Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited) 
July 31, 2024

 
Principal Amount
Value
Asset-Backed Securities 1.4%
$750,000
Oaktree CLO Ltd., Series 2024-25A, Class E, (3 mo. USD Term SOFR + 6.59%), 11.89%, due
4/20/2037
$755,959
(a)(b)
750,000
OHA Credit Funding 18 Ltd., Series 2024-18A, Class E, (3 mo. USD Term SOFR + 6.40%), 11.69%,
due 4/20/2037
756,738
(a)(b)
500,000
Signal Peak CLO 11 Ltd., Series 2024-11A, Class D1, (3 mo. USD Term SOFR + 3.10%), 8.42%, due
7/18/2037
501,791
(a)(b)
1,000,000
Symphony CLO 44 Ltd., Series 2024-44A, Class D, (3 mo. USD Term SOFR + 3.20%), 8.53%, due
7/14/2037
1,005,142
(a)(b)
Total Asset-Backed Securities (Cost $2,992,500)
3,019,630
Corporate Bonds 126.1%
Advertising 1.6%
 
Clear Channel Outdoor Holdings, Inc.
465,000
5.13%, due 8/15/2027
450,413
(a)
175,000
7.75%, due 4/15/2028
154,557
(a)
420,000
9.00%, due 9/15/2028
445,964
(a)
480,000
7.88%, due 4/1/2030
488,496
(a)
1,680,000
Neptune Bidco U.S., Inc., 9.29%, due 4/15/2029
1,645,339
(a)
200,000
Summer BC Bidco B LLC, 5.50%, due 10/31/2026
196,559
(a)
 
3,381,328
Aerospace & Defense 3.4%
415,000
AAR Escrow Issuer LLC, 6.75%, due 3/15/2029
424,208
(a)
 
Boeing Co.
180,000
6.39%, due 5/1/2031
187,932
(a)
230,000
6.53%, due 5/1/2034
241,439
(a)
 
Bombardier, Inc.
530,000
6.00%, due 2/15/2028
528,478
(a)
215,000
8.75%, due 11/15/2030
232,993
(a)
390,000
7.25%, due 7/1/2031
401,490
(a)
590,000
7.00%, due 6/1/2032
603,255
(a)
 
TransDigm, Inc.
195,000
5.50%, due 11/15/2027
192,553
1,605,000
6.75%, due 8/15/2028
1,635,851
(a)
710,000
6.38%, due 3/1/2029
723,207
(a)
1,300,000
6.88%, due 12/15/2030
1,336,869
(a)
725,000
6.63%, due 3/1/2032
741,549
(a)
 
7,249,824
Airlines 1.4%
185,000
American Airlines, Inc., 7.25%, due 2/15/2028
184,843
(a)
1,030,000
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, due 4/20/2029
1,006,520
(a)
 
Latam Airlines Group SA
130,000
13.38%, due 10/15/2027
143,919
(a)
125,000
13.38%, due 10/15/2029
144,470
(a)
 
United Airlines, Inc.
615,000
4.38%, due 4/15/2026
599,617
(a)
310,000
4.63%, due 4/15/2029
292,962
(a)
715,000
VistaJet Malta Finance PLC/Vista Management Holding, Inc., 6.38%, due 2/1/2030
569,552
(a)
 
2,941,883
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Apparel 0.0%(c)
$30,000
William Carter Co., 5.63%, due 3/15/2027
$29,675
(a)
Auto Manufacturers 0.2%
 
Jaguar Land Rover Automotive PLC
340,000
5.88%, due 1/15/2028
336,646
(a)
30,000
5.50%, due 7/15/2029
29,339
(a)
 
365,985
Auto Parts & Equipment 1.8%
660,000
Adient Global Holdings Ltd., 8.25%, due 4/15/2031
693,909
(a)
 
Dana, Inc.
110,000
5.63%, due 6/15/2028
107,202
285,000
4.50%, due 2/15/2032
249,010
 
Goodyear Tire & Rubber Co.
420,000
5.00%, due 7/15/2029
396,396
930,000
5.25%, due 7/15/2031
869,474
445,000
5.63%, due 4/30/2033
409,495
 
IHO Verwaltungs GmbH
175,000
4.75% Cash/5.50% PIK, due 9/15/2026
170,633
(a)(d)
30,000
6.38% Cash/7.13% PIK, due 5/15/2029
30,029
(a)(d)
 
ZF North America Capital, Inc.
130,000
6.88%, due 4/14/2028
133,246
(a)
335,000
6.75%, due 4/23/2030
341,257
(a)
425,000
6.88%, due 4/23/2032
439,411
(a)
 
3,840,062
Building Materials 4.4%
 
Builders FirstSource, Inc.
270,000
6.38%, due 6/15/2032
273,832
(a)
720,000
6.38%, due 3/1/2034
726,184
(a)
440,000
Camelot Return Merger Sub, Inc., 8.75%, due 8/1/2028
437,455
(a)
 
Cornerstone Building Brands, Inc.
170,000
6.13%, due 1/15/2029
140,082
(a)
465,000
9.50%, due 8/15/2029
465,581
(a)(e)
 
EMRLD Borrower LP/Emerald Co.-Issuer, Inc.
1,305,000
6.63%, due 12/15/2030
1,329,499
(a)
445,000
6.75%, due 7/15/2031
453,799
(a)
760,000
Jeld-Wen, Inc., 4.88%, due 12/15/2027
723,616
(a)
850,000
Knife River Corp., 7.75%, due 5/1/2031
891,823
(a)
195,000
Masterbrand, Inc., 7.00%, due 7/15/2032
200,344
(a)
340,000
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, 6.75%, due 4/1/2032
344,963
(a)
725,000
MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, due 2/1/2030
677,220
(a)
455,000
Oscar AcquisitionCo LLC/Oscar Finance, Inc., 9.50%, due 4/15/2030
425,965
(a)
 
Standard Industries, Inc.
1,010,000
4.38%, due 7/15/2030
920,110
(a)
460,000
6.50%, due 8/15/2032
460,837
(a)(e)
 
Summit Materials LLC/Summit Materials Finance Corp.
250,000
5.25%, due 1/15/2029
244,402
(a)
500,000
7.25%, due 1/15/2031
521,362
(a)
310,000
Wilsonart LLC, 11.00%, due 8/15/2032
303,800
(a)(e)
 
9,540,874
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Chemicals 5.6%
 
Ashland, Inc.
$705,000
3.38%, due 9/1/2031
$607,505
(a)
280,000
6.88%, due 5/15/2043
288,871
820,000
Avient Corp., 7.13%, due 8/1/2030
841,937
(a)
755,000
Axalta Coating Systems Dutch Holding B BV, 7.25%, due 2/15/2031
791,797
(a)
185,000
Consolidated Energy Finance SA, 12.00%, due 2/15/2031
182,640
(a)
580,000
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, due 7/1/2028
581,898
(a)
 
INEOS Finance PLC
545,000
6.75%, due 5/15/2028
547,220
(a)
455,000
7.50%, due 4/15/2029
463,158
(a)
860,000
INEOS Quattro Finance 2 PLC, 9.63%, due 3/15/2029
921,825
(a)
 
NOVA Chemicals Corp.
636,000
5.25%, due 6/1/2027
620,670
(a)
370,000
8.50%, due 11/15/2028
392,691
(a)
135,000
9.00%, due 2/15/2030
142,719
(a)
 
Olympus Water U.S. Holding Corp.
305,000
7.13%, due 10/1/2027
307,058
(a)
700,000
4.25%, due 10/1/2028
645,437
(a)
575,000
9.75%, due 11/15/2028
611,035
(a)
250,000
6.25%, due 10/1/2029
229,414
(a)
530,000
7.25%, due 6/15/2031
530,382
(a)
990,000
SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, due 11/1/2026
967,303
(a)
315,000
SNF Group SACA, 3.13%, due 3/15/2027
291,301
(a)
630,000
Tronox, Inc., 4.63%, due 3/15/2029
573,814
(a)
490,000
Vibrantz Technologies, Inc., 9.00%, due 2/15/2030
438,611
(a)
 
WR Grace Holdings LLC
725,000
5.63%, due 8/15/2029
663,417
(a)
490,000
7.38%, due 3/1/2031
503,142
(a)
 
12,143,845
Commercial Services 6.7%
 
ADT Security Corp.
30,000
4.13%, due 8/1/2029
27,987
(a)
630,000
4.88%, due 7/15/2032
585,716
(a)
1,065,000
Allied Universal Holdco LLC, 7.88%, due 2/15/2031
1,083,539
(a)
 
Allied Universal Holdco LLC/Allied Universal Finance Corp.
41,000
6.63%, due 7/15/2026
41,059
(a)
670,000
6.00%, due 6/1/2029
583,767
(a)
 
APX Group, Inc.
90,000
6.75%, due 2/15/2027
89,896
(a)
735,000
5.75%, due 7/15/2029
715,066
(a)
1,525,000
Block, Inc., 6.50%, due 5/15/2032
1,549,708
(a)
1,355,000
Boost Newco Borrower LLC, 7.50%, due 1/15/2031
1,427,185
(a)
895,000
Champions Financing, Inc., 8.75%, due 2/15/2029
912,853
(a)
 
Garda World Security Corp.
110,000
7.75%, due 2/15/2028
113,509
(a)
550,000
6.00%, due 6/1/2029
509,910
(a)
680,000
8.25%, due 8/1/2032
680,968
(a)
 
Herc Holdings, Inc.
345,000
5.50%, due 7/15/2027
342,152
(a)
430,000
6.63%, due 6/15/2029
439,036
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Commercial Services – cont'd
$435,000
Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, due 1/15/2028
$433,570
(a)
 
United Rentals North America, Inc.
295,000
5.25%, due 1/15/2030
288,586
160,000
4.00%, due 7/15/2030
146,344
475,000
3.75%, due 1/15/2032
419,304
1,445,000
6.13%, due 3/15/2034
1,451,812
(a)
845,000
Wand NewCo 3, Inc., 7.63%, due 1/30/2032
881,992
(a)
 
Williams Scotsman, Inc.
450,000
6.63%, due 6/15/2029
458,230
(a)
700,000
7.38%, due 10/1/2031
727,787
(a)
705,000
ZipRecruiter, Inc., 5.00%, due 1/15/2030
616,818
(a)
 
14,526,794
Computers 1.2%
400,000
Ahead DB Holdings LLC, 6.63%, due 5/1/2028
380,460
(a)
415,000
Amentum Escrow Corp., 7.25%, due 8/1/2032
423,843
(a)(e)
155,000
ASGN, Inc., 4.63%, due 5/15/2028
148,519
(a)
1,085,000
Fortress Intermediate 3, Inc., 7.50%, due 6/1/2031
1,112,494
(a)
575,000
McAfee Corp., 7.38%, due 2/15/2030
536,364
(a)
 
2,601,680
Cosmetics - Personal Care 0.5%
 
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC
310,000
4.75%, due 1/15/2029
296,609
(a)
770,000
6.63%, due 7/15/2030
790,662
(a)
 
1,087,271
Distribution - Wholesale 3.1%
455,000
BCPE Empire Holdings, Inc., 7.63%, due 5/1/2027
440,247
(a)
740,000
Dealer Tire LLC/DT Issuer LLC, 8.00%, due 2/1/2028
738,245
(a)
270,000
Gates Corp., 6.88%, due 7/1/2029
274,930
(a)
 
Resideo Funding, Inc.
1,365,000
4.00%, due 9/1/2029
1,244,159
(a)
785,000
6.50%, due 7/15/2032
784,960
(a)
 
Ritchie Bros Holdings, Inc.
355,000
6.75%, due 3/15/2028
362,462
(a)
825,000
7.75%, due 3/15/2031
867,491
(a)
975,000
Verde Purchaser LLC, 10.50%, due 11/30/2030
1,036,402
(a)
895,000
Windsor Holdings III LLC, 8.50%, due 6/15/2030
941,993
(a)
 
6,690,889
Diversified Financial Services 2.3%
435,000
Ally Financial, Inc., 6.70%, due 2/14/2033
447,129
229,000
Enova International, Inc., 9.13%, due 8/1/2029
231,271
(a)(e)
350,000
GGAM Finance Ltd., 6.88%, due 4/15/2029
357,852
(a)
690,000
Jane Street Group/JSG Finance, Inc., 7.13%, due 4/30/2031
715,724
(a)
 
Nationstar Mortgage Holdings, Inc.
415,000
5.50%, due 8/15/2028
403,053
(a)
355,000
6.50%, due 8/1/2029
354,476
(a)(e)
350,000
5.13%, due 12/15/2030
325,948
(a)
945,000
5.75%, due 11/15/2031
901,886
(a)
80,000
7.13%, due 2/1/2032
81,660
(a)
285,000
OneMain Finance Corp., 3.88%, due 9/15/2028
260,353
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
 
PennyMac Financial Services, Inc.
$365,000
7.13%, due 11/15/2030
$367,796
(a)
380,000
5.75%, due 9/15/2031
363,022
(a)
 
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.
110,000
3.88%, due 3/1/2031
97,848
(a)
70,000
4.00%, due 10/15/2033
60,206
(a)
 
4,968,224
Electric 4.6%
 
Calpine Corp.
260,000
5.13%, due 3/15/2028
251,815
(a)
150,000
4.63%, due 2/1/2029
141,744
(a)
1,655,000
5.00%, due 2/1/2031
1,562,961
(a)
665,000
Electricite de France SA, 9.13%, due 3/15/2033
736,775
(a)(f)(g)
845,000
Leeward Renewable Energy Operations LLC, 4.25%, due 7/1/2029
768,883
(a)
 
NRG Energy, Inc.
1,255,000
10.25%, due 3/15/2028
1,390,664
(a)(f)(g)
300,000
5.25%, due 6/15/2029
291,708
(a)
330,000
3.63%, due 2/15/2031
288,752
(a)
760,000
TransAlta Corp., 7.75%, due 11/15/2029
797,355
940,000
Vistra Corp., 7.00%, due 12/15/2026
945,399
(a)(f)(g)
 
Vistra Operations Co. LLC
495,000
4.38%, due 5/1/2029
467,092
(a)
1,080,000
7.75%, due 10/15/2031
1,141,295
(a)
1,100,000
6.88%, due 4/15/2032
1,132,144
(a)
 
9,916,587
Electrical Components & Equipment 0.7%
625,000
EnerSys, 6.63%, due 1/15/2032
636,231
(a)
 
WESCO Distribution, Inc.
500,000
6.38%, due 3/15/2029
506,467
(a)
455,000
6.63%, due 3/15/2032
463,499
(a)
 
1,606,197
Electronics 1.3%
650,000
EquipmentShare.com, Inc., 9.00%, due 5/15/2028
669,060
(a)
1,175,000
Imola Merger Corp., 4.75%, due 5/15/2029
1,105,890
(a)
190,000
Sensata Technologies BV, 5.88%, due 9/1/2030
187,520
(a)
425,000
Sensata Technologies, Inc., 6.63%, due 7/15/2032
430,551
(a)
550,000
TTM Technologies, Inc., 4.00%, due 3/1/2029
510,684
(a)
 
2,903,705
Engineering & Construction 1.6%
810,000
Artera Services LLC, 8.50%, due 2/15/2031
830,465
(a)
415,000
Brand Industrial Services, Inc., 10.38%, due 8/1/2030
455,722
(a)
865,000
Global Infrastructure Solutions, Inc., 7.50%, due 4/15/2032
871,484
(a)
1,255,000
VM Consolidated, Inc., 5.50%, due 4/15/2029
1,215,807
(a)
 
3,373,478
Entertainment 5.5%
775,000
Allwyn Entertainment Financing U.K. PLC, 7.88%, due 4/30/2029
806,000
(a)
275,000
Banijay Entertainment SAS, 8.13%, due 5/1/2029
284,755
(a)
330,000
Caesars Entertainment, Inc., 6.50%, due 2/15/2032
334,355
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Entertainment – cont'd
 
Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium Op
$500,000
6.50%, due 10/1/2028
$504,750
495,000
5.25%, due 7/15/2029
482,047
 
Churchill Downs, Inc.
335,000
4.75%, due 1/15/2028
323,441
(a)
990,000
6.75%, due 5/1/2031
1,005,413
(a)
 
Light & Wonder International, Inc.
645,000
7.25%, due 11/15/2029
663,713
(a)
580,000
7.50%, due 9/1/2031
605,222
(a)
190,000
Live Nation Entertainment, Inc., 3.75%, due 1/15/2028
178,645
(a)
300,000
Merlin Entertainments Group U.S. Holdings, Inc., 7.38%, due 2/15/2031
310,751
(a)
200,000
Merlin Entertainments Ltd., 5.75%, due 6/15/2026
198,282
(a)
515,000
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, due 5/1/2029
486,302
(a)
375,000
Motion Bondco DAC, 6.63%, due 11/15/2027
369,267
(a)
 
Penn Entertainment, Inc.
120,000
5.63%, due 1/15/2027
117,100
(a)
350,000
4.13%, due 7/1/2029
309,745
(a)
500,000
Raptor Acquisition Corp./Raptor Co.-Issuer LLC, 4.88%, due 11/1/2026
487,634
(a)
1,175,000
Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc., 6.63%, due 3/1/2030
1,149,179
(a)
960,000
SeaWorld Parks & Entertainment, Inc., 5.25%, due 8/15/2029
914,447
(a)
1,070,000
Six Flags Entertainment Corp., 7.25%, due 5/15/2031
1,103,110
(a)
415,000
Six Flags Entertainment Corp./Six Flags Theme Parks, Inc., 6.63%, due 5/1/2032
426,137
(a)
815,000
WMG Acquisition Corp., 3.88%, due 7/15/2030
734,652
(a)
 
11,794,947
Environmental Control 1.0%
 
GFL Environmental, Inc.
405,000
4.38%, due 8/15/2029
378,772
(a)
375,000
6.75%, due 1/15/2031
385,618
(a)
720,000
Madison IAQ LLC, 5.88%, due 6/30/2029
674,062
(a)
690,000
Wrangler Holdco Corp., 6.63%, due 4/1/2032
692,594
(a)
 
2,131,046
Food 2.1%
 
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC
125,000
5.88%, due 2/15/2028
123,939
(a)
320,000
3.50%, due 3/15/2029
291,536
(a)
455,000
4.88%, due 2/15/2030
434,712
(a)
 
Performance Food Group, Inc.
950,000
5.50%, due 10/15/2027
937,318
(a)
555,000
4.25%, due 8/1/2029
514,030
(a)
55,000
Post Holdings, Inc., 6.25%, due 2/15/2032
55,698
(a)
430,000
TreeHouse Foods, Inc., 4.00%, due 9/1/2028
387,945
 
U.S. Foods, Inc.
540,000
6.88%, due 9/15/2028
555,114
(a)
620,000
4.75%, due 2/15/2029
593,676
(a)
155,000
4.63%, due 6/1/2030
145,295
(a)
520,000
7.25%, due 1/15/2032
543,819
(a)
 
4,583,082
Food Service 0.2%
420,000
TKC Holdings, Inc., 6.88%, due 5/15/2028
408,923
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Forest Products & Paper 0.2%
$545,000
Ahlstrom Holding 3 Oyj, 4.88%, due 2/4/2028
$512,281
(a)
Healthcare - Products 1.8%
490,000
Bausch & Lomb Corp., 8.38%, due 10/1/2028
503,436
(a)
3,060,000
Medline Borrower LP, 5.25%, due 10/1/2029
2,957,781
(a)
340,000
Medline Borrower LP/Medline Co.-Issuer, Inc., 6.25%, due 4/1/2029
346,916
(a)
 
3,808,133
Healthcare - Services 5.7%
 
CHS/Community Health Systems, Inc.
635,000
5.63%, due 3/15/2027
608,047
(a)
97,000
8.00%, due 12/15/2027
97,060
(a)
40,000
6.00%, due 1/15/2029
37,138
(a)
710,000
5.25%, due 5/15/2030
619,172
(a)
845,000
4.75%, due 2/15/2031
695,005
(a)
400,000
10.88%, due 1/15/2032
429,994
(a)
245,000
Concentra Escrow Issuer Corp., 6.88%, due 7/15/2032
252,427
(a)
 
DaVita, Inc.
270,000
4.63%, due 6/1/2030
247,253
(a)
555,000
3.75%, due 2/15/2031
480,089
(a)
645,000
Encompass Health Corp., 4.63%, due 4/1/2031
600,883
500,000
Fortrea Holdings, Inc., 7.50%, due 7/1/2030
507,166
(a)
370,000
HealthEquity, Inc., 4.50%, due 10/1/2029
348,525
(a)
305,000
Legacy LifePoint Health LLC, 4.38%, due 2/15/2027
294,819
(a)
 
LifePoint Health, Inc.
330,000
5.38%, due 1/15/2029
298,964
(a)
925,000
9.88%, due 8/15/2030
1,008,081
(a)
715,000
10.00%, due 6/1/2032
758,817
(a)
165,000
Molina Healthcare, Inc., 3.88%, due 11/15/2030
149,216
(a)
605,000
Star Parent, Inc., 9.00%, due 10/1/2030
645,628
(a)
1,070,000
Surgery Center Holdings, Inc., 7.25%, due 4/15/2032
1,105,039
(a)
512,662
Team Health Holdings, Inc., 9.00% Cash/4.50% PIK, due 6/30/2028
571,618
(a)(d)
 
Tenet Healthcare Corp.
600,000
6.13%, due 6/15/2030
602,257
1,185,000
6.75%, due 5/15/2031
1,217,642
675,000
U.S. Acute Care Solutions LLC, 9.75%, due 5/15/2029
669,247
(a)
 
12,244,087
Home Builders 2.1%
630,000
Beazer Homes USA, Inc., 7.50%, due 3/15/2031
639,292
(a)
910,000
KB Home, 7.25%, due 7/15/2030
944,180
 
Mattamy Group Corp.
160,000
5.25%, due 12/15/2027
156,465
(a)
225,000
4.63%, due 3/1/2030
210,694
(a)
 
Shea Homes LP/Shea Homes Funding Corp.
1,210,000
4.75%, due 2/15/2028
1,159,164
315,000
4.75%, due 4/1/2029
298,633
830,000
Taylor Morrison Communities, Inc., 5.13%, due 8/1/2030
809,269
(a)
380,000
Thor Industries, Inc., 4.00%, due 10/15/2029
342,419
(a)
30,000
Tri Pointe Homes, Inc., 5.25%, due 6/1/2027
29,764
 
4,589,880
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Housewares 0.4%
 
Newell Brands, Inc.
$485,000
5.70%, due 4/1/2026
$483,841
145,000
6.63%, due 9/15/2029
145,476
310,000
6.88%, due 4/1/2036
296,850
35,000
7.00%, due 4/1/2046
30,742
 
956,909
Insurance 5.3%
 
Acrisure LLC/Acrisure Finance, Inc.
690,000
8.25%, due 2/1/2029
701,749
(a)
235,000
8.50%, due 6/15/2029
241,528
(a)
960,000
7.50%, due 11/6/2030
974,321
(a)
 
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer
1,310,000
6.75%, due 10/15/2027
1,300,171
(a)
420,000
7.00%, due 1/15/2031
427,574
(a)
 
AmWINS Group, Inc.
300,000
6.38%, due 2/15/2029
304,346
(a)
630,000
4.88%, due 6/30/2029
594,032
(a)
 
AssuredPartners, Inc.
960,000
5.63%, due 1/15/2029
914,457
(a)
475,000
7.50%, due 2/15/2032
483,602
(a)
555,000
Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance, 7.13%, due
5/15/2031
572,280
(a)
1,035,000
BroadStreet Partners, Inc., 5.88%, due 4/15/2029
997,495
(a)
 
Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC
270,000
7.25%, due 2/15/2031
270,750
(a)
190,000
8.13%, due 2/15/2032
189,445
(a)
 
HUB International Ltd.
155,000
5.63%, due 12/1/2029
148,829
(a)
955,000
7.25%, due 6/15/2030
984,967
(a)
695,000
7.38%, due 1/31/2032
714,388
(a)
570,000
Jones Deslauriers Insurance Management, Inc., 10.50%, due 12/15/2030
611,392
(a)(h)
685,000
Panther Escrow Issuer LLC, 7.13%, due 6/1/2031
702,885
(a)
365,000
USI, Inc., 7.50%, due 1/15/2032
377,384
(a)
 
11,511,595
Internet 2.0%
 
Gen Digital, Inc.
390,000
6.75%, due 9/30/2027
396,679
(a)
470,000
7.13%, due 9/30/2030
485,890
(a)
645,000
Go Daddy Operating Co. LLC/GD Finance Co., Inc., 5.25%, due 12/1/2027
634,992
(a)
 
Match Group Holdings II LLC
250,000
4.63%, due 6/1/2028
238,486
(a)
180,000
4.13%, due 8/1/2030
161,725
(a)
 
Rakuten Group, Inc.
575,000
11.25%, due 2/15/2027
621,265
(a)
600,000
9.75%, due 4/15/2029
635,197
(a)
1,205,000
Ziff Davis, Inc., 4.63%, due 10/15/2030
1,086,891
(a)
 
4,261,125
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Iron - Steel 1.2%
 
ATI, Inc.
$895,000
5.88%, due 12/1/2027
$887,493
30,000
4.88%, due 10/1/2029
28,494
390,000
7.25%, due 8/15/2030
407,752
 
Carpenter Technology Corp.
75,000
6.38%, due 7/15/2028
75,433
760,000
7.63%, due 3/15/2030
792,881
475,000
TMS International Corp., 6.25%, due 4/15/2029
440,948
(a)
 
2,633,001
Leisure Time 2.6%
15,000
Acushnet Co., 7.38%, due 10/15/2028
15,641
(a)
390,000
Carnival Corp., 7.00%, due 8/15/2029
406,789
(a)
1,055,000
Carnival Holdings Bermuda Ltd., 10.38%, due 5/1/2028
1,140,499
(a)
430,000
Lindblad Expeditions Holdings, Inc., 9.00%, due 5/15/2028
446,778
(a)
50,000
Lindblad Expeditions LLC, 6.75%, due 2/15/2027
49,907
(a)
710,000
NCL Corp. Ltd., 5.88%, due 2/15/2027
704,856
(a)
200,000
NCL Finance Ltd., 6.13%, due 3/15/2028
200,204
(a)
1,270,000
Royal Caribbean Cruises Ltd., 6.00%, due 2/1/2033
1,278,323
(a)(e)
 
Viking Cruises Ltd.
370,000
5.88%, due 9/15/2027
367,780
(a)
440,000
7.00%, due 2/15/2029
444,316
(a)
305,000
9.13%, due 7/15/2031
332,586
(a)
230,000
Viking Ocean Cruises Ship VII Ltd., 5.63%, due 2/15/2029
226,951
(a)
 
5,614,630
Lodging 0.4%
 
Station Casinos LLC
385,000
4.50%, due 2/15/2028
365,391
(a)
320,000
4.63%, due 12/1/2031
291,617
(a)
290,000
6.63%, due 3/15/2032
292,708
(a)
 
949,716
Machinery - Construction & Mining 0.3%
700,000
Terex Corp., 5.00%, due 5/15/2029
672,723
(a)
Machinery - Diversified 1.6%
555,000
ATS Corp., 4.13%, due 12/15/2028
513,764
(a)
 
Chart Industries, Inc.
985,000
7.50%, due 1/1/2030
1,024,697
(a)
95,000
9.50%, due 1/1/2031
103,185
(a)
125,000
Esab Corp., 6.25%, due 4/15/2029
126,767
(a)
705,000
SPX FLOW, Inc., 8.75%, due 4/1/2030
734,567
(a)
740,000
TK Elevator Holdco GmbH, 7.63%, due 7/15/2028
739,816
(a)
265,000
TK Elevator U.S. Newco, Inc., 5.25%, due 7/15/2027
259,847
(a)
 
3,502,643
Media 8.1%
 
Altice Financing SA
185,000
5.00%, due 1/15/2028
147,730
(a)
325,000
5.75%, due 8/15/2029
246,664
(a)
375,000
Cable One, Inc., 4.00%, due 11/15/2030
288,323
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Media – cont'd
 
CCO Holdings LLC/CCO Holdings Capital Corp.
$160,000
5.13%, due 5/1/2027
$155,402
(a)
615,000
5.00%, due 2/1/2028
585,493
(a)
1,330,000
5.38%, due 6/1/2029
1,243,363
(a)
1,080,000
6.38%, due 9/1/2029
1,051,558
(a)
680,000
4.50%, due 8/15/2030
595,368
(a)
1,335,000
4.25%, due 2/1/2031
1,135,896
(a)
990,000
7.38%, due 3/1/2031
999,722
(a)
220,000
4.75%, due 2/1/2032
188,145
(a)
710,000
4.50%, due 5/1/2032
594,467
360,000
4.50%, due 6/1/2033
295,741
(a)
 
CSC Holdings LLC
510,000
5.50%, due 4/15/2027
426,376
(a)
355,000
5.38%, due 2/1/2028
281,831
(a)
325,000
7.50%, due 4/1/2028
182,216
(a)
440,000
11.25%, due 5/15/2028
397,794
(a)
725,000
11.75%, due 1/31/2029
655,392
(a)
345,000
6.50%, due 2/1/2029
265,701
(a)
585,000
4.13%, due 12/1/2030
405,030
(a)
690,000
4.63%, due 12/1/2030
272,575
(a)
325,000
5.00%, due 11/15/2031
130,286
(a)
 
DISH DBS Corp.
240,000
7.75%, due 7/1/2026
154,376
620,000
5.25%, due 12/1/2026
516,075
(a)
590,000
5.75%, due 12/1/2028
433,074
(a)
340,000
5.13%, due 6/1/2029
142,379
815,000
DISH Network Corp., 11.75%, due 11/15/2027
815,757
(a)
 
McGraw-Hill Education, Inc.
430,000
5.75%, due 8/1/2028
414,150
(a)
795,000
8.00%, due 8/1/2029
775,151
(a)
175,000
Midcontinent Communications/Midcontinent Finance Corp., 5.38%, due 8/15/2027
171,782
(a)
 
Paramount Global
165,000
3.38%, due 2/15/2028
151,932
165,000
4.95%, due 1/15/2031
149,852
205,000
4.85%, due 7/1/2042
154,582
100,000
6.25%, due 2/28/2057
87,340
(f)
85,000
6.38%, due 3/30/2062
78,041
(f)
 
Sirius XM Radio, Inc.
660,000
5.50%, due 7/1/2029
630,885
(a)
690,000
3.88%, due 9/1/2031
576,392
(a)
1,085,000
Sunrise FinCo I BV, 4.88%, due 7/15/2031
987,111
(a)
270,000
Ziggo Bond Co. BV, 5.13%, due 2/28/2030
238,420
(a)
485,000
Ziggo BV, 4.88%, due 1/15/2030
441,541
(a)
 
17,463,913
Metal Fabricate - Hardware 0.2%
555,000
Advanced Drainage Systems, Inc., 6.38%, due 6/15/2030
558,717
(a)
Mining 3.0%
320,000
Alcoa Nederland Holding BV, 7.13%, due 3/15/2031
330,312
(a)
 
Arsenal AIC Parent LLC
350,000
8.00%, due 10/1/2030
372,382
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Mining – cont'd
$360,000
11.50%, due 10/1/2031
$402,265
(a)
 
Constellium SE
445,000
5.63%, due 6/15/2028
437,502
(a)
385,000
6.38%, due 8/15/2032
384,483
(a)(e)
315,000
First Quantum Minerals Ltd., 9.38%, due 3/1/2029
331,300
(a)
 
FMG Resources August 2006 Pty. Ltd.
340,000
5.88%, due 4/15/2030
335,053
(a)
145,000
5.88%, due 4/15/2030
142,890
(i)
325,000
4.38%, due 4/1/2031
293,754
(a)
1,075,000
6.13%, due 4/15/2032
1,064,117
(a)
485,000
Hudbay Minerals, Inc., 6.13%, due 4/1/2029
484,911
(a)
 
Kaiser Aluminum Corp.
215,000
4.63%, due 3/1/2028
201,527
(a)
1,150,000
4.50%, due 6/1/2031
1,018,991
(a)
 
Novelis Corp.
640,000
4.75%, due 1/30/2030
604,716
(a)
85,000
3.88%, due 8/15/2031
74,671
(a)
 
6,478,874
Miscellaneous Manufacturer 1.1%
315,000
Amsted Industries, Inc., 4.63%, due 5/15/2030
290,256
(a)
465,000
Calderys Financing II LLC, 11.75% Cash/12.50% PIK, due 6/1/2028
461,512
(a)(d)
890,000
Calderys Financing LLC, 11.25%, due 6/1/2028
951,844
(a)
580,000
Hillenbrand, Inc., 6.25%, due 2/15/2029
587,199
 
2,290,811
Office - Business Equipment 0.3%
580,000
Zebra Technologies Corp., 6.50%, due 6/1/2032
595,959
(a)
Oil & Gas 6.0%
 
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
520,000
8.25%, due 12/31/2028
533,803
(a)
250,000
5.88%, due 6/30/2029
245,199
(a)
 
Borr IHC Ltd./Borr Finance LLC
370,915
10.00%, due 11/15/2028
388,418
(a)
487,864
10.38%, due 11/15/2030
514,876
(a)
400,000
Chesapeake Energy Corp., 6.75%, due 4/15/2029
404,148
(a)
 
Civitas Resources, Inc.
905,000
8.38%, due 7/1/2028
950,170
(a)
595,000
8.63%, due 11/1/2030
642,664
(a)
110,000
8.75%, due 7/1/2031
118,292
(a)
 
Comstock Resources, Inc.
627,000
6.75%, due 3/1/2029
607,487
(a)
970,000
5.88%, due 1/15/2030
902,267
(a)
 
Crescent Energy Finance LLC
515,000
7.63%, due 4/1/2032
528,165
(a)
495,000
7.38%, due 1/15/2033
501,818
(a)
 
Hilcorp Energy I LP/Hilcorp Finance Co.
425,000
6.25%, due 11/1/2028
424,891
(a)
503,000
5.75%, due 2/1/2029
494,570
(a)
30,000
6.00%, due 4/15/2030
29,351
(a)
268,000
6.00%, due 2/1/2031
260,099
(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
$365,000
8.38%, due 11/1/2033
$394,830
(a)
95,000
Nabors Industries Ltd., 7.50%, due 1/15/2028
93,347
(a)
 
Nabors Industries, Inc.
505,000
7.38%, due 5/15/2027
514,259
(a)
100,000
9.13%, due 1/31/2030
106,831
(a)
 
Northern Oil & Gas, Inc.
435,000
8.13%, due 3/1/2028
443,863
(a)
85,000
8.75%, due 6/15/2031
89,587
(a)
 
Permian Resources Operating LLC
250,000
5.38%, due 1/15/2026
249,563
(a)
685,000
5.88%, due 7/1/2029
680,859
(a)
595,000
7.00%, due 1/15/2032
616,054
(a)
210,000
6.25%, due 2/1/2033
211,580
(a)(e)
 
Sunoco LP
190,000
7.00%, due 5/1/2029
195,560
(a)
165,000
7.25%, due 5/1/2032
171,526
(a)
840,000
TGNR Intermediate Holdings LLC, 5.50%, due 10/15/2029
796,523
(a)
 
Transocean, Inc.
405,000
8.25%, due 5/15/2029
413,533
(a)
405,000
8.50%, due 5/15/2031
414,601
(a)
 
12,938,734
Oil & Gas Services 0.9%
440,000
Archrock Partners LP/Archrock Partners Finance Corp., 6.25%, due 4/1/2028
438,941
(a)
320,000
Solaris Midstream Holdings LLC, 7.63%, due 4/1/2026
322,094
(a)
540,000
Star Holding LLC, 8.75%, due 8/1/2031
531,911
(a)
680,000
USA Compression Partners LP/USA Compression Finance Corp., 7.13%, due 3/15/2029
692,021
(a)
 
1,984,967
Packaging & Containers 2.7%
 
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
295,000
6.00%, due 6/15/2027
293,240
(a)
440,000
4.00%, due 9/1/2029
373,716
(a)
235,000
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 4.13%, due 8/15/2026
198,737
(a)
175,000
Berry Global, Inc., 5.63%, due 7/15/2027
173,211
(a)
660,000
Canpack SA/Canpack U.S. LLC, 3.88%, due 11/15/2029
592,262
(a)
410,000
Clydesdale Acquisition Holdings, Inc., 6.88%, due 1/15/2030
408,456
(a)(e)
75,000
Graham Packaging Co., Inc., 7.13%, due 8/15/2028
73,104
(a)
1,030,000
Mauser Packaging Solutions Holding Co., 9.25%, due 4/15/2027
1,031,387
(a)
860,000
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc., 4.38%, due 10/15/2028
807,326
(a)
610,000
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC, 4.00%, due 10/15/2027
576,313
(a)
420,000
Sealed Air Corp./Sealed Air Corp. U.S., 7.25%, due 2/15/2031
437,263
(a)
405,000
Trident TPI Holdings, Inc., 12.75%, due 12/31/2028
442,719
(a)
455,000
Trivium Packaging Finance BV, 8.50%, due 8/15/2027
446,674
(a)
 
5,854,408
Pharmaceuticals 1.3%
475,000
180 Medical, Inc., 3.88%, due 10/15/2029
430,606
(a)
 
Bausch Health Cos., Inc.
595,000
6.13%, due 2/1/2027
506,006
(a)
545,000
5.75%, due 8/15/2027
444,175
(a)
760,000
4.88%, due 6/1/2028
585,276
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Pharmaceuticals – cont'd
$360,000
Grifols SA, 4.75%, due 10/15/2028
$328,464
(a)
415,000
Teva Pharmaceutical Finance Netherlands III BV, 7.88%, due 9/15/2029
448,089
 
2,742,616
Pipelines 8.7%
 
Antero Midstream Partners LP/Antero Midstream Finance Corp.
955,000
5.38%, due 6/15/2029
933,803
(a)
475,000
6.63%, due 2/1/2032
484,608
(a)
 
Blue Racer Midstream LLC/Blue Racer Finance Corp.
220,000
7.00%, due 7/15/2029
226,005
(a)
165,000
7.25%, due 7/15/2032
171,742
(a)
 
CQP Holdco LP/BIP-V Chinook Holdco LLC
890,000
5.50%, due 6/15/2031
853,633
(a)
510,000
7.50%, due 12/15/2033
539,406
(a)
1,205,000
DT Midstream, Inc., 4.13%, due 6/15/2029
1,126,445
(a)
 
EQM Midstream Partners LP
205,000
7.50%, due 6/1/2027
210,610
(a)
5,000
5.50%, due 7/15/2028
4,975
135,000
6.38%, due 4/1/2029
137,811
(a)
405,000
7.50%, due 6/1/2030
437,091
(a)
 
Genesis Energy LP/Genesis Energy Finance Corp.
580,000
8.25%, due 1/15/2029
603,417
255,000
8.88%, due 4/15/2030
269,975
438,000
7.88%, due 5/15/2032
447,260
 
Harvest Midstream I LP
735,000
7.50%, due 9/1/2028
752,162
(a)
275,000
7.50%, due 5/15/2032
282,939
(a)
 
Hess Midstream Operations LP
530,000
6.50%, due 6/1/2029
540,348
(a)
215,000
5.50%, due 10/15/2030
208,867
(a)
955,000
Howard Midstream Energy Partners LLC, 7.38%, due 7/15/2032
983,576
(a)
690,000
ITT Holdings LLC, 6.50%, due 8/1/2029
647,455
(a)
1,125,000
Kinetik Holdings LP, 5.88%, due 6/15/2030
1,113,625
(a)
240,000
New Fortress Energy, Inc., 8.75%, due 3/15/2029
217,622
(a)
 
NGL Energy Operating LLC/NGL Energy Finance Corp.
265,000
8.13%, due 2/15/2029
268,566
(a)
285,000
8.38%, due 2/15/2032
291,228
(a)
360,000
Northriver Midstream Finance LP, 6.75%, due 7/15/2032
362,029
(a)
305,000
NuStar Logistics LP, 6.00%, due 6/1/2026
305,319
360,000
Prairie Acquiror LP, 9.00%, due 8/1/2029
371,190
(a)
 
Rockies Express Pipeline LLC
160,000
4.80%, due 5/15/2030
149,487
(a)
415,000
7.50%, due 7/15/2038
434,888
(a)
455,000
6.88%, due 4/15/2040
447,527
(a)
 
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
565,000
6.00%, due 3/1/2027
560,932
(a)
455,000
7.38%, due 2/15/2029
460,968
(a)
155,000
6.00%, due 12/31/2030
146,874
(a)
315,000
6.00%, due 9/1/2031
296,925
(a)
 
Venture Global Calcasieu Pass LLC
420,000
3.88%, due 8/15/2029
388,324
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Pipelines – cont'd
$400,000
4.13%, due 8/15/2031
$363,620
(a)
 
Venture Global LNG, Inc.
665,000
8.13%, due 6/1/2028
692,556
(a)
775,000
9.50%, due 2/1/2029
862,179
(a)
605,000
7.00%, due 1/15/2030
611,318
(a)
255,000
8.38%, due 6/1/2031
267,971
(a)
235,000
9.88%, due 2/1/2032
260,870
(a)
 
18,736,146
Real Estate 0.5%
191,000
Anywhere Real Estate Group LLC/Realogy Co.-Issuer Corp., 5.75%, due 1/15/2029
131,289
(a)
330,000
Cushman & Wakefield U.S. Borrower LLC, 8.88%, due 9/1/2031
354,933
(a)
505,000
Greystar Real Estate Partners LLC, 7.75%, due 9/1/2030
535,493
(a)
 
1,021,715
Real Estate Investment Trusts 5.1%
420,000
Blackstone Mortgage Trust, Inc., 3.75%, due 1/15/2027
385,532
(a)
260,000
EPR Properties, 3.75%, due 8/15/2029
237,961
 
Iron Mountain, Inc.
410,000
5.25%, due 3/15/2028
401,704
(a)
245,000
5.00%, due 7/15/2028
237,502
(a)
375,000
4.88%, due 9/15/2029
358,295
(a)
150,000
5.25%, due 7/15/2030
144,362
(a)
485,000
4.50%, due 2/15/2031
445,777
(a)
35,000
5.63%, due 7/15/2032
33,753
(a)
 
MPT Operating Partnership LP/MPT Finance Corp.
160,000
5.25%, due 8/1/2026
143,716
360,000
5.00%, due 10/15/2027
295,164
790,000
Necessity Retail REIT, Inc./American Finance Operating Partner LP, 4.50%, due 9/30/2028
719,260
(a)
 
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer
1,000,000
5.88%, due 10/1/2028
990,000
(a)
435,000
7.00%, due 2/1/2030
442,815
(a)
 
RHP Hotel Properties LP/RHP Finance Corp.
370,000
7.25%, due 7/15/2028
382,033
(a)
175,000
4.50%, due 2/15/2029
165,791
(a)
650,000
6.50%, due 4/1/2032
657,342
(a)
1,185,000
RLJ Lodging Trust LP, 4.00%, due 9/15/2029
1,057,433
(a)
895,000
Service Properties Trust, 8.63%, due 11/15/2031
950,998
(a)
 
Starwood Property Trust, Inc.
570,000
4.38%, due 1/15/2027
547,330
(a)
550,000
7.25%, due 4/1/2029
565,645
(a)
 
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC
1,165,000
10.50%, due 2/15/2028
1,178,337
(a)
230,000
6.50%, due 2/15/2029
172,575
(a)
455,000
XHR LP, 4.88%, due 6/1/2029
429,347
(a)
 
10,942,672
Retail 6.1%
 
1011778 BC ULC/New Red Finance, Inc.
615,000
3.88%, due 1/15/2028
578,234
(a)
155,000
4.38%, due 1/15/2028
147,388
(a)
1,480,000
4.00%, due 10/15/2030
1,320,122
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Retail – cont'd
 
Asbury Automotive Group, Inc.
$570,000
4.63%, due 11/15/2029
$532,618
(a)
315,000
5.00%, due 2/15/2032
290,282
(a)
 
Bath & Body Works, Inc.
655,000
6.63%, due 10/1/2030
661,221
(a)
150,000
6.95%, due 3/1/2033
146,392
 
Carvana Co.
1,000,146
9.00% Cash/12.00% PIK, due 12/1/2028
1,080,433
(a)(d)
525,000
9.00% Cash/14.00% PIK, due 6/1/2031
611,335
(a)(d)
565,000
Cougar JV Subsidiary LLC, 8.00%, due 5/15/2032
591,183
(a)
495,000
Foundation Building Materials, Inc., 6.00%, due 3/1/2029
443,607
(a)
 
Gap, Inc.
885,000
3.63%, due 10/1/2029
773,574
(a)
175,000
3.88%, due 10/1/2031
147,000
(a)
255,000
Group 1 Automotive, Inc., 6.38%, due 1/15/2030
257,192
(a)
820,000
GYP Holdings III Corp., 4.63%, due 5/1/2029
774,071
(a)
315,000
Ken Garff Automotive LLC, 4.88%, due 9/15/2028
297,844
(a)
 
LCM Investments Holdings II LLC
710,000
4.88%, due 5/1/2029
668,626
(a)
345,000
8.25%, due 8/1/2031
361,818
(a)
 
Macy's Retail Holdings LLC
210,000
5.88%, due 4/1/2029
205,108
(a)
105,000
5.88%, due 3/15/2030
100,782
(a)
180,000
6.13%, due 3/15/2032
171,788
(a)
435,000
4.50%, due 12/15/2034
369,335
70,000
5.13%, due 1/15/2042
56,739
 
Murphy Oil USA, Inc.
315,000
4.75%, due 9/15/2029
301,351
120,000
3.75%, due 2/15/2031
106,555
(a)
420,000
Nordstrom, Inc., 5.00%, due 1/15/2044
336,095
 
PetSmart, Inc./PetSmart Finance Corp.
435,000
4.75%, due 2/15/2028
408,697
(a)
435,000
7.75%, due 2/15/2029
422,198
(a)
 
Walgreens Boots Alliance, Inc.
165,000
4.50%, due 11/18/2034
131,204
170,000
4.80%, due 11/18/2044
127,460
360,000
White Cap Buyer LLC, 6.88%, due 10/15/2028
356,400
(a)
470,000
Yum! Brands, Inc., 4.63%, due 1/31/2032
438,311
 
13,214,963
Software 3.0%
1,560,000
AthenaHealth Group, Inc., 6.50%, due 2/15/2030
1,470,822
(a)
350,000
Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc., 8.00%, due 6/15/2029
359,026
(a)
150,000
Central Parent, Inc./CDK Global, Inc., 7.25%, due 6/15/2029
151,287
(a)
 
Cloud Software Group, Inc.
1,035,000
6.50%, due 3/31/2029
1,008,863
(a)
625,000
9.00%, due 9/30/2029
621,504
(a)
315,000
8.25%, due 6/30/2032
326,813
(a)
70,000
Open Text Corp., 3.88%, due 12/1/2029
63,541
(a)
 
Open Text Holdings, Inc.
490,000
4.13%, due 2/15/2030
446,926
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Software – cont'd
$335,000
4.13%, due 12/1/2031
$298,240
(a)
522,300
Rackspace Finance LLC, 3.50%, due 5/15/2028
226,204
(a)
1,330,000
UKG, Inc., 6.88%, due 2/1/2031
1,367,020
(a)
145,000
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, due 2/1/2029
132,459
(a)
 
6,472,705
Telecommunications 4.4%
 
Altice France SA
1,050,000
8.13%, due 2/1/2027
849,181
(a)
530,000
5.50%, due 10/15/2029
372,727
(a)
350,000
Ciena Corp., 4.00%, due 1/31/2030
321,389
(a)
330,000
CommScope LLC, 6.00%, due 3/1/2026
309,764
(a)
185,000
CommScope Technologies LLC, 6.00%, due 6/15/2025
173,669
(a)
 
Consolidated Communications, Inc.
220,000
5.00%, due 10/1/2028
190,422
(a)
435,000
6.50%, due 10/1/2028
391,770
(a)
 
Frontier Communications Holdings LLC
305,000
5.88%, due 10/15/2027
301,998
(a)
325,000
5.00%, due 5/1/2028
312,995
(a)
820,000
5.88%, due 11/1/2029
737,999
895,000
8.75%, due 5/15/2030
937,630
(a)
290,000
8.75%, due 5/15/2030
303,813
(i)
 
Iliad Holding SASU
1,230,000
7.00%, due 10/15/2028
1,233,218
(a)
65,000
8.50%, due 4/15/2031
67,719
(a)
 
Level 3 Financing, Inc.
506,973
11.00%, due 11/15/2029
536,702
(a)
739,000
10.50%, due 5/15/2030
755,258
(a)
 
Telecom Italia Capital SA
145,000
7.20%, due 7/18/2036
144,717
145,000
7.72%, due 6/4/2038
147,356
 
Viasat, Inc.
215,000
5.63%, due 4/15/2027
202,073
(a)
225,000
6.50%, due 7/15/2028
183,171
(a)
540,000
Vmed O2 U.K. Financing I PLC, 4.75%, due 7/15/2031
463,609
(a)
 
Zayo Group Holdings, Inc.
405,000
4.00%, due 3/1/2027
344,398
(a)
210,000
6.13%, due 3/1/2028
143,374
(a)
 
9,424,952
Transportation 0.9%
130,000
Genesee & Wyoming, Inc., 6.25%, due 4/15/2032
131,550
(a)
485,000
Watco Cos. LLC/Watco Finance Corp., 7.13%, due 8/1/2032
496,712
(a)
1,250,000
XPO, Inc., 7.13%, due 2/1/2032
1,292,774
(a)
 
1,921,036
Trucking & Leasing 1.0%
425,000
AerCap Global Aviation Trust, 6.50%, due 6/15/2045
424,449
(a)(f)
 
Fortress Transportation & Infrastructure Investors LLC
210,000
7.88%, due 12/1/2030
222,601
(a)
930,000
7.00%, due 5/1/2031
958,845
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Trucking & Leasing – cont'd
$560,000
7.00%, due 6/15/2032
$577,539
(a)
 
2,183,434
Total Corporate Bonds (Cost $269,346,810)
272,169,644
Loan Assignments(b) 5.1%
Automotive 0.1%
210,585
First Brands Group LLC, Second Lien Term Loan, (3 mo. USD Term SOFR + 8.50%), 14.01%, due
3/30/2028
200,056
(j)
Building Materials 0.1%
255,000
Cornerstone Building Brands, Inc., 2024 Term Loan B, (1 mo. USD Term SOFR + 4.50%), 9.83%, due
5/2/2031
246,712
Business Equipment & Services 0.1%
150,000
Veritiv Corp., Term Loan B, (3 mo. USD Term SOFR + 4.50%), 9.83%, due 11/30/2030
150,095
Commercial Services 0.1%
159,194
Neptune Bidco U.S., Inc., Term Loan B, (3 mo. USD Term SOFR + 5.00%), 10.40%, due 4/11/2029
149,642
Construction & Engineering 0.1%
 
Groundworks LLC
245,198
Term Loan, (1 mo. USD Term SOFR + 3.50%), 8.83%, due 3/14/2031
245,443
7,221
Term Loan, (1 mo. USD Term SOFR + 3.50%), 8.83%, due 3/14/2031
7,228
 
252,671
Containers & Glass Products 0.2%
347,375
Trident TPI Holdings, Inc., Term Loan B6, (3 mo. USD Term SOFR + 4.00%), 9.33%, due 9/15/2028
349,095
Diversified Insurance 0.1%
304,212
Gainwell Acquisition Corp., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 9.43%, due 10/1/2027
269,988
Electronics - Electrical 0.8%
293,495
Cloudera, Inc., Term Loan, (1 mo. USD Term SOFR + 3.75%), 9.19%, due 10/8/2028
284,323
453,939
Rackspace Finance LLC, First Lien Term Loan, (1 mo. USD Term SOFR + 6.25%), 11.70%, due
5/15/2028
458,479
294,244
RealPage, Inc., First Lien Term Loan, (1 mo. USD Term SOFR + 3.00%), 8.46%, due 4/24/2028
286,458
565,000
VS Buyer LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 8.58%, due 4/11/2031
566,768
 
1,596,028
Health Care 0.9%
 
Aveanna Healthcare LLC
477,546
Term Loan B, (3 mo. USD Term SOFR + 3.75%), 9.20%, due 7/17/2028
456,176
500,000
Second Lien Term Loan, (3 mo. USD Term SOFR + 7.00%), 12.50%, due 12/10/2029
456,250
 
National Mentor Holdings, Inc.
319,152
Term Loan, (1 mo. USD Term SOFR + 3.75%, 3 mo. USD Term SOFR + 3.75%), 9.18% – 9.19%,
due 3/2/2028
300,162
(k)
9,199
Term Loan C, (3 mo. USD Term SOFR + 3.75%), 9.18%, due 3/2/2028
8,652
717,361
Parexel International Corp., Term Loan B, (1 mo. USD Term SOFR + 3.00%), 8.34%, due 11/15/2028
719,786
 
1,941,026
Home Furnishings 0.1%
318,989
Weber-Stephen Products LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 8.71%, due
10/30/2027
294,239
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Industrial Equipment 0.3%
$677,604
Engineered Machinery Holdings, Inc., Second Lien Term Loan, (3 mo. USD Term SOFR + 6.00%),
11.60%, due 5/21/2029
$674,216
Insurance 0.2%
375,000
Truist Insurance Holdings LLC, Second Lien Term Loan, (3 mo. USD Term SOFR + 4.75%), 10.08%,
due 5/6/2032
384,776
Life Sciences Tools & Services 0.3%
703,238
Star Parent, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.75%), 9.08%, due 9/27/2030
703,955
Oil & Gas 0.1%
294,263
Prairie ECI Acquiror LP, Term Loan, (1 mo. USD Term SOFR + 4.75%), 10.09%, due 8/1/2029
294,115
Pipelines 0.4%
915,400
New Fortress Energy, Inc., Term Loan, (3 mo. USD Term SOFR + 5.00%), 10.25%, due 10/27/2028
901,101
Trading Companies & Distributors 0.4%
480,976
Fastlane Parent Co., Inc., Term Loan B, (1 mo. USD Term SOFR + 4.50%), 9.84%, due 9/29/2028
479,784
430,000
Johnstone Supply LLC, Term Loan, (1 mo. USD Term SOFR + 3.00%), 8.33%, due 6/7/2031
430,860
(h)(l)
 
910,644
Utilities 0.8%
 
Lightstone Holdco LLC
1,265,351
Term Loan B, (3 mo. USD Term SOFR + 5.75%), 11.00%, due 1/29/2027
1,262,188
71,567
Term Loan C, (3 mo. USD Term SOFR + 5.75%), 11.00%, due 1/29/2027
71,388
300,000
USIC Holdings, Inc., Term Loan, (1 mo. USD Term SOFR + 3.50%, 3 mo. USD Term SOFR + 3.50%),
9.05% – 9.10%, due 5/12/2028
290,250
(k)
 
1,623,826
Total Loan Assignments (Cost $10,767,716)
10,942,185
Convertible Bonds 0.1%
Media 0.1%
292,000
DISH Network Corp., 3.38%, due 8/15/2026 (Cost $300,441)
177,363
Number of Shares
 
Short-Term Investments 4.1%
Investment Companies 4.1%
 
8,806,354
State Street Institutional U.S. Government Money Market Fund Premier Class, 5.26%(m) 
(Cost $8,806,354)
8,806,354
Total Investments 136.8% (Cost $292,213,821)
295,115,176
Liabilities Less Other Assets (18.3)%
(39,357,889
)(n)
Liquidation Preference of Mandatory Redeemable Preferred Shares (net of unamortized deferred issuance cost of
$48,911) (18.5)%
(39,951,089
)(o)
Net Assets Applicable to Common Stockholders 100.0%
$215,806,198
 
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
(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 July 31, 2024, these
securities amounted to $252,701,269, which represents 117.1% 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 July 31, 2024 and
changes periodically.
(c)
Represents less than 0.05% of net assets applicable to common stockholders of the Fund.
(d)
Payment-in-kind (PIK) security.
(e)
When-issued security. Total value of all such securities at July 31, 2024 amounted to $4,522,650, which
represents 2.1% of net assets applicable to common stockholders of the Fund.
(f)
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.
(g)
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.
(h)
All or a portion of this security was purchased on a delayed delivery basis.
(i)
Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended.
Regulation S applies to securities offerings that are made outside of the United States and do not involve
directed selling efforts in the United States and as such may have restrictions on resale. Total value of all
such securities at July 31, 2024 amounted to $446,703, which represents 0.2% of net assets applicable to
common stockholders of the Fund.
(j)
Value determined using significant unobservable inputs.
(k)
The stated interest rates represent the range of rates at July 31, 2024 of the underlying contracts within the
Loan Assignment.
(l)
All or a portion of this security had not settled as of July 31, 2024 and thus may not have an interest rate in
effect. Interest rates do not take effect until settlement.
(m)
Represents 7-day effective yield as of July 31, 2024.
(n)
As of July 31, 2024, the value of unfunded loan commitments was $37,946 for the Fund (see Notes to
Schedule of Investments).
(o)
Fair valued as of July 31, 2024 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
$248,079,183
115.0%
Canada
12,140,291
5.6%
France
4,787,520
2.2%
United Kingdom
3,520,520
1.6%
Cayman Islands
2,262,892
1.0%
Germany
2,114,239
1.0%
Netherlands
2,113,746
1.0%
Australia
1,835,814
0.9%
Luxembourg
1,404,772
0.7%
Japan
1,256,462
0.6%
Mexico
903,294
0.4%
Czech Republic
806,000
0.4%
Ireland
782,301
0.4%
Bermuda
756,738
0.3%
Switzerland
752,192
0.3%
Poland
592,262
0.3%
Finland
512,281
0.2%
Israel
448,089
0.2%
Zambia
331,300
0.2%
Spain
328,464
0.2%
Italy
292,073
0.1%
Chile
288,389
0.1%
Liquidation Preference of Mandatory Redeemable Preferred Shares (net of
unamortized deferred issuance cost of $48,911)
(39,951,089)
(18.5)%
Short-Term Investments and Other Liabilities—Net
(30,551,535)
(14.2)%
 
$215,806,198
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 July 31, 2024: 
Asset Valuation Inputs
Level 1
Level 2
Level 3(a)
Total
Investments:
 
 
 
 
Asset-Backed Securities
$—
$3,019,630
$—
$3,019,630
Corporate Bonds#
—
272,169,644
—
272,169,644
Loan Assignments
Automotive
—
—
200,056
200,056
Other Loan Assignments#
—
10,742,129
—
10,742,129
Total Loan Assignments
—
10,742,129
200,056
10,942,185
Convertible Bonds#
—
177,363
—
177,363
Short-Term Investments
—
8,806,354
—
8,806,354
Total Investments
$—
$294,915,120
$200,056
$295,115,176
 
#
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 11/1/2023
Accrued
discounts/
(premiums)
Realized
gain/(loss)
Change
in unrealized
appreciation/
(depreciation)
Purchases
Sales
Transfers
into
Level 3
Transfers
out of
Level 3
Balance
as of
7/31/2024
Net change in
unrealized
appreciation/
(depreciation)
from
investments
still held as of
7/31/2024
Investments in
Securities:
 
 
 
 
 
 
 
 
 
 
Loan Assignments(1)
$657
$—
$(1
)
$(8
)
$308
$(99
)
$—
$(657
)
$200
$(8
)
Total
$657
$—
$(1
)
$(8
)
$308
$(99
)
$—
$(657
)
$200
$(8
)
(1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The
Fund does not have access to significant unobservable inputs and therefore cannot disclose such
inputs used in formulating such quotation.
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 July 31, 2024: 
Other Financial Instruments
Level 1
Level 2
Level 3
Total
Mandatory Redeemable Preferred Shares(a)
$—
$(40,000,000
)
$—
$(40,000,000
)
Total Mandatory Redeemable Preferred Shares
$—
$(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
July 31, 2024
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 Berman 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 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”).
Convertible Bonds. Inputs used to value convertible bonds generally include underlying stock data, conversion rates, credit-specific details, relevant listed bond and preferred stock prices and 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 and Mortgage-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.
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). 
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)
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. 
The Fund may enter into certain credit agreements all or a portion of which may be unfunded. The Fund is obligated to fund these commitments at the borrower’s discretion. As of July 31, 2024, the value of unfunded loan commitments was $37,946, pursuant to the following loan agreement:  
Borrower
Principal
Amount
Value
Groundworks LLC, Term Loan DD, (3 mo. USD Term SOFR + 0.50%), 0.50%, due 3/14/2031(a)
$37,908
$37,946
 
(a)
Position is a delayed draw term loan which may be partially or fully unfunded. In accordance with the
underlying credit agreement, the interest rate shown reflects the unfunded rate as of July 31, 2024.
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
 
Other Abbreviations:
Management
= Neuberger Berman Investment Advisers LLC
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.
Neuberger Berman High Yi... (AMEX:NHS)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024 Haga Click aquí para más Gráficas Neuberger Berman High Yi....
Neuberger Berman High Yi... (AMEX:NHS)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024 Haga Click aquí para más Gráficas Neuberger Berman High Yi....