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Rize

Digital Payments
Economy

UCITS ETF (PMNT)

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.

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.

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.

  • SFDR Classification

    PMNT is classified as Article 8.

RISKS

  • 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.


Fund Details

Net Assets USD 925,116
NAV per share USD 4.6256
Shares Outstanding 200,000
Total Expense Ratio 0.45
Inception 05/11/2021
ISIN IE00BLRPRQ96
Base Code PMNT
Base Currency USD
Index Name Foxberry Digital Payments Economy Index / FXBYPMNT
Index Replication Method Physical – full replication
Income Treatment Accumulating
No. of holdings 61
UCITS Yes
Domicile Ireland
Issuer Rize UCITS ICAV
Promoter Rize ETF Limited
Manager Davy Global Fund Management Limited
Investment Manager Davy Global Fund Management Limited
Depositary / Custodian Northern Trust Fiduciary Services (Ireland) Limited
ISA Eligible (UK) Yes
SIPP Eligible (UK) Yes
Reporting Fund Status (UK) Yes
Equity Fund (DE) Yes

Top 10 Holdings

Name ISIN Weight CCY
GREENSKY US39572G1004 4.05 USD
NUVEI CORP CA67079A1021 3.45 CAD
ADYEN NL0012969182 3.32 EUR
COINBASE GLOBAL INC -CLASS A US19260Q1076 3 USD
GMO PAYMENT GATEWAY JP3385890003 2.87 JPY
NTT DATA JP3165700000 2.72 JPY
SILVERGATE CAP. US82837P4081 2.57 USD
CSG SYS. INTL. US1263491094 2.46 USD
MASTERCARD INC US57636Q1040 2.35 USD
SQUARE US8522341036 2.34 USD

Full Fund Holdings

Listings

Exchange Currency Listing Date SEDOL Bloomberg Ticker RIC
Borsa Italiana EUR 01-Dec-21 BNM5H24 PMNT IM PMNT.MI
Deutsche Börse Xetra EUR 11-Nov-21 BNM5H35 PMNT GY PMNTG.DE
London Stock Exchange USD 11-Nov-21 BNM5GZ0 PMNT LN PMNT.L
London Stock Exchange GBP 11-Nov-21 BNM5H02 PAYG LN PAYG.L
SIX Swiss Exchange CHF Pending BNM5H13 PMNT SE PMNT.S

Registrations

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

Fund documents

All Other Documents

Contact Us

Please note that we do not provide investment advice and we will only respond to general enquiries. We will not respond to any queries related to your individual circumstances. Individual investors are required to contact their professional adviser/broker for any investment related queries.

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