NPORT-EX 2 NPORT_9W46_49781993_0126.htm EDGAR HTML
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)
January 31, 2026

Principal Amount
Value
Asset-Backed Securities 2.9%
Other 2.9%
 
 
$1,000,000
Bain Capital Credit CLO Ltd., Series 2023-2A, Class D1R, (3 mo. USD Term SOFR + 2.85%), 6.52%,
due 7/18/2038
$1,003,193
(a)(b)
1,000,000
Barings CLO Ltd., Series 2020-1A, Class D1R2, (3 mo. USD Term SOFR + 2.75%), 6.42%, due
1/15/2038
1,004,039
(a)(b)
1,000,000
Invesco U.S. CLO Ltd., Series 2025-2A, Class E, (3 mo. USD Term SOFR + 5.00%), 8.67%, due
7/15/2038
999,167
(a)(b)
750,000
Oaktree CLO Ltd., Series 2024-25A, Class E, (3 mo. USD Term SOFR + 6.59%), 10.26%, due
4/20/2037
753,035
(a)(b)
500,000
OCP CLO Ltd., Series 2021-23A, Class ER2, (3 mo. USD Term SOFR + 4.50%), 0.00%, due 1/17/2039
500,698
(a)(b)
1,000,000
Palmer Square CLO Ltd., Series 2024-4A, Class E, (3 mo. USD Term SOFR + 5.00%), 8.67%, due
1/15/2038
1,007,088
(a)(b)
500,000
Signal Peak CLO 11 Ltd., Series 2024-11A, Class D1, (3 mo. USD Term SOFR + 3.10%), 6.77%, due
7/18/2037
499,986
(a)(b)
1,000,000
Symphony CLO 44 Ltd., Series 2024-44A, Class D, (3 mo. USD Term SOFR + 3.20%), 6.87%, due
7/14/2037
1,007,187
(a)(b)
Total Asset-Backed Securities (Cost $6,742,500)
6,774,393
Corporate Bonds 135.5%
Advertising 2.1%
 
Clear Channel Outdoor Holdings, Inc.
230,000
7.75%, due 4/15/2028
230,072
(a)
240,000
7.50%, due 6/1/2029
237,485
(a)
795,000
7.88%, due 4/1/2030
837,029
(a)
580,000
7.13%, due 2/15/2031
604,826
(a)
415,000
7.50%, due 3/15/2033
440,953
(a)
355,000
CMG Media Corp., 8.88%, due 6/18/2029
307,547
(a)
 
Neptune Bidco U.S., Inc.
1,285,000
9.29%, due 4/15/2029
1,319,446
(a)(c)
40,000
10.38%, due 5/15/2031
42,292
(a)
690,000
9.50%, due 2/15/2033
702,603
(a)
 
4,722,253
Aerospace & Defense 2.4%
965,000
AAR Escrow Issuer LLC, 6.75%, due 3/15/2029
998,767
(a)(c)
 
Bombardier, Inc.
480,000
7.25%, due 7/1/2031
509,599
(a)
1,115,000
7.00%, due 6/1/2032
1,170,436
(a)(c)
195,000
6.75%, due 6/15/2033
204,826
(a)
650,000
Goat Holdco LLC, 6.75%, due 2/1/2032
667,565
(a)
 
TransDigm, Inc.
570,000
6.63%, due 3/1/2032
589,365
(a)
10,000
6.00%, due 1/15/2033
10,189
(a)
535,000
6.38%, due 5/31/2033
544,636
(a)
740,000
6.75%, due 1/31/2034
765,912
(a)(c)
 
5,461,295
Airlines 0.1%
345,000
United Airlines Holdings, Inc., 5.38%, due 3/1/2031
348,426
(d)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Apparel 1.4%
$1,322,830
Beach Acquisition Bidco LLC, 10.00% Cash/10.75% PIK, due 7/15/2033
$1,455,563
(a)(c)(e)
465,000
Champ Acquisition Corp., 8.38%, due 12/1/2031
495,789
(a)
705,000
S&S Holdings LLC, 8.38%, due 10/1/2031
672,172
(a)
565,000
VF Corp., 2.95%, due 4/23/2030
515,347
 
3,138,871
Auto Manufacturers 1.1%
 
Allison Transmission, Inc.
320,000
5.88%, due 6/1/2029
324,024
(a)
665,000
5.88%, due 12/1/2033
674,413
(a)
 
Nissan Motor Acceptance Co. LLC
155,000
7.05%, due 9/15/2028
160,716
(a)
145,000
5.63%, due 9/29/2028
145,497
(a)
65,000
5.55%, due 9/13/2029
64,615
(a)
115,000
6.13%, due 9/30/2030
114,681
(a)
 
Nissan Motor Co. Ltd.
235,000
7.50%, due 7/17/2030
246,744
(a)
575,000
4.81%, due 9/17/2030
542,826
(a)
115,000
7.75%, due 7/17/2032
121,368
(a)
120,000
8.13%, due 7/17/2035
128,151
(a)
 
2,523,035
Auto Parts & Equipment 2.9%
1,490,000
Clarios Global LP/Clarios U.S. Finance Co., 6.75%, due 9/15/2032
1,542,195
(a)(c)
565,000
Dornoch Debt Merger Sub, Inc., 6.63%, due 10/15/2029
503,105
(a)
1,060,000
Forvia SE, 6.75%, due 9/15/2033
1,086,861
(a)(c)
 
Goodyear Tire & Rubber Co.
150,000
5.00%, due 7/15/2029
146,900
160,000
5.25%, due 7/15/2031
152,395
120,000
5.63%, due 4/30/2033
114,406
 
IHO Verwaltungs GmbH
855,000
7.75% Cash/8.50% PIK, due 11/15/2030
898,876
(a)(c)(e)
355,000
8.00% Cash/8.75% PIK, due 11/15/2032
378,331
(a)(e)
 
ZF North America Capital, Inc.
435,000
6.88%, due 4/14/2028
449,135
(a)
315,000
7.13%, due 4/14/2030
322,367
(a)
485,000
6.75%, due 4/23/2030
486,278
(a)
410,000
7.50%, due 3/24/2031
420,245
(a)
165,000
6.88%, due 4/23/2032
164,532
(a)
 
6,665,626
Banks 0.3%
745,000
Walker & Dunlop, Inc., 6.63%, due 4/1/2033
763,687
(a)(c)
Biotechnology 0.3%
170,000
BioMarin Pharmaceutical, Inc., 5.50%, due 2/15/2034
170,471
(a)(d)
 
Genmab AS/Genmab Finance LLC
365,000
6.25%, due 12/15/2032
374,139
(a)
245,000
7.25%, due 12/15/2033
259,298
(a)
 
803,908
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Building Materials 4.6%
 
Builders FirstSource, Inc.
$720,000
6.38%, due 3/1/2034
$744,968
(a)
810,000
6.75%, due 5/15/2035
851,010
(a)(c)
385,000
Camelot Return Merger Sub, Inc., 8.75%, due 8/1/2028
299,281
(a)
315,000
Cornerstone Building Brands, Inc., 9.50%, due 8/15/2029
237,935
(a)
 
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
1,010,000
6.63%, due 12/15/2030
1,045,428
(a)(c)
535,000
6.75%, due 7/15/2031
561,300
(a)
605,000
Jeld-Wen, Inc., 7.00%, due 9/1/2032
378,957
(a)
 
JH North America Holdings, Inc.
260,000
5.88%, due 1/31/2031
264,428
(a)
490,000
6.13%, due 7/31/2032
499,267
(a)
850,000
Knife River Corp., 7.75%, due 5/1/2031
885,063
(a)(c)
735,000
Masterbrand, Inc., 7.00%, due 7/15/2032
762,214
(a)
340,000
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, 6.75%, due 4/1/2032
349,201
(a)
925,000
MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, due 2/1/2030
898,628
(a)(c)
780,000
Quikrete Holdings, Inc., 6.38%, due 3/1/2032
808,931
(a)
 
Standard Building Solutions, Inc.
780,000
6.50%, due 8/15/2032
804,287
(a)
1,025,000
6.25%, due 8/1/2033
1,047,711
(a)(c)
145,000
5.88%, due 3/15/2034
144,859
(a)
 
10,583,468
Chemicals 3.7%
280,000
Ashland, Inc., 6.88%, due 5/15/2043
295,949
795,000
Axalta Coating Systems Dutch Holding B BV, 7.25%, due 2/15/2031
836,702
(a)
 
Celanese U.S. Holdings LLC
320,000
7.05%, due 11/15/2030
338,544
(f)
170,000
7.00%, due 2/15/2031
173,889
145,000
7.38%, due 7/15/2032
151,277
140,000
7.20%, due 11/15/2033
148,107
(f)
175,000
7.38%, due 2/15/2034
178,077
920,000
Inversion Escrow Issuer LLC, 6.75%, due 8/1/2032
911,256
(a)
 
Olympus Water U.S. Holding Corp.
360,000
4.25%, due 10/1/2028
349,903
(a)
1,115,000
6.25%, due 10/1/2029
1,091,050
(a)(c)
185,000
7.25%, due 6/15/2031
189,634
(a)
300,000
7.25%, due 2/15/2033
298,833
(a)
1,260,000
SCIH Salt Holdings, Inc., 6.63%, due 5/1/2029
1,259,379
(a)(c)
 
WR Grace Holdings LLC
695,000
5.63%, due 8/15/2029
664,197
(a)
975,000
7.38%, due 3/1/2031
995,223
(a)(c)
435,000
6.63%, due 8/15/2032
432,597
(a)
150,000
7.00%, due 8/1/2033
150,188
(a)
 
8,464,805
Commercial Services 9.4%
890,000
ADT Security Corp., 5.88%, due 10/15/2033
902,237
(a)(c)
965,000
Albion Financing 1 SARL/Aggreko Holdings, Inc., 7.00%, due 5/21/2030
1,005,783
(a)(c)
915,000
Allied Universal Holdco LLC, 7.88%, due 2/15/2031
962,967
(a)(c)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Commercial Services – cont'd
 
Allied Universal Holdco LLC/Allied Universal Finance Corp.
$1,180,000
6.00%, due 6/1/2029
$1,169,976
(a)(c)
475,000
6.88%, due 6/15/2030
493,290
(a)
 
Block, Inc.
485,000
5.63%, due 8/15/2030
493,654
(a)(c)
975,000
6.00%, due 8/15/2033
995,946
(a)(c)
645,000
Champions Financing, Inc., 8.75%, due 2/15/2029
625,692
(a)
1,175,000
EquipmentShare.com, Inc., 8.00%, due 3/15/2033
1,239,390
(a)(c)
 
Garda World Security Corp.
565,000
6.00%, due 6/1/2029
555,955
(a)
420,000
6.50%, due 1/15/2031
430,526
(a)
680,000
8.25%, due 8/1/2032
694,868
(a)
895,000
8.38%, due 11/15/2032
918,866
(a)(c)
 
Herc Holdings, Inc.
828,000
7.00%, due 6/15/2030
869,038
(a)
245,000
5.75%, due 3/15/2031
246,739
(a)
1,168,000
7.25%, due 6/15/2033
1,236,107
(a)(c)
320,000
6.00%, due 3/15/2034
321,622
(a)
505,000
Mavis Tire Express Services Topco Corp., 6.50%, due 5/15/2029
504,009
(a)
610,000
Raven Acquisition Holdings LLC, 6.88%, due 11/15/2031
611,296
(a)
430,000
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 6.75%, due 8/15/2032
438,682
(a)
 
United Rentals North America, Inc.
650,000
5.25%, due 1/15/2030
657,026
935,000
5.38%, due 11/15/2033
934,450
(a)
1,005,000
Veritiv Operating Co., 10.50%, due 11/30/2030
1,076,101
(a)(c)
1,255,000
VM Consolidated, Inc., 5.50%, due 4/15/2029
1,234,034
(a)
1,515,000
Wand NewCo 3, Inc., 7.63%, due 1/30/2032
1,592,944
(a)(c)
 
Williams Scotsman, Inc.
310,000
6.63%, due 6/15/2029
320,497
(a)
170,000
6.63%, due 4/15/2030
176,139
(a)
823,000
7.38%, due 10/1/2031
858,054
(a)(c)
 
21,565,888
Computers 2.0%
870,000
Ahead DB Holdings LLC, 6.63%, due 5/1/2028
860,432
(a)(c)
1,275,000
Amentum Holdings, Inc., 7.25%, due 8/1/2032
1,343,624
(a)(c)
615,000
CACI International, Inc., 6.38%, due 6/15/2033
638,085
(a)
1,085,000
Fortress Intermediate 3, Inc., 7.50%, due 6/1/2031
1,105,219
(a)(c)
595,000
Science Applications International Corp., 5.88%, due 11/1/2033
599,682
(a)
 
4,547,042
Distribution - Wholesale 1.8%
770,000
Dealer Tire LLC/DT Issuer LLC, 8.00%, due 2/1/2028
768,769
(a)
975,000
RB Global Holdings, Inc., 7.75%, due 3/15/2031
1,016,327
(a)(c)
990,000
Resideo Funding, Inc., 6.50%, due 7/15/2032
1,005,603
(a)
1,265,000
Windsor Holdings III LLC, 8.50%, due 6/15/2030
1,332,979
(a)(c)
 
4,123,678
Diversified Financial Services 7.3%
 
Azorra Finance Ltd.
775,000
7.75%, due 4/15/2030
815,602
(a)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Diversified Financial Services – cont'd
$470,000
7.25%, due 1/15/2031
$492,249
(a)
 
CrossCountry Intermediate HoldCo LLC
795,000
6.50%, due 10/1/2030
806,917
(a)
355,000
6.75%, due 12/1/2032
357,919
(a)
640,000
Focus Financial Partners LLC, 6.75%, due 9/15/2031
655,187
(a)
490,000
Freedom Mortgage Holdings LLC, 8.38%, due 4/1/2032
512,579
(a)
880,000
Global Aircraft Leasing Co. Ltd., 8.75%, due 9/1/2027
910,915
(a)
 
Jane Street Group/JSG Finance, Inc.
670,000
7.13%, due 4/30/2031
704,447
(a)
500,000
6.13%, due 11/1/2032
509,253
(a)
 
Navient Corp.
785,000
5.50%, due 3/15/2029
767,809
570,000
7.88%, due 6/15/2032
575,313
 
OneMain Finance Corp.
975,000
6.63%, due 5/15/2029
1,005,008
(c)
470,000
5.38%, due 11/15/2029
468,762
700,000
6.13%, due 5/15/2030
713,576
430,000
7.13%, due 11/15/2031
445,578
1,080,000
7.13%, due 9/15/2032
1,118,449
(c)
360,000
6.50%, due 3/15/2033
361,845
 
PennyMac Financial Services, Inc.
425,000
7.13%, due 11/15/2030
438,768
(a)
540,000
5.75%, due 9/15/2031
533,283
(a)
330,000
6.88%, due 5/15/2032
337,246
(a)
1,050,000
6.88%, due 2/15/2033
1,071,011
(a)(c)
915,000
Provident Funding Associates LP/PFG Finance Corp., 9.75%, due 9/15/2029
959,743
(a)(c)
650,000
Rocket Cos., Inc., 6.38%, due 8/1/2033
674,350
(a)
 
UWM Holdings LLC
635,000
6.63%, due 2/1/2030
640,483
(a)
155,000
6.25%, due 3/15/2031
154,021
(a)
655,000
Velocity Commercial Capital LLC, 9.38%, due 2/15/2031
664,825
(a)
 
16,695,138
Electric 6.4%
 
Alpha Generation LLC
1,405,000
6.75%, due 10/15/2032
1,456,707
(a)(c)
610,000
6.25%, due 1/15/2034
613,958
(a)
580,000
Clearway Energy Operating LLC, 5.75%, due 1/15/2034
582,114
(a)
795,000
Hawaiian Electric Co., Inc., 6.00%, due 10/1/2033
807,093
(a)
1,273,000
Lightning Power LLC, 7.25%, due 8/15/2032
1,354,974
(a)(c)
 
NRG Energy, Inc.
850,000
10.25%, due 3/15/2028
936,055
(a)(c)(g)(h)
655,000
6.00%, due 2/1/2033
667,568
(a)
1,170,000
5.75%, due 1/15/2034
1,177,759
(a)(c)
600,000
6.00%, due 1/15/2036
606,262
(a)(c)
 
Talen Energy Supply LLC
750,000
6.25%, due 2/1/2034
760,095
(a)
750,000
6.50%, due 2/1/2036
768,933
(a)
 
Vistra Operations Co. LLC
480,000
7.75%, due 10/15/2031
507,898
(a)
1,395,000
6.88%, due 4/15/2032
1,465,782
(a)(c)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Electric – cont'd
$790,000
6.95%, due 10/15/2033
$875,999
(a)
1,305,000
VoltaGrid LLC, 7.38%, due 11/1/2030
1,321,719
(a)(c)
705,000
XPLR Infrastructure Operating Partners LP, 7.75%, due 4/15/2034
718,639
(a)
 
14,621,555
Electrical Components & Equipment 0.3%
625,000
EnerSys, 6.63%, due 1/15/2032
647,339
(a)
Electronics 0.7%
1,435,000
Sensata Technologies, Inc., 6.63%, due 7/15/2032
1,499,061
(a)(c)
Engineering & Construction 0.7%
545,000
Artera Services LLC, 8.50%, due 2/15/2031
443,002
(a)
340,000
Brand Industrial Services, Inc., 10.38%, due 8/1/2030
325,971
(a)
 
Global Infrastructure Solutions, Inc.
395,000
5.63%, due 6/1/2029
395,821
(a)
430,000
7.50%, due 4/15/2032
460,530
(a)
 
1,625,324
Entertainment 4.3%
 
Churchill Downs, Inc.
60,000
5.75%, due 4/1/2030
60,325
(a)
1,285,000
6.75%, due 5/1/2031
1,323,979
(a)(c)
1,335,000
Light & Wonder International, Inc., 6.25%, due 10/1/2033
1,351,688
(a)(c)
1,250,000
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, due 5/1/2029
1,227,928
(a)(c)
 
Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC
525,000
8.25%, due 4/15/2030
547,391
(a)(c)
160,000
11.88%, due 4/15/2031
168,057
(a)
675,000
SeaWorld Parks & Entertainment, Inc., 5.25%, due 8/15/2029
659,892
(a)
925,000
Six Flags Entertainment Corp., 7.25%, due 5/15/2031
912,855
(a)
 
Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp.
335,000
6.50%, due 10/1/2028
334,601
325,000
5.25%, due 7/15/2029
312,067
325,000
Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium Operations LLC, 8.63%, due
1/15/2032
331,646
(a)
630,000
Six Flags Entertainment Corp./Six Flags Theme Parks, Inc./Canada's Wonderland Co., 6.63%, due
5/1/2032
643,761
(a)
 
Warnermedia Holdings, Inc.
1,155,000
4.28%, due 3/15/2032
1,016,400
(c)
940,000
5.05%, due 3/15/2042
660,350
215,000
5.14%, due 3/15/2052
142,895
165,000
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 6.25%, due 3/15/2033
168,107
(a)
 
9,861,942
Environmental Control 1.2%
705,000
Luna 1.5 SARL, 12.00%, due 7/1/2032
743,989
(a)(e)
1,905,000
Madison IAQ LLC, 5.88%, due 6/30/2029
1,902,631
(a)(c)
 
2,646,620
Food 1.9%
650,000
Albertsons Cos., Inc., 5.63%, due 3/31/2032
649,341
(a)(d)
 
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC
275,000
5.50%, due 3/31/2031
275,486
(a)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Food – cont'd
$905,000
6.25%, due 3/15/2033
$924,097
(a)(c)
670,000
5.75%, due 3/31/2034
658,927
(a)(i)
455,000
Froneri Lux FinCo SARL, 6.00%, due 8/1/2032
460,743
(a)
 
Performance Food Group, Inc.
170,000
4.25%, due 8/1/2029
166,456
(a)
690,000
6.13%, due 9/15/2032
708,670
(a)
470,000
U.S. Foods, Inc., 5.75%, due 4/15/2033
478,127
(a)
 
4,321,847
Food Service 0.5%
 
TKC Holdings, Inc.
450,000
6.88%, due 5/15/2028
453,117
(a)
760,000
10.50%, due 5/15/2029
781,597
(a)
 
1,234,714
Forest Products & Paper 0.4%
900,000
Ahlstrom Holding 3 Oy, 4.88%, due 2/4/2028
889,850
(a)(c)
Healthcare - Products 1.0%
1,235,000
Bausch & Lomb Corp., 8.38%, due 10/1/2028
1,287,487
(a)(c)
875,000
Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, due 4/1/2029
903,097
(a)(c)
 
2,190,584
Healthcare - Services 5.9%
500,000
Acadia Healthcare Co., Inc., 5.00%, due 4/15/2029
480,031
(a)
 
CHS/Community Health Systems, Inc.
285,000
6.88%, due 4/15/2029
262,072
(a)
40,000
6.13%, due 4/1/2030
32,918
(a)
550,000
5.25%, due 5/15/2030
518,603
(a)
268,000
10.88%, due 1/15/2032
288,512
(a)
530,000
9.75%, due 1/15/2034
552,569
(a)
1,250,000
Global Medical Response, Inc., 7.38%, due 10/1/2032
1,292,488
(a)(c)
470,000
IQVIA, Inc., 6.50%, due 5/15/2030
486,861
(a)
 
LifePoint Health, Inc.
160,000
5.38%, due 1/15/2029
155,360
(a)
785,000
9.88%, due 8/15/2030
842,175
(a)
1,080,000
10.00%, due 6/1/2032
1,139,421
(a)(c)
 
Molina Healthcare, Inc.
320,000
6.50%, due 2/15/2031
327,951
(a)
1,620,000
6.25%, due 1/15/2033
1,631,429
(a)(c)
660,000
Select Medical Corp., 6.25%, due 12/1/2032
640,519
(a)
790,000
Star Parent, Inc., 9.00%, due 10/1/2030
833,823
(a)
1,460,000
Surgery Center Holdings, Inc., 7.25%, due 4/15/2032
1,469,947
(a)(c)
535,000
TEAM Services Holding, Inc., 9.00%, due 2/15/2033
535,000
(a)(d)(j)
2,015,000
Tenet Healthcare Corp., 6.00%, due 11/15/2033
2,073,500
(a)(c)
 
13,563,179
Home Builders 2.1%
695,000
Beazer Homes USA, Inc., 7.50%, due 3/15/2031
707,156
(a)
220,000
Installed Building Products, Inc., 5.63%, due 2/1/2034
221,265
(a)
 
K Hovnanian Enterprises, Inc.
530,000
8.00%, due 4/1/2031
542,967
(a)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Home Builders – cont'd
$335,000
8.38%, due 10/1/2033
$342,368
(a)
595,000
LGI Homes, Inc., 7.00%, due 11/15/2032
580,314
(a)
1,110,000
Mattamy Group Corp., 6.00%, due 12/15/2033
1,090,651
(a)(c)
1,335,000
Taylor Morrison Communities, Inc., 5.75%, due 11/15/2032
1,370,271
(a)(c)
 
4,854,992
Home Furnishings 0.2%
 
Whirlpool Corp.
265,000
6.13%, due 6/15/2030
265,691
265,000
6.50%, due 6/15/2033
261,500
 
527,191
Insurance 5.1%
 
Acrisure LLC/Acrisure Finance, Inc.
1,005,000
8.25%, due 2/1/2029
1,042,037
(a)(c)
235,000
8.50%, due 6/15/2029
245,749
(a)
1,120,000
7.50%, due 11/6/2030
1,159,526
(a)(c)
425,000
6.75%, due 7/1/2032
435,711
(a)
 
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
475,000
7.00%, due 1/15/2031
492,460
(a)
380,000
6.50%, due 10/1/2031
390,583
(a)
665,000
Amynta Agency Borrower, Inc. & Amynta Warranty Borrower, Inc., 7.50%, due 7/15/2033
678,014
(a)(c)
885,000
Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance, 7.13%, due
5/15/2031
910,067
(a)(c)
1,190,000
Broadstreet Partners Group LLC, 5.88%, due 4/15/2029
1,187,188
(a)(c)
 
Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC
380,000
7.25%, due 2/15/2031
393,023
(a)
760,000
8.13%, due 2/15/2032
774,392
(a)
130,000
8.13%, due 2/15/2032
132,462
(a)(d)
 
HUB International Ltd.
1,355,000
7.25%, due 6/15/2030
1,413,745
(a)(c)
855,000
7.38%, due 1/31/2032
895,618
(a)(c)
960,000
Jones Deslauriers Insurance Management, Inc., 6.88%, due 10/1/2033
935,743
(a)(c)
495,000
USI, Inc., 7.50%, due 1/15/2032
518,201
(a)
 
11,604,519
Internet 0.9%
320,000
Gen Digital, Inc., 6.25%, due 4/1/2033
321,542
(a)
225,000
Rakuten Group, Inc., 9.75%, due 4/15/2029
252,079
(a)
 
Wayfair LLC
510,000
7.25%, due 10/31/2029
533,250
(a)
835,000
6.75%, due 11/15/2032
863,033
(a)
 
1,969,904
Iron - Steel 2.0%
640,000
Carpenter Technology Corp., 5.63%, due 3/1/2034
649,453
(a)
445,000
Champion Iron Canada, Inc., 7.88%, due 7/15/2032
476,020
(a)
 
Cleveland-Cliffs, Inc.
500,000
6.88%, due 11/1/2029
519,603
(a)
420,000
7.50%, due 9/15/2031
443,215
(a)
520,000
7.00%, due 3/15/2032
533,643
(a)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Iron - Steel – cont'd
$1,830,000
Mineral Resources Ltd., 7.00%, due 4/1/2031
$1,923,249
(a)(c)
 
4,545,183
Leisure Time 3.4%
950,000
Acushnet Co., 5.63%, due 12/1/2033
958,930
(a)
950,000
Carnival Corp., 6.13%, due 2/15/2033
977,272
(a)
975,000
Lindblad Expeditions LLC, 7.00%, due 9/15/2030
1,017,838
(a)(c)
1,795,000
NCL Corp. Ltd., 6.75%, due 2/1/2032
1,839,527
(a)(c)
1,195,000
Patrick Industries, Inc., 6.38%, due 11/1/2032
1,223,055
(a)(c)
1,585,000
Viking Cruises Ltd., 5.88%, due 10/15/2033
1,606,860
(a)(c)
230,000
Viking Ocean Cruises Ship VII Ltd., 5.63%, due 2/15/2029
230,010
(a)
 
7,853,492
Lodging 0.5%
650,000
Hilton Domestic Operating Co., Inc., 5.88%, due 4/1/2029
665,036
(a)
495,000
Travel & Leisure Co., 6.13%, due 9/1/2033
500,258
(a)
 
1,165,294
Machinery - Construction & Mining 1.2%
1,040,000
Manitowoc Co., Inc., 9.25%, due 10/1/2031
1,129,552
(a)(c)
1,535,000
Terex Corp., 6.25%, due 10/15/2032
1,571,701
(a)(c)
 
2,701,253
Machinery - Diversified 1.2%
550,000
Columbus McKinnon Corp., 7.13%, due 2/1/2033
552,860
(a)
1,035,000
Lsf12 Helix Parent LLC, 7.13%, due 2/1/2033
1,038,038
(a)(d)
1,055,000
SPX FLOW, Inc., 8.75%, due 4/1/2030
1,083,955
(a)(c)
 
2,674,853
Media 5.1%
 
CCO Holdings LLC/CCO Holdings Capital Corp.
1,020,000
5.38%, due 6/1/2029
1,008,683
(a)(c)
735,000
4.75%, due 3/1/2030
702,146
(a)
1,090,000
4.25%, due 2/1/2031
997,944
(a)(c)
830,000
7.38%, due 3/1/2031
853,750
(a)
220,000
4.75%, due 2/1/2032
200,945
(a)
520,000
4.50%, due 5/1/2032
466,641
390,000
4.50%, due 6/1/2033
341,238
(a)
440,000
4.25%, due 1/15/2034
371,664
(a)
 
CSC Holdings LLC
510,000
5.50%, due 4/15/2027
450,148
(a)
355,000
5.38%, due 2/1/2028
264,954
(a)
480,000
7.50%, due 4/1/2028
287,198
(a)
815,000
11.25%, due 5/15/2028
653,211
(a)
860,000
11.75%, due 1/31/2029
627,083
(a)(c)
345,000
6.50%, due 2/1/2029
220,903
(a)
710,000
5.75%, due 1/15/2030
279,069
(a)
205,000
4.50%, due 11/15/2031
124,357
(a)
355,000
Discovery Communications LLC, 4.13%, due 5/15/2029
344,843
 
DISH DBS Corp.
1,040,000
7.38%, due 7/1/2028
999,004
(c)
590,000
5.75%, due 12/1/2028
570,959
(a)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Media – cont'd
$340,000
5.13%, due 6/1/2029
$300,906
 
McGraw-Hill Education, Inc.
395,000
8.00%, due 8/1/2029
398,594
(a)
490,000
7.38%, due 9/1/2031
515,141
(a)
710,000
Midcontinent Communications, 8.00%, due 8/15/2032
683,140
(a)
 
11,662,521
Metal Fabricate - Hardware 0.1%
300,000
Advanced Drainage Systems, Inc., 6.38%, due 6/15/2030
306,730
(a)
Mining 3.6%
1,275,000
Capstone Copper Corp., 6.75%, due 3/31/2033
1,321,191
(a)(c)
745,000
Century Aluminum Co., 6.88%, due 8/1/2032
771,497
(a)
230,000
Constellium SE, 6.38%, due 8/15/2032
237,853
(a)
 
First Quantum Minerals Ltd.
605,000
8.00%, due 3/1/2033
649,202
(a)
510,000
7.25%, due 2/15/2034
535,805
(a)
615,000
Fortescue Treasury Pty. Ltd., 6.13%, due 4/15/2032
640,477
(a)
1,135,000
Kaiser Aluminum Corp., 5.88%, due 3/1/2034
1,143,437
(a)(c)
 
Novelis Corp.
970,000
4.75%, due 1/30/2030
940,250
(a)(c)
890,000
6.88%, due 1/30/2030
922,441
(a)(c)
985,000
Taseko Mines Ltd., 8.25%, due 5/1/2030
1,045,520
(a)(c)
 
8,207,673
Miscellaneous Manufacturer 1.8%
1,615,000
Amsted Industries, Inc., 6.38%, due 3/15/2033
1,671,430
(a)(c)
405,000
Avient Corp., 6.25%, due 11/1/2031
416,392
(a)
1,015,937
Calderys Financing II LLC, 11.75% Cash/12.50% PIK, due 6/1/2028
1,054,414
(a)(c)(e)
1,055,000
Enpro, Inc., 6.13%, due 6/1/2033
1,084,824
(a)(c)
 
4,227,060
Oil & Gas 7.4%
 
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
635,000
5.88%, due 6/30/2029
639,306
(a)
1,120,000
6.63%, due 10/15/2032
1,160,740
(a)(c)
960,000
BKV Upstream Midstream LLC, 7.50%, due 10/15/2030
972,230
(a)(c)
1,200,000
Caturus Energy LLC, 8.50%, due 2/15/2030
1,251,156
(a)(c)
332,000
Comstock Resources, Inc., 6.75%, due 3/1/2029
334,117
(a)
 
Crescent Energy Finance LLC
240,000
7.63%, due 4/1/2032
238,052
(a)
410,000
7.38%, due 1/15/2033
396,789
(a)
415,000
8.38%, due 1/15/2034
418,928
(a)
750,000
DBR Land Holdings LLC, 6.25%, due 12/1/2030
768,285
(a)
 
Hilcorp Energy I LP/Hilcorp Finance Co.
503,000
5.75%, due 2/1/2029
503,121
(a)
425,000
6.00%, due 4/15/2030
418,165
(a)
268,000
6.00%, due 2/1/2031
258,816
(a)
365,000
8.38%, due 11/1/2033
378,954
(a)
220,000
6.88%, due 5/15/2034
212,020
(a)
325,000
7.25%, due 2/15/2035
314,481
(a)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Oil & Gas – cont'd
 
Matador Resources Co.
$625,000
6.50%, due 4/15/2032
$636,405
(a)
185,000
6.25%, due 4/15/2033
186,452
(a)
640,000
Northern Oil & Gas, Inc., 7.88%, due 10/15/2033
646,156
(a)
 
Permian Resources Operating LLC
650,000
5.88%, due 7/1/2029
652,183
(a)
825,000
7.00%, due 1/15/2032
864,848
(a)
990,000
6.25%, due 2/1/2033
1,019,849
(a)(c)
 
SM Energy Co.
580,000
8.38%, due 7/1/2028
596,993
(a)
400,000
8.63%, due 11/1/2030
423,050
(a)
445,000
7.00%, due 8/1/2032
446,140
(a)
400,000
9.63%, due 6/15/2033
437,475
(a)
1,120,000
TGNR Intermediate Holdings LLC, 5.50%, due 10/15/2029
1,108,303
(a)(c)
 
Transocean International Ltd.
490,000
8.25%, due 5/15/2029
499,246
(a)
495,000
8.50%, due 5/15/2031
503,857
(a)
625,000
7.88%, due 10/15/2032
659,273
(a)
 
16,945,390
Oil & Gas Services 2.8%
765,000
Archrock Partners LP/Archrock Partners Finance Corp., 6.63%, due 9/1/2032
792,997
(a)
 
Kodiak Gas Services LLC
735,000
6.50%, due 10/1/2033
752,848
(a)
735,000
6.75%, due 10/1/2035
759,458
(a)
1,405,000
Star Holding LLC, 8.75%, due 8/1/2031
1,408,431
(a)(c)
 
USA Compression Partners LP/USA Compression Finance Corp.
1,050,000
7.13%, due 3/15/2029
1,087,190
(a)(c)
330,000
6.25%, due 10/1/2033
334,289
(a)
 
WBI Operating LLC
705,000
6.25%, due 10/15/2030
710,287
(a)
515,000
6.50%, due 10/15/2033
519,867
(a)
 
6,365,367
Packaging & Containers 3.8%
 
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
1,615,000
4.00%, due 9/1/2029
1,534,093
(a)(c)
485,000
6.25%, due 1/30/2031
498,420
(a)
 
Clydesdale Acquisition Holdings, Inc.
345,000
6.88%, due 1/15/2030
349,485
(a)
255,000
6.75%, due 4/15/2032
256,990
(a)
325,000
Graphic Packaging International LLC, 6.38%, due 7/15/2032
328,641
(a)
 
Mauser Packaging Solutions Holding Co.
960,000
7.88%, due 4/15/2030
978,000
(a)
1,925,000
9.25%, due 4/15/2030
1,893,629
(a)(c)
310,000
Sealed Air Corp., 6.50%, due 7/15/2032
321,825
(a)(c)
320,000
Sealed Air Corp./Sealed Air Corp. U.S., 7.25%, due 2/15/2031
333,209
(a)
855,000
Trident TPI Holdings, Inc., 12.75%, due 12/31/2028
856,162
(a)(c)
 
Trivium Packaging Finance BV
558,000
8.25%, due 7/15/2030
595,427
(a)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Packaging & Containers – cont'd
$615,000
12.25%, due 1/15/2031
$672,939
(a)
 
8,618,820
Pharmaceuticals 2.2%
2,354,000
1261229 BC Ltd., 10.00%, due 4/15/2032
2,415,809
(a)(c)
355,000
AdaptHealth LLC, 6.13%, due 8/1/2028
356,297
(a)
70,000
Bausch Health Americas, Inc., 8.50%, due 1/31/2027
69,413
(a)
 
Bausch Health Cos., Inc.
550,000
5.00%, due 1/30/2028
470,825
(a)
289,000
4.88%, due 6/1/2028
267,321
(a)
75,000
11.00%, due 9/30/2028
77,968
(a)
360,000
5.00%, due 2/15/2029
274,500
(a)
165,000
5.25%, due 1/30/2030
117,356
(a)
810,000
Grifols SA, 4.75%, due 10/15/2028
798,003
(a)
 
Organon & Co./Organon Foreign Debt Co-Issuer BV
115,000
6.75%, due 5/15/2034
112,376
(a)
110,000
7.88%, due 5/15/2034
103,404
(a)
 
5,063,272
Pipelines 10.2%
1,415,000
Antero Midstream Partners LP/Antero Midstream Finance Corp., 6.63%, due 2/1/2032
1,469,905
(a)(c)
830,000
CQP Holdco LP/BIP-V Chinook Holdco LLC, 7.50%, due 12/15/2033
892,240
(a)
 
Energy Transfer LP
185,000
8.00%, due 5/15/2054
197,689
(g)
100,000
7.13%, due 10/1/2054
103,335
(g)
455,000
6.50%, due 2/15/2056
455,022
(g)
350,000
6.75%, due 2/15/2056
352,495
(g)
1,315,000
Excelerate Energy LP, 8.00%, due 5/15/2030
1,406,236
(a)(c)
 
Genesis Energy LP/Genesis Energy Finance Corp.
895,000
8.25%, due 1/15/2029
933,016
608,000
7.88%, due 5/15/2032
634,456
600,000
8.00%, due 5/15/2033
626,197
485,000
Global Partners LP/GLP Finance Corp., 7.13%, due 7/1/2033
496,789
(a)
1,100,000
Golar LNG Ltd., 7.50%, due 10/2/2030
1,100,938
(a)(c)
 
Harvest Midstream I LP
1,190,000
7.50%, due 9/1/2028
1,206,354
(a)(c)
145,000
7.50%, due 5/15/2032
151,453
(a)
 
Howard Midstream Energy Partners LLC
1,320,000
7.38%, due 7/15/2032
1,394,323
(a)(c)
365,000
6.63%, due 1/15/2034
374,636
(a)
 
NGL Energy Operating LLC/NGL Energy Finance Corp.
1,120,000
8.13%, due 2/15/2029
1,162,257
(a)(c)
195,000
8.38%, due 2/15/2032
204,098
(a)
 
Rockies Express Pipeline LLC
865,000
6.75%, due 3/15/2033
912,393
(a)(c)
270,000
7.50%, due 7/15/2038
295,553
(a)
455,000
6.88%, due 4/15/2040
465,795
(a)
 
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
450,000
7.38%, due 2/15/2029
466,502
(a)
220,000
6.00%, due 12/31/2030
223,251
(a)
215,000
6.00%, due 9/1/2031
216,358
(a)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Pipelines – cont'd
$565,000
6.75%, due 3/15/2034
$575,007
(a)
570,000
TransMontaigne Partners LLC, 8.50%, due 6/15/2030
591,329
(a)
 
Venture Global LNG, Inc.
665,000
8.13%, due 6/1/2028
680,759
(a)
775,000
9.50%, due 2/1/2029
825,274
(a)
605,000
7.00%, due 1/15/2030
608,749
(a)
820,000
8.38%, due 6/1/2031
838,708
(a)
540,000
9.88%, due 2/1/2032
570,940
(a)
 
Venture Global Plaquemines LNG LLC
580,000
6.13%, due 12/15/2030
596,995
(a)
452,000
7.50%, due 5/1/2033
495,558
(a)
475,000
6.50%, due 1/15/2034
492,954
(a)
365,000
6.50%, due 6/15/2034
378,005
(a)
453,000
7.75%, due 5/1/2035
505,142
(a)
475,000
6.75%, due 1/15/2036
497,923
(a)
 
23,398,634
Real Estate Investment Trusts 3.6%
1,325,000
Blackstone Mortgage Trust, Inc., 7.75%, due 12/1/2029
1,420,294
(a)(c)
 
Brandywine Operating Partnership LP
660,000
8.88%, due 4/12/2029
709,126
90,000
6.13%, due 1/15/2031
87,200
595,000
EF Holdco/EF Cayman Holdings/Ellington Fin REIT Cayman/TRS/EF Cayman Non-MTM, 7.38%, due
9/30/2030
601,361
(a)
690,000
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, 7.00%, due
2/1/2030
710,886
(a)
645,000
Pebblebrook Hotel LP/PEB Finance Corp., 6.38%, due 10/15/2029
659,418
(a)
635,000
RHP Hotel Properties LP/RHP Finance Corp., 6.50%, due 6/15/2033
658,236
(a)
1,290,000
RLJ Lodging Trust LP, 4.00%, due 9/15/2029
1,224,158
(a)(c)
 
Starwood Property Trust, Inc.
1,140,000
6.50%, due 7/1/2030
1,187,156
(a)(c)
580,000
6.50%, due 10/15/2030
604,035
(a)
445,000
XHR LP, 4.88%, due 6/1/2029
438,677
(a)
 
8,300,547
Retail 4.3%
1,510,000
Cougar JV Subsidiary LLC, 8.00%, due 5/15/2032
1,613,612
(a)(c)
340,000
Group 1 Automotive, Inc., 4.00%, due 8/15/2028
332,494
(a)
865,000
LCM Investments Holdings II LLC, 8.25%, due 8/1/2031
911,240
(a)(c)
285,000
Macy's Retail Holdings LLC, 7.38%, due 8/1/2033
300,952
(a)
 
Michaels Cos., Inc.
395,000
5.25%, due 5/1/2028
390,692
(a)
515,000
7.88%, due 5/1/2029
501,769
(a)
 
Nordstrom, Inc.
170,000
4.38%, due 4/1/2030
162,298
395,000
4.25%, due 8/1/2031
365,317
745,000
Petco Health & Wellness Co., Inc., 8.25%, due 2/1/2031
746,951
(a)(d)
 
PetSmart LLC/PetSmart Finance Corp.
965,000
7.50%, due 9/15/2032
989,570
(a)(c)
440,000
10.00%, due 9/15/2033
457,846
(a)
1,625,000
QXO Building Products, Inc., 6.75%, due 4/30/2032
1,674,530
(a)(c)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Retail – cont'd
$490,000
Staples, Inc., 10.75%, due 9/1/2029
$481,490
(a)
1,000,000
White Cap Supply Holdings LLC, 7.38%, due 11/15/2030
1,038,683
(a)(c)
 
9,967,444
Semiconductors 0.5%
1,200,000
Amkor Technology, Inc., 5.88%, due 10/1/2033
1,222,925
(a)(c)
Software 2.6%
635,000
AthenaHealth Group, Inc., 6.50%, due 2/15/2030
615,851
(a)
1,155,000
Capstone Borrower, Inc., 8.00%, due 6/15/2030
1,073,807
(a)(c)
 
Cloud Software Group, Inc.
1,150,000
6.50%, due 3/31/2029
1,142,833
(a)(c)
590,000
9.00%, due 9/30/2029
595,765
(a)
305,000
8.25%, due 6/30/2032
310,210
(a)
510,000
CoreWeave, Inc., 9.00%, due 2/1/2031
495,852
(a)
470,000
Ellucian Holdings, Inc., 6.50%, due 12/1/2029
462,505
(a)
710,000
Fair Isaac Corp., 6.00%, due 5/15/2033
723,444
(a)
610,000
UKG, Inc., 6.88%, due 2/1/2031
609,508
(a)
 
6,029,775
Telecommunications 6.9%
 
Altice France SA
800,306
9.50%, due 11/1/2029
821,336
(a)
251,250
6.88%, due 10/15/2030
247,007
(a)
120,000
6.50%, due 10/15/2031
116,979
(a)
220,000
6.50%, due 4/15/2032
214,876
(a)
638,750
6.88%, due 7/15/2032
623,767
(a)
 
Bell Telephone Co. of Canada or Bell Canada
675,000
6.88%, due 9/15/2055
699,346
(g)
640,000
7.00%, due 9/15/2055
671,251
(g)
570,000
Cipher Compute LLC, 7.13%, due 11/15/2030
587,334
(a)
 
EchoStar Corp.
1,275,000
10.75%, due 11/30/2029
1,397,680
(c)
340,756
6.75% Cash/6.75% PIK, due 11/30/2030
346,800
(e)
 
Fibercop SpA
705,000
6.38%, due 11/15/2033
713,996
(a)
485,000
6.00%, due 9/30/2034
470,980
(a)
610,000
7.20%, due 7/18/2036
617,210
(a)
395,000
Iliad Holding SAS, 7.00%, due 4/15/2032
404,859
(a)
 
Level 3 Financing, Inc.
225,000
3.75%, due 7/15/2029
207,563
(a)
260,000
6.88%, due 6/30/2033
267,928
(a)
1,230,000
7.00%, due 3/31/2034
1,274,040
(a)(c)
580,000
8.50%, due 1/15/2036
593,766
(a)
405,000
Lumen Technologies, Inc., 4.50%, due 1/15/2029
379,791
(a)
 
Rogers Communications, Inc.
600,000
7.00%, due 4/15/2055
622,363
(g)
695,000
7.13%, due 4/15/2055
728,810
(g)
 
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC
870,000
6.50%, due 2/15/2029
846,149
(a)(c)
60,000
8.63%, due 6/15/2032
60,450
(a)(d)
515,000
Uniti Services LLC, 7.50%, due 10/15/2033
531,713
(a)
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Telecommunications – cont'd
$540,000
Vmed O2 U.K. Financing I PLC, 4.75%, due 7/15/2031
$493,429
(a)
975,000
Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, due 10/1/2031
1,021,337
(a)(c)
824,568
Zayo Group Holdings, Inc., 9.25%, due 3/9/2030
805,154
(a)
 
15,765,914
Transportation 0.8%
1,745,000
XPO, Inc., 7.13%, due 2/1/2032
1,834,429
(a)(c)
Trucking & Leasing 0.5%
 
FTAI Aviation Investors LLC
210,000
7.88%, due 12/1/2030
222,664
(a)
850,000
7.00%, due 5/1/2031
894,343
(a)(c)
 
1,117,007
Total Corporate Bonds (Cost $305,167,685)
310,439,324
Loan Assignments(b) 1.7%
Commercial Services & Supplies 0.2%
613,140
Crash Champions LLC, Term Loan B, (3 mo. USD Term SOFR + 4.75%), 8.57%, due 2/23/2029
569,583
Health Care Providers & Services 0.9%
693,263
Aveanna Healthcare LLC, Term Loan B, (1 mo. USD Term SOFR + 3.75%), 7.42%, due 9/17/2032
692,007
341,296
National Mentor Holdings, Inc., First Lien Term Loan B, (1 mo. USD Term SOFR + 6.00%), 9.67%, due
12/12/2030
340,965
918,732
Star Parent, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 7.67%, due 9/27/2030
918,898
 
1,951,870
Hotels, Restaurants & Leisure 0.3%
615,000
Catawba Nation Gaming Authority, Term Loan B, (3 mo. USD Term SOFR + 4.75%), 8.42%, due
3/29/2032
626,685
IT Services 0.2%
447,113
Rackspace Finance LLC, First Lien Term Loan, (1 mo. USD Term SOFR + 6.25%), 10.04%, due
5/15/2028
440,827
Machinery 0.1%
307,604
Engineered Machinery Holdings, Inc., Second Lien Term Loan, (3 mo. USD Term SOFR + 6.00%),
9.93%, due 5/21/2029
309,142
(k)
Total Loan Assignments (Cost $3,863,799)
3,898,107
Number of Shares
Common Stocks 0.1%
Diversified Telecommunication Services 0.1%
8,466
Luxco Co. Ltd. (Cost $177,959)
159,338
*
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Number of Shares
Value
Short-Term Investments 2.2%
Investment Companies 2.2%
4,939,646
State Street Institutional U.S. Government Money Market Fund Premier Class, 3.65%(l)
(Cost $4,939,646)
$4,939,646
Total Investments 142.4% (Cost $320,891,589)
326,210,808
Liabilities Less Other Assets (24.9)%
(57,117,798
)
Liquidation Preference of Mandatory Redeemable Preferred Shares (net of unamortized deferred issuance cost of
$15,328) (17.5)%
(39,984,672
)(m)
Net Assets Applicable to Common Stockholders 100.0%
$229,108,338
*
Non-income producing security.
(a)
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise
restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only
be sold to qualified institutional investors or may have other restrictions on resale. At January 31, 2026,
these securities amounted to $294,339,735, which represents 128.5% of net assets applicable to common
stockholders of the Fund.
(b)
Variable or floating rate security. The interest rate shown was the current rate as of January 31, 2026 and
changes periodically.
(c)
All or a portion of this security is pledged with the custodian in connection with the Fund's loans payable
outstanding.
(d)
When-issued security. Total value of all such securities at January 31, 2026 amounted to $3,681,139, which
represents 1.6% of net assets applicable to common stockholders of the Fund.
(e)
Payment-in-kind (PIK) security.
(f)
Step Bond. Coupon rate is a fixed rate for an initial period that either resets at a specific date or may reset in
the future contingent upon a predetermined trigger. The interest rate shown was the current rate as of
January 31, 2026.
(g)
Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate shown is the
rate in effect as of period end.
(h)
Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by
the issuer. The date shown reflects the next call date.
(i)
All or a portion of this security was purchased on a delayed delivery basis.
(j)
Security fair valued as of January 31, 2026 in accordance with procedures approved by the valuation
designee. Total value of all such securities at January 31, 2026 amounted to $535,000, which represents
0.2% of net assets applicable to common stockholders of the Fund.
(k)
Value determined using significant unobservable inputs.
(l)
Represents 7-day effective yield as of January 31, 2026.
(m)
Fair valued as of January 31, 2026 in accordance with procedures approved by the valuation designee.
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
POSITIONS BY COUNTRY
Country
Investments at
Value
Percentage of Net
Assets Applicable
to Common
Stockholders
United States
$276,954,297
120.9%
Canada
14,300,268
6.2%
Cayman Islands
5,682,948
2.5%
France
3,675,023
1.6%
Germany
3,119,764
1.3%
Australia
2,563,726
1.1%
United Kingdom
2,254,049
1.0%
Jersey
2,002,360
0.9%
Italy
1,802,186
0.8%
Luxembourg
1,749,772
0.8%
Japan
1,291,168
0.6%
Netherlands
1,268,366
0.5%
Zambia
1,185,007
0.5%
Cameroon, Republic of
1,100,938
0.5%
Finland
889,850
0.4%
Spain
798,003
0.3%
Denmark
633,437
0.3%
Liquidation Preference of Mandatory Redeemable Preferred Shares (net of
unamortized deferred issuance cost of $15,328)
(39,984,672)
(17.5)%
Short-Term Investments and Other Liabilities—Net
(52,178,152)
(22.7)%
 
$229,108,338
100.0%
See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund’s investments as of January 31, 2026:
Asset Valuation Inputs
Level 1
Level 2
Level 3(a)
Total
Investments:
 
 
 
 
Asset-Backed Securities#
$
$6,774,393
$
$6,774,393
Corporate Bonds#
310,439,324
310,439,324
Loan Assignments
Machinery
309,142
309,142
Other Loan Assignments#
3,588,965
3,588,965
Total Loan Assignments
3,588,965
309,142
3,898,107
Common Stocks#
159,338
159,338
Short-Term Investments
4,939,646
4,939,646
Total Investments
$
$325,901,666
$309,142
$326,210,808
#
The Schedule of Investments provides information on the industry or sector categorization as well as a
Positions by Country summary.
(a)
The following is a reconciliation between the beginning and ending balances of investments in which
significant unobservable inputs (Level 3) were used in determining value:
(000's
omitted)
Beginning
balance as
of 11/1/2025
Accrued
discounts/
(premiums)
Realized
gain/(loss)
Change
in unrealized
appreciation/
(depreciation)
Purchases
Sales/
Other
Reductions
Transfers
into
Level 3
Transfers
out of
Level 3
Balance
as of
1/31/2026
Net change in
unrealized
appreciation/
(depreciation)
from
investments
still held as of
1/31/2026
Investments in
Securities:
 
 
 
 
 
 
 
 
 
 
Loan
Assignments(1)(2)
$
$
$
$1
$
$
$308
$
$309
$1
Total
$
$
$
$1
$
$
$308
$
$309
$1
(1) Transfers into Level 3 were attributable to observable market data becoming unobservable for those
securities. Transfers in or out of Level 3 represent the beginning value of any security where a change
in the pricing level occurred from the beginning to the end of the period.
(2) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a dealer.
The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund’s Mandatory Redeemable Preferred Shares as of January 31, 2026:
Liability Valuation Inputs
Level 1
Level 2
Level 3
Total
Other Financial Instruments:
 
 
 
 
Mandatory Redeemable Preferred Shares(a)
$
$(40,000,000
)
$
$(40,000,000
)
Total Other Financial Instruments
$
$(40,000,000
)
$
$(40,000,000
)
(a)
The Fund may hold liabilities in which the fair value approximates the carrying amount for financial
statement purposes.
^A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.
See Notes to Schedule of Investments

January 31, 2026
Notes to Schedule of Investments High Yield Strategies Fund Inc. (Unaudited)
In accordance with Accounting Standards Codification 820 “Fair Value Measurement” (“ASC 820”), all investments held by Neuberger High Yield Strategies Fund Inc. (the “Fund”) are carried at the value that Management believes the Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Fund's investments, some of which are discussed below. At times, Management may need to apply significant judgment to value investments in accordance with ASC 820.
ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.
Level 1 – unadjusted quoted prices in active markets for identical investments
Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
Level 3 – unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.
The value of the Fund’s investments in common stocks, for which market quotations are readily available, is generally determined by Management by obtaining valuations from independent pricing services based on the latest sale price quoted on a principal exchange or market for that security (Level 1 inputs). Securities traded primarily on the NASDAQ Stock Market are normally valued at the NASDAQ Official Closing Price ("NOCP") provided by NASDAQ each business day. The NOCP is the most recently reported price as of 4:00:02 p.m., Eastern Time, unless that price is outside the range of the "inside" bid and asked prices (i.e.,the bid and asked prices that dealers quote to each other when trading for their own accounts); in that case, NASDAQ will adjust the price to equal the inside bid or asked price, whichever is closer. Because of delays in reporting trades, the NOCP may not be based on the price of the last trade to occur before the market closes. If there is no sale of a security on a particular day, the independent pricing services may value the security based on market quotations.
The value of the Fund's investments in debt securities is determined by Management primarily by obtaining valuations from independent pricing services based on bid quotations, or if quotations are not available, by methods that include various considerations based on security type (generally Level 2 inputs). In addition to the consideration of yields or prices of securities of comparable quality, coupon, maturity and type, indications as to values from dealers, and general market conditions, the following is a description of other Level 2 inputs and related valuation techniques used by independent pricing services to value certain types of debt securities held by the Fund:
Corporate Bonds. Inputs used to value corporate debt securities generally include relevant credit information, observed market movements, sector news, U.S. Treasury yield curve or relevant benchmark curve, and other market information, which may include benchmark yield curves, reported trades, broker-dealer quotes, issuer spreads, comparable securities, and reference data, such as market research publications, when available (“Other Market Information”).
Collateralized Loan Obligations (CLOs). The value of collateralized loan obligations is primarily determined by cash flow data, relevant loan pricing data and market color, and research from market participants and trading desks (Level 2 or 3 inputs).
Asset-Backed Securities. Inputs used to value asset-backed securities generally include models that consider a number of factors, which may include the following: prepayment speeds, cash flows, spread adjustments and Other Market Information.
For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.

Notes to Schedule of Investments High Yield Strategies Fund Inc. (Unaudited)  (cont’d)
High Yield Securities. Inputs used to value high yield securities generally include a number of observations of equity and credit default swap curves related to the issuer and Other Market Information.
The value of loan assignments is determined by Management primarily by obtaining valuations from independent pricing services based on broker quotes (generally Level 2 or Level 3 inputs depending on the number of quotes available).
The value of the Fund's Mandatory Redeemable Preferred Shares is estimated to be their liquidation preference (Level 2 inputs).
Management has developed a process to periodically review information provided by independent pricing services for all types of securities.
Investments in non-exchange traded investment companies are valued using the respective fund's daily calculated net asset value per share (Level 2 inputs), when available.
If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount the Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not available, the security is valued using methods Management has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Directors designated Management as the Fund's valuation designee. As the Fund's valuation designee, Management is responsible for determining fair value in good faith for all Fund investments. Inputs and assumptions considered in determining fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of security; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers or pricing services; information obtained from the issuer and analysts; an analysis of the company's or issuer's financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold.
Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or traded.
For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.

Notes to Schedule of Investments High Yield Strategies Fund Inc. (Unaudited) (cont'd)
Legend
Reference Rate Benchmarks:
SOFR
= Secured Overnight Financing Rate
Currency Abbreviations:
USD
= United States Dollar
For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.