BNY Mellon High Yield Strategies Fund (DHF)
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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 (%) |
|---|---|---|---|---|---|
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 4.6M | $11.44M | $11.1M | -$345,572.26 | -3.02% |
 Bulldog Investors Bulldog Investors LLP | 286,989 | $700,253.16 | $693,078.43 | -$7,174.73 | -1.02% |
 Daren Blonski Fermata Advisors LLC | 17,167 | $41,200.8 | $41,372.47 | $171.67 | 0.42% |
 Jason Kaplan Howard Capital Management Group LLC | 10,000 | $22,200 | $24,100 | $1,900 | 8.56% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 1.87M | $4.66M | $4.51M | -$148,705.01 | -3.19% |
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BNY Mellon High Yield Strategies Fund Profile
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