IVDG Fees and Costs — Invesco Focused Discovery Growth ETF
Data updated: 2023-03-31
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2.4M in broker commissions, 295.9933% of average net assets, and portfolio turnover was 157%.
IVDG Fees and Expenses
Annual operating expenses and sales charges of IVDG. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
IVDG Costs Over Time
On $10,000 invested in IVDG, assuming 5% a year before costs, total costs come to $387,459 over 5 years, cutting the return by — 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 0.59%) | $62 | $198 | $778 |
| Trading costs (broker commissions) | $31,079 | $99,345 | $390,196 |
| Lost growth on money paid in costs | $0 | −$22 | −$3,515 |
| Total costs | $31,141 | $99,521 | $387,459 |
| Value after costs | −$20,641 | −$87,944 | −$374,696 |
| Impact on return, per year | — | — | — |
IVDG 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): 295.9933%
- Total broker commissions: $2.4M
- Bought from dealers (principal trades, not a cost): $4.9M
- Portfolio turnover (prospectus): 157%
- Securities on loan, average value: $0
- Net income from securities lending: $1 (0.000% of average net assets)
IVDG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $1.4M | 60.06% |
| VIRTU AMERICAS LLC | $580K | 24.25% |
| BNY MELLON CAPITAL MARKETS, LLC | $375K | 15.69% |
IVDG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $2.2M | 44.40% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1.3M | 26.29% |
| BNY MELLON CAPITAL MARKETS, LLC | $750K | 15.19% |
| VIRTU AMERICAS LLC | $697K | 14.12% |
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.