C000197637 Fees and Costs — Invesco Shipping ETF
Data updated: 2020-01-29
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $17K in broker commissions, 0.0330% of average net assets, and portfolio turnover was 22%.
C000197637 Fees and Expenses
Annual operating expenses and sales charges of C000197637. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
C000197637 Costs Over Time
On $10,000 invested in C000197637, assuming 5% a year before costs, total costs come to $430 over 5 years, cutting the return by 0.72% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $72 | $236 | $430 |
| Value after costs | $10,428 | $11,341 | $12,333 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
C000197637 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): 0.0330%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $25.5M
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: $3.3M
- Net income from securities lending: $69K (0.137% of average net assets)
C000197637 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $11K | 68.01% |
| INSTINET, LLC | $4K | 22.80% |
| MORGAN STANLEY & CO. LLC | $648 | 3.90% |
| BARCLAYS CAPITAL INC. | $530 | 3.19% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $259 | 1.56% |
| CITIGROUP GLOBAL MARKETS INC. | $90 | 0.54% |
C000197637 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $9.6M | 39.65% |
| BNY MELLON CAPITAL MARKETS, LLC | $5.4M | 22.40% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $4.9M | 19.98% |
| MORGAN STANLEY & CO. LLC | $4.4M | 17.97% |
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.