RWK Fees and Costs — Invesco S&P MidCap 400 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 $115K in broker commissions, 0.0133% of average net assets, and portfolio turnover was 32%.
RWK Fees and Expenses
Annual operating expenses and sales charges of RWK. 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 |
RWK Costs Over Time
On $10,000 invested in RWK, assuming 5% a year before costs, total costs come to $255 over 5 years, cutting the return by 0.42% 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) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $139 | $255 |
| Value after costs | $10,458 | $11,437 | $12,508 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
RWK 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): 0.0133%
- Total broker commissions: $115K
- Bought from dealers (principal trades, not a cost): $470.5M
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $138.7M
- Net income from securities lending: $185K (0.021% of average net assets)
RWK Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $65K | 57.18% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $23K | 20.36% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $7K | 6.43% |
| COWEN AND COMPANY | $6K | 5.39% |
| MORGAN STANLEY & CO. LLC | $4K | 3.54% |
| BARCLAYS CAPITAL INC. | $4K | 3.50% |
| RBC CAPITAL MARKETS, LLC | $2K | 1.87% |
| CITIGROUP GLOBAL MARKETS INC. | $926 | 0.81% |
| JEFFERIES LLC | $922 | 0.80% |
| MIZUHO SECURITIES USA LLC | $136 | 0.12% |
RWK Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE CAPITAL (USA) INC. | $107.0M | 22.75% |
| CITADEL SECURITIES LLC | $70.0M | 14.88% |
| VIRTU AMERICAS LLC | $68.5M | 14.57% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $63.2M | 13.44% |
| MORGAN STANLEY & CO. LLC | $58.0M | 12.33% |
| BNY MELLON CAPITAL MARKETS, LLC | $46.7M | 9.93% |
| GOLDMAN, SACHS & CO. | $33.9M | 7.21% |
| JANE STREET CAPITAL, LLC | $19.5M | 4.14% |
| BNP PARIBAS SECURITIES CORP. | $3.5M | 0.75% |
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.