DFLIX Fees and Costs — BNY Mellon Floating Rate Income Fund, Class I
Data updated: 2026-07-24
The net expense ratio is 0.78%: a 0.65% management fee plus 0.14% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $64K in broker commissions, 0.0075% of average net assets, and portfolio turnover was 133%.
DFLIX Fees and Expenses
Annual operating expenses and sales charges of DFLIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.78% |
| 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 |
DFLIX Costs Over Time
On $10,000 invested in DFLIX, assuming 5% a year before costs, total costs come to $495 over 5 years, cutting the return by 0.83% 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 0.78%) | $82 | $256 | $445 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $271 | $495 |
| Value after costs | $10,417 | $11,305 | $12,268 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
DFLIX 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): 0.0075%
- Total broker commissions: $64K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 133%
- Securities on loan, average value: $12.6M
- Net income from securities lending: $100K (0.012% of average net assets)
DFLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| EVERCORE GROUP L.L.C. | $28K | 43.61% |
| TD SECURITIES (USA) LLC | $18K | 28.79% |
| CAPITAL ONE SECURITIES, INC. | $7K | 11.12% |
| PIPER SANDLER & CO. | $4K | 5.82% |
| MORGAN STANLEY & CO. LLC | $3K | 4.48% |
| A.G.P. / ALLIANCE GLOBAL PARTNERS | $2K | 3.20% |
| Stifel, Nicolaus & Company, Incorporated | $957 | 1.50% |
| NATIONAL ALLIANCE SECURITIES, LLC | $949 | 1.49% |
DFLIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $288.8M | 24.30% |
| BARCLAYS CAPITAL, INC. | $158.3M | 13.32% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $154.5M | 13.00% |
| GOLDMAN SACHS & CO. LLC | $130.1M | 10.94% |
| MORGAN STANLEY & CO. LLC | $124.5M | 10.48% |
| CitiGroup Global Markets Inc. | $87.0M | 7.32% |
| EVERCORE GROUP L.L.C. | $75.9M | 6.38% |
| JEFFERIES LLC | $74.0M | 6.22% |
| UBS SECURITIES LLC | $52.0M | 4.37% |
| TD SECURITIES (USA) LLC | $43.6M | 3.67% |
BNY Mellon Floating Rate Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DFLYX | Class Y | 0.74% | none |
| DFLIX | Class I | 0.78% | none |
| DFLAX | Class A | 1.03% | 2.50% |
| DFLCX | Class C | 1.78% | 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.