MTRA Fees and Costs — Invesco International Growth Focus ETF
Data updated: 2026-09-28
The net expense ratio is 0.54%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $48K in broker commissions, 0.0626% of average net assets, and portfolio turnover was 32%.
MTRA Fees and Expenses
Annual operating expenses and sales charges of MTRA. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.54% |
| Fee waiver | — |
| Net expense ratio | 0.54% |
| 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 |
MTRA Costs Over Time
On $10,000 invested in MTRA, assuming 5% a year before costs, total costs come to $380 over 5 years, cutting the return by 0.63% 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 0.54%) | $57 | $178 | $309 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $208 | $380 |
| Value after costs | $10,437 | $11,368 | $12,383 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
MTRA 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): 0.0626%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): $171.9M
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $178K
- Net income from securities lending: $7K (0.009% of average net assets)
MTRA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $28K | 62.09% |
| JEFFERIES LLC | $4K | 9.07% |
| UBS SECURITIES LLC | $4K | 8.28% |
| VIRTU AMERICAS LLC | $3K | 7.00% |
| CITIGROUP GLOBAL MARKETS INC.` | $3K | 5.61% |
| NORDEA SECURITIES LLC | $978 | 2.16% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $903 | 1.99% |
| Optiver V.O.F. | $809 | 1.78% |
| HANDELSBANKEN MARKETS SECURITIES, INC. | $497 | 1.10% |
| MACQUARIE CAPITAL (USA) INC. | $416 | 0.92% |
MTRA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $118.7M | 69.03% |
| UBS SECURITIES LLC | $31.8M | 18.51% |
| BNY MELLON CAPITAL MARKETS, LLC | $21.4M | 12.46% |
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.