XSMO Fees and Costs — Invesco S&P SmallCap Momentum ETF
Data updated: 2026-09-28
The net expense ratio is 0.35%: a 0.29% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $979K in broker commissions, 0.0479% of average net assets, and portfolio turnover was 121%.
XSMO Fees and Expenses
Annual operating expenses and sales charges of XSMO. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
XSMO Costs Over Time
On $10,000 invested in XSMO, assuming 5% a year before costs, total costs come to $252 over 5 years, cutting the return by 0.42% 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 0.35%) | $37 | $115 | $201 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $42 | $138 | $252 |
| Value after costs | $10,458 | $11,439 | $12,511 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
XSMO 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): 0.0479%
- Total broker commissions: $979K
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 121%
- Securities on loan, average value: $291.2M
- Net income from securities lending: $489K (0.024% of average net assets)
XSMO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $212K | 23.45% |
| BARCLAYS CAPITAL INC. | $190K | 20.98% |
| MORGAN STANLEY & CO. LLC | $157K | 17.41% |
| INVESCO CAPITAL MARKETS, INC. | $124K | 13.67% |
| VIRTU AMERICAS LLC | $49K | 5.38% |
| LOOP CAPITAL MARKETS LLC | $49K | 5.37% |
| JEFFERIES LLC | $37K | 4.15% |
| TD Securities (USA) LLC | $32K | 3.55% |
| BTIG, LLC | $28K | 3.13% |
| GOLDMAN, SACHS & CO. | $26K | 2.91% |
XSMO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $1.7B | 65.31% |
| CITADEL SECURITIES LLC | $338.8M | 13.34% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $219.7M | 8.65% |
| JANE STREET CAPITAL, LLC | $147.4M | 5.80% |
| BNY MELLON CAPITAL MARKETS, LLC | $60.7M | 2.39% |
| BNP PARIBAS SECURITIES CORP. | $42.9M | 1.69% |
| GOLDMAN, SACHS & CO. | $42.1M | 1.66% |
| ABN AMRO Clearing USA LLC | $12.8M | 0.50% |
| VIRTU AMERICAS LLC | $8.5M | 0.34% |
| MORGAN STANLEY & CO. LLC | $7.9M | 0.31% |
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.