NPORT-EX 2 c10287bnymello-december20201.htm

Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Strategic Municipals, Inc.

December 31, 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 $1,883,052)		3.63		5/20/2033		1,715,624		1,838,222
Long-Term Municipal Investments - 98.2%
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		6,201,960
Jefferson County, Revenue Bonds, Refunding, Ser. F		7.90		10/1/2050		2,500,000	a	2,526,600
The Lower Alabama Gas District, Revenue Bonds, Ser. A		5.00		9/1/2046		6,000,000		8,982,720
University of Alabama at Birmingham, Revenue Bonds, Ser. B		4.00		10/1/2036		2,000,000		2,412,480
							20,123,760
Arizona - 6.5%
Arizona Industrial Development Authority, Revenue Bonds (Academics of Math & Science Project)		5.00		7/1/2054		1,275,000	b	1,414,409
Arizona Industrial Development Authority, Revenue Bonds (Cadence Campus Project) Ser. A		4.00		7/15/2030		625,000	b	676,425
Arizona Industrial Development Authority, Revenue Bonds (Cadence Campus Project) Ser. A		4.00		7/15/2040		925,000	b	966,588
Arizona Industrial Development Authority, Revenue Bonds (Legacy Cares Project) Ser. A		7.75		7/1/2050		5,770,000	b	5,921,694
Arizona Industrial Development Authority, Revenue Bonds (Phoenix Children's Hospital Obligated Group)		4.00		2/1/2050		1,500,000		1,756,320
Arizona Industrial Development Authority, Revenue Bonds, Refunding (Basis Schools Projects) Ser. D		5.00		7/1/2047		1,035,000	b	1,154,936

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
Arizona - 6.5% (continued)
Arizona Industrial Development Authority, Revenue Bonds, Refunding (Basis Schools Projects) Ser. D		5.00		7/1/2051		380,000	b	423,088
Glendale Industrial Development Authority, Revenue Bonds, Refunding (Sun Health Services Obligated Group) Ser. A		5.00		11/15/2054		1,000,000		1,130,050
La Paz County Industrial Development Authority, Revenue Bonds (Harmony Public Schools) Ser. A		5.00		2/15/2036		2,480,000	b	2,796,398
Maricopa County Industrial Development Authority, Revenue Bonds (Benjamin Franklin Charter School Obligated Group)		6.00		7/1/2052		3,000,000	b	3,518,370
Maricopa County Industrial Development Authority, Revenue Bonds, Refunding (Paradise Schools Projects Paragon Management)		5.00		7/1/2047		2,000,000	b	2,178,820
Salt Verde Financial Corp., Revenue Bonds		5.00		12/1/2037		1,000,000		1,428,430
Tempe Industrial Development Authority, Revenue Bonds (Mirabella at ASU Project) Ser. B		5.35		10/1/2025		3,000,000	b	3,036,240
Tender Option Bond Trust Receipts (Series 2018-XF2537), (Salt Verde Financial Corporation, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00		17.42		12/1/2037		1,010,000	b,c,d	2,650,290
The Phoenix Industrial Development Authority, Revenue Bonds, Refunding (BASIS Schools Projects) Ser. A		5.00		7/1/2035		2,360,000	b	2,594,301
The Phoenix Industrial Development Authority, Revenue Bonds, Refunding (BASIS Schools Projects) Ser. A		5.00		7/1/2046		2,000,000	b	2,165,940
The Pima County Industrial Development Authority, Revenue Bonds (American Leadership Academy Project)		5.00		6/15/2047		6,000,000	b	6,110,280
							39,922,579
California - 2.5%
California Municipal Finance Authority, Revenue Bonds, Refunding (William Jessup University)		5.00		8/1/2039		1,000,000		1,044,150

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
California - 2.5% (continued)
California Statewide Communities Development Authority, Revenue Bonds (Loma Linda University Medical Center Obligated Group)		5.50		12/1/2058		1,000,000	b	1,167,440
Jefferson Union High School District, COP (Teacher & Staff Housing Project) (Insured; Build America Mutual)		4.00		8/1/2055		1,000,000		1,150,820
San Buenaventura, Revenue Bonds (Community Memorial Health System)		7.50		12/1/2041		2,000,000		2,109,820
San Francisco City & County Redevelopment Agency, Special Tax Bonds, Refunding, Ser. A		5.00		8/1/2023		1,000,000		1,069,390
Tender Option Bond Trust Receipts (Series 2016-XM0379), (Los Angeles Department of Water & Power, Revenue Bonds, Refunding) Non-recourse, Underlying Coupon Rate (%) 5.00		18.03		8/19/2021		1,250,000	b,c,d	1,581,113
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	3,466,750
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		17.58		5/1/2050		1,940,000	b,c,d	3,669,607
							15,259,090
Colorado - 3.9%
Colorado Health Facilities Authority, Revenue Bonds, Refunding (Covenant Living Communities & Services Obligated Group) Ser. A		4.00		12/1/2050		4,500,000		5,023,080
Denver City & County, Revenue Bonds, Refunding (United Airlines Project)		5.00		10/1/2032		1,000,000		1,049,480
Dominion Water & Sanitation District, Revenue Bonds		6.00		12/1/2046		4,560,000		4,760,275
Hess Ranch Metropolitan District No. 6, GO, Ser. A1		5.00		12/1/2049		2,000,000		2,134,200
Regional Transportation District, Revenue Bonds, Refunding (Denver Transit Partners) Ser. A		4.00		7/15/2035		1,250,000		1,512,725

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
Colorado - 3.9% (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		17.97		3/1/2038		1,875,000	b,c,d	2,280,469
Tender Option Bond Trust Receipts (Series 2016-XM0433), (Colorado Springs, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00		17.94		11/15/2043		2,440,000	b,c,d	3,525,166
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		16.98		8/1/2044		1,110,000	b,c,d	2,689,119
Vauxmont Metropolitan District, GO, Refunding (Insured; Assured Guaranty Municipal Corp.)		3.25		12/15/2050		800,000		860,904
							23,835,418
Connecticut - 1.6%
Connecticut, Special Tax Bonds, Ser. A		5.00		5/1/2040		1,000,000		1,302,630
Connecticut Health & Educational Facilities Authority, Revenue Bonds, Refunding (Trinity Health Obligated Group)		5.00		12/1/2045		2,500,000		2,959,600
Connecticut Housing Finance Authority, Revenue Bonds, Refunding, Ser. A1		3.65		11/15/2032		1,555,000		1,711,278
Harbor Point Infrastructure Improvement District, Tax Allocation Bonds, Refunding (Harbor Point Project)		5.00		4/1/2039		3,500,000	b	3,849,405
							9,822,913
District of Columbia - 1.4%
Metropolitan Washington Airports Authority, Revenue Bonds, Refunding (Dulles Metrorail & Capital Improvement Projects) Ser. A		5.00		10/1/2039		1,000,000		1,239,220
Metropolitan Washington Airports Authority, Revenue Bonds, Refunding, Ser. B		4.00		10/1/2049		1,000,000		1,126,220

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
District of Columbia - 1.4% (continued)
Tender Option Bond Trust Receipts (Series 2016-XM0437), (District of Columbia, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00		17.95		12/1/2035		5,000,000	b,c,d	6,589,250
							8,954,690
Florida - 5.6%
Alachua County Health Facilities Authority, Revenue Bonds (Shands Teaching Hospital & Clinics Obligated Group)		4.00		12/1/2049		1,625,000		1,858,415
Atlantic Beach, Revenue Bonds (Fleet Landing Project) Ser. A		5.00		11/15/2053		3,000,000		3,259,890
Florida Development Finance Corp., Revenue Bonds (Miami Arts Charter School Project) Ser. A		6.00		6/15/2044		5,000,000	b	4,566,850
Greater Orlando Aviation Authority, Revenue Bonds, Ser. A		4.00		10/1/2044		2,000,000		2,298,540
Miami-Dade County, Revenue Bonds		0.00		10/1/2045		3,000,000	e	1,382,730
Mid-Bay Bridge Authority, Revenue Bonds, Ser. A		7.25		10/1/2021		4,500,000	f	4,734,450
Palm Beach County Health Facilities Authority, Revenue Bonds (ACTS Retirement-Life Communities Obligated Group)		5.00		11/15/2045		2,850,000		3,278,982
Palm Beach County Health Facilities Authority, Revenue Bonds (ACTS Retirement-Life Communities Obligated Group) Ser. B		5.00		11/15/2042		735,000		878,318
Palm Beach County Health Facilities Authority, Revenue Bonds (Lifespace Communities Obligated Group) Ser. B		4.00		5/15/2053		2,600,000		2,648,516
Pinellas County Industrial Development Authority, Revenue Bonds (Foundation for Global Understanding)		5.00		7/1/2029		1,000,000		1,139,960
Seminole County Industrial Development Authority, Revenue Bonds, Refunding (Legacy Pointe at UCF Project)		5.75		11/15/2054		2,500,000		2,420,225
Tender Option Bond Trust Receipts (Series 2019-XF0813), (Fort Myers Florida Utility, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 4.00		14.17		10/1/2049		855,000	b,c,d	1,433,536

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
Florida - 5.6% (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		14.04		8/15/2049		1,385,000	b,c,d	2,187,150
Tender Option Bond Trust Receipts (Series 2020-XF2877), (Greater Orlando Aviation Authority, Revenue Bonds, Ser. A) Recourse, Underlying Coupon Rate (%) 4.00		13.97		10/1/2049		1,165,000	b,c,d	1,796,337
Village Community Development District No. 10, Special Assessment Bonds		6.00		5/1/2044		900,000		989,244
							34,873,143
Georgia - 2.0%
Atlanta Water & Wastewater, Revenue Bonds, Ser. D		3.50		11/1/2028		1,460,000	b	1,590,831
Tender Option Bond Trust Receipts (Series 2016-XM0435), (Private Colleges & Universities Authority, Revenue Bonds, Refunding (Emory University)) Recourse, Underlying Coupon Rate (%) 5.00		17.95		10/1/2043		2,500,000	b,c,d	3,474,100
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		17.77		1/1/2056		900,000	b,c,d	1,617,777
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		15.44		7/1/2044		1,585,000	b,c,d	3,233,400
The Burke County Development Authority, Revenue Bonds, Refunding (Oglethorpe Power Corp.) Ser. D		4.13		11/1/2045		2,400,000		2,728,248
							12,644,356
Hawaii - .5%
Hawaii Department of Budget & Finance, Revenue Bonds, Refunding (Hawaiian Electric Co.)		4.00		3/1/2037		1,500,000		1,626,405
Honolulu City & County, GO, Ser. C		4.00		7/1/2044		1,500,000		1,810,050
							3,436,455

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
Idaho - .8%
Power County Industrial Development Corp., Revenue Bonds (FMC Corp. Project)		6.45		8/1/2032		5,000,000		5,023,250
Illinois - 11.5%
Chicago Board of Education, GO, Refunding, Ser. A		5.00		12/1/2034		1,400,000		1,614,424
Chicago Board of Education, GO, Ser. D		5.00		12/1/2046		2,000,000		2,257,100
Chicago Board of Education, GO, Ser. H		5.00		12/1/2036		2,000,000		2,259,500
Chicago II, GO, Refunding, Ser. A		6.00		1/1/2038		3,000,000		3,515,100
Chicago II, GO, Ser. A		5.00		1/1/2044		4,000,000		4,391,320
Chicago II, GO, Ser. A		5.50		1/1/2049		1,000,000		1,176,420
Chicago O'Hare International Airport, Revenue Bonds		5.63		1/1/2035		1,015,000		1,015,000
Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. A		5.00		1/1/2048		3,585,000		4,285,401
Chicago Transit Authority, Revenue Bonds, Refunding, Ser. A		5.00		12/1/2045		1,000,000		1,216,170
Illinois, GO, Refunding, Ser. A		5.00		10/1/2028		3,225,000		3,824,044
Illinois, GO, Refunding, Ser. A		5.00		10/1/2029		1,100,000		1,295,503
Illinois, GO, Ser. A		5.00		5/1/2038		3,900,000		4,431,336
Illinois, GO, Ser. B		5.00		11/1/2030		1,500,000		1,789,995
Illinois, GO, Ser. C		5.00		11/1/2029		1,120,000		1,258,690
Illinois, GO, Ser. D		5.00		11/1/2028		2,825,000		3,195,301
Illinois Finance Authority, Revenue Bonds, Refunding (Lutheran Life Communities Obligated Group) Ser. A		5.00		11/1/2040		1,750,000		1,895,075
Metropolitan Pier & Exposition Authority, Revenue Bonds (McCormick Place Expansion Project)		5.00		6/15/2057		2,000,000		2,248,880
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	1,616,050
Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding (McCormick Place Expansion Project)		0.00		12/15/2054		21,800,000	e	5,637,698
Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding (McCormick Place Expansion Project)		5.00		6/15/2050		1,500,000		1,737,360

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
Illinois - 11.5% (continued)
Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding (McCormick Place Project) Ser. B		5.00		12/15/2028		3,000,000		3,127,380
Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding (McCormick Place Project) Ser. B		5.00		6/15/2052		1,650,000		1,697,553
Railsplitter Tobacco Settlement Authority, Revenue Bonds		6.00		6/1/2021		5,050,000	f	5,169,937
Sales Tax Securitization Corp., Revenue Bonds, Refunding, Ser. A		4.00		1/1/2038		2,000,000		2,260,200
Tender Option Bond Trust Receipts (Series 2016-XM0378), (Greater Chicago Metropolitan Water Reclamation District, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00		17.79		12/1/2032		1,875,000	b,c,d	2,173,294
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		17.97		10/1/2040		3,000,000	b,c,d	4,962,660
University of Illinois, Revenue Bonds (Auxiliary Facilities System) Ser. A		5.00		4/1/2044		1,000,000		1,097,610
							71,149,001
Indiana - 1.9%
Indiana Finance Authority, Revenue Bonds (Green Bond) (RES Polyflow Indiana)		7.00		3/1/2039		6,175,000	b	6,093,181
Indiana Finance Authority, Revenue Bonds (Ohio Valley Electric Project) Ser. A		5.00		6/1/2039		1,585,000		1,645,151
Indiana Finance Authority, Revenue Bonds (Ohio Valley Electric Project) Ser. B		3.00		11/1/2030		1,000,000		1,069,930
Indiana Finance Authority, Revenue Bonds (Parkview Health System Obligated Group) Ser. A		5.00		11/1/2043		1,000,000		1,244,620
Indiana Finance Authority, Revenue Bonds, Refunding		5.00		3/1/2022		1,400,000	f	1,476,846
							11,529,728
Iowa - 1.3%
Iowa Finance Authority, Revenue Bonds, Refunding (Iowa Fertilizer Co. Project)		5.25		12/1/2025		7,375,000		8,048,411

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
Kansas - .4%
Kansas Development Finance Authority, Revenue Bonds (Village Shalom Project) Ser. A		5.25		11/15/2053		1,000,000		986,060
Kansas Development Finance Authority, Revenue Bonds (Village Shalom Project) Ser. B		4.00		11/15/2025		1,250,000		1,251,600
							2,237,660
Kentucky - .5%
Kentucky Public Energy Authority, Revenue Bonds, Ser. A1		4.00		6/1/2025		2,500,000		2,849,325
Louisiana - 1.5%
Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue Bonds, Refunding (Westlake Chemical Project)		3.50		11/1/2032		3,100,000		3,438,954
Louisiana Public Facilities Authority, Revenue Bonds, Refunding (Tulane University)		4.00		4/1/2050		1,000,000		1,143,410
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		17.57		7/1/2047		2,690,000	b,c,d	4,579,564
							9,161,928
Maine - .5%
Maine Health & Higher Educational Facilities Authority, Revenue Bonds (Maine General Medical Center Obligated Group)		7.50		7/1/2032		3,000,000		3,069,870
Maryland - 1.4%
Maryland Economic Development Corp., Tax Allocation Bonds (Port Covington Project)		4.00		9/1/2050		1,000,000		1,030,690
Maryland Health & Higher Educational Facilities Authority, Revenue Bonds (Adventist Healthcare Obligated Group) Ser. A		5.50		1/1/2046		3,250,000		3,857,912
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		17.97		7/1/2042		2,250,000	b,c,d	3,507,277
							8,395,879

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
Massachusetts - 3.1%
Lowell Collegiate Charter School, Revenue Bonds		5.00		6/15/2049		1,750,000		1,898,925
Massachusetts Development Finance Agency, Revenue Bonds, Refunding (NewBridge Charles Obligated Group)		5.00		10/1/2057		1,000,000	b	1,071,220
Massachusetts Development Finance Agency, Revenue Bonds, Refunding, Ser. A		5.00		7/1/2025		1,400,000		1,639,246
Tender Option Bond Trust Receipts (Series 2016-XM0368), (Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Harvard University)) Non-recourse, Underlying Coupon Rate (%) 5.25		18.99		2/1/2021		2,500,000	b,c,d	2,536,300
Tender Option Bond Trust Receipts (Series 2016-XM0372), (Massachusetts, GO) Non-recourse, Underlying Coupon Rate (%) 5.00		17.97		4/1/2027		2,150,000	b,c,d	2,247,696
Tender Option Bond Trust Receipts (Series 2016-XM0389), (Massachusetts School Building Authority, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00		17.97		5/15/2043		2,500,000	b,c,d	3,590,825
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		18.27		6/1/2047		3,190,000	b,c,d	6,115,485
							19,099,697
Michigan - 4.1%
Detroit Water Supply System, Revenue Bonds, Ser. A		5.00		7/1/2021		1,500,000	f	1,535,835
Great Lakes Water Authority Sewage Disposal System, Revenue Bonds, Refunding, Ser. C		5.00		7/1/2036		3,000,000		3,613,770
Michigan Finance Authority, Revenue Bonds (Beaumont Health Credit Obligated Group)		5.00		11/1/2044		5,165,000		5,955,193
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		2,289,560

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
Michigan - 4.1% (continued)
Michigan Finance Authority, Revenue Bonds, Refunding (Insured; National Public Finance Guarantee Corp.) Ser. D6		5.00		7/1/2036		2,000,000		2,264,420
Michigan Finance Authority, Revenue Bonds, Refunding, Ser. A2		5.00		6/1/2040		4,435,000		5,248,556
Michigan Finance Authority, Revenue Bonds, Refunding, Ser. D2		5.00		7/1/2034		2,000,000		2,335,080
Tender Option Bond Trust Receipts (Series 2019-XF2837), (Michigan State Finance Authority, Revenue Bonds (Henry Ford Health System)) Recourse, Underlying Coupon Rate (%) 4.00		13.89		11/15/2050		1,465,000	b,c,d	2,362,562
							25,604,976
Minnesota - .6%
Duluth Economic Development Authority, Revenue Bonds, Refunding (Essentia Health Obligated Group) Ser. A		5.00		2/15/2058		3,000,000		3,542,610
Mississippi - .9%
Mississippi Development Bank, Revenue Bonds, Refunding (Magnolia Regional Health Center Project) Ser. A		6.50		10/1/2031		5,500,000		5,597,845
Missouri - 2.5%
Kansas City Industrial Development Authority, Revenue Bonds, Ser. A		5.00		3/1/2044		1,000,000		1,213,380
St. Louis County Industrial Development Authority, Revenue Bonds (Friendship Village St. Louis Obligated Group) Ser. A		5.13		9/1/2049		2,975,000		3,303,261
St. Louis County Industrial Development Authority, Revenue Bonds (Friendship Village St. Louis Obligated Group) Ser. A		5.13		9/1/2048		2,025,000		2,249,370
St. Louis Land Clearance for Redevelopment Authority, Revenue Bonds		5.13		6/1/2046		4,760,000		5,396,936
The St. Louis Missouri Industrial Development Authority, Tax Allocation Bonds (St. Louis Innovation District Project)		4.38		5/15/2036		3,500,000		3,523,695
							15,686,642

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
Multi-State - .4%
Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificates, Revenue Bonds, Ser. M048		3.15		1/15/2036		2,430,000	b	2,750,007
Nevada - .8%
Clark County School District, GO (Insured; Assured Guaranty Municipal Corp.) Ser. A		4.00		6/15/2036		1,500,000		1,818,450
Reno, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.)		4.00		6/1/2058		2,750,000		2,949,292
							4,767,742
New Hampshire - .2%
New Hampshire Business Finance Authority, Revenue Bonds, Refunding (Green Bond) Ser. B		3.75		7/2/2040		1,000,000	b	1,013,290
New Jersey - 3.2%
New Jersey, GO (Covid 19 Emergency State Aid) Ser. A		4.00		6/1/2031		1,000,000		1,237,700
New Jersey Economic Development Authority, Revenue Bonds, Refunding, Ser. XX		5.25		6/15/2027		4,000,000		4,676,960
New Jersey Housing & Mortgage Finance Agency, Revenue Bonds, Refunding, Ser. D		4.00		4/1/2025		1,560,000		1,745,156
New Jersey Transportation Trust Fund Authority, Revenue Bonds		5.00		6/15/2046		1,775,000		2,095,636
New Jersey Transportation Trust Fund Authority, Revenue Bonds		5.25		6/15/2043		2,000,000		2,412,460
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. AA		5.25		6/15/2033		1,500,000		1,722,690
Tender Option Bond Trust Receipts (Series 2018-XF2538), (New Jersey Economic Development Authority, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.25		18.44		6/15/2040		815,000	b,c,d	1,263,886
Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A		5.25		6/1/2046		750,000		914,265
Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. B		5.00		6/1/2046		3,410,000		3,982,982
							20,051,735
New York - 5.6%
Monroe County Industrial Development Corp., Revenue Bonds, Refunding (University of Rochester Project) Ser. A		4.00		7/1/2050		1,500,000		1,774,470

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
New York - 5.6% (continued)
New York City, GO, Ser. D1		4.00		3/1/2050		2,750,000		3,193,382
New York City Educational Construction Fund, Revenue Bonds, Ser. A		6.50		4/1/2027		4,490,000		4,556,183
New York Convention Center Development Corp., Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) Ser. B		0.00		11/15/2049		6,885,000	e	2,705,323
New York Liberty Development Corp., Revenue Bonds, Refunding (Class 1-3 World Trade Center Project)		5.00		11/15/2044		7,000,000	b	7,546,350
New York State Dormitory Authority, Revenue Bonds, Refunding (Montefiore Obligated Group) Ser. A		4.00		9/1/2045		1,000,000		1,096,060
New York Transportation Development Corp., Revenue Bonds (LaGuardia Airport Terminal B Redevelopment Project) Ser. A		5.25		1/1/2050		3,500,000		3,853,465
New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) Ser. A		4.00		12/1/2039		1,475,000		1,715,351
Niagara Area Development Corp., Revenue Bonds, Refunding (Covanta Holding Project) Ser. A		4.75		11/1/2042		2,000,000	b	2,068,260
Port Authority of New York & New Jersey, Revenue Bonds (JFK International Air Terminal Project)		6.00		12/1/2036		2,000,000		2,002,920
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		13.93		11/15/2046		1,765,000	b,c,d	2,683,171
TSASC, Revenue Bonds, Refunding, Ser. B		5.00		6/1/2045		1,165,000		1,254,018
							34,448,953
North Carolina - .8%
North Carolina Medical Care Commission, Revenue Bonds, Refunding (Pennybyrn at Maryfield Obligated Group)		5.00		10/1/2035		1,005,000		1,068,225

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
North Carolina - .8% (continued)
Tender Option Bond Trust Receipts (Series 2019-XF0792), (North Carolina Medical Care Commission, Revenue Bonds, Ser. A) Non-recourse, Underlying Coupon Rate (%) 4.00		14.35		11/1/2049		2,500,000	b,c,d	4,073,375
							5,141,600
Ohio - 6.7%
Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Refunding, Ser. A2		4.00		6/1/2048		1,250,000		1,424,250
Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Refunding, Ser. B2		5.00		6/1/2055		14,250,000		16,133,137
Canal Winchester Local School District, GO, Refunding (Insured; National Public Finance Guarantee Corp.)		0.00		12/1/2031		3,955,000	e	3,276,322
Canal Winchester Local School District, GO, Refunding (Insured; National Public Finance Guarantee Corp.)		0.00		12/1/2029		3,955,000	e	3,445,398
Cuyahoga County, Revenue Bonds, Refunding (The MetroHealth System)		5.00		2/15/2052		2,000,000		2,274,880
Franklin County Convention Facilities Authority, Revenue Bonds		5.00		12/1/2044		1,250,000		1,312,563
Muskingum County, Revenue Bonds (Genesis HealthCare System Project)		5.00		2/15/2022		4,590,000		4,769,928
Ohio Air Quality Development Authority, Revenue Bonds (Pratt Paper OH Project)		4.50		1/15/2048		2,250,000	b	2,506,140
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		17.97		12/1/2038		4,250,000	b,c,d	6,195,777
							41,338,395
Oklahoma - .3%
Oklahoma Development Finance Authority, Revenue Bonds (OU Medicine Project) Ser. B		5.25		8/15/2048		1,500,000		1,782,030

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
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		1,614,555
Pennsylvania - 2.7%
Allentown School District, GO, Refunding (Insured; Build America Mutual) Ser. B		5.00		2/1/2031		1,500,000		1,936,200
Crawford County Hospital Authority, Revenue Bonds, Refunding (Meadville Medical Center Project) Ser. A		6.00		6/1/2046		1,175,000		1,292,911
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (University of Sciences)		5.00		11/1/2036		3,675,000		4,061,647
Pennsylvania Housing Finance Agency, Revenue Bonds, Refunding, Ser. 114A		3.35		10/1/2026		1,500,000		1,525,515
Philadelphia Water & Wastewater, Revenue Bonds, Refunding		5.00		10/1/2033		1,250,000		1,683,588
Philadelphia Water & Wastewater, Revenue Bonds, Ser. A		5.00		11/1/2050		1,500,000		1,947,345
Tender Option Bond Trust Receipts (Series 2016-XM0373), (Geisinger Authority, Revenue Bonds (Geisinger Health System)) Non-recourse, Underlying Coupon Rate (%) 5.13		18.30		6/1/2041		750,000	b,c,d	796,478
The Philadelphia School District, GO (Insured; State Aid Withholding) Ser. A		4.00		9/1/2036		2,740,000		3,237,502
							16,481,186
Rhode Island - 1.4%
Providence Public Building Authority, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) Ser. A		5.00		9/15/2038		7,035,000		8,794,805
South Carolina - 1.2%
South Carolina Jobs-Economic Development Authority, Revenue Bonds (Bishop Gadsden Episcopal Retirement Community Obligated Group)		5.00		4/1/2054		1,000,000		1,105,880

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
South Carolina - 1.2% (continued)
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		13.61		12/1/2043		5,000,000	b,c,d	6,654,750
							7,760,630
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		17.73		7/1/2040		1,250,000	b,c,d	1,725,087
Texas - 7.0%
Central Texas Regional Mobility Authority, Revenue Bonds		5.00		1/1/2048		2,500,000		3,010,775
Central Texas Regional Mobility Authority, Revenue Bonds, Ser. A		5.00		1/1/2045		1,500,000		1,712,370
Clifton Higher Education Finance Corp., Revenue Bonds (Uplift Education) Ser. A		4.50		12/1/2044		2,500,000		2,624,325
Clifton Higher Education Finance Corp., Revenue Bonds, Ser. A		5.75		8/15/2045		4,500,000		5,143,635
Clifton Higher Education Finance Corp., Revenue Bonds, Ser. D		6.13		8/15/2048		6,000,000		6,947,220
Grand Parkway Transportation Corp., Revenue Bonds, Refunding		4.00		10/1/2049		1,000,000		1,178,950
Harris County-Houston Sports Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A		0.00		11/15/2050		6,500,000	e	1,813,955
Mission Economic Development Corp., Revenue Bonds, Refunding (Natgasoline Project)		4.63		10/1/2031		1,500,000	b	1,595,040
Tarrant County Cultural Education Facilities Finance Corp., Revenue Bonds, Refunding (MRC Stevenson Oaks Project)		6.75		11/15/2051		1,000,000		1,107,040
Tender Option Bond Trust Receipts (Series 2016-XM0377), (San Antonio, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00		17.97		2/1/2043		4,185,000	b,c,d	5,790,910
Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (Blueridge Transportation Group)		5.00		12/31/2050		1,300,000		1,436,474

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
Texas - 7.0% (continued)
Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (Segment 3C Project)		5.00		6/30/2058		8,930,000		10,717,875
							43,078,569
U.S. Related - .8%
Guam Housing Corp., Revenue Bonds (Insured; Federal Home Loan Mortgage Corp.) Ser. A		5.75		9/1/2031		965,000		1,037,626
Puerto Rico, GO, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A		5.00		7/1/2035		3,500,000		3,665,165
							4,702,791
Utah - .7%
Utah Charter School Finance Authority, Revenue Bonds, Refunding (Summit Academy) Ser. A		5.00		4/15/2049		1,190,000		1,437,675
Utah Infrastructure Agency, Revenue Bonds, Refunding, Ser. A		5.00		10/15/2037		2,345,000		2,688,519
							4,126,194
Virginia - 1.9%
Chesterfield County Economic Development Authority, Revenue Bonds, Refunding (Brandermill Woods Project)		5.13		1/1/2043		2,100,000		2,115,372
Tender Option Bond Trust Receipts (Series 2018-XM0593), (Hampton Roads Transportation Accountability Commission, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.50		20.32		7/1/2057		1,875,000	b,c,d	3,781,950
Virginia Small Business Financing Authority, Revenue Bonds (Transform 66 P3 Project)		5.00		12/31/2056		3,380,000		3,926,952
Virginia Small Business Financing Authority, Revenue Bonds (Transform 66 P3 Project)		5.00		12/31/2052		1,620,000		1,887,462
							11,711,736
Washington - 3.8%
King County School District No. 210, GO (Insured; School Bond Guaranty)		4.00		12/1/2034		2,000,000		2,391,380
Port of Seattle, Revenue Bonds, Ser. D		5.00		5/1/2027		4,300,000		5,307,705

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Description	Coupon Rate (%)			Maturity Date		Principal Amount ($)		Value ($)
Long-Term Municipal Investments - 98.2% (continued)
Washington - 3.8% (continued)
Tender Option Bond Trust Receipts (Series 2017-XF2423), (King County, Revenue Bonds, Refunding) Recourse, Underlying Coupon Rate (%) 5.00		18.09		1/1/2029		1,000,000	b,c,d	1,000,000
Tender Option Bond Trust Receipts (Series 2018-XM0680), (Washington Convention Center Public Facilities District, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00		9.04		7/1/2058		8,500,000	b,c,d	11,296,755
Washington Housing Finance Commission, Revenue Bonds, Refunding (Presbyterian Retirement Communities Northwest Obligated Group) Ser. A		5.00		1/1/2051		3,200,000	b	3,383,712
							23,379,552
Wisconsin - 1.9%
Public Finance Authority, Revenue Bonds (ACTS Retirement-Life Communities Obligated Group) Ser. A		5.00		11/15/2041		1,000,000		1,197,670
Public Finance Authority, Revenue Bonds (Appalachian State University Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A		4.00		7/1/2059		2,050,000		2,226,033
Public Finance Authority, Revenue Bonds (Roseman University of Health Sciences)		5.00		4/1/2040		1,175,000	b	1,336,915
Public Finance Authority, Revenue Bonds (Southminster Obligated Group)		5.00		10/1/2048		2,000,000	b	2,141,480
Public Finance Authority, Revenue Bonds, Refunding (Blue Ridge Healthcare Obligated Group)		4.00		1/1/2045		1,835,000		2,091,808
Public Finance Authority, Revenue Bonds, Refunding (Mary's Woods at Marylhurst Project)		5.25		5/15/2047		750,000	b	801,008
Wisconsin Health & Educational Facilities Authority, Revenue Bonds, Refunding (St. Camillus Health System Obligated Group)		5.00		11/1/2054		2,000,000		2,089,820
							11,884,734
Total Long-Term Municipal Investments (cost $534,660,927)						606,422,817
Total Investments (cost $536,543,979)						98.5%	608,261,039
Cash and Receivables (Net)						14.3%	88,059,269

Preferred Stock, at redemption value		(12.8%)	(78,900,000)
Net Assets Applicable to Common Shareholders		100.0%	617,420,308

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 December 31, 2020, these securities were valued at $193,970,484 or 31.42% 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.

December 31, 2020 (Unaudited)

The following is a summary of the inputs used as of December 31, 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	-	1,838,222	-	1,838,222
Municipal Securities	-	606,422,817	-	606,422,817

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

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

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

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 December 31, 2020, accumulated net unrealized appreciation on investments was $71,717,060, consisting of $72,308,994 gross unrealized appreciation and $591,934 gross unrealized depreciation.

At December 31, 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.