DBEAX Fees and Costs — BNY Mellon Diversified Emerging Markets Fund, Class A
Data updated: 2023-05-26
The net expense ratio is 1.92% (2.07% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2022 the fund paid $127K in broker commissions, 0.0768% of average net assets, and portfolio turnover was 46%.
DBEAX Fees and Expenses
Annual operating expenses and sales charges of DBEAX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.97% |
| Gross expense ratio | 2.07% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.92% |
| 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 |
DBEAX Costs Over Time
On $10,000 invested in DBEAX, assuming 5% a year before costs, total costs come to $1,888 over 5 years, cutting the return by 3.31% 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 1.92%) | $190 | $587 | $1,007 |
| Trading costs (broker commissions) | $8 | $23 | $40 |
| Lost growth on money paid in costs | $29 | $121 | $266 |
| Total costs | $801 | $1,306 | $1,888 |
| Value after costs | $9,699 | $10,270 | $10,875 |
| Impact on return, per year | 8.01% | 4.11% | 3.31% |
DBEAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0768%
- Total broker commissions: $127K
- Bought from dealers (principal trades, not a cost): $156.1M
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $4K (0.002% of average net assets)
DBEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $95K | 75.34% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $12K | 9.66% |
| HSBC SECURITIES (USA) INC. | $9K | 7.36% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $7K | 5.21% |
| CREDIT SUISSE SECURITIES (USA) LLC | $3K | 2.34% |
| PIPER JAFFRAY & CO. | $103 | 0.08% |
| LARRAINVIAL SECURITIES US LLC | $9 | 0.01% |
DBEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $105.0M | 67.29% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $19.7M | 12.63% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $19.1M | 12.25% |
| HSBC SECURITIES (USA) INC. | $10.3M | 6.60% |
| CREDIT SUISSE SECURITIES (USA) LLC | $1.8M | 1.16% |
| PIPER JAFFRAY & CO. | $86K | 0.05% |
| LARRAINVIAL SECURITIES US LLC | $8K | 0.00% |
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.