MLIIX Fees and Costs — BNY Mellon International Equity Income Fund, Investor Shares
Data updated: 2024-01-30
The net expense ratio is 1.87%: a 0.85% management fee plus 1.02% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $33K in broker commissions, 0.0840% of average net assets, and portfolio turnover was 57%.
MLIIX Fees and Expenses
Annual operating expenses and sales charges of MLIIX. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 1.02% |
| Gross expense ratio | 1.87% |
| Fee waiver | — |
| Net expense ratio | 1.87% |
| 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 |
MLIIX Costs Over Time
On $10,000 invested in MLIIX, assuming 5% a year before costs, total costs come to $1,199 over 5 years, cutting the return by 2.05% 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 1.87%) | $196 | $607 | $1,041 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $32 | $111 |
| Total costs | $205 | $665 | $1,199 |
| Value after costs | $10,295 | $10,911 | $11,564 |
| Impact on return, per year | 2.05% | 2.05% | 2.05% |
MLIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0840%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $72.5M
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $568K
- Net income from securities lending: $3K (0.007% of average net assets)
MLIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $21K | 64.05% |
| J.P. MORGAN SECURITIES LLC | $11K | 34.61% |
| MORGAN STANLEY & CO. LLC | $380 | 1.16% |
| GOLDMAN SACHS & CO. LLC | $61 | 0.19% |
MLIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $45.7M | 63.05% |
| J.P. MORGAN SECURITIES LLC | $25.4M | 35.03% |
| MORGAN STANLEY & CO. LLC | $965K | 1.33% |
| GOLDMAN SACHS & CO. LLC | $428K | 0.59% |
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.