Dreyfus Strategic Municipals (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Under normal market conditions, the Fund invests at least 80% of its net assets in municipal obligations. Generally, the Fund invests at least 50% of its net assets in municipal bonds considered investment-grade or the unrated equivalent as determined by Dreyfus Corporation in the case of bonds. As of Sept 30 2017, the Fund had total assets of $828,447,358 and an investment portfolio of $814,876,795.