DPENX Fees and Costs — BNY Mellon Pennsylvania Fund, Class Z
Data updated: 2023-02-27
The net expense ratio is 0.68%: a 0.55% management fee plus 0.23% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 15%.
DPENX Fees and Expenses
Annual operating expenses and sales charges of DPENX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.78% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.68% |
| 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 |
DPENX Costs Over Time
On $10,000 invested in DPENX, assuming 5% a year before costs, total costs come to $428 over 5 years, cutting the return by 0.71% 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 0.68%) | $71 | $224 | $389 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $235 | $428 |
| Value after costs | $10,429 | $11,342 | $12,335 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
DPENX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $38.8M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
DPENX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $8.5M | 27.38% |
| BARCLAYS CAPITAL INC. | $3.9M | 12.59% |
| WELLS FARGO SECURITIES, LLC | $3.5M | 11.18% |
| FIFTH THIRD SECURITIES, INC. | $3.4M | 10.85% |
| UBS SECURITIES LLC | $2.8M | 8.92% |
| JANNEY MONTGOMERY SCOTT LLC | $2.3M | 7.33% |
| HERBERT J. SIMS & CO. INC. | $2.0M | 6.40% |
| GOLDMAN SACHS & CO. LLC | $1.8M | 5.86% |
| MORGAN STANLEY & CO. LLC | $1.6M | 5.07% |
| HEADLANDS TECH GLOBAL MARKETS, LLC | $1.4M | 4.42% |
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.