DYPEX Fees and Costs — BNY Mellon Emerging Markets Securities Fund, Class Y
Data updated: 2022-08-08
The net expense ratio is 1.50%: a 1.25% management fee plus 0.46% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $92K in broker commissions, 0.1134% of average net assets, and portfolio turnover was 69%.
DYPEX Fees and Expenses
Annual operating expenses and sales charges of DYPEX. Prospectus, as of May 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.71% |
| Fee waiver | −0.21% |
| Net expense ratio | 1.50% |
| 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 |
DYPEX Costs Over Time
On $10,000 invested in DYPEX, assuming 5% a year before costs, total costs come to $997 over 5 years, cutting the return by 1.69% 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 1.50%) | $158 | $488 | $841 |
| Trading costs (broker commissions) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $169 | $551 | $997 |
| Value after costs | $10,331 | $11,025 | $11,766 |
| Impact on return, per year | 1.69% | 1.69% | 1.69% |
DYPEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1134%
- Total broker commissions: $92K
- Bought from dealers (principal trades, not a cost): $120.0M
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $5K
- Net income from securities lending: $6 (0.000% of average net assets)
DYPEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $45K | 48.65% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $24K | 25.72% |
| HSBC SECURITIES (USA) INC. | $13K | 13.73% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $7K | 7.87% |
| CREDIT SUISSE SECURITIES (USA) LLC | $3K | 2.86% |
| NATIONAL FINANCIAL SERVICES LLC | $820 | 0.89% |
| PIPER JAFFRAY & CO. | $123 | 0.13% |
| LIQUIDNET, INC. | $68 | 0.07% |
| JEFFERIES LLC | $52 | 0.06% |
DYPEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $46.3M | 38.60% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $31.0M | 25.86% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $23.5M | 19.56% |
| HSBC SECURITIES (USA) INC. | $14.4M | 11.96% |
| NATIONAL FINANCIAL SERVICES LLC | $2.0M | 1.64% |
| CREDIT SUISSE SECURITIES (USA) LLC | $1.8M | 1.46% |
| JEFFERIES LLC | $896K | 0.75% |
| LIQUIDNET, INC. | $114K | 0.09% |
| PIPER JAFFRAY & CO. | $103K | 0.09% |
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.