DGBCX Fees and Costs — BNY Mellon Developed Markets Real Estate Securities Fund, Class C
Data updated: 2026-09-24
The net expense ratio is 2.05%: a 0.95% management fee, a 0.75% 12b-1 fee plus 0.86% other expenses, less a 0.51% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $241K in broker commissions, 0.0794% of average net assets, and portfolio turnover was 40%.
DGBCX Fees and Expenses
Annual operating expenses and sales charges of DGBCX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.86% |
| Gross expense ratio | 2.56% |
| Fee waiver | −0.51% |
| Net expense ratio | 2.05% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DGBCX Costs Over Time
On $10,000 invested in DGBCX, assuming 5% a year before costs, total costs come to $1,302 over 5 years, cutting the return by 2.24% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 2.05%) | $215 | $664 | $1,137 |
| Trading costs (broker commissions) | $8 | $26 | $44 |
| Lost growth on money paid in costs | $0 | $34 | $121 |
| Total costs | $326 | $724 | $1,302 |
| Value after costs | $10,174 | $10,852 | $11,461 |
| Impact on return, per year | 3.26% | 2.24% | 2.24% |
DGBCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0794%
- Total broker commissions: $241K
- Bought from dealers (principal trades, not a cost): $254.9M
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $10.5M
- Net income from securities lending: $16K (0.005% of average net assets)
DGBCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $46K | 25.22% |
| LIQUIDNET, INC. | $28K | 15.13% |
| DBS Vickers Securities (USA) Inc. | $19K | 10.13% |
| UBS Securities LLC | $16K | 8.94% |
| J.P. MORGAN SECURITIES LLC | $16K | 8.74% |
| MORGAN STANLEY & CO. LLC | $13K | 6.92% |
| WELLS FARGO SECURITIES, LLC | $12K | 6.46% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $11K | 6.24% |
| MIZUHO SECURITIES USA LLC | $11K | 6.22% |
| BNP Paribas Securities Corp. | $11K | 6.00% |
DGBCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET, INC. | $49.7M | 24.41% |
| CitiGroup Global Markets Inc. | $37.0M | 18.18% |
| MORGAN STANLEY & CO. LLC | $21.0M | 10.33% |
| J.P. Morgan Securities LLC | $19.4M | 9.53% |
| BNP PARIBAS SECURITIES CORP. | $17.1M | 8.37% |
| WELLS FARGO SECURITIES, LLC | $14.2M | 6.98% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $12.7M | 6.23% |
| UBS SECURITIES LLC | $11.8M | 5.82% |
| RAYMOND JAMES FINANCIAL SERVICES, INC. | $11.8M | 5.78% |
| Mizuho Securities USA LLC | $8.9M | 4.37% |
BNY Mellon Developed Markets Real Estate Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DRLIX | Class I | 1.05% | none |
| DRLYX | Class Y | 1.05% | none |
| DRLAX | Class A | 1.30% | 5.75% |
| DGBCX | Class C | 2.05% | 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.