ATIAX Fees and Costs — Invesco Select Companies Fund, Class A
Data updated: 2021-04-01
The net expense ratio is 1.28%: a 0.74% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2020 the fund paid $383K in broker commissions, 0.1250% of average net assets, and portfolio turnover was 102%.
ATIAX Fees and Expenses
Annual operating expenses and sales charges of ATIAX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.28% |
| Fee waiver | — |
| Net expense ratio | 1.28% |
| 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 |
ATIAX Costs Over Time
On $10,000 invested in ATIAX, assuming 5% a year before costs, total costs come to $1,526 over 5 years, cutting the return by 2.64% 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 1.28%) | $127 | $395 | $681 |
| Trading costs (broker commissions) | $12 | $39 | $67 |
| Lost growth on money paid in costs | $28 | $108 | $228 |
| Total costs | $717 | $1,091 | $1,526 |
| Value after costs | $9,783 | $10,485 | $11,237 |
| Impact on return, per year | 7.17% | 3.41% | 2.64% |
ATIAX 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): 0.1250%
- Total broker commissions: $383K
- Bought from dealers (principal trades, not a cost): $560K
- Portfolio turnover (prospectus): 102%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $7K (0.002% of average net assets)
ATIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $107K | 36.72% |
| RBC CAPITAL MARKETS, LLC | $43K | 14.59% |
| EVERCORE GROUP L.L.C. | $38K | 13.04% |
| LIQUIDNET, INC. | $21K | 7.11% |
| CREDIT SUISSE SECURITIES (USA) LLC | $17K | 5.93% |
| MORGAN STANLEY & CO. LLC | $17K | 5.90% |
| BARCLAYS CAPITAL INC. | $16K | 5.38% |
| KEYBANC CAPITAL MARKETS INC. | $12K | 3.99% |
| COWEN AND COMPANY | $11K | 3.74% |
| JEFFERIES LLC | $11K | 3.61% |
ATIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $560K | 100.00% |
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.