OSFAX Fees and Costs — Invesco Senior Floating Rate Plus Fund, Class A
Data updated: 2021-04-29
The net expense ratio is 1.39%: a 0.79% management fee, a 0.24% 12b-1 fee plus 1.05% other expenses, less a 0.69% fee waiver. This share class carries a maximum front-end sales load of 3.25%. Portfolio turnover was 71%.
OSFAX Fees and Expenses
Annual operating expenses and sales charges of OSFAX. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.24% |
| Other expenses | 1.05% |
| Gross expense ratio | 2.08% |
| Fee waiver | −0.69% |
| Net expense ratio | 1.39% |
| Sales charges | |
|---|---|
| Max front load | 3.25% |
| 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 |
OSFAX Costs Over Time
On $10,000 invested in OSFAX, assuming 5% a year before costs, total costs come to $1,249 over 5 years, cutting the return by 2.14% 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 | $325 | $325 | $325 |
| Fund expenses (net expense ratio 1.39%) | $141 | $439 | $758 |
| Lost growth on money paid in costs | $16 | $73 | $167 |
| Total costs | $482 | $837 | $1,249 |
| Value after costs | $10,018 | $10,739 | $11,513 |
| Impact on return, per year | 4.82% | 2.59% | 2.14% |
OSFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $51.9M
- Portfolio turnover (prospectus): 71%
- Securities lending: none during the year
OSFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $11.2M | 23.45% |
| CITIGROUP GLOBAL MARKETS INC. | $6.6M | 13.94% |
| BARCLAYS CAPITAL INC. | $5.9M | 12.48% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $5.7M | 11.91% |
| CREDIT SUISSE SECURITIES (USA) LLC | $4.6M | 9.63% |
| MORGAN STANLEY & CO. LLC | $4.3M | 8.99% |
| GOLDMAN, SACHS & CO. | $4.2M | 8.87% |
| WELLS FARGO SECURITIES, LLC | $1.8M | 3.88% |
| DEUTSCHE BANK SECURITIES INC. | $1.8M | 3.73% |
| JEFFERIES LLC | $1.5M | 3.11% |
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.