ODMAX Fees and Costs — Invesco Developing Markets Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 1.30%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.24% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $37.1M in broker commissions, 0.2682% of average net assets, and portfolio turnover was 79%.
ODMAX Fees and Expenses
Annual operating expenses and sales charges of ODMAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.30% |
| Fee waiver | — |
| Net expense ratio | 1.30% |
| 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 |
ODMAX Costs Over Time
On $10,000 invested in ODMAX, assuming 5% a year before costs, total costs come to $1,618 over 5 years, cutting the return by 2.81% 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 1.30%) | $129 | $400 | $690 |
| Trading costs (broker commissions) | $27 | $83 | $142 |
| Lost growth on money paid in costs | $27 | $111 | $236 |
| Total costs | $733 | $1,143 | $1,618 |
| Value after costs | $9,767 | $10,433 | $11,144 |
| Impact on return, per year | 7.33% | 3.58% | 2.81% |
ODMAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2682%
- Total broker commissions: $37.1M
- Bought from dealers (principal trades, not a cost): $8.7B
- Portfolio turnover (prospectus): 79%
- Securities lending: none during the year
ODMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $8.4M | 26.40% |
| GOLDMAN, SACHS & CO. | $7.5M | 23.59% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $3.6M | 11.16% |
| MORGAN STANLEY & CO. LLC | $3.5M | 10.83% |
| CITIGROUP GLOBAL MARKETS INC. | $2.2M | 7.01% |
| UBS SECURITIES LLC | $2.0M | 6.33% |
| JEFFERIES LLC | $1.6M | 5.07% |
| HSBC SECURITIES (USA) INC. | $1.5M | 4.60% |
| SANFORD C. BERNSTEIN & CO., LLC | $869K | 2.72% |
| LIQUIDNET, INC. | $732K | 2.29% |
ODMAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $8.7B | 99.78% |
| STATE STREET GLOBAL MARKETS, LLC | $19.0M | 0.22% |
Invesco Developing Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ODVIX | Class R6 | 0.88% | none |
| DVMFX | Class R5 | 0.95% | none |
| ODVYX | Class Y | 1.05% | none |
| ODMAX | Class A | 1.30% | 5.50% |
| ODVNX | Class R | 1.55% | none |
| ODVCX | Class C | 2.05% | none |
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.