How to Buy
          Rize

          Digital Payments
          Economy

          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.

            KEY INFORMATION

            • AUM ($USD): 12,056,300
            • TER: 0.45%
            • ISIN: IE00BLRPRQ96
            • Base Code: PMNT
            • SFDR Classification: Article 8
            • MSCI ESG Rating: A

            INVESTMENT CASE

            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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            DIGITAL PAYMENTS ECONOMY

            Card Payment Networks

            Payment Processors

            Payment Infrastructure Providers

            Payment Services and Solutions Providers

            Digital/Crypto Currency Pioneers

            Performance

            CHART (%)
            TABLE (%)
            RIZE DIGITAL PAYMENTS ECONOMY UCITS ETF
            FOXBERRY DIGITAL PAYMENTS ECONOMY INDEX

            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
            Inception

            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.

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            Top 10 Holdings

            NameISINWeightCCY
            COINBASE GLOBAL INC COM CL AUS19260Q10763.56USD
            TOAST INC COM USD0.000001 CLASS AUS88878710802.94USD
            REPAY HLDGS CORP CL AUS76029L10082.69USD
            ADYEN NV EUR0.01NL00129691822.68EUR
            NU HOLDINGS LTD USD0.000006666666 CLASS AKYG6683N10342.67USD
            BLOCK INCUS85223410362.37USD
            AVIDXCHANGE HLDGS.US05368X10282.21USD
            WISE PLC CLS A ORD GBP0.01GB00BL9YR7562.16GBP
            MASTERCARD INCUS57636Q10402.14USD
            PAYPAL HLDGS INC COMUS70450Y10382.07USD

            Full Fund Holdings

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            Fund Details

            Net AssetsUSD 12,056,300
            NAV per shareUSD 3.9161
            Shares Outstanding3,078,645
            Total Expense Ratio0.45
            Inception05/11/2021
            ISINIE00BLRPRQ96
            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 holdings62
            UCITSYes
            DomicileIreland
            IssuerARK Invest UCITS ICAV
            PromoterARK Invest International Ltd
            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

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            Registrations

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

            Listings

            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

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            Research & Insights

            Read More

            Fund documents

            All Other Documents

            Risks

            The Fund may be subject to the risks associated with financial technology companies and other technologies associated with digital and internetbased 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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