PEY Fees and Costs — Invesco High Yield Equity Dividend AchieversTM ETF
Data updated: 2026-09-28
The net expense ratio is 0.68%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $279K in broker commissions, 0.0260% of average net assets, and portfolio turnover was 56%.
PEY Fees and Expenses
Annual operating expenses and sales charges of PEY. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.12% |
| Gross expense ratio | 0.68% |
| Fee waiver | — |
| Net expense ratio | 0.68% |
| 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 | Yes |
PEY Costs Over Time
On $10,000 invested in PEY, assuming 5% a year before costs, total costs come to $444 over 5 years, cutting the return by 0.74% 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 0.68%) | $71 | $223 | $389 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $11 | $41 |
| Total costs | $74 | $243 | $444 |
| Value after costs | $10,426 | $11,333 | $12,319 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
PEY 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): 0.0260%
- Total broker commissions: $279K
- Bought from dealers (principal trades, not a cost): $741.4M
- Portfolio turnover (prospectus): 56%
- Securities on loan, average value: $86.0M
- Net income from securities lending: $611K (0.057% of average net assets)
PEY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $100K | 36.61% |
| CITIGROUP GLOBAL MARKETS INC. | $42K | 15.27% |
| INVESCO CAPITAL MARKETS, INC. | $36K | 13.36% |
| STUART FRANKEL & CO., INC. | $28K | 10.34% |
| MORGAN STANLEY & CO. LLC | $22K | 7.90% |
| JEFFERIES LLC | $15K | 5.63% |
| GUZMAN & COMPANY | $9K | 3.28% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $9K | 3.15% |
| MIZUHO SECURITIES USA LLC | $7K | 2.69% |
| TD Securities (USA) LLC | $5K | 1.78% |
PEY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $499.7M | 67.41% |
| BNY MELLON CAPITAL MARKETS, LLC | $113.3M | 15.28% |
| CITADEL SECURITIES LLC | $51.7M | 6.97% |
| RBC CAPITAL MARKETS, LLC | $43.5M | 5.87% |
| JANE STREET CAPITAL, LLC | $11.2M | 1.51% |
| VIRTU AMERICAS LLC | $9.6M | 1.29% |
| MORGAN STANLEY & CO. LLC | $7.9M | 1.07% |
| ABN AMRO Clearing USA LLC | $3.4M | 0.46% |
| GOLDMAN, SACHS & CO. | $1.1M | 0.14% |
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.