XMHQ Fees and Costs — Invesco S&P MidCap Quality ETF
Data updated: 2026-09-28
The net expense ratio is 0.25%: a 0.25% management fee plus 0.05% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $787K in broker commissions, 0.0154% of average net assets, and portfolio turnover was 65%.
XMHQ Fees and Expenses
Annual operating expenses and sales charges of XMHQ. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.30% |
| Fee waiver | −0.05% |
| 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 | Yes |
XMHQ Costs Over Time
On $10,000 invested in XMHQ, assuming 5% a year before costs, total costs come to $168 over 5 years, cutting the return by 0.28% 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) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $28 | $92 | $168 |
| Value after costs | $10,472 | $11,484 | $12,594 |
| Impact on return, per year | 0.28% | 0.28% | 0.28% |
XMHQ 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): 0.0154%
- Total broker commissions: $787K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $439.0M
- Net income from securities lending: $669K (0.013% of average net assets)
XMHQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $332K | 42.11% |
| CITIGROUP GLOBAL MARKETS INC. | $144K | 18.26% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $104K | 13.16% |
| INVESCO CAPITAL MARKETS, INC. | $71K | 9.06% |
| GOLDMAN, SACHS & CO. | $65K | 8.21% |
| BARCLAYS CAPITAL INC. | $41K | 5.17% |
| UBS SECURITIES LLC | $21K | 2.72% |
| WELLS FARGO SECURITIES, LLC | $8K | 0.95% |
| TD Securities (USA) LLC | $3K | 0.37% |
| ROBERTS & RYAN INVESTMENTS INC. | $15 | 0.00% |
XMHQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $632.5M | 30.99% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $379.4M | 18.59% |
| JANE STREET CAPITAL, LLC | $297.3M | 14.56% |
| CITADEL SECURITIES LLC | $275.3M | 13.49% |
| RBC CAPITAL MARKETS, LLC | $199.1M | 9.75% |
| BNY MELLON CAPITAL MARKETS, LLC | $124.5M | 6.10% |
| GOLDMAN, SACHS & CO. | $80.2M | 3.93% |
| VIRTU AMERICAS LLC | $26.7M | 1.31% |
| BNP PARIBAS SECURITIES CORP. | $20.0M | 0.98% |
| ABN AMRO Clearing USA LLC | $6.2M | 0.30% |
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.