BSJN Fees and Costs — Invesco BulletShares 2023 High Yield Corporate Bond ETF
Data updated: 2024-12-19
The net expense ratio is 0.43%. There are no sales loads or redemption fees. Portfolio turnover was 48%.
BSJN Fees and Expenses
Annual operating expenses and sales charges of BSJN. Prospectus, as of August 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.43% |
| Fee waiver | — |
| Net expense ratio | 0.43% |
| 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 |
BSJN Costs Over Time
On $10,000 invested in BSJN, assuming 5% a year before costs, total costs come to $272 over 5 years, cutting the return by 0.45% 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 0.43%) | $45 | $142 | $247 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $272 |
| Value after costs | $10,455 | $11,428 | $12,491 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
BSJN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $5.4B
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $31.8M
- Net income from securities lending: $175K (0.026% of average net assets)
BSJN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $3.0B | 58.90% |
| BMO CAPITAL MARKETS CORP. | $493.1M | 9.81% |
| MORGAN STANLEY & CO. LLC | $418.9M | 8.34% |
| SG AMERICAS SECURITIES, LLC | $333.2M | 6.63% |
| GOLDMAN, SACHS & CO. | $248.3M | 4.94% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $134.8M | 2.68% |
| JANE STREET CAPITAL, LLC | $122.7M | 2.44% |
| JEFFERIES LLC | $108.7M | 2.16% |
| BOFA SECURITIES, INC. | $107.6M | 2.14% |
| RBC CAPITAL MARKETS, LLC | $98.2M | 1.95% |
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.