PXH Fees and Costs — Invesco RAFI Emerging Markets ETF
Data updated: 2026-09-29
The net expense ratio is 0.47%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $367K in broker commissions, 0.0264% of average net assets, and portfolio turnover was 27%.
PXH Fees and Expenses
Annual operating expenses and sales charges of PXH. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| 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 | No |
PXH Costs Over Time
On $10,000 invested in PXH, assuming 5% a year before costs, total costs come to $314 over 5 years, cutting the return by 0.52% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $172 | $314 |
| Value after costs | $10,448 | $11,405 | $12,449 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
PXH Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0264%
- Total broker commissions: $367K
- Bought from dealers (principal trades, not a cost): $515.6M
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $38.6M
- Net income from securities lending: $292K (0.021% of average net assets)
PXH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $122K | 33.92% |
| MORGAN STANLEY & CO. LLC | $83K | 23.01% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $81K | 22.53% |
| Jefferies Hong Kong Limited | $29K | 7.93% |
| GOLDMAN, SACHS & CO. | $16K | 4.46% |
| INVESCO CAPITAL MARKETS, INC. | $16K | 4.40% |
| RBC CAPITAL MARKETS, LLC | $5K | 1.39% |
| BTIG, LLC | $4K | 0.98% |
| GUZMAN & COMPANY | $3K | 0.76% |
| BOFA SECURITIES, INC. | $2K | 0.64% |
PXH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $488.9M | 94.81% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $11.9M | 2.30% |
| MORGAN STANLEY & CO. LLC | $10.7M | 2.07% |
| UBS SECURITIES LLC | $4.2M | 0.81% |
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.