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 US 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