MIBLX Fees and Costs — BNY Mellon Asset Allocation Fund, Investor Shares
Data updated: 2026-07-31
The net expense ratio is 1.12% (1.15% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 27%.
MIBLX Fees and Expenses
Annual operating expenses and sales charges of MIBLX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 0.39% |
| Gross expense ratio | 1.15% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.12% |
| 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 |
MIBLX Costs Over Time
On $10,000 invested in MIBLX, assuming 5% a year before costs, total costs come to $700 over 5 years, cutting the return by 1.18% 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 1.12%) | $118 | $366 | $635 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $118 | $385 | $700 |
| Value after costs | $10,382 | $11,191 | $12,062 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
MIBLX 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): 0.0024%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $89.6M
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $5.4M
- Net income from securities lending: $8K (0.002% of average net assets)
MIBLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $3K | 31.47% |
| Strategas Securities, LLC | $3K | 28.25% |
| UBS Securities LLC | $2K | 17.05% |
| J.P. Morgan Securities LLC | $2K | 16.16% |
| TD SECURITIES (USA) LLC | $610 | 5.70% |
| BARCLAYS CAPITAL, INC. | $147 | 1.37% |
MIBLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $11.9M | 17.43% |
| STONEX FINANCIAL INC | $9.5M | 13.92% |
| Daiwa Capital Markets America, Inc. | $9.4M | 13.81% |
| UBS SECURITIES LLC | $6.5M | 9.59% |
| J.P. Morgan Securities LLC | $6.5M | 9.49% |
| Strategas Securities, LLC | $6.4M | 9.36% |
| TD SECURITIES (USA) LLC | $5.2M | 7.64% |
| HSBC SECURITIES (USA), INC. | $5.1M | 7.52% |
| Robert W. Baird & Co. Incorporated | $4.2M | 6.15% |
| CITADEL SECURITIES LLC | $3.5M | 5.08% |
BNY Mellon Asset Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MPBLX | Class M | 0.87% | — |
| MIBLX | Investor Shares | 1.12% | — |
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.