EMIAX Fees and Costs — Invesco Emerging Markets Innovators Fund, Class A
Data updated: 2023-06-29
The net expense ratio is 1.50%: a 1.14% management fee, a 0.24% 12b-1 fee plus 0.31% other expenses, less a 0.19% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2022 the fund paid $269K in broker commissions, 0.1166% of average net assets, and portfolio turnover was 17%.
EMIAX Fees and Expenses
Annual operating expenses and sales charges of EMIAX. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.14% |
| 12b-1 fee | 0.24% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.69% |
| Fee waiver | −0.19% |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
EMIAX Costs Over Time
On $10,000 invested in EMIAX, assuming 5% a year before costs, total costs come to $1,646 over 5 years, cutting the return by 2.86% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.50%) | $149 | $461 | $795 |
| Trading costs (broker commissions) | $12 | $36 | $62 |
| Lost growth on money paid in costs | $27 | $111 | $239 |
| Total costs | $738 | $1,159 | $1,646 |
| Value after costs | $9,762 | $10,418 | $11,117 |
| Impact on return, per year | 7.38% | 3.63% | 2.86% |
EMIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1166%
- Total broker commissions: $269K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
EMIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $69K | 31.64% |
| JEFFERIES LLC | $27K | 12.44% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $26K | 11.89% |
| SANFORD C. BERNSTEIN & CO., LLC | $25K | 11.33% |
| HSBC SECURITIES (USA) INC. | $19K | 8.85% |
| CITIGROUP GLOBAL MARKETS INC. | $17K | 7.76% |
| CITIC SECURITIES INTERNATIONAL USA, LLC | $10K | 4.57% |
| LIQUIDNET, INC. | $10K | 4.37% |
| AUERBACH GRAYSON & CO. LLC | $8K | 3.71% |
| MORGAN STANLEY & CO. LLC | $7K | 3.43% |
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.