PBP Fees and Costs — Invesco S&P 500 BuyWrite ETF
Data updated: 2026-09-29
The net expense ratio is 0.29%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $18K in broker commissions, 0.0062% of average net assets, and portfolio turnover was 57%.
PBP Fees and Expenses
Annual operating expenses and sales charges of PBP. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| 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 |
PBP Costs Over Time
On $10,000 invested in PBP, assuming 5% a year before costs, total costs come to $188 over 5 years, cutting the return by 0.31% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $31 | $103 | $188 |
| Value after costs | $10,469 | $11,474 | $12,575 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
PBP 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): 0.0062%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $311.1M
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
PBP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $17K | 97.62% |
| INVESCO CAPITAL MARKETS, INC. | $228 | 1.28% |
| BARCLAYS CAPITAL INC. | $63 | 0.35% |
| CITIGROUP GLOBAL MARKETS INC. | $55 | 0.31% |
| MORGAN STANLEY & CO. LLC | $54 | 0.30% |
| RBC CAPITAL MARKETS, LLC | $15 | 0.08% |
| WELLS FARGO SECURITIES, LLC | $6 | 0.03% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $4 | 0.02% |
PBP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $213.2M | 68.52% |
| BNY MELLON CAPITAL MARKETS, LLC | $56.5M | 18.17% |
| GOLDMAN, SACHS & CO. | $16.3M | 5.24% |
| JANE STREET CAPITAL, LLC | $15.0M | 4.82% |
| MORGAN STANLEY & CO. LLC | $5.5M | 1.78% |
| VIRTU AMERICAS LLC | $4.6M | 1.47% |
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.