PMAZX Fees and Costs — BNY Mellon Massachusetts Fund, Class Z
Data updated: 2023-02-27
The net expense ratio is 0.77%: a 0.55% management fee plus 0.22% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 8%.
PMAZX Fees and Expenses
Annual operating expenses and sales charges of PMAZX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.77% |
| Fee waiver | — |
| Net expense ratio | 0.77% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PMAZX Costs Over Time
On $10,000 invested in PMAZX, assuming 5% a year before costs, total costs come to $484 over 5 years, cutting the return by 0.81% 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 0.77%) | $81 | $253 | $440 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $81 | $265 | $484 |
| Value after costs | $10,419 | $11,311 | $12,279 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
PMAZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $21.6M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
PMAZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $4.8M | 24.50% |
| RBC CAPITAL MARKETS, LLC | $4.0M | 20.15% |
| WELLS FARGO SECURITIES, LLC | $2.5M | 12.61% |
| BARCLAYS CAPITAL INC. | $2.3M | 11.82% |
| B. C. ZIEGLER AND COMPANY | $2.1M | 10.93% |
| MORGAN STANLEY & CO. LLC | $1.2M | 6.02% |
| JEFFERIES LLC | $1.1M | 5.36% |
| INTL FCSTONE FINANCIAL INC. | $580K | 2.95% |
| OPPENHEIMER & CO. INC. | $572K | 2.91% |
| JANNEY MONTGOMERY SCOTT LLC | $540K | 2.75% |
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.