MMBIX Fees and Costs — BNY Mellon Massachusetts Intermediate Municipal Bond Fund, Investor Shares
Data updated: 2026-07-31
The net expense ratio is 0.88%: a 0.35% management fee plus 0.53% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 48%.
MMBIX Fees and Expenses
Annual operating expenses and sales charges of MMBIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.53% |
| 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 |
MMBIX Costs Over Time
On $10,000 invested in MMBIX, assuming 5% a year before costs, total costs come to $552 over 5 years, cutting the return by 0.92% 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 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $92 | $303 | $552 |
| Value after costs | $10,408 | $11,273 | $12,211 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
MMBIX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $159.6M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
MMBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $61.0M | 44.31% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $35.2M | 25.56% |
| MORGAN STANLEY & CO. LLC | $9.6M | 6.99% |
| RBC CAPITAL MARKETS, LLC | $8.2M | 5.93% |
| WELLS FARGO SECURITIES, LLC | $4.8M | 3.47% |
| BARCLAYS CAPITAL, INC. | $4.4M | 3.16% |
| HEADLANDS TECH GLOBAL MARKETS, LLC | $4.2M | 3.05% |
| CANTOR FITZGERALD & CO. | $3.7M | 2.67% |
| GOLDMAN SACHS & CO. LLC | $3.6M | 2.64% |
| J.P. Morgan Securities LLC | $3.1M | 2.22% |
BNY Mellon Massachusetts Intermediate Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MMBMX | Class M | 0.63% | — |
| MMBIX | Investor Shares | 0.88% | — |
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.