RDIV Fees and Costs — Invesco S&P Ultra Dividend Revenue ETF
Data updated: 2026-07-28
The net expense ratio is 0.39%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $419K in broker commissions, 0.0493% of average net assets, and portfolio turnover was 98%.
RDIV Fees and Expenses
Annual operating expenses and sales charges of RDIV. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| 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 |
RDIV Costs Over Time
On $10,000 invested in RDIV, assuming 5% a year before costs, total costs come to $278 over 5 years, cutting the return by 0.46% 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 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $152 | $278 |
| Value after costs | $10,454 | $11,424 | $12,485 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
RDIV 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): 0.0493%
- Total broker commissions: $419K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 98%
- Securities on loan, average value: $80.0M
- Net income from securities lending: $93K (0.011% of average net assets)
RDIV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $217K | 51.88% |
| MORGAN STANLEY & CO. LLC | $146K | 34.83% |
| CITIGROUP GLOBAL MARKETS INC. | $53K | 12.75% |
| JEFFERIES LLC | $1K | 0.25% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $639 | 0.15% |
| ROBERTS & RYAN INVESTMENTS INC. | $166 | 0.04% |
| UBS SECURITIES LLC | $137 | 0.03% |
| DREXEL HAMILTON, LLC | $112 | 0.03% |
| GOLDMAN, SACHS & CO. | $94 | 0.02% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $48 | 0.01% |
RDIV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $1.0B | 84.58% |
| BNY MELLON CAPITAL MARKETS, LLC | $87.3M | 7.36% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $28.5M | 2.40% |
| JANE STREET CAPITAL, LLC | $25.1M | 2.12% |
| CITADEL SECURITIES LLC | $22.4M | 1.89% |
| GOLDMAN, SACHS & CO. | $11.3M | 0.96% |
| VIRTU AMERICAS LLC | $6.8M | 0.57% |
| RBC CAPITAL MARKETS, LLC | $1.5M | 0.12% |
| WELLS FARGO SECURITIES, LLC | $18K | 0.00% |
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.