Certificate of Accounting of Securities and Similar Investments in the Custody of Management Investment Companies Filed Pursuant to Rule 17f-2 (40-17f2)
10 Fevereiro 2023 - 6:29PM
Edgar (US Regulatory)
Report of Independent Registered Public
Accounting Firm
The Board of Directors of
BNY Mellon High Yield Strategies Fund:
We have examined management of BNY Mellon High Yield Strategies
Fund's 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)
(the specified requirements) as of August 31, 2022. BNY Mellon High
Yield Strategies Fund management is responsible for its assertion. Our
responsibility is to express an opinion on management's assertion about
the Fund's compliance with the specified requirements based on our
examination.
Our examination was conducted in accordance with attestation
standards established by the AICPA. Those standards require that we
plan and perform the examination to obtain reasonable assurance about
whether management's assertion about compliance with the specified
requirements is fairly stated, in all material respects. An examination
involves performing procedures to obtain evidence about whether
management's assertion is fairly stated in all material respects. The
nature, timing, and extent of the procedures selected depend on our
judgement, including an assessment of the risks of material
misstatement of management's 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.
We are required to be independent and to meet our other ethical
responsibilities in accordance with relevant ethical requirements relating
to the engagement.
Included among our procedures were the following tests performed as
of August 31, 2022, and with respect to agreement of security
purchases and sales, for the period from May 31, 2022 (the date of the
Fund's last examination), through August 31, 2022:
1. Confirmation with the Custodian of all securities held, hypothecated,
pledged or placed in escrow or out for transfer with brokers, pledgees,
or transfer agents;
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 Fund's 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 August 31, 2022, if any, to documentation of
corresponding subsequent bank statements;
5. Agreement of five security purchases and five security sales or
maturities, since the date of the last examination, from the
books and records of the Fund to corresponding bank
statements;
6. Confirmation of all repurchase agreements with broker(s)/bank(s) and/or
agreement of corresponding subsequent cash receipts to bank
statements and agreement of underlying collateral with the Custodian
records, if any;
7. Review of the BNY Mellon Asset Servicing Custody and Securities
Lending Services Service Organization Control Report ("SOC 1 Report")
for the period July 1, 2021 - June 30, 2022 and noted no relevant
findings were reported in the areas of Asset Custody and Trade
Settlement.
Our examination does not provide a legal determination on the Fund's
compliance with specified requirements.
In our opinion, management's 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 August 31, 2022, with respect to securities
reflected in the investment accounts of the Fund 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
February 10, 2023
February 10, 2023
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 Fund's
compliance with the requirements of subsections (b) and (c) of Rule
17f-2 as of August 31, 2022 and for the period from May 31, 2022 (the
date of the Fund's last examination) through August 31, 2022.
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 August 31, 2022 and for the
period from May 31, 2022 (the date of the Fund's last examination)
through August 31, 2022, with respect to securities reflected in the
investment accounts of the Fund.
BNY Mellon High Yield Strategies Fund
Jim Windels
Treasurer
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