C000197643 Fees and Costs — Invesco China Small Cap ETF
Data updated: 2020-03-31
The net expense ratio is 0.75%: a 0.55% management fee plus 0.25% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $13K in broker commissions, 0.0207% of average net assets, and portfolio turnover was 7%.
C000197643 Fees and Expenses
Annual operating expenses and sales charges of C000197643. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.25% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.05% |
| 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 | Yes |
C000197643 Costs Over Time
On $10,000 invested in C000197643, assuming 5% a year before costs, total costs come to $484 over 5 years, cutting the return by 0.81% 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) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $266 | $484 |
| Value after costs | $10,419 | $11,311 | $12,279 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
C000197643 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0207%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $17.5M
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $3.5M
- Net income from securities lending: $118K (0.191% of average net assets)
C000197643 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $10K | 80.87% |
| CREDIT SUISSE SECURITIES (USA) LLC | $743 | 5.80% |
| ITG INC. | $608 | 4.75% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $484 | 3.78% |
| STUART FRANKEL & CO., INC. | $194 | 1.51% |
| GOLDMAN, SACHS & CO. | $165 | 1.29% |
| BARCLAYS CAPITAL INC. | $160 | 1.25% |
| UBS SECURITIES LLC | $58 | 0.45% |
| MORGAN STANLEY & CO. LLC | $20 | 0.16% |
| CITIGROUP GLOBAL MARKETS INC. | $18 | 0.14% |
C000197643 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $10.0M | 57.04% |
| MORGAN STANLEY & CO. LLC | $7.5M | 42.96% |
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.