PICB Fees and Costs — Invesco International Corporate Bond ETF
Data updated: 2026-09-29
The net expense ratio is 0.50%. There are no sales loads or redemption fees. Portfolio turnover was 49%.
PICB Fees and Expenses
Annual operating expenses and sales charges of PICB. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
PICB Costs Over Time
On $10,000 invested in PICB, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% 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 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
PICB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $291.9M
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $852K
- Net income from securities lending: $3K (0.002% of average net assets)
PICB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL, LLC | $95.2M | 36.80% |
| BNP PARIBAS SECURITIES CORP. | $41.3M | 15.99% |
| MORGAN STANLEY & CO. LLC | $33.6M | 13.01% |
| BNY MELLON CAPITAL MARKETS, LLC | $26.6M | 10.30% |
| GOLDMAN, SACHS & CO. | $23.4M | 9.06% |
| RBC CAPITAL MARKETS, LLC | $11.2M | 4.32% |
| JANE STREET EXECUTION SERVICES, LLC | $9.2M | 3.57% |
| CITIGROUP GLOBAL MARKETS INC. | $7.5M | 2.92% |
| BMO CAPITAL MARKETS CORP. | $5.4M | 2.10% |
| DESJARDINS SECURITIES INTERNATIONAL INC. | $5.0M | 1.94% |
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.