IZIAX Fees and Costs — Invesco International Select Equity Fund, Class A
Data updated: 2023-09-28
The net expense ratio is 1.21%: a 0.94% management fee, a 0.25% 12b-1 fee plus 0.32% other expenses, less a 0.30% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2022 the fund paid $226K in broker commissions, 0.1019% of average net assets, and portfolio turnover was 53%.
IZIAX Fees and Expenses
Annual operating expenses and sales charges of IZIAX. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.94% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.30% |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
IZIAX Costs Over Time
On $10,000 invested in IZIAX, assuming 5% a year before costs, total costs come to $1,473 over 5 years, cutting the return by 2.54% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.21%) | $120 | $373 | $645 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $28 | $107 | $223 |
| Total costs | $708 | $1,062 | $1,473 |
| Value after costs | $9,792 | $10,515 | $11,290 |
| Impact on return, per year | 7.08% | 3.31% | 2.54% |
IZIAX 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): 0.1019%
- Total broker commissions: $226K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $4K (0.002% of average net assets)
IZIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $27K | 17.42% |
| GOLDMAN, SACHS & CO. | $22K | 14.39% |
| J.P. MORGAN SECURITIES LLC | $19K | 12.40% |
| CITIC SECURITIES INTERNATIONAL USA, LLC | $18K | 11.58% |
| CREDIT SUISSE SECURITIES (USA) LLC | $14K | 8.98% |
| MACQUARIE CAPITAL (USA) INC. | $12K | 7.85% |
| BERENBERG CAPITAL MARKETS LLC | $11K | 7.11% |
| MORGAN STANLEY & CO. LLC | $11K | 7.08% |
| UBS SECURITIES LLC | $10K | 6.61% |
| HSBC SECURITIES (USA) INC. | $10K | 6.58% |
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.