PTPAX Fees and Costs — BNY Mellon Pennsylvania Fund, Class A
Data updated: 2023-02-27
The net expense ratio is 0.93%: a 0.55% management fee plus 0.48% other expenses, less a 0.10% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 15%.
PTPAX Fees and Expenses
Annual operating expenses and sales charges of PTPAX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.03% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PTPAX Costs Over Time
On $10,000 invested in PTPAX, assuming 5% a year before costs, total costs come to $1,131 over 5 years, cutting the return by 1.93% 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 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.93%) | $93 | $291 | $505 |
| Lost growth on money paid in costs | $23 | $85 | $175 |
| Total costs | $566 | $827 | $1,131 |
| Value after costs | $9,934 | $10,750 | $11,632 |
| Impact on return, per year | 5.66% | 2.56% | 1.93% |
PTPAX 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): $38.8M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
PTPAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $8.5M | 27.38% |
| BARCLAYS CAPITAL INC. | $3.9M | 12.59% |
| WELLS FARGO SECURITIES, LLC | $3.5M | 11.18% |
| FIFTH THIRD SECURITIES, INC. | $3.4M | 10.85% |
| UBS SECURITIES LLC | $2.8M | 8.92% |
| JANNEY MONTGOMERY SCOTT LLC | $2.3M | 7.33% |
| HERBERT J. SIMS & CO. INC. | $2.0M | 6.40% |
| GOLDMAN SACHS & CO. LLC | $1.8M | 5.86% |
| MORGAN STANLEY & CO. LLC | $1.6M | 5.07% |
| HEADLANDS TECH GLOBAL MARKETS, LLC | $1.4M | 4.42% |
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.