BNY Mellon Strategic Municipals, Inc.

Frequently Asked Questions About LEO

What does LEO invest in?

BNY Mellon Strategic Municipals, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax. It employs fundamental analysis to create its portfolio. The fund was formerly known as Dreyfus Strategic Municipals, Inc. BNY Mellon Strategic Municipals, Inc. was formed on September 23, 1987 and is domiciled in the United States.

What is the expense ratio of LEO?

BNY Mellon Strategic Municipals, Inc. (LEO) charges an expense ratio of 2.72%. This is the annual fee deducted from fund assets to cover management and operations.

What is LEO's dividend yield?

LEO's trailing-twelve-month yield is 5.22%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of LEO?

Effective duration measures LEO's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LEO's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of LEO?

LEO's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of LEO?

Yield to maturity (YTM) is the total return you'd earn from LEO if every bond in the portfolio is held to maturity at the current price. LEO's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.