RZV Fees and Costs — Invesco S&P SmallCap 600 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 $145K in broker commissions, 0.0637% of average net assets, and portfolio turnover was 69%.
RZV Fees and Expenses
Annual operating expenses and sales charges of RZV. 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 |
RZV Costs Over Time
On $10,000 invested in RZV, assuming 5% a year before costs, total costs come to $262 over 5 years, cutting the return by 0.43% 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) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $143 | $262 |
| Value after costs | $10,457 | $11,433 | $12,501 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
RZV 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): 0.0637%
- Total broker commissions: $145K
- Bought from dealers (principal trades, not a cost): $68.1M
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $55.4M
- Net income from securities lending: $357K (0.156% of average net assets)
RZV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $94K | 68.15% |
| WELLS FARGO SECURITIES, LLC | $12K | 8.65% |
| MORGAN STANLEY & CO. LLC | $6K | 4.32% |
| BTIG, LLC | $6K | 4.23% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $5K | 3.88% |
| STUART FRANKEL & CO., INC. | $4K | 3.00% |
| CITIC SECURITIES INTERNATIONAL USA, LLC | $4K | 2.70% |
| GUZMAN & COMPANY | $3K | 1.96% |
| BARCLAYS CAPITAL INC. | $2K | 1.72% |
| TD Securities (USA) LLC | $2K | 1.39% |
RZV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $16.4M | 24.04% |
| BNY MELLON CAPITAL MARKETS, LLC | $15.2M | 22.30% |
| GOLDMAN, SACHS & CO. | $13.9M | 20.39% |
| JANE STREET CAPITAL, LLC | $12.7M | 18.62% |
| VIRTU AMERICAS LLC | $7.5M | 10.98% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $2.5M | 3.66% |
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.