DTMGX Fees and Costs — BNY Mellon Tax Managed Growth Fund, Class A
Data updated: 2025-03-25
The net expense ratio is 1.11%: a 0.95% management fee, a 0.25% 12b-1 fee plus 0.02% other expenses, less a 0.11% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $10K in broker commissions, 0.0071% of average net assets, and portfolio turnover was 15%.
DTMGX Fees and Expenses
Annual operating expenses and sales charges of DTMGX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.11% |
| 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 |
DTMGX Costs Over Time
On $10,000 invested in DTMGX, assuming 5% a year before costs, total costs come to $1,391 over 5 years, cutting the return by 2.40% 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 1.11%) | $110 | $342 | $593 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $29 | $108 | $219 |
| Total costs | $714 | $1,027 | $1,391 |
| Value after costs | $9,786 | $10,549 | $11,372 |
| Impact on return, per year | 7.14% | 3.20% | 2.40% |
DTMGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0071%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $52.5M
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $5.1M
- Net income from securities lending: $18K (0.013% of average net assets)
DTMGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $3K | 32.07% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $3K | 28.92% |
| BARCLAYS CAPITAL, INC. | $2K | 17.26% |
| UBS Securities LLC | $1K | 14.21% |
| Stifel, Nicolaus & Company, Incorporated | $649 | 6.58% |
| JEFFERIES LLC | $94 | 0.95% |
DTMGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $18.3M | 34.90% |
| GOLDMAN SACHS & CO. LLC | $15.1M | 28.68% |
| UBS SECURITIES LLC | $7.7M | 14.70% |
| BARCLAYS CAPITAL, INC. | $6.3M | 12.07% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $4.6M | 8.75% |
| JEFFERIES LLC | $466K | 0.89% |
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.