CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

Go to AICA CEF/BDC Screener Learn More @ www.AICalliance.org

BNY Mellon Strategic Municipal (LEO)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of Oct. 17, 2019
Market Price $8.44 (- $0.04)
NAV (Oct. 17, 2019) $8.64 (- $0.02)
Premium / Discount -2.31% (-0.24%)
Fund Info
Inception Sept. 23, 1987
Sponsor BNY Mellon Investment Adviser
Website https://im.bnymellon.c...
Phone 1-800-373-9387
Objective: High current income exempt from Federal income tax with capital preservation through investment in investment grade municipal bonds, industrial development bonds.
Related Indexes
National Municipal Bond Index
Tax-Sensitive Income Index
Capital & Leverage
Outstanding Shares 62,195,578
Total Assets (Reported: March 31, 2019) $833M
Estimated Total Assets $592M
Net Assets $537M
Market Cap $525M
Purchases Turnover 20.33%
Sales Turnover 39.01%
Total Leverage 36.00%
Structural Leverage (out of total) 25.56%
Portfolio Leverage (out of total) 74.44%
Expense Ratio 2.22%
Non Lev Exp Ratio 0.84%
Rel Lev Cost 2.41%
Discount Data
Average Discount (3 Yr) -3.41%
Discount Low(3 Yr) -13.76%
Discount High(3 Yr) 5.54%
Discount Rel Range 60.54%
Comp Discount 1.59
Discount St Dev (1Yr) 3.57
Z-Stat (6mo) 0.80
Z-Stat (1Yr) 1.07
Z-Stat (3Yr) 0.27
Comp Z-Stat (6mo) 0.13
Comp Z-Stat (3Yr) -0.25
Distribution Data
Market Yield 4.98%
Income Yield 4.98%
Lev Adj NAV Yield 3.57%
Distribution Frequency M
Current Distribution $0.035
Current Income $0.035
Ex-Date 10/11/19
Payable Date 10/31/19
Div Growth (3yr) -18.60%
Dividend Change -18.6% on 1/26/18
Expected Div 10/30/19
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 $ (M) $1,102
Avg Volume 30 day 103,525
Avg Volume 90 day 130,554
Volume Trend -20.70%
Comp Volume Trend -6.36%
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 National Municipal Bond Index
Most Correlated Peer (Mk Pr): DSM 89.0%
NAV - Price Correlation (30 d) 78.6%
NAV - Price Correlation (90 d) 62.1%
NAV - Price Correlation (1 Yr) 95.6%
Price St Dev (1Yr) 9.2%
NAV St Dev (1Yr) 2.8%
Earnings / Share (3/31/19) $0.036
Earn Coverage 102.57%
Earnings Trend Down
UNII / Share (3/31/19) $0.024
Rel UNII 5.76
UNII Trend Up
Bond Specific Data
Maturity 18.96
Duration 5.71
Credit Rating (rbo) A
Investment Grade 63.85%
Non Investment Grade 17.29%
Unrated Bonds 18.87%
Average Bond Price 102.43
Discount vs Price 0.12
Coupon 5.34%
Zero Coupon 2.42%
AMT 8.05%
AMT Yield 4.86%
Bond Calls Risk 17.62%
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 National Municipal Bond Index


CEFData.com 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 CEFdata.com. 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.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2016. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.