MOTIX Fees and Costs — BNY Mellon Municipal Opportunities Fund, Investor Class
Data updated: 2026-01-26
The net expense ratio is 0.96%: a 0.50% management fee plus 0.46% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0004% of average net assets, and portfolio turnover was 45%.
MOTIX Fees and Expenses
Annual operating expenses and sales charges of MOTIX. Prospectus, as of August 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.46% |
| Gross expense ratio | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| 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 |
MOTIX Costs Over Time
On $10,000 invested in MOTIX, assuming 5% a year before costs, total costs come to $601 over 5 years, cutting the return by 1.01% 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 0.96%) | $101 | $315 | $546 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $330 | $601 |
| Value after costs | $10,399 | $11,246 | $12,162 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
MOTIX 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): 0.0004%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $2.1B
- Portfolio turnover (prospectus): 45%
- Securities lending: none during the year
MOTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $7K | 100.00% |
MOTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $394.7M | 23.26% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $359.3M | 21.17% |
| MORGAN STANLEY & CO. LLC | $163.9M | 9.66% |
| WELLS FARGO SECURITIES, LLC | $146.8M | 8.65% |
| PIPER SANDLER & CO. | $138.2M | 8.15% |
| BMO CAPITAL MARKETS CORP | $138.0M | 8.13% |
| J.P. Morgan Securities LLC | $119.9M | 7.07% |
| GOLDMAN SACHS & CO. LLC | $98.2M | 5.79% |
| Loop Capital Markets LLC | $89.0M | 5.25% |
| BNP PARIBAS SECURITIES CORP. | $48.9M | 2.88% |
BNY Mellon Municipal Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MOTMX | Class M | 0.72% | — |
| MOTIX | Investor Class | 0.96% | — |
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.