PUI Fees and Costs — Invesco Dorsey Wright Utilities Momentum ETF
Data updated: 2026-09-28
The net expense ratio is 0.60%: a 0.50% management fee plus 0.32% other expenses, less a 0.22% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $17K in broker commissions, 0.0272% of average net assets, and portfolio turnover was 58%.
PUI Fees and Expenses
Annual operating expenses and sales charges of PUI. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.32% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.22% |
| 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 |
PUI Costs Over Time
On $10,000 invested in PUI, assuming 5% a year before costs, total costs come to $395 over 5 years, cutting the return by 0.66% 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 | $344 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $216 | $395 |
| Value after costs | $10,434 | $11,360 | $12,368 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
PUI 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): 0.0272%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $71.9M
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $6.6M
- Net income from securities lending: $22K (0.035% of average net assets)
PUI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $13K | 80.14% |
| MORGAN STANLEY & CO. LLC | $3K | 19.02% |
| CITIGROUP GLOBAL MARKETS INC. | $35 | 0.21% |
| MIZUHO SECURITIES USA LLC | $24 | 0.15% |
| UBS SECURITIES LLC | $19 | 0.11% |
| TD Securities (USA) LLC | $19 | 0.11% |
| WELLS FARGO SECURITIES, LLC | $14 | 0.08% |
| GOLDMAN, SACHS & CO. | $13 | 0.08% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $11 | 0.07% |
| RBC CAPITAL MARKETS, LLC | $5 | 0.03% |
PUI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $24.6M | 34.16% |
| CITADEL SECURITIES LLC | $14.0M | 19.45% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $11.2M | 15.64% |
| VIRTU AMERICAS LLC | $7.8M | 10.81% |
| RBC CAPITAL MARKETS, LLC | $7.2M | 10.05% |
| BNY MELLON CAPITAL MARKETS, LLC | $4.9M | 6.76% |
| BNP PARIBAS SECURITIES CORP. | $895K | 1.24% |
| JANE STREET CAPITAL, LLC | $857K | 1.19% |
| MORGAN STANLEY & CO. LLC | $483K | 0.67% |
| WELLS FARGO SECURITIES, LLC | $15K | 0.02% |
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.