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The BNY Mellon Municipal Bond Infrastructure Fund, Inc. is a closed-end investment vehicle specializing in fixed income, operating under the guidance of BNY Mellon Investment Adviser, Inc. The fund primarily allocates capital to tax-exempt, investment-grade debt instruments issued within the United States. These securities originate from states, U.S. territories, the District of Columbia, their various political subdivisions, agencies, instrumentalities, or multistate authorities, alongside other specific eligible assets. A significant portion of its portfolio targets the infrastructure sector, encompassing transportation, energy, utilities, social infrastructure, and water and environmental projects, among other public sectors. To be included, bonds must possess an investment-grade rating of at least BBB- from S&P and Fitch, or Baa3 from Moody's, and the fund maintains an effective duration ceiling of 14 years. Utilizing a comprehensive investment strategy, the fund combines fundamental and quantitative analysis with a bottom-up security selection methodology. Its objective is to capitalize on pricing disparities within the municipal bond market by assessing the relative value and appeal of diverse sectors and individual securities. Portfolio construction involves active adjustments across sectors, driven by factors such as prevailing economic and monetary conditions, interest rate trends, general money market dynamics, municipal bond market status, the size and maturity of specific offerings, and credit ratings. Founded on April 25, 2013, and domiciled in the United States, the fund was previously known as Dreyfus Municipal Bond Infrastructure Fund, Inc.
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