Please ensure Javascript is enabled for purposes of website accessibility Discover US Municipal Infrastructure Bond - Individual or Intermediary Investor - HK - BNY Mellon


BNY Mellon US Municipal Infrastructure Debt Fund


  • The Fund invests primarily in municipal bonds, which are issued by a state, municipality, not-for-profit corporate issuers of United States to finance infrastructure sectors and projects conducted in the United States of America.
  • The Fund’s investment portfolio may fall in value and there is no guarantee of the repayment of principal.
  • Adverse economic, political or regulatory changes or adverse factors could result in adverse changes which can significantly affect the revenue generated and the overall market. This may lead to defaults on payment of principal or interest of the municipal bonds. The federal government of the United States are not obliged to support any municipal bonds in default. The Fund could suffer substantial loss.
  • Municipal bond markets may not be liquid and quoted prices for the same bond may materially differ. The market is generally subject to a lesser degree of transparency which may possibly lead to higher trading costs for the Fund. Municipal bonds may also be subject to call and/or prepayment risk.
  • There are specific risks associated with certain municipal sectors that the Fund may invest, including general obligation bonds risk, revenue bonds risk, private activity bonds risk, moral obligation bonds risk, municipal notes risk and municipal lease obligations risk.
  • The Fund is exposed to risks associated with debt securities, including credit risk, interest rate and inflation risk, downgrading risk, credit rating risk and sub-investment grade debt securities risk.
  • The Fund‘s investments are concentrated in United States and may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the United States.
  • The Fund may pay dividend effectively out of capital which amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.  Any such distributions may result in an immediate reduction of Net Asset Value per share.
  • The Fund may use derivatives for efficient portfolio management (EPM) and investment purpose which may be volatile, involve special risks such as risk of disproportionate loss due to leverage, counterparty/ credit risk, liquidity risk, valuation risk over-the-counter risk which could lead to a high risk of significant loss.
  • Investors should not rely solely on this document to make investment decision. Please read the offering documents carefully for further details including risk factors.







This material is for retail investors and is not intended as investment advice. Investment involves risk. Past performance is not a guide to future performance. The offering document of the fund(s) and the Key Facts Statements (KFS) should be read for further details including the risk factors, in particular (where relevant) those associated with investments in emerging markets or using financial derivative instruments for investment purposes. Past performance information presented is not indicative of future performance. Investment returns may be exposed to exchange rate fluctuations. The value of investments may go down or up. This document has not been reviewed by the Securities and Futures Commission. You should not rely on this document alone to make investment decisions. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. This document may not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorised. This material should not be published or distributed without due authorization from issuer. No warranty is given as to the completeness of this information and no liability is accepted for omissions in such information. The Fund is a sub-fund of BNY Mellon Global Funds, plc (BNY MGF), an open-ended investment company with variable capital (ICVC) with segregated liability between sub-funds. Incorporated with limited liability under the laws of Ireland and authorised by the Central Bank of Ireland as a UCITS fund. The Fund may not be registered for sale in some markets.


In Hong Kong, the issuer of this document is BNY Mellon Investment Management Hong Kong Limited, which is registered with the Securities and Futures Commission (Central Entity Number: AQI762). This document has not been reviewed by the Securities and Futures Commission. Information in this document is subject to change without notice. To the extent permitted by applicable laws, rules, codes and guidelines, BNY Mellon Investment Management Hong Kong Limited accepts no liability whatsoever whether direct or indirect that may arise from the use of or reliance on the information contained in this document. The information has been provided without taking into account the investment objective, financial situation or needs of any particular person. To the extent permitted by applicable laws, rules, codes and guidelines, BNY Mellon Investment Management Hong Kong Limited and its affiliates are not responsible for any subsequent investment advice given based on the information supplied. BNY Mellon Investment Management Hong Kong Limited and any other BNY Mellon entity mentioned are ultimately owned by The Bank of New York Mellon Corporation.



CONTACT US  |  +852 3926 0600  |