PKB Fees and Costs — Invesco Building & Construction ETF
Data updated: 2026-09-28
The net expense ratio is 0.57%: a 0.50% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $79K in broker commissions, 0.0246% of average net assets, and portfolio turnover was 97%.
PKB Fees and Expenses
Annual operating expenses and sales charges of PKB. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.57% |
| Fee waiver | — |
| Net expense ratio | 0.57% |
| 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 |
PKB Costs Over Time
On $10,000 invested in PKB, assuming 5% a year before costs, total costs come to $375 over 5 years, cutting the return by 0.62% 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 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $205 | $375 |
| Value after costs | $10,438 | $11,371 | $12,388 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
PKB 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): 0.0246%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): $632.4M
- Portfolio turnover (prospectus): 97%
- Securities on loan, average value: $15.1M
- Net income from securities lending: $38K (0.012% of average net assets)
PKB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $27K | 34.04% |
| RBC CAPITAL MARKETS, LLC | $18K | 23.39% |
| BARCLAYS CAPITAL INC. | $17K | 21.99% |
| INVESCO CAPITAL MARKETS, INC. | $16K | 20.45% |
| MIZUHO SECURITIES USA LLC | $66 | 0.08% |
| CITIGROUP GLOBAL MARKETS INC. | $20 | 0.03% |
| GOLDMAN, SACHS & CO. | $6 | 0.01% |
| MORGAN STANLEY & CO. LLC | $6 | 0.01% |
| UBS SECURITIES LLC | $3 | 0.00% |
| WELLS FARGO SECURITIES, LLC | $3 | 0.00% |
PKB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $255.8M | 40.44% |
| BARCLAYS CAPITAL INC. | $200.3M | 31.66% |
| CITADEL SECURITIES LLC | $88.8M | 14.04% |
| JANE STREET CAPITAL, LLC | $31.1M | 4.91% |
| RBC CAPITAL MARKETS, LLC | $21.0M | 3.32% |
| VIRTU AMERICAS LLC | $17.3M | 2.74% |
| GOLDMAN, SACHS & CO. | $6.2M | 0.98% |
| BNY MELLON CAPITAL MARKETS, LLC | $6.1M | 0.97% |
| BNP PARIBAS SECURITIES CORP. | $5.9M | 0.93% |
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.