Future of Payments ETF
- International shares
Gain exposure to leading companies innovating in the global payments sector
Overview
Fund objective
IPAY aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of global companies at the forefront of innovation in digital and mobile payments.
Benefits of IPAY
-
Access the growth potential of the digital payments sector
Adoption of innovative payment solutions is projected to grow strongly, with global mobile payments anticipated to increase from ~US$1.5 trillion in 2019 to US$12.1 trillion by 2027.*
-
Exposure to leading global digital payments innovators
IPAY provides exposure to up to 50 of the leading companies innovating in the global payments sector, including Visa, Mastercard, PayPal, Square and Affirm.
-
Convenient, cost-effective exposure to the digital payments sector
With management costs of only 0.67% p.a. (or $67 for every $10,000 invested), IPAY provides cost-effective exposure to the growth potential of the digital payments sector in a single ASX trade.**
* Source: Allied Market Research, Mobile Payment Market Outlook – 2027. Actual outcomes may differ materially from projected outcomes.
** Certain additional costs apply. Please refer to PDS.
There are risks associated with an investment in IPAY, including market risk, sector risk, international investment risk and concentration risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.
How to invest
- You can buy or sell units just like any share on the ASX.
- Fund requires no minimum investment.
Key facts
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
* Data is delayed by at least 20 minutes.
| NAV | |
|---|---|
| NAV/Unit* | $11.29 |
* As at 16 September 2024
Profile
| Net assets* ($A) | $3,612,771 |
|---|---|
| Units outstanding* (#) | 320,000 |
| Management fee and cost** (p.a.) | 0.67% |
| Distribution frequency | At least annually |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Issuer | Betashares Capital Ltd |
| Registry | Link Market Services |
* As at 16 September 2024
* As of close of previous day**Certain additional costs apply. Please refer to PDS.
Trading information
| ASX code | IPAY |
|---|---|
| Bloomberg code | IPAY AU |
| IRESS code | IPAY.AXW |
| Market makers | Susquehanna Pacific |
Index information
| Index | Nasdaq CTA Global Digital Payments Index |
|---|---|
| Index provider | NASDAQ |
| Index ticker | N/A |
| Bloomberg index ticker | WALLET Index |
Holdings & allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| VISA INC | 6.3% |
| MASTERCARD INC | 6.2% |
| PAYPAL HOLDINGS INC | 6.1% |
| AMERICAN EXPRESS CO | 6.1% |
| FISERV INC | 6.1% |
| FIDELITY NATIONAL INFORMATION | 4.7% |
| TOAST INC | 4.7% |
| CORPAY INC | 4.5% |
| AFFIRM HOLDINGS INC | 4.5% |
| ADYEN NV | 4.5% |
* As at 17 September 2024. Excludes cash
Sector allocation
| Transaction & Payment Processi | 79.4% |
|---|---|
| Consumer Finance | 12.3% |
| Application Software | 4.4% |
| Financial Exchanges & Data | 3.9% |
* As of 30 August 2024
Country allocation
| United States | 81.1% |
|---|---|
| Netherlands | 4.8% |
| Britain | 3.6% |
| Brazil | 2.4% |
| Italy | 2.3% |
| Japan | 1.4% |
| Canada | 1.0% |
| France | 0.9% |
| Australia | 0.9% |
| Other | 1.5% |
* As of 30 August 2024
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 1.72% | 1.80% |
| 3 months | 5.91% | 6.12% |
| 6 months | -0.27% | 0.10% |
| 1 year | 23.08% | 23.98% |
| 3 year p.a. | - | -6.69% |
| 5 year p.a. | - | 3.17% |
| 10 year p.a. | - | - |
| Since inception (p.a.) | -1.86% | -1.24% |
| Inception date | 13-Dec-21 | - |
* As at 30 August 2024.
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Chart
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Distributions
Yield information
| 12 mth distribution yield* | - |
|---|
*As at 30 August 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 01-Jul-24 | 02-Jul-24 | 16-Jul-24 | - | - |
| 02-Jan-24 | 03-Jan-24 | 17-Jan-24 | - | - |
| 03-Jul-23 | 04-Jul-23 | 18-Jul-23 | - | - |
| 03-Jan-23 | 04-Jan-23 | 18-Jan-23 | - | - |
| 01-Jul-22 | 04-Jul-22 | 18-Jul-22 | - | - |
1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.