DYAPX Fees and Costs — BNY Mellon International Small Cap Fund, Class A
Data updated: 2022-06-28
The net expense ratio is 1.25%: a 1.00% management fee plus 0.60% other expenses, less a 0.35% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2021 the fund paid $432K in broker commissions, 0.1050% of average net assets, and portfolio turnover was 80%.
DYAPX Fees and Expenses
Annual operating expenses and sales charges of DYAPX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.60% |
| Fee waiver | −0.35% |
| Net expense ratio | 1.25% |
| 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 |
DYAPX Costs Over Time
On $10,000 invested in DYAPX, assuming 5% a year before costs, total costs come to $1,527 over 5 years, cutting the return by 2.64% 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 1.25%) | $124 | $385 | $664 |
| Trading costs (broker commissions) | $10 | $32 | $56 |
| Lost growth on money paid in costs | $29 | $111 | $232 |
| Total costs | $738 | $1,103 | $1,527 |
| Value after costs | $9,762 | $10,473 | $11,236 |
| Impact on return, per year | 7.38% | 3.45% | 2.64% |
DYAPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1050%
- Total broker commissions: $432K
- Bought from dealers (principal trades, not a cost): $966.9M
- Portfolio turnover (prospectus): 80%
- Securities lending: none during the year
DYAPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $106K | 25.78% |
| HSBC SECURITIES (USA) INC. | $92K | 22.52% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $87K | 21.20% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $52K | 12.63% |
| CREDIT SUISSE SECURITIES (USA) LLC | $30K | 7.26% |
| GOLDMAN SACHS & CO. LLC | $20K | 4.84% |
| MORGAN STANLEY & CO. LLC | $9K | 2.11% |
| RBC CAPITAL MARKETS, LLC | $7K | 1.59% |
| KEEFE, BRUYETTE & WOODS, INC. | $5K | 1.14% |
| BMO NESBITT BURNS SECURITIES LTD. | $4K | 0.93% |
DYAPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $253.3M | 26.90% |
| J.P. MORGAN SECURITIES LLC | $228.2M | 24.23% |
| HSBC SECURITIES (USA) INC. | $205.5M | 21.82% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $156.3M | 16.59% |
| CREDIT SUISSE SECURITIES (USA) LLC | $51.9M | 5.51% |
| GOLDMAN SACHS & CO. LLC | $18.3M | 1.94% |
| RBC CAPITAL MARKETS, LLC | $9.6M | 1.02% |
| MORGAN STANLEY & CO. LLC | $7.2M | 0.76% |
| LIQUIDNET, INC. | $6.3M | 0.67% |
| BMO NESBITT BURNS SECURITIES LTD. | $5.3M | 0.56% |
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.