BKSB Fees and Costs — BNY Mellon Short Duration Corporate Bond ETF
Data updated: 2023-09-25
The net expense ratio is 0.06%. There are no sales loads or redemption fees. Portfolio turnover was 41%.
BKSB Fees and Expenses
Annual operating expenses and sales charges of BKSB. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.06% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.06% |
| Fee waiver | — |
| Net expense ratio | 0.06% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BKSB Costs Over Time
On $10,000 invested in BKSB, assuming 5% a year before costs, total costs come to $38 over 5 years, cutting the return by 0.06% 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 0.06%) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $6 | $21 | $38 |
| Value after costs | $10,494 | $11,555 | $12,725 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
BKSB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $58.7M
- Portfolio turnover (prospectus): 41%
- Securities on loan, average value: $485K
- Net income from securities lending: $2K (0.004% of average net assets)
BKSB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $21.9M | 42.26% |
| Jane Street Execution Services, LLC | $5.6M | 10.88% |
| MARKETAXESS CORPORATION | $5.4M | 10.39% |
| GOLDMAN SACHS & CO. LLC | $4.8M | 9.32% |
| MORGAN STANLEY & CO. LLC | $4.7M | 8.99% |
| MILLENNIUM ADVISORS, LLC | $4.2M | 8.02% |
| BOFA SECURITIES, INC. | $2.0M | 3.87% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $1.1M | 2.20% |
| CitiGroup Global Markets Inc. | $1.1M | 2.19% |
| BNP PARIBAS SECURITIES CORP. | $973K | 1.87% |
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.