PRN Fees and Costs — Invesco Dorsey Wright Industrials Momentum ETF
Data updated: 2026-09-28
The net expense ratio is 0.60%: a 0.50% management fee plus 0.19% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $128K in broker commissions, 0.0339% of average net assets, and portfolio turnover was 154%.
PRN Fees and Expenses
Annual operating expenses and sales charges of PRN. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.19% |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.09% |
| 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 | Yes |
PRN Costs Over Time
On $10,000 invested in PRN, assuming 5% a year before costs, total costs come to $399 over 5 years, cutting the return by 0.67% 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) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $67 | $219 | $399 |
| Value after costs | $10,433 | $11,357 | $12,363 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
PRN 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: $128K
- Bought from dealers (principal trades, not a cost): $833.8M
- Portfolio turnover (prospectus): 154%
- Securities on loan, average value: $50.7M
- Net income from securities lending: $92K (0.024% of average net assets)
PRN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $47K | 36.44% |
| MACQUARIE CAPITAL (USA) INC. | $37K | 28.73% |
| JEFFERIES LLC | $30K | 23.71% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $12K | 9.48% |
| RBC CAPITAL MARKETS, LLC | $2K | 1.44% |
| MORGAN STANLEY & CO. LLC | $109 | 0.08% |
| CITIGROUP GLOBAL MARKETS INC. | $80 | 0.06% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $28 | 0.02% |
| WELLS FARGO SECURITIES, LLC | $25 | 0.02% |
| UBS SECURITIES LLC | $24 | 0.02% |
PRN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE CAPITAL (USA) INC. | $342.3M | 41.23% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $268.6M | 32.35% |
| JEFFERIES LLC | $74.2M | 8.94% |
| CITADEL SECURITIES LLC | $48.3M | 5.82% |
| RBC CAPITAL MARKETS, LLC | $41.6M | 5.01% |
| GOLDMAN, SACHS & CO. | $17.0M | 2.04% |
| JANE STREET CAPITAL, LLC | $14.3M | 1.72% |
| ABN AMRO Clearing USA LLC | $10.8M | 1.30% |
| BNY MELLON CAPITAL MARKETS, LLC | $7.6M | 0.91% |
| VIRTU AMERICAS LLC | $5.6M | 0.68% |
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.