NPORT-EX 2 c10997bnymellonmuni-may20211.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Municipal Bond Infrastructure Fund, Inc.

May 31, 2021 (Unaudited)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 147.7%

     

Alabama - 2.4%

     

Alabama Special Care Facilities Financing Authority, Revenue Bonds (Methodist Home for the Aging Obligated Group)

 

5.75

 

6/1/2045

 

2,500,000

 

2,623,643

 

Alabama Special Care Facilities Financing Authority, Revenue Bonds (Methodist Home for the Aging Obligated Group)

 

6.00

 

6/1/2050

 

1,350,000

 

1,426,742

 

Jefferson County, Revenue Bonds, Refunding, Ser. F

 

7.90

 

10/1/2050

 

2,500,000

a 

2,568,958

 
 

6,619,343

 

Arizona - 6.9%

     

Arizona Industrial Development Authority, Revenue Bonds (Legacy Cares Project) Ser. A

 

7.75

 

7/1/2050

 

3,200,000

b 

3,578,239

 

Maricopa County Industrial Development Authority, Revenue Bonds (Benjamin Franklin Charter School Obligated Group)

 

6.00

 

7/1/2052

 

2,000,000

b 

2,387,168

 

Maricopa County Industrial Development Authority, Revenue Bonds, Refunding (Legacy Traditional Schools Project)

 

5.00

 

7/1/2049

 

1,025,000

b 

1,183,034

 

Salt Verde Financial Corp., Revenue Bonds

 

5.00

 

12/1/2037

 

5,000,000

 

7,048,409

 

The Phoenix Industrial Development Authority, Revenue Bonds, Refunding (BASIS Schools Projects) Ser. A

 

5.00

 

7/1/2046

 

2,000,000

b 

2,186,278

 

The Pima County Industrial Development Authority, Revenue Bonds (American Leadership Academy Project)

 

5.00

 

6/15/2047

 

2,390,000

b 

2,433,960

 
 

18,817,088

 

California - 12.7%

     

California Housing Finance, Revenue Bonds, Ser. 2021-1

 

3.50

 

11/20/2035

 

1,496,468

 

1,754,600

 

California Statewide Communities Development Authority, Revenue Bonds (California Baptist University) Ser. A

 

6.38

 

11/1/2043

 

2,035,000

 

2,258,518

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 147.7% (continued)

     

California - 12.7% (continued)

     

California Statewide Communities Development Authority, Revenue Bonds, Refunding (California Baptist University) Ser. A

 

5.00

 

11/1/2041

 

1,875,000

b 

2,193,530

 

Golden State Tobacco Securitization Corp., Revenue Bonds, Refunding, Ser. A1

 

5.00

 

6/1/2047

 

2,500,000

 

2,589,070

 

Jefferson Union High School District, COP (Teacher & Staff Housing Project) (Insured; Build America Mutual)

 

4.00

 

8/1/2055

 

1,000,000

 

1,156,019

 

Long Beach Bond Finance Authority, Revenue Bonds, Ser. A

 

5.50

 

11/15/2037

 

5,000,000

 

7,508,427

 

Riverside County Transportation Commission, Revenue Bonds, Ser. A

 

5.75

 

6/1/2044

 

3,250,000

 

3,538,349

 

San Buenaventura, Revenue Bonds (Community Memorial Health System)

 

7.50

 

12/1/2021

 

2,500,000

c 

2,589,623

 

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

 

17.37

 

5/1/2050

 

4,410,000

b,d,e 

5,384,225

 

University of California Regents Medical Center, Revenue Bonds, Refunding, Ser. J

 

5.00

 

5/15/2043

 

5,000,000

 

5,405,733

 
 

34,378,094

 

Colorado - 7.7%

     

Colorado Health Facilities Authority, Revenue Bonds (Sisters of Charity of Leavenworth Health System Obligated Group) Ser. A

 

5.00

 

1/1/2044

 

2,500,000

 

2,752,947

 

Colorado Health Facilities Authority, Revenue Bonds, Refunding (Covenant Living Communities & Services Obligated Group) Ser. A

 

4.00

 

12/1/2050

 

3,000,000

 

3,425,039

 

Denver City & County Airport System, Revenue Bonds, Ser. A

 

5.25

 

11/15/2043

 

5,000,000

 

5,504,094

 

Dominion Water & Sanitation District, Revenue Bonds

 

6.00

 

12/1/2046

 

1,850,000

 

1,925,340

 

Hess Ranch Metropolitan District No. 6, GO, Ser. A1

 

5.00

 

12/1/2049

 

1,500,000

 

1,641,495

 

Regional Transportation District, Revenue Bonds, Refunding (Denver Transit Partners) Ser. A

 

4.00

 

7/15/2036

 

600,000

 

719,178

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 147.7% (continued)

     

Colorado - 7.7% (continued)

     

Sterling Ranch Community Authority Board, Revenue Bonds (Insured; Municipal Government Guaranteed) Ser. A

 

5.00

 

12/1/2038

 

1,500,000

 

1,598,177

 

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

 

16.81

 

8/1/2044

 

2,455,000

b,d,e 

3,323,994

 
 

20,890,264

 

District of Columbia - .7%

     

District of Columbia, Revenue Bonds, Refunding

 

6.00

 

7/1/2023

 

1,700,000

c 

1,904,232

 

Florida - 5.7%

     

Alachua County Health Facilities Authority, Revenue Bonds (Shands Teaching Hospital & Clinics Obligated Group)

 

4.00

 

12/1/2049

 

1,750,000

 

2,018,355

 

Davie, Revenue Bonds (Nova Southeastern University Project) Ser. A

 

5.63

 

4/1/2023

 

4,055,000

c 

4,459,896

 

Florida Higher Educational Facilities Financial Authority, Revenue Bonds (Ringling College Project)

 

5.00

 

3/1/2049

 

2,000,000

 

2,366,470

 

Pinellas County Industrial Development Authority, Revenue Bonds (Foundation for Global Understanding)

 

5.00

 

7/1/2039

 

1,000,000

 

1,199,679

 

Seminole County Industrial Development Authority, Revenue Bonds, Refunding (Legacy Pointe at UCF Project)

 

5.75

 

11/15/2054

 

500,000

 

523,941

 

Tender Option Bond Trust Receipts (Series 2019-XF0813), (Fort Myers Florida Utility, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 4.00

 

12.11

 

10/1/2049

 

1,790,000

b,d,e 

2,062,144

 

Tender Option Bond Trust Receipts (Series 2020-XF2877), (Greater Orlando Aviation Authority, Revenue Bonds, Ser. A) Recourse, Underlying Coupon Rate (%) 4.00

 

13.76

 

10/1/2049

 

2,480,000

b,d,e 

2,824,532

 
 

15,455,017

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 147.7% (continued)

     

Georgia - 3.5%

     

Fulton County Development Authority, Revenue Bonds (WellStar Health System Group Obligated Group) Ser. A

 

5.00

 

4/1/2042

 

1,250,000

 

1,492,125

 

Gainesville & Hall County Development Authority, Revenue Bonds, Refunding (Riverside Military Academy)

 

5.00

 

3/1/2037

 

1,000,000

 

1,012,874

 

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

 

17.60

 

1/1/2056

 

2,060,000

b,d,e 

2,468,403

 

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

 

15.28

 

7/1/2044

 

3,600,000

b,d,e 

4,523,568

 
 

9,496,970

 

Illinois - 14.1%

     

Chicago Board of Education, GO, Refunding, Ser. A

 

5.00

 

12/1/2035

 

1,500,000

 

1,842,170

 

Chicago II, GO, Refunding, Ser. A

 

6.00

 

1/1/2038

 

2,500,000

 

3,043,207

 

Chicago II, GO, Ser. A

 

5.00

 

1/1/2044

 

2,000,000

 

2,380,402

 

Chicago O'Hare International Airport, Revenue Bonds (Customer Facility Charge)

 

5.75

 

1/1/2043

 

3,750,000

 

4,049,747

 

Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. A

 

5.00

 

1/1/2048

 

2,500,000

 

3,037,702

 

Chicago Transit Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

12/1/2045

 

1,000,000

 

1,237,940

 

Illinois, GO, Ser. D

 

5.00

 

11/1/2028

 

2,600,000

 

3,166,666

 

Illinois, GO, Ser. D

 

5.00

 

11/1/2027

 

3,500,000

 

4,311,357

 

Illinois Toll Highway Authority, Revenue Bonds, Ser. A

 

4.00

 

1/1/2044

 

1,000,000

 

1,162,594

 

Metropolitan Pier & Exposition Authority, Revenue Bonds (McCormick Place Project) (Insured; National Public Finance Guarantee Corp.) Ser. A

 

0.00

 

12/15/2036

 

1,400,000

f 

952,525

 

Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding (McCormick Place Expansion Project)

 

5.00

 

6/15/2050

 

1,750,000

 

2,145,811

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 147.7% (continued)

     

Illinois - 14.1% (continued)

     

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

 

15.41

 

10/1/2040

 

7,000,000

b,d,e 

8,188,235

 

University of Illinois, Revenue Bonds (Auxiliary Facilities System) Ser. A

 

5.00

 

4/1/2044

 

2,500,000

 

2,787,755

 
 

38,306,111

 

Indiana - 5.9%

     

Indiana Finance Authority, Revenue Bonds (BHI Senior Living Obligated Group) Ser. A

 

6.00

 

11/15/2041

 

3,500,000

 

3,807,952

 

Indiana Finance Authority, Revenue Bonds (Green Bond) (RES Polyflow Indiana)

 

7.00

 

3/1/2039

 

2,125,000

b 

2,019,963

 

Indiana Finance Authority, Revenue Bonds (Ohio River Bridges East End Crossing Project) Ser. A

 

5.00

 

7/1/2040

 

5,000,000

 

5,443,917

 

Indiana Finance Authority, Revenue Bonds (Ohio Valley Electric Project) Ser. A

 

5.00

 

6/1/2032

 

2,750,000

 

2,835,757

 

Indiana Finance Authority, Revenue Bonds (Parkview Health System Obligated Group) Ser. A

 

5.00

 

11/1/2043

 

1,500,000

 

1,846,765

 
 

15,954,354

 

Iowa - 3.3%

     

Iowa Finance Authority, Revenue Bonds, Refunding (Iowa Fertilizer Co. Project)

 

5.25

 

12/1/2025

 

7,000,000

 

7,666,348

 

Iowa Tobacco Settlement Authority, Revenue Bonds, Refunding, Ser. B1

 

4.00

 

6/1/2049

 

1,000,000

 

1,165,626

 
 

8,831,974

 

Kansas - .3%

     

Kansas Development Finance Authority, Revenue Bonds (Village Shalom Project) Ser. A

 

5.25

 

11/15/2053

 

350,000

 

362,645

 

Kansas Development Finance Authority, Revenue Bonds (Village Shalom Project) Ser. B

 

4.00

 

11/15/2025

 

425,000

 

435,095

 
 

797,740

 

Kentucky - .4%

     

Christian County, Revenue Bonds, Refunding (Jennie Stuart Medical Center Obligated Group)

 

5.50

 

2/1/2044

 

1,000,000

 

1,107,603

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 147.7% (continued)

     

Louisiana - .8%

     

Louisiana Public Facilities Authority, Revenue Bonds (Impala Warehousing Project)

 

6.50

 

7/1/2036

 

1,000,000

b 

1,074,878

 

Louisiana Public Facilities Authority, Revenue Bonds, Refunding (Tulane University)

 

4.00

 

4/1/2050

 

1,000,000

 

1,146,177

 
 

2,221,055

 

Massachusetts - 2.2%

     

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (NewBridge Charles Obligated Group)

 

5.00

 

10/1/2057

 

1,000,000

b 

1,092,946

 

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Suffolk University Project)

 

5.00

 

7/1/2034

 

1,550,000

 

1,956,654

 

Massachusetts Development Finance Agency, Revenue Bonds, Refunding, Ser. A

 

5.00

 

7/1/2029

 

900,000

 

1,140,482

 

Massachusetts Port Authority, Revenue Bonds, Refunding (Bosfuel Project) Ser. A

 

4.00

 

7/1/2044

 

1,500,000

 

1,720,213

 
 

5,910,295

 

Michigan - 6.1%

     

Detroit, GO, Ser. A

 

5.00

 

4/1/2046

 

750,000

 

915,952

 

Michigan Building Authority, Revenue Bonds, Refunding

 

4.00

 

4/15/2054

 

2,500,000

 

2,905,528

 

Michigan Finance Authority, Revenue Bonds, Refunding (Insured; National Public Finance Guarantee Corp.) Ser. D6

 

5.00

 

7/1/2036

 

2,250,000

 

2,543,425

 

Michigan Finance Authority, Revenue Bonds, Refunding (Trinity Health Obligated Group)

 

5.00

 

12/1/2021

 

10,000

c 

10,238

 

Michigan Housing Development Authority, Revenue Bonds, Ser. A

 

3.35

 

12/1/2034

 

2,500,000

 

2,706,716

 

Michigan Tobacco Settlement Finance Authority, Revenue Bonds, Refunding, Ser. C

 

0.00

 

6/1/2058

 

41,200,000

f 

2,149,635

 

Tender Option Bond Trust Receipts (Series 2019-XF2837), (Michigan State Finance Authority, Revenue Bonds (Henry Ford Health System)) Recourse, Underlying Coupon Rate (%) 4.00

 

13.78

 

11/15/2050

 

3,320,000

b,d,e 

3,818,352

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 147.7% (continued)

     

Michigan - 6.1% (continued)

     

Wayne County Airport Authority, Revenue Bonds (Detroit Metropolitan Wayne County Airport) (Insured; Build America Mutual) Ser. B

 

5.00

 

12/1/2039

 

1,250,000

 

1,437,909

 
 

16,487,755

 

Minnesota - .9%

     

Duluth Economic Development Authority, Revenue Bonds, Refunding (Essentia Health Obligated Group) Ser. A

 

5.00

 

2/15/2058

 

2,000,000

 

2,383,430

 

Missouri - 2.5%

     

Kansas City Industrial Development Authority, Revenue Bonds (Kansas City International Airport) Ser. A

 

5.00

 

3/1/2044

 

1,000,000

 

1,229,490

 

St. Louis County Industrial Development Authority, Revenue Bonds (Friendship Village St. Louis Obligated Group) Ser. A

 

5.13

 

9/1/2049

 

1,000,000

 

1,126,020

 

St. Louis County Industrial Development Authority, Revenue Bonds, Refunding (Friendship Village St. Louis Obligated Group)

 

5.00

 

9/1/2042

 

1,000,000

 

1,031,723

 

The Missouri Health & Educational Facilities Authority, Revenue Bonds (Mercy Health)

 

4.00

 

6/1/2050

 

1,000,000

 

1,162,667

 

The Missouri Health & Educational Facilities Authority, Revenue Bonds, Refunding (St. Louis College of Pharmacy Project)

 

5.50

 

5/1/2043

 

2,000,000

 

2,126,217

 
 

6,676,117

 

Multi-State - .6%

     

Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificates, Revenue Bonds, Ser. M048

 

3.15

 

1/15/2036

 

1,435,000

b 

1,591,455

 

Nevada - .4%

     

Reno, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.)

 

4.00

 

6/1/2058

 

1,000,000

 

1,102,263

 

New Hampshire - 1.2%

     

New Hampshire Business Finance Authority, Revenue Bonds, Refunding (Springpoint Senior Living Obligated Group)

 

4.00

 

1/1/2051

 

3,000,000

 

3,314,052

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 147.7% (continued)

     

New Jersey - 5.8%

     

New Jersey Economic Development Authority, Revenue Bonds (Continental Airlines Project)

 

5.13

 

9/15/2023

 

1,935,000

 

2,049,743

 

New Jersey Economic Development Authority, Revenue Bonds (The Goethals Bridge Replacement Project)

 

5.38

 

1/1/2043

 

2,500,000

 

2,801,785

 

New Jersey Economic Development Authority, Revenue Bonds, Refunding, Ser. XX

 

5.25

 

6/15/2027

 

2,500,000

 

2,941,012

 

New Jersey Economic Development Authority, Revenue Bonds, Ser. WW

 

5.25

 

6/15/2040

 

1,890,000

 

2,171,621

 

New Jersey Economic Development Authority, Revenue Bonds, Ser. WW

 

5.25

 

6/15/2025

 

110,000

c 

131,436

 

New Jersey Housing & Mortgage Finance Agency, Revenue Bonds, Refunding, Ser. D

 

4.00

 

4/1/2024

 

1,320,000

 

1,429,703

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds

 

5.00

 

6/15/2046

 

1,000,000

 

1,220,289

 

New Jersey Turnpike Authority, Revenue Bonds, Ser. A

 

4.00

 

1/1/2051

 

1,800,000

 

2,124,278

 

Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A

 

5.25

 

6/1/2046

 

750,000

 

913,893

 
 

15,783,760

 

New York - 12.3%

     

New York City, GO, Ser. D1

 

4.00

 

3/1/2050

 

1,750,000

 

2,040,191

 

New York Liberty Development Corp., Revenue Bonds, Refunding (Class 1-3 World Trade Center Project)

 

5.00

 

11/15/2044

 

3,500,000

b 

3,873,280

 

New York State Dormitory Authority, Revenue Bonds (St. John's University) Ser. A

 

5.00

 

7/1/2044

 

2,000,000

 

2,147,475

 

Niagara Area Development Corp., Revenue Bonds, Refunding (Covanta Holding Project) Ser. A

 

4.75

 

11/1/2042

 

2,000,000

b 

2,093,962

 

Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 223

 

4.00

 

7/15/2051

 

1,750,000

 

2,059,133

 

Tender Option Bond Trust Receipts (Series 2017-XF2419), (Metropolitan Transportation Authority, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00

 

17.24

 

11/15/2038

 

15,000,000

b,d,e 

16,089,817

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 147.7% (continued)

     

New York - 12.3% (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

 

11.90

 

11/15/2046

 

3,670,000

b,d,e 

4,244,736

 

TSASC, Revenue Bonds, Refunding, Ser. B

 

5.00

 

6/1/2045

 

585,000

 

644,731

 
 

33,193,325

 

North Carolina - .4%

     

North Carolina Turnpike Authority, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.)

 

4.00

 

1/1/2055

 

1,000,000

 

1,141,560

 

Ohio - 7.2%

     

Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Refunding, Ser. B2

 

5.00

 

6/1/2055

 

8,000,000

 

9,273,905

 

Cuyahoga County, Revenue Bonds, Refunding (The MetroHealth System)

 

5.25

 

2/15/2047

 

2,500,000

 

2,938,014

 

Muskingum County, Revenue Bonds (Genesis HealthCare System Project)

 

5.00

 

2/15/2044

 

7,000,000

 

7,274,207

 
 

19,486,126

 

Oklahoma - .6%

     

Tulsa County Industrial Authority, Revenue Bonds, Refunding (Montereau Project)

 

5.25

 

11/15/2045

 

1,500,000

 

1,694,640

 

Pennsylvania - 11.2%

     

Allentown Neighborhood Improvement Zone Development Authority, Revenue Bonds (City Center Project)

 

5.00

 

5/1/2042

 

1,000,000

b 

1,161,076

 

Allentown School District, GO, Refunding (Insured; Build America Mutual) Ser. B

 

5.00

 

2/1/2032

 

1,455,000

 

1,882,809

 

Clairton Municipal Authority, Revenue Bonds, Refunding, Ser. B

 

5.00

 

12/1/2042

 

1,500,000

 

1,575,028

 

Clairton Municipal Authority, Revenue Bonds, Refunding, Ser. B

 

5.00

 

12/1/2037

 

4,000,000

 

4,211,486

 

Montgomery County Industrial Development Authority, Revenue Bonds (ACTS Retirement-Life Communities Obligated Group) Ser. C

 

5.00

 

11/15/2045

 

1,000,000

 

1,205,102

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 147.7% (continued)

     

Pennsylvania - 11.2% (continued)

     

Pennsylvania Economic Development Financing Authority, Revenue Bonds, Refunding (UPMC Obligated Group) Ser. A

 

5.00

 

10/15/2036

 

1,250,000

 

1,667,599

 

Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (Thomas Jefferson University Obligated Group) Ser. A

 

5.00

 

9/1/2045

 

3,000,000

 

3,417,099

 

Pennsylvania Turnpike Commission, Revenue Bonds, Ser. A

 

4.00

 

12/1/2050

 

1,000,000

 

1,174,093

 

Tender Option Bond Trust Receipts (Series 2017-XF1060), (Pennsylvania State Turnpike Commission, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00

 

11.77

 

12/1/2042

 

13,000,000

b,d,e 

13,943,892

 
 

30,238,184

 

Rhode Island - 1.8%

     

Providence Public Building Authority, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

5.00

 

9/15/2037

 

4,000,000

 

4,973,499

 

South Carolina - 2.7%

     

South Carolina Jobs-Economic Development Authority, Revenue Bonds, Refunding (Lutheran Homes of South Carolina Obligated Group)

 

5.13

 

5/1/2048

 

1,750,000

 

1,777,796

 

South Carolina Public Service Authority, Revenue Bonds, Refunding (Santee Cooper Project) Ser. B

 

5.13

 

12/1/2043

 

5,000,000

 

5,556,792

 
 

7,334,588

 

Texas - 14.8%

     

Clifton Higher Education Finance Corp., Revenue Bonds (IDEA Public Schools)

 

6.00

 

8/15/2043

 

1,500,000

 

1,635,236

 

Clifton Higher Education Finance Corp., Revenue Bonds (International Leadership) Ser. A

 

5.75

 

8/15/2045

 

2,500,000

 

2,870,576

 

Clifton Higher Education Finance Corp., Revenue Bonds (International Leadership) Ser. D

 

6.13

 

8/15/2048

 

3,500,000

 

4,066,793

 

Grand Parkway Transportation Corp., Revenue Bonds, Refunding

 

4.00

 

10/1/2049

 

2,000,000

 

2,342,789

 

Mission Economic Development Corp., Revenue Bonds, Refunding (Natgasoline Project)

 

4.63

 

10/1/2031

 

1,500,000

b 

1,590,359

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 147.7% (continued)

     

Texas - 14.8% (continued)

     

Tender Option Bond Trust Receipts (Series 2016-XM0374), (Tarrant County Cultural Education Facilities Finance Corporation, Revenue Bonds (Baylor Health Care System Project)) Non-recourse, Underlying Coupon Rate (%) 5.00

 

15.39

 

11/15/2038

 

7,410,000

b,d,e 

8,090,132

 

Tender Option Bond Trust Receipts (Series 2017-XF1061), (Dallas Fort Worth International Airport, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00

 

15.12

 

11/1/2045

 

15,000,000

b,d,e 

15,300,242

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (Segment 3C Project)

 

5.00

 

6/30/2058

 

3,500,000

 

4,294,781

 
 

40,190,908

 

U.S. Related - 2.0%

     

Puerto Rico, GO, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

5.00

 

7/1/2035

 

1,750,000

 

1,811,112

 

Puerto Rico, GO, Refunding, Ser. A

 

8.00

 

7/1/2035

 

4,435,000

g 

3,581,263

 
 

5,392,375

 

Utah - .6%

     

Utah Charter School Finance Authority, Revenue Bonds, Refunding (Summit Academy) Ser. A

 

5.00

 

4/15/2039

 

1,400,000

 

1,690,367

 

Virginia - 5.2%

     

Norfolk Redevelopment & Housing Authority, Revenue Bonds (Fort Norfolk Retirement Community Obligated Group) Ser. A

 

5.00

 

1/1/2049

 

1,000,000

 

1,061,483

 

Virginia Small Business Financing Authority, Revenue Bonds (95 Express Lanes Project)

 

5.00

 

1/1/2040

 

7,640,000

 

7,841,294

 

Virginia Small Business Financing Authority, Revenue Bonds (Elizabeth River Crossing Opco Project)

 

5.50

 

1/1/2042

 

5,000,000

 

5,256,200

 
 

14,158,977

 

Washington - 2.4%

     

Port of Seattle, Revenue Bonds

 

4.00

 

4/1/2044

 

1,000,000

 

1,134,672

 

Washington Health Care Facilities Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

10/1/2042

 

5,000,000

 

5,289,189

 
 

6,423,861

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 147.7% (continued)

     

Wisconsin - 2.4%

     

Public Finance Authority, Revenue Bonds, Refunding, Ser. B

 

5.00

 

7/1/2042

 

5,000,000

 

5,190,433

 

Wisconsin Health & Educational Facilities Authority, Revenue Bonds (Children's Hospital of Wisconsin Obligated Group)

 

4.00

 

8/15/2050

 

1,000,000

 

1,174,060

 
 

6,364,493

 

Total Investments (cost $362,720,024)

 

147.7%

400,311,875

 

Liabilities, Less Cash and Receivables

 

(20.0%)

(54,312,050)

 

RVMTPS, at liquidation value

 

(27.7%)

(75,000,000)

 

Net Assets Applicable to Common Shareholders

 

100.0%

270,999,825

 

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 May 31, 2021, these securities were valued at $118,722,400 or 43.81% of net assets.

c 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.

d 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.

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

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

g Non-income producing—security in default.


STATEMENT OF INVESTMENTS
BNY Mellon Municipal Bond Infrastructure Fund, Inc.

May 31, 2021 (Unaudited)

The following is a summary of the inputs used as of May 31, 2021 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:

    

Municipal Securities

-

400,311,875

-

400,311,875

 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 May 31, 2021, accumulated net unrealized appreciation on investments was $37,591,851, consisting of $37,749,693 gross unrealized appreciation and $157,842 gross unrealized depreciation.

At May 31, 2021, 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.