BNY Mellon High Yield Strategies Fund

BNY Mellon High Yield Strategies Fund is a closed-end fixed income fund that seeks to provide high current income, with a secondary aim of capital growth when consistent with its primary objective. Managed by Alcentra NY, LLC and sponsored by BNY Mellon, the fund primarily invests in below investment grade fixed income securities—commonly referred to as "high yield" or "junk" bonds—within both U.S. and Western European credit markets. This global strategy allows for expanded opportunities across developed credit sectors and is designed to address yield-challenged environments. The fund maintains a managed distribution policy, disbursing regular dividends which may include net investment income, realized gains, and return of capital. BNY Mellon High Yield Strategies Fund has a long operating history, first offered in 1998, and is distinguished by its relatively high distribution rate compared to peers in the high yield closed-end fund category. Its performance is commonly benchmarked against indices such as the ICE BofA US High Yield Constrained Index, helping investors gauge its returns in relation to the broader high yield market. The fund plays a significant role in the market by offering diversified exposure to non-investment grade corporate credits and has been recognized for its experienced management and consistent income-focused approach.