DPSCX Fees and Costs — BNY Mellon Structured Midcap Fund, Class C
Data updated: 2021-11-04
The net expense ratio is 1.90%: a 0.75% management fee, a 0.75% 12b-1 fee plus 0.63% other expenses, less a 0.23% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $62K in broker commissions, 0.0578% of average net assets, and portfolio turnover was 85%.
DPSCX Fees and Expenses
Annual operating expenses and sales charges of DPSCX. Prospectus, as of August 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.63% |
| Gross expense ratio | 2.13% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.90% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DPSCX Costs Over Time
On $10,000 invested in DPSCX, assuming 5% a year before costs, total costs come to $1,201 over 5 years, cutting the return by 2.06% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.90%) | $200 | $616 | $1,058 |
| Trading costs (broker commissions) | $6 | $19 | $32 |
| Lost growth on money paid in costs | $0 | $32 | $111 |
| Total costs | $309 | $667 | $1,201 |
| Value after costs | $10,191 | $10,910 | $11,561 |
| Impact on return, per year | 3.09% | 2.06% | 2.06% |
DPSCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0578%
- Total broker commissions: $62K
- Bought from dealers (principal trades, not a cost): $205.5M
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $7.5M
- Net income from securities lending: $11K (0.010% of average net assets)
DPSCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $17K | 28.02% |
| GOLDMAN SACHS & CO. LLC | $16K | 25.78% |
| MORGAN STANLEY & CO. LLC | $15K | 23.84% |
| J.P. MORGAN SECURITIES LLC | $7K | 11.41% |
| CREDIT SUISSE SECURITIES (USA) LLC | $7K | 10.95% |
DPSCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $60.6M | 29.48% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $56.3M | 27.40% |
| MORGAN STANLEY & CO. LLC | $41.3M | 20.08% |
| J.P. MORGAN SECURITIES LLC | $24.8M | 12.08% |
| CREDIT SUISSE SECURITIES (USA) LLC | $22.5M | 10.96% |
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.