DSGAX Fees and Costs — BNY Mellon Select Managers Small Cap Growth Fund, Class A
Data updated: 2024-08-05
The net expense ratio is 1.30%: a 0.90% management fee plus 0.55% other expenses, less a 0.15% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $278K in broker commissions, 0.1610% of average net assets, and portfolio turnover was 91%.
DSGAX Fees and Expenses
Annual operating expenses and sales charges of DSGAX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.45% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.30% |
| 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 |
DSGAX Costs Over Time
On $10,000 invested in DSGAX, assuming 5% a year before costs, total costs come to $1,587 over 5 years, cutting the return by 2.75% 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 1.30%) | $129 | $399 | $689 |
| Trading costs (broker commissions) | $16 | $49 | $85 |
| Lost growth on money paid in costs | $29 | $113 | $237 |
| Total costs | $748 | $1,137 | $1,587 |
| Value after costs | $9,752 | $10,439 | $11,176 |
| Impact on return, per year | 7.48% | 3.56% | 2.75% |
DSGAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1610%
- Total broker commissions: $278K
- Bought from dealers (principal trades, not a cost): $417.0M
- Portfolio turnover (prospectus): 91%
- Securities on loan, average value: $7.8M
- Net income from securities lending: $36K (0.021% of average net assets)
DSGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| B. RILEY & CO., LLC | $30K | 20.06% |
| ROBERT W. BAIRD & CO. INCORPORATED | $24K | 16.11% |
| INSTINET, LLC | $19K | 12.68% |
| GOLDMAN SACHS & CO. LLC | $16K | 10.61% |
| TD SECURITIES (USA) LLC | $14K | 9.42% |
| RAYMOND JAMES & ASSOCIATES, INC. | $10K | 6.83% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $10K | 6.72% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $9K | 6.01% |
| NEEDHAM & COMPANY, LLC | $9K | 5.81% |
| MORGAN STANLEY & CO. LLC | $9K | 5.75% |
DSGAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $57.7M | 21.65% |
| B. RILEY & CO., LLC | $38.5M | 14.44% |
| GOLDMAN SACHS & CO. LLC | $34.0M | 12.77% |
| ROBERT W. BAIRD & CO. INCORPORATED | $33.3M | 12.48% |
| TD SECURITIES (USA) LLC | $30.5M | 11.45% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $20.2M | 7.59% |
| RAYMOND JAMES & ASSOCIATES, INC. | $14.4M | 5.39% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $13.5M | 5.05% |
| MORGAN STANLEY & CO. LLC | $13.3M | 4.99% |
| OPPENHEIMER & CO. INC. | $11.2M | 4.21% |
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.