Future of Payments ETF
Overview
Notice: IPAY is no longer available to trade on the ASX
The last day units in the Fund were traded was on 17 January 2025. For more information, please refer to the ASX announcement.
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
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.**
** 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.
Invest in IPAY with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 220,000 |
|---|---|
| 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 | MUFG Corporate Markets |
| Domicile | Australia |
* As at 17 January 2025
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| * Data is delayed by at least 20 minutes. | |
| NAV | |
|---|---|
| NAV/Unit* | $14.28 |
| * As at 17 January 2025 | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| ASX code | IPAY |
|---|---|
| Bloomberg code | IPAY AU |
| IRESS code | IPAY.AXW |
| Market makers | Susquehanna Pacific |
Index information
| Index | Nasdaq CTA Global Digital Payments Index |
|---|---|
| Index provider | NASDAQ |
| Index ticker | N/A |
| Bloomberg index ticker | WALLET Index |
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | -0.16% | -0.12% |
| 3 months | 25.38% | 25.53% |
| 6 months | 34.79% | 35.21% |
| 1 year | 36.92% | 37.82% |
| 3 year p.a. | 6.11% | 6.77% |
| 5 year p.a. | - | 7.66% |
| 10 year p.a. | - | - |
| Since inception p.a. | 5.50% | 6.16% |
| Inception date | 13-Dec-21 | - |
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Sector allocation
| Transaction & Payment Processing | 78.5% |
|---|---|
| Consumer Finance | 12.3% |
| Application Software | 5.6% |
| Financial Exchanges & Data | 3.7% |
* As of 31 December 2024
Country allocation
| United States | 82.4% |
|---|---|
| Netherlands | 5.1% |
| Britain | 5.1% |
| Italy | 1.6% |
| Brazil | 1.4% |
| Australia | 1.2% |
| Japan | 1.2% |
| France | 0.9% |
| Puerto Rico | 0.7% |
| Other | 0.5% |
* As of 31 December 2024
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| - | - | - | - | - |
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.