PID Fees and Costs — Invesco International Dividend AchieversTM ETF
Data updated: 2026-09-28
The net expense ratio is 0.53%: a 0.40% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $299K in broker commissions, 0.0339% of average net assets, and portfolio turnover was 55%.
PID Fees and Expenses
Annual operating expenses and sales charges of PID. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.13% |
| Gross expense ratio | 0.53% |
| Fee waiver | — |
| Net expense ratio | 0.53% |
| 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 |
PID Costs Over Time
On $10,000 invested in PID, assuming 5% a year before costs, total costs come to $356 over 5 years, cutting the return by 0.59% 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 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $195 | $356 |
| Value after costs | $10,441 | $11,382 | $12,407 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
PID 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): 0.0339%
- Total broker commissions: $299K
- Bought from dealers (principal trades, not a cost): $471.1M
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $135.4M
- Net income from securities lending: $2.9M (0.323% of average net assets)
PID Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $207K | 69.39% |
| INVESCO CAPITAL MARKETS, INC. | $39K | 13.22% |
| MIZUHO SECURITIES USA LLC | $13K | 4.51% |
| STUART FRANKEL & CO., INC. | $13K | 4.49% |
| GUZMAN & COMPANY | $10K | 3.41% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $7K | 2.34% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $5K | 1.60% |
| TD Securities (USA) LLC | $2K | 0.81% |
| BTIG, LLC | $411 | 0.14% |
| GOLDMAN, SACHS & CO. | $301 | 0.10% |
PID Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $380.1M | 80.68% |
| BNY MELLON CAPITAL MARKETS, LLC | $49.2M | 10.45% |
| VIRTU AMERICAS LLC | $22.8M | 4.85% |
| GOLDMAN, SACHS & CO. | $12.6M | 2.68% |
| JANE STREET CAPITAL, LLC | $6.3M | 1.34% |
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.