Neuberger Berman High Yield Strategies Fund (NHS) NPORT-P Neuberger Berman High Yield Strategies Fund Inc. (Jul 2020 report)

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) July 31, 2020

PRINCIPAL AMOUNT				VALUE
Loan Assignments(a) 5.5%
Building & Development 0.2%
$	553,588	NCI Building Systems, Inc., Term Loan, (1M USD LIBOR + 3.75%), 3.93%, due 4/12/2025	$	541,481
Chemicals & Plastics 0.4%
		Solenis Holdings LLC
	505,699	First Lien Term Loan, (3M USD LIBOR + 4.00%), 4.36%, due 6/26/2025		491,070
	390,000	Second Lien Term Loan, (3M USD LIBOR + 8.50%), 8.86%, due 6/26/2026		338,676
			829,746
Containers & Glass Products 0.2%
	554,987	BWAY Holding Company, Term Loan B, (3M USD LIBOR + 3.25%), 3.52%, due 4/3/2024		517,109
Electronics - Electrical 0.2%
	465,000	Redstone Buyer LLC, Term Loan, (USD LIBOR + 5.00%), due 6/29/2027		460,350	(b)(c)(d)
Food Service 0.2%
	600,000	Welbilt, Inc., Term Loan B, (1M USD LIBOR + 2.50%), 2.66%, due 10/23/2025		525,000	(d)
Industrial Equipment 0.3%
	689,788	Granite Holdings US Acquisition Co., Term Loan B, (3M USD LIBOR + 5.25%), 6.32%, due 9/30/2026		605,288	(d)
Leisure Goods - Activities - Movies 0.2%
	475,000	Carnival Corporation, Term Loan B, (1M USD LIBOR + 7.50%), 8.50%, due 6/30/2025		464,612
Oil & Gas 1.1%
	1,219,315	BCP Raptor, LLC, Term Loan B, (3M USD LIBOR + 4.25%), 5.25%, due 6/24/2024		925,155
	1,344,795	Brazos Delaware II, LLC, Term Loan B, (1M USD LIBOR + 4.00%), 4.18%, due 5/21/2025		929,832
	895,950	Lower Cadence Holdings LLC, Term Loan B, (1M USD LIBOR + 4.00%), 4.16%, due 5/22/2026		788,812
			2,643,799
Retailers (except food & drug) 1.4%
	2,178,685	Bass Pro Group, LLC, Term Loan B, (3M USD LIBOR + 5.00%), 6.07%, due 9/25/2024		2,164,044
	1,233,264	Staples, Inc., Term Loan, (3M USD LIBOR + 5.00%), 5.69%, due 4/16/2026		1,058,215
			3,222,259
Telecommunications 1.0%
	1,830,880	Frontier Communications Corp., Term Loan B1, (1M USD LIBOR + 3.75%, 3M USD LIBOR + 2.75%), 3.91% - 6.00%, due 6/15/2024		1,798,840	(e)
		Intelsat Jackson Holdings S.A.
	157,500	Term Loan, (3M USD LIBOR + 5.50%), 6.50%, due 7/13/2022		160,125
	454,669	Term Loan B3, (3M USD LIBOR + 4.75%), 8.00%, due 11/27/2023		457,297
			2,416,262
Utilities 0.3%
	586,872	Granite Generation LLC, Term Loan B, (1M USD LIBOR + 3.75%, 3M USD LIBOR + 3.75%), 4.75%, due 11/9/2026		577,705	(e)
		Total Loan Assignments (Cost $13,810,259)		12,803,611

See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) (cont’d)

PRINCIPAL AMOUNT				VALUE
Corporate Bonds 144.3%
Advertising 1.6%
$	1,490,000	Nielsen Co. Luxembourg S.a.r.l., 5.00%, due 2/1/2025	$	1,529,142	(f)
	1,585,000	Nielsen Finance LLC/Nielsen Finance Co., 5.00%, due 4/15/2022		1,591,974	(f)
		Outfront Media Capital LLC/Outfront Media Capital Corp.
	145,000	5.00%, due 8/15/2027		141,973	(f)
	545,000	4.63%, due 3/15/2030		509,575	(f)
			3,772,664
Aerospace & Defense 2.9%
	645,000	Boeing Co., 5.15%, due 5/1/2030		706,384
		TransDigm, Inc.
	985,000	6.38%, due 6/15/2026		965,655
	2,990,000	7.50%, due 3/15/2027		3,049,800
	2,030,000	5.50%, due 11/15/2027		1,925,861
			6,647,700
Air Transportation 1.2%
	510,000	American Airlines Group, Inc., 3.75%, due 3/1/2025		226,981	(f)
	340,000	Delta Air Lines, Inc., 7.38%, due 1/15/2026		336,989
	1,820,000	Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, due 6/20/2027		1,883,700	(f)
	400,000	United Airlines Holdings, Inc., 4.25%, due 10/1/2022		357,096	(g)
			2,804,766
Auto Loans 1.8%
		Ford Motor Credit Co. LLC
	430,000	5.88%, due 8/2/2021		441,287
	540,000	3.81%, due 10/12/2021		545,530
	1,540,000	5.13%, due 6/16/2025		1,641,748
	650,000	4.39%, due 1/8/2026		667,667
	845,000	5.11%, due 5/3/2029		900,981
			4,197,213
Auto Parts & Equipment 1.3%
	655,000	American Axle & Manufacturing, Inc., 6.88%, due 7/1/2028		667,910
	445,000	Dealer Tire LLC/DT Issuer LLC, 8.00%, due 2/1/2028		437,213	(f)
	1,295,000	Goodyear Tire & Rubber Co., 9.50%, due 5/31/2025		1,455,256
		Panther BF Aggregator 2 L.P./Panther Finance Co., Inc.
	185,000	6.25%, due 5/15/2026		197,972	(f)
	320,000	8.50%, due 5/15/2027		336,320	(f)
			3,094,671
Automakers 3.6%
		Ford Motor Co.
	330,000	9.00%, due 4/22/2025		388,781
	1,090,000	9.63%, due 4/22/2030		1,446,201
	200,000	7.45%, due 7/16/2031		237,060
	1,005,000	4.75%, due 1/15/2043		919,575
	4,600,000	7.40%, due 11/1/2046		4,835,750
	525,000	5.29%, due 12/8/2046		498,908
			8,326,275
Banking 1.0%
	415,000	CIT Group, Inc., 5.25%, due 3/7/2025		444,050
	1,310,000	GMAC LLC, 8.00%, due 11/1/2031		1,811,522
			2,255,572
Brokerage 0.7%
	1,550,000	LPL Holdings, Inc., 5.75%, due 9/15/2025		1,612,000	(f)

See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) (cont’d)

PRINCIPAL AMOUNT				VALUE
Building & Construction 1.4%
$	400,000	Shea Homes L.P./Shea Homes Funding Corp., 4.75%, due 2/15/2028	$	419,660	(f)
		Taylor Morrison Communities, Inc.
	1,560,000	5.75%, due 1/15/2028		1,751,428	(f)
	510,000	5.13%, due 8/1/2030		557,175	(f)
		TRI Pointe Group, Inc.
	350,000	5.25%, due 6/1/2027		367,500
	240,000	5.70%, due 6/15/2028		264,000
			3,359,763
Building Materials 5.6%
	2,990,000	Beacon Roofing Supply, Inc., 4.88%, due 11/1/2025		2,926,821	(f)
	290,000	CD&R Waterworks L.P., 6.13%, due 8/15/2025		298,723	(f)
	550,000	Forterra Finance LLC/FRTA Finance Corp., 6.50%, due 7/15/2025		583,000	(f)
	500,000	GPC Merger Sub, Inc., 7.13%, due 8/15/2028		520,000	(f)(h)
		Jeld-Wen, Inc.
	600,000	4.63%, due 12/15/2025		606,000	(f)
	2,605,000	4.88%, due 12/15/2027		2,650,588	(f)
		Masonite Int'l Corp.
	540,000	5.75%, due 9/15/2026		565,855	(f)
	2,940,000	5.38%, due 2/1/2028		3,131,100	(f)
	785,000	PLY Gem Midco LLC, 8.00%, due 4/15/2026		806,540	(f)
		Standard Industries, Inc.
	375,000	5.00%, due 2/15/2027		400,463	(f)
	630,000	4.38%, due 7/15/2030		680,400	(f)
			13,169,490
Cable & Satellite Television 7.6%
		CCO Holdings LLC/CCO Holdings Capital Corp.
	2,595,000	5.00%, due 2/1/2028		2,750,700	(f)
	2,255,000	4.50%, due 8/15/2030		2,390,074	(f)
	140,000	4.50%, due 5/1/2032		147,700	(f)
		CSC Holdings LLC
	890,000	6.63%, due 10/15/2025		930,050	(f)
	1,490,000	5.50%, due 5/15/2026		1,562,638	(f)
	1,735,000	5.50%, due 4/15/2027		1,860,788	(f)
	560,000	7.50%, due 4/1/2028		644,168	(f)
	705,000	6.50%, due 2/1/2029		807,225	(f)
	2,660,000	5.75%, due 1/15/2030		2,948,743	(f)
	215,000	4.13%, due 12/1/2030		226,556	(f)
	250,000	4.63%, due 12/1/2030		262,500	(f)
		DISH DBS Corp.
	780,000	7.75%, due 7/1/2026		879,528
	330,000	7.38%, due 7/1/2028		349,292	(f)
	1,050,000	Dolya Holdco 18 DAC, 5.00%, due 7/15/2028		1,095,843	(f)
	525,000	Virgin Media Finance PLC, 5.00%, due 7/15/2030		548,541	(f)
	200,000	Virgin Media Secured Finance PLC, 5.50%, due 8/15/2026		212,458	(f)
			17,616,804
Chemicals 2.9%
	950,000	Alpha 3 BV/Alpha U.S. Bidco, Inc., 6.25%, due 2/1/2025		977,312	(f)
	390,000	Minerals Technologies, Inc., 5.00%, due 7/1/2028		404,742	(f)
	1,380,000	Nouryon Holding BV, 8.00%, due 10/1/2026		1,471,867	(f)
		NOVA Chemicals Corp.
	965,000	4.88%, due 6/1/2024		962,587	(f)
	961,000	5.25%, due 6/1/2027		909,346	(f)
	565,000	Olin Corp., 5.63%, due 8/1/2029		542,457
	430,000	Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc., 5.38%, due 9/1/2025		424,625	(f)

See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) (cont’d)

PRINCIPAL AMOUNT				VALUE
$	1,010,000	Tronox, Inc., 6.50%, due 4/15/2026	$	1,012,525	(f)(g)
			6,705,461
Consumer - Commercial Lease Financing 1.5%
	715,000	AerCap Global Aviation Trust, 6.50%, due 6/15/2045		569,140	(f)(i)
	1,310,000	Global Aircraft Leasing Co. Ltd., 6.50% Cash/7.25% PIK, due 9/15/2024		815,475	(f)(j)
		Springleaf Finance Corp.
	1,075,000	6.13%, due 3/15/2024		1,169,847
	320,000	8.88%, due 6/1/2025		360,800
	580,000	7.13%, due 3/15/2026		679,952
			3,595,214
Diversified Capital Goods 0.2%
	505,000	Resideo Funding, Inc., 6.13%, due 11/1/2026		515,100	(f)
Electric - Generation 3.6%
		Calpine Corp.
	3,915,000	5.75%, due 1/15/2025		4,028,535	(g)
	275,000	4.50%, due 2/15/2028		283,937	(f)
	1,205,000	5.13%, due 3/15/2028		1,251,694	(f)
	1,170,000	4.63%, due 2/1/2029		1,181,677	(f)(h)
	1,630,000	5.00%, due 2/1/2031		1,670,554	(f)(h)
			8,416,397
Electric - Integrated 2.0%
		Talen Energy Supply LLC
	850,000	10.50%, due 1/15/2026		658,665	(f)
	1,415,000	7.25%, due 5/15/2027		1,471,600	(f)
	2,040,000	6.63%, due 1/15/2028		2,048,425	(f)
	380,000	7.63%, due 6/1/2028		397,100	(f)
			4,575,790
Electronics 1.8%
	3,015,000	Amkor Technology, Inc., 6.63%, due 9/15/2027		3,316,500	(f)
	756,000	Nokia Oyj, 6.63%, due 5/15/2039		963,900
			4,280,400
Energy - Exploration & Production 7.2%
	535,000	Apache Corp., 4.38%, due 10/15/2028		534,331
		Ascent Resources Utica Holdings LLC/ARU Finance Corp.
	165,000	10.00%, due 4/1/2022		136,381	(f)
	2,445,000	7.00%, due 11/1/2026		1,564,800	(f)
	940,000	Comstock Escrow Corp., 9.75%, due 8/15/2026		940,000
	480,000	Comstock Resources, Inc., 9.75%, due 8/15/2026		479,846
	2,155,000	CrownRock L.P./CrownRock Finance, Inc., 5.63%, due 10/15/2025		2,111,900	(f)
		Hilcorp Energy I L.P./Hilcorp Finance Co.
	590,000	5.75%, due 10/1/2025		559,394	(f)
	685,000	6.25%, due 11/1/2028		629,344	(f)
	1,400,000	Matador Resources Co., 5.88%, due 9/15/2026		1,065,736
		Occidental Petroleum Corp.
	1,055,000	2.70%, due 2/15/2023		1,011,808
	1,120,000	2.90%, due 8/15/2024		1,053,864
	225,000	7.50%, due 5/1/2031		237,937
	1,345,000	7.88%, due 9/15/2031		1,430,744
	635,000	Parsley Energy LLC/Parsley Finance Corp., 5.63%, due 10/15/2027		665,162	(f)
	1,065,000	PDC Energy, Inc., 5.75%, due 5/15/2026		1,067,354

See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) (cont’d)

PRINCIPAL AMOUNT				VALUE
		Range Resources Corp.
$	490,000	4.88%, due 5/15/2025	$	410,375	(g)
	1,015,000	9.25%, due 2/1/2026		979,475	(f)
		WPX Energy, Inc.
	1,330,000	5.75%, due 6/1/2026		1,356,600
	570,000	5.88%, due 6/15/2028		583,897	(g)
			16,818,948
Food - Wholesale 3.6%
		Kraft Heinz Foods Co.
	1,315,000	5.20%, due 7/15/2045		1,499,611
	1,750,000	4.88%, due 10/1/2049		1,932,779	(f)
		Performance Food Group, Inc.
	240,000	6.88%, due 5/1/2025		258,600	(f)
	1,780,000	5.50%, due 10/15/2027		1,837,850	(f)
		Post Holdings, Inc.
	530,000	5.75%, due 3/1/2027		564,450	(f)
	615,000	5.63%, due 1/15/2028		672,072	(f)
	665,000	4.63%, due 4/15/2030		699,912	(f)
	840,000	U.S. Foods, Inc., 6.25%, due 4/15/2025		900,900	(f)
			8,366,174
Gaming 1.3%
		Boyd Gaming Corp.
	765,000	6.38%, due 4/1/2026		782,212
	355,000	6.00%, due 8/15/2026		359,438
	1,335,000	Churchill Downs, Inc., 5.50%, due 4/1/2027		1,396,744	(f)
	405,000	MGM Growth Properties Operating Partnership L.P./MGP Finance Co-Issuer, Inc., 4.63%, due 6/15/2025		425,752	(f)
			2,964,146
Gas Distribution 12.0%
	705,000	Antero Midstream Partners L.P./Antero Midstream Finance Corp., 5.38%, due 9/15/2024		639,534
		Buckeye Partners L.P.
	640,000	4.13%, due 3/1/2025		643,200	(f)
	1,680,000	3.95%, due 12/1/2026		1,667,400
	3,285,000	4.13%, due 12/1/2027		3,202,875
	650,000	4.50%, due 3/1/2028		646,750	(f)
	605,000	5.85%, due 11/15/2043		556,600
		Cheniere Energy Partners L.P.
	290,000	5.25%, due 10/1/2025		297,250
	525,000	5.63%, due 10/1/2026		554,531
	2,105,000	4.50%, due 10/1/2029		2,226,669
	1,215,000	DCP Midstream LLC, 5.85%, due 5/21/2043		923,400	(f)(i)
		DCP Midstream Operating L.P.
	895,000	5.63%, due 7/15/2027		928,562
	785,000	5.60%, due 4/1/2044		686,647
		EQM Midstream Partners L.P.
	455,000	6.00%, due 7/1/2025		482,600	(f)
	580,000	6.50%, due 7/1/2027		639,508	(f)
		EQT Midstream Partners L.P.
	1,015,000	4.75%, due 7/15/2023		1,029,210
	420,000	4.00%, due 8/1/2024		421,096
	590,000	4.13%, due 12/1/2026		573,775
	1,445,000	5.50%, due 7/15/2028		1,498,176	(k)
		Genesis Energy L.P./Genesis Energy Finance Corp.
	165,000	6.50%, due 10/1/2025		152,831
	685,000	6.25%, due 5/15/2026		643,900

See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) (cont’d)

PRINCIPAL AMOUNT				VALUE
		Global Partners L.P./GLP Finance Corp.
$	155,000	7.00%, due 6/15/2023	$	152,706
	625,000	7.00%, due 8/1/2027		604,688
		NuStar Logistics L.P.
	460,000	6.00%, due 6/1/2026		471,500
	570,000	5.63%, due 4/28/2027		556,434
	1,200,000	Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 5.75%, due 4/15/2025		588,000
		Tallgrass Energy Partners L.P./Tallgrass Energy Finance Corp.
	280,000	4.75%, due 10/1/2023		269,856	(f)
	400,000	5.50%, due 9/15/2024		383,628	(f)
	660,000	6.00%, due 3/1/2027		599,610	(f)
	535,000	5.50%, due 1/15/2028		476,086	(f)
		Targa Resources Partners L.P./Targa Resources Partners Finance Corp.
	685,000	5.13%, due 2/1/2025		695,275
	176,000	5.38%, due 2/1/2027		181,838
	2,420,000	5.50%, due 3/1/2030		2,541,000	(f)
		Western Midstream Operating L.P.
	470,000	3.10%, due 2/1/2025		468,872
	1,665,000	4.05%, due 2/1/2030		1,686,029
			28,090,036
Health Facilities 4.8%
	955,000	Acadia Healthcare Co., Inc., 5.50%, due 7/1/2028		1,006,331	(f)
	2,040,000	Columbia/HCA Corp., 7.50%, due 11/15/2095		2,499,000
		HCA, Inc.
	1,835,000	5.38%, due 9/1/2026		2,101,075
	1,050,000	5.63%, due 9/1/2028		1,252,125
	140,000	5.88%, due 2/1/2029		170,450
	140,000	3.50%, due 9/1/2030		147,117
	835,000	Select Medical Corp., 6.25%, due 8/15/2026		899,713	(f)
		Tenet Healthcare Corp.
	480,000	8.13%, due 4/1/2022		517,200
	1,610,000	6.75%, due 6/15/2023		1,698,550
	420,000	4.63%, due 6/15/2028		441,714	(f)
	450,000	THC Escrow Corp., 7.00%, due 8/1/2025		464,531	(g)
			11,197,806
Health Services 3.1%
	1,035,000	Envision Healthcare Corp., 8.75%, due 10/15/2026		414,000	(f)
		Jaguar Holding Co. II/PPD Development L.P.
	530,000	4.63%, due 6/15/2025		553,850	(f)
	1,110,000	5.00%, due 6/15/2028		1,182,150	(f)
		Ortho-Clinical Diagnostics, Inc./Ortho-Clinical Diagnostics SA
	380,000	7.38%, due 6/1/2025		404,700	(f)
	1,145,000	7.25%, due 2/1/2028		1,197,956	(f)
	950,000	Team Health Holdings, Inc., 6.38%, due 2/1/2025		551,000	(f)
	720,000	Vizient, Inc., 6.25%, due 5/15/2027		766,800	(f)
	2,120,000	West Street Merger Sub, Inc., 6.38%, due 9/1/2025		2,151,800	(f)
			7,222,256
Hotels 0.6%
		Hilton Domestic Operating Co., Inc.
	430,000	4.25%, due 9/1/2024		434,300
	105,000	5.13%, due 5/1/2026		108,675
	105,000	5.75%, due 5/1/2028		112,088	(f)

See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) (cont’d)

PRINCIPAL AMOUNT				VALUE
		Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.
$	60,000	4.63%, due 4/1/2025	$	60,975
	435,000	4.88%, due 4/1/2027		451,856
	295,000	Wyndham Hotels & Resorts, Inc., 5.38%, due 4/15/2026		300,900	(f)
			1,468,794
Insurance Brokerage 5.1%
	1,355,000	Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, due 10/15/2027		1,439,688	(f)
	405,000	AmWINS Group, Inc., 7.75%, due 7/1/2026		446,006	(f)
	1,780,000	AssuredPartners, Inc., 7.00%, due 8/15/2025		1,806,700	(f)
	3,115,000	GTCR AP Finance, Inc., 8.00%, due 5/15/2027		3,286,325	(f)
	4,675,000	HUB Int'l Ltd., 7.00%, due 5/1/2026		4,897,062	(f)
			11,875,781
Investments & Misc. Financial Services 0.4%
	920,000	MSCI, Inc., 5.38%, due 5/15/2027		1,003,950	(f)
Machinery 0.9%
	245,000	Granite U.S. Holdings Corp., 11.00%, due 10/1/2027		235,200	(f)
	835,000	Harsco Corp., 5.75%, due 7/31/2027		876,032	(f)
		Hillenbrand, Inc.
	255,000	5.75%, due 6/15/2025		274,125
	25,000	4.50%, due 9/15/2026		26,875
	235,000	Vertical Holdco GmbH, 7.63%, due 7/15/2028		249,687	(f)
	475,000	Vertical U.S. Newco, Inc., 5.25%, due 7/15/2027		503,500	(f)
			2,165,419
Managed Care 2.9%
		Centene Corp.
	1,110,000	4.25%, due 12/15/2027		1,179,375
	2,005,000	4.63%, due 12/15/2029		2,236,096
	2,740,000	MPH Acquisition Holdings LLC, 7.13%, due 6/1/2024		2,811,925	(f)
	560,000	Polaris Intermediate Corp., 8.50% Cash/9.25% PIK, due 12/1/2022		569,655	(f)(j)
			6,797,051
Media Content 5.0%
		Netflix, Inc.
	670,000	3.63%, due 6/15/2025		710,200	(f)
	820,000	5.88%, due 11/15/2028		1,012,700
	1,650,000	6.38%, due 5/15/2029		2,095,500
	1,270,000	5.38%, due 11/15/2029		1,538,287	(f)
		Sirius XM Radio, Inc.
	1,350,000	5.38%, due 7/15/2026		1,422,481	(f)
	1,195,000	5.00%, due 8/1/2027		1,273,655	(f)
	2,445,000	5.50%, due 7/1/2029		2,723,119	(f)
	905,000	4.13%, due 7/1/2030		955,047	(f)
			11,730,989
Medical Products 0.5%
	695,000	Avantor Funding, Inc., 4.63%, due 7/15/2028		735,171	(f)
	380,000	Hologic, Inc., 4.63%, due 2/1/2028		406,600	(f)
			1,141,771
Metals - Mining Excluding Steel 5.4%
	505,000	Alcoa Nederland Holding B.V., 5.50%, due 12/15/2027		544,289	(f)
	270,000	Arconic Rolled Products Corp., 6.13%, due 2/15/2028		287,887	(f)
	616,000	Constellium NV, 6.63%, due 3/1/2025		636,020	(f)
	590,000	Constellium SE, 5.63%, due 6/15/2028		618,910	(f)
	540,000	First Quantum Minerals Ltd., 6.88%, due 3/1/2026		541,350	(f)

See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) (cont’d)

PRINCIPAL AMOUNT				VALUE
		Freeport-McMoRan, Inc.
$	1,745,000	5.00%, due 9/1/2027	$	1,858,059
	330,000	4.13%, due 3/1/2028		346,912
	895,000	4.38%, due 8/1/2028		948,968
	290,000	5.25%, due 9/1/2029		319,000
	330,000	4.25%, due 3/1/2030		344,784
	835,000	4.63%, due 8/1/2030		893,450
	790,000	5.40%, due 11/14/2034		886,775
	430,000	5.45%, due 3/15/2043		478,375
		Howmet Aerospace, Inc.
	205,000	6.88%, due 5/1/2025		232,773
	405,000	5.90%, due 2/1/2027		450,575
	1,417,000	Hudbay Minerals, Inc., 7.63%, due 1/15/2025		1,434,712	(f)
		Novelis Corp.
	505,000	5.88%, due 9/30/2026		538,790	(f)
	1,185,000	4.75%, due 1/30/2030		1,236,275	(f)
			12,597,904
Oil Field Equipment & Services 1.6%
	755,000	Archrock Partners L.P./Archrock Partners Finance Corp., 6.25%, due 4/1/2028		762,550	(f)
	325,000	Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, due 7/1/2028		348,563	(f)
		Precision Drilling Corp.
	995,000	7.75%, due 12/15/2023		746,250
	1,060,000	5.25%, due 11/15/2024		744,650
		USA Compression Partners L.P./USA Compression Finance Corp.
	625,000	6.88%, due 4/1/2026		640,625
	380,000	6.88%, due 9/1/2027		388,470
			3,631,108
Packaging 1.6%
	605,000	Berry Global Escrow Corp., 5.63%, due 7/15/2027		647,350	(f)
	555,000	Berry Global, Inc., 4.50%, due 2/15/2026		569,080	(f)
		BWAY Holding Co.
	75,000	5.50%, due 4/15/2024		76,468	(f)
	1,520,000	7.25%, due 4/15/2025		1,459,200	(f)
	1,010,000	Trident TPI Holdings, Inc., 9.25%, due 8/1/2024		1,071,873	(f)
			3,823,971
Personal & Household Products 0.9%
	500,000	Edgewell Personal Care Co., 5.50%, due 6/1/2028		541,250	(f)
		Energizer Holdings, Inc.
	55,000	7.75%, due 1/15/2027		61,050	(f)
	755,000	4.75%, due 6/15/2028		809,813	(f)
	620,000	Spectrum Brands, Inc., 5.50%, due 7/15/2030		643,250	(f)
			2,055,363
Pharmaceuticals 0.4%
	365,000	Bausch Health Americas, Inc., 8.50%, due 1/31/2027		406,063	(f)
		Valeant Pharmaceuticals Int’l, Inc.
	32,000	5.50%, due 3/1/2023		32,000	(f)
	370,000	6.13%, due 4/15/2025		382,025	(f)
			820,088
Rail 0.2%
	525,000	Watco Cos. LLC/Watco Finance Corp., 6.50%, due 6/15/2027		560,438	(f)

See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) (cont’d)

PRINCIPAL AMOUNT				VALUE
Real Estate Development & Management 1.1%
		Realogy Group LLC/Realogy Co-Issuer Corp.
$	860,000	4.88%, due 6/1/2023	$	860,000	(f)(g)
	655,000	7.63%, due 6/15/2025		687,403	(f)
	985,000	9.38%, due 4/1/2027		1,007,162	(f)
			2,554,565
Real Estate Investment Trusts 0.7%
	100,000	ESH Hospitality, Inc., 5.25%, due 5/1/2025		102,148	(f)
	535,000	MPT Operating Partnership L.P./MPT Finance Corp., 5.25%, due 8/1/2026		561,750
	1,015,000	RHP Hotel Properties L.P./RHP Finance Corp., 4.75%, due 10/15/2027		943,950
			1,607,848
Recreation & Travel 3.0%
		Carnival Corp.
	880,000	11.50%, due 4/1/2023		957,590	(f)
	705,000	10.50%, due 2/1/2026		729,823	(f)
	1,435,000	Cedar Fair L.P./Canada's Wonderland Co./Magnum Management Corp., 5.50%, due 5/1/2025		1,465,494	(f)
	1,190,000	Motion Bondco DAC, 6.63%, due 11/15/2027		1,016,308	(f)(g)
		Royal Caribbean Cruises Ltd.
	310,000	10.88%, due 6/1/2023		326,745	(f)
	635,000	11.50%, due 6/1/2025		699,666	(f)
	1,110,000	Six Flags Theme Parks, Inc., 7.00%, due 7/1/2025		1,191,374	(f)
	525,000	Vail Resorts, Inc., 6.25%, due 5/15/2025		565,687	(f)
			6,952,687
Restaurants 2.1%
		1011778 BC ULC/New Red Finance, Inc.
	170,000	5.75%, due 4/15/2025		181,881	(f)
	2,660,000	5.00%, due 10/15/2025		2,730,783	(f)
		KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC
	1,640,000	5.00%, due 6/1/2024		1,679,852	(f)
	110,000	5.25%, due 6/1/2026		115,467	(f)
	240,000	Yum! Brands, Inc., 7.75%, due 4/1/2025		269,400	(f)
			4,977,383
Software - Services 4.7%
	508,000	BY Crown Parent LLC/BY Bond Finance, Inc., 4.25%, due 1/31/2026		526,567	(f)
	115,000	Granite Merger Sub 2, Inc., 11.00%, due 7/15/2027		119,888	(f)
	500,000	Match Group Holdings II LLC, 4.63%, due 6/1/2028		527,980	(f)
		Presidio Holdings, Inc.
	385,000	4.88%, due 2/1/2027		392,700	(f)
	1,215,000	8.25%, due 2/1/2028		1,263,600	(f)
	3,615,000	Rackspace Hosting, Inc., 8.63%, due 11/15/2024		3,775,687	(f)(g)
	2,330,000	Solera LLC/Solera Finance, Inc., 10.50%, due 3/1/2024		2,465,140	(f)
	1,815,000	SS&C Technologies, Inc., 5.50%, due 9/30/2027		1,951,125	(f)
			11,022,687
Specialty Retail 1.4%
		Asbury Automotive Group, Inc.
	359,000	4.50%, due 3/1/2028		368,108	(f)
	323,000	4.75%, due 3/1/2030		331,075	(f)
	220,000	Hanesbrands, Inc., 5.38%, due 5/15/2025		236,500	(f)
		Penske Automotive Group, Inc.
	600,000	5.38%, due 12/1/2024		615,000
	1,695,000	5.50%, due 5/15/2026		1,771,275
			3,321,958

See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) (cont’d)

PRINCIPAL AMOUNT				VALUE
Steel Producers - Products 0.9%
$	1,239,000	Big River Steel LLC/BRS Finance Corp., 7.25%, due 9/1/2025	$	1,250,622	(f)
	380,000	Carpenter Technology Corp., 6.38%, due 7/15/2028		399,117
	355,000	Joseph T Ryerson & Son, Inc., 8.50%, due 8/1/2028		379,850	(f)
			2,029,589
Support - Services 16.6%
	2,410,000	ADT Corp., 4.88%, due 7/15/2032		2,412,868	(f)
		APX Group, Inc.
	320,000	7.63%, due 9/1/2023		306,400
	845,000	6.75%, due 2/15/2027		842,465	(f)
		Aramark Services, Inc.
	1,530,000	6.38%, due 5/1/2025		1,616,185	(f)(g)
	1,280,000	5.00%, due 2/1/2028		1,288,000	(f)
	1,740,000	ASGN, Inc., 4.63%, due 5/15/2028		1,779,150	(f)
	2,160,000	Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 5.25%, due 3/15/2025		2,030,400	(f)
	910,000	frontdoor, Inc., 6.75%, due 8/15/2026		981,663	(f)
	2,380,000	Garda World Security Corp., 8.75%, due 5/15/2025		2,451,400	(f)
	245,000	GW B-CR Security Corp., 9.50%, due 11/1/2027		267,050	(f)
	1,035,000	IAA Spinco, Inc., 5.50%, due 6/15/2027		1,103,569	(f)
		Iron Mountain, Inc.
	905,000	4.88%, due 9/15/2027		940,069	(f)
	3,435,000	5.25%, due 3/15/2028		3,606,750	(f)
	330,000	5.00%, due 7/15/2028		341,550	(f)
	2,785,000	4.88%, due 9/15/2029		2,901,274	(f)
	640,000	5.25%, due 7/15/2030		671,200	(f)
	1,190,000	5.63%, due 7/15/2032		1,277,762	(f)
	3,845,000	KAR Auction Services, Inc., 5.13%, due 6/1/2025		3,864,225	(f)
	700,000	Korn/Ferry Int'l, 4.63%, due 12/15/2027		718,200	(f)
		Prime Security Services Borrower LLC/Prime Finance, Inc.
	3,450,000	5.75%, due 4/15/2026		3,829,500	(f)
	1,305,000	6.25%, due 1/15/2028		1,360,462	(f)
	2,205,000	Staples, Inc., 7.50%, due 4/15/2026		1,934,446	(f)
	708,000	Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, due 6/1/2025		731,010	(b)(f)
	1,500,000	Univar Solutions USA, Inc., 5.13%, due 12/1/2027		1,586,250	(f)
			38,841,848
Technology Hardware & Equipment 3.7%
		CommScope Finance LLC
	460,000	6.00%, due 3/1/2026		490,760	(f)
	670,000	8.25%, due 3/1/2027		722,528	(f)(g)
		CommScope Technologies LLC
	2,053,000	6.00%, due 6/15/2025		2,097,550	(f)
	1,265,000	5.00%, due 3/15/2027		1,221,787	(f)
	1,120,000	CommScope, Inc., 7.13%, due 7/1/2028		1,185,688	(f)
		Dell Int'l LLC/EMC Corp.
	665,000	6.10%, due 7/15/2027		786,094	(f)
	1,770,000	6.20%, due 7/15/2030		2,155,528	(f)
			8,659,935
Telecom - Satellite 0.7%
	1,695,000	Intelsat Jackson Holdings SA, 8.00%, due 2/15/2024		1,731,019	(f)(l)

See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) (cont’d)

PRINCIPAL AMOUNT				VALUE
Telecom - Wireless 2.8%
		Sprint Capital Corp.
$	580,000	6.88%, due 11/15/2028	$	752,086
	1,345,000	8.75%, due 3/15/2032		2,074,662
		Sprint Corp.
	1,110,000	7.88%, due 9/15/2023		1,287,600
	970,000	7.13%, due 6/15/2024		1,131,554
	975,000	7.63%, due 3/1/2026		1,218,731
			6,464,633
Telecom - Wireline Integrated & Services 6.7%
		Altice France Holding SA
	355,000	10.50%, due 5/15/2027		406,031	(f)
	2,275,000	6.00%, due 2/15/2028		2,272,247	(f)
		Altice France SA
	2,580,000	8.13%, due 2/1/2027		2,883,692	(f)
	890,000	5.50%, due 1/15/2028		938,950	(f)
	3,340,000	Frontier Communications Corp., 8.00%, due 4/1/2027		3,456,900	(f)
	990,000	Level 3 Financing, Inc., 4.63%, due 9/15/2027		1,040,738	(f)
	1,460,000	Numericable-SFR SA, 7.38%, due 5/1/2026		1,557,309	(f)
	1,695,000	Uniti Group L.P./Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.88%, due 2/15/2025		1,783,987	(f)
	1,360,000	Uniti Group L.P./Uniti Group Finance, Inc./CSL Capital LLC, 6.00%, due 4/15/2023		1,360,000	(f)
			15,699,854
Theaters & Entertainment 1.7%
		Cinemark USA, Inc.
	355,000	5.13%, due 12/15/2022		308,850
	365,000	4.88%, due 6/1/2023		310,250
		Live Nation Entertainment, Inc.
	370,000	4.88%, due 11/1/2024		349,650	(f)
	860,000	6.50%, due 5/15/2027		924,500	(f)
	1,810,000	4.75%, due 10/15/2027		1,674,250	(f)
	355,000	SeaWorld Parks & Entertainment, Inc., 9.50%, due 8/1/2025		359,881	(f)(h)
			3,927,381
		Total Corporate Bonds (Cost $325,295,796)		337,068,660
Convertible Bonds 1.0%
Cable & Satellite Television 1.0%
	2,492,000	DISH Network Corp., 3.38%, due 8/15/2026 (Cost $2,198,308)		2,294,210

NUMBER OF SHARES
Short-Term Investments 7.1%
Investment Companies 7.1%
	3,750,812	State Street Institutional U.S. Government Money Market Fund Premier Class, 0.09%(m)		3,750,812	(k)
	12,892,598	State Street Navigator Securities Lending Government Money Market Portfolio, 0.13%(m)		12,892,598	(n)
		Total Short-Term Investments (Cost $16,643,410)		16,643,410
		Total Investments 157.9% (Cost $357,947,773)	368,809,891
		Liabilities Less Other Assets (42.9)%	(100,278,033		)(o)(p)
		Liquidation Value of Mandatory Redeemable Preferred Shares (15.0)%	(35,000,000		)
		Net Assets Applicable to Common Stockholders 100.0%	$	233,531,858

See Notes to Schedule of Investments

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) (cont’d)

(a)	Variable or floating rate security. The interest rate shown was the current rate as of July 31, 2020 and changes periodically.
(b)	All or a portion of this security was purchased on a delayed delivery basis.
(c)	All or a portion of this security had not settled as of July 31, 2020 and thus may not have an interest rate in effect. Interest rates do not take effect until settlement.
(d)	Value determined using significant unobservable inputs.
(e)	The stated interest rates represent the range of rates at July 31, 2020 of the underlying contracts within the Loan Assignment.
(f)	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, 2020, these securities amounted to $232,578,563, which represents 99.6% of net assets applicable to common stockholders of the Fund.
(g)	The security or a portion of this security is on loan at July 31, 2020. Total value of all such securities at July 31, 2020 amounted to $12,617,263 for the Fund.
(h)	When-issued security. Total value of all such securities at July 31, 2020 amounted to $3,732,112, which represents 1.6% of net assets applicable to common stockholders of the Fund.
(i)	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.
(j)	Payment-in-kind (PIK) security.
(k)	All or a portion of this security is segregated in connection with obligations for swap contracts, when-issued securities and/or delayed delivery securities with a total value of $5,248,988.
(l)	Defaulted security.
(m)	Represents 7-day effective yield as of July 31, 2020.
(n)	Represents investment of cash collateral received from securities lending.
(o)	Includes the impact of the Fund's open positions in derivatives at July 31, 2020.
(p)	As of July 31, 2020, the value of unfunded loan commitments was $160,125 for the Fund (see Notes to Schedule of Investments).

See Notes to Schedule of Investment

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	$	322,365,771			138.1	%
Canada		8,993,947			3.9	%
France		5,379,951			2.3	%
Luxembourg		5,026,719			2.2	%
United Kingdom		2,754,619			1.2	%
Ireland		1,664,983			0.7	%
Netherlands		1,471,867			0.6	%
Peru		1,434,712			0.6	%
Finland		963,900			0.4	%
Cayman Islands		815,475			0.3	%
Germany		753,187			0.3	%
Zambia		541,350			0.2	%
Liquidation Value of Mandatory Redeemable Preferred Shares		(35,000,000	)		(15.0	)%
Short-Term Investments and Other Liabilities-Net		(83,634,623	)		(35.8	)%
	$	233,531,858			100.0	%

See Notes to Schedule of Investment

Schedule of Investments High Yield Strategies Fund Inc.^

(Unaudited) (cont’d)

Derivative Instruments

Interest rate swap contracts ("interest rate swaps")

At July 31, 2020, the Fund had outstanding interest rate swaps as follows:

Centrally cleared interest rate swaps

Clearinghouse	Notional Amount	Fund Receives/Pays Floating Rate	Floating Rate Index	Annual Fixed-Rate			Frequency of Fund Receipt/ Payment		Maturity Date	Unrealized Appreciation/ (Depreciation)			Accrued Net Interest Receivable/ (Payable)			Value
CME	USD 25,000,000	Receive	3M LIBOR		1.14	%		3M/6M	6/17/2021	$	(199,005	)	$	(25,428	)	$	(224,433	)
CME	USD 20,000,000	Receive	3M LIBOR		0.99	%		3M/6M	6/29/2021		(139,195	)		(12,956	)		(152,151	)
Total										$	(338,200	)	$	(38,384	)	$	(376,584	)

At July 31, 2020, the Fund had $656,743 deposited in a segregated account to cover margin requirements for centrally cleared swaps.

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 Notes to Schedule of Investments), of inputs used to value the Fund's investments as of July 31, 2020:

Asset Valuation Inputs	Level 1		Level 2		Level 3(b)		Total
Investments:
Loan Assignments
Electronics - Electrical	$	—	$	—	$	460,350	$	460,350
Food Service		—		—		525,000		525,000
Industrial Equipment		—		—		605,288		605,288
Other Loan Assignments(a)		—		11,212,973		—		11,212,973
Total Loan Assignments		—		11,212,973		1,590,638		12,803,611
Corporate Bonds(a)		—		337,068,660		—		337,068,660
Convertible Bonds(a)		—		2,294,210		—		2,294,210
Short-Term Investments		—		16,643,410		—		16,643,410
Total Investments	$	—	$	367,219,253	$	1,590,638	$	368,809,891

^(a) The Schedule of Investments provides information on the industry or sector categorization as well as a Positions by Country summary.

^(b) The following is a reconciliation between the beginning and ending balances of investments in which unobservable inputs (Level 3) were used in determining value:

	Beginning balance, as of 11/1/2019		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 7/31/2020		Net change in unrealized appreciation/ (depreciation) from investments still held as of 7/31/2020
Investments in Securities:
Loan Assignments(c)	$	1,338,823	$	3,612	$	(79,107	)	$	(68,714	)	$	989,164	$	(593,140	)	$	—	$	—	$	1,590,638	$	(52,835	)
Total	$	1,338,823	$	3,612	$	(79,107	)	$	(68,714	)	$	989,164	$	(593,140	)	$	—	$	—	$	1,590,638	$	(52,835	)

^(c) 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.

The following is a summary, categorized by Level (see Notes to Schedule of Investments), of inputs used to value the Fund's derivatives as of July 31, 2020:

Other Financial Instruments	Level 1		Level 2			Level 3		Total
Swaps
Liabilities	$	—	$	(376,584	)	$	—	$	(376,584	)
Total	$	—	$	(376,584	)	$	—	$	(376,584	)

^ 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, 2020

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 Neuberger Berman Investment Advisers LLC ("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. Significant Management judgment may be necessary 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 a 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 readily available 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 relative 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, dealer quotes, conversion premiums, listed bond and preferred stock prices and other market information, which may include benchmark curves, trade execution data, and sensitivity analysis, when available.

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 interest rate swaps is determined by Management primarily by obtaining valuations from independent pricing services based on references to the underlying rates including the local overnight index swap rate and the respective interbank offered forward rate to produce the daily price. The present value is calculated based off of expected cash flows based on swap parameters along with reference to the underlying yield curve and reference rate (generally Level 2 inputs).

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).

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)

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 readily available, the security is valued using methods the Fund’s Board of Directors has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Numerous factors may be considered when determining the fair value of a security based on Level 2 or Level 3 inputs, including available analyst, media or other reports, securities within the same industry with recent highly correlated performance, trading in futures or American Depositary Receipts and whether the issuer of the security being fair valued has other securities outstanding.

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, 2020, the value of unfunded loan commitments was $160,126, pursuant to the following loan agreement:

Borrower	Principal Amount		Value
Intelsat Jackson Holdings S.A., Term Loan, (3M USD LIBOR + 3.60%), due 7/13/2022(a)	$	157,500	$	160,126

(a) This security has not settled as of July 31, 2020 and thus may not have an interest rate in effect. Interest rates do not take effect until settlement.

In August 2018, the Financial Accounting Standards Board issued Accounting Standards Update No. 2018-13, Fair Value Measurement (Topic 820: ”Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement”) (“ASU 2018-13”). ASU 2018-13 eliminates the requirement to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the timing of transfers between levels of the fair value hierarchy and the valuation processes for Level 3 fair value measurements. ASU 2018-13 will require the disclosure of the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements and the changes in unrealized gains and losses for recurring Level 3 fair value measurements. ASU 2018-13 will also require that information is provided about the measurement uncertainty of Level 3 fair value measurements as of the reporting date. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 and allows for early adoption of either the entire standard or only the provisions that eliminate or modify the disclosure requirements. Management has elected to adopt early the provisions that eliminate the disclosure requirements. Management is still currently evaluating the impact of applying the rest of the guidance.

Other matters—Coronavirus: The outbreak of the novel coronavirus in many countries, which is a rapidly evolving situation, has, among other things, disrupted global travel and supply chains, and has adversely impacted global commercial activity, the transportation industry and commodity prices in the energy sector. The impact of this virus has negatively affected and may continue to affect the economies of many nations, individual companies and the global securities and commodities markets, including liquidity and volatility, in ways that cannot necessarily be foreseen at the present time. The rapid development and fluidity of this situation precludes any prediction as to its ultimate impact, which may have a continued adverse effect on economic and market conditions and trigger a period of global economic slowdown. Such conditions (which may be across industries, sectors or geographies) have impacted and may continue to impact the issuers of the securities held by the Fund.

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

Currency Abbreviations:

USD = United States Dollar

Clearinghouses:

CME =  CME Group, Inc.

Index Periods/Payment Frequencies:

1M = 1 Month

3M = 3 Months

6M = 6 Months

For information on the Fund’s significant accounting policies, please refer to the Fund’s most recent stockholder reports.