NPORT-EX 2 c10287bnymellonstr-june20201.htm

Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Strategic Municipals, Inc.

June 30, 2020 (Unaudited)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Bonds and Notes - .3%
Collateralized Municipal-Backed Securities - .3%
Arizona Industrial Development Authority, Revenue Bonds, Ser. 2019-2 (cost $1,899,465)		3.63		5/20/2033		1,730,578		1,801,169
Long-Term Municipal Investments - 98.8%
Alabama - 3.2%
Alabama Special Care Facilities Financing Authority, Revenue Bonds (Methodist Home for the Aging Obligated Group)		5.75		6/1/2045		6,000,000		6,017,520
Jefferson County, Revenue Bonds, Refunding, Ser. F		0/7.90		10/1/2050		2,500,000	a	2,422,725
The Lower Alabama Gas District, Revenue Bonds, Ser. A		5.00		9/1/2046		6,000,000		8,266,980
University of Alabama at Birmingham, Revenue Bonds, Ser. B		4.00		10/1/2036		2,000,000		2,377,060
							19,084,285
Arizona - 4.9%
Arizona Industrial Development Authority, Revenue Bonds (Academics of Math & Science Obligated Group)		5.00		7/1/2054		1,275,000	b	1,296,254
Arizona Industrial Development Authority, Revenue Bonds (Cadence Campus Project) Ser. A		4.00		7/15/2030		625,000	b	640,169
Arizona Industrial Development Authority, Revenue Bonds (Cadence Campus Project) Ser. A		4.00		7/15/2040		925,000	b	869,001
Arizona Industrial Development Authority, Revenue Bonds, Refunding (Basis Schools Projects) Ser. D		5.00		7/1/2051		380,000	b	397,092
Arizona Industrial Development Authority, Revenue Bonds, Refunding (Basis Schools Projects) Ser. D		5.00		7/1/2047		1,035,000	b	1,084,111
Glendale Industrial Development Authority, Revenue Bonds, Refunding (Sun Health Services Obligated Group) Ser. A		5.00		11/15/2054		1,000,000		1,074,300

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Arizona - 4.9% (continued)
La Paz County Industrial Development Authority, Revenue Bonds (Charter School Solutions) Ser. A		5.00		2/15/2036		2,480,000	b	2,708,135
Maricopa County Industrial Development Authority, Revenue Bonds (Benjamin Franklin Charter School Obligated Group)		6.00		7/1/2052		3,000,000	b	3,335,610
Maricopa County Industrial Development Authority, Revenue Bonds, Refunding (Paradise Schools Projects Paragon Management)		5.00		7/1/2047		2,000,000	b	2,065,200
Tempe Industrial Development Authority, Revenue Bonds (Mirabella at ASU Project) Ser. B		5.35		10/1/2025		3,000,000	b	3,015,900
Tender Option Bond Trust Receipts (Series 2018-XF2537), (Salt Verde Financial Corporation, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00		17.31		12/1/2037		1,010,000	b,c,d	2,287,529
The Phoenix Industrial Development Authority, Revenue Bonds, Refunding (BASIS Schools Projects) Ser. A		5.00		7/1/2046		2,000,000	b	2,071,440
The Phoenix Industrial Development Authority, Revenue Bonds, Refunding (BASIS Schools Projects) Ser. A		5.00		7/1/2035		2,360,000	b	2,484,490
The Pima County Industrial Development Authority, Revenue Bonds (American Leadership Academy Project)		5.00		6/15/2047		6,000,000	b	5,929,800
							29,259,031
California - 2.9%
California Municipal Finance Authority, Revenue Bonds, Refunding (William Jessup University)		5.00		8/1/2039		1,000,000		1,038,410
California Public Finance Authority, Revenue Bonds (NCCD-Claremont Properties-Claremont Colleges Project) Ser. A		5.00		7/1/2047		1,000,000	b	750,000
California Statewide Communities Development Authority, Revenue Bonds (Loma Linda University Medical Center Obligated Group)		5.50		12/1/2058		1,000,000	b	1,080,980

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
California - 2.9% (continued)
California Statewide Communities Development Authority, Revenue Bonds, Refunding (Bentley School) Ser. A		7.00		7/1/2040		2,090,000		2,110,900
San Buenaventura, Revenue Bonds (Community Memorial Health System)		7.50		12/1/2041		2,000,000		2,117,180
San Francisco City & County Redevelopment Agency, Special Tax Bonds, Refunding, Ser. A		5.00		8/1/2023		1,000,000		1,078,900
Tender Option Bond Trust Receipts (Series 2016-XM0379), (Los Angeles Department of Water & Power, Revenue Bonds, Refunding) Non-recourse, Underlying Coupon Rate (%) 5.00		17.91		7/1/2043		1,250,000	b,c,d	1,646,775
Tender Option Bond Trust Receipts (Series 2016-XM0434), (The Regents of the University of California, Revenue Bonds, Refunding) Recourse, Underlying Coupon Rate (%) 5.00		17.98		5/15/2038		2,500,000	b,c,d	3,581,750
Tender Option Bond Trust Receipts (Series 2016-XM0440), (Los Angeles Department of Airports, Revenue Bonds, Refunding (Los Angeles International Airport)) Recourse, Underlying Coupon Rate (%) 5.00		17.83		5/15/2031		517,000	b,c,d	538,125
Tender Option Bond Trust Receipts (Series 2020-XF2876), (San Francisco California City & County Airport Commission, Revenue Bonds, Refunding) Ser. E, Recourse, Underlying Coupon Rate (%) 5.00		17.46		5/1/2050		1,940,000	b,c,d	3,465,888
							17,408,908
Colorado - 2.9%
Denver City & County, Revenue Bonds, Refunding (United Airlines Project)		5.00		10/1/2032		1,000,000		1,006,230
Dominion Water & Sanitation District, Revenue Bonds		6.00		12/1/2046		4,625,000		4,833,634
Hess Ranch Metropolitan District No. 6, GO, Ser. A1		5.00		12/1/2049		2,000,000		2,015,060

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Colorado - 2.9% (continued)
Tender Option Bond Trust Receipts (Series 2016-XM0385), (Board of Governors of the Colorado State University, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00		16.62		3/1/2038		1,875,000	b,c,d	2,451,375
Tender Option Bond Trust Receipts (Series 2016-XM0433), (Colorado Springs, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00		17.82		11/15/2043		2,440,000	b,c,d	3,648,288
Tender Option Bond Trust Receipts (Series 2020-XM0829), (Colorado Health Facilities Authority, Revenue Bonds, Refunding (CommonSpirit Health Obligated Group)) Ser. A1, Recourse, Underlying Coupon Rate (%) 4.00		16.86		8/1/2044		1,110,000	b,c,d	2,391,784
Vauxmont Metropolitan District, GO, Refunding (Insured; Assured Guaranty Municipal Corp.)		3.25		12/15/2050		800,000		848,248
							17,194,619
Connecticut - 1.6%
Connecticut, Special Tax Bonds, Ser. A		5.00		5/1/2040		1,000,000		1,257,760
Connecticut Health & Educational Facilities Authority, Revenue Bonds, Refunding (Trinity Health Obligated Group)		5.00		12/1/2045		2,500,000		2,896,000
Connecticut Housing Finance Authority, Revenue Bonds, Refunding, Ser. A1		3.65		11/15/2032		1,555,000		1,700,361
Harbor Point Infrastructure Improvement District, Tax Allocation Bonds, Refunding (Harbor Point Project)		5.00		4/1/2039		3,500,000	b	3,709,230
							9,563,351
District of Columbia - 1.5%
Metropolitan Washington Airports Authority, Revenue Bonds, Refunding (Dulles Metrorail & Capital Improvement Projects) Ser. A		5.00		10/1/2039		1,000,000		1,179,810
Metropolitan Washington Airports Authority, Revenue Bonds, Refunding, Ser. B		4.00		10/1/2049		1,000,000		1,079,400

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
District of Columbia - 1.5% (continued)
Tender Option Bond Trust Receipts (Series 2016-XM0437), (District of Columbia, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00		17.83		12/1/2035		5,000,000	b,c,d	6,885,100
							9,144,310
Florida - 6.3%
Atlantic Beach, Revenue Bonds (Fleet Landing Project) Ser. A		5.00		11/15/2053		3,000,000		3,038,730
Florida Development Finance Corp., Revenue Bonds (Miami Arts Charter School Project) Ser. A		6.00		6/15/2044		5,000,000	b	4,449,400
Miami-Dade County, Revenue Bonds		0.00		10/1/2045		3,000,000	e	1,261,110
Mid-Bay Bridge Authority, Revenue Bonds, Ser. A		7.25		10/1/2021		6,000,000	f	6,510,780
Palm Beach County Health Facilities Authority, Revenue Bonds (ACTS Retirement-Life Communities Obligated Group)		5.00		11/15/2045		2,850,000		3,195,904
Palm Beach County Health Facilities Authority, Revenue Bonds (ACTS Retirement-Life Communities Obligated Group) Ser. B		5.00		11/15/2042		735,000		849,844
Palm Beach County Health Facilities Authority, Revenue Bonds (Lifespace Communities Obligated Group) Ser. B		4.00		5/15/2053		2,600,000		2,153,398
Pinellas County Industrial Development Authority, Revenue Bonds (Foundation for Global Understanding)		5.00		7/1/2029		1,000,000		1,102,840
Seminole County Industrial Development Authority, Revenue Bonds, Refunding (Legacy Pointe at UCF Project)		5.75		11/15/2054		2,500,000		2,212,375
St. Johns County Industrial Development Authority, Revenue Bonds, Refunding (Presbyterian Retirement Communities Project) Ser. A		6.00		8/1/2020		6,500,000	f	6,529,510
Tender Option Bond Trust Receipts (Series 2019-XF0813), (Fort Myers Florida Utility, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 4.00		14.05		10/1/2049		855,000	b,c,d	1,328,345

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Florida - 6.3% (continued)
Tender Option Bond Trust Receipts (Series 2019-XM0782), (Palm Beach County Florida Health Facilities Authority, Revenue Bonds, Refunding (Baptist Health South Florida Obligated Group)) Recourse, Underlying Coupon Rate (%) 4.00		13.92		8/15/2049		1,385,000	b,c,d	1,975,038
Tender Option Bond Trust Receipts (Series 2020-XF2877), (Greater Orlando Aviation Authority, Revenue Bonds) Ser. A, Recourse, Underlying Coupon Rate (%) 4.00		13.85		10/1/2049		1,165,000	b,c,d	1,624,068
Village Community Development District No.10, Special Assessment Bonds		6.00		5/1/2044		900,000		989,505
							37,220,847
Georgia - 2.1%
Atlanta Water & Wastewater, Revenue Bonds, Ser. D		3.50		11/1/2028		1,665,000	b	1,796,452
Tender Option Bond Trust Receipts (Series 2016-XM0435), (Private Colleges & Universities Authority, Revenue Bonds, Refunding (Emory University)) Recourse, Underlying Coupon Rate (%) 5.00		17.83		10/1/2043		2,500,000	b,c,d	3,618,450
Tender Option Bond Trust Receipts (Series 2019-XF2847), (Municipal Electric Authority of Georgia, Revenue Bonds (Plant Vogtle Unis 3&4 Project)) Ser. A, Recourse, Underlying Coupon Rate (%) 5.00		17.65		1/1/2056		900,000	b,c,d	1,478,025
Tender Option Bond Trust Receipts (Series 2020-XM0825), (Brookhaven Development Authority, Revenue Bonds (Children's Healthcare of Atlanta) Ser. A) Recourse, Underlying Coupon Rate (%) 4.00		15.32		7/1/2044		1,585,000	b,c,d	2,911,788
The Burke County Development Authority, Revenue Bonds, Refunding (Oglethorpe Power Corp.) Ser. D		4.13		11/1/2045		2,400,000		2,604,984
							12,409,699
Hawaii - .3%
Hawaii Department of Budget & Finance, Revenue Bonds, Refunding (Hawaiian Electric Co.)		4.00		3/1/2037		1,500,000		1,619,325

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Idaho - .8%
Power County Industrial Development Corp., Revenue Bonds (FMC Corp. Project)		6.45		8/1/2032		5,000,000		5,024,250
Illinois - 11.6%
Chicago Board of Education, GO, Refunding, Ser. A		5.00		12/1/2034		1,400,000		1,506,274
Chicago Board of Education, GO, Ser. D		5.00		12/1/2046		2,000,000		2,105,680
Chicago Board of Education, GO, Ser. H		5.00		12/1/2036		2,000,000		2,121,940
Chicago II, GO, Refunding, Ser. A		6.00		1/1/2038		3,000,000		3,391,650
Chicago II, GO, Ser. A		5.00		1/1/2044		4,000,000		4,278,880
Chicago II, GO, Ser. A		5.50		1/1/2049		1,000,000		1,097,340
Chicago O'Hare International Airport, Revenue Bonds		5.63		1/1/2035		1,015,000		1,035,767
Chicago O'Hare International Airport, Revenue Bonds		5.63		1/1/2021		2,235,000	f	2,294,876
Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. A		5.00		1/1/2048		3,585,000		4,225,604
Illinois, GO, Refunding, Ser. A		5.00		10/1/2028		3,225,000		3,541,211
Illinois, GO, Refunding, Ser. A		5.00		10/1/2029		1,100,000		1,198,879
Illinois, GO, Ser. A		5.00		5/1/2038		3,900,000		4,165,161
Illinois, GO, Ser. B		5.00		11/1/2030		1,500,000		1,631,550
Illinois, GO, Ser. C		5.00		11/1/2029		1,120,000		1,210,440
Illinois, GO, Ser. D		5.00		11/1/2028		2,825,000		3,074,052
Illinois Finance Authority, Revenue Bonds, Refunding (Lutheran Life Communities Obligated Group) Ser. A		5.00		11/1/2040		1,750,000		1,730,067
Metropolitan Pier & Exposition Authority, Revenue Bonds (McCormick Place Expansion Project)		5.00		6/15/2057		2,000,000		2,104,060
Metropolitan Pier & Exposition Authority, Revenue Bonds (McCormick Place Project) (Insured; National Public Finance Guarantee Corp.) Ser. A		0.00		12/15/2036		2,500,000	e	1,290,750
Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding (McCormick Place Expansion Project)		0.00		12/15/2054		21,800,000	e	4,330,352
Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding (McCormick Place Expansion Project)		5.00		6/15/2050		1,500,000		1,602,450

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Illinois - 11.6% (continued)
Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding (McCormick Place Project) Ser. B		5.00		12/15/2028		3,000,000		3,080,280
Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding (McCormick Place Project) Ser. B		5.00		6/15/2052		1,650,000		1,669,536
Railsplitter Tobacco Settlement Authority, Revenue Bonds		6.00		6/1/2021		5,050,000	f	5,312,499
Sales Tax Securitization Corp., Revenue Bonds, Refunding, Ser. A		4.00		1/1/2038		2,000,000		2,141,680
Tender Option Bond Trust Receipts (Series 2016-XM0378), (Greater Chicago Metropolitan Water Reclamation District, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00		17.40		12/1/2032		1,875,000	b,c,d	2,242,275
Tender Option Bond Trust Receipts (Series 2017-XM0492), (Illinois Finance Authority, Revenue Bonds, Refunding (The University of Chicago)) Non-recourse, Underlying Coupon Rate (%) 5.00		17.82		10/1/2040		3,000,000	b,c,d	4,953,690
University of Illinois, Revenue Bonds (Auxiliary Facilities System) Ser. A		5.00		4/1/2044		1,000,000		1,096,920
							68,433,863
Indiana - 1.8%
Indiana Finance Authority, Revenue Bonds (Green Bond) (RES Polyflow Indiana)		7.00		3/1/2039		6,175,000	b	5,397,814
Indiana Finance Authority, Revenue Bonds (Ohio Valley Electric Project) Ser. A		5.00		6/1/2039		1,585,000		1,642,139
Indiana Finance Authority, Revenue Bonds (Ohio Valley Electric Project) Ser. B		3.00		11/1/2030		1,000,000		1,029,030
Indiana Finance Authority, Revenue Bonds (Parkview Health System Obligated Group) Ser. A		5.00		11/1/2043		1,000,000		1,173,740
Indiana Finance Authority, Revenue Bonds, Refunding		5.00		3/1/2039		1,400,000		1,412,810
							10,655,533
Iowa - 1.3%
Iowa Finance Authority, Revenue Bonds, Refunding (Iowa Fertilizer Co. Project)		5.25		12/1/2025		7,375,000		7,702,081

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Kansas - .5%
Kansas Development Finance Authority, Revenue Bonds (Village Shalom Project) Ser. A		5.25		11/15/2053		1,000,000		904,240
Kansas Development Finance Authority, Revenue Bonds (Village Shalom Project) Ser. B		4.00		11/15/2025		2,000,000		1,937,840
							2,842,080
Kentucky - .5%
Kentucky Public Energy Authority, Revenue Bonds, Ser. A1		4.00		6/1/2025		2,500,000		2,812,100
Louisiana - 1.2%
Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue Bonds, Refunding (Westlake Chemical Project)		3.50		11/1/2032		3,100,000		3,230,293
Tender Option Bond Trust Receipts (Series 2018-XF2584), (Louisiana Public Facilities Authority, Revenue Bonds (Franciscan Missionaries of Our Lady Health System Project)) Non-recourse, Underlying Coupon Rate (%) 5.00		17.31		7/1/2047		2,690,000	b,c,d	4,037,717
							7,268,010
Maine - .5%
Maine Health & Higher Educational Facilities Authority, Revenue Bonds (Maine General Medical Center Obligated Group)		7.50		7/1/2032		3,000,000		3,120,960
Maryland - 1.1%
Maryland Health & Higher Educational Facilities Authority, Revenue Bonds (Adventist Healthcare Obligated Group) Ser. A		5.50		1/1/2046		3,250,000		3,578,120
Tender Option Bond Trust Receipts (Series 2016-XM0391), (Mayor & City Council of Baltimore, Revenue Bonds, Refunding (Water Projects)) Non-recourse, Underlying Coupon Rate (%) 5.00		17.35		7/1/2042		2,250,000	b,c,d	3,197,565
							6,775,685
Massachusetts - 3.2%
Lowell Collegiate Charter School, Revenue Bonds		5.00		6/15/2049		1,750,000		1,754,410

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Massachusetts - 3.2% (continued)
Massachusetts Development Finance Agency, Revenue Bonds, Refunding (NewBridge Charles Obligated Group)		5.00		10/1/2057		1,000,000	b	1,016,950
Massachusetts Development Finance Agency, Revenue Bonds, Refunding, Ser. A		5.00		7/1/2025		1,400,000		1,628,970
Tender Option Bond Trust Receipts (Series 2016-XM0368), (Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Harvard University)) Non-recourse, Underlying Coupon Rate (%) 5.25		18.87		2/1/2021		2,500,000	b,c,d	2,787,200
Tender Option Bond Trust Receipts (Series 2016-XM0372), (Massachusetts, GO) Non-recourse, Underlying Coupon Rate (%) 5.00		17.85		4/1/2027		2,150,000	b,c,d	2,449,774
Tender Option Bond Trust Receipts (Series 2016-XM0389), (Massachusetts School Building Authority, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00		17.85		5/15/2043		2,500,000	b,c,d	3,514,875
Tender Option Bond Trust Receipts (Series 2018-XF0610), (Massachusetts Transportation Fund, Revenue Bonds (Rail Enhancement & Accelerated Bridge Programs)) Non-recourse, Underlying Coupon Rate (%) 5.00		17.67		6/1/2047		3,190,000	b,c,d	5,831,926
							18,984,105
Michigan - 5.2%
Detroit Water Supply System, Revenue Bonds, Ser. A		5.00		7/1/2021		3,000,000	f	3,142,140
Great Lakes Water Authority Sewage Disposal System, Revenue Bonds, Refunding, Ser. C		5.00		7/1/2036		3,000,000		3,583,170
Michigan Finance Authority, Revenue Bonds (Beaumont Health Credit Obligated Group)		5.00		11/1/2044		5,165,000		5,829,581
Michigan Finance Authority, Revenue Bonds, Refunding (Great Lakes Water Authority) (Insured; Assured Guaranty Municipal Corp.) Ser. C3		5.00		7/1/2031		2,000,000		2,284,200

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Michigan - 5.2% (continued)
Michigan Finance Authority, Revenue Bonds, Refunding (Insured; National Public Finance Guarantee Corp.) Ser. D6		5.00		7/1/2036		2,000,000		2,272,500
Michigan Finance Authority, Revenue Bonds, Refunding, Ser. D2		5.00		7/1/2034		2,000,000		2,343,900
Michigan Tobacco Settlement Finance Authority, Revenue Bonds, Refunding, Ser. A		6.88		6/1/2042		5,000,000		5,026,950
Michigan Tobacco Settlement Finance Authority, Revenue Bonds, Ser. A		6.00		6/1/2048		4,000,000		4,000,760
Tender Option Bond Trust Receipts (Series 2019-XF2837), (Michigan State Finance Authority, Revenue Bonds (Henry Ford Health System)) Recourse, Underlying Coupon Rate (%) 4.00		13.33		11/15/2050		1,465,000	b,c,d	2,040,027
							30,523,228
Minnesota - .6%
Dakota County Community Development Agency, Revenue Bonds (Insured; GNMA/FNMA/FHLMC) Ser. 2006A		5.30		12/1/2039		9,580		9,588
Duluth Economic Development Authority, Revenue Bonds, Refunding (Essentia Health Obligated Group) Ser. A		5.00		2/15/2058		3,000,000		3,403,230
							3,412,818
Mississippi - .9%
Mississippi Development Bank, Revenue Bonds, Refunding (Magnolia Regional Health Center Project) Ser. A		6.50		10/1/2031		5,500,000		5,513,255
Missouri - 2.5%
Kansas City Industrial Development Authority, Revenue Bonds, Ser. A		5.00		3/1/2044		1,000,000		1,185,720
St. Louis County Industrial Development Authority, Revenue Bonds (Friendship Village St. Louis Obligated Group) Ser. A		5.13		9/1/2049		2,975,000		3,067,850
St. Louis County Industrial Development Authority, Revenue Bonds (Friendship Village St. Louis Obligated Group) Ser. A		5.13		9/1/2048		2,025,000		2,089,597
St. Louis Land Clearance for Redevelopment Authority, Revenue Bonds		5.13		6/1/2046		4,845,000		5,343,018

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Missouri - 2.5% (continued)
The St. Louis Missouri Industrial Development Authority, Tax Allocation Bonds (St. Louis Innovation District Project)		4.38		5/15/2036		3,500,000		3,292,975
							14,979,160
Multi-State - .5%
Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificates, Revenue Bonds, Ser. M048		3.15		1/15/2036		2,485,000	b	2,778,603
Nevada - .8%
Clark County School District, GO (Insured; Assured Guaranty Municipal Corp.) Ser. A		4.00		6/15/2036		1,500,000		1,759,695
Reno, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.)		4.00		6/1/2058		2,750,000		2,808,685
							4,568,380
New Jersey - 3.0%
Essex County Improvement Authority, Revenue Bonds (Covanta Holding)		5.25		7/1/2045		1,000,000	b	1,002,770
New Jersey Economic Development Authority, Revenue Bonds, Refunding, Ser. XX		5.25		6/15/2027		4,000,000		4,467,400
New Jersey Housing & Mortgage Finance Agency, Revenue Bonds, Refunding, Ser. D		4.00		4/1/2025		1,560,000		1,747,996
New Jersey Transportation Trust Fund Authority, Revenue Bonds		5.00		6/15/2046		1,775,000		1,938,495
New Jersey Transportation Trust Fund Authority, Revenue Bonds		5.25		6/15/2043		2,000,000		2,234,540
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. AA		5.25		6/15/2033		1,500,000		1,638,900
Tender Option Bond Trust Receipts (Series 2018-XF2538), (New Jersey Economic Development Authority, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.25		18.33		6/15/2040		815,000	b,c,d	1,084,635
Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. B		5.00		6/1/2046		3,410,000		3,745,987
							17,860,723

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
New Mexico - 1.2%
Farmington, Revenue Bonds, Refunding (Public Service Company of New Mexico San Juan Project) Ser. D		5.90		6/1/2040		7,000,000		7,008,540
New York - 6.4%
New York City, GO, Ser. D1		4.00		3/1/2050		2,750,000		3,130,847
New York City Educational Construction Fund, Revenue Bonds, Ser. A		6.50		4/1/2027		4,490,000		4,693,397
New York City Industrial Development Agency, Revenue Bonds (Yankee Stadium Project) (Insured; Assured Guaranty Corp.)		7.00		3/1/2049		5,000,000		5,025,550
New York Convention Center Development Corp., Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) Ser. B		0.00		11/15/2049		6,885,000	e	2,556,676
New York Liberty Development Corp., Revenue Bonds, Refunding (Class 1-3 World Trade Center)		5.00		11/15/2044		7,000,000	b	7,266,350
New York State Dormitory Authority, Revenue Bonds, Refunding (Montefiore Obligated Group) Ser. A		4.00		9/1/2045		1,000,000		1,081,490
New York Transportation Development Corp., Revenue Bonds (LaGuardia Airport Terminal B Redevelopment Project) Ser. A		5.25		1/1/2050		3,500,000		3,796,800
Niagara Area Development Corp., Revenue Bonds, Refunding (Covanta Holding Project) Ser. A		4.75		11/1/2042		2,000,000	b	2,021,140
Port Authority of New York & New Jersey, Revenue Bonds (JFK International Air Terminal Project)		6.00		12/1/2036		2,000,000		2,015,980
Tender Option Bond Trust Receipts (Series 2016-XM0370), (New York City Transitional Finance Authority, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.25		18.87		11/1/2025		1,250,000	b,c,d	1,327,138
Tender Option Bond Trust Receipts (Series 2016-XM0438), (New York City Transitional Finance Authority, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.50		19.80		11/1/2027		1,250,000	b,c,d	1,330,488

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
New York - 6.4% (continued)
Tender Option Bond Trust Receipts (Series 2020-XM0826), (Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) (Insured; Assured Guaranty Municipal Corp.)) Ser. C, Non-recourse, Underlying Coupon Rate (%) 4.00		13.81		11/15/2046		1,765,000	b,c,d	2,440,430
TSASC, Revenue Bonds, Refunding, Ser. B		5.00		6/1/2045		1,165,000		1,185,294
							37,871,580
North Carolina - .8%
North Carolina Medical Care Commission, Revenue Bonds, Refunding (Pennybyrn at Maryfield Obligated Group)		5.00		10/1/2035		1,005,000		946,569
Tender Option Bond Trust Receipts (Series 2019-XF0792), (North Carolina Medical Care Commission, Revenue Bonds, Ser. A) Non-recourse, Underlying Coupon Rate (%) 4.00		14.23		11/1/2049		2,500,000	b,c,d	3,674,100
							4,620,669
Ohio - 6.7%
Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Refunding, Ser. A2		4.00		6/1/2048		1,250,000		1,353,137
Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Refunding, Ser. B2		5.00		6/1/2055		14,250,000		15,028,620
Canal Winchester Local School District, GO, Refunding (Insured; National Public Finance Guarantee Corp.)		0.00		12/1/2031		3,955,000	e	3,163,051
Canal Winchester Local School District, GO, Refunding (Insured; National Public Finance Guarantee Corp.)		0.00		12/1/2029		3,955,000	e	3,357,558
Cuyahoga County, Revenue Bonds, Refunding (The MetroHealth System)		5.00		2/15/2052		2,000,000		2,185,900
Franklin County Convention Facilities Authority, Revenue Bonds		5.00		12/1/2044		1,250,000		1,175,388
Muskingum County, Revenue Bonds (Genesis HealthCare System Project)		5.00		2/15/2022		4,590,000		4,840,063

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Ohio - 6.7% (continued)
Ohio Air Quality Development Authority, Revenue Bonds (Pratt Paper OH Project)		4.50		1/15/2048		2,250,000	b	2,331,765
Tender Option Bond Trust Receipts (Series 2016-XM0380), (Hamilton County, Revenue Bonds, Refunding (The Metropolitan Sewer District of Greater Cincinnati)) Non-recourse, Underlying Coupon Rate (%) 5.00		17.85		12/1/2038		4,250,000	b,c,d	6,454,475
							39,889,957
Oklahoma - .3%
Oklahoma Development Finance Authority, Revenue Bonds (OU Medicine Project) Ser. B		5.25		8/15/2048		1,500,000		1,724,100
Oregon - .3%
Clackmas County Hospital Facility Authority, Revenue Bonds, Refunding (Senior Living-Willamette View Project) Ser. A		5.00		11/15/2047		1,500,000		1,548,420
Pennsylvania - 2.1%
Allentown School District, GO, Refunding (Insured; Build America Mutual) Ser. B		5.00		2/1/2031		1,500,000		1,942,320
Crawford County Hospital Authority, Revenue Bonds, Refunding (Meadville Medical Center Project) Ser. A		6.00		6/1/2046		1,175,000		1,278,200
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (University of Sciences)		5.00		11/1/2036		3,675,000		3,757,320
Pennsylvania Housing Finance Agency, Revenue Bonds, Refunding, Ser. 114A		3.35		10/1/2026		1,500,000		1,540,365
Tender Option Bond Trust Receipts (Series 2016-XM0373), (Geisinger Authority, Revenue Bonds (Geisinger Health System)) Non-recourse, Underlying Coupon Rate (%) 5.00		18.18		6/1/2041		750,000	b,c,d	838,530
The Philadelphia School District, GO (Insured; State Aid Withholding) Ser. A		4.00		9/1/2036		2,740,000		3,165,440
							12,522,175

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Rhode Island - 1.5%
Providence Public Building Authority, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) Ser. A		5.00		9/15/2038		7,035,000		8,701,240
South Carolina - 1.3%
South Carolina Jobs-Economic Development Authority, Revenue Bonds (Bishop Gadsden Episcopal Retirement Community Obligated Group)		5.00		4/1/2054		1,000,000		1,055,000
Tender Option Bond Trust Receipts (Series 2016-XM0384), (South Carolina Public Service Authority, Revenue Bonds, Refunding (Santee Cooper)) Non-recourse, Underlying Coupon Rate (%) 5.13		13.45		12/1/2043		5,000,000	b,c,d	6,373,450
							7,428,450
Tennessee - .3%
Tender Option Bond Trust Receipts (Series 2016-XM0388), (Metropolitan Government of Nashville & Davidson County, Revenue Bonds, Refunding) Non-recourse, Underlying Coupon Rate (%) 5.00		17.61		7/1/2040		1,250,000	b,c,d	1,798,600
Texas - 7.2%
Central Texas Regional Mobility Authority, Revenue Bonds		5.00		1/1/2048		2,500,000		2,780,450
Central Texas Regional Mobility Authority, Revenue Bonds, Ser. A		5.00		1/1/2045		1,500,000		1,641,435
Clifton Higher Education Finance Corp., Revenue Bonds (Uplift Education) Ser. A		4.50		12/1/2044		2,500,000		2,552,625
Clifton Higher Education Finance Corp., Revenue Bonds, Refunding (Uplift Education) Ser. A		6.00		12/1/2020		2,500,000	f	2,557,300
Clifton Higher Education Finance Corp., Revenue Bonds, Ser. A		5.75		8/15/2045		4,500,000		4,900,185
Clifton Higher Education Finance Corp., Revenue Bonds, Ser. D		6.13		8/15/2048		6,000,000		6,628,500
Grand Parkway Transportation Corp., Revenue Bonds, Refunding		4.00		10/1/2049		1,000,000		1,155,260
Harris County-Houston Sports Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A		0.00		11/15/2050		6,500,000	e	1,755,650
Mission Economic Development Corp., Revenue Bonds, Refunding (Natgasoline Project)		4.63		10/1/2031		1,500,000	b	1,575,810

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Texas - 7.2% (continued)
Tender Option Bond Trust Receipts (Series 2016-XM0377), (San Antonio, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00		17.85		2/1/2043		4,185,000	b,c,d	5,715,831
Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (Blueridge Transportation Group)		5.00		12/31/2050		1,300,000		1,354,652
Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (Segment 3C Project)		5.00		6/30/2058		8,930,000		10,162,697
							42,780,395
U.S. Related - 1.1%
Guam Housing Corp., Revenue Bonds (Insured; Federal Home Loan Mortgage Corp.) Ser. A		5.75		9/1/2031		965,000		999,865
Guam Waterworks Authority, Revenue Bonds		5.63		7/1/2020		2,000,000	f	2,000,000
Puerto Rico, GO, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A		5.00		7/1/2035		3,500,000		3,542,945
							6,542,810
Utah - .7%
Utah Charter School Finance Authority, Revenue Bonds, Refunding (Summit Academy) Ser. A		5.00		4/15/2049		1,190,000		1,425,227
Utah Infrastructure Agency, Revenue Bonds, Refunding, Ser. A		5.00		10/15/2037		2,345,000		2,505,023
							3,930,250
Virginia - 1.9%
Chesterfield County Economic Development Authority, Revenue Bonds, Refunding (Brandermill Woods Project)		5.13		1/1/2043		2,100,000		2,102,247
Tender Option Bond Trust Receipts (Series 2018-XM0593), (Hampton Roads Transportation Accountability Commission, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.50		20.20		7/1/2057		1,875,000	b,c,d	3,770,662
Virginia Small Business Financing Authority, Revenue Bonds (Transform 66 P3 Project)		5.00		12/31/2056		3,380,000		3,725,199
Virginia Small Business Financing Authority, Revenue Bonds (Transform 66 P3 Project)		5.00		12/31/2052		1,620,000		1,791,817
							11,389,925

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.8% (continued)
Washington - 3.7%
King County School District No. 210, GO (Insured; School Bond Guaranty)		4.00		12/1/2034		2,000,000		2,352,920
Port of Seattle, Revenue Bonds, Ser. D		5.00		5/1/2027		4,300,000		5,227,897
Tender Option Bond Trust Receipts (Series 2017-XF2423), (King County, Revenue Bonds, Refunding) Recourse, Underlying Coupon Rate (%) 5.00		17.97		1/1/2029		1,000,000	b,c,d	1,094,590
Tender Option Bond Trust Receipts (Series 2018-XM0680), (Washington Convention Center Public Facilities District, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00		9.02		7/1/2058		8,500,000	b,c,d	10,137,950
Washington Housing Finance Commission, Revenue Bonds, Refunding (Presbyterian Retirement Communities Northwest Obligated Group) Ser. A		5.00		1/1/2051		3,200,000	b	3,107,392
							21,920,749
Wisconsin - 1.6%
Public Finance Authority, Revenue Bonds (ACTS Retirement-Life Communities Obligated Group) Ser. A		5.00		11/15/2041		1,000,000		1,154,810
Public Finance Authority, Revenue Bonds (Appalachian State University Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A		4.00		7/1/2059		2,050,000		2,203,545
Public Finance Authority, Revenue Bonds (Roseman University of Health Sciences)		5.00		4/1/2040		1,175,000	b	1,196,702
Public Finance Authority, Revenue Bonds (Southminster Obligated Group)		5.00		10/1/2048		2,000,000	b	1,981,900
Public Finance Authority, Revenue Bonds, Refunding (Mary's Woods at Marylhurst Project)		5.25		5/15/2047		750,000	b	776,610
Wisconsin Health & Educational Facilities Authority, Revenue Bonds, Refunding (St. Camillus Health System Obligated Group)		5.00		11/1/2054		2,000,000		1,890,360
							9,203,927
Total Long-Term Municipal Investments (cost $536,801,553)						585,040,996

Total Investments (cost $538,701,018)		99.1%	586,842,165
Cash and Receivables (Net)		14.2%	84,022,679
Preferred Stock, at redemption value		(13.3%)	(78,900,000)
Net Assets Applicable to Common Shareholders		100.0%	591,964,844

GO—General Obligation

^a Zero coupon until a specified date at which time the stated coupon rate becomes effective until maturity.

^b Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2020, these securities were valued at $185,065,326 or 31.26% of net assets.

^c The Variable Rate shall be determined by the Remarketing Agent in its sole discretion based on prevailing market conditions and may, but need not, be established by reference to one or more financial indices.

^d Collateral for floating rate borrowings. The coupon rate given represents the current interest rate for the inverse floating rate security.

^e Security issued with a zero coupon. Income is recognized through the accretion of discount.

^f These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.

STATEMENT OF FINANCIAL FUTURES
BNY Mellon Strategic Municipals, Inc.

June 30, 2020 (Unaudited)

The following is a summary of the inputs used as of June 30, 2020 in valuing the fund’s investments:

	Level 1 - Unadjusted Quoted Prices	Level 2 - Other Significant Observable Inputs	Level 3 - Significant Unobservable Inputs	Total
Assets ($)
Investments in Securities: †
Collateralized Municipal-Backed Securities	-	1,801,169	-	1,801,169
Municipal Securities	-	585,040,996	-	585,040,996

^† See Statement of Investments for additional detailed categorizations, if any.

NOTES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

Investments in securities are valued each business day by an independent pricing service (the “Service”) approved by the fund's Board Members (the “Board”) Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as

NOTES

calculated by the Service based upon its evaluation of the market for such securities). Debt investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.

The Service is engaged under the general oversight of the Board.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

Inverse Floater Securities: The fund participates in secondary inverse floater structures in which fixed-rate, tax-exempt municipal bonds are transferred to a trust (the “Inverse Floater Trust”). The Inverse Floater Trust typically issues two variable rate securities that are collateralized by the cash flows of the fixed-rate, tax-exempt municipal bonds. One of these variable rate securities pays interest based on a short-term floating rate set by a remarketing agent at predetermined intervals (“Trust Certificates”). A residual interest tax-exempt security is also created by the Inverse Floater Trust, which is transferred to the fund, and is paid interest based on the remaining cash flows of the Inverse Floater Trust, after payment of interest on the other securities and various expenses of the Inverse Floater Trust. An Inverse Floater Trust may be collapsed without the consent of the fund due to certain termination events such as bankruptcy, default or other credit event.

The fund accounts for the transfer of bonds to the Inverse Floater Trust as secured borrowings, with the securities transferred remaining in the fund’s investments, and the Trust Certificates reflected as fund liabilities in the Statement of Assets and Liabilities.

The fund may invest in inverse floater securities on either a non-recourse or recourse basis. These securities are typically supported by a liquidity facility provided by a bank or other financial institution (the “Liquidity Provider”) that allows the holders of the Trust Certificates to tender their certificates in exchange for payment from the Liquidity

NOTES

Provider of par plus accrued interest on any business day prior to a termination event. When the fund invests in inverse floater securities on a non-recourse basis, the Liquidity Provider is required to make a payment under the liquidity facility due to a termination event to the holders of the Trust Certificates. When this occurs, the Liquidity Provider typically liquidates all or a portion of the municipal securities held in the Inverse Floater Trust. A liquidation shortfall occurs if the Trust Certificates exceed the proceeds of the sale of the bonds in the Inverse Floater Trust (“Liquidation Shortfall”). When a fund invests in inverse floater securities on a recourse basis, the fund typically enters into a reimbursement agreement with the Liquidity Provider where the fund is required to repay the Liquidity Provider the amount of any Liquidation Shortfall. As a result, a fund investing in a recourse inverse floater security bears the risk of loss with respect to any Liquidation Shortfall.

At June 30, 2020, accumulated net unrealized appreciation on investments was $48,141,147, consisting of $52,398,313 gross unrealized appreciation and $4,257,166 gross unrealized depreciation.

At June 30, 2020, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.