its Distribution
The BNY Mellon High Yield Strategies Fund offers an 8.64% yield, outperforming most bond indices but best suited for tax-advantaged accounts. DHF's leveraged junk bond portfolio faces after-tax real yield compression, especially amid persistent inflation and elevated market risk perceptions. Recent performance lagged benchmarks, with a 5.45% share price decline over six months, amplified by leverage and macro volatility.
BNY Mellon High Yield Strategies Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 104,493 | $252,870 | $247,648.41 | -$5,221.59 | -2.06% |
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 4.63M | $11.53M | $11.12M | -$415,223.27 | -3.6% |
| NA Nizar Araji National Bank Of Canada /FI/ | 4,000 | $9,760 | $9,480 | -$280 | -2.87% |
 Bulldog Investors Bulldog Investors LLP | 1.09M | $2.64M | $2.61M | -$22,418.84 | -0.85% |
 Daren Blonski Fermata Advisors LLC | 17,167 | $41,200.8 | $40,342.45 | -$858.35 | -2.08% |
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BNY Mellon High Yield Strategies Fund Profile
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