ESMSX Fees and Costs — Invesco Global Small Cap Equity Fund, Class R6
Data updated: 2026-09-01
The net expense ratio is 0.89%: a 0.85% management fee plus 0.24% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $356K in broker commissions, 0.2025% of average net assets, and portfolio turnover was 147%.
ESMSX Fees and Expenses
Annual operating expenses and sales charges of ESMSX. Prospectus, as of September 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.89% |
| 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 |
ESMSX Costs Over Time
On $10,000 invested in ESMSX, assuming 5% a year before costs, total costs come to $682 over 5 years, cutting the return by 1.15% 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 0.89%) | $93 | $291 | $505 |
| Trading costs (broker commissions) | $21 | $66 | $115 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $375 | $682 |
| Value after costs | $10,385 | $11,201 | $12,081 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
ESMSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2025%
- Total broker commissions: $356K
- Bought from dealers (principal trades, not a cost): $1.1M
- Portfolio turnover (prospectus): 147%
- Securities on loan, average value: $5.4M
- Net income from securities lending: $27K (0.015% of average net assets)
ESMSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET, INC. | $45K | 18.75% |
| MORGAN STANLEY & CO. LLC | $40K | 16.41% |
| UBS SECURITIES LLC | $33K | 13.60% |
| CITIGROUP GLOBAL MARKETS INC. | $30K | 12.35% |
| J.P. MORGAN SECURITIES LLC | $22K | 9.17% |
| GOLDMAN, SACHS & CO. | $21K | 8.62% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $15K | 6.29% |
| BNP PARIBAS SECURITIES CORP. | $15K | 6.03% |
| BERENBERG CAPITAL MARKETS LLC | $12K | 4.92% |
| JEFFERIES LLC | $9K | 3.86% |
ESMSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $864K | 76.04% |
| Piper Sandler & Co. | $272K | 23.96% |
Invesco Global Small Cap Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ESMSX | Class R6 | 0.89% | none |
| ESMYX | Class Y | 1.00% | none |
| ESMAX | Class A | 1.25% | 5.50% |
| ESMCX | Class C | 2.00% | none |
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.