# BNY Mellon High Yield Strategies Fund (DHF): Mutual Fund Facts & Distributions

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- Issuer: BNY Mellon · Asset class: Bond
- Strategy: Thematic · Inception: 1998-04-27

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, e...

## Key Facts

| Metric | Value |
|---|---|
| Price | $2.21 |
| Expense Ratio | 3.27% |
| Assets Under Management | $160.4M |
| NAV | — |
| Holdings Count | — |
| Distribution Yield (TTM) | 9.52% |
| Annual Distribution (TTM) | $0.21 /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $2.12 – $2.59 |
| Beta | 0.73 |

## Latest Distribution

- Amount: $0.0175 /share
- Ex-date: 2026-11-05
- Pay date: 2026-11-20

## Frequently Asked Questions

### What does DHF invest in?

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.

### What is the expense ratio of DHF?

BNY Mellon High Yield Strategies Fund (DHF) charges an expense ratio of 3.27%. This is the annual fee deducted from fund assets to cover management and operations.

### What is DHF's dividend yield?

DHF's trailing-twelve-month yield is 9.52%, calculated from the sum of dividends over the past year divided by the current price.

### What is the duration of DHF?

Effective duration measures DHF's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DHF's current duration is published on the fund's factsheet on the issuer's website.

### What is the credit quality of DHF?

DHF's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

### What is the yield to maturity of DHF?

Yield to maturity (YTM) is the total return you'd earn from DHF if every bond in the portfolio is held to maturity at the current price. DHF's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

### Does DHF pay a dividend?

Yes, BNY Mellon High Yield Strategies Fund (DHF) distributes dividends to shareholders. The trailing-twelve-month yield is 9.52%. Full dividend history is on this page.

### How often does DHF pay dividends?

BNY Mellon High Yield Strategies Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### When is DHF's next ex-dividend date?

The most recently announced ex-dividend date for DHF was 2026-11-05. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### How much will DHF's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 3.27% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does DHF charge its expense ratio?

The expense ratio is deducted in tiny daily slices from DHF's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does DHF cost more than a fund like VOO?

DHF's strategy (current expense ratio 3.27%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where DHF sits within its own category, which is the comparison that actually matters.

### Are there cheaper alternatives to DHF?

The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as DHF (3.27%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/dhf
- Distribution history: https://www.dividenddata.com/funds/dhf/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/dhf/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/dhf/expenses
- Peer comparison: https://www.dividenddata.com/funds/dhf/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.