PBEE Fees and Costs — Invesco PureBeta FTSE Emerging Markets ETF
Data updated: 2023-06-29
The net expense ratio is 0.17% (0.21% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $6K in broker commissions, 0.0386% of average net assets, and portfolio turnover was 13%.
PBEE Fees and Expenses
Annual operating expenses and sales charges of PBEE. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.14% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.21% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.17% |
| 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 |
PBEE Costs Over Time
On $10,000 invested in PBEE, assuming 5% a year before costs, total costs come to $133 over 5 years, cutting the return by 0.22% 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 0.17%) | $18 | $56 | $98 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $72 | $133 |
| Value after costs | $10,478 | $11,504 | $12,630 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
PBEE 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): 0.0386%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $3.7M
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $894K
- Net income from securities lending: $6K (0.043% of average net assets)
PBEE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $3K | 56.04% |
| MORGAN STANLEY & CO. LLC | $2K | 31.07% |
| UBS SECURITIES LLC | $270 | 4.88% |
| INVESCO CAPITAL MARKETS, INC. | $143 | 2.59% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $135 | 2.44% |
| GOLDMAN, SACHS & CO. | $58 | 1.05% |
| MIZUHO SECURITIES USA LLC | $51 | 0.93% |
| CITIGROUP GLOBAL MARKETS INC. | $49 | 0.89% |
| RAYMOND JAMES & ASSOCIATES, INC. | $3 | 0.05% |
| STATE STREET GLOBAL MARKETS, LLC | $3 | 0.05% |
PBEE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $1.6M | 43.84% |
| BNY MELLON CAPITAL MARKETS, LLC | $1.5M | 40.28% |
| GOLDMAN, SACHS & CO. | $589K | 15.86% |
| ROBERTS & RYAN INVESTMENTS INC. | $664 | 0.02% |
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.