C000209603 Fees and Costs — Invesco Oppenheimer Capital Income Fund, Class Y
Data updated: 2020-04-29
The net expense ratio is 0.71% (0.75% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $1.1M in broker commissions, 0.0450% of average net assets, and portfolio turnover was 147%.
C000209603 Fees and Expenses
Annual operating expenses and sales charges of C000209603. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.75% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.71% |
| 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 |
C000209603 Costs Over Time
On $10,000 invested in C000209603, assuming 5% a year before costs, total costs come to $475 over 5 years, cutting the return by 0.79% 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 0.71%) | $75 | $233 | $405 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $260 | $475 |
| Value after costs | $10,421 | $11,316 | $12,288 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
C000209603 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): 0.0450%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $5.3B
- Portfolio turnover (prospectus): 147%
- Securities lending: none during the year
C000209603 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $304K | 33.89% |
| ITG INC. | $123K | 13.75% |
| UBS SECURITIES LLC | $118K | 13.17% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $94K | 10.46% |
| SANFORD C. BERNSTEIN & CO., LLC | $64K | 7.17% |
| CITIGROUP GLOBAL MARKETS INC. | $56K | 6.28% |
| J.P. MORGAN SECURITIES LLC | $44K | 4.90% |
| GOLDMAN, SACHS & CO. | $37K | 4.11% |
| COWEN AND COMPANY, LLC | $28K | 3.14% |
| BARCLAYS CAPITAL INC. | $28K | 3.11% |
C000209603 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $1.0B | 20.52% |
| J.P. MORGAN SECURITIES LLC | $1.0B | 20.04% |
| CREDIT SUISSE SECURITIES (USA) LLC | $985.2M | 19.36% |
| CITIGROUP GLOBAL MARKETS INC. | $833.4M | 16.37% |
| BARCLAYS CAPITAL INC. | $370.5M | 7.28% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $304.7M | 5.99% |
| GOLDMAN, SACHS & CO. | $179.7M | 3.53% |
| DEUTSCHE BANK SECURITIES INC. | $146.3M | 2.87% |
| MORGAN STANLEY & CO. LLC | $133.3M | 2.62% |
| WELLS FARGO SECURITIES, LLC | $72.5M | 1.42% |
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.