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BNY Mellon Strategic Municipal (LEO)

National Muni Bond Funds - Muni High Yield

Data as of June 20, 2024
Market Price $6.10 (- $0.01)
NAV (June 20, 2024) $7.05 (- $0.01)
Fund Listed NYSE
Premium / Discount -13.48% (-0.02%)
Fund Info
Inception Sept. 23, 1987
Sponsor BNY Mellon Investment Adviser
Website https://im.bnymellon.c...
Phone 1-800-373-9387
Location New York
Incorporated Maryland
Staggered Board Yes
Term Date N/A
Objective: High current income exempt from Federal income tax with capital preservation through investment in investment grade municipal bonds, industrial development bonds.
Related Indexes
High Yield Municipal Index
Capital & Leverage
Outstanding Shares 62,290,854
Total Assets (Reported: March 31, 2024) $631M
Estimated Total Assets $634M
Net Assets $439M
Market Cap $380M
Portfolio Turnover 21.29%
Total Leverage 30.75%
Structural Leverage (out of total) 41.66%
Portfolio Leverage (out of total) 58.34%
Expense Ratio 2.85%
Non Lev Exp Ratio 0.88%
Rel Lev Cost 4.43%
Discount Data
Average Discount (3 Yr) -8.60%
Discount Low(3 Yr) -17.19%
Discount High(3 Yr) 6.88%
Discount Rel Range (3 Yr) 15.44%
Comp Discount -4.80
Discount St Dev (1Yr) 1.44
Z-Stat (6mo) 0.84
Z-Stat (1Yr) 0.39
Z-Stat (3Yr) -0.92
Comp Z-Stat (6mo) -0.11
Comp Z-Stat (3Yr) -0.58
Distribution Data
Market Yield 3.74%
Income Yield 3.74%
Lev Adj NAV Yield 2.47%
Distribution Frequency M
Current Distribution $0.019
Current Income $0.019
Ex-Date 6/14/24
Payable Date 6/28/24
Div Growth (3yr) -45.71%
Dividend Change -17.4% on 7/26/23
Expected Div 6/27/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2018
Income 0%
ST Gains 0%
QDI 0%
LT Gains 0%
RoC 0%
Volume & Liquidity
Average Daily $ (K) $1,006
Avg Volume 30 day 191,616
Avg Volume 90 day 164,992
Volume Trend 16.14%
Comp Volume Trend 13.44%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's High Yield Municipal Index
Most Correlated Peer (Mk Pr): MAV 86.0%
NAV - Price Correlation (30 d) 94.8%
NAV - Price Correlation (90 d) 90.6%
NAV - Price Correlation (1 Yr) 94.9%
Price St Dev (1Yr) 11.4%
NAV St Dev (1Yr) 7.4%
Earnings / Share (3/31/24) $0.022
Earn Coverage 115.79%
Earnings Trend Down
UNII / Share (3/31/24) $0.029
Rel UNII 12.54
UNII Trend Down
Bond Specific Data
Maturity 19.71
Duration 9.47
Credit Rating (rbo) A
Investment Grade 70.35%
Non Investment Grade 10.35%
Unrated Bonds 19.31%
Average Bond Price 110.27
Discount vs Price -3.21
Coupon 4.99%
Zero Coupon 3.46%
AMT 0.00%
AMT Yield 3.74%
Bond Calls Risk 4.21%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Municipal Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

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