GBLD Fees and Costs — Invesco MSCI Green Building ETF
Data updated: 2026-04-01
The net expense ratio is 0.39% (0.40% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0174% of average net assets, and portfolio turnover was 13%.
GBLD Fees and Expenses
Annual operating expenses and sales charges of GBLD. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.40% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.39% |
| 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 |
GBLD Costs Over Time
On $10,000 invested in GBLD, assuming 5% a year before costs, total costs come to $258 over 5 years, cutting the return by 0.43% 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 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $141 | $258 |
| Value after costs | $10,457 | $11,435 | $12,505 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
GBLD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0174%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $4.3M
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $921K
- Net income from securities lending: $3K (0.052% of average net assets)
GBLD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $443 | 44.30% |
| INVESCO CAPITAL MARKETS, INC. | $228 | 22.85% |
| BARCLAYS CAPITAL INC. | $87 | 8.67% |
| CITIGROUP GLOBAL MARKETS INC. | $66 | 6.59% |
| MORGAN STANLEY & CO. LLC | $59 | 5.90% |
| UBS SECURITIES LLC | $53 | 5.27% |
| RBC CAPITAL MARKETS, LLC | $23 | 2.33% |
| BTIG, LLC | $23 | 2.30% |
| MACQUARIE CAPITAL (USA) INC. | $10 | 0.96% |
| GOLDMAN, SACHS & CO. | $8 | 0.83% |
GBLD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $3.2M | 74.90% |
| BNY MELLON CAPITAL MARKETS, LLC | $1.1M | 25.10% |
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.