About IPAY®
IPAY® capitalizes on the shift from credit card and cash transactions to digital and electronic systems.
- The first ETF to target the mobile payments industry.
- Capitalizes on the transition taking place from cash/physical credit card payments to a mobile/digital system.
- Benefits from the increasing use of smartphones, e-commerce and the need for hassle-free transacting.
- Mobile payment market size is estimated to be valued at $42 billion in 2022 and reach $590 billion by 2032, at a CAGR of 30%.8
About the Fund
The ETFMG Prime Mobile Payments ETF (IPAY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The Index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, specifically focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets).
About the Index
The Prime Mobile Payments Index (the “Index”) is designed to provide a benchmark for investors interested in tracking the mobile and electronic payments industry. The stocks are screened for liquidity and weighted according to a modified linear-based capitalization-weighted methodology. An investment cannot be made directly in an Index.
Prime Indexes
Prime Indexes creates financial indexes that solve problems for both professional and self-directed investors. Prime Indexes are used as the basis for innovative new investment solutions for investors and use intuitive design principles so that new investment products can ultimately provide low-cost, efficient, and convenient access.
For more information, visit www.primeindexes.com.
Research
Fund Summary
Income Data
as of 3/28/2023 5
Fund Documents
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Fund Prices
Last Updated 3/28/2023
Fund Name
ETFMG Prime Mobile Payments ETF
NAV
40.29
Nav Price Change
0.29
Median Bid/Ask Spread (30 Day) (%) 4
0.22
Symbol
IPAY
Market Price Close
40.32
Market Price Changes
0.25
Premium/Discount (%)
0.06
Month End Performance
|
Last Updated 02/28/2023 |
NAV% | Market Value% |
|---|---|---|
| Cumulative | ||
| 1 Month | -4.17 | -4.32 |
| 3 Months | 2.46 | 2.44 |
| 6 Months | -0.92 | -0.77 |
| YTD | 7.61 | 7.82 |
| Since Inception Cumulative | 71.58 | 71.41 |
| Annual | ||
| 1 Year | -17.50 | -17.55 |
| 3 Year | -4.12 | -4.08 |
| 5 Year | 3.01 | 3.01 |
| Since Inception Annualized | 7.34 | 7.32 |
Quarter End Performance
|
Last Updated 12/31/2022 |
NAV% | Market Value% |
|---|---|---|
| Cumulative | ||
| 1 Month | -4.79 | -4.99 |
| 3 Months | 3.97 | 4.00 |
| 6 Months | 0.69 | 0.33 |
| YTD | -32.20 | -32.38 |
| Since Inception Cumulative | 59.44 | 58.98 |
| Annual | ||
| 1 Year | -32.20 | -32.38 |
| 3 Year | -7.45 | -7.47 |
| 5 Year | 2.64 | 2.53 |
| Since Inception Annualized | 6.45 | 6.41 |
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477).
Top 10 Holdings
Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.
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Fund Summary
Income Data
as of 3/28/2023 5
