PXE Fees and Costs — Invesco Energy Exploration & Production ETF
Data updated: 2026-09-28
The net expense ratio is 0.63%: a 0.50% management fee plus 0.17% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $27K in broker commissions, 0.0334% of average net assets, and portfolio turnover was 62%.
PXE Fees and Expenses
Annual operating expenses and sales charges of PXE. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.17% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.63% |
| 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 |
PXE Costs Over Time
On $10,000 invested in PXE, assuming 5% a year before costs, total costs come to $418 over 5 years, cutting the return by 0.70% 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 0.63%) | $66 | $207 | $360 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $229 | $418 |
| Value after costs | $10,430 | $11,347 | $12,345 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
PXE 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): 0.0334%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $101.2M
- Portfolio turnover (prospectus): 62%
- Securities on loan, average value: $9.8M
- Net income from securities lending: $89K (0.112% of average net assets)
PXE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $11K | 42.63% |
| JEFFERIES LLC | $9K | 34.12% |
| MACQUARIE CAPITAL (USA) INC. | $6K | 21.84% |
| CITIGROUP GLOBAL MARKETS INC. | $141 | 0.53% |
| MIZUHO SECURITIES USA LLC | $113 | 0.42% |
| MORGAN STANLEY & CO. LLC | $32 | 0.12% |
| UBS SECURITIES LLC | $26 | 0.10% |
| GOLDMAN, SACHS & CO. | $23 | 0.09% |
| WELLS FARGO SECURITIES, LLC | $22 | 0.08% |
| BARCLAYS CAPITAL INC. | $18 | 0.07% |
PXE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $33.3M | 32.92% |
| JANE STREET CAPITAL, LLC | $20.3M | 20.03% |
| CITADEL SECURITIES LLC | $18.8M | 18.53% |
| VIRTU AMERICAS LLC | $17.0M | 16.82% |
| BNY MELLON CAPITAL MARKETS, LLC | $6.6M | 6.48% |
| BNP PARIBAS SECURITIES CORP. | $4.3M | 4.27% |
| GOLDMAN, SACHS & CO. | $871K | 0.86% |
| WELLS FARGO SECURITIES, LLC | $81K | 0.08% |
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.