DTCIX Fees and Costs — BNY Mellon Connecticut Fund, Class I
Data updated: 2023-02-27
The net expense ratio is 0.62%: a 0.55% management fee plus 0.17% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 19%.
DTCIX Fees and Expenses
Annual operating expenses and sales charges of DTCIX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.72% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.62% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
DTCIX Costs Over Time
On $10,000 invested in DTCIX, assuming 5% a year before costs, total costs come to $391 over 5 years, cutting the return by 0.65% 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 0.62%) | $65 | $204 | $355 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $391 |
| Value after costs | $10,435 | $11,362 | $12,372 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
DTCIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $39.1M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
DTCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $9.9M | 26.31% |
| MORGAN STANLEY & CO. LLC | $8.4M | 22.13% |
| BARCLAYS CAPITAL INC. | $5.2M | 13.66% |
| RAYMOND JAMES & ASSOCIATES, INC. | $4.9M | 12.88% |
| GOLDMAN SACHS & CO. LLC | $3.0M | 8.07% |
| JANNEY MONTGOMERY SCOTT LLC | $1.5M | 4.05% |
| WELLS FARGO SECURITIES, LLC | $1.5M | 4.00% |
| PIPER JAFFRAY & CO. | $1.2M | 3.18% |
| CITIGROUP GLOBAL MARKETS INC. | $1.1M | 2.88% |
| SAMUEL A RAMIREZ & CO., INC. | $1.1M | 2.82% |
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.