ETFMG Prime Mobile Payments
ALTAR
Score™
4.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.4x P/Sales
ratio
3.5x
P/BV
ratio
4.4x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ETFMG Prime Mobile Payments ETF tracks an index of global equity in credit card firms, and companies providing payment infrastructure, payment services, payment processing and payment solutions.

FUND BASICS
Category Global Equities
Fund Sponsor ETF Managers Group
Website www.etfmgfunds.com
Inception date Jul 16, 2015
Assets (mns) $754
Currency USD
Expense ratio 75 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $78,952
Large cap (>$10bn) 67.6%
Mid cap ($2-10bn) 22.9%
Small cap (<$2bn) 9.6%
Developed mkts 96.3%
Emerging mkts 3.7%

TOP TEN HOLDINGS
MASTERCARD INC-CLASS A 6.2 %
PAYPAL HOLDINGS INC 6.1 %
FIDELITY NATIONAL INFORMATIO 6.1 %
VISA INC-CLASS A SHARES 6.1 %
GLOBAL PAYMENTS INC 5.9 %
AMERICAN EXPRESS CO 5.9 %
FISERV INC 5.6 %
SQUARE, INC. CLASS A 4.3 %
ADYEN NV 3.9 %
FLEETCOR TECHNOLOGIES INC 3.5 %
Total 53.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 68.9 %
BRAZIL 6.6 %
FRANCE 5.8 %
NETHERLANDS 3.9 %
GERMANY 3.3 %
JAPAN 2.8 %
PUERTO RICO 1.9 %
CYPRUS 1.6 %
BRITAIN 0.5 %
HONG KONG 0.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.8% 31.6% -- -- 17.5%

Market Correlations
versus... Beta R-squared
S&P500 1.07 74%
MSCI EAFE 0.91 45%
MSCI Emg. Mkts. 0.58 31%

Technical Indicators
Recent close $54.62
30d moving avg. $52.09
Annualized volatility 15.0%
Short interest (ETF) 1.4%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 152
Turnover 1.1%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $7,066

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the ETFMG Prime Mobile Payments ETF based on the alternatives' overlap in portfolio holdings with IPAY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IPAY Expense: 75 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IPAY
Ticker Fund
Name
Overlap1
vs IPAY
(%)
Expense
ratio
(bp)
Savings
vs IPAY
(bp)
ALTAR
Score™
(%)
ALTAR
vs IPAY
(%)
TPAY Tortoise Digital Payments Infrastructure Fund 71.9 40 35 4.6 -0.2
GFIN Goldman Sachs Motif Finance Reimagined 33.8 50 25 4.5 -0.3
FINX Global X FinTech Thematic 33.0 68 7 2.7 -2.0
KOIN Innovation Shares NextGen Protocol 18.7 95 -20 4.4 -0.4
JHMF John Hancock Multifactor Financials 16.5 40 35 6.6 +1.8
LEND Amplify CrowdBureau Peer to Peer Lending & Crowdfunding 15.9 65 10 18.6 +13.9
IYG iShares DJ US Financial Services 15.7 42 33 6.4 +1.6
XLK Technology Select Sector SPDR 15.5 13 62 5.0 +0.2
MTUM iShares MSCI USA Momentum Factor 14.8 15 60 4.1 -0.7
PLAT WisdomTree Modern Tech Platforms 14.7 45 30 2.2 -2.6
FTEC Fidelity MSCI Info Technology 14.3 8 67 4.9 +0.1
SPHQ Invesco S&P 500 Quality 14.0 15 60 5.7 +0.9
SPMO Invesco S&P 500 Momentum Portfolio 13.4 13 62 4.0 -0.8
IXN iShares S&P Global Technology 13.0 46 29 4.6 -0.2
VGT Vanguard Info Tech ETF 12.7 10 65 4.9 +0.1
DTEC ALPS Disruptive Technologies 12.7 50 25 3.2 -1.6
IYF iShares DJ US Financials 12.7 42 33 6.0 +1.2
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 12.6 29 46 8.7 +3.9
GVIP Goldman Sachs Hedge Industry VIP 12.6 45 30 5.3 +0.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
ETFMG Prime Mobile Payments
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 23.9 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.