BSMO Fees and Costs — Invesco BulletShares 2024 Municipal Bond ETF
Data updated: 2025-01-29
The net expense ratio is 0.18%. There are no sales loads or redemption fees. Portfolio turnover was 3%.
BSMO Fees and Expenses
Annual operating expenses and sales charges of BSMO. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.18% |
| Fee waiver | — |
| Net expense ratio | 0.18% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BSMO Costs Over Time
On $10,000 invested in BSMO, assuming 5% a year before costs, total costs come to $114 over 5 years, cutting the return by 0.19% 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 0.18%) | $19 | $59 | $104 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $62 | $114 |
| Value after costs | $10,481 | $11,514 | $12,648 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
BSMO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $122.9M
- Portfolio turnover (prospectus): 3%
- Securities lending: none during the year
BSMO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $43.3M | 35.25% |
| WELLS FARGO SECURITIES, LLC | $22.9M | 18.67% |
| GOLDMAN, SACHS & CO. | $17.5M | 14.27% |
| TD SECURITIES (USA) LLC | $16.0M | 13.00% |
| BARCLAYS CAPITAL INC. | $14.9M | 12.12% |
| HEADLANDS TECHNOLOGIES SECURITIES, LLC | $3.9M | 3.15% |
| RBC CAPITAL MARKETS, LLC | $2.0M | 1.63% |
| TULLETT PREBON FINANCIAL SERVICES LLC | $1.3M | 1.04% |
| SUMRIDGE PARTNERS, LLC | $1.0M | 0.84% |
| SIEBERT CISNEROS SHANK & CO., L.L.C. | $40K | 0.03% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.