DAGVX Fees and Costs — BNY Mellon Dynamic Value Fund, Class A
Data updated: 2026-07-24
The net expense ratio is 0.93%: a 0.60% management fee plus 0.34% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $4.2M in broker commissions, 0.0557% of average net assets, and portfolio turnover was 95%.
DAGVX Fees and Expenses
Annual operating expenses and sales charges of DAGVX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
DAGVX Costs Over Time
On $10,000 invested in DAGVX, assuming 5% a year before costs, total costs come to $1,315 over 5 years, cutting the return by 2.26% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 0.93%) | $92 | $287 | $498 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $29 | $106 | $212 |
| Total costs | $701 | $985 | $1,315 |
| Value after costs | $9,799 | $10,591 | $11,448 |
| Impact on return, per year | 7.01% | 3.07% | 2.26% |
DAGVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0557%
- Total broker commissions: $4.2M
- Bought from dealers (principal trades, not a cost): $16.3B
- Portfolio turnover (prospectus): 95%
- Securities on loan, average value: $92.6M
- Net income from securities lending: $154K (0.002% of average net assets)
DAGVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $495K | 15.64% |
| GOLDMAN SACHS & CO. LLC | $404K | 12.77% |
| J.P. Morgan Securities LLC | $399K | 12.62% |
| PIPER SANDLER & CO. | $331K | 10.44% |
| MORGAN STANLEY & CO. LLC | $292K | 9.22% |
| Stifel, Nicolaus & Company, Incorporated | $287K | 9.08% |
| LEERINK PARTNERS LLC | $284K | 8.95% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $248K | 7.84% |
| KEYBANC CAPITAL MARKETS, INC. | $219K | 6.92% |
| WELLS FARGO SECURITIES, LLC | $207K | 6.52% |
DAGVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1.9B | 15.71% |
| JEFFERIES LLC | $1.4B | 11.57% |
| PIPER SANDLER & CO. | $1.3B | 11.04% |
| MORGAN STANLEY & CO. LLC | $1.3B | 10.88% |
| Stifel, Nicolaus & Company, Incorporated | $1.2B | 10.49% |
| TD SECURITIES (USA) LLC | $1.1B | 9.72% |
| GOLDMAN SACHS & CO. LLC | $1.1B | 9.54% |
| J.P. Morgan Securities LLC | $880.9M | 7.47% |
| LEERINK PARTNERS LLC | $819.3M | 6.95% |
| NATIONAL FINANCIAL SERVICES LLC | $780.6M | 6.62% |
BNY Mellon Dynamic Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DRGYX | Class Y | 0.63% | none |
| DRGVX | Class I | 0.68% | none |
| DAGVX | Class A | 0.93% | 5.75% |
| DCGVX | Class C | 1.68% | none |
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.