USLB Fees and Costs — Invesco Russell 1000 Low Beta Equal Weight ETF
Data updated: 2023-04-28
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2K in broker commissions, 0.0251% of average net assets, and portfolio turnover was 85%.
USLB Fees and Expenses
Annual operating expenses and sales charges of USLB. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
USLB Costs Over Time
On $10,000 invested in USLB, assuming 5% a year before costs, total costs come to $238 over 5 years, cutting the return by 0.39% 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 0.35%) | $37 | $115 | $201 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $39 | $130 | $238 |
| Value after costs | $10,461 | $11,446 | $12,525 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
USLB 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): 0.0251%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $3.5M
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $484K
- Net income from securities lending: $2K (0.016% of average net assets)
USLB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1K | 50.57% |
| GOLDMAN, SACHS & CO. | $1K | 48.36% |
| INVESCO CAPITAL MARKETS, INC. | $8 | 0.36% |
| CITIGROUP GLOBAL MARKETS INC. | $6 | 0.25% |
| CREDIT SUISSE SECURITIES (USA) LLC | $4 | 0.15% |
| COWEN AND COMPANY | $3 | 0.12% |
| JEFFERIES LLC | $2 | 0.07% |
| RAYMOND JAMES & ASSOCIATES, INC. | $1 | 0.04% |
| WELLS FARGO SECURITIES, LLC | $1 | 0.04% |
| STATE STREET GLOBAL MARKETS, LLC | $1 | 0.03% |
USLB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $1.8M | 50.66% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1.0M | 28.46% |
| BNY MELLON CAPITAL MARKETS, LLC | $703K | 19.80% |
| GOLDMAN, SACHS & CO. | $38K | 1.07% |
| ROBERTS & RYAN INVESTMENTS INC. | $662 | 0.02% |
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.