XSVM Fees and Costs — Invesco S&P SmallCap Value with Momentum ETF
Data updated: 2026-09-28
The net expense ratio is 0.36%: a 0.29% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $395K in broker commissions, 0.0684% of average net assets, and portfolio turnover was 84%.
XSVM Fees and Expenses
Annual operating expenses and sales charges of XSVM. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.36% |
| Fee waiver | — |
| Net expense ratio | 0.36% |
| 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 |
XSVM Costs Over Time
On $10,000 invested in XSVM, assuming 5% a year before costs, total costs come to $271 over 5 years, cutting the return by 0.45% 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 0.36%) | $38 | $119 | $207 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $148 | $271 |
| Value after costs | $10,455 | $11,428 | $12,492 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
XSVM 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): 0.0684%
- Total broker commissions: $395K
- Bought from dealers (principal trades, not a cost): $284.6M
- Portfolio turnover (prospectus): 84%
- Securities on loan, average value: $74.4M
- Net income from securities lending: $163K (0.028% of average net assets)
XSVM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $172K | 43.63% |
| INVESCO CAPITAL MARKETS, INC. | $126K | 31.89% |
| GOLDMAN, SACHS & CO. | $23K | 5.91% |
| UBS SECURITIES LLC | $22K | 5.59% |
| WELLS FARGO SECURITIES, LLC | $21K | 5.41% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $20K | 5.03% |
| TD Securities (USA) LLC | $5K | 1.39% |
| CITADEL SECURITIES LLC | $2K | 0.53% |
| BARCLAYS CAPITAL INC. | $2K | 0.40% |
| MIZUHO SECURITIES USA LLC | $837 | 0.21% |
XSVM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $77.9M | 27.37% |
| BNY MELLON CAPITAL MARKETS, LLC | $65.5M | 23.02% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $56.0M | 19.66% |
| RBC CAPITAL MARKETS, LLC | $49.2M | 17.29% |
| JANE STREET CAPITAL, LLC | $26.0M | 9.14% |
| VIRTU AMERICAS LLC | $7.0M | 2.46% |
| GOLDMAN, SACHS & CO. | $3.0M | 1.06% |
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.