BSAE Fees and Costs — Invesco BulletShares 2021 USD Emerging Markets Debt ETF
Data updated: 2022-01-31
The net expense ratio is 0.29%. There are no sales loads or redemption fees. Portfolio turnover was 13%.
BSAE Fees and Expenses
Annual operating expenses and sales charges of BSAE. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BSAE Costs Over Time
On $10,000 invested in BSAE, assuming 5% a year before costs, total costs come to $184 over 5 years, cutting the return by 0.30% 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 0.29%) | $30 | $96 | $167 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $30 | $100 | $184 |
| Value after costs | $10,470 | $11,476 | $12,579 |
| Impact on return, per year | 0.30% | 0.30% | 0.30% |
BSAE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $54.0M
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
BSAE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $31.8M | 59.53% |
| MORGAN STANLEY & CO. LLC | $16.6M | 31.07% |
| MARKETAXESS CORPORATION | $2.2M | 4.12% |
| CITIGROUP GLOBAL MARKETS INC. | $1.2M | 2.24% |
| GOLDMAN, SACHS & CO. | $495K | 0.93% |
| TD SECURITIES (USA) LLC | $303K | 0.57% |
| MILLENNIUM ADVISORS, LLC | $211K | 0.39% |
| BOFA SECURITIES, INC. | $208K | 0.39% |
| SMBC NIKKO SECURITIES AMERICA, INC. | $206K | 0.38% |
| BARCLAYS CAPITAL INC. | $203K | 0.38% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.