C000084386 Fees and Costs — Invesco Pennsylvania Tax Free Income Fund, Class A
Data updated: 2020-04-29
The net expense ratio is 1.32%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.57% other expenses. This share class carries a maximum front-end sales load of 4.25%. Portfolio turnover was 11%.
C000084386 Fees and Expenses
Annual operating expenses and sales charges of C000084386. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.32% |
| Fee waiver | — |
| Net expense ratio | 1.32% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000084386 Costs Over Time
On $10,000 invested in C000084386, assuming 5% a year before costs, total costs come to $1,328 over 5 years, cutting the return by 2.28% 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 |
| Sales charges | $425 | $425 | $425 |
| Fund expenses (net expense ratio 1.32%) | $133 | $413 | $713 |
| Lost growth on money paid in costs | $21 | $87 | $190 |
| Total costs | $579 | $925 | $1,328 |
| Value after costs | $9,921 | $10,651 | $11,435 |
| Impact on return, per year | 5.79% | 2.88% | 2.28% |
C000084386 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $60.5M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
C000084386 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| B. C. ZIEGLER AND CO. | $4.8M | 23.51% |
| BOFA SECURITIES, INC. | $3.0M | 14.57% |
| MORGAN STANLEY & CO. LLC | $2.8M | 13.64% |
| BNY MELLON CAPITAL MARKETS, LLC | $2.7M | 13.32% |
| HILLTOP SECURITIES INC. | $2.1M | 10.55% |
| BARCLAYS CAPITAL INC. | $2.0M | 9.76% |
| LOOP CAPITAL MARKETS LLC | $1.2M | 6.03% |
| GEORGE K. BAUM & CO. | $1.1M | 5.60% |
| JANNEY MONTGOMERY SCOTT LLC | $488K | 2.40% |
| J.P. MORGAN SECURITIES LLC | $125K | 0.62% |
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.