XSHD Fees and Costs — Invesco S&P SmallCap High Dividend Low Volatility ETF
Data updated: 2026-07-28
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $46K in broker commissions, 0.0712% of average net assets, and portfolio turnover was 82%.
XSHD Fees and Expenses
Annual operating expenses and sales charges of XSHD. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| 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 |
XSHD Costs Over Time
On $10,000 invested in XSHD, assuming 5% a year before costs, total costs come to $235 over 5 years, cutting the return by 0.39% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $7 | $23 | $41 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $128 | $235 |
| Value after costs | $10,461 | $11,448 | $12,528 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
XSHD 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): 0.0712%
- Total broker commissions: $46K
- Bought from dealers (principal trades, not a cost): $50.0M
- Portfolio turnover (prospectus): 82%
- Securities on loan, average value: $16.0M
- Net income from securities lending: $50K (0.077% of average net assets)
XSHD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $33K | 71.52% |
| INVESCO CAPITAL MARKETS, INC. | $12K | 26.06% |
| COWEN AND COMPANY | $878 | 1.90% |
| JEFFERIES LLC | $78 | 0.17% |
| WELLS FARGO SECURITIES, LLC | $37 | 0.08% |
| MORGAN STANLEY & CO. LLC | $31 | 0.07% |
| MACQUARIE CAPITAL (USA) INC. | $24 | 0.05% |
| EVERCORE GROUP L.L.C. | $23 | 0.05% |
| UBS SECURITIES LLC | $23 | 0.05% |
| RBC CAPITAL MARKETS, LLC | $22 | 0.05% |
XSHD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ABN AMRO CLEARING CHICAGO LLC | $13.9M | 27.68% |
| CITADEL SECURITIES LLC | $11.5M | 22.95% |
| BNY MELLON CAPITAL MARKETS, LLC | $7.6M | 15.20% |
| JANE STREET CAPITAL, LLC | $6.7M | 13.45% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $6.2M | 12.31% |
| RBC CAPITAL MARKETS, LLC | $2.1M | 4.23% |
| VIRTU AMERICAS LLC | $2.1M | 4.19% |
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.