L&G Digital Payments UCITS ETF
ETF (UCITS compliant)
L&G Digital Payments UCITS ETF
An investment strategy focused on the growth potential of digital payment technologies and the global transition to a cashless economy.
An investment strategy focused on the growth potential of digital payment technologies and the global transition to a cashless economy.
ISINIE00BF92J153
Price
TER0.49%
ISINIE00BF92J153
Price
TER0.49%
Fund aim
The L&G Digital Payments UCITS ETF (the "ETF") aims to track the performance of the Solactive Digital Payments Index NTR (the “Index”).
Fund snapshot
- Long-term allocation
Long-term megatrend that we believe is radically transforming the way we make payments
- High growth potential
Aims to capture the outsized growth potential of global digital payments
- Leveraging industry expertise
An index tracking investment strategy that is supported by a team of payments experts
- Does it promote sustainability characteristics?
The Fund promotes a range of environmental and social characteristics which are met by tracking the Index. Further information on how such characteristics are met by the Fund can be found in the Fund Supplement.
Fund facts
Fund size | $19.5m |
Base currency | USD |
Fund launch date | 27 May 2021 |
Domicile | Ireland |
Share class launch | 25 May 2021 |
Replication method | Physical - full replication |
ISA eligible | Yes |
SIPP eligible | Yes |
UK Fund Reporting status | Yes |
Benchmark
Solactive Digital Payments Index
Index description
Solactive Digital Payments Index NTR
The Index is designed to provide exposure to equity securities of global companies that are actively engaged in the digital payments ecosystem. The digital payments ecosystem consists of the card payment and the cardless open-banking payment ecosystems.
The index universe encompasses companies that are actively engaged in the value-chain of digital payments, which includes payment acquirer, card issuers, payment gateways, payment processors, payment technology providers, and cardless payment service providers.
A company is only eligible for inclusion in the Index if it is of a sufficient size (determined by reference to the total market value of its shares that are publically traded) and it is sufficiently "liquid" (a measure of how actively its shares are traded on a daily basis). Moreover, the Index excludes certain companies: (a) that derive substantial revenues from coal mining; (b) involved in the production of controversial weapons; or (c) that, for a continuous period of three years, have been classified as being in breach of at least one of the UN Global Compact principles, which is a set of globally accepted standards on human rights, labour, environment and corruption.
The universe of companies out of which the Index selection is made is refreshed semi-annually in June and December. All constituents of the Index are equally weighted within the Index subject to certain liquidity based weight caps made to ensure that securities with lower liquidity are not overly represented in the Index. On a monthly basis, the weight of each company is assessed and, if any of them exceed 15% of the index, the weights of all companies are adjusted so that they are again equally weighted subject to liquidity constraints within the Index.
Index data
Provider | Solactive |
Bloomberg code | SOLDPAY |
Reuters code | .SOLDPAY |
Type | Net Total Return |
Website | Go to website |
Performance
Portfolio breakdown
As at 31 Jan 2024
Top 10 constituents | 29.2% |
---|---|
Rest of Index | 70.8% |
No. of constituents in Index | 40 |
---|
Top 10 constituents (%)
PagSeguro | 3.2 |
Nuvei | 3.0 |
American Express | 3.0 |
Discover Financial Services | 3.0 |
Q2 Holdings | 2.9 |
StoneCo | 2.9 |
Global Payments | 2.9 |
Credit Saison | 2.9 |
ACI Worldwide | 2.8 |
Euronet Worldwide | 2.8 |
Sector (%)
Financials | 78.2 |
Information Technology | 21.8 |
Top 10 constituents | 29.2% |
---|---|
Rest of Index | 70.8% |
No. of constituents in Index | 40 |
---|
Top 10 constituents (%)
PagSeguro | 3.2 |
Nuvei | 3.0 |
American Express | 3.0 |
Discover Financial Services | 3.0 |
Q2 Holdings | 2.9 |
StoneCo | 2.9 |
Global Payments | 2.9 |
Credit Saison | 2.9 |
ACI Worldwide | 2.8 |
Euronet Worldwide | 2.8 |
Sector (%)
Financials | 78.2 |
Information Technology | 21.8 |
Currency (%)
USD | 70.4 |
EUR | 7.5 |
CAD | 5.7 |
JPY | 5.5 |
GBP | 5.0 |
AUD | 2.7 |
KRW | 2.5 |
HKD | 0.8 |
Country (%)
United States | 59.3 |
Cayman Islands | 9.1 |
Canada | 8.5 |
Japan | 5.5 |
United Kingdom | 5.0 |
France | 4.9 |
Australia | 2.7 |
Netherlands | 2.6 |
Korea | 2.5 |
All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding. The breakdowns shown relate to the Index. The ETF’s portfolio may deviate from the portfolio of the Index.
Fund managers
LGIM Index Fund Management Team
The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.
Sustainability
SFDR categorisation
Article 8The Fund promotes the above-mentioned characteristics by tracking the Solactive Digital Payments Index NTR (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and social characteristics promoted by the Fund. Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
The Fund promotes the above-mentioned characteristics by tracking the Solactive Digital Payments Index NTR (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and social characteristics promoted by the Fund. Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
The Fund follows the following sustainability-related investment strategy by tracking the Index that applies:
Literature
Document type
Prices
Pricing information
Price time | 16:00 EST (NY) |
Currency | USD |
Listings and codes
Listings
Exchange | Currency | Ticker | ISIN | Bloomberg | Reuters | Listing date | Trading hours (local) |
---|---|---|---|---|---|---|---|
London Stock Exchange | GBP | DPAG | IE00BF92J153 | DPAG LN | DPAG.L | 27/05/2021 | 08:00 - 16:30 |
London Stock Exchange | USD | DPAY | IE00BF92J153 | DPAY LN | DPAY.L | 27/05/2021 | 08:00 - 16:30 |
Borsa Italiana | EUR | DPAY | IE00BF92J153 | DPAY IM | DPAY.MI | 27/05/2021 | 09:00 - 17:30 |
Deutsche Börse Xetra | EUR | DPGA | IE00BF92J153 | DPGA GY | DPGA.DE | 27/05/2021 | 09:00 - 17:30 |
SIX Swiss Exchange | CHF | DPAY | IE00BF92J153 | DPAY SW | DPAY.S | 17/11/2021 | 09:00 - 17:30 |
Codes
ISIN | IE00BF92J153 |
SEDOL | - |
Bloomberg | DPAY |
MEX | - |
Dealing information
Issuer | Legal & General UCITS ETF Plc |
Depositary and Trustee | The Bank of New York Mellon SA/NV, Dublin Branch |
Securities regulator | Central Bank of Ireland |
Country registration
This share class is registered for sale in the following countries:
*The Fund is on the list of restricted collective investment schemes, but is not authorised or recognised by the Monetary Authority of Singapore (the “MAS”) and the Shares cannot be offered or marketed to retail clients.