MSAIX Fees and Costs — Invesco American Value Fund, Class Y
Data updated: 2023-04-03
The net expense ratio is 0.86%: a 0.65% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2.2M in broker commissions, 0.1158% of average net assets, and portfolio turnover was 117%.
MSAIX Fees and Expenses
Annual operating expenses and sales charges of MSAIX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| 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 |
MSAIX Costs Over Time
On $10,000 invested in MSAIX, assuming 5% a year before costs, total costs come to $611 over 5 years, cutting the return by 1.02% 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 0.86%) | $90 | $282 | $489 |
| Trading costs (broker commissions) | $12 | $38 | $66 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $336 | $611 |
| Value after costs | $10,398 | $11,241 | $12,152 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
MSAIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1158%
- Total broker commissions: $2.2M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 117%
- Securities on loan, average value: $71.1M
- Net income from securities lending: $104K (0.005% of average net assets)
MSAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $400K | 23.44% |
| SANFORD C. BERNSTEIN & CO., LLC | $368K | 21.57% |
| J.P. MORGAN SECURITIES LLC | $287K | 16.85% |
| MORGAN STANLEY & CO. LLC | $133K | 7.77% |
| UBS SECURITIES LLC | $115K | 6.73% |
| INSTINET, LLC | $99K | 5.80% |
| CREDIT SUISSE SECURITIES (USA) LLC | $92K | 5.40% |
| LUMINEX TRADING & ANALYTICS LLC | $79K | 4.61% |
| GOLDMAN, SACHS & CO. | $69K | 4.06% |
| LIQUIDNET, INC. | $64K | 3.77% |
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.