DMBIX Fees and Costs — BNY Mellon AMT-Free Municipal Bond Fund, Class I
Data updated: 2026-07-24
The net expense ratio is 0.44%: a 0.35% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 20%.
DMBIX Fees and Expenses
Annual operating expenses and sales charges of DMBIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.44% |
| Fee waiver | — |
| Net expense ratio | 0.44% |
| 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 |
DMBIX Costs Over Time
On $10,000 invested in DMBIX, assuming 5% a year before costs, total costs come to $278 over 5 years, cutting the return by 0.46% 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 0.44%) | $46 | $145 | $253 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $152 | $278 |
| Value after costs | $10,454 | $11,424 | $12,484 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
DMBIX 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): 0.0002%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $931.2M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
DMBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $2K | 68.42% |
| MORGAN STANLEY & CO. LLC | $914 | 31.58% |
DMBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $96.1M | 16.04% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $92.1M | 15.37% |
| WELLS FARGO SECURITIES, LLC | $77.4M | 12.91% |
| ICE BONDS SECURITIES CORPORATION | $60.3M | 10.07% |
| BARCLAYS CAPITAL, INC. | $51.0M | 8.51% |
| GOLDMAN SACHS & CO. LLC | $46.5M | 7.76% |
| FMSBONDS, INC. | $45.8M | 7.65% |
| JEFFERIES LLC | $45.5M | 7.60% |
| J.P. Morgan Securities LLC | $43.9M | 7.33% |
| PIPER SANDLER & CO. | $40.5M | 6.77% |
BNY Mellon AMT-Free 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 |
|---|---|---|---|
| DMUYX | Class Y | 0.41% | none |
| DMBIX | Class I | 0.44% | none |
| DRMBX | Class Z | 0.54% | none |
| DMUAX | Class A | 0.69% | 4.50% |
| DMUCX | Class C | 1.46% | 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.