MEMKX Fees and Costs — BNY Mellon Emerging Markets Fund, Class M
Data updated: 2026-07-31
The net expense ratio is 1.24%: a 1.15% management fee plus 0.34% other expenses, less a 0.25% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $177K in broker commissions, 0.0947% of average net assets, and portfolio turnover was 56%.
MEMKX Fees and Expenses
Annual operating expenses and sales charges of MEMKX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | — |
| Other expenses | 0.34% |
| Gross expense ratio | 1.49% |
| Fee waiver | −0.25% |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MEMKX Costs Over Time
On $10,000 invested in MEMKX, assuming 5% a year before costs, total costs come to $829 over 5 years, cutting the return by 1.40% 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 |
| Fund expenses (net expense ratio 1.24%) | $130 | $405 | $700 |
| Trading costs (broker commissions) | $10 | $31 | $53 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $457 | $829 |
| Value after costs | $10,360 | $11,119 | $11,934 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
MEMKX 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): 0.0947%
- Total broker commissions: $177K
- Bought from dealers (principal trades, not a cost): $253.5M
- Portfolio turnover (prospectus): 56%
- Securities on loan, average value: $2.3M
- Net income from securities lending: $4K (0.002% of average net assets)
MEMKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $28K | 16.90% |
| J.P. Morgan Securities LLC | $22K | 13.22% |
| UBS Securities LLC | $21K | 12.32% |
| CITIGROUP GLOBAL MARKETS INC. | $20K | 12.09% |
| CREDIT AGRICOLE SECURITIES (USA), INC. | $19K | 11.04% |
| HSBC SECURITIES (USA) INC. | $16K | 9.26% |
| JEFFERIES LLC | $13K | 8.03% |
| MACQUARIE CAPITAL (USA), INC. | $12K | 7.00% |
| MORGAN STANLEY & CO. LLC | $9K | 5.58% |
| TD SECURITIES (USA) LLC | $8K | 4.57% |
MEMKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $40.3M | 16.89% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $37.7M | 15.80% |
| UBS SECURITIES LLC | $37.3M | 15.61% |
| CitiGroup Global Markets Inc. | $35.7M | 14.96% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $19.4M | 8.13% |
| MORGAN STANLEY & CO. LLC | $16.7M | 7.01% |
| HSBC SECURITIES (USA), INC. | $16.7M | 6.98% |
| JEFFERIES LLC | $13.2M | 5.53% |
| Macquarie Capital (USA) Inc. | $12.6M | 5.28% |
| GOLDMAN SACHS & CO. LLC | $9.1M | 3.81% |
BNY Mellon Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MEMKX | Class M | 1.24% | — |
| MIEGX | Investor Shares | 1.49% | — |
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.