Fund Details
Ticker | IPAY® |
Inception | 07/15/2015 |
Primary Exchange | NYSE Arca |
CUSIP | 032108656 |
Net Assets | N/A |
Shares Outstanding | N/A |
# of Holdings (view all holdings) | N/A |
Expense Ratio: | 0.75% |
Index Details
Index Name | Nasdaq CTA Global Digital Payments Index |
Index Ticker | WALLET |
Index Provider | Nasdaq, Inc. |
Weighting Methodology | Thematic Market Cap |
Rebalance Frequency | Quarterly |
Index Website | Nasdaq Global Indexes |
Index Methodology |
Why Invest in IPAY?
- Power of Digital Transactions: Capitalizes on the transition taking place from cash/physical credit card payments to mobile/digital systems.
- Streamline Transactions & Effortless Experience: Benefits from the increasing use of smartphones, e-commerce and the need for hassle-free transacting.
- Digital Growth Wave: Global mobile payment market size was valued at $2.98 trillion in 2023 and is projected to grow from $3.84 trillion in 2024 to $27.81 trillion by 2032, a CAGR of 28.1%.1
Objective and Strategy
IPAY seeks investment results that generally correspond (before fees and expenses) to the total return performance of the Nasdaq CTA Global Digital Payments Index. IPAY provides access to global companies involved in payment-related products and/or services including card networks, infrastructure & software, processors and solutions.
NAV and Market Price
Previous Day's NAV | Previous Day's Market Price | |||
---|---|---|---|---|
Net Asset Value | N/A | Closing Price | N/A | |
Daily Change | N/A | Daily Change | N/A | |
% Daily Change | N/A | % Daily Change | N/A | |
30-Day Median Bid/Ask Spread | N/A | Premium/Discount % | N/A | |
Premium Discount History |
Daily Price/NAV Performance
Fund Holdings
TOP 10 HOLDINGS | |||
---|---|---|---|
Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
Thematic Allocation
Country Allocation
Market Capitalization
LARGE CAP (> $10B): | N/A |
MID CAP ($2B - $10B): | N/A |
SMALL CAP ($300M - < $2B): | N/A |
Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
Performance
CUMULATIVE (%) | ANNUALIZED (%) | ||||||||
---|---|---|---|---|---|---|---|---|---|
1 Mo. | 3 Mo. | 6 Mo. | YTD | Since Inception (07/15/15) |
1 Yr. | 3 Yr. | 5 Yr. | Since Inception (07/15/15) |
|
Month end as of TBD | |||||||||
Fund NAV | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Closing Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Nasdaq CTA Global Digital Payments Index | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Quarter end as of TBD | |||||||||
Fund NAV | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Closing Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Nasdaq CTA Global Digital Payments Index | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Brokerage commissions will reduce returns. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The closing price or market price is the most recent price at which the fund was traded.
Indexes are unmanaged and it’s not possible to invest directly in an index. The Nasdaq CTA Global Digital Payments Index is designed to track the performance of a selection of companies engaged in the global digital payments industry.
Premium/Discount
The table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund's daily net asset value ("NAV"). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than an NAV when those shares are sold because shares are bought and sold at current market prices.
Calendar Year | Calendar Year through | |
---|---|---|
Days traded at premium | N/A | N/A |
Days traded at net asset value | N/A | N/A |
Days traded at discount | N/A | N/A |
IPAY Distributions
EX-DATE | RECORD DATE | PAYABLE DATE | AMOUNT |
---|---|---|---|
2016 |
|||
12/28/16 | 12/30/16 | 1/3/17 | $0.0919 |
2017 |
|||
12/26/17 | 12/27/17 | 12/28/17 | $0.1722 |
2018 |
|||
12/24/18 | 12/26/18 | 12/27/18 | $0.0919 |
2019 |
|||
09/20/19 | 09/23/19 | 09/23/19 | $0.0100 |
2020 |
|||
12/14/20 | 12/15/20 | 12/16/20 | $0.3900 |
2021 |
|||
03/23/21 | 03/24/21 | 03/25/21 | $0.0500 |
2024 |
|||
03/26/24 | 03/27/24 | 03/28/24 | $0.01013 |
06/27/24 | 06/27/24 | 06/28/24 | |
09/27/24 | 09/27/24 | 09/30/24 | |
12/30/24 | 12/30/24 | 12/31/24 |
There is no guarantee that distributions will be made.
1 www.fortunebusinessinsights.com/industry-reports/mobile-payment-market-100336. CAGR, compound annual growth rate, calculated based on forecasted period 2024-2032.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility. Mobile payment companies face intense competition, both domestically and internationally, and are subject to increasing regulatory constraints, particularly with respect to fees, competition and anti-trust matters, cybersecurity and privacy. Mobile payment companies may be highly dependent on their ability to enter into agreements with merchants and other third parties to utilize a particular payment method, system, software or service, and such agreements may be subject to increased regulatory scrutiny. Additionally, certain mobile payment companies have recently faced increased costs related to class-action litigation challenging such agreements. Such factors may adversely affect the profitability and value of such companies.
The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Investments in smaller companies tend to have limited liquidity and greater price volatility than large-capitalization companies. The Fund’s return may not match or achieve a high degree of correlation with the return of the Index. To the extent the Fund utilizes a sampling approach, it may experience tracking error to a greater extent than if the Fund had sought to replicate the Index.
Prior to 1/29/24, the Amplify Digital Payments ETF was the ETFMG Prime Mobile Payments ETF that previously tracked the Prime Mobile Payments Index.
Amplify Investments LLC is the Investment Adviser to the Fund, and Penserra Capital Management LLC serves as the Investment Sub-Adviser.