PLW - Invesco to reduce waive off fees at 3 ETFs

2023-06-29 12:40:28 ET

• Asset management firm Invesco ( NYSE: IVZ ) said on Thursday that it will reduce or waive off fees at three of its ETFs.
• The company reduced its management fee for Invesco 1-30 Laddered Treasury ETF ( NASDAQ: PLW ) to 15 basis points from 25 basis points, effective June 26 market open.
• Meanwhile, the company has agreed to waive a portion of its management fee for Invesco Total Return Bond ETF ( NYSEARCA: GTO ) through Aug. 31, 2025. The waive off is effective from June 28 market open. GTO's net unitary management fee will be 25 basis points.
• Also, Invesco is set to waive its entire management fee for Invesco AAA CLO Floating Rate Note ETF ( ICLO ) through Dec. 31. ICLO's total expense ratio will be 0 basis points through Dec. 31.
• Source: Press Release

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