SATO Fees and Costs — Invesco Alerian Galaxy Crypto Economy ETF
Data updated: 2026-09-29
The net expense ratio is 0.66%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $48K in broker commissions, 0.4385% of average net assets, and portfolio turnover was 164%.
SATO Fees and Expenses
Annual operating expenses and sales charges of SATO. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
SATO Costs Over Time
On $10,000 invested in SATO, assuming 5% a year before costs, total costs come to $686 over 5 years, cutting the return by 1.15% 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 0.66%) | $69 | $216 | $374 |
| Trading costs (broker commissions) | $46 | $144 | $249 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $377 | $686 |
| Value after costs | $10,385 | $11,199 | $12,077 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
SATO 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): 0.4385%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): $13.5M
- Portfolio turnover (prospectus): 164%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $314K (2.840% of average net assets)
SATO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INVESCO CAPITAL MARKETS, INC. | $14K | 29.99% |
| MORGAN STANLEY & CO. LLC | $9K | 19.59% |
| RBC CAPITAL MARKETS, LLC | $5K | 10.08% |
| TD Securities (USA) LLC | $5K | 9.44% |
| CITIGROUP GLOBAL MARKETS INC. | $4K | 9.38% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $3K | 7.24% |
| MACQUARIE CAPITAL (USA) INC. | $3K | 5.64% |
| BARCLAYS CAPITAL INC. | $2K | 4.12% |
| MIZUHO SECURITIES USA LLC | $2K | 3.96% |
| GOLDMAN, SACHS & CO. | $264 | 0.55% |
SATO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $10.2M | 75.17% |
| JANE STREET CAPITAL, LLC | $1.8M | 13.54% |
| VIRTU AMERICAS LLC | $828K | 6.13% |
| UBS SECURITIES LLC | $698K | 5.17% |
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.