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About SPDR Galaxy Digital Asset Ecosystem ETF
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Inception date
Sep 9, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
DECO provides exposure to the growing digital asset ecosystem. The fund invests in companies expected to thrive as blockchain technology becomes more widely adopted, focusing on blockchain-related activities, such as Bitcoin miners and crypto service providers. Simultaneously, it gains exposure to cryptocurrency price movements through ETFs and futures contracts, focusing on bitcoin and ether. Portfolio selection is based on a fundamental, bottom-up analysis, using macroeconomic trends like interest rates and inflation, as well as blockchain data like transaction volumes and mining activity. While crypto positions rely on market conditions, it adjust heavily to direct crypto-related assets when favorable and reduce risk during downturns. Additionally, exposure to cryptocurrencies is limited to 25% and is acquired indirectly through a Cayman Islands subsidiary. The fund may hold cash equivalents or money market instruments for liquidity and collateral purposes.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Finance
Electronic Technology
Mutual fund
Stocks81.29%
Technology Services44.74%
Finance23.00%
Electronic Technology11.29%
Producer Manufacturing1.23%
Commercial Services1.04%
Bonds, Cash & Other18.71%
Mutual fund14.51%
Cash4.20%
Stock breakdown by region
North America85.68%
Oceania7.70%
Middle East3.52%
Asia3.10%
Latin America0.00%
Europe0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DECO invests in stocks. The fund's major sectors are Technology Services, with 44.74% stocks, and Finance, with 23.00% of the basket. The assets are mostly located in the North America region.
DECO last dividends amounted to 0.05 USD. The year before, the issuer paid 0.51 USD in dividends, which shows a 912.38% decrease.
DECO assets under management is 8.71 M USD. It's risen 8.77% over the last month.
DECO fund flows account for 2.13 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, DECO pays dividends to its holders with the dividend yield of 0.16%. The last dividend (Dec 31, 2024) amounted to 0.56 USD. The dividends are paid annually.
DECO shares are issued by State Street Corp. under the brand SPDR. The ETF was launched on Sep 9, 2024, and its management style is Active.
DECO expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
DECO follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DECO invests in stocks.
DECO price has risen by 4.62% over the last month, and its yearly performance shows a 24.43% increase. See more dynamics on DECO price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 17.07% over the last month, showed a 17.96% increase in three-month performance and has decreased by −1.04% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 17.07% over the last month, showed a 17.96% increase in three-month performance and has decreased by −1.04% in a year.
DECO trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.