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Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited) 
July 31, 2026

 
Principal Amount
Value
Asset-Backed Securities 0.4%
Other 0.4%
 
 
$500,000
Apidos CLO LVIII, Series 2026-58A, Class D1, (2.40% - 3 mo. USD Term SOFR), 0.00%, due
10/20/2039
$500,000
(a)(b)(c)
750,000
Ballyrock CLO Ltd., Series 2024-26AR, Class C1R, (3 mo. USD Term SOFR + 2.65%), 0.00%, due
7/25/2039
750,000
(a)(b)(c)
Total Asset-Backed Securities (Cost $1,250,000)
1,250,000
Corporate Bonds 141.7%
Advertising 1.5%
 
Clear Channel Outdoor Holdings, Inc.
210,000
7.75%, due 4/15/2028
210,327
(a)
795,000
7.88%, due 4/1/2030
825,626
(a)(d)
275,000
7.13%, due 2/15/2031
283,664
(a)
415,000
7.50%, due 3/15/2033
435,001
(a)
570,000
CMG Media Corp., 8.88%, due 6/18/2029
412,399
(a)
 
Neptune Bidco U.S., Inc.
1,450,000
9.29%, due 4/15/2029
1,477,323
(a)(d)
465,000
10.38%, due 5/15/2031
486,829
(a)
 
4,131,169
Aerospace & Defense 2.9%
965,000
AAR Escrow Issuer LLC, 6.75%, due 3/15/2029
985,810
(a)(d)
 
Bombardier, Inc.
480,000
7.25%, due 7/1/2031
499,954
(a)
1,115,000
7.00%, due 6/1/2032
1,148,807
(a)(d)
195,000
6.75%, due 6/15/2033
200,844
(a)
1,005,000
Goat Holdco LLC, 6.75%, due 2/1/2032
1,021,114
(a)(d)
 
TransDigm, Inc.
1,290,000
6.63%, due 3/1/2032
1,311,582
(a)(d)
10,000
6.00%, due 1/15/2033
9,999
(a)
780,000
6.38%, due 5/31/2033
779,802
(a)(d)
640,000
6.75%, due 1/31/2034
650,415
(a)(d)
1,250,000
6.13%, due 7/31/2034
1,235,960
(a)(d)
 
7,844,287
Apparel 0.9%
1,217,830
Beach Acquisition Bidco LLC, 10.00% Cash/10.75% PIK, due 7/15/2033
1,307,351
(a)(e)
750,000
Champ Acquisition Corp., 8.38%, due 12/1/2031
782,212
(a)
565,000
VF Corp., 2.95%, due 4/23/2030
507,600
 
2,597,163
Auto Manufacturers 0.8%
 
Nissan Motor Acceptance Co. LLC
155,000
7.05%, due 9/15/2028
158,162
(a)
145,000
5.63%, due 9/29/2028
144,138
(a)
105,000
5.55%, due 9/13/2029
102,114
(a)
185,000
6.13%, due 9/30/2030
180,672
(a)
 
Nissan Motor Co. Ltd.
375,000
7.50%, due 7/17/2030
384,101
(a)
925,000
4.81%, due 9/17/2030
857,426
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Auto Manufacturers – cont'd
$185,000
7.75%, due 7/17/2032
$191,101
(a)
190,000
8.13%, due 7/17/2035
200,480
(a)
 
2,218,194
Auto Parts & Equipment 3.9%
2,395,000
Clarios Global LP/Clarios U.S. Finance Co., 6.75%, due 9/15/2032
2,412,989
(a)(d)
 
Cyprium Corp./Cyprium Holdings Luxembourg SARL
465,000
6.13%, due 4/15/2031
460,876
(a)
1,305,000
6.38%, due 4/15/2034
1,285,675
(a)(d)
1,281,950
Dexko Global, Inc., 7.50%, due 4/15/2032
1,067,377
(a)
1,270,000
Forvia SE, 6.75%, due 9/15/2033
1,263,720
(a)(d)
495,000
Goodyear Tire & Rubber Co., 8.88%, due 7/15/2032
508,049
 
IHO Verwaltungs GmbH
1,375,000
7.75% Cash/8.50% PIK, due 11/15/2030
1,425,141
(a)(d)(e)
570,000
8.00% Cash/8.75% PIK, due 11/15/2032
598,531
(a)(e)
 
ZF North America Capital, Inc.
435,000
6.88%, due 4/14/2028
442,832
(a)
505,000
7.13%, due 4/14/2030
508,266
(a)
680,000
6.75%, due 4/23/2030
674,812
(a)
 
10,648,268
Banks 0.3%
955,000
Walker & Dunlop, Inc., 6.63%, due 4/1/2033
956,320
(a)(d)
Building Materials 3.5%
 
Builders FirstSource, Inc.
1,155,000
6.38%, due 3/1/2034
1,133,335
(a)(d)
320,000
6.75%, due 5/15/2035
316,819
(a)
450,000
Camelot Return Merger Sub, Inc., 8.75%, due 8/1/2028
231,354
(a)
315,000
Cornerstone Building Brands, Inc., 9.50%, due 8/15/2029
161,790
(a)
 
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
1,010,000
6.63%, due 12/15/2030
1,026,561
(a)(d)
340,000
6.75%, due 7/15/2031
348,716
(a)
430,000
JELD-WEN Holding, Inc., 7.00%, due 9/1/2032
262,111
(a)
850,000
Knife River Corp., 7.75%, due 5/1/2031
876,795
(a)(d)
735,000
Masterbrand, Inc., 7.00%, due 7/15/2032
735,415
(a)(d)
250,000
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, 6.75%, due 4/1/2032
246,149
(a)
575,000
MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, due 2/1/2030
532,130
(a)
 
Quikrete Holdings, Inc.
580,000
6.38%, due 3/1/2032
587,078
(a)(d)
765,000
6.75%, due 3/1/2033
775,114
(a)
 
Standard Building Solutions, Inc.
865,000
6.50%, due 8/15/2032
866,655
(a)(d)
1,525,000
6.25%, due 8/1/2033
1,508,336
(a)(d)
60,000
5.88%, due 3/15/2034
57,609
(a)
 
9,665,967
Chemicals 5.2%
450,000
Ashland, Inc., 6.88%, due 5/15/2043
457,760
1,215,000
Bond U.S. Bidco 1, Inc./Bidco 2/Bidco 3/German Bidco 1 GmbH/German Bidco 2, 7.13%, due
6/15/2033
1,222,510
(a)(d)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Chemicals – cont'd
 
Celanese U.S. Holdings LLC
$595,000
7.55%, due 11/15/2030
$626,338
170,000
7.00%, due 2/15/2031
174,300
585,000
7.38%, due 7/15/2032
612,093
435,000
7.70%, due 11/15/2033
460,465
280,000
7.38%, due 2/15/2034
288,021
 
FMC Corp.
180,000
3.45%, due 10/1/2029
165,415
195,000
8.00%, due 6/1/2031
201,636
(a)
180,000
6.38%, due 5/18/2053
140,113
135,000
8.45%, due 11/1/2055
101,542
(f)
240,000
HB Fuller Co., 4.00%, due 2/15/2027
237,948
 
Olympus Water U.S. Holding Corp.
1,550,000
6.25%, due 10/1/2029
1,530,445
(a)(d)
395,000
7.25%, due 6/15/2031
399,160
(a)
1,225,000
6.75%, due 8/1/2032
1,192,235
(a)(d)
685,000
7.25%, due 2/15/2033
671,005
(a)
 
SCIH Salt Holdings, Inc.
2,355,000
6.63%, due 8/15/2031
2,354,577
(a)(c)
1,215,000
8.00%, due 8/15/2032
1,205,816
(a)(c)
 
WR Grace Holdings LLC
755,000
5.63%, due 8/15/2029
693,175
(a)(d)
1,060,000
7.38%, due 3/1/2031
1,051,019
(a)(d)
615,000
6.63%, due 8/15/2032
585,491
(a)
 
14,371,064
Commercial Services 9.9%
1,220,000
ADT Security Corp., 5.88%, due 10/15/2033
1,182,940
(a)(d)
1,080,000
Albion Financing 1 SARL/Aggreko Holdings, Inc., 7.00%, due 5/21/2030
1,100,167
(a)(d)
915,000
Allied Universal Holdco LLC, 7.88%, due 2/15/2031
950,001
(a)(d)
 
Allied Universal Holdco LLC/Allied Universal Finance Corp.
1,895,000
6.00%, due 6/1/2029
1,878,321
(a)(d)
475,000
6.88%, due 6/15/2030
485,358
(a)
 
Block, Inc.
480,000
6.50%, due 5/15/2032
484,946
975,000
6.00%, due 8/15/2033
966,897
(a)(d)
1,655,000
Carrix, Inc., 6.13%, due 8/1/2033
1,647,356
(a)(d)
270,000
Clarivate Science Holdings Corp., 4.88%, due 7/1/2029
248,620
(a)
 
EquipmentShare.com, Inc.
400,000
9.00%, due 5/15/2028
406,096
(a)
300,000
8.63%, due 5/15/2032
306,818
(a)
2,140,000
8.00%, due 3/15/2033
2,156,204
(a)(d)
200,000
7.13%, due 7/1/2034
191,025
(a)
 
Garda World Security Corp.
1,030,000
6.00%, due 6/1/2029
1,015,072
(a)
420,000
6.50%, due 1/15/2031
424,622
(a)
1,130,000
8.25%, due 8/1/2032
1,145,910
(a)(d)
1,215,000
8.38%, due 11/15/2032
1,234,430
(a)(d)
 
Herc Holdings, Inc.
828,000
7.00%, due 6/15/2030
853,891
(a)(d)
1,783,000
7.25%, due 6/15/2033
1,839,808
(a)(d)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Commercial Services – cont'd
$515,000
6.00%, due 3/15/2034
$504,922
(a)
660,000
Mavis Tire Express Services Topco Corp., 6.50%, due 5/15/2029
649,848
(a)
1,510,000
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 6.75%, due 8/15/2032
1,512,138
(a)(d)
1,745,000
Synergy Infrastructure Holdings LLC, 7.00%, due 7/15/2034
1,760,368
(a)(d)
1,020,000
VM Consolidated, Inc., 5.50%, due 4/15/2029
953,328
(a)
1,545,000
Wand NewCo 3, Inc., 7.63%, due 1/30/2032
1,586,235
(a)(d)
570,000
WEX, Inc., 6.50%, due 3/15/2033
566,359
(a)
 
Williams Scotsman, Inc.
310,000
6.63%, due 6/15/2029
315,237
(a)
170,000
6.63%, due 4/15/2030
173,824
(a)
628,000
7.38%, due 10/1/2031
647,493
(a)
 
27,188,234
Computers 1.9%
611,000
Ahead DB Holdings LLC, 6.63%, due 5/1/2028
611,117
(a)
1,275,000
Amentum Holdings, Inc., 7.25%, due 8/1/2032
1,309,926
(a)(d)
1,090,000
CACI International, Inc., 6.38%, due 6/15/2033
1,098,435
(a)(d)
1,195,000
Fortress Intermediate 3, Inc., 7.50%, due 6/1/2031
1,215,891
(a)(d)
620,000
Insight Enterprises, Inc., 6.63%, due 5/15/2032
623,467
(a)
490,000
McAfee Corp., 7.38%, due 2/15/2030
415,459
(a)
 
5,274,295
Cosmetics - Personal Care 0.1%
240,000
Prestige Brands, Inc., 6.25%, due 7/15/2034
240,678
(a)
Distribution - Wholesale 2.3%
920,000
ADI Escrow Issuer LLC, 7.13%, due 7/15/2034
937,889
(a)
440,000
Core & Main LP, 6.00%, due 7/1/2034
437,542
(a)
790,000
Dealer Tire Financial LLC, 10.38%, due 10/1/2031
767,281
(a)
990,000
Resideo Funding II LLC, 6.50%, due 7/15/2032
990,334
(a)
215,000
S&S Holdings LLC, 8.38%, due 10/1/2031
207,614
(a)
1,470,000
Veritiv Operating Co., 10.50%, due 11/30/2030
1,508,117
(a)(d)
1,265,000
Windsor Holdings III LLC, 8.50%, due 6/15/2030
1,316,178
(a)(d)
 
6,164,955
Diversified Financial Services 7.4%
1,790,000
Champions Financing, Inc., 8.75%, due 2/15/2029
1,771,215
(a)(d)
865,000
Focus Financial Partners LLC, 6.75%, due 9/15/2031
859,594
(a)
655,000
Freedom Mortgage Holdings LLC, 8.38%, due 4/1/2032
657,881
(a)
880,000
Global Aircraft Leasing Co. Ltd., 8.75%, due 9/1/2027
894,013
(a)
 
Jane Street Group/JSG Finance, Inc.
925,000
7.13%, due 4/30/2031
954,621
(a)(d)
805,000
6.13%, due 11/1/2032
800,975
(a)
635,000
6.75%, due 5/1/2033
647,141
(a)
 
Navient Corp.
145,000
4.88%, due 3/15/2028
141,727
615,000
5.50%, due 3/15/2029
589,038
110,000
7.88%, due 6/15/2032
103,056
 
OneMain Finance Corp.
650,000
6.63%, due 5/15/2029
657,952
(d)
470,000
5.38%, due 11/15/2029
459,322
1,400,000
6.13%, due 5/15/2030
1,391,591
(d)
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
$575,000
7.13%, due 11/15/2031
$582,699
890,000
7.13%, due 9/15/2032
899,318
 
PennyMac Financial Services, Inc.
685,000
7.13%, due 11/15/2030
682,863
(a)
200,000
5.75%, due 9/15/2031
185,386
(a)
60,000
6.88%, due 5/15/2032
57,354
(a)
745,000
Provident Funding Associates LP/PFG Finance Corp., 9.75%, due 9/15/2029
769,225
(a)
 
Rocket Cos., Inc.
2,090,000
6.13%, due 8/1/2031
2,099,524
(a)(d)
395,000
7.13%, due 2/1/2032
404,854
(a)
720,000
6.38%, due 8/1/2033
724,278
(a)(d)
 
SLM Corp.
855,000
6.50%, due 1/31/2030
864,808
(d)
405,000
6.50%, due 5/15/2032
403,550
(f)
1,260,000
Velocity Commercial Capital LLC, 9.38%, due 2/15/2031
1,296,827
(a)(d)
1,240,000
WS Escrow LLC, 7.75%, due 6/1/2033
1,282,975
(a)(d)
 
20,181,787
Electric 3.8%
 
Alpha Generation LLC
1,480,000
6.75%, due 10/15/2032
1,492,903
(a)(d)
435,000
6.25%, due 1/15/2034
425,080
(a)
 
NRG Energy, Inc.
535,000
6.00%, due 2/1/2033
533,392
(a)
635,000
5.75%, due 1/15/2034
618,429
(a)(d)
250,000
5.88%, due 5/15/2034
245,425
(a)
400,000
6.13%, due 5/15/2036
394,842
(a)
950,000
PG&E Corp., 6.85%, due 9/15/2056
940,089
(f)
 
Talen Energy Supply LLC
1,210,000
6.25%, due 2/1/2034
1,186,781
(a)(d)
1,205,000
6.50%, due 2/1/2036
1,189,968
(a)(d)
2,095,000
VoltaGrid LLC, 7.38%, due 11/1/2030
2,105,413
(a)(d)
1,135,000
XPLR Infrastructure Operating Partners LP, 7.75%, due 4/15/2034
1,188,607
(a)(d)
 
10,320,929
Electrical Components & Equipment 0.2%
610,000
EnerSys, 6.63%, due 1/15/2032
617,294
(a)
Electronics 0.5%
1,240,000
Sensata Technologies, Inc., 6.63%, due 7/15/2032
1,269,447
(a)(d)
Engineering & Construction 1.5%
1,745,000
Artera Services LLC, 8.50%, due 2/15/2031
1,589,590
(a)(d)
210,000
Brand Industrial Services, Inc., 10.38%, due 8/1/2030
181,865
(a)
 
Global Infrastructure Solutions, Inc.
430,000
7.50%, due 4/15/2032
447,612
(a)
755,000
6.38%, due 7/15/2034
760,157
(a)
1,220,000
Granite Construction, Inc., 6.38%, due 6/15/2034
1,216,511
(a)(d)
 
4,195,735
Entertainment 3.7%
1,285,000
Churchill Downs, Inc., 6.75%, due 5/1/2031
1,300,283
(a)(d)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Entertainment – cont'd
$2,150,000
Light & Wonder International, Inc., 6.25%, due 10/1/2033
$2,112,375
(a)(d)
140,000
Merlin Entertainments Group U.S. Holdings, Inc., 7.38%, due 2/15/2031
109,656
(a)
650,000
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, due 5/1/2029
631,238
(a)(d)
 
Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC
1,010,000
8.25%, due 4/15/2030
1,050,585
(a)(d)
395,000
11.88%, due 4/15/2031
428,124
(a)
115,000
Motion Bondco DAC, 6.63%, due 11/15/2027
109,164
(a)
675,000
SeaWorld Parks & Entertainment, Inc., 5.25%, due 8/15/2029
657,577
(a)(d)
1,130,000
Six Flags Entertainment Corp., 7.25%, due 5/15/2031
1,108,072
(a)(d)
 
Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp.
335,000
6.50%, due 10/1/2028
335,187
520,000
5.25%, due 7/15/2029
497,980
985,000
Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium Operations LLC, 8.63%, due
1/15/2032
996,242
(a)
630,000
Six Flags Entertainment Corp./Six Flags Theme Parks, Inc./Canada's Wonderland Co., 6.63%,
due 5/1/2032
634,280
(a)
165,000
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 6.25%, due 3/15/2033
163,555
(a)
 
10,134,318
Environmental Control 0.5%
1,202,036
Luna 1.5 SARL, 12.00%, due 7/1/2032
1,276,724
(a)(d)(e)
Food 1.4%
 
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC
195,000
5.50%, due 3/31/2031
187,370
(a)
340,000
5.63%, due 3/31/2032
323,408
(a)
905,000
6.25%, due 3/15/2033
876,557
(a)(d)
 
Chobani LLC/Chobani Finance Corp., Inc.
210,000
4.63%, due 11/15/2028
207,521
(a)
1,025,000
6.38%, due 4/15/2034
1,027,626
(a)(d)
885,000
Froneri Lux FinCo SARL, 6.00%, due 8/1/2032
865,017
(a)
345,000
U.S. Foods, Inc., 7.25%, due 1/15/2032
356,469
(a)
 
3,843,968
Food Service 0.9%
 
TKC Holdings, Inc.
1,385,000
8.50%, due 8/15/2030
1,415,815
(a)(d)
990,000
12.00%, due 2/15/2031
1,040,540
(a)
 
2,456,355
Forest Products & Paper 0.8%
900,000
Ahlstrom Holding 3 Oy, 4.88%, due 2/4/2028
897,518
(a)(d)
1,410,000
Magnera Corp., 7.25%, due 11/15/2031
1,380,038
(a)(d)
 
2,277,556
Gas 0.3%
830,000
AmeriGas Partners LP/AmeriGas Finance Corp., 6.88%, due 6/1/2031
842,856
(a)
Healthcare - Services 5.9%
500,000
Acadia Healthcare Co., Inc., 5.00%, due 4/15/2029
489,470
(a)
 
Centene Corp.
2,275,000
4.63%, due 12/15/2029
2,207,062
(d)
1,580,000
3.38%, due 2/15/2030
1,461,324
(d)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Healthcare - Services – cont'd
 
CHS/Community Health Systems, Inc.
$105,000
6.00%, due 1/15/2029
$103,163
(a)
230,000
6.88%, due 4/15/2029
221,819
(a)
440,000
6.13%, due 4/1/2030
369,673
(a)
550,000
5.25%, due 5/15/2030
507,876
(a)
498,000
10.88%, due 1/15/2032
525,288
(a)
195,000
9.75%, due 1/15/2034
197,547
(a)
1,735,000
Global Medical Response, Inc., 7.38%, due 10/1/2032
1,765,573
(a)(d)
415,000
HAH Group Holding Co. LLC, 9.75%, due 10/1/2031
376,613
(a)
 
LifePoint Health, Inc.
410,000
10.00%, due 6/1/2032
393,628
(a)
855,000
7.00%, due 5/1/2034
798,605
(a)
 
Molina Healthcare, Inc.
660,000
6.50%, due 2/15/2031
666,069
(a)
1,615,000
6.25%, due 1/15/2033
1,597,021
(a)(d)
370,000
National Mentor Holdings, Inc., 10.50%, due 12/15/2030
390,222
(a)
1,060,000
Select Medical Corp., 6.25%, due 12/1/2032
1,018,143
(a)(d)
1,715,000
Surgery Center Holdings, Inc., 7.25%, due 4/15/2032
1,720,341
(a)(d)
1,450,000
Tenet Healthcare Corp., 6.00%, due 11/15/2033
1,454,638
(a)(d)
 
16,264,075
Home Builders 1.6%
 
K Hovnanian Enterprises, Inc.
740,000
8.00%, due 4/1/2031
754,304
(a)
540,000
8.38%, due 10/1/2033
548,753
(a)
575,000
KB Home, 7.25%, due 7/15/2030
582,695
415,000
LGI Homes, Inc., 7.00%, due 11/15/2032
404,514
(a)
1,540,000
Mattamy Group Corp., 6.00%, due 12/15/2033
1,465,886
(a)(d)
 
Shea Homes LP/Shea Homes Funding Corp.
490,000
4.75%, due 2/15/2028
483,344
265,000
4.75%, due 4/1/2029
257,399
 
4,496,895
Home Furnishings 0.6%
 
Whirlpool Corp.
160,000
6.13%, due 6/15/2030
145,390
915,000
7.50%, due 7/1/2031
909,287
(a)
645,000
7.88%, due 7/1/2034
609,783
(a)
 
1,664,460
Housewares 0.2%
 
Newell Brands, Inc.
280,000
8.50%, due 6/1/2028
292,246
(a)
175,000
6.63%, due 9/15/2029
177,105
 
469,351
Insurance 3.0%
610,000
Acrisure LLC/Acrisure Finance, Inc., 7.50%, due 11/6/2030
589,967
(a)
 
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
690,000
6.50%, due 10/1/2031
689,417
(a)
795,000
7.38%, due 10/1/2032
799,460
(a)
735,000
Amynta Agency Borrower, Inc. & Amynta Warranty Borrower, Inc., 7.50%, due 7/15/2033
718,352
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Insurance – cont'd
$1,045,000
Broadstreet Partners Group LLC, 5.88%, due 4/15/2029
$1,021,749
(a)
 
HUB International Ltd.
1,355,000
7.25%, due 6/15/2030
1,395,201
(a)(d)
1,880,000
7.38%, due 1/31/2032
1,922,770
(a)(d)
1,000,000
USI, Inc., 7.50%, due 1/15/2032
1,020,591
(a)(d)
 
8,157,507
Internet 0.9%
455,000
Rakuten Group, Inc., 9.75%, due 4/15/2029
494,026
(a)
 
Wayfair LLC
510,000
7.25%, due 10/31/2029
525,191
(a)
740,000
6.75%, due 11/15/2032
753,327
(a)
540,000
7.13%, due 5/31/2034
554,737
(a)
 
2,327,281
Investment Companies 0.4%
1,060,000
FS KKR Capital Corp., 3.13%, due 10/12/2028
996,400
Iron - Steel 1.7%
 
Cleveland-Cliffs, Inc.
805,000
6.88%, due 11/1/2029
813,586
(a)
675,000
7.50%, due 9/15/2031
688,896
(a)
835,000
7.00%, due 3/15/2032
836,749
(a)
1,150,000
Hybar LLC, 7.38%, due 7/1/2034
1,154,317
(a)
 
Mineral Resources Ltd.
810,000
7.00%, due 4/1/2031
833,545
(a)(d)
360,000
6.25%, due 5/1/2034
350,877
(a)
 
4,677,970
Leisure Time 1.5%
330,000
Acushnet Co., 5.63%, due 12/1/2033
323,561
(a)
145,000
Gaia Purchaser, Inc., 7.63%, due 7/15/2033
145,446
(a)
975,000
Lindblad Expeditions LLC, 7.00%, due 9/15/2030
1,003,706
(a)(d)
670,000
NCL Corp. Ltd., 6.75%, due 2/1/2032
656,709
(a)(d)
1,245,000
Patrick Industries, Inc., 6.38%, due 11/1/2032
1,227,713
(a)(d)
475,000
Sabre Financial Borrower LLC, 11.13%, due 6/15/2029
499,759
(a)
210,000
Viking Cruises Ltd., 5.88%, due 10/15/2033
207,939
(a)
 
4,064,833
Lodging 1.8%
205,000
Boyd Gaming Corp., 4.75%, due 12/1/2027
203,908
1,225,000
Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc., 6.63%, due
1/15/2032
1,227,811
(a)(d)
1,485,000
Marriott Ownership Resorts, Inc., 6.50%, due 10/1/2033
1,460,406
(a)(d)
 
Travel & Leisure Co.
1,440,000
6.25%, due 6/1/2031
1,442,215
(a)(d)
495,000
6.13%, due 9/1/2033
486,077
(a)
 
4,820,417
Machinery - Construction & Mining 1.3%
1,865,000
Manitowoc Co., Inc., 9.25%, due 10/1/2031
1,975,292
(a)(d)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Machinery - Construction & Mining – cont'd
$1,535,000
Terex Corp., 6.25%, due 10/15/2032
$1,540,509
(a)(d)
 
3,515,801
Machinery - Diversified 1.2%
2,030,000
Columbus McKinnon Corp., 7.13%, due 2/1/2033
2,045,225
(a)(d)
1,210,000
Lsf12 Helix Parent LLC, 7.13%, due 2/1/2033
1,184,637
(a)(d)
 
3,229,862
Media 7.4%
 
CCO Holdings LLC/CCO Holdings Capital Corp.
1,020,000
5.38%, due 6/1/2029
990,588
(a)(d)
65,000
6.38%, due 9/1/2029
64,589
(a)
735,000
4.75%, due 3/1/2030
686,729
(a)(d)
1,090,000
4.25%, due 2/1/2031
964,791
(a)(d)
830,000
7.38%, due 3/1/2031
826,749
(a)(g)
355,000
4.75%, due 2/1/2032
310,197
(a)
590,000
4.50%, due 5/1/2032
508,808
485,000
7.00%, due 2/1/2033
464,790
(a)
625,000
4.50%, due 6/1/2033
531,743
(a)
460,000
4.25%, due 1/15/2034
375,584
(a)
380,000
7.38%, due 2/1/2036
361,262
(a)
 
CSC Holdings LLC
500,000
5.50%, due 4/15/2027
309,631
(a)
570,000
5.38%, due 2/1/2028
330,363
(a)
710,000
7.50%, due 4/1/2028
164,293
(a)
910,000
11.25%, due 5/15/2028
528,525
(a)(d)
1,130,000
11.75%, due 1/31/2029
646,819
(a)(d)
470,000
6.50%, due 2/1/2029
266,103
(a)
1,030,000
5.75%, due 1/15/2030
221,450
(a)(d)
275,000
4.50%, due 11/15/2031
152,324
(a)
355,000
Discovery Communications LLC, 4.13%, due 5/15/2029
348,788
 
Discovery Global Holdings, Inc.
1,860,000
4.28%, due 3/15/2032
1,652,740
(d)
1,510,000
5.05%, due 3/15/2042
1,049,450
345,000
5.14%, due 3/15/2052
219,272
 
DISH DBS Corp.
1,460,000
7.38%, due 7/1/2028
1,397,220
950,000
5.75%, due 12/1/2028
916,750
(a)
545,000
5.13%, due 6/1/2029
493,906
340,756
EchoStar Corp., 6.75% Cash/6.75% PIK, due 11/30/2030
345,595
(e)
 
McGraw-Hill Education, Inc.
340,000
8.00%, due 8/1/2029
337,194
(a)
650,000
7.38%, due 9/1/2031
658,216
(a)
605,000
Midcontinent Communications, 8.00%, due 8/15/2032
513,787
(a)
635,000
Nexstar Media, Inc., 6.50%, due 9/15/2033
631,746
(a)
 
Paramount Global
300,000
7.88%, due 7/30/2030
312,770
640,000
4.95%, due 1/15/2031
586,497
295,000
4.20%, due 5/19/2032
250,841
505,000
4.38%, due 3/15/2043
308,756
440,000
5.85%, due 9/1/2043
311,913
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Media – cont'd
$485,000
4.90%, due 8/15/2044
$301,801
640,000
Space Exploration Technologies Corp., 5.65%, due 7/15/2033
613,137
(a)
395,000
Virgin Media Secured Finance PLC, 5.50%, due 5/15/2029
354,616
(a)
 
20,310,333
Mining 2.8%
610,000
Capstone Copper Corp., 6.75%, due 3/31/2033
611,369
(a)
880,000
Century Aluminum Co., 6.88%, due 8/1/2032
893,642
(a)(d)
250,000
Constellium SE, 5.63%, due 6/15/2028
249,081
(a)
 
First Quantum Minerals Ltd.
805,000
8.00%, due 3/1/2033
836,442
(a)
330,000
7.25%, due 2/15/2034
336,153
(a)
15,000
6.38%, due 2/15/2036
14,515
(a)
 
Novelis Corp.
1,130,000
4.75%, due 1/30/2030
1,086,097
(a)(d)
235,000
6.88%, due 1/30/2030
241,115
(a)
1,660,000
Skeena Resources Ltd., 8.50%, due 4/1/2031
1,733,152
(a)(d)
1,540,000
Trekor Metals Ltd., 8.25%, due 5/1/2030
1,600,268
(a)(d)
 
7,601,834
Miscellaneous Manufacturer 1.8%
1,415,000
Amsted Industries, Inc., 6.38%, due 3/15/2033
1,427,107
(a)(d)
1,220,000
Avient Corp., 6.25%, due 11/1/2031
1,228,976
(a)(d)
460,000
Axon Enterprise, Inc., 6.25%, due 3/15/2033
466,517
(a)
1,078,437
Calderys Financing II LLC, 11.75% Cash/12.50% PIK, due 6/1/2028
1,099,163
(a)(d)(e)
740,000
Enpro, Inc., 6.13%, due 6/1/2033
741,336
(a)(d)
 
4,963,099
Oil & Gas 6.3%
 
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
635,000
5.88%, due 6/30/2029
632,763
(a)
750,000
6.63%, due 10/15/2032
753,986
(a)
1,680,000
Beusa Investments LLC, 7.00%, due 8/1/2031
1,641,982
(a)(d)
345,000
BKV Upstream Midstream LLC, 7.50%, due 10/15/2030
344,574
(a)
 
Borr IHC Ltd./Borr Finance LLC
380,000
8.75%, due 1/15/2032
371,811
(a)
380,000
9.00%, due 1/15/2034
372,238
(a)
 
Caturus Energy LLC
1,480,000
8.50%, due 2/15/2030
1,532,904
(a)(d)
515,000
7.13%, due 5/15/2031
510,529
(a)
 
Crescent Energy Finance LLC
385,000
7.63%, due 4/1/2032
389,061
(a)
575,000
7.38%, due 1/15/2033
577,597
(a)
95,000
8.38%, due 1/15/2034
98,021
(a)
 
Hilcorp Energy I LP/Hilcorp Finance Co.
503,000
5.75%, due 2/1/2029
502,016
(a)
680,000
6.00%, due 4/15/2030
672,877
(a)
428,000
6.00%, due 2/1/2031
417,215
(a)
585,000
8.38%, due 11/1/2033
613,762
(a)
735,000
7.25%, due 2/15/2035
728,996
(a)
1,175,000
Infinity Natural Resources LLC, 7.63%, due 4/1/2031
1,172,182
(a)(d)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Oil & Gas – cont'd
 
Matador Resources Co.
$625,000
6.50%, due 4/15/2032
$623,831
(a)
185,000
6.25%, due 4/15/2033
182,037
(a)
545,000
6.00%, due 4/15/2034
527,116
(a)
340,000
Northern Oil & Gas, Inc., 7.88%, due 10/15/2033
340,243
(a)
400,000
SM Energy Co., 8.63%, due 11/1/2030
419,895
(a)
205,000
Sunoco LP, 7.00%, due 5/1/2029
209,464
(a)
795,000
TGNR Intermediate Holdings LLC, 5.50%, due 10/15/2029
777,824
(a)
 
Transocean International Ltd.
1,360,000
8.25%, due 5/15/2029
1,402,379
(a)(d)
10,000
8.50%, due 5/15/2031
10,429
(a)
625,000
7.88%, due 10/15/2032
650,976
(a)
730,000
Validus Energy II Midcon LLC, 8.00%, due 8/1/2031
726,699
(a)
 
17,203,407
Oil & Gas Services 3.4%
765,000
Archrock Partners LP/Archrock Partners Finance Corp., 6.63%, due 9/1/2032
775,954
(a)(d)
 
Kodiak Gas Services LLC
735,000
6.50%, due 10/1/2033
734,049
(a)(d)
735,000
6.75%, due 10/1/2035
740,582
(a)(d)
1,410,000
Oceaneering International, Inc., 6.88%, due 7/15/2034
1,442,730
(a)(d)
690,000
SESI LLC, 7.88%, due 9/30/2030
698,160
(a)
1,955,000
Star Holding LLC, 8.75%, due 8/1/2031
1,996,524
(a)(d)
 
USA Compression Partners LP/USA Compression Finance Corp.
1,050,000
7.13%, due 3/15/2029
1,072,625
(a)(d)
330,000
6.25%, due 10/1/2033
324,750
(a)
 
WBI Operating LLC
705,000
6.25%, due 10/15/2030
704,873
(a)(d)
925,000
6.50%, due 10/15/2033
923,354
(a)
 
9,413,601
Packaging & Containers 6.1%
 
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
2,370,000
4.00%, due 9/1/2029
2,249,972
(a)(d)
485,000
6.25%, due 1/30/2031
488,270
(a)
 
Clydesdale Acquisition Holdings, Inc.
720,000
6.88%, due 1/15/2030
713,810
(a)
610,000
6.75%, due 4/15/2032
580,904
(a)
 
Mauser Packaging Solutions Holding Co.
1,210,000
7.88%, due 4/15/2030
1,234,079
(a)(d)
2,835,000
9.25%, due 4/15/2030
2,809,921
(a)(d)
 
Sword Purchaser LLC
1,755,000
8.25%, due 4/15/2033
1,795,075
(a)(d)
1,510,000
10.50%, due 4/15/2034
1,561,023
(a)(d)
975,000
Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC, 9.50%, due 5/15/2030
880,672
(a)
1,590,000
Trident TPI Holdings, Inc., 12.75%, due 12/31/2028
1,552,982
(a)(d)
 
Trivium Packaging Finance BV
1,115,000
8.25%, due 7/15/2030
1,178,652
(a)
1,565,000
12.25%, due 1/15/2031
1,731,787
(a)(d)
 
16,777,147
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Pharmaceuticals 2.0%
$2,944,000
1261229 BC Ltd., 10.00%, due 4/15/2032
$3,009,498
(a)(d)
355,000
Adapthealth LLC, 6.13%, due 8/1/2028
355,000
(a)
 
Bausch Health Cos., Inc.
550,000
5.00%, due 1/30/2028
498,168
(a)
289,000
4.88%, due 6/1/2028
268,778
(a)
420,000
11.00%, due 9/30/2028
429,118
(a)
170,000
5.00%, due 2/15/2029
130,050
(a)
90,000
5.25%, due 1/30/2030
60,975
(a)
645,000
Grifols SA, 4.75%, due 10/15/2028
629,321
(a)(d)
180,000
Organon & Co./Organon Foreign Debt Co-Issuer BV, 7.88%, due 5/15/2034
192,024
(a)
 
5,572,932
Pipelines 9.7%
1,500,000
Antero Midstream Partners LP/Antero Midstream Finance Corp., 6.63%, due 2/1/2032
1,526,680
(a)(d)
830,000
CQP Holdco LP/BIP-V Chinook Holdco LLC, 7.50%, due 12/15/2033
869,872
(a)(d)
 
Energy Transfer LP
160,000
7.13%, due 10/1/2054
163,387
(f)
525,000
6.50%, due 2/15/2056
525,058
(f)
365,000
6.75%, due 2/15/2056
366,131
(f)
995,000
Excelerate Energy LP, 8.00%, due 5/15/2030
1,042,445
(a)(d)
 
Genesis Energy LP/Genesis Energy Finance Corp.
310,000
8.25%, due 1/15/2029
319,695
978,000
7.88%, due 5/15/2032
1,010,111
965,000
8.00%, due 5/15/2033
1,003,906
465,000
6.75%, due 3/15/2034
463,782
 
Global Partners LP/GLP Finance Corp.
565,000
8.25%, due 1/15/2032
589,001
(a)
780,000
7.13%, due 7/1/2033
789,886
(a)
2,175,000
Golar LNG Ltd., 7.50%, due 10/2/2030
2,219,905
(a)(d)
 
Harvest Midstream I LP
235,000
7.50%, due 5/15/2032
240,942
(a)
1,225,000
6.75%, due 5/15/2034
1,229,877
(a)(d)
 
Howard Midstream Energy Partners LLC
1,320,000
7.38%, due 7/15/2032
1,364,438
(a)(d)
585,000
6.63%, due 1/15/2034
591,526
(a)
670,000
6.63%, due 1/15/2035
669,633
(a)
260,000
Kinetik Holdings LP, 5.88%, due 6/15/2030
260,288
(a)
 
NGL Energy Operating LLC/NGL Energy Finance Corp.
1,120,000
8.13%, due 2/15/2029
1,148,093
(a)(d)
315,000
8.38%, due 2/15/2032
327,564
(a)
 
Rockies Express Pipeline LLC
620,000
6.75%, due 3/15/2033
630,350
(a)
435,000
7.50%, due 7/15/2038
457,291
(a)
730,000
6.88%, due 4/15/2040
734,151
(a)
 
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
450,000
7.38%, due 2/15/2029
460,230
(a)
215,000
6.00%, due 9/1/2031
211,556
(a)
885,000
6.75%, due 3/15/2034
890,498
(a)
515,000
Venture Global Calcasieu Pass LLC, 6.00%, due 5/1/2036
508,984
(a)
 
Venture Global LNG, Inc.
1,200,000
9.00%, due 9/30/2029
1,195,176
(a)(d)(f)(h)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Pipelines – cont'd
$1,320,000
8.38%, due 6/1/2031
$1,364,613
(a)(d)
745,000
6.38%, due 12/15/2034
725,569
(a)
740,000
6.63%, due 6/15/2036
725,247
(a)
 
Venture Global Plaquemines LNG LLC
452,000
7.50%, due 5/1/2033
490,429
(a)
475,000
6.50%, due 1/15/2034
490,134
(a)
170,000
6.50%, due 6/15/2034
175,326
(a)
453,000
7.75%, due 5/1/2035
502,038
(a)
390,000
6.75%, due 1/15/2036
408,211
(a)
 
26,692,023
Real Estate 0.2%
495,000
Greystar Real Estate Partners LLC, 7.75%, due 9/1/2030
512,368
(a)
Real Estate Investment Trusts 4.7%
 
Blackstone Mortgage Trust, Inc.
1,325,000
7.75%, due 12/1/2029
1,369,274
(a)(d)
640,000
6.25%, due 6/1/2031
611,914
(a)
 
Brandywine Operating Partnership LP
1,060,000
8.88%, due 4/12/2029
1,110,975
(d)
180,000
6.13%, due 1/15/2031
173,006
865,000
EF Holdco/EF Cayman Holdings/Ellington Fin REIT Cayman/TRS/EF Cayman Non-MTM, 7.38%,
due 9/30/2030
858,976
(a)
200,000
Iron Mountain, Inc., 7.00%, due 2/15/2029
203,170
(a)
 
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
655,000
5.88%, due 10/1/2028
654,117
(a)(d)
165,000
4.88%, due 5/15/2029
160,823
(a)
690,000
7.00%, due 2/1/2030
701,153
(a)(d)
645,000
Pebblebrook Hotel LP/PEB Finance Corp., 6.38%, due 10/15/2029
651,004
(a)(d)
435,000
RHP Hotel Properties LP/RHP Finance Corp., 6.50%, due 6/15/2033
442,594
(a)(d)
1,290,000
RLJ Lodging Trust LP, 4.00%, due 9/15/2029
1,228,770
(a)(d)
1,280,000
Service Properties Trust, 8.63%, due 11/15/2031
1,345,132
(a)(d)
 
Starwood Property Trust, Inc.
490,000
5.25%, due 10/15/2028
485,634
(a)
605,000
5.88%, due 8/15/2029
606,013
(a)
1,140,000
6.50%, due 7/1/2030
1,157,823
(a)(d)
580,000
6.50%, due 10/15/2030
587,991
(a)
445,000
XHR LP, 4.88%, due 6/1/2029
433,531
(a)
 
12,781,900
Retail 5.9%
 
Advance Auto Parts, Inc.
1,060,000
7.00%, due 8/1/2030
1,086,113
(a)(d)
1,500,000
7.38%, due 8/1/2033
1,548,195
(a)(d)
 
Bath & Body Works, Inc.
405,000
6.63%, due 10/1/2030
411,547
(a)
395,000
6.88%, due 11/1/2035
399,394
265,000
6.75%, due 7/1/2036
262,072
945,000
Cougar JV Subsidiary LLC, 8.00%, due 5/15/2032
988,390
(a)(d)
 
LCM Investments Holdings II LLC
335,000
4.88%, due 5/1/2029
326,775
(a)
705,000
8.25%, due 8/1/2031
734,494
(a)(d)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Retail – cont'd
$960,000
Macy's Retail Holdings LLC, 7.38%, due 8/1/2033
$998,967
(a)(d)
 
Michaels Cos., Inc.
1,410,000
8.50%, due 3/15/2033
1,396,783
(a)(d)
500,000
11.00%, due 3/15/2034
489,448
(a)
170,000
Nordstrom, Inc., 4.38%, due 4/1/2030
162,474
780,000
Petco Health & Wellness Co., Inc., 8.25%, due 2/1/2031
782,492
(a)
 
PetSmart LLC/PetSmart Finance Corp.
1,145,000
7.50%, due 9/15/2032
1,156,917
(a)(d)
485,000
10.00%, due 9/15/2033
482,533
(a)
 
QXO Building Products, Inc.
755,000
6.50%, due 7/15/2031
758,061
(a)
1,425,000
6.75%, due 4/30/2032
1,455,296
(a)(d)
740,000
6.88%, due 7/15/2034
741,106
(a)
345,000
Staples, Inc., 10.75%, due 9/1/2029
330,114
(a)
1,605,000
White Cap Supply Holdings LLC, 7.38%, due 11/15/2030
1,616,959
(a)(d)
 
16,128,130
Semiconductors 0.3%
830,000
Amkor Technology, Inc., 5.88%, due 10/1/2033
807,350
(a)(d)
Software 4.2%
970,000
Capstone Borrower, Inc., 8.00%, due 6/15/2030
943,696
(a)(d)
 
Cloud Software Group LLC
1,615,000
6.50%, due 3/31/2029
1,578,118
(a)(d)
525,000
9.00%, due 9/30/2029
514,370
(a)
75,000
8.25%, due 6/30/2032
70,949
(a)
1,310,000
CoreWeave, Inc., 9.00%, due 2/1/2031
1,182,529
(a)(d)
615,000
Ellucian Holdings, Inc., 6.50%, due 12/1/2029
591,386
(a)
 
Fair Isaac Corp.
715,000
6.00%, due 5/15/2033
692,018
(a)
685,000
6.25%, due 9/15/2034
661,745
(a)
 
OAK-Eagle Acquireco, Inc.
1,720,000
7.25%, due 7/1/2033
1,782,218
(a)(d)
1,585,000
8.75%, due 7/1/2034
1,669,777
(a)(d)
1,730,000
UKG, Inc., 6.88%, due 2/1/2031
1,694,990
(a)(d)
 
11,381,796
Telecommunications 11.4%
420,000
Altice France Lux 3/Altice Holdings 1, 10.00%, due 1/15/2033
412,176
(a)
 
Altice France SA
800,306
9.50%, due 11/1/2029
811,553
(a)(d)
641,250
6.88%, due 10/15/2030
626,094
(a)
385,000
6.50%, due 10/15/2031
371,518
(a)
85,000
6.50%, due 4/15/2032
82,275
(a)
223,750
6.88%, due 7/15/2032
217,216
(a)
955,000
APLD ComputeCo 2 LLC, 6.75%, due 3/15/2031
933,521
(a)
1,855,000
Black Pearl Compute LLC, 6.13%, due 2/15/2031
1,851,891
(a)(d)
915,000
Cipher Compute LLC, 7.13%, due 11/15/2030
933,310
(a)
 
Fibercop SpA
705,000
6.38%, due 11/15/2033
692,514
(a)(d)
485,000
6.00%, due 9/30/2034
467,378
(a)
695,000
7.20%, due 7/18/2036
705,376
(a)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Telecommunications – cont'd
$165,000
7.72%, due 6/4/2038
$171,111
(a)
2,045,000
Galaxy Helios Data Centers II LLC, 9.88%, due 8/1/2031
2,050,563
(a)(d)
635,000
Iliad Holding SAS, 7.00%, due 4/15/2032
640,489
(a)
 
Level 3 Financing, Inc.
365,000
6.88%, due 6/30/2033
369,362
(a)
1,230,000
7.00%, due 3/31/2034
1,251,178
(a)(d)
1,735,000
8.50%, due 1/15/2036
1,805,063
(a)(d)
285,000
7.50%, due 2/15/2037
283,061
(a)
2,710,000
Meridian Arc Holdco LLC, 6.25%, due 4/30/2031
2,603,857
(a)(d)
2,165,000
PR RNO Property Owner 1 LLC, 6.50%, due 5/1/2031
2,038,605
(a)(d)
175,000
Rogers Communications, Inc., 7.13%, due 4/15/2055
176,619
(f)
1,900,000
Stingray Compute LLC, 6.00%, due 6/15/2031
1,853,595
(a)(d)
2,725,000
SV RNO Property Owner 1 LLC, 5.88%, due 3/1/2031
2,530,423
(a)(d)
565,000
Telecom Italia Capital SA, 7.72%, due 6/4/2038
632,028
 
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC
1,880,000
6.50%, due 2/15/2029
1,854,174
(a)(d)
645,000
8.63%, due 6/15/2032
658,714
(a)
675,000
Uniti Services LLC, 7.50%, due 10/15/2033
689,772
(a)
505,000
Vmed O2 U.K. Financing I PLC, 4.75%, due 7/15/2031
399,227
(a)
1,565,000
Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, due 10/1/2031
1,629,210
(a)(d)
620,000
Yondr JK 1 LLC, 6.88%, due 6/30/2031
590,496
(a)
 
Zayo Group Holdings, Inc.
486,620
5.75% Cash/0.50% PIK, due 3/9/2030
486,012
(a)(e)
461,916
7.13% Cash/1.88% PIK, due 9/9/2030
452,678
(a)(e)
 
31,271,059
Transportation 0.9%
840,000
PODS LLC, 8.75%, due 5/15/2031
800,065
(a)
1,540,000
XPO, Inc., 7.13%, due 2/1/2032
1,587,721
(a)(d)
 
2,387,786
Trucking & Leasing 0.3%
 
FTAI Aviation Investors LLC
210,000
7.88%, due 12/1/2030
218,804
(a)
555,000
7.00%, due 5/1/2031
570,423
(a)(d)
 
789,227
Total Corporate Bonds (Cost $392,024,022)
387,996,407
Loan Assignments(b) 4.2%
Capital Markets 0.9%
838,932
Focus Financial Partners LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due
9/15/2031
827,246
(i)(j)
708,479
Galaxy U.S. Opco, Inc., Term Loan, (3 mo. USD Term SOFR + 2.00%), 5.82%, due 7/31/2030
650,695
(e)
418,892
Jane Street Group LLC, Term Loan B1, (3 mo. USD Term SOFR + 2.00%), 5.67%, due 12/15/2031
417,045
605,128
Orion U.S. Finco, Inc., Second Lien Term Loan, (1 mo. USD Term SOFR), due 10/10/2033
597,564
(i)(j)
 
2,492,550
Electronic Equipment, Instruments & Components 0.1%
430,000
VM Consolidated, Inc., Term Loan, (1 mo. USD Term SOFR), due 10/1/2032
405,546
(i)(j)
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Principal Amount
Value
Food Products 0.1%
$418,947
Froneri Lux Finco SARL, Term Loan B6, (6 mo. USD Term SOFR + 2.50%), 6.45%, due 9/30/2032
$416,467
Health Care Providers & Services 0.9%
946,525
Aveanna Healthcare LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.73%, due 9/17/2032
950,292
780,609
National Mentor Holdings, Inc., First Lien Term Loan B, (1 mo. USD Term SOFR + 6.00%), 9.73%,
due 12/12/2030
786,222
650,000
Team Services Group, Term Loan B, (3 mo. USD Term SOFR + 5.25%), 8.98%, due 3/31/2033
643,851
 
2,380,365
Hotels, Restaurants & Leisure 1.2%
418,950
Allwyn Entertainment Financing U.S. LLC, First Lien Term Loan B, (3 mo. USD Term SOFR +
2.50%), 6.32%, due 11/24/2032
414,446
 
Catawba Nation Gaming Authority
445,000
Term Loan B, (3 mo. USD Term SOFR), due 3/29/2032
446,446
(i)(j)
1,465,000
Term Loan B, (3 mo. USD Term SOFR + 4.75%), 8.57%, due 3/29/2032
1,469,761
(i)(j)
605,000
Gaia Purchaser, Inc., Term Loan B, (1 mo. USD Term SOFR), due 6/25/2033
603,488
(i)(j)
423,921
SeaWorld Parks & Entertainment, Inc., Term Loan B3, (1 mo. USD Term SOFR + 2.00%), 5.73%,
due 12/4/2031
420,390
 
3,354,531
Insurance 0.2%
418,942
Alliant Holdings Intermediate LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due
9/19/2031
417,086
IT Services 0.3%
835,000
Ahead DB Holdings LLC, Term Loan B4, (3 mo. USD Term SOFR), due 2/3/2031
827,001
(i)(j)
Machinery 0.1%
285,467
Engineered Machinery Holdings, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.49%,
due 11/26/2032
286,141
Media 0.4%
1,069,038
Discovery Global Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.23%, due
6/3/2033
1,069,712
Total Loan Assignments (Cost $11,639,250)
11,649,399
Number of Shares
Common Stocks 0.1%
Diversified Telecommunication Services 0.1%
8,466
Luxco Co. Ltd. (Cost $177,959)
161,941
*
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
Number of Shares
Value
Short-Term Investments 3.1%
Investment Companies 3.1%
8,512,730
State Street Institutional U.S. Government Money Market Fund Premier Class, 3.68%(k) 
(Cost $8,512,730)
$8,512,730
Total Investments 149.5% (Cost $413,603,961)
409,570,477
Liabilities Less Other Assets (34.9)%
(95,696,948
)
Liquidation Preference of Mandatory Redeemable Preferred Shares (net of unamortized deferred issuance
cost of $3,768) (14.6)%
(39,996,232
)(l)
Net Assets Applicable to Common Stockholders 100.0%
$273,877,297
 
*
Non-income producing security.
(a)
Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are
otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
At July 31, 2026, these securities amounted to $355,243,878, which represents 129.7% 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, 2026 and
changes periodically.
(c)
When-issued security. Total value of all such securities at July 31, 2026 amounted to $4,810,393, which
represents 1.8% of net assets applicable to common stockholders of the Fund.
(d)
All or a portion of this security is pledged with the custodian in connection with the Fund's loans
payable outstanding.
(e)
Payment-in-kind (PIK) security.
(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)
All or a portion of this security is pledged as collateral for reverse repurchase agreements.
(h)
Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed
by the issuer. The date shown reflects the next call date.
(i)
All or a portion of this security was purchased on a delayed delivery basis.
(j)
All or a portion of this security had not settled as of July 31, 2026 and thus may not have an interest
rate in effect. Interest rates do not take effect until settlement.
(k)
Represents 7-day effective yield as of July 31, 2026.
(l)
Fair valued as of July 31, 2026 in accordance with procedures approved by the valuation designee.
See Notes to Schedule of Investments
Schedule of Investments High Yield Strategies Fund Inc.^ (Unaudited)  (cont’d)
 
POSITIONS BY COUNTRY
Country
Investments at
Value
Percentage of Net
Assets Applicable
to Common
Stockholders
United States
$358,369,600
130.9%
Canada
13,524,694
4.9%
France
4,174,806
1.5%
Germany
3,649,582
1.3%
Netherlands
2,910,439
1.1%
Luxembourg
2,789,067
1.0%
Italy
2,668,407
1.0%
Republic of Cameroon
2,219,905
0.8%
Cayman Islands
2,144,013
0.8%
Japan
2,127,134
0.8%
United Kingdom
1,837,680
0.7%
Zambia
1,187,110
0.4%
Australia
1,184,422
0.4%
Finland
897,518
0.3%
Mexico
744,049
0.3%
Spain
629,321
0.2%
Liquidation Preference of Mandatory Redeemable Preferred Shares (net
of unamortized deferred issuance cost of $3,768)
(39,996,232)
(14.6)%
Short-Term Investments and Other Liabilities—Net
(87,184,218)
(31.8)%
 
$273,877,297
100.0%
Reverse Repurchase Agreements
At July 31, 2026, open positions in reverse repurchase agreements for the Fund were as follows: 
Counterparty
Trade Date
Maturity
Date(a)
Interest
Rate Paid
(Received)
Principal
Amount
Value
including
Accrued
Interest
Type of
Underlying
Collateral
Value of
Securities
Pledged as
Collateral
Remaining
Contractual
Maturity
of the
Agreements(a)
Merrill Lynch
International
7/16/2026
Open/Demand
2.75
%
$768,788
$769,668
Corporate Bonds
$826,749
Overnight and Continuous
 
(a)
Open reverse repurchase agreement with no specific maturity date. Either party may terminate the
agreement upon demand.
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, 2026: 
Asset Valuation Inputs
Level 1
Level 2
Level 3
Total
Investments:
 
 
 
 
Asset-Backed Securities#
$—
$1,250,000
$—
$1,250,000
Corporate Bonds#
—
387,996,407
—
387,996,407
Loan Assignments#
—
11,649,399
—
11,649,399
Common Stocks#
—
161,941
—
161,941
Short-Term Investments
—
8,512,730
—
8,512,730
Total Investments
$—
$409,570,477
$—
$409,570,477
 
#
The Schedule of Investments provides information on the industry or sector categorization as well as a
Positions by Country summary.
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 and Reverse Repurchase Agreements as of July 31, 2026: 
Liability Valuation Inputs
Level 1
Level 2
Level 3
Total
Other Financial Instruments:
 
 
 
 
Mandatory Redeemable Preferred Shares(a)
$—
$(40,000,000
)
$—
$(40,000,000
)
Reverse Repurchase Agreements
—
(769,668
)
—
(769,668
)
Total Other Financial Instruments
$—
$(40,769,668
)
$—
$(40,769,668
)
 
(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, 2026
Notes to Schedule of Investments Neuberger High Yield Strategies Fund Inc. (Unaudited) 
In accordance with Accounting Standards Codification 820 “Fair Value Measurement” (“ASC 820”), all investments held by Neuberger High Yield Strategies Fund Inc. (the “Fund”) are carried at the value that Management believes the Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Fund's investments, some of which are discussed below. At times, Management may need to apply significant judgment to value investments in accordance with ASC 820. Effective December 18, 2025, the Fund's name was changed from Neuberger Berman High Yield Strategies Fund Inc. to Neuberger High Yield Strategies Fund Inc. 
ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below. 
•
Level 1 – unadjusted quoted prices in active markets for identical investments
•
Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)
•
Level 3 – unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities. 
The value of the Fund’s investments in common stocks, for which market quotations are readily available, is generally determined by Management by obtaining valuations from independent pricing services based on the latest sale price quoted on a principal exchange or market for that security (Level 1 inputs). Securities traded primarily on the NASDAQ Stock Market are normally valued at the NASDAQ Official Closing Price ("NOCP") provided by NASDAQ each business day. The NOCP is the most recently reported price as of 4:00:02 p.m., Eastern Time, unless that price is outside the range of the "inside" bid and asked prices (i.e., the bid and asked prices that dealers quote to each other when trading for their own accounts); in that case, NASDAQ will adjust the price to equal the inside bid or asked price, whichever is closer. Because of delays in reporting trades, the NOCP may not be based on the price of the last trade to occur before the market closes. If there is no sale of a security on a particular day, the independent pricing services may value the security based on market quotations. 
The value of the Fund’s investments in debt securities is determined by Management primarily by obtaining valuations from independent pricing services based on bid quotations, or if quotations are not available, by methods that include various considerations based on security type (generally Level 2 inputs). In addition to the consideration of yields or prices of securities of comparable quality, coupon, maturity and type, indications as to values from dealers, and general market conditions, the following is a description of other Level 2 inputs and related valuation techniques used by independent pricing services to value certain types of debt securities held by the Fund: 
Corporate Bonds. Inputs used to value corporate debt securities generally include relevant credit information, observed market movements, sector news, U.S. Treasury yield curve or relevant benchmark curve, and other market information, which may include benchmark yield curves, reported trades, broker-dealer quotes, issuer spreads, comparable securities, and reference data, such as market research publications, when available (“Other Market Information”).
Collateralized Loan Obligations (CLOs). The value of collateralized loan obligations is primarily determined by cash flow data, relevant loan pricing data and market color, and research from market participants and trading desks (Level 2 or 3 inputs).
For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.
Notes to Schedule of Investments Neuberger High Yield Strategies Fund Inc. (Unaudited)  (cont’d)
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). 
The value of the Fund's Mandatory Redeemable Preferred Shares is estimated to be their liquidation preference (Level 2 inputs). 
The value of reverse repurchase agreements is determined by Management primarily by obtaining valuations from independent pricing services, which are evaluated at par (Level 2 inputs) in line with market conventions. 
Management has developed a process to periodically review information provided by independent pricing services for all types of securities. 
Investments in non-exchange traded investment companies are valued using the respective fund's daily calculated net asset value per share (Level 2 inputs), when available. 
If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount the Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers(generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not available, the security is valued using methods Management has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Directors designated Management as the Fund's valuation designee. As the Fund's valuation designee, Management is responsible for determining fair value in good faith for all Fund investments. Inputs and assumptions considered in determining fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of security; the initial cost of the security; the existence of any contractual restrictions on the security’s disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers or pricing services; information obtained from the issuer and analysts; an analysis of the company’s or issuer’s financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold. 
Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or traded. 
For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.
Notes to Schedule of Investments Neuberger 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.