MLNFX Fees and Costs — Invesco Master Loan Fund, Class R6
Data updated: 2024-01-29
The net expense ratio is 0.51%: a 0.29% management fee plus 0.22% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 58%.
MLNFX Fees and Expenses
Annual operating expenses and sales charges of MLNFX. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.51% |
| Fee waiver | — |
| Net expense ratio | 0.51% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
MLNFX Costs Over Time
On $10,000 invested in MLNFX, assuming 5% a year before costs, total costs come to $322 over 5 years, cutting the return by 0.54% 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 |
| Fund expenses (net expense ratio 0.51%) | $54 | $168 | $293 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $54 | $176 | $322 |
| Value after costs | $10,446 | $11,400 | $12,441 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
MLNFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $484.4M
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
MLNFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $123.4M | 28.56% |
| BARCLAYS CAPITAL INC. | $64.3M | 14.89% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $54.0M | 12.50% |
| JEFFERIES LLC | $42.8M | 9.92% |
| MORGAN STANLEY & CO. LLC | $39.0M | 9.02% |
| GOLDMAN, SACHS & CO. | $32.4M | 7.50% |
| CITIGROUP GLOBAL MARKETS INC. | $29.8M | 6.90% |
| WELLS FARGO SECURITIES, LLC | $15.8M | 3.66% |
| UBS SECURITIES LLC | $15.5M | 3.59% |
| DEUTSCHE BANK SECURITIES INC. | $14.9M | 3.45% |
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.