RPV Fees and Costs — Invesco S&P 500 Pure Value ETF
Data updated: 2026-09-29
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $206K in broker commissions, 0.0138% of average net assets, and portfolio turnover was 38%.
RPV Fees and Expenses
Annual operating expenses and sales charges of RPV. 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 |
RPV Costs Over Time
On $10,000 invested in RPV, assuming 5% a year before costs, total costs come to $230 over 5 years, cutting the return by 0.38% 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 | $202 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $126 | $230 |
| Value after costs | $10,462 | $11,450 | $12,532 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
RPV 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): 0.0138%
- Total broker commissions: $206K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $63.4M
- Net income from securities lending: $4.0M (0.266% of average net assets)
RPV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $105K | 51.00% |
| CITIGROUP GLOBAL MARKETS INC. | $67K | 32.43% |
| MORGAN STANLEY & CO. LLC | $23K | 11.04% |
| WELLS FARGO SECURITIES, LLC | $5K | 2.27% |
| VIRTU AMERICAS LLC | $4K | 1.75% |
| BNP PARIBAS SECURITIES CORP. | $2K | 0.77% |
| BARCLAYS CAPITAL INC. | $835 | 0.41% |
| UBS SECURITIES LLC | $471 | 0.23% |
| GOLDMAN, SACHS & CO. | $123 | 0.06% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $72 | 0.04% |
RPV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $320.5M | 28.36% |
| GOLDMAN, SACHS & CO. | $235.6M | 20.85% |
| CITADEL SECURITIES LLC | $206.8M | 18.30% |
| JANE STREET CAPITAL, LLC | $95.8M | 8.48% |
| BNY MELLON CAPITAL MARKETS, LLC | $94.3M | 8.34% |
| RBC CAPITAL MARKETS, LLC | $78.4M | 6.94% |
| BNP PARIBAS SECURITIES CORP. | $39.8M | 3.52% |
| ABN AMRO Clearing USA LLC | $23.2M | 2.05% |
| VIRTU AMERICAS LLC | $22.4M | 1.98% |
| MORGAN STANLEY & CO. LLC | $13.4M | 1.18% |
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.