BMVP Fees and Costs — Invesco Bloomberg MVP Multi-factor ETF
Data updated: 2026-09-28
The net expense ratio is 0.29%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $21K in broker commissions, 0.0200% of average net assets, and portfolio turnover was 176%.
BMVP Fees and Expenses
Annual operating expenses and sales charges of BMVP. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| 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 |
BMVP Costs Over Time
On $10,000 invested in BMVP, assuming 5% a year before costs, total costs come to $197 over 5 years, cutting the return by 0.33% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $107 | $197 |
| Value after costs | $10,467 | $11,469 | $12,566 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
BMVP 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): 0.0200%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $22.4M
- Portfolio turnover (prospectus): 176%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $3K (0.003% of average net assets)
BMVP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $21K | 99.63% |
| MIZUHO SECURITIES USA LLC | $17 | 0.08% |
| TD Securities (USA) LLC | $17 | 0.08% |
| GOLDMAN, SACHS & CO. | $10 | 0.05% |
| WELLS FARGO SECURITIES, LLC | $7 | 0.04% |
| MORGAN STANLEY & CO. LLC | $7 | 0.03% |
| CITIGROUP GLOBAL MARKETS INC. | $7 | 0.03% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $5 | 0.02% |
| UBS SECURITIES LLC | $4 | 0.02% |
| RAYMOND JAMES & ASSOCIATES, INC. | $4 | 0.02% |
BMVP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $16.0M | 71.40% |
| BNY MELLON CAPITAL MARKETS, LLC | $4.5M | 19.86% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $986K | 4.39% |
| VIRTU AMERICAS LLC | $954K | 4.25% |
| WELLS FARGO SECURITIES, LLC | $20K | 0.09% |
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.