PGJ Fees and Costs — Invesco Golden Dragon China ETF
Data updated: 2026-09-28
The net expense ratio is 0.70%: a 0.50% management fee plus 0.20% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $50K in broker commissions, 0.0366% of average net assets, and portfolio turnover was 23%.
PGJ Fees and Expenses
Annual operating expenses and sales charges of PGJ. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.20% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
PGJ Costs Over Time
On $10,000 invested in PGJ, assuming 5% a year before costs, total costs come to $463 over 5 years, cutting the return by 0.77% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $254 | $463 |
| Value after costs | $10,423 | $11,322 | $12,300 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
PGJ 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): 0.0366%
- Total broker commissions: $50K
- Bought from dealers (principal trades, not a cost): $58.7M
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $24.3M
- Net income from securities lending: $1.5M (1.100% of average net assets)
PGJ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $28K | 55.44% |
| MORGAN STANLEY & CO. LLC | $7K | 13.66% |
| INVESCO CAPITAL MARKETS, INC. | $7K | 13.08% |
| MIZUHO SECURITIES USA LLC | $5K | 9.75% |
| TD Securities (USA) LLC | $2K | 3.77% |
| GUZMAN & COMPANY | $2K | 3.22% |
| WELLS FARGO SECURITIES, LLC | $142 | 0.29% |
| UBS SECURITIES LLC | $139 | 0.28% |
| CITIGROUP GLOBAL MARKETS INC. | $132 | 0.27% |
| GOLDMAN, SACHS & CO. | $126 | 0.25% |
PGJ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $14.9M | 25.46% |
| VIRTU AMERICAS LLC | $14.5M | 24.62% |
| CITADEL SECURITIES LLC | $7.0M | 11.94% |
| RBC CAPITAL MARKETS, LLC | $6.4M | 10.87% |
| GOLDMAN, SACHS & CO. | $5.5M | 9.41% |
| BNP PARIBAS SECURITIES CORP. | $3.8M | 6.48% |
| JANE STREET CAPITAL, LLC | $3.5M | 5.91% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $3.1M | 5.32% |
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.