C000196465 Fees and Costs — Invesco U.S. Managed Volatility Fund, Class R6
Data updated: 2023-01-13
The net expense ratio is 0.15%: a 0.10% management fee plus 0.49% other expenses, less a 0.44% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $1K in broker commissions, 0.0041% of average net assets, and portfolio turnover was 33%.
C000196465 Fees and Expenses
Annual operating expenses and sales charges of C000196465. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.49% |
| Gross expense ratio | 0.59% |
| Fee waiver | −0.44% |
| Net expense ratio | 0.15% |
| 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 |
C000196465 Costs Over Time
On $10,000 invested in C000196465, assuming 5% a year before costs, total costs come to $98 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $16 | $53 | $98 |
| Value after costs | $10,484 | $11,523 | $12,665 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
C000196465 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0041%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $5.2M
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $77K
- Net income from securities lending: $474 (0.002% of average net assets)
C000196465 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $162 | 21.91% |
| INVESCO CAPITAL MARKETS, INC. | $112 | 15.18% |
| RAYMOND JAMES & ASSOCIATES, INC. | $82 | 11.13% |
| UBS SECURITIES LLC | $64 | 8.65% |
| JEFFERIES LLC | $63 | 8.49% |
| GOLDMAN, SACHS & CO. | $54 | 7.35% |
| CREDIT SUISSE SECURITIES (USA) LLC | $52 | 7.11% |
| WELLS FARGO SECURITIES, LLC | $51 | 6.86% |
| STATE STREET GLOBAL MARKETS, LLC | $51 | 6.86% |
| J.P. MORGAN SECURITIES LLC | $48 | 6.48% |
C000196465 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $4.5M | 86.40% |
| RBC CAPITAL MARKETS, LLC | $596K | 11.46% |
| WELLS FARGO SECURITIES, LLC | $111K | 2.14% |
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.