IUSS Fees and Costs — Invesco RAFI Strategic US Small Company 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 $10K in broker commissions, 0.0184% of average net assets, and portfolio turnover was 36%.
IUSS Fees and Expenses
Annual operating expenses and sales charges of IUSS. 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 |
IUSS Costs Over Time
On $10,000 invested in IUSS, assuming 5% a year before costs, total costs come to $158 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 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $86 | $158 |
| Value after costs | $10,474 | $11,490 | $12,605 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
IUSS 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): 0.0184%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $47.7M
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $7.7M
- Net income from securities lending: $26K (0.048% of average net assets)
IUSS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $9K | 94.23% |
| MORGAN STANLEY & CO. LLC | $238 | 2.39% |
| CITIGROUP GLOBAL MARKETS INC. | $121 | 1.21% |
| VIRTU AMERICAS LLC | $118 | 1.18% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $26 | 0.26% |
| GOLDMAN, SACHS & CO. | $26 | 0.26% |
| RAYMOND JAMES & ASSOCIATES, INC. | $16 | 0.16% |
| STATE STREET GLOBAL MARKETS, LLC | $11 | 0.11% |
| JEFFERIES LLC | $11 | 0.11% |
| WELLS FARGO SECURITIES, LLC | $9 | 0.09% |
IUSS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $39.4M | 82.65% |
| BNY MELLON CAPITAL MARKETS, LLC | $4.9M | 10.24% |
| GOLDMAN, SACHS & CO. | $2.4M | 5.01% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1.0M | 2.10% |
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.