USEQ Fees and Costs — Invesco Russell 1000 Enhanced Equal Weight ETF
Data updated: 2023-04-28
The net expense ratio is 0.29%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $351 in broker commissions, 0.0119% of average net assets, and portfolio turnover was 37%.
USEQ Fees and Expenses
Annual operating expenses and sales charges of USEQ. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
USEQ Costs Over Time
On $10,000 invested in USEQ, assuming 5% a year before costs, total costs come to $191 over 5 years, cutting the return by 0.32% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $105 | $191 |
| Value after costs | $10,468 | $11,472 | $12,571 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
USEQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0119%
- Total broker commissions: $351
- Bought from dealers (principal trades, not a cost): $2.0M
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $161K
- Net income from securities lending: $322 (0.011% of average net assets)
USEQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $341 | 97.13% |
| INVESCO CAPITAL MARKETS, INC. | $4 | 1.23% |
| CITIGROUP GLOBAL MARKETS INC. | $2 | 0.67% |
| COWEN AND COMPANY | $1 | 0.26% |
| MIZUHO SECURITIES USA LLC | $1 | 0.23% |
| CREDIT SUISSE SECURITIES (USA) LLC | $1 | 0.22% |
| UBS SECURITIES LLC | $0 | 0.07% |
| JEFFERIES LLC | $0 | 0.07% |
| RAYMOND JAMES & ASSOCIATES, INC. | $0 | 0.07% |
| MORGAN STANLEY & CO. LLC | $0 | 0.05% |
USEQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $906K | 46.01% |
| GOLDMAN, SACHS & CO. | $867K | 44.02% |
| BNY MELLON CAPITAL MARKETS, LLC | $193K | 9.81% |
| WELLS FARGO SECURITIES, LLC | $3K | 0.17% |
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.