MFOMX Fees and Costs — BNY Mellon Focused Equity Opportunities Fund, Class M
Data updated: 2023-07-27
The net expense ratio is 0.88%: a 0.70% management fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $140K in broker commissions, 0.0333% of average net assets, and portfolio turnover was 44%.
MFOMX Fees and Expenses
Annual operating expenses and sales charges of MFOMX. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 0.18% |
| Gross expense ratio | 0.88% |
| Fee waiver | — |
| Net expense ratio | 0.88% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MFOMX Costs Over Time
On $10,000 invested in MFOMX, assuming 5% a year before costs, total costs come to $572 over 5 years, cutting the return by 0.96% 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 0.88%) | $92 | $289 | $501 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $314 | $572 |
| Value after costs | $10,404 | $11,262 | $12,191 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
MFOMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0333%
- Total broker commissions: $140K
- Bought from dealers (principal trades, not a cost): $474.8M
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: $312K
- Net income from securities lending: $420 (0.000% of average net assets)
MFOMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $35K | 25.82% |
| INSTINET, LLC | $27K | 20.01% |
| J.P. MORGAN SECURITIES LLC | $25K | 18.14% |
| MORGAN STANLEY & CO. LLC | $15K | 11.43% |
| HILLTOP SECURITIES INC. | $13K | 9.76% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $6K | 4.75% |
| COWEN AND COMPANY | $5K | 3.38% |
| RBC CAPITAL MARKETS, LLC | $4K | 2.71% |
| ITG INC. | $3K | 2.00% |
| UBS SECURITIES LLC | $3K | 1.99% |
MFOMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $129.3M | 28.69% |
| INSTINET, LLC | $102.5M | 22.74% |
| J.P. MORGAN SECURITIES LLC | $81.9M | 18.18% |
| HILLTOP SECURITIES INC. | $31.0M | 6.87% |
| MORGAN STANLEY & CO. LLC | $28.6M | 6.34% |
| RBC CAPITAL MARKETS, LLC | $17.8M | 3.95% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $15.9M | 3.54% |
| COWEN AND COMPANY | $15.6M | 3.45% |
| DEUTSCHE BANK SECURITIES INC. | $14.1M | 3.14% |
| UBS SECURITIES LLC | $13.9M | 3.10% |
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.