DHF Profile
BNY Mellon High Yield Strategies Fund, a closed-ended fixed income mutual fund, is managed by BNY Mellon Investment Adviser, Inc. Established on April 29, 1998, and domiciled in the United States, the fund focuses its investments in the U.S. fixed income markets. It primarily targets securities of below investment grade quality, which include those issued by companies in early development stages and firms with highly leveraged financial structures.
The fund's investment strategy aims to capitalize on high yield opportunities by diversifying across various sectors within the high yield market. By investing in below investment grade securities, the fund seeks to generate attractive returns for its investors, albeit with a higher risk profile compared to investment grade securities. This approach is benchmarked against the BofA Merrill Lynch U.S. High Yield Master II Constrained Index, ensuring that the fund's performance is measured against a representative index of the high yield market.
Originally known as Dreyfus High Yield Strategies Fund, BNY Mellon High Yield Strategies Fund has a long-standing history of navigating the complexities of the high yield market. The fund's management leverages in-depth research and market insights to identify and invest in high potential fixed income securities, aiming to maximize returns while managing risks associated with lower credit quality investments. This disciplined investment process is designed to provide investors with a balanced approach to high yield investing.
BNY Mellon Investment Adviser, Inc., renowned for its expertise in fixed income management, oversees the fund's operations, ensuring that investment strategies align with the fund's objectives. The firm's robust analytical capabilities and extensive market experience contribute to the fund's ability to achieve its performance goals. As a part of BNY Mellon, the fund benefits from the extensive resources and support of one of the world's leading financial services institutions, enhancing its potential to deliver consistent value to investors.
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