OFIAX Fees and Costs — Invesco Intermediate Bond Factor Fund, Class A
Data updated: 2025-01-29
The net expense ratio is 0.53%: a 0.25% management fee, a 0.24% 12b-1 fee plus 0.35% other expenses, less a 0.31% fee waiver. This share class carries a maximum front-end sales load of 4.25%. Portfolio turnover was 276%.
OFIAX Fees and Expenses
Annual operating expenses and sales charges of OFIAX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.24% |
| Other expenses | 0.35% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.31% |
| Net expense ratio | 0.53% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| 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 |
OFIAX Costs Over Time
On $10,000 invested in OFIAX, assuming 5% a year before costs, total costs come to $863 over 5 years, cutting the return by 1.46% 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 | $425 | $425 | $425 |
| Fund expenses (net expense ratio 0.53%) | $53 | $167 | $291 |
| Lost growth on money paid in costs | $21 | $75 | $147 |
| Total costs | $500 | $667 | $863 |
| Value after costs | $10,000 | $10,909 | $11,900 |
| Impact on return, per year | 5.00% | 2.06% | 1.46% |
OFIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 29, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 276%
- Securities on loan, average value: $2.6M
- Net income from securities lending: $46K (0.023% of average net assets)
OFIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $395.1M | 29.55% |
| BOFA SECURITIES, INC. | $380.7M | 28.48% |
| MORGAN STANLEY & CO. LLC | $225.1M | 16.84% |
| WELLS FARGO SECURITIES, LLC | $91.8M | 6.87% |
| GOLDMAN, SACHS & CO. | $86.8M | 6.50% |
| J.P. MORGAN SECURITIES LLC | $59.7M | 4.46% |
| DEUTSCHE BANK SECURITIES INC. | $29.6M | 2.21% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $29.5M | 2.20% |
| JANE STREET EXECUTION SERVICES, LLC | $21.6M | 1.62% |
| BARCLAYS CAPITAL INC. | $17.0M | 1.27% |
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.