MPNIX Fees and Costs — BNY Mellon National Intermediate Municipal Bond Fund, Class M
Data updated: 2026-01-26
The net expense ratio is 0.53%: a 0.35% management fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $323 in broker commissions, and portfolio turnover was 66%.
MPNIX Fees and Expenses
Annual operating expenses and sales charges of MPNIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.18% |
| Gross expense ratio | 0.53% |
| Fee waiver | — |
| Net expense ratio | 0.53% |
| 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 |
MPNIX Costs Over Time
On $10,000 invested in MPNIX, assuming 5% a year before costs, total costs come to $335 over 5 years, cutting the return by 0.56% 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 0.53%) | $56 | $174 | $304 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $183 | $335 |
| Value after costs | $10,444 | $11,393 | $12,428 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
MPNIX 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: $323
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
MPNIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $323 | 100.00% |
MPNIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $486.4M | 23.49% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $382.0M | 18.45% |
| J.P. Morgan Securities LLC | $232.9M | 11.25% |
| PIPER SANDLER & CO. | $175.2M | 8.46% |
| MORGAN STANLEY & CO. LLC | $166.1M | 8.02% |
| WELLS FARGO SECURITIES, LLC | $165.1M | 7.97% |
| BARCLAYS CAPITAL, INC. | $143.7M | 6.94% |
| RBC CAPITAL MARKETS, LLC | $135.7M | 6.55% |
| GOLDMAN SACHS & CO. LLC | $101.4M | 4.90% |
| BMO CAPITAL MARKETS CORP | $82.1M | 3.96% |
BNY Mellon National 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 |
|---|---|---|---|
| MPNIX | Class M | 0.53% | — |
| MINMX | Investor Shares | 0.78% | — |
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.