C000209351 Fees and Costs — Invesco Oppenheimer Mid Cap Value Fund, Class R
Data updated: 2020-03-31
The net expense ratio is 1.40%: a 0.72% management fee, a 0.50% 12b-1 fee plus 0.24% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2.0M in broker commissions, 0.1861% of average net assets, and portfolio turnover was 129%.
C000209351 Fees and Expenses
Annual operating expenses and sales charges of C000209351. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.40% |
| 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 |
C000209351 Costs Over Time
On $10,000 invested in C000209351, assuming 5% a year before costs, total costs come to $981 over 5 years, cutting the return by 1.67% 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 1.40%) | $147 | $456 | $786 |
| Trading costs (broker commissions) | $20 | $61 | $104 |
| Lost growth on money paid in costs | $0 | $26 | $90 |
| Total costs | $167 | $542 | $981 |
| Value after costs | $10,333 | $11,034 | $11,782 |
| Impact on return, per year | 1.67% | 1.67% | 1.67% |
C000209351 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): 0.1861%
- Total broker commissions: $2.0M
- Bought from dealers (principal trades, not a cost): $9.0M
- Portfolio turnover (prospectus): 129%
- Securities lending: none during the year
C000209351 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $187K | 13.32% |
| CITIGROUP GLOBAL MARKETS INC. | $164K | 11.71% |
| ITG INC. | $157K | 11.19% |
| BARCLAYS CAPITAL INC. | $149K | 10.59% |
| JEFFERIES LLC | $144K | 10.27% |
| SANFORD C. BERNSTEIN & CO., LLC | $136K | 9.70% |
| UBS SECURITIES LLC | $128K | 9.10% |
| MORGAN STANLEY & CO. LLC | $121K | 8.62% |
| LIQUIDNET, INC. | $110K | 7.82% |
| GOLDMAN, SACHS & CO. | $108K | 7.66% |
C000209351 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $2.9M | 35.52% |
| MORGAN STANLEY & CO. LLC | $946K | 11.47% |
| WELLS FARGO SECURITIES, LLC | $946K | 11.47% |
| BARCLAYS CAPITAL INC. | $946K | 11.47% |
| CITIGROUP GLOBAL MARKETS INC. | $946K | 11.47% |
| MUFG SECURITIES AMERICAS INC. | $396K | 4.81% |
| RBC CAPITAL MARKETS, LLC | $396K | 4.81% |
| MIZUHO SECURITIES USA LLC | $396K | 4.81% |
| BNP PARIBAS SECURITIES CORP. | $171K | 2.08% |
| COWEN EXECUTION SERVICES LLC | $171K | 2.08% |
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.