Invesco Canada reducing management fees for 9 ETFs

By Staff | July 23, 2018 | Last updated on July 23, 2018
2 min read

Invesco Canada is reducing the management fees for multiple ETFs and, separately, has introduced fee waivers for two funds.

On or about July 27, the names and fees of the affected funds (see charts below) will change. The funds will all trade under their new names starting July 31.

Management fee reductions

Tickers ETF name (and new name*) Previous management fee (%) New management fee (%)
PLV

PowerShares Low Volatility Portfolio ETF

(to be renamed Invesco Low Volatility Portfolio ETF)

0.55 0.37
PFH.F

PowerShares Fundamental High Yield Corporate Bond Index ETF

(to be renamed Invesco Fundamental High Yield Corporate Bond Index ETF)

0.65 0.55
BKL.C BKL.U BKL.F

PowerShares Senior Loan Index ETF

(to be renamed Invesco Senior Loan Index ETF)

0.80 0.72
ULV.C ULV.U ULV.F

PowerShares S&P 500 Low Volatility Index ETF

(to be renamed Invesco S&P 500 Low Volatility Index ETF)

0.35 0.30
PZW PZW.U PZW.F

PowerShares FTSE RAFI Global Small- Mid Fundamental ETF

(to be renamed Invesco FTSE RAFI Global Small-Mid ETF)

0.60 0.49
PXU.F

PowerShares FTSE RAFI U.S. Fundamental Index ETF

(to be renamed Invesco FTSE RAFI U.S. Index ETF)

0.55 0.44
PXS PXS.U

PowerShares FTSE RAFI U.S. Fundamental Index ETF II

(to be renamed Invesco FTSE RAFI U.S. Index ETF II)

0.55 0.44
DWG DWG.U DWG.F

PowerShares DWA Global Momentum Index ETF

(to be renamed Invesco DWA Global Momentum Index ETF)

0.15 0.05
QQC.F

PowerShares QQQ Index ETF

(to be renamed Invesco QQQ Index ETF)

0.32 0.25

Management fee waivers

Tickers ETF name (and new name*) Previous management fee (%)

Net management fee after waivers (%)

ELV

PowerShares S&P Emerging Markets Low Volatility Index ETF

(to be renamed Invesco S&P Emerging Markets Low Volatility Index ETF)

0.44 0.34
PXG PXG.U

PowerShares FTSE RAFI Global+ Fundamental Index ETF

(to be renamed Invesco FTSE RAFI Global+ Index ETF)

0.60 0.50††

Waiver will remain in effect until at least February 28, 2019. The 0.10% waiver is on an annualized basis; if the waiver is for less than a year the net management fee will be higher than 0.34%.

†† Waiver will remain in effect until at least December 31, 2019. The 0.10% waiver is on an annualized basis; if the waiver is for less than a year the net management fee will be higher than 0.50%.

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.