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Name

As of 11/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Alerian Galaxy Crypto Economy ETF

SATO | ETF

$21.14

$9.73 M

0.29%

$0.06

0.60%

Vitals

YTD Return

49.3%

1 yr return

144.5%

3 Yr Avg Return

-10.7%

5 Yr Avg Return

N/A

Net Assets

$9.73 M

Holdings in Top 10

59.6%

52 WEEK LOW AND HIGH

$20.7
$8.80
$22.98

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Alerian Galaxy Crypto Economy ETF

SATO | ETF

$21.14

$9.73 M

0.29%

$0.06

0.60%

SATO - Profile

Distributions

  • YTD Total Return 49.3%
  • 3 Yr Annualized Total Return -10.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Invesco Alerian Galaxy Crypto Economy ETF
  • Fund Family Name
    INVESCOETF
  • Inception Date
    Oct 07, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Hubbard

Fund Description

The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, VettaFi, LLC (the “Index Provider”) maintains the Underlying Index, which is comprised of two different components: (i) stocks of digital asset companies, which are companies that are materially engaged in cryptocurrency mining, cryptocurrency buying, or cryptocurrency enabling technologies (the “Equity Component”); and (ii) exchange-traded products (“ETPs”) and U.S.-listed private investment trusts that invest at least 75% of their assets in Bitcoin (the “ETP and Trust Component”). However, the Fund will not invest directly in cryptocurrencies such as Bitcoin, or in crypto assets. The Fund also will not invest in initial coin offerings or futures contracts on cryptocurrencies.
Many digital assets rely on “blockchain” technologies. A “blockchain” is a peer-to-peer shared, distributed ledger, or decentralized database, that keeps continuously updated digital records of who owns a particular asset (e.g., cryptocurrency). Blockchain is secured using cryptography and facilitates the process of recording transactions and tracking assets in a business network. Blockchain derives its name from the way it stores
transaction data — as unchangeable, digitally recorded data in packages called “blocks” that are linked together to form a chain. Blocks record and confirm the time and sequence of transactions, which are then logged into the blockchain network. Each block in the chain is cryptographically connected to the previous block in the chain, ensuring all data in the overall “blockchain” has not been tampered with. Blockchain networks can be private with restricted membership similar to an intranet, or public like the Internet, and are governed by rules agreed on by the network participants.
The Equity Component of the Underlying Index is primarily comprised of exchange-listed equity securities of companies that are principally or materially engaged in one of the following three business activities (each, a “Business Segment”):
■ 
Cryptocurrency Miners: Companies that mine cryptocurrency assets.
■ 
Cryptocurrency Enabling Technologies: Companies that (i) facilitate the buying, selling and transfer of cryptocurrency assets, (ii) provide custody for cryptocurrency assets, (iii) supply semiconductors used in cryptocurrency mining, or (iv) supply cryptocurrency mining machines.
■ 
Cryptocurrency Buyers: Companies that report cryptocurrency assets on their balance sheets.
To be eligible for inclusion in the Equity Component of the Underlying Index, a company’s stock must be listed on an approved and globally recognized exchange and such company must have (i) a minimum full market capitalization value of $50 million, (ii) a minimum free float factor of 20%, and (iii) a minimum average daily trading value (“ADTV”) for the previous three months of $1 million. Companies may be located in the United States or in foreign jurisdictions, including in emerging markets, and may be represented by depositary receipts such as American depositary receipts (“ADRs”) or global depositary receipts (“GDRs”).
A company in either of the Cryptocurrency Enabling Technologies or Cryptocurrency Miners Business Segments shall be considered principally engaged if it derives at least 50% of its revenues from business activities described for its Business Segment. A company in the Cryptocurrency Buyers Business Segment shall be considered principally engaged if it reports cryptocurrency assets on its balance sheet amounting to at least 50% of its market capitalization.
Certain companies that are not principally engaged in one of the Business Segments, but that derive significant revenues from businesses in that Segment (“Diversified Companies”) may also be included in the Underlying Index, provided they meet certain eligibility criteria.
In addition to stocks of companies engaged in the Business Segments above, the Underlying Index also includes the ETP and Trust Component, which is represented by exchange-traded products and open-ended private investment trusts that trade on an approved U.S. exchange (in accordance with the Index Provider's methodology) and invest at least 75% of their assets in Bitcoin (“BTC”).
To be eligible for inclusion in the ETP and Trust Component of the Underlying Index, an ETP or private investment trust must also: (i) have a minimum full market capitalization of $1 billion ($500 million for current Underlying Index constituents), (ii) have a minimum ADTV for the previous three months of $15 million ($7.5 million for current Underlying Index constituents), and (iii) be open-ended.
Because the Fund will not invest directly in any cryptocurrency, it will not track price movements of any cryptocurrency. The Fund may, however, have indirect exposure to crypto assets by virtue of (i) its investments in companies that use one or more crypto assets as part of their business activities or that hold crypto assets as proprietary investments and (ii) its investments in the ETP and Trust Component.
The Underlying Index is rebalanced monthly. At each rebalance, the ETP and Trust Component is allocated a 15% Underlying Index weight, and the Equity Component is allocated the remaining 85% Underlying Index weight. Companies that are principally engaged in a Business Segment together with the ETP and Trust Component are allocated 80% of the Underlying Index weight, while Diversified Companies are allocated 20% of the Underlying Index weight.
As of December 31, 2023, the Underlying Index was comprised of 38stocks with market capitalizations ranging from $383.9 million to $2.8trillion.
The Fund generally employs a “full replication” methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index. However, due to the practical difficulties and expense ofpurchasing all of the securities in the Underlying Index, the Fund may also utilize a sampling methodology from time to time. A “sampling” methodology means that the Fund does not purchase all the components of the Underlying Index. Rather, the Adviser uses quantitative analysis to select a representative sample of assets that have, in the aggregate, investment characteristics similar to the Underlying Index in terms of key risk factors, performance attributes and other characteristics.
The Fund may obtain exposure to certain securities in the ETP and Trust Component indirectly through a wholly-owned subsidiary organized under Cayman Islands law (the “Subsidiary”). The Fund’s investment in the Subsidiary is expected to provide the Fund with exposure to such assets in accordance with the limits of the federal tax laws, which may limit the ability of investment companies like the Fund to invest directly in such investments. The Fund’s investment in the Subsidiary may not exceed 25% of the Fund’s total assets at each quarter-end of the Fund’s fiscal year. The Subsidiary is wholly-owned and controlled by the Fund and advised by Invesco Capital Management LLC (the “Adviser”). The Subsidiary's investment objective is to seek to track the performance of a subset of the securities in the Underlying Index. The Subsidiary will follow the same general investment policies and restrictions as the Fund, except that unlike the Fund, it may invest to a greater extent in cryptocurrency-related investments. The Subsidiary’s investments also will be subject to limits on leverage imposed by the Investment Company Act of 1940,as amended (the “1940 Act”). Except as noted, for purposes of this Prospectus, references to the Fund’s investment strategies and risks include those of its Subsidiary.
The Fund is “non-diversified” and therefore is not required to meet certain diversification requirements under the 1940 Act.
Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of October 31, 2023, the Fund had significant exposure to the information technology sector. The Fund's portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
Read More

SATO - Performance

Return Ranking - Trailing

Period SATO Return Category Return Low Category Return High Rank in Category (%)
YTD 49.3% -24.9% 7.0% 83.58%
1 Yr 144.5% -64.8% 21.6% N/A
3 Yr -10.7%* -31.8% 48.3% N/A
5 Yr N/A* -15.7% 35.1% N/A
10 Yr N/A* 4.5% 20.5% N/A

* Annualized

Return Ranking - Calendar

Period SATO Return Category Return Low Category Return High Rank in Category (%)
2023 255.5% -41.2% 27.4% N/A
2022 -81.1% -34.0% 233.6% N/A
2021 N/A -31.4% 66.0% N/A
2020 N/A -52.1% 6.5% N/A
2019 N/A -8.2% 589.1% N/A

Total Return Ranking - Trailing

Period SATO Return Category Return Low Category Return High Rank in Category (%)
YTD 49.3% -51.7% 11.0% 86.57%
1 Yr 144.5% -64.8% 21.6% N/A
3 Yr -10.7%* -31.8% 48.3% N/A
5 Yr N/A* -15.7% 35.1% N/A
10 Yr N/A* 4.5% 20.5% N/A

* Annualized

Total Return Ranking - Calendar

Period SATO Return Category Return Low Category Return High Rank in Category (%)
2023 266.4% -41.2% 27.4% N/A
2022 -80.2% -34.0% 233.6% N/A
2021 N/A -31.4% 66.0% N/A
2020 N/A -47.9% 6.5% N/A
2019 N/A -8.2% 589.1% N/A

SATO - Holdings

Concentration Analysis

SATO Category Low Category High SATO % Rank
Net Assets 9.73 M 2.35 M 29.8 B 82.26%
Number of Holdings 49 1 389 42.47%
Net Assets in Top 10 4.86 M -5.3 M 5.86 B 82.19%
Weighting of Top 10 59.57% 7.8% 100.0% 68.12%

Top 10 Holdings

  1. Invesco Private Prime Fund 19.65%
  2. Invesco Private Government Fund 7.51%
  3. Ishares Bitcoin Trust 6.38%
  4. Grayscale Bitcoin Trust BTC 4.58%
  5. Cipher Mining Inc. 3.80%
  6. MicroStrategy Inc. 3.78%
  7. Fidelity Wise Origin Bitcoin Fund 3.51%
  8. Hive Digital Technologies Ltd. 3.47%
  9. Riot Platforms, Inc. 3.47%
  10. Bit Digital, Inc. 3.42%

Asset Allocation

Weighting Return Low Return High SATO % Rank
Stocks 		100.14% 0.00% 100.37% 76.71%
Cash 		27.17% -0.37% 105.50% 97.26%
Preferred Stocks 		0.00% 0.00% 29.30% 76.71%
Other 		0.00% -5.50% 91.95% 10.96%
Convertible Bonds 		0.00% 0.00% 3.35% 78.08%
Bonds 		0.00% 0.00% 88.23% 78.08%

Stock Sector Breakdown

Weighting Return Low Return High SATO % Rank
Utilities 		0.00% 0.00% 82.46% 85.48%
Technology 		0.00% 0.00% 75.55% 11.29%
Real Estate 		0.00% 0.00% 57.04% 83.87%
Industrials 		0.00% 0.00% 91.16% 82.26%
Healthcare 		0.00% 0.00% 100.00% 83.87%
Financial Services 		0.00% 0.00% 95.21% 8.06%
Energy 		0.00% 0.00% 25.93% 79.03%
Communication Services 		0.00% 0.00% 17.25% 14.52%
Consumer Defense 		0.00% 0.00% 41.78% 83.87%
Consumer Cyclical 		0.00% 0.00% 53.18% 75.81%
Basic Materials 		0.00% 0.00% 23.22% 91.94%

Stock Geographic Breakdown

Weighting Return Low Return High SATO % Rank
US 		85.16% 0.00% 85.81% 43.84%
Non US 		14.99% 0.00% 97.87% 47.95%

SATO - Expenses

Operational Fees

SATO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.22% 4.26% 72.15%
Management Fee 0.60% 0.25% 1.90% 42.47%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.19% N/A

Sales Fees

SATO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

SATO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SATO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 210.00% 32.43%

SATO - Distributions

Dividend Yield Analysis

SATO Category Low Category High SATO % Rank
Dividend Yield 0.29% 0.00% 24.54% 91.14%

Dividend Distribution Analysis

SATO Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

SATO Category Low Category High SATO % Rank
Net Income Ratio N/A -2.66% 5.19% 83.33%

Capital Gain Distribution Analysis

SATO Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

SATO - Fund Manager Analysis

Managers

Peter Hubbard

Start Date

Tenure

Tenure Rank

Oct 07, 2021

0.65

0.7%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Theodore Samulowitz

Start Date

Tenure

Tenure Rank

Oct 07, 2021

0.65

0.7%

Theodore Samulowitz is a Vice President and Portfolio Manager of Invesco PowerShares Capital Management LLC. He has been a Portfolio Manager of Invesco PowerShares Capital Mgmt LLC since May 2012. Prior to that, he was the Managing Partner of Endurance Capital Markets LLC from 2010 to May 2012 and a Portfolio Manager of CMT Asset Management from 2006 to 2010.

David Hemming

Start Date

Tenure

Tenure Rank

Oct 07, 2021

0.65

0.7%

David Hemming, Senior Portfolio Manager of the Invesco Capital Management LLC, Commodities and Alternatives.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.24 22.93 4.63 3.13

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