C000209191 Fees and Costs — Invesco Oppenheimer Equity Income Fund, Class R5
Data updated: 2020-03-31
The net expense ratio is 0.66%: a 0.58% management fee plus 0.10% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2.1M in broker commissions, 0.0711% of average net assets, and portfolio turnover was 63%.
C000209191 Fees and Expenses
Annual operating expenses and sales charges of C000209191. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.66% |
| 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 |
C000209191 Costs Over Time
On $10,000 invested in C000209191, assuming 5% a year before costs, total costs come to $460 over 5 years, cutting the return by 0.77% 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 0.66%) | $69 | $217 | $377 |
| Trading costs (broker commissions) | $7 | $23 | $41 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $460 |
| Value after costs | $10,423 | $11,324 | $12,303 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
C000209191 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): 0.0711%
- Total broker commissions: $2.1M
- Bought from dealers (principal trades, not a cost): $52.8M
- Portfolio turnover (prospectus): 63%
- Securities lending: none during the year
C000209191 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $223K | 16.12% |
| UBS SECURITIES LLC | $192K | 13.89% |
| CITIGROUP GLOBAL MARKETS INC. | $172K | 12.49% |
| JEFFERIES LLC | $170K | 12.28% |
| CREDIT SUISSE SECURITIES (USA) LLC | $131K | 9.47% |
| SANFORD C. BERNSTEIN & CO., LLC | $130K | 9.42% |
| BARCLAYS CAPITAL INC. | $129K | 9.37% |
| RBC CAPITAL MARKETS, LLC | $128K | 9.28% |
| GOLDMAN, SACHS & CO. | $106K | 7.69% |
C000209191 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $45.1M | 85.80% |
| HSBC SECURITIES (USA) INC. | $2.7M | 5.08% |
| BARCLAYS CAPITAL INC. | $2.4M | 4.51% |
| CREDIT SUISSE SECURITIES (USA) LLC | $740K | 1.41% |
| CITIGROUP GLOBAL MARKETS INC. | $481K | 0.92% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $240K | 0.46% |
| J.P. MORGAN SECURITIES LLC | $240K | 0.46% |
| MORGAN STANLEY & CO. LLC | $240K | 0.46% |
| RBC CAPITAL MARKETS, LLC | $240K | 0.46% |
| MUFG SECURITIES AMERICAS INC. | $240K | 0.46% |
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.