C000209312 Fees and Costs — Invesco Oppenheimer Intermediate Term Municipal Fund, Class A
Data updated: 2020-06-01
The net expense ratio is 1.08%: a 0.59% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses, less a 0.05% fee waiver. This share class carries a maximum front-end sales load of 2.50%. Portfolio turnover was 7%.
C000209312 Fees and Expenses
Annual operating expenses and sales charges of C000209312. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.08% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| 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 |
C000209312 Costs Over Time
On $10,000 invested in C000209312, assuming 5% a year before costs, total costs come to $977 over 5 years, cutting the return by 1.66% 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 |
| Sales charges | $250 | $250 | $250 |
| Fund expenses (net expense ratio 1.08%) | $111 | $345 | $597 |
| Lost growth on money paid in costs | $13 | $56 | $129 |
| Total costs | $373 | $651 | $977 |
| Value after costs | $10,127 | $10,925 | $11,786 |
| Impact on return, per year | 3.73% | 2.01% | 1.66% |
C000209312 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): $22.4M
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
C000209312 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $4.2M | 22.23% |
| JEFFERIES LLC | $3.7M | 19.71% |
| CITIGROUP GLOBAL MARKETS INC. | $3.0M | 15.98% |
| B. C. ZIEGLER AND CO. | $1.7M | 8.75% |
| PIPER JAFFRAY & CO. | $1.6M | 8.65% |
| DEUTSCHE BANK SECURITIES INC. | $1.1M | 5.70% |
| RAYMOND JAMES & ASSOCIATES, INC. | $1.1M | 5.55% |
| RBC CAPITAL MARKETS, LLC | $1.0M | 5.34% |
| PNC CAPITAL MARKETS LLC | $795K | 4.18% |
| ROBERT W. BAIRD & CO. INC. | $746K | 3.92% |
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.