PVI Fees and Costs — Invesco Floating Rate Municipal Income ETF
Data updated: 2026-07-29
The net expense ratio is 0.25%. There are no sales loads or redemption fees. Portfolio turnover was 0%.
PVI Fees and Expenses
Annual operating expenses and sales charges of PVI. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PVI Costs Over Time
On $10,000 invested in PVI, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
PVI 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $31.6M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
PVI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $10.7M | 33.84% |
| BARCLAYS CAPITAL INC. | $5.6M | 17.69% |
| PIPER JAFFRAY & CO. | $4.2M | 13.27% |
| TD SECURITIES (USA) LLC | $3.2M | 10.24% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $2.0M | 6.45% |
| RBC CAPITAL MARKETS, LLC | $2.0M | 6.32% |
| PNC CAPITAL MARKETS LLC | $1.9M | 6.00% |
| GOLDMAN, SACHS & CO. | $900K | 2.84% |
| TRUIST SECURITIES, INC. | $750K | 2.37% |
| JEFFERIES LLC | $310K | 0.98% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.