ICLO Fees and Costs — Invesco AAA CLO Floating Rate Note ETF
Data updated: 2026-09-29
The net expense ratio is 0.19%. There are no sales loads or redemption fees. Portfolio turnover was 61%.
ICLO Fees and Expenses
Annual operating expenses and sales charges of ICLO. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.19% |
| Fee waiver | — |
| Net expense ratio | 0.19% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ICLO Costs Over Time
On $10,000 invested in ICLO, assuming 5% a year before costs, total costs come to $121 over 5 years, cutting the return by 0.20% 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 0.19%) | $20 | $63 | $110 |
| Lost growth on money paid in costs | $0 | $3 | $11 |
| Total costs | $20 | $66 | $121 |
| Value after costs | $10,480 | $11,510 | $12,642 |
| Impact on return, per year | 0.20% | 0.20% | 0.20% |
ICLO 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): $648.9M
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
ICLO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $173.7M | 32.86% |
| CITIGROUP GLOBAL MARKETS INC. | $68.1M | 12.88% |
| BOFA SECURITIES, INC. | $52.5M | 9.94% |
| MORGAN STANLEY & CO. LLC | $51.7M | 9.77% |
| BARCLAYS CAPITAL INC. | $37.6M | 7.12% |
| GOLDMAN, SACHS & CO. | $37.4M | 7.07% |
| BNP PARIBAS SECURITIES CORP. | $34.9M | 6.60% |
| SCOTIA CAPITAL (USA) INC. | $27.2M | 5.14% |
| MUFG SECURITIES AMERICAS INC. | $26.3M | 4.97% |
| DEUTSCHE BANK SECURITIES INC. | $19.3M | 3.65% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.