BNY MELLON U.S. MUNICIPAL INFRASTRUCTURE DEBT FUND USD C (ACC. |
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BNY Mellon U.S. Municipal Infrastructure De... |
3,89 |
8,37 |
-6,27 |
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To provide as high a level of income as is consistent with the preservation of capital.
The Fund will: invest predominantly in a portfolio of municipal bonds issued to finance infrastructure sectors and projects in the United States of America, invest in tender option bonds, invest in debt and debt-related securities which may be investment grade quality or sub investment grade quality (lower than BBB- at the date of purchase as rated by Standard & Poor's or equivalent rating agencies), invest in derivatives (financial instruments whose value is derived from other assets) to help achieve the Fund's investment objective. The Fund will also use derivatives with the aim of risk or cost reduction or to generate additional capital or income, exclude direct investment in issuers with material involvement in activities the Investment Manager deems harmful from an environmental and/or social perspective e.g., tobacco production. All issuers in which investments are made follow good governance practices. |
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