XMVM Fees and Costs — Invesco S&P MidCap Value with Momentum ETF
Data updated: 2026-09-28
The net expense ratio is 0.37%: a 0.29% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $61K in broker commissions, 0.0183% of average net assets, and portfolio turnover was 55%.
XMVM Fees and Expenses
Annual operating expenses and sales charges of XMVM. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.08% |
| Gross expense ratio | 0.37% |
| Fee waiver | — |
| Net expense ratio | 0.37% |
| 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 |
XMVM Costs Over Time
On $10,000 invested in XMVM, assuming 5% a year before costs, total costs come to $246 over 5 years, cutting the return by 0.41% 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 0.37%) | $39 | $122 | $213 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $41 | $134 | $246 |
| Value after costs | $10,459 | $11,442 | $12,517 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
XMVM 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): 0.0183%
- Total broker commissions: $61K
- Bought from dealers (principal trades, not a cost): $492.4M
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $29.4M
- Net income from securities lending: $45K (0.013% of average net assets)
XMVM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD Securities (USA) LLC | $35K | 57.74% |
| INVESCO CAPITAL MARKETS, INC. | $16K | 26.86% |
| MORGAN STANLEY & CO. LLC | $5K | 8.00% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $4K | 6.86% |
| MIZUHO SECURITIES USA LLC | $89 | 0.15% |
| WELLS FARGO SECURITIES, LLC | $73 | 0.12% |
| UBS SECURITIES LLC | $71 | 0.12% |
| GOLDMAN, SACHS & CO. | $66 | 0.11% |
| BARCLAYS CAPITAL INC. | $22 | 0.04% |
| RBC CAPITAL MARKETS, LLC | $14 | 0.02% |
XMVM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD Securities (USA) LLC | $216.9M | 44.05% |
| MORGAN STANLEY & CO. LLC | $88.6M | 18.00% |
| JANE STREET CAPITAL, LLC | $41.3M | 8.39% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $33.7M | 6.84% |
| CITADEL SECURITIES LLC | $33.3M | 6.77% |
| BNY MELLON CAPITAL MARKETS, LLC | $32.9M | 6.68% |
| RBC CAPITAL MARKETS, LLC | $18.4M | 3.73% |
| BARCLAYS CAPITAL INC. | $15.7M | 3.19% |
| VIRTU AMERICAS LLC | $10.4M | 2.10% |
| BNP PARIBAS SECURITIES CORP. | $1.2M | 0.24% |
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.