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BNY Mellon Investment Management has announced a realignment among its investment firms to strengthen their specialized capabilities. This will affect portfolio management for BNY Mellon Municipal Income, Strategic Municipal Bond Fund, and Strategic Municipals, effective in Q3 2021, pending regulatory approval. Portfolio managers from Mellon will transition to Insight North America as sub-advisers, continuing their management of the funds with no anticipated changes to investment objectives or strategies. No increase in management fees is expected.
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