IVSG Fees and Costs — Invesco Select Growth 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 $2.4M in broker commissions, 208.7232% of average net assets, and portfolio turnover was 113%.
IVSG Fees and Expenses
Annual operating expenses and sales charges of IVSG. 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 |
IVSG Costs Over Time
On $10,000 invested in IVSG, assuming 5% a year before costs, total costs come to $32,584 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 0.48%) | $50 | $59 | $70 |
| Trading costs (broker commissions) | $21,916 | $25,601 | $30,445 |
| Lost growth on money paid in costs | $0 | $992 | $2,068 |
| Total costs | $21,966 | $26,652 | $32,584 |
| Value after costs | −$11,466 | −$15,076 | −$19,821 |
| Impact on return, per year | — | — | — |
IVSG 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): 208.7232%
- Total broker commissions: $2.4M
- Bought from dealers (principal trades, not a cost): $4.2M
- Portfolio turnover (prospectus): 113%
- Securities on loan, average value: $1K
- Net income from securities lending: $3 (0.000% of average net assets)
IVSG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $1.6M | 65.22% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $722K | 30.03% |
| BNY MELLON CAPITAL MARKETS, LLC | $114K | 4.75% |
IVSG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $2.6M | 60.98% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1.4M | 32.52% |
| BNY MELLON CAPITAL MARKETS, LLC | $221K | 5.21% |
| WELLS FARGO SECURITIES, LLC | $55K | 1.30% |
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.