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Stock impact report

DHF: Bond Fund Remains Resilient But Still Not A Buy [Seeking Alpha]

BNY Mellon High Yield Strategies Fund (DHF) 
Company Research Source: Seeking Alpha
DHF trades at a 9% discount to NAV, but aggressive leverage and high sensitivity to interest rates constrain upside. Dividend yield stands at 8.3%, yet payout sustainability is challenged by inconsistent net realized gains and declining NAV. Portfolio is heavily below-investment-grade, with 90% of holdings rated BB or lower, amplifying default and rate risk. Maks_Lab/iStock via Getty Images Overview When I previously covered the BNY Mellon High Yield Strategies Fund ( DHF ), I issued a hold rating due to the inconsistent earnings and poor performance at the time. Since the interest rate environment has This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relatio Show less Read more
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