BNY Mellon Municipal Bond Infrastructure Fund, Inc.
Statement of Investments
November 30, 2024 (Unaudited)
 
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1%
Alabama — 3.4%
Alabama Special Care Facilities
Financing Authority,
Revenue Bonds (Methodist
Home for the Aging
Obligated Group)
6.00
6/1/2050
3,820,000
3,737,092
Jefferson County, Revenue
Bonds, Refunding
5.25
10/1/2049
1,500,000
1,630,716
Jefferson County, Revenue
Bonds, Refunding
5.50
10/1/2053
1,250,000
1,379,635
Selma Industrial Development
Board, Revenue Bonds,
Refunding (International
Paper Co.) Ser. A(a)
3.45
11/1/2033
1,000,000
996,351
 
7,743,794
Arizona — 7.5%
Arizona Industrial
Development Authority,
Revenue Bonds (Legacy
Cares Project) Ser. A(b),(c)
7.75
7/1/2050
3,200,000
96,000
Arizona Industrial
Development
Authority, Revenue Bonds
(Sustainable Bond)
(Equitable School Revolving
Fund Obligated Group) Ser.
A
4.00
11/1/2050
3,425,000
3,342,338
Maricopa County Industrial
Development Authority,
Revenue Bonds (Benjamin
Franklin Charter School
Obligated Group)(b)
6.00
7/1/2052
2,000,000
2,064,069
Maricopa County Industrial
Development Authority,
Revenue Bonds, Refunding
(Legacy Traditional Schools
Project)(b)
5.00
7/1/2049
1,025,000
1,034,777
Phoenix Civic Improvement
Corp., Revenue Bonds
4.00
7/1/2044
1,905,000
1,908,036
Salt Verde Financial Corp.,
Revenue Bonds
5.00
12/1/2037
5,000,000
5,535,438
1
Statement of Investments (Unaudited) (continued)
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Arizona — 7.5% (continued)
Sierra Vista Industrial
Development Authority,
Revenue Bonds (American
Leadership Academy
Project)(b)
5.00
6/15/2054
1,000,000
1,003,851
The Phoenix Arizona Industrial
Development Authority,
Revenue Bonds, Refunding
(BASIS School Projects) Ser.
A(b)
5.00
7/1/2046
2,000,000
2,002,108
 
16,986,617
Arkansas — 1.6%
Arkansas Development
Finance Authority, Revenue
Bonds (Sustainable Bond)
(U.S. Steel Corp.)
5.70
5/1/2053
3,500,000
3,720,584
California — 10.5%
California Community Choice
Financing Authority,
Revenue Bonds (Sustainable
Bond) (Clean Energy
Project)(a)
5.00
10/1/2032
1,690,000
1,832,114
California County Tobacco
Securitization Agency,
Revenue Bonds, Refunding
(Los Angeles County
Securitization Corp.) Ser. A
4.00
6/1/2049
1,000,000
949,602
California Municipal Finance
Authority, Revenue Bonds,
Refunding (HumanGood
California Obligated Group)
Ser. A
5.00
10/1/2044
1,000,000
1,012,472
California Statewide
Communities Development
Authority, Revenue Bonds
(California Baptist
University) Ser. A(b)
6.38
11/1/2043
2,035,000
2,038,107
California Statewide
Communities Development
Authority, Revenue Bonds,
Refunding (California Bapist
University) Ser. A(b)
5.00
11/1/2041
1,875,000
1,893,995
2
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
California — 10.5% (continued)
Golden State Tobacco
Securitization Corp.,
Revenue Bonds, Refunding
(Tobacco Settlement Asset)
Ser. B
5.00
6/1/2051
1,000,000
1,054,889
Long Beach Bond Finance
Authority, Revenue Bonds,
Ser. A
5.50
11/15/2037
5,000,000
5,870,366
Orange County Community
Facilities District, Special
Tax Bonds, Ser. A
5.00
8/15/2052
1,000,000
1,045,567
San Diego County Regional
Airport Authority, Revenue
Bonds, Ser. B
5.00
7/1/2051
3,500,000
3,647,013
Tender Option Bond Trust
Receipts (Series 2022-
XF3024), (San Francisco City
& County, Revenue Bonds,
Refunding, Ser. A) Recourse,
Underlying Coupon Rate
5.00%(b),(d),(e)
9.12
5/1/2044
4,500,000
4,664,145
 
24,008,270
Colorado — 5.9%
Colorado Health Facilities
Authority, Revenue Bonds
(CommonSpirit Health
Obligated Group)
5.25
11/1/2052
1,000,000
1,086,412
Colorado Health Facilities
Authority, Revenue Bonds,
Refunding (Covenant Living
Communities & Services
Obligated Group) Ser. A
4.00
12/1/2050
3,000,000
2,753,056
Colorado Health Facilities
Authority, Revenue Bonds,
Refunding (Intermountain
Healthcare Obligated Group)
Ser. A
4.00
5/15/2052
1,255,000
1,238,618
Denver City & County Airport
System, Revenue Bonds,
Refunding, Ser. A
5.50
11/15/2053
1,000,000
1,093,591
Dominion Water & Sanitation
District, Revenue Bonds,
Refunding
5.88
12/1/2052
2,000,000
2,060,855
3
Statement of Investments (Unaudited) (continued)
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Colorado — 5.9% (continued)
Hess Ranch Metropolitan
District No. 6, GO, Ser. A1
5.00
12/1/2049
1,500,000
1,429,104
Rampart Range Metropolitan
District No. 5, Revenue
Bonds
4.00
12/1/2051
1,000,000
871,339
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%(b),(d),(e)
8.04
8/1/2044
2,455,000
2,848,466
 
13,381,441
Connecticut — 1.1%
Connecticut, Revenue Bonds,
Ser. A
5.00
5/1/2041
1,000,000
1,109,990
Connecticut Health &
Educational Facilities
Authority, Revenue Bonds,
Refunding (Fairfield
University) Ser. T
4.00
7/1/2055
1,500,000
1,461,212
 
2,571,202
Delaware — .5%
Delaware Economic
Development Authority,
Revenue Bonds (ACTS
Retirement-Life
Communities Obligated
Group) Ser. B
5.25
11/15/2053
1,000,000
1,040,350
Florida — 6.7%
Collier County Industrial
Development Authority,
Revenue Bonds (NCH
Healthcare System Project)
(Insured; Assured Guaranty
Municipal Corp.) Ser. A
5.00
10/1/2049
3,425,000
3,714,277
Florida Housing Finance Corp.,
Revenue Bonds (Insured;
GNMA, FNMA, FHLMC) Ser. 1
4.40
7/1/2044
1,450,000
1,479,524
4
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Florida — 6.7% (continued)
Greater Orlando Aviation
Authority, Revenue Bonds,
Ser. A
4.00
10/1/2049
2,480,000
2,394,663
Hillsborough County Port
District, Revenue Bonds
(Tampa Port Authority
Project) Ser. B
5.00
6/1/2046
1,250,000
1,284,734
Lee County Industrial
Development Authority,
Revenue Bonds, Refunding,
Ser. 1
4.00
4/1/2049
1,750,000
1,702,276
Miami-Dade County Water &
Sewer System, Revenue
Bonds (Insured; Build
America Mutual)
4.00
10/1/2051
1,000,000
995,422
Palm Beach County Health
Facilities Authority, Revenue
Bonds, Refunding (Lifespace
Communities Obligated
Group) Ser. C
7.63
5/15/2058
1,000,000
1,131,887
Pinellas County Industrial
Development Authority,
Revenue Bonds (Foundation
for Global Understanding)
5.00
7/1/2039
1,000,000
1,016,720
Seminole County Industrial
Development Authority,
Revenue Bonds, Refunding
(Legacy Pointe at UCF
Project)
5.75
11/15/2054
500,000
503,832
Village Community
Development District No. 15,
Special Assessment Bonds(b)
5.25
5/1/2054
1,000,000
1,039,089
 
15,262,424
Georgia — 4.8%
Fulton County Development
Authority, Revenue Bonds,
Ser. A
5.00
4/1/2042
1,250,000
1,280,213
Georgia Municipal Electric
Authority, Revenue Bonds
(Plant Vogtle Units
3&4 Project) Ser. A
5.00
7/1/2052
2,500,000
2,643,939
Main Street Natural Gas,
Revenue Bonds, Ser. A(a)
5.00
9/1/2031
1,000,000
1,081,654
5
Statement of Investments (Unaudited) (continued)
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Georgia — 4.8% (continued)
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%(b),(d),(e)
6.43
7/1/2044
3,600,000
3,865,020
Tender Option Bond Trust
Receipts (Series 2023-
XF3183), (Municipal Electric
Authority of Georgia,
Revenue Bonds (Plant Vogtle
Units 3&4 Project) Ser. A)
Recourse, Underlying
Coupon Rate 5.00%(b),(d),(e)
8.25
1/1/2059
2,060,000
2,091,961
 
10,962,787
Hawaii — .6%
Hawaii Airports System,
Revenue Bonds, Ser. A
5.00
7/1/2047
1,250,000
1,312,380
Illinois — 10.5%
Chicago Board of Education,
GO, Refunding, Ser. A
5.00
12/1/2035
1,500,000
1,528,806
Chicago IL, GO, Ser. A
5.00
1/1/2044
2,000,000
2,033,605
Chicago IL, GO, Refunding, Ser.
A
6.00
1/1/2038
2,500,000
2,592,555
Chicago Transit Authority,
Revenue Bonds, Refunding,
Ser. A
5.00
12/1/2057
2,000,000
2,092,449
Illinois, GO, Ser. D
5.00
11/1/2027
3,500,000
3,686,740
Illinois, GO, Ser. D
5.00
11/1/2028
2,600,000
2,722,104
Illinois, Revenue Bonds,
Refunding, Ser. A
5.00
1/1/2039
1,400,000
1,596,594
Illinois Finance Authority,
Revenue Bonds (Plymouth
Place Obligated Group) Ser.
A
6.63
5/15/2052
1,000,000
1,081,546
6
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Illinois — 10.5% (continued)
Metropolitan Pier & Exposition
Authority, Revenue Bonds
(McCormick Place Project)
(Insured; National Public
Finance Guarantee Corp.)
Ser. A(f)
0.00
12/15/2036
1,400,000
890,366
Metropolitan Pier & Exposition
Authority, Revenue Bonds,
Refunding (McCormick Place
Expansion Project)
5.00
6/15/2050
1,750,000
1,814,312
Tender Option Bond Trust
Receipts (Series 2023-
XF1623), (Regional
Transportation Authority
Illinois, Revenue Bonds, Ser.
B) Non-Recourse,
Underlying Coupon Rate
4.00%(b),(d),(e)
4.90
6/1/2048
1,625,000
1,583,340
Tender Option Bond Trust
Receipts (Series 2024-
XF3244), (Chicago O’Hare
International Airport,
Revenue Bonds (Senior
Lien) Ser. A) Recourse,
Underlying Coupon Rate
5.50%(b),(d),(e)
9.76
1/1/2059
2,100,000
2,295,257
 
23,917,674
Indiana — 1.2%
Indiana Finance Authority,
Revenue Bonds (Sustainable
Bond)(b)
7.00
3/1/2039
1,925,000
906,141
Indianapolis Local Public
Improvement Bond Bank,
Revenue Bonds (City Moral
Obligation) (Insured; Build
America Mutual) Ser. F1
5.25
3/1/2067
1,000,000
1,081,912
Valparaiso, Revenue Bonds,
Refunding (Pratt Paper
(IN) LLC Project)(b)
5.00
1/1/2054
750,000
769,794
 
2,757,847
7
Statement of Investments (Unaudited) (continued)
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Iowa — .6%
Iowa Finance
Authority, Revenue Bonds,
Refunding (Iowa Fertilizer
Co. Project)(g)
5.00
12/1/2032
1,250,000
1,445,244
Kentucky — 1.9%
Christian County, Revenue
Bonds, Refunding (Jennie
Stuart Medical Center
Obligated Group)
5.50
2/1/2044
1,000,000
1,008,765
Henderson, Revenue Bonds
(Pratt Paper Project) Ser.
A(b)
4.70
1/1/2052
1,000,000
1,000,560
Kentucky Public Energy
Authority, Revenue Bonds,
Ser. A(a)
5.00
7/1/2030
1,000,000
1,062,761
Kentucky Public Energy
Authority, Revenue Bonds,
Ser. A1(a)
4.00
8/1/2030
1,310,000
1,335,379
 
4,407,465
Louisiana — 1.4%
Louisiana Public Facilities
Authority, Revenue Bonds
(Calcasieu Bridge Partners)
5.75
9/1/2064
1,825,000
2,007,804
Louisiana Public Facilities
Authority, Revenue Bonds
(Impala Warehousing
Project)(b)
6.50
7/1/2036
1,000,000
1,000,610
Louisiana Public Facilities
Authority, Revenue Bonds,
Refunding (Tulane
University) Ser. A(g)
4.00
4/1/2030
115,000
120,664
 
3,129,078
Maryland — 4.6%
Maryland Economic
Development Corp., Revenue
Bonds (College Park
Leonardtown Project)
(Insured; Assured Guaranty
Municipal Corp.)
5.25
7/1/2064
650,000
695,207
8
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Maryland — 4.6% (continued)
Maryland Economic
Development Corp., Revenue
Bonds (Sustainable Bond)
(Purple Line Transit
Partners) Ser. B
5.25
6/30/2055
4,200,000
4,394,757
Maryland Health & Higher
Educational Facilities
Authority, Revenue Bonds,
Refunding (Johns Hopkins
Health System) (LOC; TD
Bank NA) Ser. B(d)
2.70
6/1/2046
2,000,000
2,000,000
Tender Option Bond Trust
Receipts (Series 2024-
XF1758), (Maryland Stadium
Authority, Revenue Bonds)
Underlying Coupon Rate
5.00%(b),(d),(e)
9.97
6/1/2054
3,000,000
3,277,198
 
10,367,162
Massachusetts — 1.3%
Massachusetts Development
Finance Agency, Revenue
Bonds, Refunding
(NewBridge Charles Inc.)(b)
5.00
10/1/2057
1,000,000
1,000,453
Massachusetts Educational
Financing Authority,
Revenue Bonds, Ser. B
5.00
7/1/2030
1,000,000
1,057,736
Massachusetts Housing
Finance Agency, Revenue
Bonds, Ser. B
4.50
6/1/2056
1,000,000
999,975
 
3,058,164
Michigan — 4.8%
Detroit, GO (Sustainable Bond)
Ser. A
5.00
4/1/2046
1,000,000
1,046,522
Michigan Building Authority,
Revenue Bonds, Refunding
4.00
10/15/2049
2,500,000
2,479,429
Michigan Finance Authority,
Revenue Bonds (Sustainable
Bond) (Henry Ford)
5.50
2/28/2049
1,275,000
1,423,122
Michigan Finance Authority,
Revenue Bonds, Refunding,
Ser. A
4.00
12/1/2049
1,000,000
974,556
9
Statement of Investments (Unaudited) (continued)
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Michigan — 4.8% (continued)
Michigan Housing
Development Authority,
Revenue Bonds, Ser. A
3.35
12/1/2034
2,500,000
2,414,115
Michigan Tobacco Settlement
Finance Authority, Revenue
Bonds, Refunding, Ser. C(f)
0.00
6/1/2058
41,200,000
1,397,343
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
1,250,759
 
10,985,846
Minnesota — 2.2%
Duluth Economic Development
Authority, Revenue Bonds,
Refunding (Essentia Health
Obligated Group) Ser. A
5.00
2/15/2058
2,000,000
2,035,960
Minneapolis-St. Paul
Metropolitan Airports
Commission, Revenue
Bonds, Ser. A
4.00
1/1/2054
3,000,000
2,964,371
 
5,000,331
Missouri — 2.7%
Missouri Housing Development
Commission, Revenue Bonds
(Insured; GNMA,FNMA,
FHLMC) Ser. A
4.70
11/1/2054
995,000
1,013,671
St. Louis County Industrial
Development Authority,
Revenue Bonds (Friendship
Village St. Louis Obligated
Group) Ser. A
5.13
9/1/2049
1,000,000
1,002,790
10
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Missouri — 2.7% (continued)
St. Louis County Industrial
Development Authority,
Revenue Bonds, Refunding
(Friendship Village Sunset
Hills)
5.00
9/1/2042
1,000,000
1,000,045
Tender Option Bond Trust
Receipts (Series 2023-
XM1116), (Jackson County
Missouri Special Obligation,
Revenue Bonds, Refunding,
Ser. A) Non-Recourse,
Underlying Coupon Rate
4.25%(b),(d),(e)
2.94
12/1/2053
3,000,000
3,010,510
 
6,027,016
Nebraska — .4%
Omaha Public Power District,
Revenue Bonds, Ser. A
4.00
2/1/2051
1,000,000
986,510
Nevada — 1.4%
Clark County School District,
GO (Insured; Assured
Guaranty Municipal Corp.)
Ser. A
4.25
6/15/2041
2,155,000
2,214,749
Reno, Revenue Bonds,
Refunding (Insured; Assured
Guaranty Municipal Corp.)
4.00
6/1/2058
1,000,000
960,758
 
3,175,507
New Hampshire — 1.2%
New Hampshire Business
Finance Authority, Revenue
Bonds, Refunding
(Springpoint Senior Living
Obligated Group)
4.00
1/1/2041
2,925,000
2,733,326
New Jersey — 4.6%
New Jersey Economic
Development Authority,
Revenue Bonds (The
Goethals)
5.38
1/1/2043
2,500,000
2,502,029
New Jersey Economic
Development Authority,
Revenue Bonds, Ser. WW(g)
5.25
6/15/2040
110,000
111,319
11
Statement of Investments (Unaudited) (continued)
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
New Jersey — 4.6% (continued)
New Jersey Economic
Development Authority,
Revenue Bonds, Ser. WW(g)
5.25
6/15/2040
1,590,000
1,609,066
New Jersey Economic
Development Authority,
Revenue Bonds, Refunding,
Ser. XX
5.25
6/15/2027
655,000
661,463
New Jersey Health Care
Facilities Financing
Authority, Revenue Bonds
(RWJ Barnabas Health
Obligated Group)
4.00
7/1/2051
1,250,000
1,251,164
New Jersey Transportation
Trust Fund Authority,
Revenue Bonds
5.00
6/15/2044
1,250,000
1,361,060
New Jersey Transportation
Trust Fund Authority,
Revenue Bonds, Ser. BB
5.25
6/15/2050
1,000,000
1,104,438
New Jersey Transportation
Trust Fund Authority,
Revenue Bonds, Ser. CC(g)
5.50
12/15/2032
1,600,000
1,908,177
 
10,508,716
New Mexico — .6%
New Mexico Mortgage Finance
Authority, Revenue Bonds
(Insured; GNMA, FNMA,
FHLMC) Ser. E
4.70
9/1/2054
1,400,000
1,424,831
New York — 10.0%
New York Liberty
Development Corp., Revenue
Bonds, (JFK International
Airport Terminal) Refunding
(Class 1-3 World Trade
Center Project)(b)
5.00
11/15/2044
3,500,000
3,501,928
New York Transportation
Development Corp., Revenue
Bonds (JFK International
Airport Terminal)
5.00
12/1/2036
2,000,000
2,146,542
New York Transportation
Development Corp., Revenue
Bonds (JFK International
Airport Terminal)
5.00
12/1/2040
1,200,000
1,269,288
12
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
New York — 10.0% (continued)
New York Transportation
Development Corp., Revenue
Bonds (LaGuardia Airport
Terminal)
5.63
4/1/2040
1,000,000
1,082,630
New York Transportation
Development Corp., Revenue
Bonds (Sustainable Bond)
(JFK International Airport
Terminal One Project)
(Insured; Assured Guaranty
Municipal Corp.)
5.13
6/30/2060
1,000,000
1,039,254
Niagara Area Development
Corp., Revenue Bonds,
Refunding (Covanta Project)
Ser. A(b)
4.75
11/1/2042
2,000,000
1,957,414
Tender Option Bond Trust
Receipts (Series 2022-
XM1004), (Metropolitan
Transportation Authority,
Revenue Bonds, Refunding
(Sustainable Bond) (Insured;
Assured Guaranty Municipal
Corp.) Ser. C) Non-Recourse,
Underlying Coupon Rate
4.00%(b),(d),(e)
4.60
11/15/2047
3,300,000
3,266,327
Tender Option Bond Trust
Receipts (Series 2024-
XM1174), (New York State
Transportation
Development Corp., Revenue
Bonds (Sustainable Bond)
(JFK International Airport
Terminal One Project)
(Insured; Assured Guaranty
Municipal Corp.)) Recourse,
Underlying Coupon Rate
5.25%(b),(d),(e)
10.74
6/30/2060
2,150,000
2,284,994
13
Statement of Investments (Unaudited) (continued)
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
New York — 10.0% (continued)
Tender Option Bond Trust
Receipts (Series 2024-
XM1181), (Triborough
Bridge & Tunnel Authority
Sales Tax Revenue, Revenue
Bonds, Ser. A1) Non-
Recourse, Underlying
Coupon Rate 4.13%(b),(d),(e)
2.89
5/15/2064
3,000,000
3,007,608
Tender Option Bond Trust
Receipts (Series 2024-
XM1194), (New York
Transportation
Development Corp., Revenue
Bonds, Refunding
(Sustainable Bond) (JFK
International Airport
Terminal Six Redevelopment
Project) (Insured; Assured
Guaranty Municipal Corp.))
Recourse, Underlying
Coupon Rate 5.25%(b),(d),(e)
9.76
12/31/2054
2,100,000
2,261,231
Westchester County Local
Development Corp., Revenue
Bonds (Senior Learning
Community)(b)
5.00
7/1/2041
1,000,000
1,027,023
 
22,844,239
North Carolina — 1.9%
North Carolina Medical Care
Commission, Revenue Bonds
(Carolina Meadows
Obligated Group)
5.25
12/1/2049
2,850,000
3,097,107
North Carolina Medical Care
Commission, Revenue
Bonds, Refunding (Lutheran
Services for the Aging
Obligated Group)
4.00
3/1/2051
1,300,000
1,140,360
 
4,237,467
Ohio — 9.5%
Buckeye Tobacco Settlement
Financing Authority,
Revenue Bonds, Refunding,
Ser. B2
5.00
6/1/2055
6,665,000
6,112,175
14
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Ohio — 9.5% (continued)
Cuyahoga County, Revenue
Bonds, Refunding (The
MetroHealth System)
5.00
2/15/2052
1,980,000
1,998,844
Cuyahoga County, Revenue
Bonds, Refunding (The
MetroHealth System)
5.25
2/15/2047
2,500,000
2,550,651
Muskingum County, Revenue
Bonds (Genesis Heathcare
System Project)
5.00
2/15/2048
6,495,000
6,494,897
Port of Greater Cincinnati
Development Authority,
Revenue Bonds, Refunding
(Duke Energy Co.) (Insured;
Assured Guaranty Municipal
Corp.) Ser. B
4.38
12/1/2058
1,000,000
1,022,253
Tender Option Bond Trust
Receipts (Series 2024-
XF1711), (University of
Cincinnati Ohio Receipt,
Revenue Bonds, Ser. A) Non-
Recourse, Underlying
Coupon Rate 5.00%(b),(d),(e)
10.18
6/1/2049
3,200,000
3,465,519
 
21,644,339
Oklahoma — 2.2%
Tender Option Bond Trust
Receipts (Series 2024-
XM1163), (Oklahoma City
Water Utilities Trust,
Revenue Bonds, Refunding)
Non-Recourse, Underlying
Coupon Rate 5.25%(b),(d),(e)
11.04
7/1/2064
3,200,000
3,553,742
Tulsa County Industrial
Authority, Revenue Bonds,
Refunding (Montereau
Project)
5.25
11/15/2045
1,500,000
1,519,574
 
5,073,316
Pennsylvania — 8.7%
Allentown City School District,
GO, Refunding (Insured;
Build America Mutual) Ser. B
5.00
2/1/2033
1,455,000
1,554,464
15
Statement of Investments (Unaudited) (continued)
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Pennsylvania — 8.7% (continued)
Allentown Neighborhood
Improvement Zone
Development Authority,
Revenue Bonds (City Center
Project)(b)
5.00
5/1/2042
1,000,000
1,004,084
Clairton Municipal Authority,
Revenue Bonds, Refunding,
Ser. B
4.00
12/1/2038
3,750,000
3,759,657
Pennsylvania Economic
Development Financing
Authority, Revenue Bonds
(The Penndot Major
Bridges)
6.00
6/30/2061
2,000,000
2,214,002
Pennsylvania Higher
Educational Facilities
Authority, Revenue Bonds,
Refunding (Thomas
Jefferson University
Obligated Group) Ser. A
5.00
9/1/2045
3,000,000
3,011,782
Pennsylvania Turnpike
Commission, Revenue
Bonds, Ser. A
4.00
12/1/2050
1,000,000
975,843
Tender Option Bond Trust
Receipts (Series 2022-
XF1525), (Pennsylvania
Economic Development
Financing Authority,
Revenue Bonds, Ser. A2)
Recourse, Underlying
Coupon Rate 4.00%(b),(d),(e)
4.52
5/15/2053
2,300,000
2,236,968
16
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Pennsylvania — 8.7% (continued)
Tender Option Bond Trust
Receipts (Series 2023-
XM1133), (Philadelphia
Water & Wastewater,
Revenue Bonds, Refunding
(Insured; Assured Guaranty
Municipal Corp.) Ser. B)
Non-Recourse, Underlying
Coupon Rate 5.50%(b),(d),(e)
11.80
9/1/2053
2,400,000
2,699,373
Tender Option Bond Trust
Receipts (Series 2024-
XF1750), (Philadelphia Gas
Works Co, Revenue Bonds
(1998 General Ordiance)
(Insured; ACE Guaranty
Corp.) Ser. 17) Non-
Recourse, Underlying
Coupon Rate 5.25%(b),(d),(e)
10.84
8/1/2054
2,100,000
2,339,512
 
19,795,685
Rhode Island — 1.8%
Tender Option Bond Trust
Receipts (Series 2023-
XM1117), (Rhode Island
Infrastructure Bank State
Revolving Fund, Revenue
Bonds, Ser. A) Non-
Recourse, Underlying
Coupon Rate 4.13%(b),(d),(e)
4.62
10/1/2048
4,000,000
4,072,683
South Carolina — 2.0%
South Carolina Jobs-Economic
Development Authority,
Revenue Bonds, Refunding
(Bon Secours Mercy Health)
4.00
12/1/2044
1,500,000
1,499,754
South Carolina Jobs-Economic
Development Authority,
Revenue Bonds, Refunding
(Lutheran Homes of South
Caroline Obligated Group)
5.13
5/1/2048
1,750,000
1,534,749
South Carolina Public Service
Authority, Revenue Bonds,
Refunding (Santee Cooper)
Ser. A
4.00
12/1/2055
1,500,000
1,440,753
 
4,475,256
17
Statement of Investments (Unaudited) (continued)
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
South Dakota — 1.2%
Tender Option Bond Trust
Receipts (Series 2022-
XF1409), (South Dakota
Health & Educational
Facilities Authority, Revenue
Bonds, Refunding (Avera
Health Obligated Group))
Non-Recourse, Underlying
Coupon Rate 5.00%(b),(d),(e)
10.16
7/1/2046
2,680,000
2,728,734
Tennessee — .6%
Metropolitan Government
Nashville & Davidson County
Health & Educational
Facilities Board, Revenue
Bonds (Belmont University)
5.25
5/1/2048
1,250,000
1,374,969
Texas — 16.5%
Aldine Independent School
District, GO
(Insured: Permanent School
Fund Guarantee Program)
4.00
2/15/2054
1,000,000
990,946
Arlington Higher Education
Finance Corp., Revenue
Bonds (BASIS Texas Charter
Schools)(b)
5.00
6/15/2064
1,000,000
1,002,102
Clifton Higher Education
Finance Corp., Revenue
Bonds (International
Leadership of Texas) Ser. A
5.75
8/15/2045
2,500,000
2,528,115
Clifton Higher Education
Finance Corp., Revenue
Bonds (International
Leadership of Texas) Ser. D
5.75
8/15/2033
1,000,000
1,015,221
Clifton Higher Education
Finance Corp., Revenue
Bonds (International
Leadership of Texas) Ser. D
6.13
8/15/2048
3,500,000
3,546,970
Clifton Higher Education
Finance Corp., Revenue
Bonds, Refunding (IDEA
Public Schools) (Insured;
Permanent School Fund
Guarantee Program)
4.00
8/15/2054
1,000,000
975,538
18
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Texas — 16.5% (continued)
Clifton Higher Education
Finance Corp., Revenue
Bonds, Refunding
(International Leadership of
Texas) (Insured: Permanent
School Fund Guarantee
Program) Ser. A
4.25
8/15/2053
1,000,000
1,009,845
Dallas Fort Worth
International Airport,
Revenue Bonds, Refunding,
Ser. B
5.00
11/1/2040
1,500,000
1,660,396
Dallas Independent School
District, GO, Refunding
(Insured; Permanent School
Fund Guarantee Program)
4.00
2/15/2054
2,000,000
1,981,892
Fort Bend County, Revenue
Bonds, Refunding (Insured;
Assured Guaranty Municipal
Corp.)
4.25
3/1/2049
1,250,000
1,254,225
Grand Parkway Transportation
Corp., Revenue Bonds,
Refunding
4.00
10/1/2049
1,165,000
1,146,289
Houston Airport System,
Revenue Bonds (United
Airlines) Ser. B
5.50
7/15/2037
2,000,000
2,169,296
Houston Airport System,
Revenue Bonds, Ser. A
4.00
7/1/2039
2,480,000
2,479,971
Houston Airport System,
Revenue Bonds, Refunding
(Insured; Assured Guaranty
Municipal Corp.) Ser. A
4.50
7/1/2053
1,400,000
1,417,044
Lamar Consolidated
Independent School District,
GO
4.00
2/15/2053
1,000,000
984,956
Medina Valley Independent
School District, GO
(Insured: Permanent School
Fund Guarantee Program)
4.00
2/15/2053
4,500,000
4,482,978
Mission Economic
Development Corp., Revenue
Bonds, Refunding
(Natgasoline Project)(b)
4.63
10/1/2031
2,500,000
2,507,904
19
Statement of Investments (Unaudited) (continued)
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Texas — 16.5% (continued)
Tarrant Country Cultural
Education Facilities Finance
Corp., Revenue Bonds,
Refunding (Trinity Terrace
Project)
5.00
10/1/2044
1,375,000
1,481,145
Tender Option Bond Trust
Receipts (Series 2024-
XM1164), (Texas State
University System, Revenue
Bonds Refunding) Non-
Recourse, Underlying
Coupon Rate 5.25%(b),(d),(e)
2.89
3/15/2054
3,200,000
3,521,561
Waxahachie Independent
School District, GO (Insured;
Permanent School Fund
Guarantee Program)
4.25
2/15/2053
1,500,000
1,524,799
 
37,681,193
U.S. Related — 1.7%
Puerto Rico, GO, Ser. A(f)
0.00
7/1/2033
211,359
146,464
Puerto Rico, GO, Ser. A1
4.00
7/1/2033
164,238
163,748
Puerto Rico, GO, Ser. A1
4.00
7/1/2035
147,628
146,116
Puerto Rico, GO, Ser. A1
4.00
7/1/2037
126,704
124,462
Puerto Rico, GO, Ser. A1
4.00
7/1/2041
172,269
165,985
Puerto Rico, GO, Ser. A1
4.00
7/1/2046
179,157
170,885
Puerto Rico, GO, Ser. A1
5.38
7/1/2025
91,331
92,362
Puerto Rico, GO, Ser. A1
5.63
7/1/2027
181,259
189,710
Puerto Rico, GO, Ser. A1
5.63
7/1/2029
2,178,318
2,351,507
Puerto Rico, GO, Ser. A1
5.75
7/1/2031
173,199
193,202
 
3,744,441
Utah — .9%
Salt Lake City, Revenue Bonds,
Ser. A
5.00
7/1/2042
1,000,000
1,018,184
Salt Lake City, Revenue Bonds,
Ser. A
5.00
7/1/2048
1,000,000
1,020,419
 
2,038,603
20
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Virginia — 2.2%
Tender Option Bond Trust
Receipts (Series 2024-
XM1176), (Virginia Housing
Development Authority,
Revenue Bonds, Ser. A)
Recourse, Underlying
Coupon Rate 4.80%(b),(d),(e)
9.37
9/1/2059
3,000,000
3,053,512
Virginia Small Business
Financing Authority,
Revenue Bonds (Transform
66 P3 Project)
5.00
12/31/2049
1,000,000
1,010,793
Williamsburg Economic
Development Authority,
Revenue Bonds (William &
Mary Project) (Insured;
Assured Guaranty Municipal
Corp.) Ser. A
4.13
7/1/2058
1,000,000
1,001,774
 
5,066,079
Washington — 4.3%
Tender Option Bond Trust
Receipts (Series 2024-
XF1730), (Port of Seattle
Washington, Revenue Bonds,
Refunding (Intermediate
Lien) (Insured; Assured
Guaranty Municipal Corp.)
Ser. 2024A) Non-Recourse,
Underlying Coupon Rate
5.25%(b),(d),(e)
10.85
7/1/2049
2,500,000
2,687,936
Washington Convention Center
Public Facilities District,
Revenue Bonds (Sustainable
Bond) Ser. B
4.00
7/1/2058
1,000,000
907,388
21
Statement of Investments (Unaudited) (continued)
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Washington — 4.3% (continued)
Washington Health Care
Facilities Authority, Revenue
Bonds, Refunding
(Providence Health &
Services) Ser. A
5.00
10/1/2042
5,000,000
5,000,294
Washington Housing Finance
Commission, Revenue
Bonds, Refunding (Seattle
Academy of Arts &
Sciences)(b)
6.38
7/1/2063
1,000,000
1,109,201
 
9,704,819
Wisconsin — 5.6%
Public Finance Authority,
Revenue Bonds (EMU
Campus Living) (Insured;
Build America Mutual) Ser.
A1
5.50
7/1/2052
1,200,000
1,302,137
Public Finance Authority,
Revenue Bonds (EMU
Campus Living) (Insured;
Build America Mutual) Ser.
A1
5.63
7/1/2055
1,315,000
1,426,660
Public Finance Authority,
Revenue Bonds, Ser. 1
5.75
7/1/2062
2,695,597
2,874,028
Public Finance Authority,
Revenue Bonds, Refunding,
Ser. B
5.00
7/1/2042
5,000,000
5,000,829
22
Description
 
Coupon
Rate (%)
Maturity
Date
Principal
Amount ($)
Value ($)
Long-Term Municipal Investments — 151.1% (continued)
Wisconsin — 5.6% (continued)
Public Finance
Authority, Revenue Bonds
(Cone Health) Ser. A
5.00
10/1/2052
1,000,000
1,066,254
Wisconsin Health &
Educational Facilities
Authority, Revenue Bonds
(Bellin Memorial Hospital
Obligated Group)
5.50
12/1/2052
1,000,000
1,102,667
 
12,772,575
Total Investments (cost
$336,655,349)
151.1%
344,168,964
Liabilities, Less Cash and
Receivables
(51.1)%
(116,389,663)
Net Assets
100.0%
227,779,301
 
FHLMC—Federal Home Loan Mortgage Corporation
FNMA—Federal National Mortgage Association
GNMA—Government National Mortgage Association
GO—Government Obligation
LOC—Letter of Credit
 
(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)
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, 2024, these securities amounted to $92,774,807 or 40.7% of net assets applicable to
Common Stockholders.
(c)
Non-income producing—security in default.
(d)
 The Variable Rate is 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)
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.
See notes to statement of investments.
23
Statement of Investments
BNY Mellon Municipal Bond Infrastructure Fund, Inc.
November 30, 2024 (Unaudited)

The following is a summary of the inputs used as of November 30, 2024 in valuing the fund’s investments: 
 
Level 1 -
Unadjusted
Quoted Prices
Level 2- Other
Significant
Observable Inputs
Level 3-
Significant
Unobservable
Inputs
Total
Assets ($)
Investments in
Securities:†
Municipal Securities
—
344,168,964
—
344,168,964
Liabilities ($)
Other Financial
Instruments:
Inverse Floater
Notes††
—
(43,455,000)
—
(43,455,000)
RVMTP Shares††
—
(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.
24
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 Trust’s Board of Directors (the “Board”) has designated the Adviser as the fund’s valuation designee 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, excluding short-term investment (other than U.S. Treasury Bills), are valued each business day by an independent pricing service (the
25
“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 reflect accurately 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 (for example, a foreign exchange or market), 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 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
26
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, 2024, accumulated net unrealized appreciation on investments was $7,513,615, consisting of $14,990,612 gross unrealized appreciation and $7,476,997 gross unrealized depreciation.
At November 30, 2024, 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.
27
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