MPMCX Fees and Costs — BNY Mellon Mid Cap Multi-Strategy Fund, Class M
Data updated: 2026-04-24
The net expense ratio is 0.95%: a 0.75% management fee plus 0.20% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $404K in broker commissions, 0.0445% of average net assets, and portfolio turnover was 46%.
MPMCX Fees and Expenses
Annual operating expenses and sales charges of MPMCX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.20% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| 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 |
MPMCX Costs Over Time
On $10,000 invested in MPMCX, assuming 5% a year before costs, total costs come to $622 over 5 years, cutting the return by 1.04% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $342 | $622 |
| Value after costs | $10,396 | $11,234 | $12,141 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
MPMCX 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): 0.0445%
- Total broker commissions: $404K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $29.7M
- Net income from securities lending: $61K (0.007% of average net assets)
MPMCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $37K | 13.96% |
| Strategas Securities, LLC | $37K | 13.85% |
| J.P. Morgan Securities LLC | $37K | 13.70% |
| WELLS FARGO SECURITIES, LLC | $35K | 13.20% |
| MORGAN STANLEY & CO. LLC | $25K | 9.49% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $21K | 7.90% |
| Robert W. Baird & Co. Incorporated | $19K | 7.25% |
| TD SECURITIES (USA) LLC | $19K | 7.03% |
| PIPER SANDLER & CO. | $18K | 6.92% |
| Stifel, Nicolaus & Company, Incorporated | $18K | 6.70% |
MPMCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $148.2M | 14.24% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $132.0M | 12.68% |
| GOLDMAN SACHS & CO. LLC | $120.7M | 11.59% |
| J.P. Morgan Securities LLC | $110.2M | 10.58% |
| MORGAN STANLEY & CO. LLC | $109.7M | 10.53% |
| Strategas Securities, LLC | $107.8M | 10.36% |
| WELLS FARGO SECURITIES, LLC | $95.1M | 9.14% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $82.4M | 7.91% |
| RBC CAPITAL MARKETS, LLC | $76.3M | 7.33% |
| Robert W. Baird & Co. Incorporated | $58.9M | 5.65% |
BNY Mellon Mid Cap Multi-Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MPMCX | Class M | 0.95% | — |
| MIMSX | Investor Shares | 1.20% | — |
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.