IVLC Fees and Costs — Invesco US Large Cap Core ESG ETF
Data updated: 2023-04-03
The net expense ratio is 0.48%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $1.6M in broker commissions, 25.0996% of average net assets, and portfolio turnover was 18%.
IVLC Fees and Expenses
Annual operating expenses and sales charges of IVLC. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.48% |
| Fee waiver | — |
| Net expense ratio | 0.48% |
| 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 |
IVLC Costs Over Time
On $10,000 invested in IVLC, assuming 5% a year before costs, total costs come to $9,849 over 5 years, cutting the return by 26.86% 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 0.48%) | $50 | $121 | $163 |
| Trading costs (broker commissions) | $2,635 | $6,304 | $8,544 |
| Lost growth on money paid in costs | $0 | $380 | $1,142 |
| Total costs | $2,686 | $6,805 | $9,849 |
| Value after costs | $7,814 | $4,771 | $2,913 |
| Impact on return, per year | 26.86% | 26.86% | 26.86% |
IVLC 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): 25.0996%
- Total broker commissions: $1.6M
- Bought from dealers (principal trades, not a cost): $3.2M
- Portfolio turnover (prospectus): 18%
- Securities on loan, average value: $45K
- Net income from securities lending: $50 (0.001% of average net assets)
IVLC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $747K | 47.47% |
| CITADEL SECURITIES LLC | $620K | 39.35% |
| BNY MELLON CAPITAL MARKETS, LLC | $207K | 13.17% |
IVLC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $1.5M | 47.35% |
| CITADEL SECURITIES LLC | $1.2M | 39.00% |
| BNY MELLON CAPITAL MARKETS, LLC | $430K | 13.65% |
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.