PSCI Fees and Costs — Invesco S&P SmallCap Industrials 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 $20K in broker commissions, 0.0115% of average net assets, and portfolio turnover was 32%.
PSCI Fees and Expenses
Annual operating expenses and sales charges of PSCI. 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 |
PSCI Costs Over Time
On $10,000 invested in PSCI, assuming 5% a year before costs, total costs come to $191 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) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $191 |
| Value after costs | $10,468 | $11,472 | $12,572 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
PSCI 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): 0.0115%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $157.8M
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $28.1M
- Net income from securities lending: $36K (0.021% of average net assets)
PSCI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $11K | 57.72% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $5K | 23.11% |
| MACQUARIE CAPITAL (USA) INC. | $1K | 5.67% |
| RBC CAPITAL MARKETS, LLC | $914 | 4.66% |
| JEFFERIES LLC | $387 | 1.97% |
| MORGAN STANLEY & CO. LLC | $359 | 1.83% |
| LOOP CAPITAL MARKETS LLC | $339 | 1.73% |
| CITADEL SECURITIES LLC | $250 | 1.27% |
| BARCLAYS CAPITAL INC. | $231 | 1.18% |
| COWEN AND COMPANY | $165 | 0.84% |
PSCI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $47.0M | 29.78% |
| CITADEL SECURITIES LLC | $45.5M | 28.81% |
| JANE STREET CAPITAL, LLC | $19.6M | 12.43% |
| VIRTU AMERICAS LLC | $14.5M | 9.21% |
| RBC CAPITAL MARKETS, LLC | $12.5M | 7.90% |
| ABN AMRO CLEARING CHICAGO LLC | $10.9M | 6.88% |
| BNY MELLON CAPITAL MARKETS, LLC | $7.9M | 4.98% |
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.