BNY Mellon U.S. Municipal Infrastructure Debt Fund SGD-Hedged (Dist.)(IE000KVZ81R6)
- Fixed income
- Municipal bond
- US
- SGD Cash
- Distributing
The Fund seeks to achieve a high level of income as is consistent with the preservation of capital through investing predominantly in taxable and tax-exempt municipal bonds issued to finance infrastructure sectors and projects in the US.
Offers retail investors unique access to the US municipal bond market, which serves as the primary funding mechanism for critical national infrastructure. Targets an overlooked asset class characterized by low institutional and overseas participation, creating structural inefficiencies for active exploitation.
Managed by Thomas Casey and Jeffrey Burger of Insight North America, who serve as senior portfolio managers for the strategy. The lead management team averages over 25 years of industry experience and is supported by a specialized US Municipal Debt platform. They are supported by a dedicated US Municipal Debt platform and wider firm analytical resources.
Aims to generate consistent alpha over the legal benchmark through active security selection, sector rotation, and strategic duration management. Targets a high level of tax-exempt income while maintaining a focus on capital preservation over a full market cycle. The Fund can and has experienced negative performance, which is usually driven by concerted retail flows.
Utilizes intensive, independent credit research to evaluate issuer fundamentals, including financial statements, bond covenants, and regional economic health. Integrates a proprietary ESG framework that assesses thematic risks such as climate change and aging infrastructure to identify long-term credit stability. Employs disciplined risk controls, including sector allocation limits and scenario testing, to mitigate downside risk and manage tracking error.
Access to institutional share class with no trailer fees to achieve the lowest possible fees.
It serves as a high-quality income diversifier, offering credit profiles that historically exhibit lower default rates than investment-grade corporate bonds. The fund acts as a defensive building block due to its low historical correlation with US Treasuries, global equities, and traditional corporate credit. It is suitable for investors seeking a stable, diversifying income source backed by essential US infrastructure assets.
Daily data. Returns as of 15 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | -0.7% | 1.7% | -0.8% | -0.8% | 0.5% | 2.2% | -2.7% | -0.5% | - | - | - | - |
| 2025 | -0.3% | -0.3% | 1.5% | -1.2% | -2.9% | -2.2% | 0.1% | 1.8% | -0.1% | 2.4% | 1.9% | -0.1% | -1.1% |
| 2024 | 5.5% | 2.0% | -0.4% | 0.7% | -0.9% | 0.3% | 1.7% | 0.5% | -1.2% | -0.4% | 0.3% | 3.1% | -0.2% |
| 2023 | 6.0% | 1.9% | 0.7% | 0.8% | 0.9% | 0.6% | -0.1% | -1.8% | 1.3% | -1.6% | -1.5% | 2.7% | 2.2% |
| 2022 | - | - | - | - | - | - | - | - | - | - | - | 0.1% | -2.0% |
| MASSACHUSETTS ST SPL OBLIG REV 3.68% | 2.64% |
| NEW YORK N Y 5.828% | 2.49% |
| DETROIT MICH CITY SCH DIST 6.645% | 2.02% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 3.492% | 2.02% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4% | 2.02% |
| NEW YORK TRANSN DEV CORP REV 6.971% (2051-06-30 Maturity) | 1.83% |
| CALIFORNIA ST 4.35% | 1.81% |
| UNIVERSITY MICH UNIV REVS 3.504% | 1.77% |
| MARYLAND ST ECONOMIC DEV CORP REV 5.942% | 1.76% |
| ILLINOIS FIN AUTH REV 4% | 1.69% |
| MINNESOTA AGRIC & ECONOMIC DEV BRD REV 5.25% | 1.69% |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 7.14% | 1.61% |
| BATTERY PK CITY AUTH N Y REV 4.8% | 1.58% |
| FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 4.094% | 1.53% |
| MISSOURI ST HEALTH & EDL FACS AUTH EDL FACS REV 3.651% | 1.48% |
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