DHF: This Junk Bond Fund's Historical Performance Is Lacking

2025-10-30 18:06:39 ET

The BNY Mellon High Yield Strategies Fund ( DHF ) is a closed-end fund that aims to provide its investors with a very high level of current income. As the name of this fund suggests, DHF seeks to achieve its goal by investing in a portfolio that consists heavily of junk bonds. According to the fund’s website , the portfolio consists almost entirely of securities that are rated below investment-grade, with the exception of a 4.58% allocation to BBB-rated investment-grade bonds and a small allocation to cash:

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