Business Description
This fund focuses on U.S. tax-exempt bonds tied to public infrastructure such as transportation, energy, utilities, and water systems. It only holds investment-grade debt, targeting bonds rated BBB- or higher, with a maximum duration of 14 years. The fund's managers use both data-driven and fundamental research to find mispriced bonds, actively shifting between sectors based on market conditions, interest rates, and bond characteristics. Originally launched in 2013 under the Dreyfus name, it is now managed by BNY Mellon Investment Adviser Inc.
