C000241066 Fees and Costs — Invesco SMA Municipal Bond Fund
Data updated: 2026-07-30
The net expense ratio is 0.00% (0.38% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 204%.
C000241066 Fees and Expenses
Annual operating expenses and sales charges of C000241066. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.38% |
| Fee waiver | −0.38% |
| Net expense ratio | 0.00% |
| 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 |
C000241066 Costs Over Time
On $10,000 invested in C000241066, assuming 5% a year before costs, total costs come to $0 over 5 years, cutting the return by 0.00% 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 0.00%) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $0 | $0 |
| Value after costs | $10,500 | $11,576 | $12,763 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
C000241066 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $219.6M
- Portfolio turnover (prospectus): 204%
- Securities lending: none during the year
C000241066 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $47.9M | 26.22% |
| NATIONAL FINANCIAL SERVICES LLC | $41.4M | 22.64% |
| PERSHING LLC | $20.5M | 11.21% |
| BARCLAYS CAPITAL INC. | $14.3M | 7.83% |
| MORGAN STANLEY & CO. LLC | $12.7M | 6.94% |
| WELLS FARGO SECURITIES, LLC | $12.2M | 6.65% |
| RBC CAPITAL MARKETS, LLC | $9.8M | 5.33% |
| MESIROW FINANCIAL, INC. | $8.5M | 4.63% |
| TRUIST SECURITIES, INC. | $8.0M | 4.39% |
| B. C. ZIEGLER AND CO. | $7.6M | 4.18% |
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.