Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
27 April 1998Website:
Next earnings report:
N/ALast dividends:
11 September 2024Next dividends:
N/APrice
after hours | Thu, 12 Sep 2024 20:00:50 GMTAnalysts recommendations
Institutional Ownership
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DHF Latest News
BNY Mellon High Yield Strategies Fund has increased its distribution thanks to strong distribution coverage. DHF also trades at an attractive valuation, making it a potential option for investors in the high-yield market. The fund's performance has been respectable compared to its benchmark, but as a leveraged fund, it will be more volatile.
Credit Suisse High Yield Bond Fund and BNY Mellon High Yield Strategies Fund offer high monthly distributions and are trading at attractive discounts. Both funds utilize leverage to increase their potential returns and income-generation, but this comes with increased volatility and now higher borrowing costs. DHY has a stronger performance track record, but DHF looks like the better value today with strong distribution coverage as well.
BNY Mellon High Yield Strategies Fund offers a 7.76% yield, but other junk bond funds have considerably higher yields. The DHF closed-end fund has delivered impressive performance in recent months, but the market may have overpriced junk bonds. Investors may be better off selling the fund and purchasing higher-yielding peers to reduce risk and potentially maintain income.
Active management has had a strong 2023 so far, attracting about 30% of inflows, despite representing less than 6% of total assets invested in ETFs. Strong performance has drawn much of those inflows, as active managers have been able to outperform passive strategies in this year's churning markets.
BNY Mellon High Yield Strategies Fund offers a high yield of 8.18%, higher than many other investments in the market. The DHF closed-end fund's recent price performance has been decent, only down 0.90% over the past year. The fund primarily invests in junk bonds, which may concern risk-averse investors, but it has a diversified portfolio to minimize individual issuer risks.
What type of business is BNY Mellon High Yield Strategies Fund?
BNY Mellon High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. The fund invests in the fixed income markets of the United States. It primarily invests in fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch U.S High Yield Master II Constrained Index. It was formerly known as Dreyfus High Yield Strategies Fund. BNY Mellon High Yield Strategies Fund was formed in April 29, 1998 and is domiciled in the United States.
What sector is BNY Mellon High Yield Strategies Fund in?
BNY Mellon High Yield Strategies Fund is in the Financial Services sector
What industry is BNY Mellon High Yield Strategies Fund in?
BNY Mellon High Yield Strategies Fund is in the Asset Management industry
What country is BNY Mellon High Yield Strategies Fund from?
BNY Mellon High Yield Strategies Fund is headquartered in United States
When did BNY Mellon High Yield Strategies Fund go public?
BNY Mellon High Yield Strategies Fund initial public offering (IPO) was on 27 April 1998
Is BNY Mellon High Yield Strategies Fund in the S&P 500?
No, BNY Mellon High Yield Strategies Fund is not included in the S&P 500 index
Is BNY Mellon High Yield Strategies Fund in the NASDAQ 100?
No, BNY Mellon High Yield Strategies Fund is not included in the NASDAQ 100 index
Is BNY Mellon High Yield Strategies Fund in the Dow Jones?
No, BNY Mellon High Yield Strategies Fund is not included in the Dow Jones index
When was BNY Mellon High Yield Strategies Fund the previous earnings report?
No data
When does BNY Mellon High Yield Strategies Fund earnings report?
Next earnings report date is not announced yet