Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited) 
July 31, 2023

 
Principal Amount
Value
Asset-Backed Securities 6.3%
$1,500,000
AGL Core CLO 4 Ltd., Series 2020-4A, Class A1R, (3 mo. USD Term SOFR + 1.33%), 6.66%, due
4/20/2033
$1,488,748
(a)(b)
500,000
Ares LIV CLO Ltd., Series 2019-54A, Class E, (3 mo. USD Term SOFR + 7.60%), 12.91%, due
10/15/2032
468,982
(a)(b)
1,500,000
Balboa Bay Loan Funding Ltd., Series 2021-1A, Class A, (3 mo. USD Term SOFR + 1.46%), 6.79%,
due 7/20/2034
1,486,286
(a)(b)
250,000
Barings CLO Ltd., Series 2017-1A, Class E, (3 mo. USD Term SOFR + 6.26%), 11.57%, due 7/18/2029
236,978
(a)(b)
625,000
Benefit Street Partners CLO XXX Ltd., Series 2023-30A, Class D, (3 mo. USD Term SOFR + 5.60%),
10.95%, due 4/25/2036
623,028
(a)(b)
1,000,000
Canyon Capital CLO Ltd., Series 2021-2A, Class D, (3 mo. USD Term SOFR + 3.61%), 8.92%, due
4/15/2034
936,538
(a)(b)
350,000
Cedar Funding X CLO Ltd., Series 2019-10A, Class ER, (3 mo. USD Term SOFR + 6.76%), 12.09%,
due 10/20/2032
323,258
(a)(b)
250,000
Crown City CLO II, Series 2020-2A, Class DR, (3 mo. USD Term SOFR + 7.11%), 12.44%, due
4/20/2035
227,732
(a)(b)
500,000
Galaxy XXII CLO Ltd., Series 2016-22A, Class DRR, (3 mo. USD Term SOFR + 3.61%), 8.92%, due
4/16/2034
464,966
(a)(b)
1,500,000
Gulf Stream Meridian 7 Ltd., Series 2022-7A, Class A1, (3 mo. USD Term SOFR + 1.36%), 6.67%,
due 7/15/2035
1,479,375
(a)(b)
1,000,000
KKR CLO Ltd., Series 23, Class D, (3 mo. USD Term SOFR + 3.36%), 8.69%, due 10/20/2031
952,972
(a)(b)
500,000
Madison Park Funding XXIX Ltd., Series 2018-29A, Class D, (3 mo. USD Term SOFR + 3.26%),
8.57%, due 10/18/2030
481,694
(a)(b)
1,000,000
Morgan Stanley Eaton Vance CLO Ltd., Series 2022-17A, Class D, (3 mo. USD Term SOFR + 4.95%),
10.28%, due 7/20/2035
990,005
(a)(b)
1,000,000
Octagon Investment Partners 39 Ltd., Series 2018-3A, Class D, (3 mo. USD Term SOFR + 3.21%),
8.54%, due 10/20/2030
936,238
(a)(b)
1,500,000
Trestles CLO IV Ltd., Series 2021-4A, Class A, (3 mo. USD Term SOFR + 1.43%), 6.77%, due
7/21/2034
1,470,529
(a)(b)
500,000
TSTAT Ltd., Series 2022-1A, Class E, (3 mo. USD Term SOFR + 8.50%), 13.83%, due 7/20/2031
500,629
(a)(b)
250,000
Voya CLO Ltd., Series 2019-2A, Class E, (3 mo. USD Term SOFR + 6.86%), 12.19%, due 7/20/2032
234,262
(a)(b)
Total Asset-Backed Securities (Cost $13,191,097)
13,302,220
Corporate Bonds 138.1%
Advertising 0.2%
595,000
Summer BC Bidco B LLC, 5.50%, due 10/31/2026
506,711
(a)
Aerospace & Defense 2.2%
 
TransDigm, Inc.
655,000
6.25%, due 3/15/2026
651,474
(a)
420,000
6.38%, due 6/15/2026
415,704
505,000
7.50%, due 3/15/2027
504,798
1,525,000
5.50%, due 11/15/2027
1,445,418
1,605,000
6.75%, due 8/15/2028
1,609,789
(a)
 
4,627,183
Agriculture 0.1%
140,000
Darling Ingredients, Inc., 6.00%, due 6/15/2030
137,896
(a)
Airlines 6.2%
515,000
Air Canada, 3.88%, due 8/15/2026
477,899
(a)
620,000
American Airlines, Inc., 7.25%, due 2/15/2028
615,534
(a)
 
American Airlines, Inc./AAdvantage Loyalty IP Ltd.
5,082,917
5.50%, due 4/20/2026
5,006,734
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Airlines – cont'd
$2,715,000
5.75%, due 4/20/2029
$2,628,442
(a)
135,000
Delta Air Lines, Inc., 7.38%, due 1/15/2026
140,147
 
Latam Airlines Group SA
285,000
13.38%, due 10/15/2027
310,650
(a)
335,000
13.38%, due 10/15/2029
366,762
(a)
 
United Airlines, Inc.
400,000
4.38%, due 4/15/2026
378,735
(a)
435,000
4.63%, due 4/15/2029
393,530
(a)
 
VistaJet Malta Finance PLC/Vista Management Holding, Inc.
1,615,000
7.88%, due 5/1/2027
1,497,456
(a)
415,000
9.50%, due 6/1/2028
396,342
(a)
1,025,000
6.38%, due 2/1/2030
867,632
(a)
 
13,079,863
Apparel 0.1%
345,000
Wolverine World Wide, Inc., 4.00%, due 8/15/2029
271,015
(a)
Auto Manufacturers 4.1%
 
Ford Motor Co.
250,000
9.63%, due 4/22/2030
291,777
935,000
7.45%, due 7/16/2031
1,003,346
300,000
6.10%, due 8/19/2032
290,242
395,000
4.75%, due 1/15/2043
309,039
415,000
7.40%, due 11/1/2046
432,739
 
Ford Motor Credit Co. LLC
200,000
5.58%, due 3/18/2024
198,587
590,000
4.06%, due 11/1/2024
572,512
350,000
4.69%, due 6/9/2025
339,273
115,000
5.13%, due 6/16/2025
111,970
845,000
4.39%, due 1/8/2026
803,005
1,025,000
6.95%, due 3/6/2026
1,035,106
510,000
(Secured Overnight Financing Rate + 2.95%), 8.14%, due 3/6/2026
511,513
(b)
450,000
6.95%, due 6/10/2026
453,600
70,000
4.13%, due 8/17/2027
64,054
545,000
7.35%, due 11/4/2027
558,503
210,000
6.80%, due 5/12/2028
211,930
360,000
5.11%, due 5/3/2029
336,157
280,000
7.35%, due 3/6/2030
289,861
435,000
7.20%, due 6/10/2030
446,049
200,000
3.63%, due 6/17/2031
165,323
225,000
Jaguar Land Rover Automotive PLC, 5.88%, due 1/15/2028
210,296
(a)
 
8,634,882
Auto Parts & Equipment 3.9%
 
Adient Global Holdings Ltd.
630,000
4.88%, due 8/15/2026
604,862
(a)
415,000
8.25%, due 4/15/2031
426,620
(a)
 
Dana, Inc.
450,000
5.38%, due 11/15/2027
430,922
475,000
4.50%, due 2/15/2032
395,957
830,000
Dealer Tire LLC/DT Issuer LLC, 8.00%, due 2/1/2028
763,332
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Auto Parts & Equipment – cont'd
 
Goodyear Tire & Rubber Co.
$575,000
5.00%, due 7/15/2029
$530,211
1,150,000
5.25%, due 7/15/2031
1,023,512
755,000
5.63%, due 4/30/2033
676,138
2,165,000
IHO Verwaltungs GmbH, 4.75% Cash/5.50% PIK, due 9/15/2026
1,994,119
(a)(c)
 
ZF North America Capital, Inc.
390,000
6.88%, due 4/14/2028
396,098
(a)
845,000
7.13%, due 4/14/2030
870,419
(a)
 
8,112,190
Banks 1.1%
450,000
Bank of America Corp., Series TT, 6.13%, due 4/27/2027
446,985
(d)(e)
425,000
Bank of New York Mellon Corp., Series H, 3.70%, due 3/20/2026
384,921
(d)(e)
1,185,000
JPMorgan Chase & Co., Series HH, 4.60%, due 2/1/2025
1,119,825
(d)(e)
375,000
PNC Financial Services Group, Inc., Series T, 3.40%, due 9/15/2026
290,625
(d)(e)
 
2,242,356
Biotechnology 0.1%
425,000
Amgen, Inc., 3.38%, due 2/21/2050
305,189
Building Materials 4.4%
565,000
Builders FirstSource, Inc., 6.38%, due 6/15/2032
562,095
(a)
1,365,000
Camelot Return Merger Sub, Inc., 8.75%, due 8/1/2028
1,331,264
(a)
510,000
Cornerstone Building Brands, Inc., 6.13%, due 1/15/2029
422,025
(a)
580,000
Emerald Debt Merger Sub LLC, 6.63%, due 12/15/2030
576,375
(a)
1,790,000
Jeld-Wen, Inc., 4.88%, due 12/15/2027
1,606,525
(a)
915,000
Knife River Corp., 7.75%, due 5/1/2031
933,068
(a)
 
Masonite International Corp.
1,660,000
5.38%, due 2/1/2028
1,581,150
(a)
170,000
3.50%, due 2/15/2030
143,187
(a)
665,000
MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, due 2/1/2030
561,925
(a)
 
Standard Industries, Inc.
1,050,000
4.38%, due 7/15/2030
911,489
(a)
815,000
3.38%, due 1/15/2031
658,157
(a)
 
9,287,260
Chemicals 5.0%
325,000
Ashland, Inc., 3.38%, due 9/1/2031
263,533
(a)
1,445,000
Avient Corp., 7.13%, due 8/1/2030
1,456,647
(a)
1,065,000
INEOS Finance PLC, 6.75%, due 5/15/2028
1,015,957
(a)
1,180,000
INEOS Quattro Finance 2 PLC, 3.38%, due 1/15/2026
1,073,142
(a)
 
NOVA Chemicals Corp.
835,000
4.88%, due 6/1/2024
813,991
(a)
391,000
5.25%, due 6/1/2027
352,143
(a)
 
Olympus Water U.S. Holding Corp.
700,000
4.25%, due 10/1/2028
561,009
(a)
545,000
9.75%, due 11/15/2028
527,287
(a)
680,000
SCIH Salt Holdings, Inc., 4.88%, due 5/1/2028
608,411
(a)
400,000
SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, due 11/1/2026
367,663
(a)
 
SPCM SA
160,000
3.13%, due 3/15/2027
143,522
(a)
65,000
3.38%, due 3/15/2030
53,845
(a)
635,000
Tronox, Inc., 4.63%, due 3/15/2029
526,401
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Chemicals – cont'd
$1,020,000
Vibrantz Technologies, Inc., 9.00%, due 2/15/2030
$832,575
(a)
2,380,000
WR Grace Holdings LLC, 5.63%, due 8/15/2029
2,008,458
(a)
 
10,604,584
Commercial Services 4.2%
355,000
Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.00%, due 6/1/2029
270,803
(a)
1,315,000
APX Group, Inc., 5.75%, due 7/15/2029
1,141,572
(a)
125,000
ASGN, Inc., 4.63%, due 5/15/2028
114,619
(a)
 
Garda World Security Corp.
50,000
7.75%, due 2/15/2028
49,737
(a)
345,000
6.00%, due 6/1/2029
287,061
(a)
365,000
Hertz Corp., 4.63%, due 12/1/2026
329,759
(a)
305,000
Korn Ferry, 4.63%, due 12/15/2027
286,785
(a)
625,000
Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc., 5.00%, due 2/1/2026
586,281
(a)
365,000
MPH Acquisition Holdings LLC, 5.50%, due 9/1/2028
318,163
(a)
1,170,000
Neptune Bidco U.S., Inc., 9.29%, due 4/15/2029
1,076,230
(a)
 
Prime Security Services Borrower LLC/Prime Finance, Inc.
1,495,000
5.75%, due 4/15/2026
1,465,718
(a)
1,010,000
6.25%, due 1/15/2028
950,845
(a)
105,000
Service Corp. International, 4.63%, due 12/15/2027
99,488
 
United Rentals North America, Inc.
150,000
4.88%, due 1/15/2028
143,115
600,000
5.25%, due 1/15/2030
571,490
1,250,000
3.75%, due 1/15/2032
1,058,677
 
8,750,343
Computers 2.5%
1,245,000
Ahead DB Holdings LLC, 6.63%, due 5/1/2028
1,074,099
(a)
885,000
McAfee Corp., 7.38%, due 2/15/2030
764,708
(a)
3,455,000
Presidio Holdings, Inc., 8.25%, due 2/1/2028
3,350,727
(a)
 
5,189,534
Cosmetics - Personal Care 0.8%
880,000
Coty, Inc., 5.00%, due 4/15/2026
849,157
(a)
880,000
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, 6.63%, due 7/15/2030
887,700
(a)
 
1,736,857
Distribution - Wholesale 2.6%
845,000
BCPE Empire Holdings, Inc., 7.63%, due 5/1/2027
803,621
(a)
1,160,000
Resideo Funding, Inc., 4.00%, due 9/1/2029
980,593
(a)
 
Ritchie Bros Holdings, Inc.
260,000
6.75%, due 3/15/2028
263,250
(a)
980,000
7.75%, due 3/15/2031
1,021,360
(a)
425,000
Univar Solutions USA, Inc., 5.13%, due 12/1/2027
435,893
(a)
1,855,000
Windsor Holdings III LLC, 8.50%, due 6/15/2030
1,864,275
(a)
 
5,368,992
Diversified Financial Services 2.2%
880,000
Avolon Holdings Funding Ltd., 5.25%, due 5/15/2024
868,401
(a)
904,067
Global Aircraft Leasing Co. Ltd., 6.50% Cash/7.25% PIK, due 9/15/2024
852,002
(a)(c)
160,000
LPL Holdings, Inc., 4.00%, due 3/15/2029
143,419
(a)
 
OneMain Finance Corp.
865,000
6.13%, due 3/15/2024
862,751
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
$60,000
6.88%, due 3/15/2025
$59,801
175,000
7.13%, due 3/15/2026
173,356
555,000
6.63%, due 1/15/2028
526,201
380,000
3.88%, due 9/15/2028
312,075
825,000
9.00%, due 1/15/2029
838,282
 
4,636,288
Electric 4.3%
 
Calpine Corp.
90,000
5.25%, due 6/1/2026
87,375
(a)
260,000
5.13%, due 3/15/2028
235,778
(a)
2,365,000
5.00%, due 2/1/2031
1,990,701
(a)
170,000
Clearway Energy Operating LLC, 3.75%, due 1/15/2032
138,943
(a)
425,000
Duke Energy Corp., 3.75%, due 9/1/2046
324,392
450,000
Leeward Renewable Energy Operations LLC, 4.25%, due 7/1/2029
398,349
(a)
 
NRG Energy, Inc.
1,255,000
10.25%, due 3/15/2028
1,216,213
(a)(d)(e)
670,000
5.25%, due 6/15/2029
604,658
(a)
595,000
3.63%, due 2/15/2031
466,941
(a)
590,000
Talen Energy Supply LLC, 8.63%, due 6/1/2030
612,349
(a)
760,000
TransAlta Corp., 7.75%, due 11/15/2029
788,500
1,105,000
Vistra Corp., 7.00%, due 12/15/2026
983,450
(a)(d)(e)
 
Vistra Operations Co. LLC
735,000
5.50%, due 9/1/2026
710,745
(a)
460,000
4.38%, due 5/1/2029
406,020
(a)
 
8,964,414
Electrical Components & Equipment 0.6%
 
Energizer Holdings, Inc.
830,000
6.50%, due 12/31/2027
806,567
(a)
530,000
4.75%, due 6/15/2028
476,062
(a)
 
1,282,629
Electronics 0.8%
1,330,000
Imola Merger Corp., 4.75%, due 5/15/2029
1,167,781
(a)
555,000
Sensata Technologies BV, 5.88%, due 9/1/2030
534,842
(a)
 
1,702,623
Energy - Alternate Sources 0.8%
1,780,000
Sunnova Energy Corp., 5.88%, due 9/1/2026
1,597,697
(a)
Engineering & Construction 1.0%
1,165,000
Global Infrastructure Solutions, Inc., 7.50%, due 4/15/2032
985,806
(a)
1,255,000
VM Consolidated, Inc., 5.50%, due 4/15/2029
1,151,582
(a)
 
2,137,388
Entertainment 6.5%
435,000
Allwyn Entertainment Financing U.K. PLC, 7.88%, due 4/30/2029
443,640
(a)
1,060,000
Caesars Entertainment, Inc., 4.63%, due 10/15/2029
933,142
(a)
720,000
Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium Op, 5.50%, due
5/1/2025
712,645
(a)
 
Churchill Downs, Inc.
305,000
4.75%, due 1/15/2028
281,935
(a)
2,620,000
6.75%, due 5/1/2031
2,560,788
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Entertainment – cont'd
$1,155,000
Everi Holdings, Inc., 5.00%, due 7/15/2029
$1,016,400
(a)
255,000
Lions Gate Capital Holdings LLC, 5.50%, due 4/15/2029
174,466
(a)
 
Live Nation Entertainment, Inc.
1,055,000
6.50%, due 5/15/2027
1,060,377
(a)
615,000
4.75%, due 10/15/2027
571,181
(a)
160,000
3.75%, due 1/15/2028
143,322
(a)
370,000
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, due 5/1/2029
328,634
(a)
455,000
Penn Entertainment, Inc., 5.63%, due 1/15/2027
427,948
(a)
935,000
Raptor Acquisition Corp./Raptor Co.-Issuer LLC, 4.88%, due 11/1/2026
876,598
(a)
1,220,000
Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc., 6.63%, due 3/1/2030
1,080,993
(a)
 
Scientific Games International, Inc.
425,000
7.00%, due 5/15/2028
423,470
(a)
330,000
7.25%, due 11/15/2029
329,175
(a)
1,185,000
SeaWorld Parks & Entertainment, Inc., 5.25%, due 8/15/2029
1,066,500
(a)
355,000
Warnermedia Holdings, Inc., 5.14%, due 3/15/2052
288,556
665,000
WMG Acquisition Corp., 3.75%, due 12/1/2029
580,705
(a)
345,000
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 5.13%, due 10/1/2029
312,183
(a)
 
13,612,658
Environmental Control 0.6%
160,000
Clean Harbors, Inc., 5.13%, due 7/15/2029
152,380
(a)
300,000
Enviri Corp., 5.75%, due 7/31/2027
259,125
(a)
405,000
GFL Environmental, Inc., 4.38%, due 8/15/2029
361,125
(a)
695,000
Madison IAQ LLC, 5.88%, due 6/30/2029
582,956
(a)
 
1,355,586
Food 3.8%
 
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC
125,000
5.88%, due 2/15/2028
121,719
(a)
1,065,000
6.50%, due 2/15/2028
1,060,814
(a)
350,000
3.50%, due 3/15/2029
304,693
(a)
330,000
4.88%, due 2/15/2030
302,775
(a)
 
Performance Food Group, Inc.
1,120,000
5.50%, due 10/15/2027
1,084,492
(a)
525,000
4.25%, due 8/1/2029
466,367
(a)
 
Pilgrim's Pride Corp.
645,000
4.25%, due 4/15/2031
557,923
1,260,000
3.50%, due 3/1/2032
1,017,198
1,155,000
6.25%, due 7/1/2033
1,146,953
995,000
TreeHouse Foods, Inc., 4.00%, due 9/1/2028
868,884
1,220,000
U.S. Foods, Inc., 4.75%, due 2/15/2029
1,122,104
(a)
 
8,053,922
Forest Products & Paper 0.2%
605,000
Ahlstrom Holding 3 Oy, 4.88%, due 2/4/2028
501,608
(a)
Hand - Machine Tools 0.7%
1,500,000
Regal Rexnord Corp., 6.40%, due 4/15/2033
1,496,017
(a)
Healthcare - Products 0.7%
295,000
Hologic, Inc., 4.63%, due 2/1/2028
280,409
(a)
 
Medline Borrower LP
1,220,000
3.88%, due 4/1/2029
1,068,320
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Healthcare - Products – cont'd
$80,000
5.25%, due 10/1/2029
$70,974
(a)
 
1,419,703
Healthcare - Services 4.4%
 
Catalent Pharma Solutions, Inc.
240,000
3.13%, due 2/15/2029
200,266
(a)
240,000
3.50%, due 4/1/2030
201,000
(a)
 
CHS/Community Health Systems, Inc.
222,000
8.00%, due 12/15/2027
217,070
(a)
5,000
6.00%, due 1/15/2029
4,275
(a)
460,000
5.25%, due 5/15/2030
367,557
(a)
480,000
4.75%, due 2/15/2031
363,638
(a)
 
DaVita, Inc.
355,000
4.63%, due 6/1/2030
302,922
(a)
780,000
3.75%, due 2/15/2031
623,717
(a)
580,000
Envision Healthcare Corp., 8.75%, due 10/15/2026
15,782
(a)(f)
155,000
Fortrea Holdings, Inc., 7.50%, due 7/1/2030
158,409
(a)
170,000
HealthEquity, Inc., 4.50%, due 10/1/2029
152,280
(a)
355,000
LifePoint Health, Inc., 9.88%, due 8/15/2030
354,872
(a)(g)
 
Molina Healthcare, Inc.
615,000
4.38%, due 6/15/2028
563,910
(a)
1,025,000
3.88%, due 5/15/2032
855,082
(a)
660,000
Select Medical Corp., 6.25%, due 8/15/2026
654,376
(a)
 
Tenet Healthcare Corp.
580,000
4.88%, due 1/1/2026
561,353
440,000
5.13%, due 11/1/2027
417,821
865,000
6.13%, due 10/1/2028
823,990
570,000
6.13%, due 6/15/2030
553,898
1,435,000
6.75%, due 5/15/2031
1,425,409
(a)
490,000
U.S. Acute Care Solutions LLC, 6.38%, due 3/1/2026
428,177
(a)
 
9,245,804
Holding Companies - Diversified 0.4%
825,000
Benteler International AG, 10.50%, due 5/15/2028
836,344
(a)
Home Builders 1.7%
880,000
KB Home, 7.25%, due 7/15/2030
898,146
 
Mattamy Group Corp.
160,000
5.25%, due 12/15/2027
151,294
(a)
350,000
4.63%, due 3/1/2030
307,018
(a)
145,000
Meritage Homes Corp., 5.13%, due 6/6/2027
140,328
 
Shea Homes LP/Shea Homes Funding Corp.
1,280,000
4.75%, due 2/15/2028
1,164,800
280,000
4.75%, due 4/1/2029
248,559
570,000
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., 5.63%, due 3/1/2024
567,296
(a)
 
3,477,441
Insurance 4.8%
 
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer
2,475,000
6.75%, due 10/15/2027
2,344,330
(a)
505,000
5.88%, due 11/1/2029
446,851
(a)
595,000
AmWINS Group, Inc., 4.88%, due 6/30/2029
545,875
(a)
960,000
AssuredPartners, Inc., 5.63%, due 1/15/2029
838,004
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Insurance – cont'd
$685,000
BroadStreet Partners, Inc., 5.88%, due 4/15/2029
$611,723
(a)
2,155,000
GTCR AP Finance, Inc., 8.00%, due 5/15/2027
2,134,335
(a)
 
HUB International Ltd.
390,000
7.00%, due 5/1/2026
389,206
(a)
485,000
5.63%, due 12/1/2029
432,876
(a)
1,990,000
7.25%, due 6/15/2030
2,027,830
(a)
430,000
Ryan Specialty LLC, 4.38%, due 2/1/2030
380,439
(a)
 
10,151,469
Internet 2.3%
845,000
EquipmentShare.com, Inc., 9.00%, due 5/15/2028
837,581
(a)
 
Gen Digital, Inc.
390,000
6.75%, due 9/30/2027
391,361
(a)
470,000
7.13%, due 9/30/2030
473,636
(a)
515,000
Match Group Holdings II LLC, 5.63%, due 2/15/2029
489,344
(a)
385,000
Newfold Digital Holdings Group, Inc., 6.00%, due 2/15/2029
283,938
(a)
 
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.
435,000
4.75%, due 4/30/2027
378,604
(a)
240,000
6.00%, due 2/15/2028
189,600
(a)
645,000
10.75%, due 6/1/2028
590,668
(a)
1,335,000
Ziff Davis, Inc., 4.63%, due 10/15/2030
1,169,806
(a)
 
4,804,538
Iron - Steel 0.9%
 
ATI, Inc.
130,000
5.88%, due 12/1/2027
126,356
450,000
4.88%, due 10/1/2029
409,509
 
Carpenter Technology Corp.
75,000
6.38%, due 7/15/2028
73,854
775,000
7.63%, due 3/15/2030
790,454
595,000
TMS International Corp., 6.25%, due 4/15/2029
497,569
(a)
 
1,897,742
Leisure Time 3.8%
 
Carnival Corp.
1,690,000
9.88%, due 8/1/2027
1,766,880
(a)
745,000
6.00%, due 5/1/2029
669,672
(a)
1,080,000
Carnival Holdings Bermuda Ltd., 10.38%, due 5/1/2028
1,178,441
(a)
410,000
Carnival PLC, 7.88%, due 6/1/2027
416,191
230,000
Lindblad Expeditions Holdings, Inc., 9.00%, due 5/15/2028
237,505
(a)
50,000
Lindblad Expeditions LLC, 6.75%, due 2/15/2027
47,981
(a)
 
NCL Corp. Ltd.
30,000
5.88%, due 3/15/2026
28,388
(a)
650,000
5.88%, due 2/15/2027
632,988
(a)
555,000
NCL Finance Ltd., 6.13%, due 3/15/2028
505,050
(a)
 
Royal Caribbean Cruises Ltd.
345,000
4.25%, due 7/1/2026
320,670
(a)
1,205,000
5.50%, due 4/1/2028
1,135,709
(a)
1,070,000
7.25%, due 1/15/2030
1,081,572
(a)
 
8,021,047
Lodging 0.6%
1,325,000
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.50%, due 3/1/2025
1,300,041
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Machinery - Construction & Mining 0.6%
$635,000
Manitowoc Co., Inc., 9.00%, due 4/1/2026
$631,825
(a)
670,000
Terex Corp., 5.00%, due 5/15/2029
623,415
(a)
 
1,255,240
Machinery - Diversified 1.6%
320,000
ATS Corp., 4.13%, due 12/15/2028
286,219
(a)
 
Chart Industries, Inc.
1,700,000
7.50%, due 1/1/2030
1,742,244
(a)
95,000
9.50%, due 1/1/2031
101,887
(a)
1,060,000
SPX FLOW, Inc., 8.75%, due 4/1/2030
977,532
(a)
265,000
TK Elevator U.S. Newco, Inc., 5.25%, due 7/15/2027
247,816
(a)
 
3,355,698
Media 5.5%
 
CCO Holdings LLC/CCO Holdings Capital Corp.
1,730,000
5.50%, due 5/1/2026
1,689,006
(a)
520,000
5.00%, due 2/1/2028
480,548
(a)
1,330,000
5.38%, due 6/1/2029
1,215,426
(a)
440,000
6.38%, due 9/1/2029
420,720
(a)
140,000
4.50%, due 8/15/2030
118,622
(a)
570,000
4.25%, due 2/1/2031
468,592
(a)
325,000
7.38%, due 3/1/2031
323,148
(a)
390,000
4.75%, due 2/1/2032
321,988
(a)
 
CSC Holdings LLC
150,000
5.25%, due 6/1/2024
139,834
525,000
5.38%, due 2/1/2028
438,411
(a)
315,000
11.25%, due 5/15/2028
311,456
(a)
535,000
6.50%, due 2/1/2029
454,276
(a)
1,940,000
5.75%, due 1/15/2030
1,004,294
(a)
605,000
4.13%, due 12/1/2030
437,430
(a)
615,000
4.63%, due 12/1/2030
308,949
(a)
 
DISH DBS Corp.
240,000
7.75%, due 7/1/2026
155,160
530,000
5.25%, due 12/1/2026
434,073
(a)
710,000
5.13%, due 6/1/2029
356,775
430,000
DISH Network Corp., 11.75%, due 11/15/2027
432,828
(a)
 
McGraw-Hill Education, Inc.
400,000
5.75%, due 8/1/2028
351,200
(a)
680,000
8.00%, due 8/1/2029
584,800
(a)
445,000
Midcontinent Communications/Midcontinent Finance Corp., 5.38%, due 8/15/2027
419,734
(a)
245,000
Radiate Holdco LLC/Radiate Finance, Inc., 6.50%, due 9/15/2028
146,865
(a)
690,000
Sirius XM Radio, Inc., 3.88%, due 9/1/2031
540,240
(a)
 
11,554,375
Metal Fabricate - Hardware 0.3%
525,000
Advanced Drainage Systems, Inc., 6.38%, due 6/15/2030
519,699
(a)
Mining 4.8%
590,000
Arsenal AIC Parent LLC, 8.00%, due 10/1/2030
601,800
(a)(g)
 
First Quantum Minerals Ltd.
579,000
7.50%, due 4/1/2025
577,060
(a)
1,120,000
6.88%, due 3/1/2026
1,104,600
(a)
1,480,000
6.88%, due 10/15/2027
1,455,165
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Mining – cont'd
$2,055,000
8.63%, due 6/1/2031
$2,103,806
(a)
 
FMG Resources August 2006 Pty Ltd.
655,000
5.88%, due 4/15/2030
628,188
(a)
165,000
4.38%, due 4/1/2031
141,886
(a)
895,000
6.13%, due 4/15/2032
859,282
(a)
 
Hudbay Minerals, Inc.
1,300,000
4.50%, due 4/1/2026
1,232,763
(a)
1,365,000
6.13%, due 4/1/2029
1,307,643
(a)
 
10,012,193
Miscellaneous Manufacturer 0.5%
145,000
Amsted Industries, Inc., 5.63%, due 7/1/2027
140,650
(a)
965,000
Calderys Financing LLC, 11.25%, due 6/1/2028
992,502
(a)
 
1,133,152
Office - Business Equipment 0.4%
 
CDW LLC/CDW Finance Corp.
460,000
4.25%, due 4/1/2028
425,054
505,000
3.57%, due 12/1/2031
427,447
 
852,501
Oil & Gas 7.7%
 
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
1,770,000
7.00%, due 11/1/2026
1,731,100
(a)
190,000
9.00%, due 11/1/2027
236,902
(a)
1,110,000
8.25%, due 12/31/2028
1,102,351
(a)
250,000
5.88%, due 6/30/2029
225,674
(a)
235,000
Callon Petroleum Co., 7.50%, due 6/15/2030
228,142
(a)
860,000
Chesapeake Energy Corp., 6.75%, due 4/15/2029
856,169
(a)
 
Civitas Resources, Inc.
1,035,000
8.38%, due 7/1/2028
1,064,559
(a)
1,160,000
8.75%, due 7/1/2031
1,200,600
(a)
 
Comstock Resources, Inc.
1,467,000
6.75%, due 3/1/2029
1,368,371
(a)
2,005,000
5.88%, due 1/15/2030
1,774,796
(a)
 
Hilcorp Energy I LP/Hilcorp Finance Co.
395,000
6.25%, due 11/1/2028
378,120
(a)
1,073,000
5.75%, due 2/1/2029
992,525
(a)
118,000
6.00%, due 2/1/2031
106,860
(a)
190,000
Nabors Industries Ltd., 7.50%, due 1/15/2028
174,275
(a)
550,000
Nabors Industries, Inc., 7.38%, due 5/15/2027
537,889
(a)
1,095,000
Noble Finance II LLC, 8.00%, due 4/15/2030
1,126,481
(a)
405,000
Northern Oil & Gas, Inc., 8.13%, due 3/1/2028
401,962
(a)
 
Permian Resources Operating LLC
250,000
5.38%, due 1/15/2026
240,000
(a)
655,000
5.88%, due 7/1/2029
624,248
(a)
1,120,000
Rockcliff Energy II LLC, 5.50%, due 10/15/2029
1,025,637
(a)
790,000
Valaris Ltd., 8.38%, due 4/30/2030
808,328
(a)
 
16,204,989
Packaging & Containers 4.5%
 
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
555,000
6.00%, due 6/15/2027
547,659
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Packaging & Containers – cont'd
$115,000
4.00%, due 9/1/2029
$94,059
(a)
 
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
2,060,000
5.25%, due 8/15/2027
1,768,007
(a)
200,000
5.25%, due 8/15/2027
171,651
(a)
335,000
Ball Corp., 6.00%, due 6/15/2029
335,000
145,000
Berry Global, Inc., 5.63%, due 7/15/2027
141,446
(a)
145,000
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, due 2/1/2026
140,170
 
Mauser Packaging Solutions Holding Co.
795,000
7.88%, due 8/15/2026
792,855
(a)
1,945,000
9.25%, due 4/15/2027
1,807,002
(a)
410,000
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc., 4.38%, due 10/15/2028
362,437
(a)
50,000
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC, 4.00%, due 10/15/2027
45,030
(a)
460,000
Sealed Air Corp., 4.00%, due 12/1/2027
423,777
(a)
560,000
Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, due 2/1/2028
557,485
(a)
540,000
Trident TPI Holdings, Inc., 12.75%, due 12/31/2028
571,821
(a)
 
Trivium Packaging Finance BV
540,000
5.50%, due 8/15/2026
513,048
(a)
1,205,000
8.50%, due 8/15/2027
1,159,166
(a)
 
9,430,613
Pharmaceuticals 1.2%
480,000
180 Medical, Inc., 3.88%, due 10/15/2029
420,256
(a)
 
Bausch Health Cos., Inc.
475,000
5.50%, due 11/1/2025
427,500
(a)
250,000
9.00%, due 12/15/2025
228,892
(a)
295,000
6.13%, due 2/1/2027
193,684
(a)
155,000
5.75%, due 8/15/2027
99,646
(a)
1,200,000
Teva Pharmaceutical Finance Netherlands III BV, 7.88%, due 9/15/2029
1,249,181
 
2,619,159
Pipelines 12.9%
 
Antero Midstream Partners LP/Antero Midstream Finance Corp.
905,000
7.88%, due 5/15/2026
924,097
(a)
1,080,000
5.38%, due 6/15/2029
1,012,462
(a)
 
Buckeye Partners LP
225,000
4.13%, due 3/1/2025
216,563
(a)
420,000
4.13%, due 12/1/2027
380,100
565,000
5.85%, due 11/15/2043
436,982
825,000
5.60%, due 10/15/2044
610,500
2,100,000
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, due 6/15/2031
1,909,991
(a)
 
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
70,000
5.63%, due 5/1/2027
66,500
(a)
125,000
6.00%, due 2/1/2029
117,813
(a)
2,010,000
7.38%, due 2/1/2031
2,004,899
(a)
1,270,000
DT Midstream, Inc., 4.13%, due 6/15/2029
1,126,011
(a)
240,000
EnLink Midstream LLC, 6.50%, due 9/1/2030
241,567
(a)
 
EQM Midstream Partners LP
870,000
6.00%, due 7/1/2025
863,771
(a)
75,000
4.13%, due 12/1/2026
70,429
1,165,000
7.50%, due 6/1/2027
1,182,343
(a)
405,000
6.50%, due 7/1/2027
403,073
(a)
825,000
5.50%, due 7/15/2028
793,793
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Pipelines – cont'd
$320,000
4.50%, due 1/15/2029
$292,434
(a)
825,000
7.50%, due 6/1/2030
850,748
(a)
 
Genesis Energy LP/Genesis Energy Finance Corp.
165,000
6.50%, due 10/1/2025
163,455
30,000
6.25%, due 5/15/2026
28,628
850,000
7.75%, due 2/1/2028
826,659
360,000
8.88%, due 4/15/2030
359,076
880,000
Harvest Midstream I LP, 7.50%, due 9/1/2028
864,852
(a)
 
Howard Midstream Energy Partners LLC
870,000
6.75%, due 1/15/2027
839,232
(a)
750,000
8.88%, due 7/15/2028
766,950
(a)
970,000
ITT Holdings LLC, 6.50%, due 8/1/2029
829,589
(a)
1,165,000
Kinetik Holdings LP, 5.88%, due 6/15/2030
1,119,856
(a)
 
New Fortress Energy, Inc.
1,215,000
6.75%, due 9/15/2025
1,157,060
(a)
2,050,000
6.50%, due 9/30/2026
1,880,993
(a)
400,000
NuStar Logistics LP, 5.75%, due 10/1/2025
393,000
1,850,000
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 9.00%, due 10/15/2026
1,817,603
(a)
 
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
375,000
7.50%, due 10/1/2025
375,656
(a)
1,070,000
6.00%, due 3/1/2027
1,013,968
(a)
85,000
5.50%, due 1/15/2028
78,200
(a)
165,000
6.00%, due 9/1/2031
143,544
(a)
 
Venture Global LNG, Inc.
370,000
8.13%, due 6/1/2028
376,061
(a)
540,000
8.38%, due 6/1/2031
547,947
(a)
 
27,086,405
Real Estate 0.9%
 
Realogy Group LLC/Realogy Co.-Issuer Corp.
1,061,000
5.75%, due 1/15/2029
785,094
(a)
1,445,000
5.25%, due 4/15/2030
1,041,148
(a)
 
1,826,242
Real Estate Investment Trusts 5.7%
465,000
American Tower Corp., 2.95%, due 1/15/2051
290,595
 
EPR Properties
1,065,000
4.50%, due 4/1/2025
1,011,934
430,000
3.75%, due 8/15/2029
353,113
 
Iron Mountain, Inc.
450,000
4.88%, due 9/15/2027
422,082
(a)
1,535,000
5.25%, due 3/15/2028
1,439,849
(a)
245,000
5.00%, due 7/15/2028
226,874
(a)
470,000
4.88%, due 9/15/2029
423,949
(a)
685,000
5.63%, due 7/15/2032
617,119
(a)
235,000
MPT Operating Partnership LP/MPT Finance Corp., 4.63%, due 8/1/2029
186,663
640,000
Necessity Retail REIT, Inc./American Finance Operating Partner LP, 4.50%, due 9/30/2028
496,000
(a)
610,000
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer, 5.88%, due
10/1/2028
562,725
(a)
440,000
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, 7.50%, due
6/1/2025
442,134
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Real Estate Investment Trusts – cont'd
 
RHP Hotel Properties LP/RHP Finance Corp.
$955,000
4.75%, due 10/15/2027
$897,996
515,000
7.25%, due 7/15/2028
522,739
(a)
650,000
RLJ Lodging Trust LP, 4.00%, due 9/15/2029
544,830
(a)
335,000
SBA Communications Corp., 3.88%, due 2/15/2027
308,626
250,000
Service Properties Trust, 3.95%, due 1/15/2028
195,796
1,605,000
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, due 2/15/2028
1,595,402
(a)
166,000
VICI Properties LP/VICI Note Co., Inc., 4.25%, due 12/1/2026
156,368
(a)
 
XHR LP
885,000
6.38%, due 8/15/2025
870,097
(a)
420,000
4.88%, due 6/1/2029
365,359
(a)
 
11,930,250
Retail 4.5%
 
1011778 BC ULC/New Red Finance, Inc.
620,000
3.88%, due 1/15/2028
567,814
(a)
160,000
3.50%, due 2/15/2029
140,603
(a)
965,000
4.00%, due 10/15/2030
829,275
(a)
 
Bath & Body Works, Inc.
575,000
6.63%, due 10/1/2030
555,671
(a)
315,000
6.88%, due 11/1/2035
292,346
660,000
Beacon Roofing Supply, Inc., 6.50%, due 8/1/2030
661,650
(a)
635,000
GYP Holdings III Corp., 4.63%, due 5/1/2029
567,182
(a)
 
Macy's Retail Holdings LLC
355,000
5.88%, due 4/1/2029
329,777
(a)
440,000
5.88%, due 3/15/2030
397,364
(a)
590,000
4.50%, due 12/15/2034
430,432
135,000
5.13%, due 1/15/2042
93,150
545,000
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, due 4/1/2026
509,367
(a)
875,000
PetSmart, Inc./PetSmart Finance Corp., 7.75%, due 2/15/2029
853,527
(a)
560,000
SRS Distribution, Inc., 6.13%, due 7/1/2029
491,371
(a)
535,000
Victoria's Secret & Co., 4.63%, due 7/15/2029
401,418
(a)
1,285,000
White Cap Parent LLC, 8.25% Cash/9.00% PIK, due 3/15/2026
1,238,104
(a)(c)
 
Yum! Brands, Inc.
595,000
4.75%, due 1/15/2030
554,962
(a)
165,000
3.63%, due 3/15/2031
141,430
465,000
4.63%, due 1/31/2032
421,229
 
9,476,672
Semiconductors 0.1%
250,000
ON Semiconductor Corp., 3.88%, due 9/1/2028
226,437
(a)
Software 1.9%
1,160,000
AthenaHealth Group, Inc., 6.50%, due 2/15/2030
982,881
(a)
830,000
Central Parent, Inc./CDK Global, Inc., 7.25%, due 6/15/2029
820,857
(a)
270,000
Consensus Cloud Solutions, Inc., 6.50%, due 10/15/2028
233,551
(a)
360,000
MSCI, Inc., 4.00%, due 11/15/2029
327,599
(a)
105,000
Open Text Corp., 3.88%, due 12/1/2029
88,818
(a)
415,000
Oracle Corp., 3.60%, due 4/1/2050
294,888
 
Rackspace Technology Global, Inc.
2,380,000
3.50%, due 2/15/2028
1,064,552
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Software – cont'd
$515,000
5.38%, due 12/1/2028
$142,601
(a)
 
3,955,747
Telecommunications 4.9%
1,355,000
Altice France Holding SA, 6.00%, due 2/15/2028
504,272
(a)
 
Altice France SA
1,170,000
8.13%, due 2/1/2027
957,038
(a)
390,000
5.50%, due 1/15/2028
286,175
(a)
1,055,000
5.50%, due 10/15/2029
749,057
(a)
160,000
Ciena Corp., 4.00%, due 1/31/2030
140,016
(a)
795,000
CommScope Technologies LLC, 5.00%, due 3/15/2027
530,260
(a)
 
CommScope, Inc.
215,000
8.25%, due 3/1/2027
162,760
(a)
605,000
7.13%, due 7/1/2028
399,300
(a)
695,000
4.75%, due 9/1/2029
535,419
(a)
 
Frontier Communications Holdings LLC
325,000
5.00%, due 5/1/2028
275,408
(a)
620,000
5.88%, due 11/1/2029
454,600
865,000
8.75%, due 5/15/2030
834,539
(a)
 
Iliad Holding SASU
250,000
6.50%, due 10/15/2026
239,590
(a)
225,000
7.00%, due 10/15/2028
211,239
(a)
 
Level 3 Financing, Inc.
595,000
3.75%, due 7/15/2029
390,130
(a)
2,109,000
10.50%, due 5/15/2030
2,184,640
(a)
255,000
Lumen Technologies, Inc., 4.00%, due 2/15/2027
167,698
(a)
1,335,000
Vmed O2 U.K. Financing I PLC, 4.75%, due 7/15/2031
1,126,900
(a)
225,000
Zayo Group Holdings, Inc., 4.00%, due 3/1/2027
160,910
(a)
 
10,309,951
Transportation 0.9%
 
XPO, Inc.
1,220,000
6.25%, due 6/1/2028
1,206,899
(a)
685,000
7.13%, due 6/1/2031
693,140
(a)
 
1,900,039
Trucking & Leasing 0.4%
830,000
AerCap Global Aviation Trust, 6.50%, due 6/15/2045
810,488
(a)(d)
Water 0.2%
430,000
Solaris Midstream Holdings LLC, 7.63%, due 4/1/2026
421,561
(a)
Total Corporate Bonds (Cost $303,307,210)
290,231,225
Loan Assignments(b) 7.9%
Aerospace & Defense 0.6%
373,056
Peraton Corp., Term Loan B, (1 mo. USD Term SOFR + 3.75%), 9.17%, due 2/1/2028
369,561
862,838
TransDigm, Inc., Term Loan I, (3 mo. USD Term SOFR + 3.25%), 8.49%, due 8/24/2028
863,105
 
1,232,666
Air Transport 0.3%
617,500
American Airlines, Inc., Term Loan, (3 mo. USD Term SOFR + 4.75%), 10.34%, due 4/20/2028
638,853
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Automotive 0.4%
$756,132
First Brands Group LLC, Term Loan, (6 mo. USD Term SOFR + 5.00%), 10.88%, due 3/30/2027
$746,522
Building Materials 0.2%
420,565
Standard Industries, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 7.91%, due 9/22/2028
421,040
Business Equipment & Services 0.3%
373,111
AppLovin Corp., Term Loan B, (1 mo. USD Term SOFR + 3.10%), due 10/25/2028
372,510
(h)(i)
368,131
Tempo Acquisition LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 8.32%, due 8/31/2028
368,507
 
741,017
Chemicals & Plastics 0.3%
375,000
Ineos U.S. Finance LLC, Term Loan B, (1 mo. USD Term SOFR + 3.50%), 8.92%, due 2/18/2030
370,549
218,869
Starfruit Finco BV, Term Loan B, (3 mo. USD Term SOFR + 2.75%), 8.07%, due 10/1/2025
218,048
 
588,597
Containers & Glass Products 0.2%
350,000
Trident TPI Holdings, Inc., Term Loan, (3 mo. USD Term SOFR + 4.50%), 9.74%, due 9/15/2028
348,470
Diversified Insurance 0.3%
648,305
Gainwell Acquisition Corp., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 9.34%, due 10/1/2027
636,798
Entertainment 0.2%
368,141
Great Canadian Gaming Corp., Term Loan, (3 mo. USD LIBOR + 4.00%), 9.52%, due 11/1/2026
367,758
Financial Intermediaries 0.7%
 
Starwood Property Trust, Inc.
724,470
Term Loan B3, (1 mo. USD Term SOFR + 3.25%), 8.67%, due 7/26/2026
719,942
746,250
Term Loan B, (1 mo. USD Term SOFR + 3.25%), 8.57%, due 11/18/2027
742,056
 
1,461,998
Food Service 0.1%
192,909
Aramark Services, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 7.93%, due 4/6/2028
192,330
Health Care 0.8%
761,146
Medline Borrower LP, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 8.68%, due 10/23/2028
752,842
1,466,117
Team Health Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 5.25%), 10.57%, due 3/2/2027
1,000,097
 
1,752,939
Industrial Equipment 0.4%
539,616
Engineered Machinery Holdings, Inc., Second Lien Term Loan, (3 mo. USD LIBOR + 6.00%), 11.54%,
due 5/21/2029
509,937
(j)
368,112
Gates Global LLC, Term Loan B3, (1 mo. USD Term SOFR + 2.50%), 7.92%, due 3/31/2027
367,019
 
876,956
Lodging & Casinos 0.3%
726,350
GVC Holdings (Gibraltar) Ltd., Term Loan B2, (6 mo. USD Term SOFR + 3.50%), 8.44%, due
10/31/2029
724,926
Oil & Gas 0.8%
715,143
GIP III Stetson I LP, Term Loan B, (1 mo. USD Term SOFR + 4.25%), 9.67%, due 7/18/2025
714,785
878,591
Waterbridge Midstream Operating LLC, Term Loan B, (3 mo. USD Term SOFR + 5.75%), 11.36%, due
6/22/2026
879,215
 
1,594,000
Retailers (except food & drug) 0.4%
939,975
Petco Health & Wellness Co., Inc., Term Loan B, (3 mo. USD Term SOFR + 3.25%), 8.75%, due
3/3/2028
936,178
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Telecommunications 0.7%
$1,671,450
Frontier Communications Corp., First Lien Term Loan, (1 mo. USD Term SOFR + 3.75%), 9.18%, due
5/1/2028
$1,584,485
Textiles, Apparel & Luxury Goods 0.3%
574,149
Crocs, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.50%, 3 mo. USD Term SOFR + 3.50%),
8.89%–8.92%, due 2/20/2029
574,689
(k)
Utilities 0.6%
 
Lightstone Holdco LLC
1,280,195
Term Loan B, (1 mo. USD Term SOFR + 5.75%), 11.07%, due 1/29/2027
1,152,445
72,406
Term Loan C, (1 mo. USD Term SOFR + 5.75%), 11.07%, due 1/29/2027
65,181
 
1,217,626
Total Loan Assignments (Cost $17,173,537)
16,637,848
Convertible Bonds 0.3%
Media 0.3%
1,142,000
DISH Network Corp., 3.38%, due 8/15/2026 (Cost $1,114,907)
633,239
Number of Shares
 
Short-Term Investments 4.7%
Investment Companies 4.7%
9,832,157
State Street Institutional U.S. Government Money Market Fund Premier Class,
5.19%(l) (Cost $9,832,157)
9,832,157
Total Investments 157.3% (Cost $344,618,908)
330,636,689
Liabilities Less Other Assets (21.1)%
(44,441,096
)(m)
Liquidation Preference of Mandatory Redeemable Preferred Shares (36.2%)
(76,000,000
)
Net Assets Applicable to Common Stockholders 100.0%
$210,195,593
 
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, 2023, these
securities amounted to $258,071,565, which represents 122.8% 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, 2023 and
changes periodically.
(c)
Payment-in-kind (PIK) security.
(d)
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.
(e)
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.
(f)
Defaulted security.
(g)
When-issued security. Total value of all such securities at July 31, 2023 amounted to $956,672, which
represents 0.5% of net assets applicable to common stockholders of the Fund.
(h)
All or a portion of this security was purchased on a delayed delivery basis.
(i)
All or a portion of this security had not settled as of July 31, 2023 and thus may not have an interest rate in
effect. Interest rates do not take effect until settlement.
(j)
Value determined using significant unobservable inputs.
(k)
The stated interest rates represent the range of rates at July 31, 2023 of the underlying contracts within the
Loan Assignment.
(l)
Represents 7-day effective yield as of July 31, 2023.
(m)
As of July 31, 2023, the value of unfunded note commitments was $11 for the Fund (see Notes to Schedule
of Investments).
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
$268,667,621
127.8%
Cayman Islands
12,040,560
5.7%
Canada
9,694,271
4.6%
Zambia
5,240,631
2.5%
France
3,632,968
1.7%
United Kingdom
3,555,520
1.7%
Germany
3,508,452
1.7%
Switzerland
2,761,430
1.3%
Luxembourg
1,890,778
0.9%
Ireland
1,678,889
0.8%
Netherlands
1,672,214
0.8%
Australia
1,629,356
0.8%
Israel
1,249,181
0.6%
Austria
836,344
0.4%
Chile
677,412
0.3%
Jersey
623,028
0.3%
Finland
501,608
0.3%
Bermuda
500,629
0.2%
Czech Republic
443,640
0.2%
Liquidation Preference of Mandatory Redeemable Preferred Shares
(76,000,000)
(36.2)%
Short-Term Investments and Other Liabilities—Net
(34,608,939)
(16.4)%
 
$210,195,593
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, 2023: 
Asset Valuation Inputs
Level 1
Level 2
Level 3(a)
Total
Investments:
 
 
 
 
Asset-Backed Securities
$—
$13,302,220
$—
$13,302,220
Corporate Bonds#
—
290,231,225
—
290,231,225
Loan Assignments
Industrial Equipment
—
367,019
509,937
876,956
Other Loan Assignments#
—
15,760,892
—
15,760,892
Total Loan Assignments
—
16,127,911
509,937
16,637,848
Convertible Bonds#
—
633,239
—
633,239
Short-Term Investments
—
9,832,157
—
9,832,157
Total Investments
$—
$330,126,752
$509,937
$330,636,689
 
#
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
unobservable inputs (Level 3) were used in determining value:
 
(000's
omitted)
Beginning
balance as
of 11/1/2022
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
7/31/2023
Net change in
unrealized
appreciation/
(depreciation)
from
investments
still held as of
7/31/2023
Investments in
Securities:
 
 
 
 
 
 
 
 
 
 
Loan Assignments(1)
$—
$—
$—
$5
$505
$—
$—
$—
$510
$5
Total
$—
$—
$—
$5
$505
$—
$—
$—
$510
$5
(1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The
Fund does not have access to unobservable inputs and therefore cannot disclose such inputs used in
formulating such quotation.
 
^  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, 2023
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 which 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. 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). 
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 funds' 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 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 any and all Fund investments. Inputs and assumptions considered in determining the fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of the 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 and/or pricing services; information obtained from the issuer and/or 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 next trades. 
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, 2023, the value of unfunded note commitments was $11, pursuant to the following loan agreement:  
Borrower
Principal
Amount
Value
HCFS Notes, 0.00%, due 12/31/2031(a)
$1,055,000
$11(b)(c)
 
(a)
Position is a bond bridge commitment which is fully unfunded.
(b)
Security fair valued as of July 31, 2023 in accordance with procedures approved by the valuation designee.
(c)
This security has not settled as of July 31, 2023. In accordance with the underlying credit agreement, the
interest rate shown reflects the unfunded rate as of July 31, 2023.
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
 
Benchmarks:
LIBOR
= London Interbank Offered Rate
SOFR
= Secured Overnight Financing Rate
Other Abbreviations:
Management
= Neuberger Berman Investment Advisers LLC
 
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.
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