C000203481 Fees and Costs — Invesco RAFI Strategic Developed ex-US Small Company ETF
Data updated: 2020-07-30
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $7K in broker commissions, 0.1073% of average net assets, and portfolio turnover was 72%.
C000203481 Fees and Expenses
Annual operating expenses and sales charges of C000203481. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
C000203481 Costs Over Time
On $10,000 invested in C000203481, assuming 5% a year before costs, total costs come to $289 over 5 years, cutting the return by 0.48% 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 0.35%) | $37 | $115 | $201 |
| Trading costs (broker commissions) | $11 | $35 | $62 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $158 | $289 |
| Value after costs | $10,452 | $11,418 | $12,474 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
C000203481 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): 0.1073%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $22.4M
- Portfolio turnover (prospectus): 72%
- Securities on loan, average value: $124K
- Net income from securities lending: $3K (0.046% of average net assets)
C000203481 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $5K | 71.32% |
| MORGAN STANLEY & CO. LLC | $1K | 14.84% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $817 | 11.80% |
| INSTINET, LLC | $125 | 1.81% |
| CITIGROUP GLOBAL MARKETS INC. | $15 | 0.21% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $1 | 0.02% |
| GOLDMAN, SACHS & CO. | $0 | 0.00% |
C000203481 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $11.8M | 52.84% |
| BNY MELLON CAPITAL MARKETS, LLC | $8.0M | 35.68% |
| CREDIT SUISSE SECURITIES (USA) LLC | $2.6M | 11.48% |
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.