The ETFMG Prime Mobile Payments ETF invests in companies that stand to benefit from the transition away from cash and credit cards to digital payment technology.
Top holdings include familiar names like Visa and Mastercard, but the index methodology caps the weight of any company at 6%, which keeps those giants from swamping the portfolio. Other top holdings include Paypal, Fleetcor and Square.
The management fee of 75 basis points is high for a passive ETF, but not unusual for niche products. One alternative is the Global X FinTech ETF (FINX), which invests in some of the same companies but comes with a lower fee, and a portfolio that isn’t dominated by old-school credit card companies.
One unusual consideration in the case of IPAY is the reputation of ETF Managers Group, the firm that runs the fund. ETFMG is facing lawsuits from former business partners alleging theft of management fees from a handful of ETFs, including IPAY. So far there’s little indication that the firm’s legal woes have hurt investors in the disputed funds but investors and advisers should be aware of the controversy. In December 2019, a federal judge ordered ETFMG to pay $80 million to Nasdaq, one former business partner. The judge sharply criticized ETFMG’s founder and chief executive. ETFMG has appealed.
| Segment | Equity: Global Digital Payments |
| Category | Sector |
| Focus | Theme |
| Niche | Digital Payments |
| Strategy | Vanilla |
| Weighting Scheme | Tiered |
This section compares how balanced and deep this ETF is relative to its peers.
| IPAY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 55 | 84 | 55 |
| % of Assets in Top 10 | 54.20% | 44.59% | 54.20% |
| % of Assets in Top 15 | 66.12% | 57.16% | 66.12% |
| % of Assets in Top 50 | 107.85% | 91.24% | 107.85% |
| IPAY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 53.59% | 53.93% | 53.59% |
| Mid (>2.7B) | 24.96% | 20.78% | 24.96% |
| Small (>600M) | 18.44% | 13.12% | 18.44% |
| Micro (<600M) | 1.76% | 5.66% | 1.76% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| IPAY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.23 | $ 0.13 | $ 0.23 |
| Dividend Date | 2018-12-24 | N/A | N/A |
| Annual Dividend Rate | N/A | $ 0.31 | N/A |
| Annual Dividend Yield | N/A | 0.28% | N/A |
View charts featuring IPAY price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -5.85 M 1 Month Net Flows: -16.46 M 3 Month Net Flows: -87.36 M 6 Month Net Flows: -153.46 M 1 Year Net Flows: -193.03 M 3 Year Net Flows: -37.14 M 5 Year Net Flows: 429.07 M 10 Year Net Flows: 570.99 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -56.32 MThe adjacent table gives investors an individual Realtime Rating for IPAY on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Technology Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers.
| IPAY |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -10.36% | -10.11% | -10.36% |
| 3 Month Return | -6.14% | -7.55% | -6.14% |
| YTD Return | -33.38% | -35.85% | -33.38% |
| 1 Year Return | -43.89% | -31.47% | -43.89% |
| 3 Year Return | -16.64% | 19.33% | -16.64% |
| 5 Year Return | 20.35% | 34.07% | 20.35% |
The following charts reflect the geographic spread of IPAY's underlying holdings.
| Region | Percentage |
|---|---|
| North, Central and South America | 88.98% |
| Europe | 12.79% |
| Asia Pacific | 6.79% |
| Other | -8.56% |
| Country | Percentage |
|---|---|
| United States | 70.61% |
| Netherlands | 4.13% |
| Brazil | 2.82% |
| United Kingdom | 2.46% |
| Japan | 2.35% |
| Italy | 2.17% |
| France | 2.16% |
| South Korea | 1.67% |
| United Arab Emirates | 1.6% |
| Uruguay | 1.53% |
| Cayman Islands | 1.45% |
| Canada | 1.42% |
| China | 1.41% |
| Puerto Rico | 1.32% |
| Other | 1.21% |
| Hong Kong | 1.13% |
| South Africa | 0.33% |
| Australia | 0.23% |
The following charts reflect the allocation of IPAY's underlying holdings.
| Sector | Percentage |
|---|---|
| Commercial Services | 41.5% |
| Technology Services | 31.17% |
| Finance | 23.93% |
| Miscellaneous | 9.77% |
| Electronic Technology | 2.19% |
| CASH | -8.56% |
| Market Cap | Percentage |
|---|---|
| Large | 53.59% |
| Mid | 24.96% |
| Small | 18.44% |
| Micro | 1.76% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 98.79% |
| Exchange Traded Fund (ETF-ETF) | 8.54% |
| Open-ended Fund | 1.23% |
| CASH | -8.56% |
| Sector | Percentage |
|---|---|
| Commercial Services | 41.5% |
| Technology Services | 31.17% |
| Finance | 23.93% |
| Miscellaneous | 9.77% |
| Electronic Technology | 2.19% |
| CASH | -8.56% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 177.52% |
| 20 Day Volatility | 27.85% |
| 50 Day Volatility | 28.02% |
| 200 Day Volatility | 35.36% |
| Beta | 1.3 |
| Standard Deviation | 8.84% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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