VNYAX Fees and Costs — Invesco New York Tax Free Income Fund, Class A
Data updated: 2020-05-14
The net expense ratio is 1.21%: a 0.47% management fee, a 0.25% 12b-1 fee plus 0.49% other expenses. This share class carries a maximum front-end sales load of 4.25%. Portfolio turnover was 6%.
VNYAX Fees and Expenses
Annual operating expenses and sales charges of VNYAX. Prospectus, as of June 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.21% |
| Fee waiver | — |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| 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 |
VNYAX Costs Over Time
On $10,000 invested in VNYAX, assuming 5% a year before costs, total costs come to $1,264 over 5 years, cutting the return by 2.17% 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 | $425 | $425 | $425 |
| Fund expenses (net expense ratio 1.21%) | $122 | $379 | $655 |
| Lost growth on money paid in costs | $21 | $86 | $184 |
| Total costs | $568 | $890 | $1,264 |
| Value after costs | $9,932 | $10,687 | $11,499 |
| Impact on return, per year | 5.68% | 2.76% | 2.17% |
VNYAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 29, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $170.4M
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
VNYAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $52.5M | 32.46% |
| BARCLAYS CAPITAL INC. | $30.3M | 18.75% |
| MORGAN STANLEY & CO. LLC | $19.3M | 11.96% |
| J.P. MORGAN SECURITIES LLC | $14.2M | 8.80% |
| BOFA SECURITIES, INC. | $11.9M | 7.33% |
| JEFFERIES LLC | $10.2M | 6.30% |
| PNC CAPITAL MARKETS LLC | $7.9M | 4.88% |
| NATIONAL FINANCIAL SERVICES LLC | $6.9M | 4.25% |
| WELLS FARGO SECURITIES, LLC | $5.4M | 3.33% |
| CITIGROUP GLOBAL MARKETS INC. | $3.2M | 1.95% |
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.