IIGV Fees and Costs — Invesco Investment Grade Value ETF
Data updated: 2023-05-01
The net expense ratio is 0.13%. There are no sales loads or redemption fees. Portfolio turnover was 87%.
IIGV Fees and Expenses
Annual operating expenses and sales charges of IIGV. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.13% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.13% |
| Fee waiver | — |
| Net expense ratio | 0.13% |
| 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 |
IIGV Costs Over Time
On $10,000 invested in IIGV, assuming 5% a year before costs, total costs come to $83 over 5 years, cutting the return by 0.14% 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 0.13%) | $14 | $43 | $75 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $14 | $45 | $83 |
| Value after costs | $10,486 | $11,531 | $12,680 |
| Impact on return, per year | 0.14% | 0.14% | 0.14% |
IIGV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $109.5M
- Portfolio turnover (prospectus): 87%
- Securities on loan, average value: $4.6M
- Net income from securities lending: $6K (0.015% of average net assets)
IIGV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $33.4M | 37.52% |
| GOLDMAN, SACHS & CO. | $18.5M | 20.82% |
| JANE STREET EXECUTION SERVICES, LLC | $11.0M | 12.35% |
| BNY MELLON CAPITAL MARKETS, LLC | $5.0M | 5.59% |
| MILLENNIUM ADVISORS, LLC | $4.7M | 5.27% |
| BOFA SECURITIES, INC. | $4.1M | 4.64% |
| OLD MISSION MARKETS LLC | $3.5M | 3.97% |
| TRADEWEB DIRECT LLC | $3.3M | 3.67% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $2.7M | 3.09% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $2.7M | 3.08% |
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.