IBRFX Fees and Costs — Invesco Balanced-Risk Commodity Strategy Fund, Class R6
Data updated: 2026-09-29
The net expense ratio is 0.98% (1.04% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 44%.
IBRFX Fees and Expenses
Annual operating expenses and sales charges of IBRFX. Prospectus, as of March 12, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.98% |
| 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 |
IBRFX Costs Over Time
On $10,000 invested in IBRFX, assuming 5% a year before costs, total costs come to $613 over 5 years, cutting the return by 1.03% 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 0.98%) | $103 | $321 | $557 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $337 | $613 |
| Value after costs | $10,397 | $11,239 | $12,150 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
IBRFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $252.6M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
IBRFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL MARKETS CORP. | $89.2M | 35.31% |
| BARCLAYS CAPITAL INC. | $33.2M | 13.14% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $26.6M | 10.54% |
| BNY MELLON CAPITAL MARKETS, LLC | $18.1M | 7.15% |
| SG AMERICAS SECURITIES, LLC | $18.0M | 7.13% |
| CIBC WORLD MARKETS CORP. | $17.1M | 6.77% |
| RBC CAPITAL MARKETS, LLC | $17.1M | 6.77% |
| STATE STREET GLOBAL MARKETS, LLC | $15.4M | 6.09% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $9.2M | 3.65% |
| CITIGROUP GLOBAL MARKETS INC. | $8.7M | 3.45% |
Invesco Balanced-Risk Commodity Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IBRFX | Class R6 | 0.98% | none |
| BRCNX | Class R5 | 1.05% | none |
| BRCYX | Class Y | 1.24% | none |
| BRCAX | Class A | 1.49% | 5.50% |
| BRCRX | Class R | 1.74% | none |
| BRCCX | Class C | 2.24% | 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.