ATDAX Fees and Costs — Invesco Endeavor Fund, Class A
Data updated: 2021-04-01
The net expense ratio is 1.40%: a 0.74% management fee, a 0.25% 12b-1 fee plus 0.41% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2020 the fund paid $106K in broker commissions, 0.0882% of average net assets, and portfolio turnover was 81%.
ATDAX Fees and Expenses
Annual operating expenses and sales charges of ATDAX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.40% |
| Fee waiver | — |
| Net expense ratio | 1.40% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
ATDAX Costs Over Time
On $10,000 invested in ATDAX, assuming 5% a year before costs, total costs come to $1,573 over 5 years, cutting the return by 2.73% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.40%) | $139 | $431 | $744 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $27 | $109 | $232 |
| Total costs | $725 | $1,118 | $1,573 |
| Value after costs | $9,775 | $10,458 | $11,190 |
| Impact on return, per year | 7.25% | 3.49% | 2.73% |
ATDAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0882%
- Total broker commissions: $106K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 81%
- Securities on loan, average value: $45K
- Net income from securities lending: —
ATDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $27K | 35.34% |
| JONESTRADING | $14K | 18.52% |
| STEPHENS | $9K | 11.56% |
| SCOTIA CAPITAL (USA) INC. | $5K | 6.29% |
| CITIGROUP GLOBAL MARKETS INC. | $5K | 5.95% |
| BARCLAYS CAPITAL INC. | $4K | 5.88% |
| LIQUIDNET, INC. | $4K | 5.05% |
| GOODBODY SECURITIES INC. | $3K | 4.08% |
| JEFFERIES LLC | $3K | 3.79% |
| RBC CAPITAL MARKETS, LLC | $3K | 3.56% |
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.