DHF: Discount Widening As Uncertainty Increases

2025-05-02 18:09:36 ET

Summary

• BNY Mellon High Yield Strategies Fund is a leveraged CEF providing exposure to the high-yield debt space.
• Recent market volatility and widening high-yield spreads have pressured DHF's portfolio, causing the NAV to dip lower.
• On top of that, the fund's discount has also been widening, but this makes it a more interesting time to consider adding to this fund overall.

Written by Nick Ackerman, co-produced by Stanford Chemist

BNY Mellon High Yield Strategies Fund ( DHF ) is a closed-end fund that provides investors exposure to below-investment-grade rated debt investments, including corporate bonds and loans. With the latest market volatility, high-yield spreads have been rising, which puts pressure on the fund's underlying portfolio to the downside....

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