PSMG Fees and Costs — Invesco Growth Multi-Asset Allocation ETF
Data updated: 2023-06-28
The net expense ratio is 0.32%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $4K in broker commissions, 0.0154% of average net assets, and portfolio turnover was 34%.
PSMG Fees and Expenses
Annual operating expenses and sales charges of PSMG. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.32% |
| Fee waiver | — |
| Net expense ratio | 0.32% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PSMG Costs Over Time
On $10,000 invested in PSMG, assuming 5% a year before costs, total costs come to $213 over 5 years, cutting the return by 0.35% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $116 | $213 |
| Value after costs | $10,465 | $11,460 | $12,550 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
PSMG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0154%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $22.1M
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $72K (0.312% of average net assets)
PSMG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $2K | 55.54% |
| CITIGROUP GLOBAL MARKETS INC. | $1K | 33.93% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $189 | 5.33% |
| INVESCO CAPITAL MARKETS, INC. | $103 | 2.92% |
| GOLDMAN, SACHS & CO. | $81 | 2.29% |
PSMG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $14.3M | 64.55% |
| CITADEL SECURITIES LLC | $6.6M | 29.80% |
| GOLDMAN, SACHS & CO. | $672K | 3.04% |
| BNY MELLON CAPITAL MARKETS, LLC | $423K | 1.92% |
| VIRTU AMERICAS LLC | $153K | 0.69% |
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.