BNY Mellon High Yield Strategies Fund (DHF)
BNY Mellon High Yield Strategies Fund operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $2.40, up 0.00% on the session, giving a market capitalisation of $174.6M. On trailing twelve-month figures it carries a trailing P/E of 13.97, a net margin of 55.8%. Its beta of 0.72 implies it has historically moved less than the broad market.
Managed by BNY Mellon Investment Adviser, Inc., the BNY Mellon High Yield Strategies Fund operates as a closed-end mutual fund focused on fixed income investments. Its strategy involves allocating capital primarily within the United States' fixed income markets. The fund predominantly invests in debt securities of below investment-grade quality, particularly those issued by nascent companies or businesses with highly leveraged financial structures. For performance evaluation, it benchmarks against the BofA Merrill Lynch U.S High Yield Master II Constrained Index. This U.S.-domiciled fund, established on April 29, 1998, was formerly known as the Dreyfus High Yield Strategies Fund.
BNY Mellon High Yield Strategies Fund is most often compared with the following Financial Services names: