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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ETFMG Prime Mobile Payments ETF

IPAY | ETF

$59.65

$346 M

0.00%

0.75%

Vitals

YTD Return

28.6%

1 yr return

46.4%

3 Yr Avg Return

-0.7%

5 Yr Avg Return

4.6%

Net Assets

$346 M

Holdings in Top 10

49.8%

52 WEEK LOW AND HIGH

$59.8
$41.33
$60.01

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ETFMG Prime Mobile Payments ETF

IPAY | ETF

$59.65

$346 M

0.00%

0.75%

IPAY - Profile

Distributions

  • YTD Total Return 28.6%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.20%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    ETFMG Prime Mobile Payments ETF
  • Fund Family Name
    ETF Managers Trust
  • Inception Date
    Jul 15, 2015
  • Shares Outstanding
    16150000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Samuel Masucci

Fund Description

The Fund uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the Index and does not seek temporary defensive positions when markets decline or appear overvalued.
The Fund generally expects to use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Index in approximately the same proportions as in the Index. However, the Fund may utilize a representative sampling strategy with respect to the Index when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Index, in instances in which a security in the Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Index.
The Index tracks the performance of the exchange-listed equity securities (or corresponding American Depositary Receipts (“ADRs”) or Global Depositary Receipts (“GDRs”)) of companies across the globe that (i) engage in providing payment processing services or applications, (ii) provide payment solutions, (iii) build or provide payment industry architecture, infrastructure or software, or (iv) provide services as a credit card network (collectively, “Mobile Payment Companies”).
Mobile Payment Companies are identified by Prime Indexes (the “Index Provider”), an independent index provider that is not affiliated with the Fund’s investment adviser. The Index Provider utilizes issuer financial statements and other public filings and reports, as well as third-party industry research, reports, and analyses, to identify Mobile Payment Companies around the world that meet the Index’s criteria for inclusion. Mobile Payment Companies are then screened for investibility (e.g., must not be listed on an exchange in a country which employs certain restrictions on foreign capital investment), a minimum market capitalization of $500 million for new component companies and $100 million for existing component companies, and an operating company structure (as opposed to a pass-through security).
The Index Provider may exclude companies that meet the criteria for inclusion in the Index or include companies that do not meet such criteria if it determines that including or excluding them would be contrary to the objective of the Index (e.g., their inclusion would negatively affect the investibility of the Index, the company’s economic fortunes are predominantly driven by a business not
related to that of a Mobile Payments Company, the company is expected to meet the inclusion criteria in the immediate future and plays an important role in the mobile payments industry).
The Index has a quarterly review in March, June, September, and December of each year at which times the Index is reconstituted and rebalanced by the Index Provider. The composition of the Index and the constituent weights are determined on the two Thursdays before the second Friday of each March, June, September, and December (or the next business day if this is a non-business day) (the “Selection Day”). Component changes are made after the market close on the third Friday of March, June, September, and December (or the next business day if the third Friday is not a business day) and become effective at the market opening on the next trading day. The Index is developed and owned by the Index Provider, and the Index is calculated and maintained by Solactive AG. The Index Provider is independent of Solactive AG, the Fund, and the Fund’s investment adviser.
The Index constituents are weighted according to a modified market capitalization weighting methodology. Constituent weightings are “modified” in that each constituent weighting is capped at 6% of the Index and the cumulative weight of all constituents with an individual weight of 5% or greater may not in the aggregate account for more than 50% of the weight of the Index as of the Selection Day. In addition, constituents with a market capitalization of less than US $1 billion as of the Selection Day will have their weight reduced by 55–85% depending on their specific market capitalization. The weight of any individual Index constituent whose weight is reduced due to the above-described limits will be redistributed equally among all other Index constituents whose weights are not in excess of such limits.
As of January 10, 2023, the Index had 51 constituents.
The Fund invests at least 80% of its total assets, exclusive of collateral held from securities lending, in the component securities of the Index and in ADRs and GDRs based on the component securities in the Index. The Fund may invest up to 20% of its total assets in securities that are not in the Fund’s Index to the extent that the Fund’s adviser believes such investments should help the Fund’s overall portfolio track the Index.
The Fund may lend its portfolio securities to brokers, dealers, and other financial organizations. These loans, if and when made, may not exceed 33 1/3% of the total asset value of the Fund (including the loan collateral). By lending its securities, the Fund may increase its income by receiving payments from the borrower.
The Fund rebalances its portfolio in accordance with its Index, and, therefore, any changes to the Index’s rebalance schedule will result in corresponding changes to the Fund’s rebalance schedule.
Correlation: Correlation is the extent to which the values of different types of investments move in tandem with one another in response to changing economic and market conditions. An index is a theoretical financial calculation, while the Fund is an actual investment portfolio. The performance of the Fund and the Index may vary somewhat due to transaction costs, asset valuations, foreign currency valuations, market impact, corporate actions (such as mergers and spin-offs), legal restrictions or limitations, illiquid or unavailable securities, and timing variances.
The Fund’s investment adviser expects that, over time, the correlation between the Fund’s performance and that of the Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Index than if it uses a representative sampling strategy.
Industry Concentration: The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of related industries to approximately the same extent that the Index is concentrated. As of January 10, 2023, the Index was concentrated in companies in the information technology services industry.
Read More

IPAY - Performance

Return Ranking - Trailing

Period IPAY Return Category Return Low Category Return High Rank in Category (%)
YTD 28.6% -35.1% 100.1% 17.65%
1 Yr 46.4% -29.5% 116.0% 14.71%
3 Yr -0.7%* -45.2% 22.2% 35.29%
5 Yr 4.6%* -26.0% 26.8% 65.63%
10 Yr N/A* -1.8% 16.7% 41.38%

* Annualized

Return Ranking - Calendar

Period IPAY Return Category Return Low Category Return High Rank in Category (%)
2023 18.2% -34.8% 38.7% 29.41%
2022 -32.4% -72.7% 8.2% 70.59%
2021 -12.7% -31.7% 27.4% 66.67%
2020 34.2% -29.0% 233.6% 56.25%
2019 41.8% -2.0% 66.0% 18.52%

Total Return Ranking - Trailing

Period IPAY Return Category Return Low Category Return High Rank in Category (%)
YTD 28.6% -35.1% 100.1% 17.65%
1 Yr 46.4% -29.5% 116.0% 14.71%
3 Yr -0.7%* -45.2% 22.2% 35.29%
5 Yr 4.6%* -26.0% 26.8% 65.63%
10 Yr N/A* -1.8% 16.7% N/A

* Annualized

Total Return Ranking - Calendar

Period IPAY Return Category Return Low Category Return High Rank in Category (%)
2023 18.3% -33.0% 39.0% 38.24%
2022 -32.4% -72.7% 8.2% 70.59%
2021 -12.7% -31.7% 28.3% 69.70%
2020 34.2% -28.9% 233.9% 59.38%
2019 41.8% 0.4% 66.5% 25.93%

IPAY - Holdings

Concentration Analysis

IPAY Category Low Category High IPAY % Rank
Net Assets 346 M 3.78 M 31.2 B 50.00%
Number of Holdings 55 20 389 47.06%
Net Assets in Top 10 186 M 2.31 M 5.86 B 44.12%
Weighting of Top 10 49.83% 11.2% 90.4% 64.71%

Top 10 Holdings

  1. Mount Vernon Liquid Assets Portfolio, LLC 7.06%
  2. American Express Co 5.97%
  3. Mastercard Inc 5.61%
  4. Fiserv Inc 5.53%
  5. Visa Inc 5.52%
  6. PayPal Holdings Inc 5.32%
  7. Block Inc 4.36%
  8. Adyen NV 3.76%
  9. Fidelity National Information Services Inc 3.40%
  10. Global Payments Inc 3.32%

Asset Allocation

Weighting Return Low Return High IPAY % Rank
Stocks 		99.12% 0.00% 101.10% 41.18%
Cash 		8.07% 0.00% 99.38% 50.00%
Convertible Bonds 		0.43% 0.00% 3.05% 12.12%
Preferred Stocks 		0.00% 0.00% 45.05% 52.94%
Other 		0.00% -7.62% 91.95% 61.76%
Bonds 		0.00% 0.00% 97.85% 50.00%

Stock Sector Breakdown

Weighting Return Low Return High IPAY % Rank
Technology 		63.77% 0.00% 72.56% 8.00%
Financial Services 		31.79% 0.00% 95.51% 8.00%
Industrials 		4.44% 0.00% 90.47% 52.00%
Utilities 		0.00% 0.00% 85.14% 64.00%
Real Estate 		0.00% 0.00% 16.54% 64.00%
Healthcare 		0.00% 0.00% 65.82% 56.00%
Energy 		0.00% 0.00% 32.10% 64.00%
Communication Services 		0.00% 0.00% 16.38% 52.00%
Consumer Defense 		0.00% 0.00% 50.44% 48.00%
Consumer Cyclical 		0.00% 0.00% 34.19% 88.00%
Basic Materials 		0.00% 0.00% 17.92% 96.00%

Stock Geographic Breakdown

Weighting Return Low Return High IPAY % Rank
US 		77.17% 0.00% 101.10% 23.53%
Non US 		21.95% 0.00% 82.82% 38.24%

IPAY - Expenses

Operational Fees

IPAY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.41% 5.61% 52.94%
Management Fee 0.75% 0.25% 1.90% 64.71%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.19% N/A

Sales Fees

IPAY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.25% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

IPAY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IPAY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 124.00% 59.09%

IPAY - Distributions

Dividend Yield Analysis

IPAY Category Low Category High IPAY % Rank
Dividend Yield 0.00% 0.00% 12.45% 64.71%

Dividend Distribution Analysis

IPAY Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

IPAY Category Low Category High IPAY % Rank
Net Income Ratio -0.20% -2.66% 5.19% 64.71%

Capital Gain Distribution Analysis

IPAY Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

IPAY - Fund Manager Analysis

Managers

Samuel Masucci

Start Date

Tenure

Tenure Rank

Jan 31, 2018

4.33

4.3%

Samuel Masucci, III has more than 25 years’ experience in investment banking, structured product development, sales and trading. In the last 5 years, he founded ETF Managers Group (ETFMG) hich has led to the launch of 15 funds and $3 billion in assets. . Prior to ETFMG, Mr. Samuel Masucci, III has held senior positions at Bear Stearns, UBS, SBC Warburg, and Merrill Lynch and has experience in creating, building and managing businesses for the issuance, sales and trading of: ETFs, index products, commodity products, hedge funds, ABS, and OTC structured products in the U.S. and Europe.

Devin Ryder

Start Date

Tenure

Tenure Rank

May 07, 2018

4.07

4.1%

Devin Ryder began her career with ETF Managers Group LLC during the summer of 2017 and re‑joined ETF Managers Group LLC on a permanent basis in 2018 to be a part of the portfolio management team. Prior to joining ETF Managers Group LLC, Ms. Ryder was pursuing studies in the quantitative aspects of risk management and finance, for which she received a B.S. in Mathematics of Finance and Risk Management from the University of Michigan in 2017.

Frank Vallario

Start Date

Tenure

Tenure Rank

Sep 30, 2019

2.67

2.7%

Frank Vallario serves in the role of Chief Investment Officer for the ETF Managers Group, LLC. Mr. Vallario is responsible for the portfolio construction, trading, risk management and portfolio analysis processes associated with ETF strategies. Prior to his current role, Mr. Vallario has had a variety of senior roles over his 25-year career in financial services. He joined Oppenheimer Funds in 2017 where he was Head of Equity Portfolio Management for Smart Beta ETFs. Prior to that he was Senior Portfolio Manager at Columbia Threadneedle from September 2015 to June 2017 where he was responsible for the day to day management of the firm’s ETF business, which was acquired from his previous firm, Emerging Global Advisors (EGA). From September 2010 to September 2015, he was relationship manager at MSCI responsible for providing investment solutions to complex problems using MSCI Barra’s fundamental models and portfolio construction tools. Previously, he was a partner in a start-up asset management firm where he served as the director of portfolio management. Mr. Vallario began his career at UBS Global Asset Management where he spent over a decade in various quantitative portfolio management equity roles including equity market neutral, tactical asset allocation, structured active equities, enhanced index, passive management and factor research. Mr. Vallario serves on the Investment Committee for the Girl Scouts of Connecticut and is a University Affiliate at the University of Utah - David Eccles School of Business. He received a B.S. in Finance from Lehigh University and a M.B.A. with a concentration in Finance from Rutgers University.

Tenure Analysis

Category Low Category High Category Average Category Mode
1.25 23.1 9.26 22.93

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