PGF Fees and Costs — Invesco Financial Preferred ETF
Data updated: 2026-09-28
The net expense ratio is 0.56%: a 0.50% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $63K in broker commissions, 0.0082% of average net assets, and portfolio turnover was 14%.
PGF Fees and Expenses
Annual operating expenses and sales charges of PGF. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.56% |
| Fee waiver | — |
| Net expense ratio | 0.56% |
| 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 |
PGF Costs Over Time
On $10,000 invested in PGF, assuming 5% a year before costs, total costs come to $358 over 5 years, cutting the return by 0.60% 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 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $196 | $358 |
| Value after costs | $10,440 | $11,380 | $12,404 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
PGF 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): 0.0082%
- Total broker commissions: $63K
- Bought from dealers (principal trades, not a cost): $259.2M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $25.5M
- Net income from securities lending: $581K (0.076% of average net assets)
PGF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $41K | 65.95% |
| WELLS FARGO SECURITIES, LLC | $21K | 34.05% |
PGF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $82.2M | 31.73% |
| JANE STREET EXECUTION SERVICES, LLC | $47.8M | 18.43% |
| JANE STREET CAPITAL, LLC | $34.2M | 13.20% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $28.4M | 10.97% |
| VIRTU AMERICAS LLC | $27.7M | 10.70% |
| GOLDMAN, SACHS & CO. | $25.5M | 9.83% |
| UBS SECURITIES LLC | $6.2M | 2.39% |
| ABN AMRO Clearing USA LLC | $4.1M | 1.60% |
| RBC CAPITAL MARKETS, LLC | $2.1M | 0.82% |
| BOKF, National Association | $900K | 0.35% |
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.