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BNY Mellon Strategic Municipal (LEO)

National Muni Bond Funds - Muni High Yield

Data as of Sept. 21, 2023
Market Price $5.50 (- $0.08)
NAV (Sept. 21, 2023) $6.49 (- $0.10)
Fund Listed NYSE
Premium / Discount -15.25% (+0.07%)
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, 2023) $663M
Estimated Total Assets $610M
Net Assets $404M
Market Cap $343M
Portfolio Turnover 9.27%
Total Leverage 33.77%
Structural Leverage (out of total) 36.01%
Portfolio Leverage (out of total) 63.99%
Expense Ratio 2.12%
Non Lev Exp Ratio 0.91%
Rel Lev Cost 2.33%
Discount Data
Average Discount (3 Yr) -5.33%
Discount Low(3 Yr) -16.21%
Discount High(3 Yr) 6.88%
Discount Rel Range (3 Yr) 3.84%
Comp Discount -3.71
Discount St Dev (1Yr) 2.45
Z-Stat (6mo) -2.06
Z-Stat (1Yr) -2.20
Z-Stat (3Yr) -2.14
Comp Z-Stat (6mo) -1.22
Comp Z-Stat (3Yr) -0.88
Distribution Data
Market Yield 4.15%
Income Yield 4.15%
Lev Adj NAV Yield 2.63%
Distribution Frequency M
Current Distribution $0.019
Current Income $0.019
Ex-Date 9/14/23
Payable Date 10/2/23
Div Growth (3yr) -45.71%
Dividend Change -17.4% on 7/26/23
Expected Div 9/28/23
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) $927
Avg Volume 30 day 164,215
Avg Volume 90 day 168,477
Volume Trend -2.53%
Comp Volume Trend -2.39%
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): NZF 78.0%
NAV - Price Correlation (30 d) 56.1%
NAV - Price Correlation (90 d) 94.6%
NAV - Price Correlation (1 Yr) 64.9%
Price St Dev (1Yr) 15.7%
NAV St Dev (1Yr) 7.2%
Earnings / Share (3/31/23) $0.022
Earn Coverage 116.32%
Earnings Trend Down
UNII / Share (3/31/23) $0.041
Rel UNII 17.94
UNII Trend Up
Bond Specific Data
Maturity 19.14
Duration 9.33
Credit Rating (rbo) A
Investment Grade 69.15%
Non Investment Grade 9.75%
Unrated Bonds 21.09%
Average Bond Price 109.06
Discount vs Price -6.19
Coupon 5.01%
Zero Coupon 3.95%
AMT 0.00%
AMT Yield 4.15%
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

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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