PXI Fees and Costs — Invesco Dorsey Wright Energy Momentum ETF
Data updated: 2026-09-28
The net expense ratio is 0.60%: a 0.50% management fee plus 0.35% other expenses, less a 0.25% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $21K in broker commissions, 0.0432% of average net assets, and portfolio turnover was 106%.
PXI Fees and Expenses
Annual operating expenses and sales charges of PXI. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.35% |
| Gross expense ratio | 0.85% |
| Fee waiver | −0.25% |
| 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 |
PXI Costs Over Time
On $10,000 invested in PXI, assuming 5% a year before costs, total costs come to $405 over 5 years, cutting the return by 0.68% 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) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $68 | $222 | $405 |
| Value after costs | $10,432 | $11,354 | $12,358 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
PXI 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): 0.0432%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $52.5M
- Portfolio turnover (prospectus): 106%
- Securities on loan, average value: $8.3M
- Net income from securities lending: $19K (0.038% of average net assets)
PXI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $20K | 91.71% |
| MORGAN STANLEY & CO. LLC | $2K | 7.74% |
| MIZUHO SECURITIES USA LLC | $35 | 0.16% |
| CITIGROUP GLOBAL MARKETS INC. | $19 | 0.09% |
| WELLS FARGO SECURITIES, LLC | $13 | 0.06% |
| UBS SECURITIES LLC | $12 | 0.06% |
| GOLDMAN, SACHS & CO. | $12 | 0.06% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $11 | 0.05% |
| RBC CAPITAL MARKETS, LLC | $9 | 0.04% |
| BARCLAYS CAPITAL INC. | $7 | 0.03% |
PXI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $15.9M | 30.38% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $10.0M | 19.00% |
| CITADEL SECURITIES LLC | $8.0M | 15.23% |
| MORGAN STANLEY & CO. LLC | $5.0M | 9.49% |
| ABN AMRO Clearing USA LLC | $4.5M | 8.55% |
| JANE STREET CAPITAL, LLC | $4.0M | 7.63% |
| BNY MELLON CAPITAL MARKETS, LLC | $3.3M | 6.31% |
| VIRTU AMERICAS LLC | $1.8M | 3.37% |
| WELLS FARGO SECURITIES, LLC | $10K | 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.