Please ensure Javascript is enabled for purposes of website accessibility

    BNY Mellon Strategic Municipals, Inc. (LEO)

    • CUSIP 05588W108
    • NAV  $ 6.88 As of  04/22/24
    • CHG  $ 0.01 (0.15 %)
    • MKT PRICE  $5.84 As of  04/22/24
    • CHG  $-0.03 (-0.51 %)
    • Ann. Dist. Rate 3.74% As of  03/31/24
    • Premium/Discount -15.12% As of  04/22/24

    Why invest in this Fund?

    • Seeks to provide investors a monthly federal tax-exempt dividend by investing primarily in a mix of high quality and high yielding municipal bonds.
    • With yield scarce across many bond securities, investors may be drawn to municipal bonds because of their local government appeal and tax-exempt status.
    • The management team is very experienced investing in municipal bonds and the fund has a history of over 30 years.
    • May be appropriate as a core municipal bond holding within diversified portfolios.
    INCEPTION DATE
    09/23/87
    NET ASSETS
    $514,845,826  As of  03/31/24
    MANAGED ASSETS
    $625,470,826  As of  03/31/24
    TOTAL LEVERAGE
    30.30%  As of  03/31/24
    LEVERAGED EFFECTIVE DURATION
    11.61 yr(s).  As of  03/31/24
    AVERAGE EFFECTIVE MATURITY
    20.33 yr(s).  As of  03/31/24
    AVERAGE EFFECTIVE DURATION
    9.98 yr(s).  As of  03/31/24
    WEIGHTED AVERAGE COUPON
    5.20%  As of  03/31/24
    PORTFOLIO TURNOVER RATE
    21.29% As of  09/30/23
    Number of Holdings
    243 As of  03/31/24
    BENCHMARK
    Bloomberg U.S. Municipal Bond Index
    MORNINGSTAR CATEGORY
    High Yield Municipal
    DISTRIBUTION FREQUENCY
    Monthly

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 04/22/24
    ANNUALIZED
    DISTRIBUTION RATE
    as of 03/31/24
    PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 09/30/21
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    4.60 4.50 3.74 0.98 1.08 05/31/24

    The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.

    Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.

     

    NAV - A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.

    Market Price - The market price is the most recent price at which the fund was traded.

    Annualized Distribution Rate - It represents the latest declared regular distribution, annualized, relative to the market price as of quarter end. Special distributions, including special capital gains distributions, are not included in the calculation. Distributions are sourced entirely from net investment income, unless otherwise noted.

    Net Assets - It is the total assets minus liabilities, including the assets attributable to the Auction Preferred Stock.

    Managed Assets - It is the total assets of the fund, including any assets attributable to leverage, minus the fund's accrued liabilities, other than any liabilities or obligations attributable to leverage.

    Total Leverage - It is the amount of borrowed funds used to purchase assets in order to potentially enhance returns.

    Leveraged Effective Duration - It takes into account the impact of the fund’s use of leverage on the potential effect of interest-rate changes on the fund’s portfolio and optional call provisions of the fund’s portfolio holdings.

    Average Effective Maturity (AEM) - is a measure of maturity that takes into account the possibility that a bond might be called back by the issuer. For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the underlying bonds.

    Average Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.

    Weighted Average Coupon - It is calculated from a fund’s portfolio by weighing the coupon of each bond by its relative size in the portfolio. Coupons are percentages paid out on a fixed-income security on a periodic basis.

    Portfolio Turnover Rate - It is a measure of how quickly securities in a fund are either bought or sold by the fund's managers, over a given period of time.

    Portfolio Managers

    • Jeffrey  Burger

      Jeffrey Burger, CFA

      Senior Portfolio Manager, Insight North America, LLC

      Managing Fund Since 2014

      Joined Firm in 2009

      Joined Industry in 2000

    • Daniel Rabasco

      Daniel Rabasco, CFA

      Head of Municipal Bonds, Insight North America LLC

      Managing Fund Since 2016

      Joined Firm in 1998

      Joined Industry in 1987

    Daily Statistics

    As of  04/22/24
    NAME NAV NAV 
    CHANGE
    MARKET 
    PRICE
    MARKET 
    PRICE 
    CHANGE
    PREMIUM/ 
    DISCOUNT
    BNY Mellon Strategic Municipals, Inc.
    $6.88
    $0.01
    0.15%
    $5.84
    $-0.03
    -0.51%
    -15.12%

    Premium / Discount - The amount the fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.

    Market Price performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times.

     

    Monthly Statistics

    As of 03/31/24 NAME 52 WEEK 
    AVERAGE 
    PREMIUM/DISCOUNT
    52 WEEK 
    LOW/HIGH 
    MARKET PRICE
    BNY Mellon Strategic Municipals, Inc.
    -12.86% $5.01-$6.45

    Total Returns

    MARKET PRICE
    Click here for NAV Returns 

    The performance data quoted represents past performance, which is no guarantee of future results.  Share price, yield and investment return fluctuate and an investor's shares may be worth more or less that the original cost.

    Total return based on market price represents changes to the fund's closing market price on its primary exchange. Total return based on net asset value (NAV) reflects changes in the fund's NAV during each period.

    Returns are shown net of fund expenses and assumes the reinvestment of all distributions. Investors who purchase shares of the fund through an investment advisor or other financial professional may separately pay a fee to that service provider.

    The Bloomberg U.S. Municipal Bond Index covers the U.S. dollar-denominated long-term tax-exempt bond market. Investors cannot invest directly in any index.

    Growth of $10,000 Investment at Market Price

    Historical NAV and Market Price Trailing Twelve Months

      Historical Premium/Discount Trailing Twelve Months

      Historical Performance

        Past performance is no guarantee of future results.

        Returns are shown net of fund expenses and assumes the reinvestment of all distributions.

        Expense Ratio

        As of  09/30/21
         Fee Description Total Expense Ratio (%)
        Management Fee 0.75%
        Other Expenses 0.10%
        Interest Expense 0.23%
        Total Expenses 1.08%
        Expenses Reimbursed 0.10%
        Net Expenses 0.98%

        Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.

        Please see the fund's Annual Report for full information on expenses.


        Portfolio Manager

        BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser) is the fund's investment manager, and has engaged its affiliate, Insight North America LLC (INA), to serve as the Fund's sub-investment adviser. Jeffrey Burger and Daniel Rabasco are the fund's primary portfolio managers, positions they have held since July 2014 and July 2016, respectively.

        Holdings, Coupon Rate, Maturity

        As of 03/31/24

        Holdings data is unaudited and provided for informational purposes only and is not intended for trading purposes. Portfolio composition is subject to change at any time. The holdings listed should not be considered recommendations to buy or sell a security.

        Asset Allocation

        Composition Allocation

            Main Risks

            Bonds are subject generally to interest-rate, credit, liquidity and market risks, to varying degrees. Generally, all other factors being equal, prices of investment-grade bonds are inversely related to interest-rate changes, and rate increases can cause price declines.
            High yield bonds are subject to increased credit risk and are considered speculative in terms of the issuer's perceived ability to continue making interest payments on a timely basis and to repay principal upon maturity.
            The use of leverage magnifies the fund’s investment, market and certain other risks. For derivatives with a leverage component, adverse changes in the value or level of the underlying asset, reference rate or index can result in a loss substantially greater than the amount invested in the derivative itself.
            CEFs are exposed to much of the same risk as other exchange traded products, including liquidity risk on the secondary market, credit risk, concentration risk and discount risk. If the CEF includes foreign market investments, it will be exposed to the typical foreign market risks, including currency, political and economic risk.
            Shares of closed-end funds frequently trade at a market price that is below their net asset value. This is commonly referred to as trading at a discount. This characteristic of shares of closed-end funds is a risk separate and distinct from the risk that the fund's net asset value may decrease.
            The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highly volatile, illiquid, and difficult to value and there is the risk that changes in the value of a derivative held by the portfolio will not correlate with the underlying instruments or the portfolios other investments.

            Risk Metrics

            As of  03/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
            LEO
            13.68 0.85 1.82 96.21 -0.35

            All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Aggregate Bond Index.

             

            Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.

            Alpha - Alpha is a measure of a security's or portfolio's excess return.

            Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

            R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

            Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

             


            Dividend Schedule

            Declared
            Monthly
            Distributed
            Monthly
            Paid
            Monthly
            Fiscal Year End
            Sep 30

            Distributions History

            RECORD DATE EX-DIVIDEND DATE PAYABLE DATE DIVIDEND INCOME SHORT-TERM
            CAPITAL GAIN
            LONG-TERM
            CAPITAL GAIN
            TOTAL DISTRIBUTION
            04/12/24 04/11/24 04/30/24 0.0190 - 0.0000 0.0190
            RECORD DATE EX-DIVIDEND DATE PAYABLE DATE DIVIDEND INCOME SHORT-TERM
            CAPITAL GAIN
            LONG-TERM
            CAPITAL GAIN
            TOTAL DISTRIBUTION
            03/14/24 03/13/24 03/29/24 0.0190 0.0000 0.0000 0.0190
            02/14/24 02/13/24 02/29/24 0.0190 0.0000 0.0000 0.0190
            01/16/24 01/12/24 01/31/24 0.0190 0.0000 0.0000 0.0190
            12/14/23 12/13/23 12/29/23 0.0190 0.0000 0.0000 0.0190
            11/15/23 11/14/23 12/01/23 0.0190 0.0000 0.0000 0.0190
            10/16/23 10/13/23 10/31/23 0.0190 0.0000 0.0000 0.0190
            09/15/23 09/14/23 10/02/23 0.0190 0.0000 0.0000 0.0190
            08/10/23 08/09/23 08/31/23 0.0190 0.0000 0.0000 0.0190
            07/17/23 07/14/23 07/31/23 0.0230 0.0000 0.0000 0.0230
            06/14/23 06/13/23 06/30/23 0.0230 0.0000 0.0000 0.0230
            05/12/23 05/11/23 05/31/23 0.0230 0.0000 0.0000 0.0230
            04/17/23 04/14/23 04/28/23 0.0230 0.0000 0.0000 0.0230
            03/16/23 03/15/23 03/31/23 0.0230 0.0000 0.0000 0.0230
            02/14/23 02/13/23 02/28/23 0.0230 0.0000 0.0000 0.0230
            01/17/23 01/13/23 01/31/23 0.0230 0.0000 0.0000 0.0230
            12/14/22 12/13/22 12/30/22 0.0230 0.0000 0.0000 0.0230
            11/15/22 11/14/22 12/01/22 0.0230 0.0000 0.0000 0.0230
            10/17/22 10/14/22 10/31/22 0.0300 0.0000 0.0000 0.0300
            09/15/22 09/14/22 10/03/22 0.0300 0.0000 0.0000 0.0300
            08/12/22 08/11/22 08/31/22 0.0300 0.0000 0.0000 0.0300
            07/15/22 07/14/22 07/29/22 0.0300 0.0000 0.0000 0.0300
            06/14/22 06/13/22 06/30/22 0.0300 0.0000 0.0000 0.0300
            05/13/22 05/12/22 05/31/22 0.0300 0.0000 0.0000 0.0300
            04/14/22 04/13/22 04/29/22 0.0300 0.0000 0.0000 0.0300
            03/14/22 03/11/22 03/31/22 0.0300 0.0000 0.0000 0.0300
            02/14/22 02/11/22 02/28/22 0.0300 0.0000 0.0000 0.0300
            01/14/22 01/13/22 01/31/22 0.0300 0.0000 0.0000 0.0300
            12/14/21 12/13/21 12/31/21 0.0300 0.0000 0.0000 0.0300
            11/15/21 11/12/21 11/30/21 0.0300 0.0000 0.0000 0.0300
            10/15/21 10/14/21 10/29/21 0.0350 0.0000 0.0000 0.0350
            09/15/21 09/14/21 09/30/21 0.0350 0.0000 0.0000 0.0350
            08/13/21 08/12/21 08/31/21 0.0350 0.0000 0.0000 0.0350
            07/15/21 07/14/21 07/30/21 0.0350 0.0000 0.0000 0.0350
            06/14/21 06/11/21 06/30/21 0.0350 0.0000 0.0000 0.0350
            05/14/21 05/13/21 05/28/21 0.0350 0.0000 0.0000 0.0350
            04/15/21 04/14/21 04/30/21 0.0350 0.0000 0.0000 0.0350
            03/12/21 03/11/21 03/31/21 0.0350 0.0000 0.0000 0.0350
            02/12/21 02/11/21 02/26/21 0.0350 0.0000 0.0000 0.0350
            01/15/21 01/14/21 01/29/21 0.0350 0.0000 0.0000 0.0350
            12/14/20 12/11/20 12/31/20 0.0350 0.0000 0.0000 0.0350
            11/16/20 11/13/20 11/30/20 0.0350 0.0000 0.0000 0.0350
            10/15/20 10/14/20 10/30/20 0.0350 0.0000 0.0000 0.0350
            09/15/20 09/14/20 09/30/20 0.0350 0.0000 0.0000 0.0350
            08/14/20 08/13/20 08/31/20 0.0350 0.0000 0.0000 0.0350
            07/15/20 07/14/20 07/31/20 0.0350 0.0000 0.0000 0.0350
            06/12/20 06/11/20 06/30/20 0.0350 0.0000 0.0000 0.0350
            05/14/20 05/13/20 05/29/20 0.0350 0.0000 0.0000 0.0350
            04/15/20 04/14/20 04/30/20 0.0350 0.0000 0.0000 0.0350
            03/13/20 03/12/20 03/31/20 0.0350 0.0000 0.0000 0.0350
            02/14/20 02/13/20 02/28/20 0.0350 0.0000 0.0000 0.0350
            01/15/20 01/14/20 01/31/20 0.0350 0.0000 0.0000 0.0350
            12/13/19 12/12/19 12/31/19 0.0350 0.0000 0.0000 0.0350
            11/15/19 11/14/19 11/29/19 0.0350 0.0000 0.0000 0.0350
            10/15/19 10/11/19 10/31/19 0.0350 0.0000 0.0000 0.0350
            09/16/19 09/13/19 09/30/19 0.0350 0.0000 0.0000 0.0350
            08/14/19 08/13/19 08/30/19 0.0350 0.0000 0.0000 0.0350
            07/15/19 07/12/19 07/31/19 0.0350 0.0000 0.0000 0.0350
            06/14/19 06/13/19 06/28/19 0.0350 0.0000 0.0000 0.0350
            05/14/19 05/13/19 05/31/19 0.0350 0.0000 0.0000 0.0350
            04/12/19 04/11/19 04/30/19 0.0350 0.0000 0.0000 0.0350
            03/14/19 03/13/19 03/29/19 0.0350 0.0000 0.0000 0.0350
            02/14/19 02/13/19 02/28/19 0.0350 0.0000 0.0000 0.0350
            01/15/19 01/14/19 01/31/19 0.0350 0.0000 0.0000 0.0350
            12/14/18 12/13/18 12/31/18 0.0350 0.0000 0.0000 0.0350
            11/16/18 11/15/18 11/30/18 0.0350 0.0000 0.0000 0.0350
            10/12/18 10/11/18 10/31/18 0.0350 0.0000 0.0000 0.0350
            09/17/18 09/14/18 09/28/18 0.0350 0.0000 0.0000 0.0350
            08/14/18 08/13/18 08/31/18 0.0350 0.0000 0.0000 0.0350
            07/16/18 07/13/18 07/31/18 0.0350 0.0000 0.0000 0.0350
            06/14/18 06/13/18 06/29/18 0.0350 0.0000 0.0000 0.0350
            05/11/18 05/10/18 05/31/18 0.0350 0.0000 0.0000 0.0350
            04/13/18 04/12/18 04/30/18 0.0350 0.0000 0.0000 0.0350
            03/14/18 03/13/18 03/29/18 0.0350 0.0000 0.0000 0.0350
            02/09/18 02/08/18 02/28/18 0.0350 0.0000 0.0000 0.0350
            01/12/18 01/11/18 01/31/18 0.0430 0.0000 0.0000 0.0430
            12/14/17 12/13/17 12/29/17 0.0430 0.0000 0.0000 0.0430
            11/14/17 11/13/17 11/30/17 0.0430 0.0000 0.0000 0.0430
            10/13/17 10/12/17 10/31/17 0.0430 0.0000 0.0000 0.0430
            09/14/17 09/13/17 09/29/17 0.0430 0.0000 0.0000 0.0430
            08/11/17 08/09/17 08/31/17 0.0430 0.0000 0.0000 0.0430
            07/14/17 07/12/17 07/31/17 0.0430 0.0000 0.0000 0.0430
            06/14/17 06/12/17 06/30/17 0.0430 0.0000 0.0000 0.0430
            05/11/17 05/09/17 05/31/17 0.0430 0.0000 0.0000 0.0430
            04/13/17 04/11/17 04/28/17 0.0430 0.0000 0.0000 0.0430
            03/13/17 03/09/17 03/31/17 0.0430 0.0000 0.0000 0.0430
            02/23/17 02/21/17 02/28/17 0.0430 0.0000 0.0000 0.0430
            01/13/17 01/11/17 01/31/17 0.0430 0.0000 0.0000 0.0430
            12/14/16 12/12/16 12/30/16 0.0430 0.0000 0.0000 0.0430
            11/16/16 11/14/16 11/30/16 0.0430 0.0000 0.0000 0.0430
            10/14/16 10/12/16 10/31/16 0.0430 0.0000 0.0000 0.0430
            09/14/16 09/12/16 09/30/16 0.0430 0.0000 0.0000 0.0430
            08/11/16 08/09/16 08/31/16 0.0430 0.0000 0.0000 0.0430
            07/15/16 07/13/16 07/29/16 0.0430 0.0000 0.0000 0.0430
            06/13/16 06/09/16 06/30/16 0.0430 0.0000 0.0000 0.0430
            05/13/16 05/11/16 05/31/16 0.0430 0.0000 0.0000 0.0430
            04/13/16 04/11/16 04/29/16 0.0430 0.0000 0.0000 0.0430
            03/11/16 03/09/16 03/31/16 0.0430 0.0000 0.0000 0.0430
            02/12/16 02/10/16 02/29/16 0.0430 0.0000 0.0000 0.0430
            01/15/16 01/13/16 01/29/16 0.0430 0.0000 0.0000 0.0430
            12/11/15 12/09/15 12/31/15 0.0430 0.0000 0.0000 0.0430
            11/16/15 11/12/15 11/30/15 0.0430 0.0000 0.0000 0.0430
            10/15/15 10/13/15 10/30/15 0.0430 0.0000 0.0000 0.0430
            09/14/15 09/10/15 09/30/15 0.0430 0.0000 0.0000 0.0430
            08/13/15 08/11/15 08/31/15 0.0430 0.0000 0.0000 0.0430
            07/15/15 07/13/15 07/31/15 0.0430 0.0000 0.0000 0.0430
            06/11/15 06/09/15 06/30/15 0.0430 0.0000 0.0000 0.0430
            05/13/15 05/11/15 05/29/15 0.0430 0.0000 0.0000 0.0430
            04/15/15 04/13/15 04/30/15 0.0430 0.0000 0.0000 0.0430
            03/12/15 03/10/15 03/31/15 0.0430 0.0000 0.0000 0.0430
            02/12/15 02/10/15 02/27/15 0.0430 0.0000 0.0000 0.0430
            01/14/15 01/12/15 01/30/15 0.0430 0.0000 0.0000 0.0430
            12/16/14 12/12/14 12/31/14 0.0430 0.0000 0.0000 0.0430
            11/14/14 11/12/14 11/28/14 0.0490 0.0000 0.0000 0.0490
            10/14/14 10/10/14 10/31/14 0.0490 0.0000 0.0000 0.0490
            09/12/14 09/10/14 09/30/14 0.0490 0.0000 0.0000 0.0490
            08/13/14 08/11/14 08/29/14 0.0490 0.0000 0.0000 0.0490
            07/14/14 07/10/14 07/31/14 0.0490 0.0000 0.0000 0.0490
            06/13/14 06/11/14 06/30/14 0.0490 0.0000 0.0000 0.0490
            05/13/14 05/09/14 05/30/14 0.0490 0.0000 0.0000 0.0490
            04/11/14 04/09/14 04/30/14 0.0490 0.0000 0.0000 0.0490
            03/14/14 03/12/14 03/31/14 0.0490 0.0000 0.0000 0.0490
            02/13/14 02/11/14 02/28/14 0.0490 0.0000 0.0000 0.0490
            01/15/14 01/13/14 01/31/14 0.0490 0.0000 0.0000 0.0490
            12/12/13 12/10/13 12/27/13 0.0490 0.0000 0.0000 0.0490
            11/14/13 11/12/13 11/29/13 0.0490 0.0000 0.0000 0.0490
            10/17/13 10/15/13 10/31/13 0.0490 0.0000 0.0000 0.0490
            09/13/13 09/11/13 09/30/13 0.0490 0.0000 0.0000 0.0490
            08/14/13 08/12/13 08/30/13 0.0490 0.0000 0.0000 0.0490
            07/12/13 07/10/13 07/31/13 0.0490 0.0000 0.0000 0.0490
            06/13/13 06/11/13 06/28/13 0.0490 0.0000 0.0000 0.0490
            05/15/13 05/13/13 05/31/13 0.0490 0.0000 0.0000 0.0490
            04/12/13 04/10/13 04/30/13 0.0490 0.0000 0.0000 0.0490
            03/13/13 03/11/13 03/28/13 0.0490 0.0000 0.0000 0.0490
            02/13/13 02/11/13 02/28/13 0.0490 0.0000 0.0000 0.0490
            01/14/13 01/10/13 01/31/13 0.0490 0.0000 0.0000 0.0490
            12/14/12 12/12/12 12/31/12 0.0490 0.0000 0.0000 0.0490
            11/15/12 11/13/12 11/30/12 0.0490 0.0000 0.0000 0.0490
            10/12/12 10/10/12 10/31/12 0.0490 0.0000 0.0000 0.0490
            09/14/12 09/12/12 09/28/12 0.0490 0.0000 0.0000 0.0490
            08/13/12 08/09/12 08/31/12 0.0490 0.0000 0.0000 0.0490
            07/13/12 07/11/12 07/31/12 0.0490 0.0000 0.0000 0.0490
            06/13/12 06/11/12 06/29/12 0.0490 0.0000 0.0000 0.0490
            05/14/12 05/10/12 05/31/12 0.0490 0.0000 0.0000 0.0490
            04/16/12 04/12/12 04/30/12 0.0490 0.0000 0.0000 0.0490
            03/14/12 03/12/12 03/30/12 0.0490 0.0000 0.0000 0.0490
            02/13/12 02/09/12 02/29/12 0.0490 0.0000 0.0000 0.0490
            01/13/12 01/11/12 01/31/12 0.0490 0.0000 0.0000 0.0490
            12/14/11 12/12/11 12/30/11 0.0490 0.0000 0.0000 0.0490
            11/14/11 11/10/11 11/30/11 0.0490 0.0000 0.0000 0.0490
            10/18/11 10/14/11 10/31/11 0.0490 0.0000 0.0000 0.0490
            09/16/11 09/14/11 09/30/11 0.0490 0.0000 0.0000 0.0490
            08/12/11 08/10/11 08/31/11 0.0490 0.0000 0.0000 0.0490
            07/18/11 07/14/11 07/29/11 0.0490 0.0000 0.0000 0.0490
            06/15/11 06/13/11 06/30/11 0.0490 0.0000 0.0000 0.0490
            05/13/11 05/11/11 05/31/11 0.0490 0.0000 0.0000 0.0490
            04/15/11 04/13/11 04/29/11 0.0490 0.0000 0.0000 0.0490
            03/14/11 03/10/11 03/31/11 0.0490 0.0000 0.0000 0.0490
            02/16/11 02/14/11 02/28/11 0.0490 0.0000 0.0000 0.0490
            01/14/11 01/12/11 01/31/11 0.0490 0.0000 0.0000 0.0490
            12/10/10 12/08/10 12/31/10 0.0490 0.0000 0.0000 0.0490
            11/16/10 11/12/10 11/30/10 0.0490 0.0000 0.0000 0.0490
            10/15/10 10/13/10 10/29/10 0.0490 0.0000 0.0000 0.0490
            09/15/10 09/13/10 09/30/10 0.0490 0.0000 0.0000 0.0490
            08/12/10 08/10/10 08/31/10 0.0490 0.0000 0.0000 0.0490
            07/14/10 07/12/10 07/30/10 0.0490 0.0000 0.0000 0.0490
            06/11/10 06/09/10 06/30/10 0.0490 0.0000 0.0000 0.0490
            05/14/10 05/12/10 05/28/10 0.0490 0.0000 0.0000 0.0490
            04/15/10 04/13/10 04/30/10 0.0490 0.0000 0.0000 0.0490
            03/11/10 03/09/10 03/31/10 0.0490 0.0000 0.0000 0.0490
            02/12/10 02/10/10 02/26/10 0.0490 0.0000 0.0000 0.0490
            01/15/10 01/13/10 01/29/10 0.0490 0.0000 0.0000 0.0490
            12/03/09 12/01/09 12/31/09 0.0490 0.0000 0.0000 0.0490
            11/16/09 11/12/09 11/30/09 0.0420 0.0000 0.0000 0.0420
            10/16/09 10/14/09 10/30/09 0.0420 0.0000 0.0000 0.0420
            09/14/09 09/10/09 09/30/09 0.0420 0.0000 0.0000 0.0420
            08/13/09 08/11/09 08/31/09 0.0420 0.0000 0.0000 0.0420
            07/15/09 07/13/09 07/31/09 0.0420 0.0000 0.0000 0.0420
            06/11/09 06/09/09 06/30/09 0.0420 0.0000 0.0000 0.0420
            05/13/09 05/11/09 05/29/09 0.0420 0.0000 0.0000 0.0420
            04/15/09 04/13/09 04/30/09 0.0420 0.0000 0.0000 0.0420
            03/12/09 03/10/09 03/31/09 0.0420 0.0000 0.0000 0.0420
            02/13/09 02/11/09 02/27/09 0.0420 0.0000 0.0000 0.0420
            01/15/09 01/13/09 01/30/09 0.0420 0.0000 0.0000 0.0420
            12/12/08 12/10/08 12/31/08 0.0420 0.0000 0.0000 0.0420
            11/18/08 11/14/08 11/28/08 0.0420 0.0000 0.0000 0.0420
            10/14/08 10/09/08 10/31/08 0.0420 0.0000 0.0000 0.0420
            09/12/08 09/10/08 09/30/08 0.0420 0.0000 0.0000 0.0420
            08/13/08 08/11/08 08/29/08 0.0420 0.0000 0.0000 0.0420
            07/14/08 07/10/08 07/31/08 0.0420 0.0000 0.0000 0.0420
            06/12/08 06/10/08 06/30/08 0.0420 0.0000 0.0000 0.0420
            05/13/08 05/09/08 05/30/08 0.0420 0.0000 0.0000 0.0420
            04/11/08 04/09/08 04/30/08 0.0420 0.0000 0.0000 0.0420
            03/13/08 03/11/08 03/31/08 0.0420 0.0000 0.0000 0.0420
            02/07/08 02/05/08 02/29/08 0.0420 0.0000 0.0000 0.0420
            01/14/08 01/10/08 01/31/08 0.0420 0.0000 0.0000 0.0420
            12/13/07 12/11/07 12/31/07 0.0420 0.0000 0.0000 0.0420
            11/13/07 11/08/07 12/03/07 0.0420 0.0000 0.0000 0.0420
            10/11/07 10/09/07 10/31/07 0.0420 0.0000 0.0000 0.0420
            09/14/07 09/12/07 09/28/07 0.0420 0.0000 0.0000 0.0420
            08/13/07 08/09/07 08/31/07 0.0420 0.0000 0.0000 0.0420
            07/13/07 07/11/07 07/31/07 0.0420 0.0000 0.0000 0.0420
            06/13/07 06/11/07 06/29/07 0.0420 0.0000 0.0000 0.0420
            05/15/07 05/11/07 05/31/07 0.0420 0.0000 0.0000 0.0420
            04/16/07 04/12/07 04/30/07 0.0420 0.0000 0.0000 0.0420
            03/15/07 03/13/07 03/30/07 0.0420 0.0000 0.0000 0.0420
            02/13/07 02/09/07 02/28/07 0.0420 0.0000 0.0000 0.0420
            01/16/07 01/11/07 01/31/07 0.0420 0.0000 0.0000 0.0420
            12/14/06 12/12/06 12/29/06 0.0420 0.0000 0.0000 0.0420
            11/15/06 11/13/06 12/01/06 0.0420 0.0000 0.0000 0.0420
            10/16/06 10/12/06 11/01/06 0.0420 0.0000 0.0000 0.0420
            09/15/06 09/13/06 10/02/06 0.0420 0.0000 0.0000 0.0420
            08/15/06 08/11/06 09/01/06 0.0420 0.0000 0.0000 0.0420
            07/14/06 07/12/06 08/01/06 0.0420 0.0000 0.0000 0.0420
            06/13/06 06/09/06 06/27/06 0.0420 0.0000 0.0000 0.0420
            05/12/06 05/10/06 05/26/06 0.0420 0.0000 0.0000 0.0420
            04/12/06 04/10/06 04/27/06 0.0420 0.0000 0.0000 0.0420
            03/14/06 03/10/06 03/28/06 0.0420 0.0000 0.0000 0.0420
            02/09/06 02/07/06 02/24/06 0.0420 0.0000 0.0000 0.0420
            01/17/06 01/12/06 01/31/06 0.0460 0.0000 0.0000 0.0460
            12/14/05 12/12/05 12/29/05 0.0460 0.0000 0.0000 0.0460
            11/15/05 11/10/05 11/29/05 0.0460 0.0000 0.0000 0.0460
            10/14/05 10/12/05 10/28/05 0.0460 0.0000 0.0000 0.0460
            09/14/05 09/12/05 09/28/05 0.0460 0.0000 0.0000 0.0460
            08/12/05 08/10/05 08/26/05 0.0460 0.0000 0.0000 0.0460
            07/14/05 07/12/05 07/28/05 0.0460 0.0000 0.0000 0.0460
            06/14/05 06/10/05 06/28/05 0.0460 0.0000 0.0000 0.0460
            05/12/05 05/10/05 05/26/05 0.0460 0.0000 0.0000 0.0460
            04/13/05 04/11/05 04/27/05 0.0460 0.0000 0.0000 0.0460
            03/11/05 03/09/05 03/28/05 0.0460 0.0000 0.0000 0.0460
            02/08/05 02/04/05 02/23/05 0.0460 0.0000 0.0000 0.0460
            01/13/05 01/11/05 01/27/05 0.0510 0.0000 0.0000 0.0510
            12/14/04 12/10/04 12/28/04 0.0510 0.0000 0.0000 0.0510
            11/12/04 11/09/04 11/26/04 0.0510 0.0000 0.0000 0.0510
            10/13/04 10/08/04 10/27/04 0.0510 0.0000 0.0000 0.0510
            09/13/04 09/09/04 09/27/04 0.0510 0.0000 0.0000 0.0510
            08/13/04 08/11/04 08/27/04 0.0510 0.0000 0.0000 0.0510
            07/14/04 07/12/04 07/28/04 0.0510 0.0000 0.0000 0.0510
            06/14/04 06/10/04 06/28/04 0.0510 0.0000 0.0000 0.0510
            05/14/04 05/12/04 05/28/04 0.0510 0.0000 0.0000 0.0510
            04/15/04 04/13/04 04/29/04 0.0510 0.0000 0.0000 0.0510
            03/12/04 03/10/04 03/26/04 0.0510 0.0000 0.0000 0.0510
            02/12/04 02/10/04 02/27/04 0.0510 0.0000 0.0000 0.0510
            01/14/04 01/12/04 01/28/04 0.0600 0.0000 0.0000 0.0600
            12/11/03 12/09/03 12/26/03 0.0600 0.0000 0.0000 0.0600
            11/13/03 11/10/03 11/28/03 0.0600 0.0000 0.0000 0.0600
            10/15/03 10/10/03 10/29/03 0.0600 0.0000 0.0000 0.0600
            09/15/03 09/11/03 09/29/03 0.0600 0.0000 0.0000 0.0600
            08/14/03 08/12/03 08/28/03 0.0600 0.0000 0.0000 0.0600
            07/15/03 07/11/03 07/29/03 0.0600 0.0000 0.0000 0.0600
            06/13/03 06/11/03 06/27/03 0.0600 0.0000 0.0000 0.0600
            05/14/03 05/12/03 05/29/03 0.0600 0.0000 0.0000 0.0600
            04/14/03 04/10/03 04/28/03 0.0600 0.0000 0.0000 0.0600
            03/14/03 03/12/03 03/28/03 0.0600 0.0000 0.0000 0.0600
            02/13/03 02/11/03 02/28/03 0.0600 0.0000 0.0000 0.0600
            01/14/03 01/10/03 01/29/03 0.0600 0.0000 0.0000 0.0600
            12/13/02 12/11/02 12/30/02 0.0600 0.0000 0.0000 0.0600
            11/13/02 11/08/02 11/27/02 0.0600 0.0000 0.0000 0.0600
            10/11/02 10/09/02 10/25/02 0.0600 0.0000 0.0000 0.0600
            09/13/02 09/11/02 09/27/02 0.0600 0.0000 0.0000 0.0600
            08/14/02 08/12/02 08/28/02 0.0600 0.0000 0.0000 0.0600
            07/15/02 07/11/02 07/29/02 0.0600 0.0000 0.0000 0.0600
            06/13/02 06/11/02 06/27/02 0.0600 0.0000 0.0000 0.0600
            05/14/02 05/10/02 05/29/02 0.0600 0.0000 0.0000 0.0600
            04/11/02 04/09/02 04/25/02 0.0600 0.0000 0.0000 0.0600
            03/14/02 03/12/02 03/28/02 0.0510 0.0000 0.0000 0.0510
            02/13/02 02/11/02 02/28/02 0.0510 0.0000 0.0000 0.0510
            01/14/02 01/10/02 01/29/02 0.0510 0.0000 0.0000 0.0510
            12/13/01 12/11/01 12/28/01 0.0510 0.0000 0.0000 0.0510
            11/13/01 11/09/01 11/28/01 0.0510 0.0000 0.0000 0.0510
            10/12/01 10/10/01 10/26/01 0.0510 0.0000 0.0000 0.0510
            09/14/01 09/12/01 09/28/01 0.0510 0.0000 0.0000 0.0510
            08/14/01 08/10/01 08/28/01 0.0510 0.0000 0.0000 0.0510
            07/16/01 07/12/01 07/30/01 0.0460 0.0000 0.0000 0.0460
            06/14/01 06/12/01 06/28/01 0.0460 0.0000 0.0000 0.0460
            05/14/01 05/10/01 05/29/01 0.0460 0.0000 0.0000 0.0460
            04/12/01 04/10/01 04/27/01 0.0460 0.0000 0.0000 0.0460
            03/14/01 03/12/01 03/28/01 0.0460 0.0000 0.0000 0.0460
            02/13/01 02/09/01 02/28/01 0.0460 0.0000 0.0000 0.0460
            01/16/01 01/11/01 01/30/01 0.0460 0.0000 0.0000 0.0460
            12/14/00 12/12/00 12/29/00 0.0460 0.0000 0.0000 0.0460
            11/14/00 11/10/00 11/29/00 0.0460 0.0000 0.0000 0.0460
            10/13/00 10/11/00 10/27/00 0.0460 0.0000 0.0000 0.0460
            09/14/00 09/12/00 09/28/00 0.0460 0.0000 0.0000 0.0460
            08/11/00 08/09/00 08/25/00 0.0460 0.0000 0.0000 0.0460
            07/14/00 07/12/00 07/28/00 0.0460 0.0000 0.0000 0.0460
            06/14/00 06/12/00 06/28/00 0.0460 0.0000 0.0000 0.0460
            05/12/00 05/10/00 05/26/00 0.0460 0.0000 0.0000 0.0460
            04/13/00 04/11/00 04/28/00 0.0460 0.0000 0.0000 0.0460
            03/14/00 03/10/00 03/28/00 0.0460 0.0000 0.0000 0.0460
            02/10/00 02/08/00 02/25/00 0.0460 0.0000 0.0000 0.0460
            01/13/00 01/11/00 01/28/00 0.0460 0.0000 0.0000 0.0460
            12/14/99 12/10/99 12/28/99 0.0460 0.0000 0.0000 0.0613
            11/12/99 11/09/99 11/29/99 0.0460 0.0000 0.0000 0.0460
            10/14/99 10/12/99 10/28/99 0.0460 0.0000 0.0000 0.0460
            09/15/99 09/13/99 09/29/99 0.0460 0.0000 0.0000 0.0460
            08/13/99 08/11/99 08/27/99 0.0460 0.0000 0.0000 0.0460
            07/15/99 07/13/99 07/29/99 0.0460 0.0000 0.0000 0.0460
            06/14/99 06/10/99 06/28/99 0.0460 0.0000 0.0000 0.0460
            05/06/99 05/04/99 05/20/99 0.0460 0.0000 0.0000 0.0460
            04/15/99 04/13/99 04/29/99 0.0460 0.0000 0.0000 0.0460
            03/12/99 03/10/99 03/26/99 0.0460 0.0000 0.0000 0.0460
            01/15/93 01/11/93 01/29/93 0.0610 0.0000 0.0000 0.0610
            07/14/92 07/08/92 07/28/92 0.0650 0.0000 0.0000 0.0650
            06/11/92 06/05/92 06/25/92 0.0650 0.0000 0.0000 0.0650
            05/14/92 05/08/92 05/29/92 0.0650 0.0000 0.0000 0.0650
            04/14/92 04/08/92 04/29/92 0.0650 0.0000 0.0000 0.0650
            03/13/92 03/09/92 03/27/92 0.0650 0.0000 0.0000 0.0650
            02/14/92 02/10/92 02/28/92 0.0650 0.0000 0.0000 0.0650
            01/14/92 01/08/92 01/28/92 0.0650 0.0000 0.0000 0.0650
            See all rows...

            Distributions are sourced entirely from net investment income, unless noted otherwise. If the fund estimates that a portion of its distribution may be comprised of amounts from sources other than net investment income in accordance with its policies and accounting practices, the fund will notify shareholders of the estimated composition of such distribution through a Section 19 Notice.

            Tax consequences of dividend or capital gain distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. You should not draw any conclusions about the Fund's investment performance from the amount of the fund's distributions. Trading CEFs will also generate tax consequences and transaction expenses. This information is general in nature and is not intended to constitute tax advice. Please consult your own legal or tax advisor for more detailed information on tax issues and advice as they relate to your specific situation.

            Literature

            ANNOUNCEMENTS

            • Download
            • Share
            • Subscribe
            • Order
            DMF DSM LEO Dividend Declaration Press Release March 2024
            BNY MELLON MUNICIPAL BOND CLOSED-END FUNDS ANNOUNCE SALE OF $158.4 MILLION OF VARIABLE RATE MUNIFUND TERM PREFERRED SHARES - July 2023
            Press Release - June 30 2023 - APRS DSM LEO DMF Redemption

            Reports

            • Download
            • Share
            • Subscribe
            • Order
            Factsheet Download
            Annual Report Download
            Semi Annual Report Download
            1Q Fiscal Holdings Download
            3Q Fiscal Holdings Download

            Shares of closed-end funds (CEF) are sold in the open market through a stock exchange. Shares may only be purchased or sold through registered broker/dealers. Closed-end funds, unlike open-end funds, are typically not continuously offered.

            Closed-end fund shares are not deposits or obligations of, or guaranteed by, any bank and are not insured by the FDIC or any other agency. CEFs are subject to investment risk, including possible loss of principal amount invested. An investment in the fund may be speculative and it involves a high degree of risk. No assurance can be given that a fund will achieve its investment objective. An investment in CEFs presents a number of risks and is not appropriate for all investors. Investors should carefully review and consider potential risks before investing. Please see Main Risks section above for additional information regarding investment risks.

            Municipal income may be subject to state and local taxes. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.

            This material is for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, or investment manager, and should not serve as a primary basis for investment decisions. Please consult with you own tax, legal or financial professional regarding your particular situation.

            BNY Mellon Investment Adviser, Inc., Insight North America LLC and BNY Mellon Securities Corporation, a registered broker-dealer, are subsidiaries of The Bank of New York Mellon Corporation.

            This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement, and should not serve as a primary basis for investment decisions. Please consult a legal, tax or financial professional in order to determine whether an investment product or service is appropriate for a particular situation

             

            MARK-229510-2021-11-22