DRAYX Fees and Costs — BNY Mellon Sustainable Balanced Fund, Class K
Data updated: 2023-01-04
The net expense ratio is 0.15%: a 0.11% management fee plus 1.23% other expenses, less a 1.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2K in broker commissions, 0.0103% of average net assets, and portfolio turnover was 89%.
DRAYX Fees and Expenses
Annual operating expenses and sales charges of DRAYX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.11% |
| 12b-1 fee | — |
| Other expenses | 1.23% |
| Gross expense ratio | 1.34% |
| Fee waiver | −1.19% |
| Net expense ratio | 0.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DRAYX Costs Over Time
On $10,000 invested in DRAYX, assuming 5% a year before costs, total costs come to $102 over 5 years, cutting the return by 0.17% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $17 | $56 | $102 |
| Value after costs | $10,483 | $11,521 | $12,661 |
| Impact on return, per year | 0.17% | 0.17% | 0.17% |
DRAYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0103%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $29.5M
- Portfolio turnover (prospectus): 89%
- Securities lending: none during the year
DRAYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $681 | 44.22% |
| MORGAN STANLEY & CO. LLC | $376 | 24.42% |
| UBS SECURITIES LLC | $99 | 6.43% |
| J.P. MORGAN SECURITIES LLC | $84 | 5.45% |
| CLSA AMERICAS, LLC | $67 | 4.35% |
| EXANE, INC. | $66 | 4.29% |
| COWEN EXECUTION SERVICES LLC | $61 | 3.96% |
| MIZUHO SECURITIES USA LLC | $51 | 3.31% |
| GOLDMAN SACHS & CO. LLC | $35 | 2.27% |
| LIQUIDNET, INC. | $20 | 1.30% |
DRAYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $7.0M | 25.18% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $5.1M | 18.23% |
| MORGAN STANLEY & CO. LLC | $4.4M | 15.74% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $2.8M | 9.88% |
| GOLDMAN SACHS & CO. LLC | $2.6M | 9.33% |
| J.P. MORGAN SECURITIES LLC | $2.3M | 8.38% |
| WELLS FARGO SECURITIES, LLC | $1.9M | 6.80% |
| BARCLAYS CAPITAL INC. | $1.0M | 3.69% |
| UBS SECURITIES LLC | $567K | 2.03% |
| CITADEL SECURITIES LLC | $207K | 0.74% |
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.