PSCE Fees and Costs — Invesco S&P SmallCap Energy 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 $49K in broker commissions, 0.0656% of average net assets, and portfolio turnover was 31%.
PSCE Fees and Expenses
Annual operating expenses and sales charges of PSCE. 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 |
PSCE Costs Over Time
On $10,000 invested in PSCE, assuming 5% a year before costs, total costs come to $225 over 5 years, cutting the return by 0.37% 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) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $37 | $123 | $225 |
| Value after costs | $10,463 | $11,453 | $12,538 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
PSCE 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): 0.0656%
- Total broker commissions: $49K
- Bought from dealers (principal trades, not a cost): $68.1M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $22.4M
- Net income from securities lending: $34K (0.046% of average net assets)
PSCE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $46K | 94.42% |
| BARCLAYS CAPITAL INC. | $2K | 3.29% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $719 | 1.47% |
| MORGAN STANLEY & CO. LLC | $168 | 0.34% |
| MIZUHO SECURITIES USA LLC | $133 | 0.27% |
| RBC CAPITAL MARKETS, LLC | $51 | 0.10% |
| EVERCORE GROUP L.L.C. | $14 | 0.03% |
| UBS SECURITIES LLC | $12 | 0.02% |
| RAYMOND JAMES & ASSOCIATES, INC. | $10 | 0.02% |
| CITIGROUP GLOBAL MARKETS INC. | $9 | 0.02% |
PSCE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $23.2M | 34.11% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $16.7M | 24.47% |
| JANE STREET CAPITAL, LLC | $11.2M | 16.49% |
| ABN AMRO CLEARING CHICAGO LLC | $5.4M | 7.92% |
| BNY MELLON CAPITAL MARKETS, LLC | $5.0M | 7.31% |
| GOLDMAN, SACHS & CO. | $4.1M | 6.04% |
| RBC CAPITAL MARKETS, LLC | $1.5M | 2.14% |
| VIRTU AMERICAS LLC | $1.0M | 1.52% |
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.