C000209362 Fees and Costs — Invesco V.I. Conservative Balanced Fund, Series II
Data updated: 2024-05-30
The net expense ratio is 0.92%: a 0.74% management fee, a 0.25% 12b-1 fee plus 0.20% other expenses, less a 0.27% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $33K in broker commissions, 0.0192% of average net assets, and portfolio turnover was 297%.
C000209362 Fees and Expenses
Annual operating expenses and sales charges of C000209362. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.92% |
| 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 |
C000209362 Costs Over Time
On $10,000 invested in C000209362, assuming 5% a year before costs, total costs come to $588 over 5 years, cutting the return by 0.99% 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 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $323 | $588 |
| Value after costs | $10,401 | $11,253 | $12,175 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
C000209362 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0192%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 297%
- Securities on loan, average value: $5.3M
- Net income from securities lending: $19K (0.011% of average net assets)
C000209362 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $5K | 21.58% |
| J.P. MORGAN SECURITIES LLC | $4K | 15.25% |
| CITIGROUP GLOBAL MARKETS INC. | $3K | 11.75% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $2K | 9.92% |
| GOLDMAN, SACHS & CO. | $2K | 9.78% |
| COWEN AND COMPANY | $2K | 8.33% |
| JEFFERIES LLC | $2K | 7.09% |
| MORGAN STANLEY & CO. LLC | $1K | 5.91% |
| UBS SECURITIES LLC | $1K | 5.36% |
| WELLS FARGO SECURITIES, LLC | $1K | 5.03% |
C000209362 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $597.2M | 27.42% |
| J.P. MORGAN SECURITIES LLC | $542.7M | 24.92% |
| GOLDMAN, SACHS & CO. | $338.4M | 15.54% |
| WELLS FARGO SECURITIES, LLC | $279.6M | 12.84% |
| BNP PARIBAS SECURITIES CORP. | $166.3M | 7.63% |
| CITIGROUP GLOBAL MARKETS INC. | $143.1M | 6.57% |
| MORGAN STANLEY & CO. LLC | $54.1M | 2.48% |
| SANTANDER US CAPITAL MARKETS LLC | $22.6M | 1.04% |
| BARCLAYS CAPITAL INC. | $18.8M | 0.86% |
| JANE STREET EXECUTION SERVICES, LLC | $15.0M | 0.69% |
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.