BNY Mellon High Yield Strategies Fund
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About
BNY Mellon High Yield Strategies Fund is a closed-end investment company investing primarily in high-yield corporate bonds and other income-producing securities. The fund seeks high current income and capital appreciation through investment in below-investment-grade bonds issued by corporations across diverse industries. The fund employs leverage to enhance returns and income generation, though this also increases risk and volatility. BNY Mellon High Yield Strategies is managed by BNY Mellon Investment Adviser, Inc., leveraging the firm's credit research and portfolio management capabilities. As a closed-end fund, shares trade on the New York Stock Exchange and may trade at premiums or discounts to net asset value based on market demand and investor sentiment. The fund provides investors with exposure to high-yield bond markets, monthly income distributions, and professional portfolio management. The fund faces credit risk from below-investment-grade issuers, interest rate sensitivity, market volatility affecting bond prices, and risks associated with financial leverage. High-yield bond performance correlates with economic conditions, corporate earnings, and default rates. Distribution rates and fund performance fluctuate based on credit markets, interest rates, and portfolio composition.