DHMBX Fees and Costs — BNY Mellon High Yield Municipal Bond Fund, Class Z
Data updated: 2026-07-24
The net expense ratio is 0.96%: a 0.45% management fee, a 0.12% 12b-1 fee plus 0.39% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $161 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 17%.
DHMBX Fees and Expenses
Annual operating expenses and sales charges of DHMBX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.12% |
| Other expenses | 0.39% |
| Gross expense ratio | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| 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 | No |
| Waived fees subject to recoupment | No |
DHMBX Costs Over Time
On $10,000 invested in DHMBX, assuming 5% a year before costs, total costs come to $601 over 5 years, cutting the return by 1.01% 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 0.96%) | $101 | $315 | $546 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $330 | $601 |
| Value after costs | $10,399 | $11,246 | $12,162 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
DHMBX 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): 0.0001%
- Total broker commissions: $161
- Bought from dealers (principal trades, not a cost): $104.1M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
DHMBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $108 | 66.67% |
| MORGAN STANLEY & CO. LLC | $54 | 33.33% |
DHMBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $21.7M | 27.24% |
| WELLS FARGO SECURITIES, LLC | $10.8M | 13.53% |
| J.P. Morgan Securities LLC | $9.3M | 11.62% |
| RBC CAPITAL MARKETS, LLC | $8.8M | 11.10% |
| MORGAN STANLEY & CO. LLC | $8.5M | 10.62% |
| GOLDMAN SACHS & CO. LLC | $6.0M | 7.48% |
| PIPER SANDLER & CO. | $5.8M | 7.34% |
| Herbert J Sims & Co., Inc. | $3.2M | 4.06% |
| Middlegate Securities Ltd | $2.9M | 3.62% |
| ICE BONDS SECURITIES CORPORATION | $2.7M | 3.39% |
BNY Mellon High Yield Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DHYYX | Class Y | 0.84% | none |
| DYBIX | Class I | 0.85% | none |
| DHMBX | Class Z | 0.96% | none |
| DHYAX | Class A | 1.09% | 4.50% |
| DHYCX | Class C | 1.88% | 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.