BNY Mellon Strategic Municipals Inc Investment Performance and Fees

BNY Mellon Strategic Municipals Inc has a strong track record of delivering consistent returns to its investors.

The fund's investment performance is impressive, with a 10-year annualized return of 4.3% as of December 2022. This is significantly higher than the average return of similar municipal bond funds.

Investors can expect to pay a management fee of 0.40% and an administrative fee of 0.10% per year, which is relatively low compared to other investment options.

These fees are deducted from the fund's net asset value (NAV) on a quarterly basis, and investors can view the fund's fee structure in the prospectus.

BNY Mellon Strategic Municipals, Inc. is a fund with a legal name that matches its title. It's part of the Dreyfus fund family.

The fund was established on October 1, 2018, making it a relatively new investment option. It has a significant number of shares outstanding, with 62,290,854 shares currently in circulation.

Here are some key details about the fund's structure:

The BNY Mellon Strategic Municipal Bond Fund, Inc. has been around since October 1, 2018, making it a relatively new addition to the Dreyfus fund family.

The fund's inception date is a significant milestone, marking the beginning of its investment journey.

With 49,421,511 shares outstanding, the fund has a substantial amount of capital to work with.

This large number of shares can be beneficial in terms of diversification and liquidity.

The fund's currency is USD, which is the standard for US-based funds like this one.

The fund is domiciled in the United States, which means it's subject to US regulations and oversight.

Jeffrey Burger is the manager behind the fund's investment strategy.

The fund's share class is classified as "Other", which may indicate a unique or specialized investment approach.

Here's a quick snapshot of the fund's key statistics:

When analyzing the operational fees of a fund, it's essential to understand the different components that make up the total cost. The expense ratio, management fee, and administrative fee are the primary fees you'll encounter.

The expense ratio is a key fee to consider, as it's the total cost of running the fund, expressed as a percentage of the fund's assets under management (AUM). In our example, the expense ratio is 1.08% of AUM.

The management fee is another significant fee, which is typically a percentage of the fund's AUM. In this case, the management fee is 0.75% of AUM. This fee is usually paid to the fund manager for their services.

The 12b-1 fee is a type of marketing fee, which is used to promote the fund and attract new investors. However, in our example, the 12b-1 fee is listed as N/A, indicating that it's not applicable or available.

Administrative fees are also a type of operational fee, but in our example, they are listed as N/A, suggesting that they are not applicable or available.

Here's a summary of the operational fees mentioned earlier:

Keep in mind that these fees can vary depending on the fund and its specific characteristics. It's essential to carefully review the fund's fees and expenses before investing.

The BNY Mellon Strategic Municipal Bond Fund, Inc. has underperformed the S&P 500 by -2.7% over the past 5 trading days.

This suggests its relative strength compared to the major market average is weak at this time.

Here are some key performance metrics to keep in mind:

Sales fees can eat into your investment returns, so it's essential to understand what you're paying. The XLEOX fees range from 1.00% to 4.50% of the Assets Under Management (AUM), depending on the category return.

For front-load sales fees, the minimum is 1.00% of AUM, while the maximum is 4.50%. This is a significant charge, and you should consider it when evaluating investment options.

Deferred load sales fees are also present, with a minimum of 1.00% and a maximum of 4.00% of AUM. These fees can add up quickly, so it's crucial to factor them into your investment decisions.

Here's a summary of the sales fees:

In the world of investments, price performance is a key metric to consider. The price of a stock can fluctuate greatly over time, making it essential to understand its trends.

The price of BNY Mellon Strategic Municipals traded down $0.04 on Monday, hitting $6.04. This is a significant drop from its previous price.

Its average volume of 177,528 shares exchanged daily provides a benchmark for understanding the stock's liquidity. This average volume can help investors gauge the stock's market activity.

The stock has a fifty day moving average of $6.12, indicating its recent price performance. This average is calculated by taking the average closing price of the stock over the past 50 days.

A two-hundred day moving average of $6.42 shows the stock's price trend over a longer period. This average is calculated by taking the average closing price of the stock over the past 200 days.

With a twelve month low of $5.87, investors can see the stock's price has hit a historic low in the past year. This low point can be a buying opportunity for some investors.

A twelve month high of $8.53 highlights the stock's price has reached a historic high in the past year. This high point can be a selling opportunity for some investors.

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When evaluating investment performance, dividend yield analysis is a crucial aspect to consider. Dividend yield analysis helps investors assess the attractiveness of a stock based on its dividend payout.

The dividend yield of XLEOX is 0.00%. This is significantly lower than the category high of 5.94%. In fact, XLEOX has a dividend yield that ranks 96.02% below the category high.

A low dividend yield may not be a cause for concern if the stock is expected to grow rapidly. However, it's essential to consider the overall performance of the investment.

Investing in the stock market can be a thrilling experience, but it's essential to keep an eye on your investments' performance. BNY Mellon Strategic Municipal Bond Fund, Inc. has underperformed the S&P 500 by -2.7% over the past 5 trading days.

This suggests its relative strength compared to the major market average is weak at this time.

BNY Mellon Strategic Municipals, Inc is a closed ended fixed income mutual fund.

It's managed by BNY Mellon Investment Adviser, Inc, a company with expertise in fixed income markets.

The fund primarily invests in investment grade municipal bonds.

These bonds provide income that's exempt from federal income tax.

Related reading: Green Municipal Bonds

BNY Mellon Strategic Municipal Bond Fund, Inc. does not have a share repurchase program in place at this time.

The fund's current focus is on its investment portfolio, which includes a range of municipal bonds with varying interest rates. For example, the top 10 holdings of the fund include bonds with interest rates such as 2.64%, 1.62%, and 1.38%.

Here are the top 10 holdings of the fund:

BNY Mellon Strategic Municipal Bond Fund, Inc. does not have a share repurchase program in place at this time.

A share repurchase program can significantly impact a company's share price and earnings per share. Typically, a lower share count results in higher earnings per share, assuming all other factors remain equal.

The absence of a buyback program means BNY Mellon Strategic Municipal Bond Fund, Inc. isn't reducing its share count, which could be affecting its earnings per share.

BNY Mellon Strategic Municipal Bond Fund, Inc. has indeed experienced year-over-year earnings growth for 0 quarters straight, according to the latest available data.

In the most recent quarter, the company reported earnings per share of $--.

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In this section, we'll take a closer look at the top 10 holdings, which are essentially the investments that make up a significant portion of the overall portfolio.

The top holding is the BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% with a yield of 2.64%.

This is followed by the TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5% with a yield of 1.62%.

The PALM BEACH CNTY FLA HEALTH FACS AUTH RETIREMENT CMNTY REV 5% is also a significant holding, with a yield of 1.57%.

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Interestingly, the JEFFERSON CNTY ALA SWR REV 0% has a yield of 1.55%, despite having a 0% interest rate.

The PALM BEACH CNTY FLA HEALTH FACS AUTH RETIREMENT CMNTY REV 5.5% is another holding with a yield of 1.54%.

Here are the top 10 holdings in a list format for easier reference:

The LOWER ALA GAS DIST GAS PROJ REV 5% and IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 5.25% both have yields of 1.38%.

The TENDER OPT BD TR RCPTS / CTFS VAR STS 8.715% has a significantly higher yield of 8.715%, but a lower yield of 1.37%.

Finally, the SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5% and MICHIGAN ST STRATEGIC FD LTD OBLIG REV 5% both have yields of 1.34% and 1.30% respectively.

BNY Mellon Strategic Municipals Inc's performance is consistently strong, ranking high in its category across various periods. In the trailing 10-year period, its rank in category is 96.97%, indicating a stable performance over time.

The fund's concentration analysis shows a moderate level of concentration, with a net assets weighting of 30.96% for the top 10 holdings. This suggests a balanced portfolio with a mix of large and small holdings.

Here is a summary of the fund's concentration analysis:

In the world of investing, ranking and concentration are crucial factors to consider. The Total Trailing Ranking is a key metric that helps investors evaluate the performance of their investments.

The Total Trailing Ranking measures the relative performance of an investment compared to its category peers over a specified period. For instance, in the 1-year period, XLEOX ranked 94.53% in its category, indicating that it performed better than 94.53% of its peers.

Investors can use the Total Trailing Ranking to identify top-performing investments and make informed decisions about their portfolios. The ranking can also help investors identify areas for improvement in their investment strategies.

Here's a breakdown of the Total Trailing Ranking for XLEOX over different periods:

Note that the ranking can vary significantly over different time periods, highlighting the importance of considering multiple perspectives when evaluating an investment's performance. For instance, in the 10-year period, XLEOX ranked 87.12% in its category, which is significantly lower than its ranking in the 1-year period. This suggests that the investment's performance has been more volatile over the longer term.

Concentration Analysis is a key aspect of ranking and concentration, and it's essential to understand how it works. Let's take a closer look at the numbers.

The Net Assets of XLEOX and XDSMX funds are $467 million and $355 million, respectively. These figures are significantly lower than the Category High of $15.6 billion, indicating a moderate level of concentration.

Both funds, XLEOX and XDSMX, have a high number of holdings, with 231 and 198 holdings, respectively. This is higher than the Category Low of 20 holdings, suggesting a diverse portfolio.

The Net Assets in the Top 10 holdings for XLEOX and XDSMX are $80.1 million and $60.6 million, respectively. These figures are higher than the Category Low of -$102 million, indicating a strong focus on the top holdings.

Here's a comparison of the Weighting of Top 10 holdings for XLEOX and XDSMX:

These figures suggest that both funds have a moderate level of concentration, with XDSMX having a slightly higher weighting of Top 10 holdings. However, it's essential to note that these figures are still lower than the Category High of 98.9%.