ORSYX Fees and Costs — Invesco Short Term Municipal Fund, Class Y
Data updated: 2026-07-30
The net expense ratio is 0.51%: a 0.39% management fee plus 0.12% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 56%.
ORSYX Fees and Expenses
Annual operating expenses and sales charges of ORSYX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| 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 |
ORSYX Costs Over Time
On $10,000 invested in ORSYX, 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% |
ORSYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
ORSYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $189.1M | 20.31% |
| BARCLAYS CAPITAL INC. | $147.5M | 15.85% |
| MORGAN STANLEY & CO. LLC | $110.7M | 11.89% |
| RBC CAPITAL MARKETS, LLC | $103.3M | 11.09% |
| WELLS FARGO SECURITIES, LLC | $93.6M | 10.05% |
| NATIONAL FINANCIAL SERVICES LLC | $76.4M | 8.21% |
| BOFA SECURITIES, INC. | $74.5M | 8.01% |
| PERSHING LLC | $51.5M | 5.54% |
| GOLDMAN, SACHS & CO. | $45.0M | 4.83% |
| RAYMOND JAMES & ASSOCIATES, INC. | $39.4M | 4.23% |
Invesco Short Term Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| STMUX | Class R6 | 0.43% | none |
| ORSYX | Class Y | 0.51% | none |
| ORSTX | Class A | 0.76% | 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.