MPSTX Fees and Costs — BNY Mellon National Short-Term Municipal Bond Fund, Class M
Data updated: 2026-01-26
The net expense ratio is 0.44%: a 0.35% management fee plus 0.21% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 88%.
MPSTX Fees and Expenses
Annual operating expenses and sales charges of MPSTX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.21% |
| Gross expense ratio | 0.56% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.44% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MPSTX Costs Over Time
On $10,000 invested in MPSTX, assuming 5% a year before costs, total costs come to $278 over 5 years, cutting the return by 0.46% 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 0.44%) | $46 | $145 | $253 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $152 | $278 |
| Value after costs | $10,454 | $11,424 | $12,484 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
MPSTX 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): $859.8M
- Portfolio turnover (prospectus): 88%
- Securities lending: none during the year
MPSTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $213.0M | 31.22% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $160.3M | 23.49% |
| J.P. Morgan Securities LLC | $58.3M | 8.55% |
| WELLS FARGO SECURITIES, LLC | $51.9M | 7.61% |
| MORGAN STANLEY & CO. LLC | $47.5M | 6.96% |
| BARCLAYS CAPITAL, INC. | $34.7M | 5.09% |
| RBC CAPITAL MARKETS, LLC | $33.5M | 4.91% |
| Loop Capital Markets LLC | $29.0M | 4.25% |
| PIPER SANDLER & CO. | $27.0M | 3.96% |
| BMO CAPITAL MARKETS CORP | $26.9M | 3.95% |
BNY Mellon National Short-Term 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 |
|---|---|---|---|
| MPSTX | Class M | 0.44% | — |
| MINSX | Investor Shares | 0.69% | — |
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.