BNY Mellon High Yield Strategies Fund:DHF

    Manage Alerts

    Overview

    As of 12/7/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$3.14$3.25-3.38%
    52 Wk Avg$3.19$3.30-3.24%
    52 Wk High$3.77$3.358.96%
    52 Wk Low$2.93$3.21-10.67%
    Regular Distribution TypeIncome Only
    Distribution Rate7.07%
    Distribution Amount$0.0185
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The funds primary objective is to seek high current income. The secondary objective is capital growth, as far as it is consistent with the primary aim. Under normal market conditions the fund will invest at least 65% of its total assets in income securities of US issuers rated below investment grade quality. The fund may invest up to 25% of its total assets in securities of issuers domiciled outside the United States or that are denominated in various foreign currencies and multinational currency units. The fund will nvest up to 10% of the Fund’s total assets in floating rate loans.

    Capital Structure

    As of 12/7/2021

    Total Investment Exposure:$332.370M
    Total Common Assets:$236.370M
    Common Shares Outstanding:72,729,122
    Leverage

    As of 12/7/2021

    Preferred Share Assets:
    Total Debt (USD): $96.000M
    Regulatory Leverage (USD): $96.000M
    Effective Leverage (USD): $96.000M
    Effective Leverage (%): 28.88%
    Annual Expense Ratios

    As of 3/31/2021

      Per Common Share
    Management Fees1.06%
    Other Expenses:0.21%
    Baseline Expense: N/A
    Interest Expense:0.58%
    Total: 1.85%
    Fund Management

    Fund Sponsor
    BNY Mellon

    Portfolio Managers
    Chris Barris, Leland Hart, Kevin L. Cronk

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: DHF
    NAV Ticker: XDHFX
    Average Daily Volume (shares): 999,632
    Average Daily Volume (USD): $3.103M
    Inception Date: 4/29/1998
    Inception Share Price: $15.00
    Inception NAV: $14.98
    Tender Offer: No
    Term: No
    Fiscal Year End: March 31
    Third Party Links & Reports

    Distributions

    As of 12/7/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 9/30/2021
    $0.1220
    Annualized Distribution Rate on NAV:
    As of 12/7/2021
    6.83%
    Total Return on NAV (12 months):
    As of 12/7/2021
    6.43%
    Avg. Portfolio Coupon:
    As of 12/7/2021
    6.54%
    Total % Portfolio Effectively Leveraged:
    As of 12/7/2021
    28.88%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/8/2021

    PeriodAvg Discount
    6 Month0.72%
    1 Year-3.24%
    3 Year-7.49%
    5 Year-6.62%
    Z-Score

    As of 12/7/2021

    PeriodZStat
    3 Month-1.48
    6 Month-1.34
    1 Year-0.03
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 11/30/2021
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD10.48%4.76%14.50%5.28%
    20205.60%4.90%1.13%3.11%
    201924.69%19.64%21.79%13.91%
    2018-11.09%-5.76%-5.54%-2.01%
    20178.42%10.03%9.77%9.23%
    201620.76%19.17%19.94%16.22%
    2015-5.33%-6.02%-4.93%-4.43%
    2014-2.76%2.24%2.04%2.36%
    20139.05%11.86%2.61%9.80%
    20123.51%22.65%16.41%20.47%
    201112.37%1.33%11.14%4.54%
    201032.98%16.33%19.84%18.51%
    200990.58%63.58%72.15%54.64%
    2008-32.68%-30.39%  
    2007-3.49%0.79%  
    200617.49%10.25%  
    2005-9.02%1.40%  
    2004-2.14%13.77%  
    200363.00%58.61%  
    2002-15.08%-15.25%  
    2001-2.81%-9.57%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 11/30/2021
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 12/7/2021
    6.54%
    Number of Holdings:
    As of 9/30/2021
    263
    Annual Portfolio Turnover:
    As of 3/31/2021
    85.59%
    Average Bond Price:
    As of 9/30/2021
    $105.54
    Asset Allocation

    As of 9/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)90.32%
    Corporate Bond83.46%
    Bank Loan5.97%
    Cash Equivalents (Super Sector)4.87%
    Cash Equivalents4.87%
    Securitized (Super Sector)3.97%
    Asset Backed3.97%
    Convertible0.90%
    Derivative (Super Sector)0.06%
    Future Forward0.06%
    Call Exposure

    As of 10/31/2021 reported by Fund Sponsor

    Top Holdings

    As of 10/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp. 5.25%$3.15M0.94%
    BWAY Holding Company 7.25%$3.13M0.93%
    CommScope Holdings Co Inc 8.25%$3.11M0.92%
    Dealer Tire LLC 8%$3.09M0.92%
    Clarios Global Lp 8.5%$3.09M0.92%
    CP Atlas Buyer Inc. 7%$2.95M0.88%
    Bcpe Ulysses Intermediate Inc 7.75%$2.95M0.88%
    Albertsons, Inc. 8%$2.94M0.88%
    Tennessee Merger Sub, Inc. 6.375%$2.89M0.86%
    LABL Inc 8.25%$2.77M0.83%
    Credit Quality

    As of 9/30/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 9/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 9/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income70.82%
    France - Fixed Income3.47%
    Others - Fixed Income2.36%
    Canada - Fixed Income2.11%
    United Kingdom - Fixed Income1.84%
    Ireland - Fixed Income1.81%
    Germany - Fixed Income1.57%
    Italy - Fixed Income0.77%
    Sweden - Fixed Income0.76%
    Netherlands - Fixed Income0.69%
    Denmark - Fixed Income0.53%
    Finland - Fixed Income0.39%
    Spain - Fixed Income0.21%
    United States - Equity0.10%
    Belgium - Fixed Income0.10%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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