C000166945 Fees and Costs — Invesco DWA Tactical Multi-Asset Income ETF
Data updated: 2020-01-29
The net expense ratio is 0.68%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $21K in broker commissions, 0.0491% of average net assets, and portfolio turnover was 52%.
C000166945 Fees and Expenses
Annual operating expenses and sales charges of C000166945. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.68% |
| Fee waiver | — |
| Net expense ratio | 0.68% |
| 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 |
C000166945 Costs Over Time
On $10,000 invested in C000166945, assuming 5% a year before costs, total costs come to $459 over 5 years, cutting the return by 0.77% 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 0.68%) | $71 | $223 | $389 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $251 | $459 |
| Value after costs | $10,423 | $11,325 | $12,304 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
C000166945 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): 0.0491%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $38.1M
- Portfolio turnover (prospectus): 52%
- Securities on loan, average value: $5.1M
- Net income from securities lending: $115K (0.272% of average net assets)
C000166945 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $10K | 46.44% |
| CITIGROUP GLOBAL MARKETS INC. | $7K | 35.28% |
| GOLDMAN, SACHS & CO. | $3K | 16.43% |
| BB&T SECURITIES, LLC | $215 | 1.04% |
| CREDIT SUISSE SECURITIES (USA) LLC | $133 | 0.64% |
| ITG INC. | $36 | 0.17% |
C000166945 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $28.3M | 74.45% |
| CANTOR FITZGERALD & CO. | $3.6M | 9.55% |
| VIRTU AMERICAS LLC | $2.4M | 6.40% |
| BNY MELLON CAPITAL MARKETS, LLC | $2.4M | 6.21% |
| CITADEL SECURITIES LLC | $1.3M | 3.39% |
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.