Key Highlights

  • The fund holds 37 financial technology companies across payments, lending and banking.
  • Global Payments, Block and Chime Financial are among the largest positions.
  • Net asset value is $24.83, after a one-day gain of $0.41, or 1.69%.
  • The net expense ratio is 0.55%, and distributions are paid semi-annually.

Financial technology companies are reshaping how consumers pay, borrow and invest, and the iShares Fintech Active ETF (NYSEARCA:BPAY) offers an actively managed way to hold them. Figures in this article are current to November 9, 2026. The fund seeks to maximize total return by investing in companies delivering innovative technologies across the financial services industry, including payments, banking, insurance and software. Shares trade on NYSE Arca and have been listed since August 2022.

Fund Fact

Detail

Exchange and ticker

NYSE Arca: BPAY

Fund inception

August 16, 2022

Net assets

$8.9 million

Net asset value

$24.83

Daily NAV change

+$0.41 (+1.69%)

Expense ratio (gross / net)

0.66% / 0.55%

30-day SEC yield

0.53%

Distribution frequency

Semi-annual

Number of holdings

37

Payments and Lending Exposure

Global Payments accounts for about 5.1% of market value, Block 4.9%, and Chime Financial 4.9%. Capital One Financial, Charles Schwab, Kaspi.kz and Visa follow, each with weights between about 3.9% and 4.2%.

Cash represents about 5.8% of the portfolio. The fund also holds smaller positions in digital Wealth Management and consumer finance platforms, which broaden its exposure beyond payments.

Trading and Risk Measures

The net asset value rose $0.41 in the latest session, a gain of 1.69%. Average Daily Volume is about 1,500 shares, and the 30-day median bid-ask spread of 0.20% reflects moderate trading costs.

The fund's Standard Deviation over three years is 23.96%, and its Equity Beta of 1.47 indicates higher sensitivity to market moves. Financial sector companies can be affected by regulation, interest rates and Credit market liquidity.

Costs, Income and Technology Risk

The gross expense ratio is 0.66%, with a fee Waiver reducing the net figure to 0.55%. Semi-annual distributions are paid, and the 30-day SEC Yield of 0.53% reflects a limited income focus.

Technology companies face intense competition and product obsolescence. Active management means holdings can change over time, and the fund does not guarantee that it will meet its objective.

Final Word

The iShares FinTech Active ETF offers managed exposure to financial technology companies across payments, lending and digital banking. Its active structure, net expense ratio and high sensitivity to market moves define its profile. Investors will weigh this thematic exposure against their broader financial and technology holdings.