TBLL Fees and Costs — Invesco Short Term Treasury ETF
Data updated: 2026-07-30
The net expense ratio is 0.08%. There are no sales loads or redemption fees.
TBLL Fees and Expenses
Annual operating expenses and sales charges of TBLL. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.08% |
| Fee waiver | — |
| Net expense ratio | 0.08% |
| 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 |
TBLL Costs Over Time
On $10,000 invested in TBLL, assuming 5% a year before costs, total costs come to $51 over 5 years, cutting the return by 0.08% 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 0.08%) | $8 | $26 | $46 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $8 | $28 | $51 |
| Value after costs | $10,492 | $11,548 | $12,712 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
TBLL 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $11.7B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
TBLL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $2.8B | 25.89% |
| ASL CAPITAL MARKETS INC. | $2.2B | 20.22% |
| MORGAN STANLEY & CO. LLC | $2.2B | 20.08% |
| BMO CAPITAL MARKETS CORP. | $1.8B | 16.68% |
| BARCLAYS CAPITAL INC. | $476.1M | 4.36% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $457.6M | 4.20% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $309.0M | 2.83% |
| RBC CAPITAL MARKETS, LLC | $225.9M | 2.07% |
| SIEBERT CISNEROS SHANK & CO., L.L.C. | $200.0M | 1.83% |
| WELLS FARGO SECURITIES, LLC | $198.6M | 1.82% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.