SPHB Fees and Costs — Invesco S&P 500 High Beta ETF
Data updated: 2026-07-28
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $93K in broker commissions, 0.0255% of average net assets, and portfolio turnover was 85%.
SPHB Fees and Expenses
Annual operating expenses and sales charges of SPHB. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| 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 |
SPHB Costs Over Time
On $10,000 invested in SPHB, assuming 5% a year before costs, total costs come to $175 over 5 years, cutting the return by 0.29% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $29 | $95 | $175 |
| Value after costs | $10,471 | $11,481 | $12,588 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
SPHB 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): 0.0255%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $20.2M
- Net income from securities lending: $29K (0.008% of average net assets)
SPHB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $92K | 98.65% |
| BARCLAYS CAPITAL INC. | $938 | 1.01% |
| COWEN AND COMPANY | $155 | 0.17% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $67 | 0.07% |
| CITADEL SECURITIES LLC | $35 | 0.04% |
| JEFFERIES LLC | $20 | 0.02% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $18 | 0.02% |
| MORGAN STANLEY & CO. LLC | $18 | 0.02% |
| CANACCORD GENUITY WEALTH MANAGEMENT (USA) INC. | $6 | 0.01% |
| BTIG, LLC | $5 | 0.01% |
SPHB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $519.0M | 35.62% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $322.1M | 22.11% |
| JANE STREET CAPITAL, LLC | $186.8M | 12.82% |
| CITADEL SECURITIES LLC | $85.5M | 5.87% |
| RBC CAPITAL MARKETS, LLC | $85.0M | 5.84% |
| VIRTU AMERICAS LLC | $65.9M | 4.52% |
| MORGAN STANLEY & CO. LLC | $65.2M | 4.47% |
| ABN AMRO CLEARING CHICAGO LLC | $55.2M | 3.79% |
| BNP PARIBAS SECURITIES CORP. | $42.7M | 2.93% |
| UBS SECURITIES LLC | $29.6M | 2.03% |
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.