ISDX Fees and Costs — Invesco RAFI Strategic Developed ex-US ETF
Data updated: 2023-04-28
The net expense ratio is 0.23%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $51K in broker commissions, 0.0146% of average net assets, and portfolio turnover was 20%.
ISDX Fees and Expenses
Annual operating expenses and sales charges of ISDX. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.23% |
| Fee waiver | — |
| Net expense ratio | 0.23% |
| 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 |
ISDX Costs Over Time
On $10,000 invested in ISDX, assuming 5% a year before costs, total costs come to $155 over 5 years, cutting the return by 0.26% 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 0.23%) | $24 | $76 | $133 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $85 | $155 |
| Value after costs | $10,474 | $11,492 | $12,607 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
ISDX 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): 0.0146%
- Total broker commissions: $51K
- Bought from dealers (principal trades, not a cost): $295.7M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $19.6M
- Net income from securities lending: $163K (0.046% of average net assets)
ISDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $34K | 65.32% |
| MORGAN STANLEY & CO. LLC | $13K | 24.93% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $3K | 6.49% |
| CITIGROUP GLOBAL MARKETS INC. | $559 | 1.09% |
| UBS SECURITIES LLC | $521 | 1.01% |
| MIZUHO SECURITIES USA LLC | $291 | 0.57% |
| GOLDMAN, SACHS & CO. | $171 | 0.33% |
| INVESCO CAPITAL MARKETS, INC. | $133 | 0.26% |
| RAYMOND JAMES & ASSOCIATES, INC. | $2 | 0.00% |
| VIRTU AMERICAS LLC | $0 | 0.00% |
ISDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $142.4M | 48.17% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $81.2M | 27.45% |
| BNY MELLON CAPITAL MARKETS, LLC | $47.6M | 16.10% |
| UBS SECURITIES LLC | $24.5M | 8.28% |
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.