ACESX Fees and Costs — Invesco Equity and Income Fund, Class R
Data updated: 2026-07-30
The net expense ratio is 1.01%: a 0.35% management fee, a 0.50% 12b-1 fee plus 0.16% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.0M in broker commissions, 0.0162% of average net assets, and portfolio turnover was 136%.
ACESX Fees and Expenses
Annual operating expenses and sales charges of ACESX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
ACESX Costs Over Time
On $10,000 invested in ACESX, assuming 5% a year before costs, total costs come to $642 over 5 years, cutting the return by 1.08% 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 1.01%) | $106 | $331 | $574 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $353 | $642 |
| Value after costs | $10,392 | $11,224 | $12,121 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
ACESX 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): 0.0162%
- Total broker commissions: $2.0M
- Bought from dealers (principal trades, not a cost): $31.6B
- Portfolio turnover (prospectus): 136%
- Securities on loan, average value: $175.6M
- Net income from securities lending: $330K (0.003% of average net assets)
ACESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $246K | 14.46% |
| INVESCO CAPITAL MARKETS, INC. | $237K | 13.94% |
| CITIGROUP GLOBAL MARKETS INC. | $222K | 13.02% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $219K | 12.90% |
| UBS SECURITIES LLC | $215K | 12.63% |
| MORGAN STANLEY & CO. LLC | $207K | 12.15% |
| J.P. MORGAN SECURITIES LLC | $139K | 8.17% |
| JEFFERIES LLC | $82K | 4.80% |
| RBC CAPITAL MARKETS, LLC | $69K | 4.03% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $66K | 3.90% |
ACESX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $6.8B | 23.42% |
| WELLS FARGO SECURITIES, LLC | $4.5B | 15.59% |
| CITIGROUP GLOBAL MARKETS INC. | $3.9B | 13.50% |
| BOFA SECURITIES, INC. | $3.7B | 12.76% |
| BARCLAYS CAPITAL INC. | $2.4B | 8.19% |
| CITADEL SECURITIES LLC | $2.3B | 7.96% |
| SANTANDER US CAPITAL MARKETS LLC | $1.5B | 5.08% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $1.4B | 4.80% |
| BNP PARIBAS SECURITIES CORP. | $1.4B | 4.74% |
| RBC CAPITAL MARKETS, LLC | $1.1B | 3.95% |
Invesco Equity and Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IEIFX | Class R6 | 0.41% | none |
| ACEKX | Class R5 | 0.48% | none |
| ACETX | Class Y | 0.51% | none |
| ACEIX | Class A | 0.76% | 5.50% |
| ACESX | Class R | 1.01% | none |
| ACERX | Class C | 1.50% | none |
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.