GPNCX Fees and Costs — BNY Mellon U.S. Mortgage Fund, Inc., Class C
Data updated: 2025-03-25
The net expense ratio is 1.55%: a 0.50% management fee, a 0.75% 12b-1 fee plus 0.69% other expenses, less a 0.39% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 236%.
GPNCX Fees and Expenses
Annual operating expenses and sales charges of GPNCX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.94% |
| Fee waiver | −0.39% |
| Net expense ratio | 1.55% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GPNCX Costs Over Time
On $10,000 invested in GPNCX, assuming 5% a year before costs, total costs come to $959 over 5 years, cutting the return by 1.63% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.55%) | $163 | $505 | $871 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $266 | $530 | $959 |
| Value after costs | $10,234 | $11,046 | $11,804 |
| Impact on return, per year | 2.66% | 1.63% | 1.63% |
GPNCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 236%
- Securities lending: none during the year
GPNCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $499.6M | 49.52% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $267.2M | 26.49% |
| J.P. MORGAN SECURITIES LLC | $86.5M | 8.57% |
| WELLS FARGO SECURITIES, LLC | $72.2M | 7.16% |
| GOLDMAN SACHS & CO. LLC | $56.6M | 5.61% |
| BREAN CAPITAL, LLC | $17.3M | 1.72% |
| MIZUHO SECURITIES USA LLC | $4.7M | 0.47% |
| STEPHENS INC. | $2.8M | 0.28% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $1.8M | 0.18% |
| BARCLAYS CAPITAL INC. | $139K | 0.01% |
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.