DIAVX Fees and Costs — BNY Mellon Inflation Adjusted Securities Fund, Investor Shares
Data updated: 2020-12-29
The net expense ratio is 0.92%: a 0.30% management fee plus 0.62% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 67%.
DIAVX Fees and Expenses
Annual operating expenses and sales charges of DIAVX. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.62% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DIAVX Costs Over Time
On $10,000 invested in DIAVX, assuming 5% a year before costs, total costs come to $576 over 5 years, cutting the return by 0.97% 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 0.92%) | $97 | $302 | $524 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $576 |
| Value after costs | $10,403 | $11,260 | $12,186 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
DIAVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $140.6M
- Portfolio turnover (prospectus): 67%
- Securities on loan, average value: $6.2M
- Net income from securities lending: $5K (0.007% of average net assets)
DIAVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $49.5M | 36.20% |
| CITIGROUP GLOBAL MARKETS INC. | $26.3M | 19.23% |
| J.P. MORGAN SECURITIES LLC | $25.7M | 18.83% |
| GOLDMAN SACHS & CO. LLC | $9.0M | 6.56% |
| WELLS FARGO SECURITIES, LLC | $7.8M | 5.70% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $7.6M | 5.56% |
| MORGAN STANLEY & CO. LLC | $4.1M | 3.01% |
| BARCLAYS CAPITAL INC. | $2.5M | 1.85% |
| RBC CAPITAL MARKETS, LLC | $2.1M | 1.53% |
| CITADEL SECURITIES LLC | $2.1M | 1.53% |
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.