C000161056 Fees and Costs — Invesco DWA Tactical Sector Rotation ETF
Data updated: 2020-01-29
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $40K in broker commissions, 0.0595% of average net assets, and portfolio turnover was 129%.
C000161056 Fees and Expenses
Annual operating expenses and sales charges of C000161056. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
C000161056 Costs Over Time
On $10,000 invested in C000161056, assuming 5% a year before costs, total costs come to $508 over 5 years, cutting the return by 0.85% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $279 | $508 |
| Value after costs | $10,415 | $11,297 | $12,255 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
C000161056 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): 0.0595%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $56.9M
- Portfolio turnover (prospectus): 129%
- Securities on loan, average value: $235K
- Net income from securities lending: $8K (0.011% of average net assets)
C000161056 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $19K | 46.97% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $9K | 22.98% |
| BB&T SECURITIES, LLC | $6K | 15.49% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $6K | 14.45% |
| MORGAN STANLEY & CO. LLC | $31 | 0.08% |
| ITG INC. | $11 | 0.03% |
C000161056 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $51.6M | 90.69% |
| VIRTU AMERICAS LLC | $2.9M | 5.02% |
| CITADEL SECURITIES LLC | $1.6M | 2.77% |
| BNY MELLON CAPITAL MARKETS, LLC | $867K | 1.52% |
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.