0001729678-20-000009.txt : 20200626 0001729678-20-000009.hdr.sgml : 20200626 20200626143947 ACCESSION NUMBER: 0001729678-20-000009 CONFORMED SUBMISSION TYPE: 40-17F2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200626 DATE AS OF CHANGE: 20200626 EFFECTIVENESS DATE: 20200626 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BNY MELLON HIGH YIELD STRATEGIES FUND CENTRAL INDEX KEY: 0001057861 IRS NUMBER: 134001109 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: 1940 Act SEC FILE NUMBER: 811-08703 FILM NUMBER: 20993279 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS HIGH YIELD STRATEGIES FUND DATE OF NAME CHANGE: 19980316 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BNY MELLON HIGH YIELD STRATEGIES FUND CENTRAL INDEX KEY: 0001057861 IRS NUMBER: 134001109 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 40-17F2 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS HIGH YIELD STRATEGIES FUND DATE OF NAME CHANGE: 19980316 40-17F2 1 r-40172033120201.txt Report of Independent Registered Public Accounting Firm The Board of Directors of BNY Mellon High Yield Strategies Fund: We have examined managements assertion, included in the accompanying Management Statement Regarding Compliance With Certain Provisions of the Investment Company Act of 1940, that BNY Mellon High Yield Strategies Fund (the Fund), the sole series of BNY Mellon High Yield Strategies Fund, complied with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 (the Act) as of March 31, 2020. Management is responsible for its assertion about the Funds compliance with those requirements of subsections (b) and (c) of Rule 17f-2 of the Act (the specified requirements). Our responsibility is to express an opinion on managements assertion about the Funds compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether managements assertion about compliance with the specified requirements is fairly stated, in all material respects. An examination involves performing procedures to obtain evidence about whether managements assertion is fairly stated in all materials respects. The nature, timing, and extent of the procedures selected depend on our judgement, including an assessment of the risks of material misstatement of managements assertion, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Included among our procedures were the following tests performed as of March 31, 2020, and with respect to agreement of security purchases and sales, for the period from November 30, 2019 (the date of the Funds last examination) through March 31, 2020: 1. Confirmation with the Custodian of all securities held, hypothecated, pledged or placed in escrow or out for transfer with brokers or pledgees, if any; 2. Obtained the Custodian reconciliation of security positions held by institutions in book entry form (e.g., the Federal Reserve Bank, The Depository Trust Company and various sub-custodians) to Custodian records and verified that reconciling items were cleared in a timely manner; 3. Reconciliation of the Funds securities per the books and records of the Fund to those of the Custodian; 4. Agreement of pending purchase and sale activity for the Fund as of March 31, 2020, if any, to documentation of corresponding subsequent bank statements; 5. Agreement of five security purchases and five security sales, since the date of the last examination, from the books and records of the Fund to corresponding bank statements; 6. Review of the BNY Mellon Asset Servicing Custody and Securities Lending Services Service Organization Control Report (SOC 1 Report) for the period April 1, 2019 to March 31, 2020 and noted no relevant findings were reported in the areas of Asset Custody and Trade Settlement. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Funds compliance with specified requirements. In our opinion, managements assertion that the Fund complied with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of March 31, 2020, with respect to securities reflected in the investment accounts of the Funds is fairly stated, in all material respects. This report is intended solely for the information and use of management and The Board of Directors of BNY Mellon High Yield Strategies Fund, and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ KPMG LLP New York, New York June 26, 2020 June 26, 2020 Management Statement Regarding Compliance With Certain Provisions of the Investment Company Act of 1940 We, as members of management of BNY Mellon High Yield Strategies Fund (the Fund), the sole series of BNY Mellon High Yield Strategies Fund, are responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, Custody of Investments by Registered Management Investment Companies of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Funds compliance with the requirements of subsections (b) and (c) of Rule 17f-2 as of March 31, 2020 and for the period from November 30, 2019 (the date of the Funds last examination) through March 31, 2020. Based on the evaluation, we assert that the Fund was in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of March 31, 2020, and for the period from November 30, 2019 (the date of the Funds last examination) through March 31, 2020 with respect to securities reflected in the investment accounts of the Funds. BNY Mellon High Yield Strategies Fund Jim Windels Treasurer 2