RHCB Fees and Costs — BNY Mellon Responsible Horizons Corporate Bond ETF
Data updated: 2024-11-26
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $735 in broker commissions, 0.0033% of average net assets, and portfolio turnover was 57%.
RHCB Fees and Expenses
Annual operating expenses and sales charges of RHCB. Prospectus, as of June 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RHCB Costs Over Time
On $10,000 invested in RHCB, assuming 5% a year before costs, total costs come to $224 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $122 | $224 |
| Value after costs | $10,463 | $11,454 | $12,539 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
RHCB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0033%
- Total broker commissions: $735
- Bought from dealers (principal trades, not a cost): $24.4M
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $396K
- Net income from securities lending: $4K (0.017% of average net assets)
RHCB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $188 | 25.58% |
| GOLDMAN SACHS & CO. LLC | $168 | 22.86% |
| MORGAN STANLEY & CO. LLC | $136 | 18.50% |
| CitiGroup Global Markets Inc. | $94 | 12.79% |
| J.P. MORGAN SECURITIES LLC | $79 | 10.75% |
| BARCLAYS CAPITAL, INC. | $63 | 8.57% |
| UBS Securities LLC | $7 | 0.95% |
RHCB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $3.1M | 17.35% |
| GOLDMAN SACHS & CO. LLC | $2.7M | 15.35% |
| CitiGroup Global Markets Inc. | $2.3M | 12.86% |
| J.P. Morgan Securities LLC | $2.0M | 11.36% |
| DEUTSCHE BANK SECURITIES, INC. | $1.6M | 8.87% |
| WELLS FARGO SECURITIES, LLC | $1.4M | 8.15% |
| MORGAN STANLEY & CO. LLC | $1.2M | 6.79% |
| BARCLAYS CAPITAL, INC. | $1.2M | 6.68% |
| UBS SECURITIES LLC | $1.1M | 6.41% |
| HSBC SECURITIES (USA), INC. | $1.1M | 6.18% |
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.