BSCM Fees and Costs — Invesco BulletShares 2022 Corporate Bond ETF
Data updated: 2023-01-30
The net expense ratio is 0.10%. There are no sales loads or redemption fees. Portfolio turnover was 16%.
BSCM Fees and Expenses
Annual operating expenses and sales charges of BSCM. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.10% |
| Fee waiver | — |
| Net expense ratio | 0.10% |
| 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 |
BSCM Costs Over Time
On $10,000 invested in BSCM, assuming 5% a year before costs, total costs come to $64 over 5 years, cutting the return by 0.10% 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 0.10%) | $10 | $33 | $58 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $10 | $35 | $64 |
| Value after costs | $10,490 | $11,542 | $12,699 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
BSCM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $5.9B
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $20.7M
- Net income from securities lending: $27K (0.001% of average net assets)
BSCM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $3.6B | 68.87% |
| MORGAN STANLEY & CO. LLC | $425.7M | 8.05% |
| JANE STREET EXECUTION SERVICES, LLC | $271.1M | 5.12% |
| GOLDMAN, SACHS & CO. | $206.0M | 3.89% |
| WELLS FARGO SECURITIES, LLC | $194.7M | 3.68% |
| BOFA SECURITIES, INC. | $158.2M | 2.99% |
| FIFTH THIRD SECURITIES, INC. | $149.2M | 2.82% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $87.7M | 1.66% |
| CITADEL SECURITIES LLC | $79.7M | 1.51% |
| OLD MISSION MARKETS LLC | $74.9M | 1.42% |
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.