C000118745 Fees and Costs — Invesco Small Cap Discovery Fund, Class R6
Data updated: 2020-04-29
The net expense ratio is 0.87%: a 0.79% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $361K in broker commissions, 0.0617% of average net assets, and portfolio turnover was 74%.
C000118745 Fees and Expenses
Annual operating expenses and sales charges of C000118745. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.87% |
| Fee waiver | — |
| Net expense ratio | 0.87% |
| 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 |
C000118745 Costs Over Time
On $10,000 invested in C000118745, assuming 5% a year before costs, total costs come to $584 over 5 years, cutting the return by 0.98% 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 0.87%) | $91 | $285 | $495 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $98 | $321 | $584 |
| Value after costs | $10,402 | $11,256 | $12,179 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
C000118745 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): 0.0617%
- Total broker commissions: $361K
- Bought from dealers (principal trades, not a cost): $7.6M
- Portfolio turnover (prospectus): 74%
- Securities on loan, average value: $5.2M
- Net income from securities lending: $472K (0.081% of average net assets)
C000118745 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $55K | 15.17% |
| LIQUIDNET, INC. | $52K | 14.45% |
| ITG INC. | $46K | 12.85% |
| J.P. MORGAN SECURITIES LLC | $43K | 11.79% |
| EVERCORE GROUP L.L.C. | $39K | 10.88% |
| MORGAN STANLEY & CO. LLC | $29K | 7.99% |
| BARCLAYS CAPITAL INC. | $28K | 7.63% |
| GOLDMAN, SACHS & CO. | $26K | 7.06% |
| CITIGROUP GLOBAL MARKETS INC. | $24K | 6.75% |
| CREDIT SUISSE SECURITIES (USA) LLC | $20K | 5.42% |
C000118745 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $3.3M | 42.92% |
| J.P. MORGAN SECURITIES LLC | $2.8M | 36.57% |
| CITIGROUP GLOBAL MARKETS INC. | $1.6M | 20.52% |
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.