C000209401 Fees and Costs — Invesco Oppenheimer Ultra-Short Duration Fund, Class Y
Data updated: 2020-06-29
The net expense ratio is 0.25%: a 0.29% management fee plus 0.09% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $4K in broker commissions, 0.0013% of average net assets, and portfolio turnover was 51%.
C000209401 Fees and Expenses
Annual operating expenses and sales charges of C000209401. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.38% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.25% |
| 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 |
C000209401 Costs Over Time
On $10,000 invested in C000209401, assuming 5% a year before costs, total costs come to $160 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $26 | $87 | $160 |
| Value after costs | $10,474 | $11,489 | $12,603 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
C000209401 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0013%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
C000209401 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $4K | 100.00% |
C000209401 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $403.9M | 24.40% |
| J.P. MORGAN SECURITIES LLC | $325.5M | 19.67% |
| MIZUHO SECURITIES USA LLC | $201.9M | 12.20% |
| GOLDMAN, SACHS & CO. | $189.5M | 11.45% |
| CITIGROUP GLOBAL MARKETS INC. | $166.3M | 10.05% |
| BARCLAYS CAPITAL INC. | $147.4M | 8.91% |
| WELLS FARGO SECURITIES, LLC | $79.8M | 4.82% |
| RBC CAPITAL MARKETS, LLC | $65.5M | 3.95% |
| FIFTH THIRD SECURITIES, INC. | $38.0M | 2.29% |
| BNY MELLON CAPITAL MARKETS, LLC | $37.5M | 2.26% |
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.