C000197645 Fees and Costs — Invesco Frontier Markets ETF
Data updated: 2020-03-31
The net expense ratio is 0.70%: a 0.50% management fee plus 0.46% other expenses, less a 0.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $432K in broker commissions, 0.7637% of average net assets, and portfolio turnover was 21%.
C000197645 Fees and Expenses
Annual operating expenses and sales charges of C000197645. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.46% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.26% |
| Net expense ratio | 0.70% |
| 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 |
C000197645 Costs Over Time
On $10,000 invested in C000197645, assuming 5% a year before costs, total costs come to $907 over 5 years, cutting the return by 1.54% 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 0.70%) | $74 | $228 | $394 |
| Trading costs (broker commissions) | $80 | $249 | $430 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $154 | $501 | $907 |
| Value after costs | $10,346 | $11,075 | $11,856 |
| Impact on return, per year | 1.54% | 1.54% | 1.54% |
C000197645 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): 0.7637%
- Total broker commissions: $432K
- Bought from dealers (principal trades, not a cost): $16.0M
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $8K
- Net income from securities lending: $14 (0.000% of average net assets)
C000197645 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $393K | 91.04% |
| INSTINET, LLC | $21K | 4.98% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $16K | 3.76% |
| CREDIT SUISSE SECURITIES (USA) LLC | $907 | 0.21% |
| STUART FRANKEL & CO., INC. | $20 | 0.00% |
| BNP PARIBAS SECURITIES CORP. | $14 | 0.00% |
| BARCLAYS CAPITAL INC. | $3 | 0.00% |
| PERSHING LLC | $1 | 0.00% |
| HSBC SECURITIES (USA) INC. | $0 | 0.00% |
C000197645 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $14.1M | 87.59% |
| GOLDMAN, SACHS & CO. | $1.3M | 8.16% |
| CREDIT SUISSE SECURITIES (USA) LLC | $683K | 4.26% |
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.