NPORT-EX 2 c10997bnymello-november20221.htm Untitled Document

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

November 30, 2022 (Unaudited)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9%

     

Alabama - 3.2%

     

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

 

5.75

 

6/1/2045

 

2,500,000

 

2,218,067

 

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

 

6.00

 

6/1/2050

 

1,350,000

 

1,211,821

 

Black Belt Energy Gas District, Revenue Bonds, Refunding, Ser. D1

 

4.00

 

6/1/2027

 

1,000,000

a 

1,004,272

 

Jefferson County, Revenue Bonds, Refunding, Ser. F

 

7.90

 

10/1/2050

 

2,500,000

b 

2,547,838

 
 

6,981,998

 

Arizona - 7.9%

     

Arizona Industrial Development Authority, Revenue Bonds (Equitable School Revolving Fund LLC Obligated Group)

 

4.25

 

11/1/2052

 

3,425,000

 

3,139,845

 

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

 

7.75

 

7/1/2050

 

3,200,000

c 

2,240,000

 

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

 

6.00

 

7/1/2052

 

2,000,000

c 

2,047,388

 

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

 

5.00

 

7/1/2049

 

1,025,000

c 

933,848

 

Phoenix Civic Improvement Corp., Revenue Bonds

 

4.00

 

7/1/2044

 

1,905,000

 

1,819,959

 

Salt Verde Financial Corp., Revenue Bonds

 

5.00

 

12/1/2037

 

5,000,000

 

5,175,047

 

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

 

5.00

 

7/1/2046

 

2,000,000

c 

1,853,742

 
 

17,209,829

 

California - 13.2%

     

California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A

 

4.00

 

6/1/2049

 

1,000,000

 

861,988

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9% (continued)

     

California - 13.2% (continued)

     

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

 

3.50

 

11/20/2035

 

1,463,500

 

1,320,736

 

California Municipal Finance Authority, Revenue Bonds, Refunding (HumanGood California Obligated Group) Ser. A

 

5.00

 

10/1/2044

 

1,000,000

 

1,029,051

 

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

 

6.38

 

11/1/2043

 

2,035,000

c 

2,066,863

 

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

 

5.00

 

11/1/2041

 

1,875,000

c 

1,883,020

 

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

 

5.50

 

11/15/2037

 

5,000,000

 

5,561,376

 

Orange County Community Facilities District, Special Tax Bonds, Ser. A

 

5.00

 

8/15/2052

 

1,000,000

 

1,013,323

 

Riverside County Transportation Commission, Revenue Bonds, Ser. A

 

5.75

 

6/1/2023

 

1,650,000

d 

1,677,454

 

San Diego County Regional Airport Authority, Revenue Bonds, Ser. B

 

5.00

 

7/1/2051

 

3,500,000

 

3,573,431

 

Tender Option Bond Trust Receipts (Series 2022-XF3024), (San Franscisco City & County, Revenue Bonds, Refunding, Ser. A) Recourse, Underlying Coupon Rate (%) 5.00

 

12.73

 

5/1/2044

 

4,500,000

c,e,f 

4,616,423

 

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

 

5.00

 

5/15/2043

 

5,000,000

 

5,026,776

 
 

28,630,441

 

Colorado - 9.8%

     

Colorado Health Facilities Authority, Revenue Bonds (CommonSpirit Health Obligated Group)

 

5.25

 

11/1/2052

 

1,000,000

 

1,029,914

 

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

 

4.00

 

12/1/2050

 

3,000,000

 

2,455,118

 

Colorado Health Facilities Authority, Revenue Bonds, Refunding (Intermountain Healthcare Obligated Group) Ser. A

 

4.00

 

5/15/2052

 

1,255,000

 

1,150,163

 

Colorado Health Facilities Authority, Revenue Bonds, Ser. A

 

5.00

 

1/1/2024

 

2,500,000

d 

2,562,375

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9% (continued)

     

Colorado - 9.8% (continued)

     

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

 

5.50

 

11/15/2053

 

1,000,000

 

1,066,634

 

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

 

5.25

 

11/15/2043

 

5,000,000

 

5,037,586

 

Dominion Water & Sanitation District, Revenue Bonds, Refunding

 

5.88

 

12/1/2052

 

2,000,000

 

1,941,064

 

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

 

5.00

 

12/1/2049

 

1,500,000

 

1,296,917

 

Rampart Range Metropolitan District No. 5, Revenue Bonds

 

4.00

 

12/1/2051

 

1,000,000

 

675,180

 

Sterling Ranch Community Authority Board, Revenue Bonds, Ser. A

 

5.00

 

12/1/2038

 

1,500,000

 

1,530,000

 

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

 

11.63

 

8/1/2044

 

2,455,000

c,e,f 

2,576,042

 
 

21,320,993

 

Connecticut - 1.7%

     

Connecticut Health & Educational Facilities Authority, Revenue Bonds (The Hartford University) Ser. P

 

5.38

 

7/1/2052

 

1,250,000

 

1,244,343

 

Connecticut Health & Educational Facilities Authority, Revenue Bonds, Refunding (Fairfield University) Ser. T

 

4.00

 

7/1/2055

 

1,500,000

 

1,341,816

 

University of Connecticut, Revenue Bonds, Ser. A

 

5.00

 

5/1/2041

 

1,000,000

 

1,096,468

 
 

3,682,627

 

District of Columbia - .8%

     

District of Columbia, Revenue Bonds, Refunding (KIPP Charter School)

 

6.00

 

7/1/2023

 

1,700,000

d 

1,732,718

 

Florida - 5.2%

     

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

 

4.00

 

12/1/2049

 

1,750,000

 

1,551,007

 

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

 

5.63

 

4/1/2023

 

2,555,000

d 

2,581,653

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9% (continued)

     

Florida - 5.2% (continued)

     

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

 

5.00

 

3/1/2049

 

2,000,000

 

2,001,931

 

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

 

5.00

 

7/1/2039

 

1,000,000

 

972,061

 

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

 

5.75

 

11/15/2054

 

500,000

 

420,602

 

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

 

8.71

 

10/1/2049

 

2,480,000

c,e,f 

2,254,845

 

Tender Option Bond Trust Receipts (Series 2022-XF1385), (Fort Myers FL Utility, Revenue Bonds, Refunding, Ser. A) Non-recourse, Underlying Coupon Rate (%) 4.00

 

7.14

 

10/1/2044

 

1,640,000

c,e,f 

1,594,450

 
 

11,376,549

 

Georgia - 4.4%

     

Fulton County Development Authority, Revenue Bonds, Ser. A

 

5.00

 

4/1/2042

 

1,250,000

 

1,269,880

 

Georgia Municipal Electric Authority, Revenue Bonds (Plant Vogtle Units 3&4 Project) Ser. A

 

5.00

 

7/1/2052

 

2,500,000

 

2,506,410

 

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

 

12.41

 

1/1/2056

 

2,060,000

c,e,f 

2,066,329

 

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

 

10.08

 

7/1/2044

 

3,600,000

c,e,f 

3,804,407

 
 

9,647,026

 

Illinois - 16.2%

     

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

 

5.00

 

12/1/2035

 

1,500,000

 

1,493,249

 

Chicago II, GO, Refunding, Ser. A

 

6.00

 

1/1/2038

 

2,500,000

 

2,599,521

 

Chicago II, GO, Ser. A

 

5.00

 

1/1/2044

 

2,000,000

 

1,964,077

 

Chicago O'Hare International Airport, Revenue Bonds

 

5.75

 

1/1/2043

 

3,750,000

 

3,753,828

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9% (continued)

     

Illinois - 16.2% (continued)

     

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

 

5.00

 

1/1/2048

 

2,500,000

 

2,535,738

 

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

 

5.00

 

12/1/2057

 

2,000,000

 

2,047,221

 

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

 

5.00

 

12/1/2045

 

1,000,000

 

1,027,938

 

Illinois, GO, Ser. D

 

5.00

 

11/1/2028

 

2,600,000

 

2,712,294

 

Illinois, GO, Ser. D

 

5.00

 

11/1/2027

 

3,500,000

 

3,656,020

 

Illinois Finance Authority, Revenue Bonds (Plymouth Place Inc. Obligated Group)

 

6.63

 

5/15/2052

 

1,000,000

 

1,026,693

 

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

g 

728,179

 

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

 

5.00

 

6/15/2050

 

1,750,000

 

1,753,476

 

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

 

12.52

 

10/1/2040

 

7,000,000

c,e,f 

7,315,837

 

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

 

5.00

 

4/1/2044

 

2,500,000

 

2,522,541

 
 

35,136,612

 

Indiana - 5.4%

     

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

 

6.00

 

11/15/2023

 

3,500,000

d 

3,598,480

 

Indiana Finance Authority, Revenue Bonds (Green Bond)

 

7.00

 

3/1/2039

 

2,025,000

c 

1,527,102

 

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

 

5.00

 

7/1/2023

 

5,000,000

d 

5,060,964

 

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

 

5.00

 

11/1/2043

 

1,500,000

 

1,537,498

 
 

11,724,044

 

Iowa - .5%

     

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

 

5.00

 

12/1/2050

 

1,250,000

 

1,185,137

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9% (continued)

     

Kansas - .1%

     

Kansas Development Finance Authority, Revenue Bonds, Ser. B

 

4.00

 

11/15/2025

 

150,000

 

139,648

 

Kentucky - .7%

     

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

 

5.50

 

2/1/2044

 

1,000,000

 

1,018,491

 

Henderson, Revenue Bonds (Pratt Paper Project) Ser. A

 

4.70

 

1/1/2052

 

600,000

c 

531,508

 
 

1,549,999

 

Louisiana - .9%

     

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

 

6.50

 

7/1/2036

 

1,000,000

c 

1,007,854

 

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

 

4.00

 

4/1/2030

 

115,000

d 

123,180

 

Louisiana Public Facilities Authority, Revenue Bonds, Refunding, Ser. A

 

4.00

 

4/1/2050

 

885,000

 

808,511

 
 

1,939,545

 

Maryland - .6%

     

Maryland Economic Development Corp., Revenue Bonds (Green Bond) (Purple Line Transit Partners LLC) Ser. B

 

5.25

 

6/30/2052

 

1,200,000

 

1,246,116

 

Massachusetts - 2.8%

     

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

 

5.00

 

10/1/2057

 

1,000,000

c 

1,013,628

 

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

 

5.00

 

7/1/2034

 

1,550,000

 

1,627,975

 

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

 

5.00

 

7/1/2029

 

900,000

 

957,309

 

Massachusetts Educational Financing Authority, Revenue Bonds, Ser. B

 

5.00

 

7/1/2030

 

1,000,000

 

1,090,933

 

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

 

4.00

 

7/1/2044

 

1,500,000

 

1,379,570

 
 

6,069,415

 

Michigan - 5.1%

     

Detroit, GO, Ser. A

 

5.00

 

4/1/2050

 

1,000,000

 

970,254

 

Michigan Building Authority, Revenue Bonds, Refunding

 

4.00

 

10/15/2049

 

2,500,000

 

2,412,154

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9% (continued)

     

Michigan - 5.1% (continued)

     

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

 

5.00

 

7/1/2036

 

2,250,000

 

2,300,651

 

Michigan Housing Development Authority, Revenue Bonds, Ser. A

 

3.35

 

12/1/2034

 

2,500,000

 

2,331,744

 

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

 

0.00

 

6/1/2058

 

41,200,000

g 

1,849,950

 

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

 

5.00

 

12/1/2039

 

1,250,000

 

1,277,562

 
 

11,142,315

 

Minnesota - .9%

     

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

 

5.00

 

2/15/2058

 

2,000,000

 

2,005,710

 

Missouri - 2.6%

     

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

 

5.00

 

3/1/2044

 

1,000,000

 

1,020,351

 

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

 

5.13

 

9/1/2049

 

1,000,000

 

861,542

 

St. Louis County Industrial Development Authority, Revenue Bonds, Refunding (Friendship Village Sunset Hills)

 

5.00

 

9/1/2042

 

1,000,000

 

876,708

 

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

 

4.00

 

6/1/2053

 

1,000,000

 

895,143

 

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

 

5.50

 

5/1/2043

 

2,000,000

 

2,023,796

 
 

5,677,540

 

Multi-State - .6%

     

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

 

3.15

 

1/15/2036

 

1,420,000

c 

1,237,018

 

Nevada - 1.4%

     

Clark County School District, GO (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

4.25

 

6/15/2041

 

2,155,000

 

2,176,072

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9% (continued)

     

Nevada - 1.4% (continued)

     

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

 

4.00

 

6/1/2058

 

1,000,000

 

889,433

 
 

3,065,505

 

New Hampshire - 1.1%

     

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

 

4.00

 

1/1/2051

 

3,000,000

 

2,374,438

 

New Jersey - 4.9%

     

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

 

5.13

 

9/15/2023

 

685,000

 

686,752

 

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

 

5.38

 

1/1/2043

 

2,500,000

 

2,504,553

 

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

 

5.25

 

6/15/2027

 

2,500,000

 

2,626,460

 

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

 

5.25

 

6/15/2040

 

1,890,000

 

1,930,384

 

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

 

5.25

 

6/15/2025

 

110,000

d 

117,106

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds

 

5.00

 

6/15/2046

 

1,000,000

 

1,018,327

 

New Jersey Turnpike Authority, Revenue Bonds, Ser. A

 

4.00

 

1/1/2048

 

1,800,000

 

1,720,007

 
 

10,603,589

 

New York - 14.8%

     

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

 

5.00

 

11/15/2044

 

3,500,000

c 

3,308,232

 

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

 

5.00

 

7/1/2044

 

2,000,000

 

2,006,276

 

New York Transportation Development Corp., Revenue Bonds (JFK International Air Terminal LLC)

 

5.00

 

12/1/2040

 

1,200,000

 

1,195,736

 

New York Transportation Development Corp., Revenue Bonds (JFK International Air Terminal LLC)

 

5.00

 

12/1/2037

 

2,000,000

 

2,010,524

 

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

 

4.75

 

11/1/2042

 

2,000,000

c 

1,808,531

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9% (continued)

     

New York - 14.8% (continued)

     

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

 

12.10

 

11/15/2038

 

15,000,000

c,e,f 

15,018,154

 

Tender Option Bond Trust Receipts (Series 2022-XM1004), (Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) (Insured; Assured Guaranty Municipal Corp., Ser. C)) Non-recourse, Underlying Coupon Rate (%) 4.00

 

5.54

 

11/15/2047

 

3,300,000

c,e,f 

3,003,387

 

Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding, Ser. A1

 

5.00

 

5/15/2051

 

2,410,000

 

2,561,897

 

TSASC Inc., Revenue Bonds, Refunding, Ser. B

 

5.00

 

6/1/2045

 

585,000

 

551,104

 

Westchester County Local Development Corp., Revenue Bonds, Refunding (Purchase Senior Learning Community Obligated Group)

 

5.00

 

7/1/2046

 

1,000,000

c 

811,994

 
 

32,275,835

 

North Carolina - 1.1%

     

North Carolina Medical Care Commission, Revenue Bonds, Refunding (Lutheran Services for the Aging Inc. Obligated Group)

 

4.00

 

3/1/2051

 

2,000,000

 

1,416,649

 

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

 

4.00

 

1/1/2055

 

1,000,000

 

898,392

 
 

2,315,041

 

Ohio - 7.5%

     

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

 

5.00

 

6/1/2055

 

7,700,000

 

7,065,729

 

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

 

5.25

 

2/15/2047

 

2,500,000

 

2,516,807

 

Muskingum County, Revenue Bonds (Genesis HealthCare System Project)

 

5.00

 

2/15/2044

 

7,000,000

 

6,631,614

 
 

16,214,150

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9% (continued)

     

Oklahoma - .7%

     

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

 

5.25

 

11/15/2045

 

1,500,000

 

1,500,604

 

Pennsylvania - 11.9%

     

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

 

5.00

 

5/1/2042

 

1,000,000

c 

908,003

 

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

 

5.00

 

2/1/2032

 

1,455,000

 

1,610,774

 

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

 

5.00

 

12/1/2042

 

1,500,000

 

1,500,797

 

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

 

5.00

 

12/1/2037

 

4,000,000

 

4,002,507

 

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

 

5.00

 

11/15/2045

 

1,000,000

 

965,555

 

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

 

5.00

 

9/1/2045

 

3,000,000

 

3,021,334

 

Pennsylvania Turnpike Commission, Revenue Bonds, Ser. B

 

4.00

 

12/1/2051

 

1,000,000

 

892,764

 

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

 

11.56

 

12/1/2042

 

13,000,000

c,e,f 

13,000,000

 
 

25,901,734

 

Rhode Island - 2.0%

     

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

 

5.00

 

9/15/2037

 

4,000,000

 

4,323,621

 

South Carolina - 3.6%

     

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

 

5.13

 

5/1/2048

 

1,750,000

 

1,446,918

 

South Carolina Public Service Authority, Revenue Bonds, Refunding (Santee Cooper)

 

5.13

 

12/1/2043

 

5,000,000

 

5,023,704

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9% (continued)

     

South Carolina - 3.6% (continued)

     

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

 

4.00

 

12/1/2055

 

1,500,000

 

1,273,709

 
 

7,744,331

 

South Dakota - 1.2%

     

Tender Option Bond Trust Receipts (Series 2022-XF1409), (South Dakota Heath & Educational Facilities Authority, Revenue Bonds, Refunding (Avera Health Obligated Group)) Non-recourse, Underlying Coupon Rate (%) 5.00

 

13.01

 

7/1/2046

 

2,680,000

c,e,f 

2,683,004

 

Texas - 10.9%

     

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

 

6.00

 

8/15/2043

 

1,500,000

 

1,522,959

 

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

 

5.75

 

8/15/2045

 

2,500,000

 

2,517,134

 

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

 

6.13

 

8/15/2048

 

3,500,000

 

3,560,923

 

Dallas Fort Worth International Airport, Revenue Bonds, Refunding, Ser. B

 

5.00

 

11/1/2040

 

1,500,000

 

1,633,226

 

Grand Parkway Transportation Corp., Revenue Bonds, Refunding

 

4.00

 

10/1/2049

 

1,000,000

 

912,223

 

Grand Parkway Transportation Corp., Revenue Bonds, Refunding

 

4.00

 

10/1/2045

 

1,165,000

 

1,089,443

 

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

 

4.63

 

10/1/2031

 

1,500,000

c 

1,453,895

 

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

 

12.51

 

11/15/2038

 

7,410,000

c,e,f 

7,491,967

 

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

 

5.00

 

6/30/2058

 

3,500,000

 

3,476,806

 
 

23,658,576

 

U.S. Related - .8%

     

Puerto Rico, GO, Ser. A

 

0.00

 

7/1/2024

 

54,647

g 

50,218

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9% (continued)

     

U.S. Related - .8% (continued)

     

Puerto Rico, GO, Ser. A

 

0.00

 

7/1/2033

 

211,359

g 

116,019

 

Puerto Rico, GO, Ser. A1

 

4.00

 

7/1/2037

 

126,704

 

105,896

 

Puerto Rico, GO, Ser. A1

 

4.00

 

7/1/2035

 

147,628

 

125,899

 

Puerto Rico, GO, Ser. A1

 

4.00

 

7/1/2046

 

179,157

 

138,372

 

Puerto Rico, GO, Ser. A1

 

4.00

 

7/1/2041

 

172,269

 

138,457

 

Puerto Rico, GO, Ser. A1

 

4.00

 

7/1/2033

 

164,238

 

143,107

 

Puerto Rico, GO, Ser. A1

 

5.25

 

7/1/2023

 

91,712

 

92,114

 

Puerto Rico, GO, Ser. A1

 

5.38

 

7/1/2025

 

182,915

 

185,556

 

Puerto Rico, GO, Ser. A1

 

5.63

 

7/1/2029

 

178,318

 

182,787

 

Puerto Rico, GO, Ser. A1

 

5.63

 

7/1/2027

 

181,259

 

185,651

 

Puerto Rico, GO, Ser. A1

 

5.75

 

7/1/2031

 

173,199

 

177,908

 
 

1,641,984

 

Utah - 1.2%

     

Salt Lake City, Revenue Bonds, Ser. A

 

5.00

 

7/1/2042

 

1,205,000

 

1,227,187

 

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

 

5.00

 

4/15/2039

 

1,400,000

 

1,457,789

 
 

2,684,976

 

Virginia - 1.5%

     

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

 

5.00

 

1/1/2049

 

1,000,000

 

905,501

 

Virginia Small Business Financing Authority, Revenue Bonds, Refunding

 

5.00

 

12/31/2057

 

1,500,000

 

1,535,079

 

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

 

4.00

 

1/1/2048

 

1,000,000

 

835,829

 
 

3,276,409

 

Washington - 2.7%

     

Port of Seattle, Revenue Bonds

 

4.00

 

4/1/2044

 

1,000,000

 

893,100

 

Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Providence Health & Services) Ser. A

 

5.00

 

10/1/2042

 

5,000,000

 

5,002,215

 
 

5,895,315

 

Wisconsin - 4.0%

     

Public Finance Authority, Revenue Bonds (Cone Health) Ser. A

 

5.00

 

10/1/2052

 

1,000,000

 

1,035,649

 

Public Finance Authority, Revenue Bonds (EMU Campus Living LLC) (Insured; Build America Mutual) Ser. A1

 

5.50

 

7/1/2052

 

1,200,000

 

1,256,766

 


          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 153.9% (continued)

     

Wisconsin - 4.0% (continued)

     

Public Finance Authority, Revenue Bonds (EMU Campus Living LLC) (Insured; Build America Mutual) Ser. A1

 

5.63

 

7/1/2055

 

1,315,000

 

1,379,402

 

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

 

5.00

 

7/1/2042

 

5,000,000

 

4,963,260

 
 

8,635,077

 

Total Investments (cost $345,306,075)

 

153.9%

334,429,469

 

Liabilities, Less Cash and Receivables

 

(19.4%)

(42,105,441)

 

RVMTPS, at liquidation value

 

(34.5%)

(75,000,000)

 

Net Assets Applicable to Common Shareholders

 

100.0%

217,324,028

 

GO—General Obligation

a These securities have a put feature; the date shown represents the put date and the bond holder can take a specific action to retain the bond after the put date.

b Zero coupon until a specified date at which time the stated coupon rate becomes effective until maturity.

c 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 November 30, 2022, these securities were valued at $90,057,471 or 41.44% of net assets.

d 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.

e 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.

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

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


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

November 30, 2022 (Unaudited)

The following is a summary of the inputs used as of November 30, 2022 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

-

334,429,469

 

-

334,429,469

 

Liabilities ($)

  

Other Financial Instruments:

  

Inverse Floater Notes††

-

(46,880,000)

 

-

(46,880,000)

 

RVMTPS††

-

(75,000,000)

 

-

(75,000,000)

 

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

†† Certain of the fund’s liabilities are held at carrying amount, which approximates fair value for financial reporting purposes.


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:

The Company's Board of Directors (the "Board") has designated the Adviser as the fund’s valuation designee, effective September 8, 2022, to make all fair value determinations with respect to the fund’s portfolio investments, subject to the Board’s oversight and pursuant to Rule 2a-5 under the Act.


Investments in municipal securities are valued each business day by an independent pricing service (the “Service”) approved by 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). Municipal 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. The Service is engaged under the general oversight of the Board. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.

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 November 30, 2022, accumulated net unrealized depreciation on investments was $10,876,606, consisting of $5,025,694 gross unrealized appreciation and $15,902,300 gross unrealized depreciation.

At November 30, 2022, 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.