DSDAX Fees and Costs — BNY Mellon Tax Sensitive Total Return Bond Fund, Class A
Data updated: 2023-02-24
The net expense ratio is 0.75%: a 0.40% management fee plus 0.60% other expenses, less a 0.25% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 12%.
DSDAX Fees and Expenses
Annual operating expenses and sales charges of DSDAX. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
DSDAX Costs Over Time
On $10,000 invested in DSDAX, assuming 5% a year before costs, total costs come to $1,025 over 5 years, cutting the return by 1.74% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.75%) | $75 | $235 | $409 |
| Lost growth on money paid in costs | $22 | $83 | $166 |
| Total costs | $548 | $768 | $1,025 |
| Value after costs | $9,952 | $10,808 | $11,738 |
| Impact on return, per year | 5.48% | 2.37% | 1.74% |
DSDAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $12.3M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
DSDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $1.9M | 15.89% |
| MORGAN STANLEY & CO. LLC | $1.5M | 12.57% |
| CITIGROUP GLOBAL MARKETS INC. | $1.4M | 11.60% |
| HEADLANDS TECH GLOBAL MARKETS, LLC | $1.4M | 11.59% |
| JEFFERIES LLC | $1.1M | 9.49% |
| D.A. DAVIDSON & CO. | $1.0M | 8.94% |
| WELLS FARGO SECURITIES, LLC | $1.0M | 8.61% |
| B. C. ZIEGLER AND COMPANY | $1.0M | 8.61% |
| RBC CAPITAL MARKETS, LLC | $882K | 7.56% |
| PIPER JAFFRAY & CO. | $600K | 5.14% |
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.