DSPIX Fees and Costs — BNY Mellon Institutional S&P 500 Stock Index Fund, Class I
Data updated: 2026-09-24
The net expense ratio is 0.21%: a 0.20% management fee plus 0.02% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $20K in broker commissions, 0.0012% of average net assets, and portfolio turnover was 3%.
DSPIX Fees and Expenses
Annual operating expenses and sales charges of DSPIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.22% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.21% |
| 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 |
DSPIX Costs Over Time
On $10,000 invested in DSPIX, assuming 5% a year before costs, total costs come to $134 over 5 years, cutting the return by 0.22% 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 0.21%) | $22 | $69 | $121 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $73 | $134 |
| Value after costs | $10,478 | $11,503 | $12,629 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
DSPIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0012%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $614.3M
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $2K (0.000% of average net assets)
DSPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $5K | 29.58% |
| GOLDMAN SACHS & CO. LLC | $2K | 13.40% |
| J.P. MORGAN SECURITIES LLC | $2K | 11.68% |
| MORGAN STANLEY & CO. LLC | $2K | 10.92% |
| Virtu Financial Capital Markets LLC | $2K | 10.65% |
| TD SECURITIES (USA) LLC | $1K | 5.60% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $899 | 5.03% |
| Piper Jaffray & Co. | $871 | 4.87% |
| RBC CAPITAL MARKETS, LLC | $777 | 4.34% |
| CITIGROUP GLOBAL MARKETS INC. | $702 | 3.93% |
DSPIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $91.6M | 17.67% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $86.9M | 16.76% |
| GOLDMAN SACHS & CO. LLC | $69.9M | 13.48% |
| J.P. Morgan Securities LLC | $44.8M | 8.64% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $43.2M | 8.34% |
| PIPER SANDLER & CO. | $38.9M | 7.50% |
| RBC CAPITAL MARKETS, LLC | $37.5M | 7.24% |
| TD SECURITIES (USA) LLC | $36.3M | 7.00% |
| MORGAN STANLEY & CO. LLC | $36.2M | 6.98% |
| BARCLAYS CAPITAL, INC. | $33.1M | 6.39% |
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.