How to Buy

          Digital Payments

          UCITS ETF (PMNT)

          Key Documents

            FUND SUMMARY

            The Rize Digital Payments Economy UCITS ETF seeks to invest in companies that potentially stand to benefit from the structural transition away from traditional cash payments to the speed and convenience of digital wallets, digital payments and digital currencies. The ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Foxberry Digital Payments Economy Index.


            • AUM ($USD): 10,589,395
            • TER: 0.45%
            • ISIN: IE00BLRPRQ96
            • Base Code: PMNT
            • SFDR Classification: Article 8
            • MSCI ESG Rating: BBB


            When people discuss the future of payments, they tend to predict the end of cash. Our view is different. We do not believe that cash will completely go away, but we do recognise that a new, powerful economy for digital payments is being born. An economy that offers speed, agility and convenience, and instils a sensibility that payments can happen seamlessly in the background as we hop in and out of Ubers. We can deduce much about the future of payments from the developing world, where digital wallets abound and have helped integrate thousands of unbanked communities. In the West, ecommerce growth, enthusiastic adoption of transparent payment experiences, and alternative payment methods are driving non-cash transaction momentum, merging with technologies like wearables, biometrics and blockchain, and challenging traditional banks – institutions that have long monopolised payment networks and hindered innovation and technological progress. Fortunately, these strangleholds are now unravelling. COVID-19, especially, has catalysed a cross-generational shift toward contactless payments and digital currencies. Our pioneering investment strategy and ETF – Europe’s new digital payments economy ETF – provides investors with exposure to companies that are creating this digital-first payments economy of tomorrow. The FinTech revolution is ushering in a new era in the way the world pays. For investors, this presents an opportunity.

            WHY PMNT?

            • Favourable Growth Prospects

              PMNT is Europe’s new digital payments economy ETF, and provides investors with exposure to companies that are leading the structural transition toward online and digital payments, digital wallets and digital currencies.

            • Powered by Euromonitor®

              PMNT is purpose-built in collaboration with Euromonitor, a strategy research firm based in London, United Kingdom, and leverages their unique insights and proprietary classification system of companies that are leaders and innovators in the digital payments economy.

            • Unconstrained Approach

              PMNT’s composition transcends classic sector, size and geographic classifications by tracking an emerging theme.

            • ETF Efficiency

              In a single trade, PMNT delivers access to dozens of companies that are favourably positioned to ride the tailwinds of the digital payments economy theme.

            Thematic Classification

            PMNT invests in companies within the 5 sub-sectors of our Digital Payments Economy thematic classification built in partnership with strategy research group Euromonitor. The classification is an enabling taxonomy designed for the investment and research communities with the aim of identifying the key disruptive forces in FinTech and related companies and business activities that are powering the rise of our global digital payments economy.

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            Card Payment Networks

            Payment Processors

            Payment Infrastructure Providers

            Payment Services and Solutions Providers

            Digital/Crypto Currency Pioneers


            CHART (%)
            TABLE (%)

            Capital at risk. Past performance is not a reliable indicator of future results. The value of your investment and income generated will vary, your initial investment amount cannot be guaranteed. The return of your investment may increase or decrease as a result of currency fluctuations.

            As of
            CumulativeETFIndexTracking Difference
            Year to date
            1 month
            3 months
            6 months
            1 year

            Capital at risk. Past performance is not a reliable indicator of future results. The value of your investment and income generated will vary, your initial investment amount cannot be guaranteed. The return of your investment may increase or decrease as a result of currency fluctuations.


            Top 10 Holdings

            DLOCAL LTD COM USD0.002 CL AKYG2901810184.01USD
            PAYONEER GLOBAL INC COMUS70451X10463.03USD
            AFFIRM HLDGS INC CL AUS00827B10612.85USD
            REMITLY GLOBAL INC COMUS75960P10492.84USD
            GLOBAL PMTS INC COMUS37940X10282.63USD
            REPAY HLDGS CORP CL AUS76029L10082.55USD
            COINBASE GLOBAL INC COM CL AUS19260Q10762.46USD
            WISE PLC CLS A ORD GBP0.01GB00BL9YR7562.39GBP
            MASTERCARD INCUS57636Q10402.38USD

            Full Fund Holdings


            Fund Details

            Net AssetsUSD 10,589,395
            NAV per shareUSD 3.1646
            Shares Outstanding3,346,230
            Total Expense Ratio0.45
            Base CodePMNT
            Base CurrencyUSD
            Index NameFoxberry Digital Payments Economy Index / FXBYPMNT
            Thematic ClassificationEuromonitor’s Classification for the Digital Payments Economy
            Index Replication MethodPhysical – full replication
            Income TreatmentAccumulating
            No. of holdings63
            IssuerRize UCITS ICAV
            PromoterRize ETF Limited
            ManagerIQ EQ Fund Management (Ireland) Limited
            Investment ManagerIQ EQ Fund Management (Ireland) Limited
            Depositary / CustodianNorthern Trust Fiduciary Services (Ireland) Limited
            ISA Eligible (UK)Yes
            SIPP Eligible (UK)Yes
            Reporting Fund Status (UK)Yes
            Equity Fund (DE)Yes
            SFDR ClassificationArticle 8



            • Austria
            • Denmark
            • Finland
            • Germany
            • Ireland
            • Italy
            • Luxembourg
            • Netherlands
            • Norway
            • Spain
            • Sweden
            • Switzerland
            • United Kingdom


            ExchangeCurrencyListing DateSEDOLBloomberg TickerRIC
            Borsa ItalianaEUR01-Dec-21BNM5H24PMNT IMPMNT.MI
            Deutsche Börse XetraEUR11-Nov-21BNM5H35PMNT GYPMNTG.DE
            London Stock ExchangeUSD11-Nov-21BNM5GZ0PMNT LNPMNT.L
            London Stock ExchangeGBP11-Nov-21BNM5H02PAYG LNPAYG.L
            SIX Swiss ExchangeCHF10-Jan-22BNM5H13PMNT SEPMNT.S


            Research & Insights

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            Fund documents

            All Other Documents


            The Fund may be subject to the risks associated with financial technology companies and other technologies associated with digital and internet based payments and digital currency, including the risks to companies operating in the industry arising from: fierce domestic and international competition and the potential for rapidly changing technologies and the risk of obsolescence of existing products, leading to reduced revenues and/or profit margins for individual companies and/or companies operating in particular segments; the loss of patent, copyright and trademark protections; evolving industry standards; unsophisticated and/or evolving or divergent regulatory frameworks which may become less favourable or even prohibitive in one or more countries over time and which may impede the adoption of digital payment products and services; and cybersecurity and associated risks in relation to users’ personal data and other company information and intellectual property.

            Some companies may be smaller and less experienced companies, with limited product lines, markets or financial resources and fewer experienced management or marketing personnel. They may experience extreme price and volume fluctuations that are often unrelated to their operating performance.

            The Index is typically comprised of a mix micro, small, mid, and large capitalisation companies. Micro and small capitalisation companies may be more vulnerable to adverse business or economic events than larger, more established companies and may underperform other segments of the market or the equity market as a whole. Securities of micro and small capitalisation companies generally trade in lower volumes, are less liquid and are often more vulnerable to market volatility and greater and more unpredictable price changes than larger capitalisation stocks or the stock market as a whole.

            Other: (1) Third party service providers (such as the ICAV’s depositary) may go bankrupt and fail to pay money due to the Fund or return property belonging to the Fund. (2) If the Index provider stops calculating the Index or if the Fund’s license to replicate the Index is terminated, the Fund may have to be closed. (3) It may not always be possible to buy and sell the Fund’s Shares on a stock exchange or at prices closely reflecting the Net Asset Value. (4) There is no capital guarantee or protection on the value of the Fund and investors can lose all the capital invested in the Fund. (5) Please refer to the “Risk Factors” section of the ICAV’s Prospectus and the Fund Supplement.

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