SPMO Fees and Costs — Invesco S&P 500 Momentum ETF
Data updated: 2026-07-28
The net expense ratio is 0.13%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $233K in broker commissions, 0.0037% of average net assets, and portfolio turnover was 44%.
SPMO Fees and Expenses
Annual operating expenses and sales charges of SPMO. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.13% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.13% |
| Fee waiver | — |
| Net expense ratio | 0.13% |
| 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 |
SPMO Costs Over Time
On $10,000 invested in SPMO, assuming 5% a year before costs, total costs come to $85 over 5 years, cutting the return by 0.14% 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 0.13%) | $14 | $43 | $75 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $14 | $46 | $85 |
| Value after costs | $10,486 | $11,530 | $12,678 |
| Impact on return, per year | 0.14% | 0.14% | 0.14% |
SPMO 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): 0.0037%
- Total broker commissions: $233K
- Bought from dealers (principal trades, not a cost): $12.7B
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: $69.6M
- Net income from securities lending: $72K (0.001% of average net assets)
SPMO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $157K | 67.38% |
| INVESCO CAPITAL MARKETS, INC. | $49K | 21.07% |
| CITADEL SECURITIES LLC | $9K | 4.02% |
| UBS SECURITIES LLC | $9K | 3.94% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $4K | 1.52% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 0.93% |
| BTIG, LLC | $1K | 0.48% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $731 | 0.31% |
| MORGAN STANLEY & CO. LLC | $710 | 0.30% |
| DREXEL HAMILTON, LLC | $99 | 0.04% |
SPMO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL, LLC | $2.3B | 18.04% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $2.1B | 16.66% |
| RBC CAPITAL MARKETS, LLC | $1.8B | 14.58% |
| CITADEL SECURITIES LLC | $1.7B | 13.62% |
| CITIGROUP GLOBAL MARKETS INC. | $1.3B | 10.47% |
| GOLDMAN, SACHS & CO. | $1.3B | 10.37% |
| VIRTU AMERICAS LLC | $1.2B | 9.67% |
| MORGAN STANLEY & CO. LLC | $379.3M | 3.01% |
| ABN AMRO CLEARING CHICAGO LLC | $251.8M | 2.00% |
| BNY MELLON CAPITAL MARKETS, LLC | $198.1M | 1.57% |
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.