DVLIX Fees and Costs — BNY Mellon Opportunistic Midcap Value Fund, Class I
Data updated: 2026-07-24
The net expense ratio is 0.98%: a 0.75% management fee plus 0.23% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $251K in broker commissions, 0.0644% of average net assets, and portfolio turnover was 65%.
DVLIX Fees and Expenses
Annual operating expenses and sales charges of DVLIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.98% |
| Fee waiver | — |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DVLIX Costs Over Time
On $10,000 invested in DVLIX, assuming 5% a year before costs, total costs come to $653 over 5 years, cutting the return by 1.10% 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 0.98%) | $103 | $321 | $556 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $359 | $653 |
| Value after costs | $10,390 | $11,217 | $12,110 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
DVLIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0644%
- Total broker commissions: $251K
- Bought from dealers (principal trades, not a cost): $531.4M
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $11.7M
- Net income from securities lending: $170K (0.044% of average net assets)
DVLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $32K | 16.23% |
| PIPER SANDLER & CO. | $25K | 12.75% |
| KEYBANC CAPITAL MARKETS, INC. | $24K | 12.28% |
| RAYMOND JAMES FINANCIAL SERVICES, INC. | $20K | 10.35% |
| Stifel, Nicolaus & Company, Incorporated | $19K | 9.70% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $19K | 9.61% |
| J.P. Morgan Securities LLC | $16K | 8.22% |
| LEERINK PARTNERS LLC | $14K | 7.31% |
| MORGAN STANLEY & CO. LLC | $14K | 7.03% |
| TD SECURITIES (USA) LLC | $13K | 6.51% |
DVLIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $74.0M | 17.73% |
| JEFFERIES LLC | $57.9M | 13.86% |
| MORGAN STANLEY & CO. LLC | $51.6M | 12.36% |
| Stifel, Nicolaus & Company, Incorporated | $43.4M | 10.40% |
| KEYBANC CAPITAL MARKETS, INC. | $43.2M | 10.33% |
| PIPER SANDLER & CO. | $40.5M | 9.70% |
| J.P. Morgan Securities LLC | $30.1M | 7.20% |
| WELLS FARGO SECURITIES, LLC | $29.7M | 7.11% |
| GOLDMAN SACHS & CO. LLC | $28.6M | 6.84% |
| TD SECURITIES (USA) LLC | $18.6M | 4.46% |
BNY Mellon Opportunistic Midcap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DMCYX | Class Y | 0.86% | none |
| DVLIX | Class I | 0.98% | none |
| DMCVX | Class A | 1.16% | 5.75% |
| DVLCX | Class C | 1.99% | none |
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.