EQAL Fees and Costs — Invesco Russell 1000 Equal Weight ETF
Data updated: 2026-07-30
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $106K in broker commissions, 0.0167% of average net assets, and portfolio turnover was 31%.
EQAL Fees and Expenses
Annual operating expenses and sales charges of EQAL. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
EQAL Costs Over Time
On $10,000 invested in EQAL, assuming 5% a year before costs, total costs come to $138 over 5 years, cutting the return by 0.23% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $23 | $75 | $138 |
| Value after costs | $10,477 | $11,501 | $12,625 |
| Impact on return, per year | 0.23% | 0.23% | 0.23% |
EQAL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0167%
- Total broker commissions: $106K
- Bought from dealers (principal trades, not a cost): $185.0M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $74.5M
- Net income from securities lending: $271K (0.043% of average net assets)
EQAL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $79K | 74.43% |
| CITIGROUP GLOBAL MARKETS INC. | $13K | 12.48% |
| MORGAN STANLEY & CO. LLC | $7K | 6.14% |
| BARCLAYS CAPITAL INC. | $2K | 2.33% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $2K | 1.67% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $2K | 1.63% |
| CITADEL SECURITIES LLC | $869 | 0.82% |
| RBC CAPITAL MARKETS, LLC | $302 | 0.28% |
| LOOP CAPITAL MARKETS LLC | $114 | 0.11% |
| BTIG, LLC | $103 | 0.10% |
EQAL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $43.1M | 23.32% |
| BNY MELLON CAPITAL MARKETS, LLC | $42.9M | 23.19% |
| VIRTU AMERICAS LLC | $38.2M | 20.66% |
| CITADEL SECURITIES LLC | $24.3M | 13.16% |
| RBC CAPITAL MARKETS, LLC | $18.2M | 9.82% |
| JANE STREET CAPITAL, LLC | $12.2M | 6.58% |
| GOLDMAN, SACHS & CO. | $6.0M | 3.26% |
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.