C000209407 Fees and Costs — Invesco Oppenheimer Limited-Term Bond Fund, Class A
Data updated: 2020-04-29
The net expense ratio is 0.75%: a 0.34% management fee, a 0.25% 12b-1 fee plus 0.18% other expenses, less a 0.02% fee waiver. This share class carries a maximum front-end sales load of 2.50%. In fiscal 2019 the fund paid $156K in broker commissions, 0.0093% of average net assets, and portfolio turnover was 57%.
C000209407 Fees and Expenses
Annual operating expenses and sales charges of C000209407. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.75% |
| 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 |
C000209407 Costs Over Time
On $10,000 invested in C000209407, assuming 5% a year before costs, total costs come to $784 over 5 years, cutting the return by 1.32% 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 0.75%) | $77 | $240 | $418 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $12 | $51 | $112 |
| Total costs | $340 | $545 | $784 |
| Value after costs | $10,160 | $11,032 | $11,978 |
| Impact on return, per year | 3.40% | 1.67% | 1.32% |
C000209407 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0093%
- Total broker commissions: $156K
- Bought from dealers (principal trades, not a cost): $7.5B
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
C000209407 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $156K | 100.00% |
C000209407 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $1.6B | 22.07% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $1.5B | 21.44% |
| CREDIT SUISSE SECURITIES (USA) LLC | $1.1B | 15.49% |
| BARCLAYS CAPITAL INC. | $970.7M | 13.81% |
| CITIGROUP GLOBAL MARKETS INC. | $481.0M | 6.84% |
| GOLDMAN, SACHS & CO. | $437.8M | 6.23% |
| WELLS FARGO SECURITIES, LLC | $373.8M | 5.32% |
| MIZUHO SECURITIES USA LLC | $305.1M | 4.34% |
| MORGAN STANLEY & CO. LLC | $197.7M | 2.81% |
| MUFG SECURITIES AMERICAS INC. | $115.4M | 1.64% |
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.