POWA Fees and Costs — Invesco Bloomberg Pricing Power ETF
Data updated: 2026-07-28
The net expense ratio is 0.40%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $18K in broker commissions, 0.0097% of average net assets, and portfolio turnover was 91%.
POWA Fees and Expenses
Annual operating expenses and sales charges of POWA. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| 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 |
POWA Costs Over Time
On $10,000 invested in POWA, assuming 5% a year before costs, total costs come to $259 over 5 years, cutting the return by 0.43% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $142 | $259 |
| Value after costs | $10,457 | $11,435 | $12,504 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
POWA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0097%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $188.0M
- Portfolio turnover (prospectus): 91%
- Securities on loan, average value: $21.1M
- Net income from securities lending: $27K (0.014% of average net assets)
POWA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $10K | 54.14% |
| COWEN AND COMPANY | $4K | 22.63% |
| MACQUARIE CAPITAL (USA) INC. | $4K | 22.53% |
| CITIGROUP GLOBAL MARKETS INC. | $74 | 0.40% |
| EVERCORE GROUP L.L.C. | $14 | 0.07% |
| BARCLAYS CAPITAL INC. | $10 | 0.06% |
| WELLS FARGO SECURITIES, LLC | $10 | 0.06% |
| UBS SECURITIES LLC | $8 | 0.04% |
| RBC CAPITAL MARKETS, LLC | $6 | 0.03% |
| GOLDMAN, SACHS & CO. | $5 | 0.03% |
POWA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| COWEN AND COMPANY | $84.8M | 45.12% |
| MACQUARIE CAPITAL (USA) INC. | $56.5M | 30.08% |
| CITADEL SECURITIES LLC | $16.6M | 8.85% |
| GOLDMAN, SACHS & CO. | $11.9M | 6.33% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $11.5M | 6.09% |
| BNY MELLON CAPITAL MARKETS, LLC | $6.6M | 3.52% |
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.