PTH Fees and Costs — Invesco Dorsey Wright Healthcare Momentum ETF
Data updated: 2026-09-28
The net expense ratio is 0.60%: a 0.50% management fee plus 0.24% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $142K in broker commissions, 0.1255% of average net assets, and portfolio turnover was 239%.
PTH Fees and Expenses
Annual operating expenses and sales charges of PTH. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.24% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.14% |
| 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 |
PTH Costs Over Time
On $10,000 invested in PTH, assuming 5% a year before costs, total costs come to $456 over 5 years, cutting the return by 0.76% 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) | $13 | $41 | $72 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $250 | $456 |
| Value after costs | $10,424 | $11,326 | $12,307 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
PTH 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): 0.1255%
- Total broker commissions: $142K
- Bought from dealers (principal trades, not a cost): $79.7M
- Portfolio turnover (prospectus): 239%
- Securities on loan, average value: $29.0M
- Net income from securities lending: $149K (0.132% of average net assets)
PTH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $90K | 63.60% |
| JEFFERIES LLC | $27K | 18.85% |
| RBC CAPITAL MARKETS, LLC | $13K | 9.34% |
| MACQUARIE CAPITAL (USA) INC. | $6K | 4.47% |
| CITIC SECURITIES INTERNATIONAL USA, LLC | $4K | 2.98% |
| CITIGROUP GLOBAL MARKETS INC. | $707 | 0.50% |
| BNY MELLON CAPITAL MARKETS, LLC | $330 | 0.23% |
| UBS SECURITIES LLC | $13 | 0.01% |
| WELLS FARGO SECURITIES, LLC | $9 | 0.01% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $9 | 0.01% |
PTH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $39.5M | 49.58% |
| RBC CAPITAL MARKETS, LLC | $13.5M | 16.98% |
| BNY MELLON CAPITAL MARKETS, LLC | $10.4M | 13.00% |
| JANE STREET CAPITAL, LLC | $7.1M | 8.97% |
| CITADEL SECURITIES LLC | $5.3M | 6.63% |
| VIRTU AMERICAS LLC | $3.0M | 3.76% |
| ABN AMRO Clearing USA LLC | $788K | 0.99% |
| WELLS FARGO SECURITIES, LLC | $52K | 0.07% |
| EVERCORE GROUP L.L.C. | $22K | 0.03% |
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.