GRPZ Fees and Costs — Invesco S&P SmallCap 600 GARP ETF
Data updated: 2026-07-30
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $752 in broker commissions, 0.0314% of average net assets, and portfolio turnover was 81%.
GRPZ Fees and Expenses
Annual operating expenses and sales charges of GRPZ. Prospectus, as of December 31, 2025.
| 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 |
GRPZ Costs Over Time
On $10,000 invested in GRPZ, assuming 5% a year before costs, total costs come to $242 over 5 years, cutting the return by 0.40% 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) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $132 | $242 |
| Value after costs | $10,460 | $11,444 | $12,521 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
GRPZ 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): 0.0314%
- Total broker commissions: $752
- Bought from dealers (principal trades, not a cost): $2.6M
- Portfolio turnover (prospectus): 81%
- Securities on loan, average value: —
- Net income from securities lending: —
GRPZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $372 | 49.49% |
| MORGAN STANLEY & CO. LLC | $289 | 38.38% |
| COWEN AND COMPANY | $60 | 7.94% |
| CITADEL SECURITIES LLC | $20 | 2.66% |
| RBC CAPITAL MARKETS, LLC | $10 | 1.35% |
| WELLS FARGO SECURITIES, LLC | $1 | 0.11% |
| BARCLAYS CAPITAL INC. | $0 | 0.03% |
| UBS SECURITIES LLC | $0 | 0.02% |
| RAYMOND JAMES & ASSOCIATES, INC. | $0 | 0.01% |
| SANFORD C. BERNSTEIN & CO., LLC | $0 | 0.01% |
GRPZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2.0M | 76.56% |
| CITADEL SECURITIES LLC | $553K | 20.91% |
| BNY MELLON CAPITAL MARKETS, LLC | $67K | 2.53% |
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.