KNCT Fees and Costs — Invesco Next Gen Connectivity ETF
Data updated: 2026-09-28
The net expense ratio is 0.40%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $11K in broker commissions, 0.0159% of average net assets, and portfolio turnover was 19%.
KNCT Fees and Expenses
Annual operating expenses and sales charges of KNCT. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| 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 |
KNCT Costs Over Time
On $10,000 invested in KNCT, assuming 5% a year before costs, total costs come to $263 over 5 years, cutting the return by 0.44% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $144 | $263 |
| Value after costs | $10,456 | $11,432 | $12,500 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
KNCT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0159%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $80.8M
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $4K (0.006% of average net assets)
KNCT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $6K | 57.78% |
| UBS SECURITIES LLC | $2K | 20.43% |
| GOLDMAN, SACHS & CO. | $893 | 7.95% |
| INVESCO CAPITAL MARKETS, INC. | $389 | 3.46% |
| CITIGROUP GLOBAL MARKETS INC. | $373 | 3.32% |
| JEFFERIES LLC | $299 | 2.66% |
| TD Securities (USA) LLC | $209 | 1.86% |
| MIZUHO SECURITIES USA LLC | $108 | 0.96% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $96 | 0.86% |
| VIRTU AMERICAS LLC | $81 | 0.72% |
KNCT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $55.7M | 68.92% |
| BNY MELLON CAPITAL MARKETS, LLC | $9.7M | 12.05% |
| GOLDMAN, SACHS & CO. | $6.4M | 7.97% |
| UBS SECURITIES LLC | $5.4M | 6.73% |
| JANE STREET CAPITAL, LLC | $2.5M | 3.14% |
| VIRTU AMERICAS LLC | $952K | 1.18% |
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.