The recent shift in the payments industry has been the transition away from the traditional payments methods and into mobile methods. It is commonly held that consumer spending accounts for approximately two thirds of U.S. Gross Domestic Product (GDP) which in real terms equates to roughly 11.5 trillion dollars. It is estimated by the Electronic Transaction Association (ETA) that 70% of these transaction are conducted electronically. While the basic infrastructure that facilitates electronic payments (e-payments) has been in place for decades, it has recently evolved to facilitate the demands of a now global industry. Per the ETA, industry segments include Card Networks, Infrastructure & Software Providers, Processors and/or Solutions companies; players from each of these segments are represented in the fund.
PureFunds ISE Mobile Payments ETF (IPAY), the World's first Mobile/Electronic Payments ETF, was created to provide the market with a transparent vehicle to invest in the increasingly important Mobile Payments industry. Mobile payments is inclusive of the many growing forms of mobile payments involving both electronic and digital payments.
The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE Mobile Payments Index.
AS OF 05/22/2017
|Net Asset Value||$29.00||Closing Price||$29.04|
|Daily Change $||$0.25||Daily Change $||$0.24|
|Daily Change %||0.87%||Closing Price||0.24%|
AS OF 04/30/2017
|1 MONTH||3 MONTH||6 MONTH||1 YEAR||QTD||YTD||SINCE
|Market Value %||1.00%||7.31%||14.12%||16.18%||-||10.67%||13.85|
|QUARTER END AS OF 03/31/2017|
|Market Value %||0.75%||9.57%||11.74%||17.38%||-||9.57%||12.73|
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 877-756-PURE.
AS OF 05-22-2017
|TICKER||SHARE HELD||MARKET VALUE USD|
|1||PAX GLOBAL TECHNOL||0.10%||327 HK||186,535||$112,376|
|2||ACI WORLDWIDE INC||2.36%||ACIW||113,536||$2,596,568|
|3||AMERICAN EXPRESS CO||5.23%||AXP||74,850||$5,761,953|
|4||DISCOVER FINL SVCS||4.26%||DFS||78,620||$4,694,400|
|5||EURONET WORLDWIDE INC||2.61%||EEFT||34,080||$2,877,034|
|7||FIRST DATA CORP NEW||3.57%||FDC||235,730||$3,931,976|
|8||FIDELITY NATL INFORMATION SVCS COM||5.00%||FIS||65,556||$5,508,671|
|10||FLEETCOR TECHNOLOGIES INC||3.65%||FLT||29,375||$4,026,431|
Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.
The ISE Mobile Payments Index is designed to reflect the performance of companies involved in the mobile and electronic payments industry, including card networks, processors, infrastructure/software and solutions companies. The stocks are screened for liquidity and weighted according to IPY's methodology guide which can be found here. The stocks are screened for liquidity and weighted according to a modified linear-based capitalization-weighted methodology. The Index was created and is maintained by ISE Indexes. An investment cannot be made directly in an index.
"The future of payments is making transactions easier, faster and less expensive; mobile payment companies seek those goals."
– Andrew Chanin