RFV Fees and Costs — Invesco S&P MidCap 400 Pure Value ETF
Data updated: 2026-09-28
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $86K in broker commissions, 0.0306% of average net assets, and portfolio turnover was 61%.
RFV Fees and Expenses
Annual operating expenses and sales charges of RFV. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
RFV Costs Over Time
On $10,000 invested in RFV, 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 0.35%) | $37 | $115 | $201 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $132 | $241 |
| Value after costs | $10,460 | $11,445 | $12,522 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
RFV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0306%
- Total broker commissions: $86K
- Bought from dealers (principal trades, not a cost): $105.0M
- Portfolio turnover (prospectus): 61%
- Securities on loan, average value: $53.8M
- Net income from securities lending: $108K (0.038% of average net assets)
RFV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $72K | 83.24% |
| TD Securities (USA) LLC | $6K | 7.42% |
| BARCLAYS CAPITAL INC. | $2K | 2.19% |
| MIZUHO SECURITIES USA LLC | $2K | 2.12% |
| ACADEMY SECURITIES, INC. | $1K | 1.30% |
| MORGAN STANLEY & CO. LLC | $1K | 1.16% |
| GUZMAN & COMPANY | $859 | 1.00% |
| WELLS FARGO SECURITIES, LLC | $852 | 0.99% |
| UBS SECURITIES LLC | $426 | 0.49% |
| CITIGROUP GLOBAL MARKETS INC. | $73 | 0.09% |
RFV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $32.3M | 30.76% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $21.6M | 20.52% |
| CITADEL SECURITIES LLC | $16.4M | 15.66% |
| RBC CAPITAL MARKETS, LLC | $15.9M | 15.09% |
| GOLDMAN, SACHS & CO. | $9.8M | 9.38% |
| VIRTU AMERICAS LLC | $6.4M | 6.12% |
| JANE STREET CAPITAL, LLC | $2.6M | 2.47% |
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.