QVMT Fees and Costs — Invesco S&P 500 Enhanced Value ETF
Data updated: 2026-07-28
The net expense ratio is 0.13%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0082% of average net assets, and portfolio turnover was 31%.
QVMT Fees and Expenses
Annual operating expenses and sales charges of QVMT. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.13% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.13% |
| Fee waiver | — |
| Net expense ratio | 0.13% |
| 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 |
QVMT Costs Over Time
On $10,000 invested in QVMT, assuming 5% a year before costs, total costs come to $88 over 5 years, cutting the return by 0.15% 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 0.13%) | $14 | $43 | $75 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $15 | $48 | $88 |
| Value after costs | $10,485 | $11,528 | $12,675 |
| Impact on return, per year | 0.15% | 0.15% | 0.15% |
QVMT 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): 0.0082%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $114.4M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $2.8M
- Net income from securities lending: $30K (0.030% of average net assets)
QVMT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $7K | 84.69% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $434 | 5.26% |
| CITADEL SECURITIES LLC | $374 | 4.53% |
| JEFFERIES LLC | $204 | 2.47% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $109 | 1.32% |
| GOLDMAN, SACHS & CO. | $48 | 0.58% |
| BARCLAYS CAPITAL INC. | $31 | 0.38% |
| LOOP CAPITAL MARKETS LLC | $23 | 0.28% |
| COWEN AND COMPANY | $23 | 0.28% |
| WELLS FARGO SECURITIES, LLC | $18 | 0.21% |
QVMT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $31.5M | 27.50% |
| GOLDMAN, SACHS & CO. | $23.6M | 20.61% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $18.5M | 16.17% |
| JANE STREET CAPITAL, LLC | $13.2M | 11.53% |
| VIRTU AMERICAS LLC | $10.4M | 9.13% |
| CITADEL SECURITIES LLC | $9.7M | 8.45% |
| BNY MELLON CAPITAL MARKETS, LLC | $7.6M | 6.60% |
| WELLS FARGO SECURITIES, LLC | $12K | 0.01% |
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.