The Triple-Factor screen identifies CEFs with yields >8%, coverage >90%, and trading at a discount to NAV, balancing yield, sustainability, and value. Coverage is calculated using trailing estimates from fund houses like PIMCO, BlackRock, Nuveen, and Eaton Vance, or from semi-annual reports. The report ranks funds by widest discounts, best z-scores, highest yields, and best combined metrics, providing fertile grounds for further exploration.

NEW YORK--(BUSINESS WIRE)--On January 23, 2025, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on February 21, 2025, to shareholders of record at the close of business on February 6, 2025. The ex-dividend date is February 6, 2025. The previous dividend declared in December was $0.0175 per share of beneficial interest. Important Information BNY Mellon Inves.

The BNY Mellon High Yield Strategies Fund boasts an 8.11% yield, which beats the fixed-income indices but is not impressive compared to peers. Despite a recent 11.16% share price increase, the DHF fund's net asset value only rose by 1.86%, raising concerns about its current valuation. The fund does have a bit more diversity than a typical junk bond fund, which could give it some advantages over a typical fund.

NEW YORK--(BUSINESS WIRE)--On December 12, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on January 13, 2025, to shareholders of record at the close of business on December 27, 2024. The ex-dividend date is December 27, 2024. The previous dividend declared in November was $0.0175 per share of beneficial interest. Important Information BNY Mellon Inv.

NEW YORK--(BUSINESS WIRE)--On November 21, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on December 20, 2024, to shareholders of record at the close of business on December 6, 2024. The ex-dividend date is December 6, 2024. The previous dividend declared in October was $0.0175 per share of beneficial interest. Important Information BNY Mellon Inves.

The broader market indexes continue to hit all-time highs, with broader participation continuing into September. Every month, I add to my positions in my closed-end fund portfolio to grow my cash flow month after month. The main theme this month, which has been most of the theme this year, was adding to funds that should benefit from a lower rate environment.

BNY Mellon High Yield Strategies Fund offers a diversified portfolio of below-investment-grade debt, with geographic diversification in U.S. and European markets. The fund's discount has narrowed, boosting total returns, but it remains a relative bargain in the high-yield CEF space. DHF's distribution is fully covered even after raising the monthly payout earlier in the year, delivering an 8.05% distribution yield to investors.

NEW YORK--(BUSINESS WIRE)--On September 24, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on October 23, 2024, to shareholders of record at the close of business on October 8, 2024. The ex-dividend date is October 8, 2024. The previous dividend declared in August was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investme.

NEW YORK--(BUSINESS WIRE)--On June 25, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on July 24, 2024, to shareholders of record at the close of business on July 10, 2024. The ex-dividend date is July 10, 2024. The previous dividend declared in May was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investment Adviser, Inc.

Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up to that article and then subsequent developments in creating my current portfolio. Today, I favor CEFs and ETFs that, in addition to providing regular income, show a positive NAV performance since inception, thereby demonstrating their ability to also generate value over time.