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Trending ETFs

Name

As of 05/17/2024

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

Vitals

YTD Return

8.3%

1 yr return

74.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$3.82 M

Holdings in Top 10

52.2%

52 WEEK LOW AND HIGH

$19.5
$11.33
$20.68

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 05/17/2024

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

BLKC - Profile

Distributions

  • YTD Total Return 8.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce 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 companies that are materially engaged in the research and development of blockchain technology, 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.
The term “blockchain” refers to a type of peer-to-peer 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.
Blockchain technology can be used in a wide variety of data sharing applications, and track intangible and digital assets and companies across business sectors without a need for a third-party record keeper, payments processor, or central clearing authority. Blockchain technology has the potential to streamline transactions, increase confidence of commercial market participants, and increase efficiency for various business processes, including recordkeeping, payment processing and inventory management among others.
“Decentralized Commerce” refers to commerce that relies on decentralized technologies such as blockchain. Therefore, “Decentralized Commerce” reflects the commercial interaction of companies at the forefront of such innovation that seek to leverage blockchain and similar technologies or platforms to increase operational efficiency in business to business or business to consumer transactions to their competitive advantage.
Cryptocurrency assets, such as Bitcoin and Ethereum, are examples of specific applications of public blockchains. Cryptocurrencies are digital assets designed to work as a medium of exchange that are stored electronically in a blockchain. They use encryption techniques to secure transactions, to control the creation of additional monetary units, and to verify the transfer of assets. Unlike traditional currencies, decentralized virtual currencies (or cryptocurrencies) are digital assets and are not issued or backed by any government, agency, bank, organization or single administrator. There are thousands of cryptocurrencies, the most well-known of which is Bitcoin, and while the design and maintenance of each type of cryptocurrency differs, cryptocurrencies are typically based on the decentralized, open source protocol of a peer-to-peer computer network. The transactions of such currencies on a blockchain are verified by cryptocurrency “miners.” Crypto-mining involves using computers to solve mathematical equations. Generally, when a successful validation occurs, a miner receives rewards paid in the form of tokens. As a result, miners are incentivized to validate transactions and to secure the network to earn rewards.
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 four 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.
■ 
Blockchain Users: Operating companies that are engaged in the research and development of blockchain technologies for non-cryptocurrency-related purposes.
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”).
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. All of the companies in the Equity Component are weighted equally to one another.
As of December 31, 2023, the Underlying Index was comprised of 58stocks 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 of, purchasing 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.
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BLKC - Performance

Return Ranking - Trailing

Period BLKC Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% -24.9% 17.8% 88.14%
1 Yr 74.6% -68.1% 26.2% N/A
3 Yr N/A* -43.1% 28.8% N/A
5 Yr N/A* -32.3% 26.2% N/A
10 Yr N/A* -2.8% 17.7% N/A

* Annualized

Return Ranking - Calendar

Period BLKC Return Category Return Low Category Return High Rank in Category (%)
2023 123.3% -72.7% 24.1% N/A
2022 -64.8% -22.1% 50.4% N/A
2021 N/A -31.4% 49.5% N/A
2020 N/A -23.4% 13.6% N/A
2019 N/A -13.7% 34.6% N/A

Total Return Ranking - Trailing

Period BLKC Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% -73.0% 17.8% 94.92%
1 Yr 74.6% -68.1% 26.2% N/A
3 Yr N/A* -43.1% 28.8% N/A
5 Yr N/A* -32.3% 26.2% N/A
10 Yr N/A* -1.5% 17.7% N/A

* Annualized

Total Return Ranking - Calendar

Period BLKC Return Category Return Low Category Return High Rank in Category (%)
2023 128.7% -72.7% 24.1% N/A
2022 -63.4% -22.1% 50.4% N/A
2021 N/A -31.4% 49.5% N/A
2020 N/A -23.4% 13.6% N/A
2019 N/A -12.2% 34.6% N/A

BLKC - Holdings

Concentration Analysis

BLKC Category Low Category High BLKC % Rank
Net Assets 3.82 M 610 K 31.2 B 94.92%
Number of Holdings 64 1 389 27.94%
Net Assets in Top 10 1.75 M -21.4 M 5.86 B 91.18%
Weighting of Top 10 52.19% 8.9% 100.0% 84.38%

Top 10 Holdings

  1. Invesco Private Prime Fund 18.20%
  2. Grayscale Bitcoin Trust BTC 14.98%
  3. Invesco Private Government Fund 7.16%
  4. Bitdeer Technologies Group 1.72%
  5. Advanced Micro Devices, Inc. 1.71%
  6. International Business Machines Corp. 1.71%
  7. NVIDIA Corp. 1.71%
  8. Verizon Communications Inc. 1.69%
  9. Taiwan Semiconductor Manufacturing Co. Ltd., ADR 1.69%
  10. Citigroup Inc. 1.63%

Asset Allocation

Weighting Return Low Return High BLKC % Rank
Stocks
99.79% 0.00% 100.33% 67.65%
Cash
25.41% -0.34% 101.46% 95.59%
Preferred Stocks
0.00% 0.00% 29.02% 98.53%
Other
0.00% -8.90% 91.95% 13.24%
Convertible Bonds
0.00% 0.00% 3.05% 98.53%
Bonds
0.00% 0.00% 88.23% 98.53%

Stock Sector Breakdown

Weighting Return Low Return High BLKC % Rank
Utilities
0.00% 0.00% 85.14% 98.31%
Technology
0.00% 0.00% 77.79% 11.86%
Real Estate
0.00% 0.00% 54.95% 98.31%
Industrials
0.00% 0.00% 90.47% 55.93%
Healthcare
0.00% 0.00% 100.00% 98.31%
Financial Services
0.00% 0.00% 95.51% 8.47%
Energy
0.00% 0.00% 32.10% 20.34%
Communication Services
0.00% 0.00% 16.38% 6.78%
Consumer Defense
0.00% 0.00% 53.62% 32.20%
Consumer Cyclical
0.00% 0.00% 41.11% 54.24%
Basic Materials
0.00% 0.00% 36.59% 49.15%

Stock Geographic Breakdown

Weighting Return Low Return High BLKC % Rank
US
87.75% 0.00% 85.31% 32.35%
Non US
12.04% 0.00% 98.35% 57.35%

BLKC - Expenses

Operational Fees

BLKC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.22% 4.26% 66.67%
Management Fee 0.60% 0.25% 1.90% 47.89%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.19% N/A

Sales Fees

BLKC 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

BLKC 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.

BLKC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 140.00% 20.00%

BLKC - Distributions

Dividend Yield Analysis

BLKC Category Low Category High BLKC % Rank
Dividend Yield 2.07% 0.00% 5.18% 98.67%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BLKC Category Low Category High BLKC % Rank
Net Income Ratio N/A -2.66% 5.19% 39.29%

Capital Gain Distribution Analysis

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

Distributions History

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BLKC - 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
0.75 23.1 6.84 3.29