Future of Payments ETF

IPAY

Gain exposure to leading companies innovating in the global payments sector

Invest with us

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* $10.51

* As at 17 June 2024

Profile

Net assets* ($A) $3,362,486
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 17 June 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 (%)
FISERV INC 6.3%
MASTERCARD INC 6.2%
VISA INC 6.2%
AMERICAN EXPRESS CO 6.0%
PAYPAL HOLDINGS INC 5.8%
COINBASE GLOBAL INC 5.4%
DISCOVER FINANCIAL SERVICES 4.8%
FIDELITY NATIONAL INFORMATION 4.7%
ADYEN NV 4.5%
CORPAY INC 4.3%

* As at 18 June 2024. Excludes cash

Sector allocation

Transaction & Payment Processi
77.9%
Consumer Finance
12.6%
Financial Exchanges & Data
5.9%
Application Software
3.6%

* As of 31 May 2024

Country allocation

United States
81.3%
Britain
3.9%
Netherlands
3.7%
Brazil
3.4%
Italy
2.3%
France
1.6%
Canada
1.0%
Japan
1.0%
Puerto Rico
0.9%
Other
1.0%

* As of 31 May 2024

Performance

Fund returns after fees (%)

  Fund Index
1 month -3.06% -2.99%
3 months -5.84% -5.67%
6 months 14.93% 15.36%
1 year 19.27% 20.13%
3 year p.a. - -5.74%
5 year p.a. - 4.62%
10 year p.a. - -
Since inception (p.a.) -4.30% -3.71%
Inception date 13-Dec-21 -

* As at 31 May 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 31 May 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)
2-Jan-24 3-Jan-24 17-Jan-24 - -
3-Jul-23 4-Jul-23 18-Jul-23 - -
3-Jan-23 4-Jan-23 18-Jan-23 - -
1-Jul-22 4-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.

Announcements

ASX announcements: IPAY

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