PBDM Fees and Costs — Invesco PureBeta FTSE Developed ex-North America ETF
Data updated: 2023-06-29
The net expense ratio is 0.07%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $5K in broker commissions, 0.0052% of average net assets, and portfolio turnover was 6%.
PBDM Fees and Expenses
Annual operating expenses and sales charges of PBDM. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.07% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| 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 |
PBDM Costs Over Time
On $10,000 invested in PBDM, assuming 5% a year before costs, total costs come to $48 over 5 years, cutting the return by 0.08% 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 0.07%) | $7 | $23 | $41 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $8 | $26 | $48 |
| Value after costs | $10,492 | $11,550 | $12,715 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
PBDM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0052%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $51.2M
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $4.4M
- Net income from securities lending: $21K (0.023% of average net assets)
PBDM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $3K | 64.01% |
| CREDIT SUISSE SECURITIES (USA) LLC | $2K | 32.12% |
| CITIGROUP GLOBAL MARKETS INC. | $79 | 1.63% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $72 | 1.48% |
| GOLDMAN, SACHS & CO. | $25 | 0.53% |
| BARCLAYS CAPITAL INC. | $12 | 0.24% |
PBDM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $37.4M | 73.12% |
| BNY MELLON CAPITAL MARKETS, LLC | $13.8M | 26.88% |
| CREDIT SUISSE SECURITIES (USA) LLC | $11 | 0.00% |
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.