IBVIX Fees and Costs — Invesco International Core Equity Fund, Class R5
Data updated: 2023-04-03
The net expense ratio is 0.87%: a 0.75% management fee plus 0.40% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $51K in broker commissions, 0.0792% of average net assets, and portfolio turnover was 81%.
IBVIX Fees and Expenses
Annual operating expenses and sales charges of IBVIX. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.15% |
| Fee waiver | −0.28% |
| Net expense ratio | 0.87% |
| 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 |
IBVIX Costs Over Time
On $10,000 invested in IBVIX, assuming 5% a year before costs, total costs come to $594 over 5 years, cutting the return by 1.00% 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 0.87%) | $91 | $285 | $495 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $100 | $327 | $594 |
| Value after costs | $10,400 | $11,250 | $12,168 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
IBVIX 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): 0.0792%
- Total broker commissions: $51K
- Bought from dealers (principal trades, not a cost): $2.6M
- Portfolio turnover (prospectus): 81%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $6K (0.010% of average net assets)
IBVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Optiver V.O.F. | $16K | 37.59% |
| GOLDMAN, SACHS & CO. | $5K | 12.03% |
| J.P. MORGAN SECURITIES LLC | $4K | 10.22% |
| MORGAN STANLEY & CO. LLC | $4K | 9.30% |
| CITIGROUP GLOBAL MARKETS INC. | $4K | 8.54% |
| CREDIT SUISSE SECURITIES (USA) LLC | $3K | 7.65% |
| UBS SECURITIES LLC | $2K | 5.51% |
| JEFFERIES LLC | $1K | 3.42% |
| BARCLAYS CAPITAL INC. | $1K | 2.93% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1K | 2.79% |
IBVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MEDIOBANCA SECURITIES USA LLC | $2.6M | 100.00% |
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.