PTF Fees and Costs — Invesco Dorsey Wright Technology Momentum ETF
Data updated: 2026-09-29
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 $419K in broker commissions, 0.0954% of average net assets, and portfolio turnover was 217%.
PTF Fees and Expenses
Annual operating expenses and sales charges of PTF. 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 |
PTF Costs Over Time
On $10,000 invested in PTF, assuming 5% a year before costs, total costs come to $438 over 5 years, cutting the return by 0.73% 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 | $343 |
| Trading costs (broker commissions) | $10 | $31 | $55 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $240 | $438 |
| Value after costs | $10,427 | $11,336 | $12,325 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
PTF 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): 0.0954%
- Total broker commissions: $419K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 217%
- Securities on loan, average value: $73.4M
- Net income from securities lending: $548K (0.125% of average net assets)
PTF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $180K | 43.10% |
| RBC CAPITAL MARKETS, LLC | $73K | 17.45% |
| MORGAN STANLEY & CO. LLC | $69K | 16.52% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $49K | 11.59% |
| CITIC SECURITIES INTERNATIONAL USA, LLC | $40K | 9.60% |
| BARCLAYS CAPITAL INC. | $5K | 1.20% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 0.44% |
| GOLDMAN, SACHS & CO. | $201 | 0.05% |
| KEYBANC CAPITAL MARKETS INC. | $138 | 0.03% |
| UBS SECURITIES LLC | $96 | 0.02% |
PTF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $297.8M | 27.88% |
| RBC CAPITAL MARKETS, LLC | $293.3M | 27.45% |
| MORGAN STANLEY & CO. LLC | $261.9M | 24.52% |
| CITADEL SECURITIES LLC | $72.4M | 6.78% |
| JANE STREET CAPITAL, LLC | $67.5M | 6.32% |
| GOLDMAN, SACHS & CO. | $37.2M | 3.48% |
| BNY MELLON CAPITAL MARKETS, LLC | $23.7M | 2.22% |
| VIRTU AMERICAS LLC | $10.6M | 0.99% |
| BNP PARIBAS SECURITIES CORP. | $3.9M | 0.36% |
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.