PNQI Fees and Costs — Invesco NASDAQ Internet ETF
Data updated: 2026-09-28
The net expense ratio is 0.60%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $13K in broker commissions, 0.0017% of average net assets, and portfolio turnover was 17%.
PNQI Fees and Expenses
Annual operating expenses and sales charges of PNQI. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
PNQI Costs Over Time
On $10,000 invested in PNQI, assuming 5% a year before costs, total costs come to $379 over 5 years, cutting the return by 0.63% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $208 | $379 |
| Value after costs | $10,437 | $11,369 | $12,383 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
PNQI 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): 0.0017%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $365.3M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $32.0M
- Net income from securities lending: $65K (0.009% of average net assets)
PNQI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $6K | 50.42% |
| WELLS FARGO SECURITIES, LLC | $2K | 18.57% |
| MORGAN STANLEY & CO. LLC | $2K | 15.64% |
| RBC CAPITAL MARKETS, LLC | $2K | 12.75% |
| CITIGROUP GLOBAL MARKETS INC. | $143 | 1.13% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $128 | 1.02% |
| BNY MELLON CAPITAL MARKETS, LLC | $42 | 0.33% |
| MIZUHO SECURITIES USA LLC | $12 | 0.10% |
| RAYMOND JAMES & ASSOCIATES, INC. | $3 | 0.02% |
| EVERCORE GROUP L.L.C. | $2 | 0.01% |
PNQI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL, LLC | $112.7M | 30.84% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $105.8M | 28.97% |
| RBC CAPITAL MARKETS, LLC | $59.5M | 16.30% |
| CITADEL SECURITIES LLC | $38.6M | 10.56% |
| BNP PARIBAS SECURITIES CORP. | $12.9M | 3.52% |
| VIRTU AMERICAS LLC | $11.6M | 3.17% |
| MORGAN STANLEY & CO. LLC | $10.3M | 2.81% |
| BNY MELLON CAPITAL MARKETS, LLC | $8.5M | 2.34% |
| GOLDMAN, SACHS & CO. | $4.4M | 1.19% |
| WELLS FARGO SECURITIES, LLC | $1.1M | 0.30% |
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.