NPORT-EX 2 c10605bnymellonhig-june20201.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon High Yield Strategies Fund

June 30, 2020 (Unaudited)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

a

Value ($)

 

Bonds and Notes - 131.1%

     

Advertising - 1.0%

     

Terrier Media Buyer, Gtd. Notes

 

8.88

 

12/15/2027

 

2,248,000

b

2,160,890

 

Aerospace & Defense - 3.0%

     

Bombardier, Sr. Unscd. Notes

 

6.13

 

1/15/2023

 

785,000

b,c

540,708

 

Bombardier, Sr. Unscd. Notes

 

7.50

 

3/15/2025

 

2,105,000

b,c

1,380,301

 

Signature Aviation US Holdings, Gtd. Notes

 

4.00

 

3/1/2028

 

645,000

b

584,009

 

TransDigm, Gtd. Notes

 

6.50

 

5/15/2025

 

510,000

c

478,224

 

TransDigm, Sr. Scd. Notes

 

6.25

 

3/15/2026

 

1,685,000

b,c

1,686,853

 

TransDigm, Sr. Scd. Notes

 

8.00

 

12/15/2025

 

310,000

b,c

327,163

 

TransDigm UK Holdings, Gtd. Notes

 

6.88

 

5/15/2026

 

1,440,000

 

1,344,326

 
 

6,341,584

 

Airlines - .6%

     

American Airlines, Sr. Scd. Notes

 

11.75

 

7/15/2025

 

825,000

b

777,389

 

Delta Air Lines, Sr. Scd. Notes

 

7.00

 

5/1/2025

 

410,000

b

423,661

 
 

1,201,050

 

Automobiles & Components - 5.7%

     

American Axle & Manufacturing, Gtd. Notes

 

6.25

 

4/1/2025

 

1,110,000

c

1,093,023

 

Clarios Global, Gtd. Notes

 

8.50

 

5/15/2027

 

2,905,000

b

2,926,715

 

Clarios Global, Sr. Scd. Notes

 

6.25

 

5/15/2026

 

835,000

b,c

864,784

 

Dealer Tire, Sr. Unscd. Notes

 

8.00

 

2/1/2028

 

1,295,000

b

1,202,731

 

Ford Motor, Sr. Unscd. Notes

 

8.50

 

4/21/2023

 

1,055,000

 

1,117,641

 

Ford Motor, Sr. Unscd. Notes

 

9.00

 

4/22/2025

 

1,030,000

 

1,115,619

 

Ford Motor Credit, Sr. Unscd. Notes

 

4.06

 

11/1/2024

 

200,000

 

191,105

 

Ford Motor Credit, Sr. Unscd. Notes

 

4.27

 

1/9/2027

 

200,000

 

187,691

 

Ford Motor Credit, Sr. Unscd. Notes

GBP

4.54

 

3/6/2025

 

585,000

 

689,898

 

Ford Motor Credit, Sr. Unscd. Notes

 

4.54

 

8/1/2026

 

250,000

 

239,688

 

Ford Motor Credit, Sr. Unscd. Notes

 

5.11

 

5/3/2029

 

1,620,000

 

1,586,733

 

Ford Motor Credit, Sr. Unscd. Notes

 

5.13

 

6/16/2025

 

445,000

 

447,127

 

Ford Motor Credit, Sr. Unscd. Notes

 

5.58

 

3/18/2024

 

580,000

 

586,824

 
 

12,249,579

 

Banks - .3%

     

Citigroup, Jr. Sub. Bonds

 

5.95

 

1/30/2023

 

560,000

 

556,480

 

Building Materials - 1.7%

     

Cornerstone Building Brands, Gtd. Notes

 

8.00

 

4/15/2026

 

2,490,000

b

2,516,531

 

Griffon, Gtd. Notes

 

5.75

 

3/1/2028

 

1,215,000

c

1,202,850

 
 

3,719,381

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

a

Value ($)

 

Bonds and Notes - 131.1% (continued)

     

Chemicals - 4.7%

     

Consolidated Energy Finance, Gtd. Notes

 

6.50

 

5/15/2026

 

230,000

b,c

196,319

 

Consolidated Energy Finance, Sr. Unscd. Notes

 

6.88

 

6/15/2025

 

1,530,000

b

1,305,266

 

CVR Partners, Scd. Notes

 

9.25

 

6/15/2023

 

2,320,000

b

2,279,644

 

Innophos Holdings, Sr. Unscd. Notes

 

9.38

 

2/15/2028

 

1,995,000

b,c

1,961,334

 

Kraton Polymers, Gtd. Notes

 

7.00

 

4/15/2025

 

335,000

b,c

337,851

 

Tronox, Sr. Scd. Notes

 

6.50

 

5/1/2025

 

622,000

b,c

626,276

 

Venator Finance, Gtd. Notes

 

5.75

 

7/15/2025

 

1,670,000

b,c

1,192,823

 

Venator Finance, Sr. Scd. Notes

 

9.50

 

7/1/2025

 

2,120,000

b

2,162,400

 
 

10,061,913

 

Collateralized Loan Obligations Debt - 4.5%

     

Battalion VII CLO, Ser. 2014-7A, Cl. DRR, 3 Month LIBOR +6.31%

 

7.44

 

7/17/2028

 

375,000

b,d

340,511

 

Chenango Park CLO, Ser. 2018-1A, Cl. D, 3 Month LIBOR +5.80%

 

7.02

 

4/15/2030

 

1,000,000

b,d

873,911

 

CIFC Funding CLO, Ser. 2018-1A, Cl. E, 3 Month LIBOR +5.00%

 

6.14

 

4/18/2031

 

2,000,000

b,d

1,682,992

 

Crown Point 8 CLO, Ser. 2019-8A, Cl. E, 3 Month LIBOR +7.10%

 

8.24

 

10/20/2032

 

2,000,000

b,d

1,882,786

 

Octagon Investment Partners 33 CLO, Ser. 2017-1A, Cl. D, 3 Month LIBOR +6.30%

 

7.44

 

1/20/2031

 

1,525,000

b,d

1,335,367

 

Octagon Investment Partners 39 CLO, Ser. 2018-3A, Cl. E, 3 Month LIBOR +5.75%

 

6.89

 

10/20/2030

 

2,000,000

b,d

1,766,362

 

OZLM VI CLO, Ser. 2014-6A, Cl. DS, 3 Month LIBOR +6.05%

 

7.18

 

4/17/2031

 

2,000,000

b,d

1,495,354

 

Rockford Tower CLO, Ser. 2018-1A, Cl. E, 3 Month LIBOR +5.85%

 

6.23

 

5/20/2031

 

375,000

b,d

311,372

 
 

9,688,655

 

Commercial & Professional Services - 4.3%

     

Ahern Rentals, Scd. Notes

 

7.38

 

5/15/2023

 

730,000

b

353,061

 

APX Group, Sr. Scd. Notes

 

6.75

 

2/15/2027

 

1,170,000

b,c

1,095,962

 

La Financiere Atalian, Gtd. Bonds

EUR

5.13

 

5/15/2025

 

1,160,000

 

985,644

 

MPH Acquisition Holdings, Gtd. Notes

 

7.13

 

6/1/2024

 

1,930,000

b

1,802,109

 

Prime Security Services Borrower, Scd. Notes

 

6.25

 

1/15/2028

 

1,235,000

b

1,166,692

 

Verisure Midholding, Gtd. Bonds

EUR

5.75

 

12/1/2023

 

420,000

b

474,649

 

Verscend Escrow, Sr. Unscd. Notes

 

9.75

 

8/15/2026

 

2,035,000

b

2,198,461

 

WW International, Gtd. Notes

 

8.63

 

12/1/2025

 

1,220,000

b,c

1,260,412

 
 

9,336,990

 

Consumer Discretionary - 9.1%

     

Allen Media, Gtd. Notes

 

10.50

 

2/15/2028

 

1,650,000

b,c

1,514,692

 

Ashton Woods USA, Sr. Unscd. Notes

 

6.63

 

1/15/2028

 

1,335,000

b

1,314,975

 

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

a

Value ($)

 

Bonds and Notes - 131.1% (continued)

     

Consumer Discretionary - 9.1% (continued)

     

Banijay Entertainment, Sr. Scd. Notes

 

5.38

 

3/1/2025

 

1,180,000

b,c

1,157,138

 

Boyd Gaming, Gtd. Notes

 

6.38

 

4/1/2026

 

235,000

c

223,694

 

Boyd Gaming, Sr. Unscd. Notes

 

8.63

 

6/1/2025

 

274,000

b

286,844

 

Colt Merger Sub, Sr. Scd. Notes

 

5.75

 

7/1/2025

 

305,000

b

307,288

 

Colt Merger Sub, Sr. Scd. Notes

 

6.25

 

7/1/2025

 

1,750,000

b

1,740,725

 

Colt Merger Sub, Sr. Unscd. Notes

 

8.13

 

7/1/2027

 

960,000

b

936,000

 

Core & Main, Sr. Unscd. Notes

 

6.13

 

8/15/2025

 

891,000

b

890,791

 

Core & Main Holdings, Sr. Unscd. Notes

 

8.63

 

9/15/2024

 

2,480,000

b

2,491,458

 

Eldorado Resorts, Gtd. Notes

 

7.00

 

8/1/2023

 

725,000

c

747,732

 

International Game Technology, Sr. Scd. Notes

 

5.25

 

1/15/2029

 

660,000

b

645,150

 

Lions Gate Capital Holdings, Gtd. Notes

 

6.38

 

2/1/2024

 

1,492,000

b

1,459,348

 

Picasso Finance Sub, Sr. Scd. Notes

 

6.13

 

6/15/2025

 

173,000

b

176,676

 

Scientific Games International, Gtd. Notes

 

8.25

 

3/15/2026

 

1,540,000

b

1,369,376

 

Scientific Games International, Sr. Scd. Notes

 

5.00

 

10/15/2025

 

490,000

b,c

454,122

 

Station Casinos, Gtd. Notes

 

4.50

 

2/15/2028

 

332,000

b,c

279,918

 

Taylor Morrison Communities, Gtd. Notes

 

5.88

 

1/31/2025

 

2,270,000

b,c

2,314,696

 

Taylor Morrison Communities, Gtd. Notes

 

5.88

 

6/15/2027

 

545,000

b,c

565,721

 

TRI Pointe Group, Gtd. Notes

 

5.70

 

6/15/2028

 

210,000

c

214,200

 

Williams Scotsman International, Sr. Scd. Notes

 

6.88

 

8/15/2023

 

245,000

b,c

252,376

 

Winnebago Industries, Sr. Scd. Notes

 

6.25

 

7/15/2028

 

165,000

 

165,000

 
 

19,507,920

 

Diversified Financials - 6.8%

     

Compass Group Diversified Holdings, Sr. Unscd. Notes

 

8.00

 

5/1/2026

 

610,000

b

622,499

 

FS Energy & Power Fund, Sr. Scd. Notes

 

7.50

 

8/15/2023

 

2,340,000

b,c

2,000,946

 

Garfunkelux Holdco 3, Sr. Scd. Notes

GBP

8.50

 

11/1/2022

 

955,000

 

1,118,079

 

Icahn Enterprises, Gtd. Notes

 

6.25

 

5/15/2026

 

2,015,000

c

2,022,496

 

Jerrold Finco, Sr. Scd. Bonds

GBP

4.88

 

1/15/2026

 

750,000

b

855,258

 

Nationstar Mortgage Holdings, Gtd. Notes

 

6.00

 

1/15/2027

 

1,775,000

b,c

1,689,303

 

Nationstar Mortgage Holdings, Gtd. Notes

 

8.13

 

7/15/2023

 

2,260,000

b

2,325,099

 

Navient, Sr. Unscd. Notes

 

5.50

 

1/25/2023

 

605,000

c

581,934

 

Navient, Sr. Unscd. Notes

 

5.88

 

10/25/2024

 

915,000

 

862,383

 

Navient, Sr. Unscd. Notes

 

7.25

 

9/25/2023

 

855,000

c

838,332

 

Navient, Sr. Unscd. Notes

 

7.25

 

1/25/2022

 

1,025,000

 

1,029,843

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

a

Value ($)

 

Bonds and Notes - 131.1% (continued)

     

Diversified Financials - 6.8% (continued)

     

Quicken Loans, Gtd. Notes

 

5.75

 

5/1/2025

 

670,000

b,c

686,680

 
 

14,632,852

 

Electronic Components - 2.9%

     

Energizer Holdings, Gtd. Notes

 

6.38

 

7/15/2026

 

1,246,000

b

1,291,442

 

Energizer Holdings, Gtd. Notes

 

7.75

 

1/15/2027

 

1,649,000

b

1,762,097

 

TTM Technologies, Gtd. Notes

 

5.63

 

10/1/2025

 

920,000

b

915,883

 

Wesco Distribution, Gtd. Notes

 

7.13

 

6/15/2025

 

780,000

b

824,616

 

Wesco Distribution, Gtd. Notes

 

7.25

 

6/15/2028

 

1,400,000

b,c

1,479,898

 
 

6,273,936

 

Energy - 16.4%

     

Antero Midstream Partners, Gtd. Notes

 

5.75

 

3/1/2027

 

345,000

b,c

273,638

 

Apache, Sr. Unscd. Notes

 

4.38

 

10/15/2028

 

671,000

 

592,818

 

Apache, Sr. Unscd. Notes

 

5.10

 

9/1/2040

 

893,000

c

734,722

 

Apache, Sr. Unscd. Notes

 

5.35

 

7/1/2049

 

220,000

c

175,720

 

Blue Racer Midstream, Sr. Unscd. Notes

 

6.63

 

7/15/2026

 

1,620,000

b,c

1,447,567

 

Continental Resources, Gtd. Notes

 

4.50

 

4/15/2023

 

700,000

 

669,935

 

Crestwood Midstream Partners, Gtd. Notes

 

5.63

 

5/1/2027

 

2,060,000

b

1,723,901

 

Crestwood Midstream Partners, Gtd. Notes

 

6.25

 

4/1/2023

 

510,000

 

455,229

 

CrownRock, Sr. Unscd. Notes

 

5.63

 

10/15/2025

 

1,580,000

b

1,420,997

 

CVR Energy, Gtd. Bonds

 

5.75

 

2/15/2028

 

1,695,000

b

1,487,362

 

DCP Midstream Operating, Gtd. Notes

 

5.38

 

7/15/2025

 

1,670,000

c

1,662,677

 

Enviva Partners, Gtd. Notes

 

6.50

 

1/15/2026

 

1,845,000

b

1,922,259

 

EQM Midstream Partners, Sr. Unscd. Notes

 

4.75

 

7/15/2023

 

455,000

c

459,778

 

EQM Midstream Partners, Sr. Unscd. Notes

 

5.50

 

7/15/2028

 

510,000

 

486,912

 

EQM Midstream Partners, Sr. Unscd. Notes

 

6.00

 

7/1/2025

 

485,000

b

491,063

 

EQM Midstream Partners, Sr. Unscd. Notes

 

6.50

 

7/1/2027

 

605,000

b,c

621,232

 

EQT, Sr. Unscd. Notes

 

6.13

 

2/1/2025

 

910,000

c

908,417

 

Genesis Energy, Gtd. Notes

 

6.00

 

5/15/2023

 

520,000

 

469,895

 

Genesis Energy, Gtd. Notes

 

6.50

 

10/1/2025

 

2,745,000

c

2,355,526

 

Genesis Energy, Gtd. Notes

 

7.75

 

2/1/2028

 

785,000

 

699,388

 

Laredo Petroleum, Gtd. Notes

 

9.50

 

1/15/2025

 

545,000

 

377,244

 

Laredo Petroleum, Gtd. Notes

 

10.13

 

1/15/2028

 

125,000

c

86,563

 

Matador Resources, Gtd. Notes

 

5.88

 

9/15/2026

 

880,000

c

653,286

 

Occidental Petroleum, Sr. Unscd. Notes

 

6.45

 

9/15/2036

 

800,000

 

688,864

 

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

a

Value ($)

 

Bonds and Notes - 131.1% (continued)

     

Energy - 16.4% (continued)

     

Occidental Petroleum, Sr. Unscd. Notes

 

6.95

 

7/1/2024

 

610,000

 

600,850

 

Occidental Petroleum, Sr. Unscd. Notes

 

7.50

 

5/1/2031

 

1,410,000

 

1,317,060

 

Occidental Petroleum, Sr. Unscd. Notes

 

8.88

 

7/15/2030

 

2,255,000

 

2,257,819

 

PBF Holding, Gtd. Notes

 

6.00

 

2/15/2028

 

925,000

b,c

770,063

 

PBF Holding, Sr. Scd. Notes

 

9.25

 

5/15/2025

 

1,062,000

b,c

1,135,676

 

PDC Energy, Gtd. Notes

 

5.75

 

5/15/2026

 

150,000

c

136,973

 

PDC Energy, Gtd. Notes

 

6.13

 

9/15/2024

 

905,000

 

844,949

 

Precision Drilling, Gtd. Notes

 

7.13

 

1/15/2026

 

250,000

b,c

153,390

 

Precision Drilling, Gtd. Notes

 

7.75

 

12/15/2023

 

455,000

 

313,333

 

Shelf Drilling Holdings, Gtd. Notes

 

8.25

 

2/15/2025

 

1,270,000

b

575,456

 

Southwestern Energy, Gtd. Notes

 

7.50

 

4/1/2026

 

1,070,000

 

939,947

 

Targa Resources Partners, Gtd. Notes

 

6.88

 

1/15/2029

 

1,250,000

 

1,313,281

 

Transocean Poseidon, Sr. Scd. Notes

 

6.88

 

2/1/2027

 

602,000

b

520,730

 

Transocean Sentry, Sr. Scd. Notes

 

5.38

 

5/15/2023

 

615,000

b

528,900

 

USA Compression Partners, Gtd. Notes

 

6.88

 

4/1/2026

 

1,738,000

 

1,683,409

 

Western Midstream Operating, Sr. Unscd. Notes

 

4.50

 

3/1/2028

 

855,000

 

807,975

 

WPX Energy, Sr. Unscd. Notes

 

5.25

 

9/15/2024

 

225,000

 

222,326

 

WPX Energy, Sr. Unscd. Notes

 

5.75

 

6/1/2026

 

300,000

 

291,872

 
 

35,279,002

 

Environmental Control - 2.5%

     

Covanta Holding, Sr. Unscd. Notes

 

5.88

 

7/1/2025

 

2,270,000

c

2,306,649

 

GFL Environmental, Sr. Unscd. Notes

 

7.00

 

6/1/2026

 

988,000

b,c

1,031,037

 

Harsco, Gtd. Notes

 

5.75

 

7/31/2027

 

1,210,000

b

1,216,086

 

Waste Pro USA, Sr. Unscd. Notes

 

5.50

 

2/15/2026

 

920,000

b,c

880,803

 
 

5,434,575

 

Food Products - 2.0%

     

Albertsons, Gtd. Notes

 

6.63

 

6/15/2024

 

1,130,000

c

1,159,380

 

Albertsons, Gtd. Notes

 

7.50

 

3/15/2026

 

495,000

b,c

537,372

 

New Albertsons, Sr. Unscd. Bonds

 

8.00

 

5/1/2031

 

2,390,000

 

2,688,750

 
 

4,385,502

 

Forest Products & Paper - .9%

     

Mercer International, Sr. Unscd. Notes

 

7.38

 

1/15/2025

 

1,870,000

 

1,866,297

 

Health Care - 14.8%

     

Avantor, Sr. Unscd. Notes

 

9.00

 

10/1/2025

 

4,160,000

b,c

4,487,600

 

Bausch Health, Gtd. Notes

 

5.25

 

1/30/2030

 

230,000

b

218,470

 

Bausch Health, Gtd. Notes

 

6.13

 

4/15/2025

 

1,340,000

b,c

1,361,011

 

Bausch Health, Gtd. Notes

 

6.25

 

2/15/2029

 

1,150,000

b,c

1,157,906

 

Bausch Health, Gtd. Notes

 

7.25

 

5/30/2029

 

650,000

b

683,030

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

a

Value ($)

 

Bonds and Notes - 131.1% (continued)

     

Health Care - 14.8% (continued)

     

Bausch Health, Gtd. Notes

 

9.00

 

12/15/2025

 

2,055,000

b

2,216,133

 

Bausch Health Americas, Gtd. Notes

 

9.25

 

4/1/2026

 

1,850,000

b,c

2,009,470

 

Community Health Systems, Sr. Scd. Notes

 

6.63

 

2/15/2025

 

1,604,000

b,c

1,511,770

 

LifePoint Health, Sr. Scd. Notes

 

6.75

 

4/15/2025

 

675,000

b

698,625

 

Ortho-Clinical Diagnostics, Sr. Unscd. Notes

 

7.25

 

2/1/2028

 

2,395,000

b

2,440,457

 

Ortho-Clinical Diagnostics, Sr. Unscd. Notes

 

7.38

 

6/1/2025

 

530,000

b,c

539,606

 

Polaris Intermediate, Sr. Unscd. Notes

 

8.50

 

12/1/2022

 

3,235,000

b,c

2,856,877

 

Select Medical, Gtd. Notes

 

6.25

 

8/15/2026

 

985,000

b,c

997,982

 

Surgery Center Holdings, Gtd. Notes

 

10.00

 

4/15/2027

 

770,000

b

772,741

 

Synlab Unsecured Bondco, Gtd. Bonds

EUR

8.25

 

7/1/2023

 

665,000

b

767,823

 

Tenet Healthcare, Scd. Notes

 

6.25

 

2/1/2027

 

1,680,000

b

1,672,642

 

Tenet Healthcare, Sr. Scd. Notes

 

7.50

 

4/1/2025

 

170,000

b

181,369

 

Tenet Healthcare, Sr. Unscd. Notes

 

6.75

 

6/15/2023

 

2,060,000

 

2,046,610

 

Tenet Healthcare, Sr. Unscd. Notes

 

8.13

 

4/1/2022

 

1,930,000

 

2,029,974

 

West Street Merger Sub, Sr. Unscd. Notes

 

6.38

 

9/1/2025

 

3,160,000

b,c

3,067,143

 
 

31,717,239

 

Industrial - 5.0%

     

ATS Automation Tooling Systems, Gtd. Notes

 

6.50

 

6/15/2023

 

725,000

b

730,361

 

Brand Industrial Services, Sr. Unscd. Notes

 

8.50

 

7/15/2025

 

1,480,000

b

1,336,610

 

Clark Equipment, Sr. Scd. Notes

 

5.88

 

6/1/2025

 

230,000

b

236,181

 

Gates Global, Gtd. Notes

 

6.25

 

1/15/2026

 

1,890,000

b

1,875,031

 

General Electric, Jr. Sub. Debs., Ser. D

 

5.00

 

1/21/2021

 

1,500,000

 

1,179,968

 

Husky III Holding, Sr. Unscd. Notes

 

13.00

 

2/15/2025

 

1,635,000

b

1,578,797

 

Stevens Holding, Gtd. Notes

 

6.13

 

10/1/2026

 

415,000

b

435,152

 

Titan Acquisition, Sr. Unscd. Notes

 

7.75

 

4/15/2026

 

1,285,000

b

1,219,664

 

Vertical Holdco GmbH, Gtd. Notes

 

7.63

 

7/15/2028

 

200,000

 

200,000

 

Vertical US Newco, Sr. Scd. Notes

 

5.25

 

7/15/2027

 

395,000

 

395,000

 

Welbilt, Gtd. Notes

 

9.50

 

2/15/2024

 

1,600,000

 

1,536,000

 
 

10,722,764

 

Information Technology - 6.3%

     

Ascend Learning, Sr. Unscd. Notes

 

6.88

 

8/1/2025

 

565,000

b,c

569,884

 

Ascend Learning, Sr. Unscd. Notes

 

6.88

 

8/1/2025

 

1,970,000

b,c

1,991,709

 

Boxer Parent, Sr. Scd. Notes

 

7.13

 

10/2/2025

 

440,000

b

462,957

 

Change Healthcare Holdings, Gtd. Notes

 

5.75

 

3/1/2025

 

2,055,000

b

2,034,080

 

Genesys Telecommunications Laboratories, Gtd. Notes

 

10.00

 

11/30/2024

 

3,590,000

b,c

3,742,952

 

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

a

Value ($)

 

Bonds and Notes - 131.1% (continued)

     

Information Technology - 6.3% (continued)

     

Rackspace Hosting, Gtd. Notes

 

8.63

 

11/15/2024

 

825,000

b

840,675

 

RP Crown Parent, Gtd. Notes

 

7.38

 

10/15/2024

 

1,030,000

b,c

1,031,179

 

The Dun & Bradstreet, Sr. Unscd. Notes

 

10.25

 

2/15/2027

 

2,585,000

b,c

2,875,334

 
 

13,548,770

 

Insurance - 3.7%

     

AmWINS Group, Gtd. Notes

 

7.75

 

7/1/2026

 

2,085,000

b

2,196,673

 

AssuredPartners, Sr. Unscd. Notes

 

7.00

 

8/15/2025

 

1,765,000

b

1,770,498

 

GTCR AP Finance, Sr. Unscd. Notes

 

8.00

 

5/15/2027

 

675,000

b

697,228

 

HUB International, Sr. Unscd. Notes

 

7.00

 

5/1/2026

 

1,535,000

b,c

1,536,543

 

USI, Sr. Unscd. Notes

 

6.88

 

5/1/2025

 

1,680,000

b

1,699,933

 
 

7,900,875

 

Materials - 7.8%

     

ARD Finance, Sr. Scd. Notes

EUR

5.00

 

6/30/2027

 

620,000

b

671,845

 

ARD Finance, Sr. Scd. Notes

EUR

5.00

 

6/30/2027

 

883,000

 

956,838

 

ARD Finance, Sr. Scd. Notes

 

6.50

 

6/30/2027

 

2,192,000

b

2,172,414

 

Ardagh Packaging Finance, Gtd. Notes

 

5.25

 

8/15/2027

 

1,960,000

b

1,927,288

 

Ardagh Packaging Finance, Sr. Unscd. Notes

 

5.25

 

8/15/2027

 

465,000

b,c

457,239

 

Flex Acquisition, Sr. Unscd. Notes

 

6.88

 

1/15/2025

 

225,000

b

217,826

 

Flex Acquisition, Sr. Unscd. Notes

 

7.88

 

7/15/2026

 

1,185,000

b

1,152,892

 

LABL Escrow Issuer, Sr. Scd. Notes

 

6.75

 

7/15/2026

 

1,180,000

b,c

1,230,333

 

LABL Escrow Issuer, Sr. Unscd. Notes

 

10.50

 

7/15/2027

 

1,255,000

b,c

1,336,299

 

Mauser Packaging Solutions Holding, Sr. Scd. Notes

 

8.50

 

4/15/2024

 

700,000

b,c

735,875

 

Mauser Packaging Solutions Holding, Sr. Unscd. Notes

 

7.25

 

4/15/2025

 

2,250,000

b,c

2,046,915

 

Reynolds Group Issuer, Gtd. Notes

 

7.00

 

7/15/2024

 

1,795,000

b

1,804,253

 

Trivium Packaging Finance, Gtd. Notes

 

8.50

 

8/15/2027

 

1,845,000

b

1,976,115

 
 

16,686,132

 

Media - 8.4%

     

Altice Financing, Sr. Scd. Bonds

 

7.50

 

5/15/2026

 

1,540,000

b

1,620,889

 

Banijay Group, Sr. Unscd. Notes

EUR

6.50

 

3/1/2026

 

1,750,000

b

1,770,395

 

CSC Holdings, Gtd. Notes

 

6.50

 

2/1/2029

 

200,000

b

218,875

 

CSC Holdings, Sr. Unscd. Notes

 

5.75

 

1/15/2030

 

970,000

b,c

1,014,518

 

CSC Holdings, Sr. Unscd. Notes

 

7.50

 

4/1/2028

 

1,735,000

b,c

1,898,359

 

CSC Holdings, Sr. Unscd. Notes

 

10.88

 

10/15/2025

 

700,000

b

754,142

 

Diamond Sports Group, Gtd. Notes

 

6.63

 

8/15/2027

 

810,000

b,c

436,209

 

Diamond Sports Group, Sr. Scd. Notes

 

5.38

 

8/15/2026

 

965,000

b,c

704,373

 

DISH DBS, Gtd. Notes

 

7.75

 

7/1/2026

 

1,885,000

 

2,001,832

 

Meredith, Sr. Scd. Notes

 

6.50

 

7/1/2025

 

607,000

b

603,965

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

a

Value ($)

 

Bonds and Notes - 131.1% (continued)

     

Media - 8.4% (continued)

     

Midcontinent Communications, Gtd. Notes

 

5.38

 

8/15/2027

 

760,000

b,c

774,394

 

Nexstar Broadcasting, Gtd. Notes

 

5.63

 

7/15/2027

 

1,050,000

b,c

1,052,657

 

Radiate Holdco, Sr. Unscd. Notes

 

6.63

 

2/15/2025

 

725,000

b,c

724,170

 

Radiate Holdco, Sr. Unscd. Notes

 

6.88

 

2/15/2023

 

1,251,000

b

1,271,197

 

Scripps Escrow, Gtd. Notes

 

5.88

 

7/15/2027

 

970,000

b

920,714

 

Sinclair Television Group, Gtd. Notes

 

5.13

 

2/15/2027

 

215,000

b,c

196,415

 

Summer BidCo, Sr. Unscd. Bonds

EUR

9.75

 

11/15/2025

 

1,242,443

b

1,320,129

 

TEGNA, Gtd. Notes

 

5.00

 

9/15/2029

 

870,000

b

820,532

 
 

18,103,765

 

Metals & Mining - 3.6%

     

Arconic, Scd. Notes

 

6.13

 

2/15/2028

 

1,445,000

b,c

1,448,721

 

Arconic, Sr. Scd. Notes

 

6.00

 

5/15/2025

 

105,000

b,c

108,216

 

First Quantum Minerals, Gtd. Notes

 

7.25

 

4/1/2023

 

2,970,000

b,c

2,855,106

 

First Quantum Minerals, Gtd. Notes

 

7.50

 

4/1/2025

 

560,000

b

537,104

 

Freeport-McMoRan, Gtd. Notes

 

5.45

 

3/15/2043

 

870,000

 

855,545

 

Hudbay Minerals, Gtd. Notes

 

7.63

 

1/15/2025

 

1,520,000

b,c

1,459,360

 

Kaiser Aluminum, Gtd. Notes

 

6.50

 

5/1/2025

 

445,000

b,c

463,078

 
 

7,727,130

 

Real Estate - 2.4%

     

Brookfield Property REIT, Sr. Scd. Notes

 

5.75

 

5/15/2026

 

780,000

b,c

660,925

 

Greystar Real Estate Partners, Sr. Scd. Notes

 

5.75

 

12/1/2025

 

835,000

b,c

843,517

 

Iron Mountain, Gtd. Notes

 

5.25

 

7/15/2030

 

1,055,000

b,c

1,036,353

 

Ladder Capital Finance Holdings, Gtd. Notes

 

5.25

 

10/1/2025

 

2,630,000

b

2,278,514

 

Realogy Group, Scd. Notes

 

7.63

 

6/15/2025

 

225,000

b,c

225,000

 
 

5,044,309

 

Retailing - 1.9%

     

Burlington Coat Factory Warehouse, Sr. Scd. Notes

 

6.25

 

4/15/2025

 

605,000

b

633,359

 

Macy's, Sr. Scd. Notes

 

8.38

 

6/15/2025

 

1,170,000

b,c

1,166,344

 

PetSmart, Gtd. Notes

 

7.13

 

3/15/2023

 

1,100,000

b

1,086,844

 

Staples, Sr. Scd. Notes

 

7.50

 

4/15/2026

 

1,555,000

b

1,225,146

 
 

4,111,693

 

Technology Hardware & Equipment - 2.4%

     

Banff Merger Sub, Sr. Unscd. Notes

EUR

8.38

 

9/1/2026

 

1,245,000

b

1,402,394

 

Banff Merger Sub, Sr. Unscd. Notes

 

9.75

 

9/1/2026

 

1,295,000

b

1,306,085

 

Everi Payments, Gtd. Notes

 

7.50

 

12/15/2025

 

685,000

b

658,384

 

Tempo Acquisition, Sr. Unscd. Notes

 

6.75

 

6/1/2025

 

1,690,000

b

1,716,389

 
 

5,083,252

 

Telecommunication Services - 7.7%

     

Altice France, Sr. Scd. Notes

 

8.13

 

2/1/2027

 

1,305,000

b,c

1,430,469

 

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

a

Value ($)

 

Bonds and Notes - 131.1% (continued)

     

Telecommunication Services - 7.7% (continued)

     

Altice France Holding, Gtd. Notes

 

6.00

 

2/15/2028

 

620,000

b

589,778

 

Altice France Holding, Sr. Scd. Notes

 

10.50

 

5/15/2027

 

1,830,000

b,c

2,023,843

 

CenturyLink, Sr. Unscd. Notes

 

5.63

 

4/1/2025

 

170,000

c

176,223

 

CenturyLink, Sr. Unscd. Notes, Ser. Y

 

7.50

 

4/1/2024

 

1,145,000

c

1,260,256

 

Cincinnati Bell, Gtd. Notes

 

7.00

 

7/15/2024

 

435,000

b,c

445,055

 

Cincinnati Bell, Gtd. Notes

 

8.00

 

10/15/2025

 

1,005,000

b

1,052,632

 

CommScope, Gtd. Notes

 

7.13

 

7/1/2028

 

525,000

b

526,365

 

CommScope, Gtd. Notes

 

8.25

 

3/1/2027

 

3,620,000

b

3,726,645

 

Connect Finco, Sr. Scd. Notes

 

6.75

 

10/1/2026

 

1,375,000

b

1,301,987

 

DKT Finance, Sr. Scd. Notes

 

9.38

 

6/17/2023

 

1,775,000

b,c

1,790,531

 

Embarq, Sr. Unscd. Notes

 

8.00

 

6/1/2036

 

1,590,000

c

1,789,100

 

Intrado, Gtd. Notes

 

8.50

 

10/15/2025

 

645,000

b,c

514,791

 
 

16,627,675

 

Utilities - .7%

     

NRG Energy, Gtd. Notes

 

7.25

 

5/15/2026

 

1,400,000

c

1,480,241

 

Total Bonds and Notes
(cost $287,029,622)

 

281,450,451

 
         

Floating Rate Loan Interests - 5.1%

     

Chemicals - .5%

     

Polar US Borrower, Initial Term Loan, 1 Month LIBOR +4.75%

 

4.93

 

10/16/2025

 

1,053,950

d

995,983

 

Commercial & Professional Services - .4%

     

Pi Lux Finco, Second Lien Facility 1 Term Loan, 3 Month LIBOR +7.25%

 

8.32

 

1/1/2026

 

935,000

d

839,163

 

Energy - .9%

     

Granite Acquisition, Second Lien Term Loan B, 3 Month LIBOR +7.25%

 

8.25

 

12/19/2022

 

1,055,501

d

1,040,988

 

WaterBridge Midstream Operating, Initial Term Loan, 3 Month LIBOR +5.75%

 

6.75

 

6/21/2026

 

1,111,600

d

919,849

 
 

1,960,837

 

Food Products - .4%

     

Froneri US, Second Lien Facility USD Term Loan, 1 Month LIBOR +5.75%

 

5.93

 

1/31/2028

 

975,000

d

943,313

 

Health Care - .0%

     

Auris Luxembourg III, Facility B2 Term Loan, 1 Month LIBOR +3.75%

 

3.93

 

2/21/2026

 

99,496

d

87,557

 

Industrial - .3%

     

VAC Germany Holding GmbH, Term Loan B, 3 Month LIBOR +4.00%

 

5.00

 

3/8/2025

 

856,218

d

620,758

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

a

Value ($)

 

Floating Rate Loan Interests - 5.1% (continued)

     

Information Technology - .3%

     

Evergreen Skills Lux, First Lien Initial Term Loan, 3 Month PRIME +5.75%

 

9.00

 

4/28/2021

 

837,257

d,e

526,049

 

SkillSoft, Senior Secured SuperPriority DIP Term Loan, 1 Month LIBOR +7.50%

 

8.50

 

9/16/2020

 

47,896

d,f

45,262

 
 

571,311

 

Insurance - 2.0%

     

Asurion, Second Lien Replacement Term Loan B-2, 1 Month LIBOR +6.50%

 

6.68

 

8/4/2025

 

3,240,000

d

3,231,900

 

Mayfield Agency Borrower, First Lien Term Loan B, 1 Month LIBOR +4.50%

 

4.68

 

2/28/2025

 

1,259,305

d

1,105,040

 
 

4,336,940

 

Materials - .1%

     

Ball Metalpack Finco, First Lien Initial Term Loan, 3 Month LIBOR +4.50%

 

4.86

 

7/31/2025

 

112,983

d

104,862

 

Technology Hardware & Equipment - .2%

     

Everi Payments, Term Loan, 3 Month LIBOR +10.5%

 

11.50

 

5/9/2024

 

500,000

d

505,000

 

Total Floating Rate Loan Interests
(cost $11,899,979)

 

10,965,724

 
         

Exchange-Traded Funds - .4%

     

Registered Investment Companies - .4%

     

iShares iBoxx High Yield Corporate Bond ETF
(cost $810,478)

     

10,600

 

865,172

 

Description

Annualized
Yield (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Short-Term Investments - .1%

     

U.S. Government Securities

     

U.S. Treasury Bills
(cost $269,973)

 

0.13

 

7/30/2020

 

270,000

g

269,974

 

Description

1-Day
Yield (%)

   

Shares

 

Value ($)

 

Investment Companies - 6.4%

     

Registered Investment Companies - 6.4%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund
(cost $13,724,358)

 

0.22

   

13,724,358

h

13,724,358

 

Total Investments (cost $313,734,410)

 

143.1%

307,275,679

 

Liabilities, Less Cash and Receivables

 

(43.1%)

(92,559,595)

 

Net Assets

 

100.0%

214,716,084

 

ETF—Exchange-Traded Fund

LIBOR—London Interbank Offered Rate

PRIME—Prime Lending Rate

REIT—Real Estate Investment Trust

EUR—Euro

GBP—British Pound

a Amount stated in U.S. Dollars unless otherwise noted above.

b Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2020, these securities were valued at $215,688,454 or 100.45% of net assets.

c Security, or portion thereof, has been pledged as collateral for the fund’s Revolving Credit and Security Agreement.

d Variable rate security—rate shown is the interest rate in effect at period end.

e Non-income producing—security in default.

f The fund held Level 3 securities at June 30, 2020, these securities were valued at $45,262 or .02% of net assets.

g Security is a discount security. Income is recognized through the accretion of discount.

h Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.

STATEMENT OF INVESTMENTS
BNY Mellon High Yield Strategies Fund

June 30, 2020 (Unaudited)

The following is a summary of the inputs used as of June 30, 2020 in valuing the fund’s investments:

     

 

Level 1 - Unadjusted Quoted Prices

Level 2 - Other Significant Observable Inputs

Level 3 -Significant Unobservable Inputs

Total

Assets ($)

 

 

 

 

Investments in Securities: †

 

 

 

 

Collateralized Loan Obligations

-

9,688,655

-

9,688,655

Corporate Bonds

-

271,761,796

-

271,761,796

Exchange-Traded Funds

865,172

-

-

865,172

Floating Rate Loan Interests

-

10,920,462

45,262

10,965,724

Investment Companies

13,724,358

-

-

13,724,358

U.S. Treasury Securities

-

269,974

-

269,974

Liabilities ($)

    

Other Financial Instruments:

    

Forward Foreign Currency Exchange Contracts††

-

(15,609)

-

(15,609)

† See Statement of Investments for additional detailed categorizations, if any.

†† Amount shown represents unrealized (depreciation) at period end.

STATEMENT OF FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
BNY Mellon High Yield Strategies Fund

June 30, 2020 (Unaudited)

      

Counterparty/ Purchased
Currency

Purchased Currency
Amounts

Currency
Sold

Sold
Currency
Amounts

Settlement Date

Unrealized (Depreciation)($)

Goldman Sachs

   

Euro

880,000

United States Dollar

992,138

7/31/2020

(2,772)

United States Dollar

9,039,321

Euro

8,050,000

7/31/2020

(11,133)

United States Dollar

2,737,281

British Pound

2,210,000

7/31/2020

(1,704)

Gross Unrealized Depreciation

  

(15,609)

See notes to financial statements.

NOTES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

Registered investment companies that are not traded on an exchange are valued at their net asset value and are generally categorized within Level 1 of the fair value hierarchy.

Investments in debt securities, excluding short-term investments (other than U.S. Treasury Bills), financial futures and forward foreign currency exchange contracts (“forward contracts”) are valued each business day by one or more independent pricing

NOTES

services (each, a “Service”) approved by the fund's Board Members (the “Board”). Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of a Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by a Service based upon its evaluation of the market for such securities). Securities are valued as determined by a Service, based on methods which include consideration of the following: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. These securities are generally categorized within Level 2 of the fair value hierarchy.

U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by the Service. These securities are generally categorized within Level 2 of the fair value hierarchy.

Each Service and independent valuation firm is engaged under the general oversight of the Board.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

Investments denominated in foreign currencies are translated to U.S. dollars at the prevailing rates of exchange.

Financial futures, which are traded on an exchange, are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day and are generally categorized within Level 1 of the fair value hierarchy. Forward contracts are valued at the forward rate and are generally categorized within Level 2 of the fair value hierarchy.

Derivatives: A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at June 30, 2020 is discussed below.

NOTES

Forward Foreign Currency Exchange Contracts: The fund enters into forward contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings, to settle foreign currency transactions or as a part of its investment strategy. When executing forward contracts, the fund is obligated to buy or sell a foreign currency at a specified rate on a certain date in the future. With respect to sales of forward contracts, the fund incurs a loss if the value of the contract increases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract decreases between those dates. With respect to purchases of forward contracts, the fund incurs a loss if the value of the contract decreases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract increases between those dates. Any realized or unrealized gains or losses which occurred during the period are reflected in the Statement of Operations. The fund is exposed to foreign currency risk as a result of changes in value of underlying financial instruments. The fund is also exposed to credit risk associated with counterparty nonperformance on these forward contracts, which is generally limited to the unrealized gain on each open contract. This risk may be mitigated by Master Agreements, if any, between the fund and the counterparty and the posting of collateral, if any, by the counterparty to the fund to cover the fund’s exposure to the counterparty.

At June 30, 2020, accumulated net unrealized depreciation on investments was $6,458,731, consisting of $6,461,712 gross unrealized appreciation and $12,920,443 gross unrealized depreciation.

At June 30, 2020, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.