XRLV Fees and Costs — Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
Data updated: 2026-01-28
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0128% of average net assets, and portfolio turnover was 71%.
XRLV Fees and Expenses
Annual operating expenses and sales charges of XRLV. 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 |
XRLV Costs Over Time
On $10,000 invested in XRLV, assuming 5% a year before costs, total costs come to $167 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) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $28 | $91 | $167 |
| Value after costs | $10,472 | $11,485 | $12,596 |
| Impact on return, per year | 0.28% | 0.28% | 0.28% |
XRLV 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): 0.0128%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $37.2M
- Portfolio turnover (prospectus): 71%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $3K (0.007% of average net assets)
XRLV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $3K | 51.90% |
| INVESCO CAPITAL MARKETS, INC. | $2K | 39.52% |
| CITIGROUP GLOBAL MARKETS INC. | $457 | 8.45% |
| UBS SECURITIES LLC | $2 | 0.03% |
| BARCLAYS CAPITAL INC. | $2 | 0.03% |
| WELLS FARGO SECURITIES, LLC | $1 | 0.03% |
| EVERCORE GROUP L.L.C. | $1 | 0.02% |
| RAYMOND JAMES & ASSOCIATES, INC. | $1 | 0.01% |
| RBC CAPITAL MARKETS, LLC | $1 | 0.01% |
| SANFORD C. BERNSTEIN & CO., LLC | $0 | 0.01% |
XRLV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $17.7M | 47.54% |
| CITADEL SECURITIES LLC | $6.6M | 17.77% |
| VIRTU AMERICAS LLC | $5.5M | 14.65% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $4.4M | 11.76% |
| JANE STREET CAPITAL, LLC | $1.6M | 4.41% |
| BNY MELLON CAPITAL MARKETS, LLC | $1.4M | 3.86% |
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.