PBND Fees and Costs — Invesco PureBetaSM US Aggregate Bond ETF
Data updated: 2023-07-31
The net expense ratio is 0.05%. There are no sales loads or redemption fees. Portfolio turnover was 23%.
PBND Fees and Expenses
Annual operating expenses and sales charges of PBND. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.05% |
| Fee waiver | — |
| Net expense ratio | 0.05% |
| 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 |
PBND Costs Over Time
On $10,000 invested in PBND, assuming 5% a year before costs, total costs come to $32 over 5 years, cutting the return by 0.05% 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 0.05%) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $5 | $17 | $32 |
| Value after costs | $10,495 | $11,559 | $12,731 |
| Impact on return, per year | 0.05% | 0.05% | 0.05% |
PBND Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $94.4M
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $696K
- Net income from securities lending: $3K (0.008% of average net assets)
PBND Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $54.6M | 59.48% |
| BNY MELLON CAPITAL MARKETS, LLC | $28.3M | 30.84% |
| DEUTSCHE BANK SECURITIES INC. | $1.7M | 1.84% |
| HSBC SECURITIES (USA) INC. | $1.6M | 1.69% |
| BOFA SECURITIES, INC. | $1.2M | 1.33% |
| GOLDMAN, SACHS & CO. | $1.1M | 1.25% |
| CITIGROUP GLOBAL MARKETS INC. | $1.1M | 1.24% |
| WELLS FARGO SECURITIES, LLC | $996K | 1.09% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $596K | 0.65% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $542K | 0.59% |
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.