IMF Fees and Costs — Invesco Managed Futures Strategy ETF
Data updated: 2026-09-29
The net expense ratio is 0.65% (0.80% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $45K in broker commissions, 0.0159% of average net assets.
IMF Fees and Expenses
Annual operating expenses and sales charges of IMF. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.65% |
| 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 |
IMF Costs Over Time
On $10,000 invested in IMF, assuming 5% a year before costs, total costs come to $419 over 5 years, cutting the return by 0.70% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $230 | $419 |
| Value after costs | $10,430 | $11,347 | $12,343 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
IMF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0159%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): $583.1M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
IMF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $28K | 61.99% |
| CITIGROUP GLOBAL MARKETS INC. | $5K | 10.03% |
| GOLDMAN, SACHS & CO. | $5K | 9.94% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $2K | 4.98% |
| UBS SECURITIES LLC | $2K | 4.73% |
| BARCLAYS CAPITAL INC. | $2K | 4.33% |
| BNP PARIBAS SECURITIES CORP. | $2K | 4.00% |
IMF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $583.1M | 100.00% |
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.