DQICX Fees and Costs — BNY Mellon Equity Income Fund, Class C
Data updated: 2026-09-25
The net expense ratio is 1.78%: a 0.70% management fee, a 0.75% 12b-1 fee plus 0.35% other expenses, less a 0.02% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $226K in broker commissions, 0.0115% of average net assets, and portfolio turnover was 28%.
DQICX Fees and Expenses
Annual operating expenses and sales charges of DQICX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.80% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.78% |
| 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 |
DQICX Costs Over Time
On $10,000 invested in DQICX, assuming 5% a year before costs, total costs come to $1,103 over 5 years, cutting the return by 1.88% 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 1.78%) | $187 | $578 | $995 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $291 | $611 | $1,103 |
| Value after costs | $10,209 | $10,965 | $11,660 |
| Impact on return, per year | 2.91% | 1.88% | 1.88% |
DQICX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0115%
- Total broker commissions: $226K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $12.4M
- Net income from securities lending: $17K (0.001% of average net assets)
DQICX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER & CO. | $87K | 38.54% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $38K | 16.82% |
| GOLDMAN SACHS & CO. LLC | $33K | 14.87% |
| TD SECURITIES (USA) LLC | $33K | 14.73% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $14K | 6.32% |
| KEYBANC CAPITAL MARKETS, INC. | $9K | 3.95% |
| J.P. MORGAN SECURITIES LLC | $7K | 3.09% |
| Virtu Financial Capital Markets LLC | $2K | 0.88% |
| RBC CAPITAL MARKETS, LLC | $1K | 0.51% |
| JEFFERIES LLC | $640 | 0.28% |
DQICX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER & CO. | $566.8M | 46.65% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $239.3M | 19.69% |
| GOLDMAN SACHS & CO. LLC | $178.0M | 14.65% |
| J.P. MORGAN SECURITIES LLC | $76.5M | 6.30% |
| TD SECURITIES (USA) LLC | $64.8M | 5.33% |
| KEYBANC CAPITAL MARKETS, INC. | $29.3M | 2.41% |
| VIRTUS CAPITAL MARKETS LLC | $20.8M | 1.71% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $14.7M | 1.21% |
| JEFFERIES LLC | $14.6M | 1.20% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $10.3M | 0.84% |
BNY Mellon Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DQIYX | Class Y | 0.75% | none |
| DQIRX | Class I | 0.78% | none |
| DQIAX | Class A | 1.02% | 5.75% |
| DQICX | Class C | 1.78% | 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.