PSCD Fees and Costs — Invesco S&P SmallCap Consumer Discretionary ETF
Data updated: 2026-07-28
The net expense ratio is 0.29%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0157% of average net assets, and portfolio turnover was 27%.
PSCD Fees and Expenses
Annual operating expenses and sales charges of PSCD. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| 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 |
PSCD Costs Over Time
On $10,000 invested in PSCD, assuming 5% a year before costs, total costs come to $194 over 5 years, cutting the return by 0.32% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $32 | $106 | $194 |
| Value after costs | $10,468 | $11,470 | $12,569 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
PSCD 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): 0.0157%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $5.8M
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $7.4M
- Net income from securities lending: $12K (0.050% of average net assets)
PSCD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $3K | 76.72% |
| JEFFERIES LLC | $261 | 7.06% |
| COWEN AND COMPANY | $256 | 6.93% |
| CITADEL SECURITIES LLC | $118 | 3.19% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $88 | 2.40% |
| LOOP CAPITAL MARKETS LLC | $69 | 1.88% |
| WELLS FARGO SECURITIES, LLC | $33 | 0.91% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $15 | 0.40% |
| MORGAN STANLEY & CO. LLC | $13 | 0.34% |
| UBS SECURITIES LLC | $6 | 0.17% |
PSCD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $2.1M | 35.96% |
| CITADEL SECURITIES LLC | $2.0M | 33.91% |
| ABN AMRO CLEARING CHICAGO LLC | $994K | 17.19% |
| BNY MELLON CAPITAL MARKETS, LLC | $748K | 12.94% |
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.