DJWIX Fees and Costs — BNY Mellon Japan Womenomics Fund, Class I
Data updated: 2021-06-24
The net expense ratio is 1.00%: a 0.75% management fee plus 9.92% other expenses, less a 9.67% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2020 the fund paid $404 in broker commissions, 0.0174% of average net assets, and portfolio turnover was 36%.
DJWIX Fees and Expenses
Annual operating expenses and sales charges of DJWIX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 9.92% |
| Gross expense ratio | 10.67% |
| Fee waiver | −9.67% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DJWIX Costs Over Time
On $10,000 invested in DJWIX, assuming 5% a year before costs, total costs come to $636 over 5 years, cutting the return by 1.07% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $17 | $58 |
| Total costs | $107 | $350 | $636 |
| Value after costs | $10,393 | $11,227 | $12,127 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
DJWIX 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): 0.0174%
- Total broker commissions: $404
- Bought from dealers (principal trades, not a cost): $1.2M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
DJWIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DAIWA CAPITAL MARKETS AMERICA INC. | $258 | 63.86% |
| MIZUHO SECURITIES USA LLC | $138 | 34.16% |
| CREDIT SUISSE SECURITIES (USA) LLC | $4 | 0.99% |
| INSTINET, LLC | $4 | 0.99% |
DJWIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| DAIWA CAPITAL MARKETS AMERICA INC. | $822K | 66.17% |
| MIZUHO SECURITIES USA LLC | $387K | 31.15% |
| INSTINET, LLC | $29K | 2.36% |
| CREDIT SUISSE SECURITIES (USA) LLC | $4K | 0.31% |
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.