DLCGX Fees and Costs — BNY Mellon Large Cap Growth Fund, Class Y
Data updated: 2020-08-21
The net expense ratio is 0.90%: a 0.70% management fee plus 0.30% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $34K in broker commissions, 0.0483% of average net assets, and portfolio turnover was 56%.
DLCGX Fees and Expenses
Annual operating expenses and sales charges of DLCGX. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.90% |
| 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 |
DLCGX Costs Over Time
On $10,000 invested in DLCGX, assuming 5% a year before costs, total costs come to $594 over 5 years, cutting the return by 1.00% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $100 | $326 | $594 |
| Value after costs | $10,400 | $11,250 | $12,169 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
DLCGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0483%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): $83.3M
- Portfolio turnover (prospectus): 56%
- Securities on loan, average value: $4.4M
- Net income from securities lending: $6K (0.008% of average net assets)
DLCGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $5K | 17.23% |
| COWEN AND COMPANY | $5K | 15.72% |
| HILLTOP SECURITIES INC. | $4K | 13.68% |
| UBS SECURITIES LLC | $4K | 11.80% |
| EVERCORE GROUP L.L.C. | $4K | 11.43% |
| J.P. MORGAN SECURITIES LLC | $4K | 11.33% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $2K | 7.40% |
| WELLS FARGO SECURITIES, LLC | $2K | 6.34% |
| JEFFERIES LLC | $846 | 2.74% |
| STRATEGAS SECURITIES, LLC DBA STRATEGAS RESEARCH PARTNERS | $720 | 2.33% |
DLCGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| COWEN AND COMPANY | $14.3M | 18.44% |
| CREDIT SUISSE SECURITIES (USA) LLC | $14.1M | 18.21% |
| J.P. MORGAN SECURITIES LLC | $11.0M | 14.17% |
| HILLTOP SECURITIES INC. | $9.6M | 12.39% |
| UBS SECURITIES LLC | $9.4M | 12.15% |
| EVERCORE GROUP L.L.C. | $7.0M | 8.98% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $4.9M | 6.33% |
| WELLS FARGO SECURITIES, LLC | $3.7M | 4.81% |
| STRATEGAS SECURITIES, LLC DBA STRATEGAS RESEARCH PARTNERS | $2.2M | 2.82% |
| BARCLAYS CAPITAL INC. | $1.3M | 1.69% |
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.