IBBQ Fees and Costs — Invesco Nasdaq Biotechnology ETF
Data updated: 2026-07-28
The net expense ratio is 0.19%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0096% of average net assets, and portfolio turnover was 17%.
IBBQ Fees and Expenses
Annual operating expenses and sales charges of IBBQ. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.19% |
| Fee waiver | — |
| Net expense ratio | 0.19% |
| 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 |
IBBQ Costs Over Time
On $10,000 invested in IBBQ, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.19%) | $20 | $63 | $110 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
IBBQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0096%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $18.2M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $9.3M
- Net income from securities lending: $63K (0.168% of average net assets)
IBBQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $2K | 50.22% |
| MORGAN STANLEY & CO. LLC | $2K | 45.68% |
| CITIGROUP GLOBAL MARKETS INC. | $101 | 2.78% |
| WELLS FARGO SECURITIES, LLC | $31 | 0.86% |
| BARCLAYS CAPITAL INC. | $13 | 0.35% |
| UBS SECURITIES LLC | $2 | 0.05% |
| GOLDMAN, SACHS & CO. | $1 | 0.02% |
| RBC CAPITAL MARKETS, LLC | $0 | 0.01% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $0 | 0.01% |
| LOOP CAPITAL MARKETS LLC | $0 | 0.01% |
IBBQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $8.6M | 46.92% |
| JANE STREET CAPITAL, LLC | $3.3M | 17.92% |
| RBC CAPITAL MARKETS, LLC | $2.2M | 12.20% |
| MORGAN STANLEY & CO. LLC | $1.2M | 6.41% |
| GOLDMAN, SACHS & CO. | $1.1M | 6.10% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1.0M | 5.50% |
| BNY MELLON CAPITAL MARKETS, LLC | $902K | 4.95% |
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.