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): 11,509,661
            • 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 the 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

            REMITLY GLOBAL INC COMUS75960P10493.61USD
            FLYWIRE CORP COM VTGUS30249210392.97USD
            SHIFT4 PMTS INC CL AUS82452J10972.86USD
            COINBASE GLOBAL INC COM CL AUS19260Q10762.64USD
            ADYEN NV EUR0.01NL00129691822.33EUR
            MASTERCARD INCUS57636Q10402.3USD
            VISA INC COM CL AUS92826C83942.29USD
            GLOBAL PMTS INC COMUS37940X10282.15USD
            AFFIRM HLDGS INC CL AUS00827B10612.13USD

            Full Fund Holdings


            Fund Details

            Net AssetsUSD 11,509,661
            NAV per shareUSD 3.1766
            Shares Outstanding3,623,305
            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 holdings61
            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


            Fund documents

            All Other Documents


            All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

            As many of the companies invested in by PMNT are technology-focussed, PMNT is vulnerable to a cyclical decline in the value of the technology sector as a whole.

            Individual companies are subject to intense competition that may negatively impact their revenues and market values and therefore PMNT's value.

            PMNT also invests in small publicly-traded companies which may be less mature and therefore more vulnerable to adverse business or economic events and greater and more unpredictable price changes than larger companies, the technology sector as a whole or the stock market as a whole.

            PMNT invests in global equity securities. As such, there is a risk of loss arising from exchange rate fluctuations or exchange control regulations.

            Other: (1) Third-party service providers (such as the ICAV’s depositary) may go bankrupt and fail to pay money due to PMNT or return property belonging to PMNT. (2) If the Index provider stops calculating the Index or if PMNT's license to replicate the Index is terminated, PMNT may have to be closed. (3) It may not always be possible to buy and sell PMNT'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 PMNT and investors can lose all the capital invested in PMNT. (5) Please refer to the “Risk Factors” section of the ICAV’s Prospectus and the Fund Supplement.

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