BLKC Fees and Costs — Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF
Data updated: 2026-04-01
The net expense ratio is 0.60%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.2333% of average net assets, and portfolio turnover was 91%.
BLKC Fees and Expenses
Annual operating expenses and sales charges of BLKC. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
BLKC Costs Over Time
On $10,000 invested in BLKC, assuming 5% a year before costs, total costs come to $523 over 5 years, cutting the return by 0.87% 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 0.60%) | $63 | $197 | $342 |
| Trading costs (broker commissions) | $24 | $77 | $133 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $87 | $287 | $523 |
| Value after costs | $10,413 | $11,289 | $12,240 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
BLKC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2333%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $6.4M
- Portfolio turnover (prospectus): 91%
- Securities on loan, average value: $444K
- Net income from securities lending: $81K (1.871% of average net assets)
BLKC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $3K | 34.56% |
| MORGAN STANLEY & CO. LLC | $2K | 16.04% |
| TD Securities (USA) LLC | $2K | 15.19% |
| RBC CAPITAL MARKETS, LLC | $826 | 8.32% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $702 | 7.07% |
| MIZUHO SECURITIES USA LLC | $655 | 6.60% |
| MACQUARIE CAPITAL (USA) INC. | $437 | 4.40% |
| CITIGROUP GLOBAL MARKETS INC. | $365 | 3.67% |
| BARCLAYS CAPITAL INC. | $341 | 3.44% |
| GOLDMAN, SACHS & CO. | $70 | 0.70% |
BLKC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $4.3M | 66.82% |
| CITIGROUP GLOBAL MARKETS INC. | $1.1M | 16.65% |
| VIRTU AMERICAS LLC | $1.1M | 16.53% |
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.