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BNY Mellon High-Yield Strategies Fund trades at a deep discount with an 8.75% yield and strong income coverage.

Market News
10 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

The BNY Mellon High-Yield Strategies Fund (DHF) is currently trading at a significant discount to its net asset value, offering an attractive 8.75% distribution yield. The fund maintains a solid net investment income coverage of 95.2% and a relatively low effective duration of 3.11 years, which helps manage interest rate risk. Despite some leverage and sensitivity to economic changes, DHF's diversification across 316 holdings and increased exposure to higher-quality BBB-rated bonds help mitigate risk. This makes DHF appealing for income-focused investors seeking a balance of yield and risk management.

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