C000209411 Fees and Costs — Invesco Oppenheimer Limited-Term Government Fund, Class Y
Data updated: 2020-06-01
The net expense ratio is 0.50%: a 0.41% management fee plus 0.23% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $53K in broker commissions, 0.0053% of average net assets, and portfolio turnover was 54%.
C000209411 Fees and Expenses
Annual operating expenses and sales charges of C000209411. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.50% |
| 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 |
C000209411 Costs Over Time
On $10,000 invested in C000209411, assuming 5% a year before costs, total costs come to $319 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $175 | $319 |
| Value after costs | $10,447 | $11,402 | $12,444 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
C000209411 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): 0.0053%
- Total broker commissions: $53K
- Bought from dealers (principal trades, not a cost): $669.3M
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
C000209411 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $53K | 100.00% |
C000209411 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $249.9M | 39.28% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $219.0M | 34.43% |
| CITIGROUP GLOBAL MARKETS INC. | $98.4M | 15.47% |
| WELLS FARGO SECURITIES, LLC | $21.5M | 3.37% |
| RBC CAPITAL MARKETS, LLC | $12.5M | 1.97% |
| J.P. MORGAN SECURITIES LLC | $8.6M | 1.35% |
| CANTOR FITZGERALD & CO. | $7.0M | 1.10% |
| MESIROW FINANCIAL, INC. | $6.9M | 1.09% |
| STEPHENS | $6.7M | 1.05% |
| CREDIT SUISSE SECURITIES (USA) LLC | $5.7M | 0.89% |
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.