GRPM Fees and Costs — Invesco S&P MidCap 400 GARP ETF
Data updated: 2026-09-28
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $104K in broker commissions, 0.0221% of average net assets, and portfolio turnover was 75%.
GRPM Fees and Expenses
Annual operating expenses and sales charges of GRPM. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
GRPM Costs Over Time
On $10,000 invested in GRPM, assuming 5% a year before costs, total costs come to $236 over 5 years, cutting the return by 0.39% 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 0.35%) | $37 | $115 | $201 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $129 | $236 |
| Value after costs | $10,461 | $11,448 | $12,527 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
GRPM 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): 0.0221%
- Total broker commissions: $104K
- Bought from dealers (principal trades, not a cost): $422.1M
- Portfolio turnover (prospectus): 75%
- Securities on loan, average value: $51.7M
- Net income from securities lending: $91K (0.019% of average net assets)
GRPM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $42K | 40.34% |
| TD Securities (USA) LLC | $31K | 29.92% |
| MORGAN STANLEY & CO. LLC | $12K | 11.90% |
| CITIGROUP GLOBAL MARKETS INC. | $10K | 9.59% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $7K | 6.69% |
| BARCLAYS CAPITAL INC. | $1K | 1.38% |
| RBC CAPITAL MARKETS, LLC | $130 | 0.12% |
| WELLS FARGO SECURITIES, LLC | $26 | 0.03% |
| UBS SECURITIES LLC | $18 | 0.02% |
| GOLDMAN, SACHS & CO. | $12 | 0.01% |
GRPM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD Securities (USA) LLC | $171.3M | 40.58% |
| JANE STREET CAPITAL, LLC | $88.8M | 21.03% |
| CITADEL SECURITIES LLC | $73.4M | 17.38% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $36.0M | 8.52% |
| GOLDMAN, SACHS & CO. | $25.4M | 6.01% |
| BNY MELLON CAPITAL MARKETS, LLC | $18.2M | 4.31% |
| VIRTU AMERICAS LLC | $9.1M | 2.16% |
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.