IMFL Fees and Costs — Invesco International Developed Dynamic Multifactor ETF
Data updated: 2026-07-30
The net expense ratio is 0.34%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $207K in broker commissions, 0.0400% of average net assets, and portfolio turnover was 65%.
IMFL Fees and Expenses
Annual operating expenses and sales charges of IMFL. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.34% |
| Fee waiver | — |
| Net expense ratio | 0.34% |
| 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 |
IMFL Costs Over Time
On $10,000 invested in IMFL, assuming 5% a year before costs, total costs come to $241 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 0.34%) | $36 | $112 | $196 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $131 | $241 |
| Value after costs | $10,460 | $11,445 | $12,522 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
IMFL 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): 0.0400%
- Total broker commissions: $207K
- Bought from dealers (principal trades, not a cost): $205.8M
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $10.8M
- Net income from securities lending: $50K (0.010% of average net assets)
IMFL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $93K | 45.19% |
| BTIG, LLC | $35K | 16.88% |
| UBS SECURITIES LLC | $23K | 11.08% |
| BARCLAYS CAPITAL INC. | $18K | 8.92% |
| RBC CAPITAL MARKETS, LLC | $17K | 8.15% |
| CITIGROUP GLOBAL MARKETS INC. | $9K | 4.37% |
| INVESCO CAPITAL MARKETS, INC. | $4K | 1.80% |
| MORGAN STANLEY & CO. LLC | $3K | 1.70% |
| Jefferies Hong Kong Limited | $2K | 1.05% |
| ITG INC. | $2K | 0.85% |
IMFL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $81.9M | 39.78% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $66.6M | 32.37% |
| BNY MELLON CAPITAL MARKETS, LLC | $47.5M | 23.09% |
| UBS SECURITIES LLC | $9.8M | 4.76% |
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.