RWJ Fees and Costs — Invesco S&P SmallCap 600 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 $485K in broker commissions, 0.0299% of average net assets, and portfolio turnover was 42%.
RWJ Fees and Expenses
Annual operating expenses and sales charges of RWJ. 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 |
RWJ Costs Over Time
On $10,000 invested in RWJ, assuming 5% a year before costs, total costs come to $266 over 5 years, cutting the return by 0.44% 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) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $145 | $266 |
| Value after costs | $10,456 | $11,431 | $12,497 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
RWJ 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): 0.0299%
- Total broker commissions: $485K
- Bought from dealers (principal trades, not a cost): $772.9M
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $356.5M
- Net income from securities lending: $878K (0.054% of average net assets)
RWJ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $240K | 50.66% |
| MORGAN STANLEY & CO. LLC | $98K | 20.59% |
| COWEN AND COMPANY | $35K | 7.36% |
| RBC CAPITAL MARKETS, LLC | $23K | 4.87% |
| CITADEL SECURITIES LLC | $22K | 4.70% |
| MIZUHO SECURITIES USA LLC | $14K | 3.01% |
| BARCLAYS CAPITAL INC. | $14K | 2.97% |
| JEFFERIES LLC | $13K | 2.67% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $8K | 1.64% |
| MACQUARIE CAPITAL (USA) INC. | $7K | 1.54% |
RWJ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $264.6M | 34.24% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $146.7M | 18.99% |
| CITADEL SECURITIES LLC | $120.7M | 15.61% |
| BNY MELLON CAPITAL MARKETS, LLC | $65.9M | 8.53% |
| JANE STREET CAPITAL, LLC | $53.5M | 6.93% |
| RBC CAPITAL MARKETS, LLC | $53.0M | 6.86% |
| VIRTU AMERICAS LLC | $45.3M | 5.86% |
| GOLDMAN, SACHS & CO. | $21.7M | 2.80% |
| BNP PARIBAS SECURITIES CORP. | $1.4M | 0.18% |
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.