AVGRX Fees and Costs — BNY Mellon Dynamic Total Return Fund, Class I
Data updated: 2025-09-26
The net expense ratio is 1.15%: a 1.10% management fee plus 0.72% other expenses, less a 0.67% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $79K in broker commissions, 0.0824% of average net assets, and portfolio turnover was 4%.
AVGRX Fees and Expenses
Annual operating expenses and sales charges of AVGRX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.72% |
| Gross expense ratio | 1.82% |
| Fee waiver | −0.67% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AVGRX Costs Over Time
On $10,000 invested in AVGRX, assuming 5% a year before costs, total costs come to $767 over 5 years, cutting the return by 1.29% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.15%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $129 | $423 | $767 |
| Value after costs | $10,371 | $11,154 | $11,996 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
AVGRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0824%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): $194.1M
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
AVGRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $57K | 71.72% |
| J.P. Morgan Securities LLC | $13K | 16.89% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $4K | 5.41% |
| GOLDMAN SACHS & CO. LLC | $1K | 1.69% |
| TD SECURITIES (USA) LLC | $1K | 1.69% |
| CITIGROUP GLOBAL MARKETS INC. | $1K | 1.38% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $971 | 1.23% |
AVGRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $87.0M | 44.85% |
| CitiGroup Global Markets Inc. | $62.9M | 32.40% |
| MORGAN STANLEY & CO. LLC | $24.7M | 12.73% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $14.5M | 7.48% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $4.7M | 2.43% |
| GOLDMAN SACHS & CO. LLC | $220K | 0.11% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.