C000209181 Fees and Costs — Invesco Oppenheimer Rochester Short Duration High Yield Municipal Fund, Class R6
Data updated: 2020-06-01
The net expense ratio is 0.75%: a 0.41% management fee plus 0.39% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 20%.
C000209181 Fees and Expenses
Annual operating expenses and sales charges of C000209181. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.75% |
| 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 |
C000209181 Costs Over Time
On $10,000 invested in C000209181, assuming 5% a year before costs, total costs come to $471 over 5 years, cutting the return by 0.79% 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 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $259 | $471 |
| Value after costs | $10,421 | $11,318 | $12,291 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
C000209181 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $220.5M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
C000209181 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $46.7M | 27.35% |
| GOLDMAN, SACHS & CO. | $44.5M | 26.05% |
| JEFFERIES LLC | $13.6M | 7.97% |
| MORGAN STANLEY & CO. LLC | $12.0M | 7.00% |
| FMSBONDS, INC. | $10.2M | 5.98% |
| B. C. ZIEGLER AND CO. | $10.1M | 5.91% |
| RBC CAPITAL MARKETS, LLC | $9.5M | 5.56% |
| WELLS FARGO SECURITIES, LLC | $8.9M | 5.18% |
| J.P. MORGAN SECURITIES LLC | $7.8M | 4.58% |
| BB&T SECURITIES, LLC | $7.5M | 4.41% |
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.