DPUAX Fees and Costs — BNY Mellon U.S. Equity Fund, Class A
Data updated: 2024-04-18
The net expense ratio is 1.16%: a 0.75% management fee plus 0.49% other expenses, less a 0.08% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2023 the fund paid $107K in broker commissions, 0.0343% of average net assets, and portfolio turnover was 5%.
DPUAX Fees and Expenses
Annual operating expenses and sales charges of DPUAX. Prospectus, as of March 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.24% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.16% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
DPUAX Costs Over Time
On $10,000 invested in DPUAX, assuming 5% a year before costs, total costs come to $1,435 over 5 years, cutting the return by 2.48% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.16%) | $115 | $357 | $619 |
| Trading costs (broker commissions) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $29 | $109 | $223 |
| Total costs | $722 | $1,052 | $1,435 |
| Value after costs | $9,778 | $10,524 | $11,328 |
| Impact on return, per year | 7.22% | 3.28% | 2.48% |
DPUAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0343%
- Total broker commissions: $107K
- Bought from dealers (principal trades, not a cost): $344.3M
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $3.5M
- Net income from securities lending: $5K (0.002% of average net assets)
DPUAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $26K | 25.03% |
| ROBERT W. BAIRD & CO. INCORPORATED | $19K | 17.98% |
| ATLANTIC - PACIFIC CAPITAL, INC. | $17K | 16.47% |
| REDBURN (USA) LLC | $8K | 7.95% |
| PAVILION GLOBAL MARKETS LTD. | $8K | 7.29% |
| SANFORD C. BERNSTEIN & CO., LLC | $7K | 6.53% |
| RBC CAPITAL MARKETS, LLC | $6K | 5.87% |
| JEFFERIES LLC | $5K | 5.16% |
| LIQUIDNET, INC. | $5K | 4.52% |
| INSTINET, LLC | $3K | 3.19% |
DPUAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $87.8M | 25.94% |
| ROBERT W. BAIRD & CO. INCORPORATED | $63.1M | 18.63% |
| ATLANTIC - PACIFIC CAPITAL, INC. | $57.8M | 17.07% |
| REDBURN (USA) LLC | $27.9M | 8.24% |
| PAVILION GLOBAL MARKETS LTD. | $25.6M | 7.55% |
| RBC CAPITAL MARKETS, LLC | $20.6M | 6.08% |
| JEFFERIES LLC | $18.1M | 5.35% |
| SANFORD C. BERNSTEIN & CO., LLC | $14.6M | 4.30% |
| LIQUIDNET, INC. | $11.9M | 3.51% |
| INSTINET, LLC | $11.2M | 3.31% |
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.