C000000443 Fees and Costs — Invesco V.I. Managed Volatility Fund
Data updated: 2021-05-28
The net expense ratio is 1.33%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.48% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $11K in broker commissions, 0.0351% of average net assets, and portfolio turnover was 109%.
C000000443 Fees and Expenses
Annual operating expenses and sales charges of C000000443. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.33% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
C000000443 Costs Over Time
On $10,000 invested in C000000443, assuming 5% a year before costs, total costs come to $848 over 5 years, cutting the return by 1.43% 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 1.33%) | $140 | $434 | $750 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $143 | $468 | $848 |
| Value after costs | $10,357 | $11,109 | $11,915 |
| Impact on return, per year | 1.43% | 1.43% | 1.43% |
C000000443 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0351%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $43.8M
- Portfolio turnover (prospectus): 109%
- Securities lending: none during the year
C000000443 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $3K | 27.29% |
| GOLDMAN, SACHS & CO. | $2K | 16.19% |
| CREDIT SUISSE SECURITIES (USA) LLC | $1K | 12.40% |
| MORGAN STANLEY & CO. LLC | $916 | 9.38% |
| CITIGROUP GLOBAL MARKETS INC. | $840 | 8.59% |
| EVERCORE GROUP L.L.C. | $777 | 7.95% |
| UBS SECURITIES LLC | $730 | 7.47% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $448 | 4.59% |
| STUART FRANKEL & CO., INC. | $366 | 3.74% |
| BARCLAYS CAPITAL INC. | $234 | 2.40% |
C000000443 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $11.6M | 28.78% |
| HSBC SECURITIES (USA) INC. | $8.1M | 20.09% |
| DEUTSCHE BANK SECURITIES INC. | $4.8M | 11.78% |
| CITADEL SECURITIES LLC | $4.1M | 10.28% |
| GOLDMAN, SACHS & CO. | $4.0M | 10.01% |
| MORGAN STANLEY & CO. LLC | $3.6M | 8.95% |
| BOFA SECURITIES, INC. | $1.6M | 3.85% |
| CREDIT SUISSE SECURITIES (USA) LLC | $1.2M | 2.99% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $1.0M | 2.50% |
| WELLS FARGO SECURITIES, LLC | $313K | 0.78% |
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.