BPAY ETF — Holdings & Analysis

The iShares FinTech Active ETF (BPAY) is an actively managed equity ETF with $0.01 billion in assets under management.

Launched in August 2022, BPAY seeks to maximize total return by investing in companies involved in innovative and emerging technologies within the financial services industry. With an expense ratio of 0.66%, BPAY offers exposure to a concentrated portfolio of 41 holdings, differentiating itself through active stock selection within the fintech sector. The fund's active management aims to capitalize on the growth potential within the rapidly evolving fintech landscape.

iShares FinTech Active ETF (BPAY) ETF — Price, Holdings & Analysis

The iShares FinTech Active ETF (BPAY) is an actively managed equity ETF with $0.01 billion in assets under management. Launched in August 2022, BPAY seeks to maximize total return by investing in companies involved in innovative and emerging technologies within the financial services industry. With an expense ratio of 0.66%, BPAY offers exposure to a concentrated portfolio of 41 holdings, differentiating itself through active stock selection within the fintech sector. The fund's active management aims to capitalize on the growth potential within the rapidly evolving fintech landscape.

ETF Overview

The iShares FinTech Active ETF seeks to maximize total return by investing in the companies delivering innovative and emerging technologies used in the financial services industry.

The iShares FinTech Active ETF (BPAY) aims to provide investors with exposure to companies at the forefront of financial technology innovation. The fund achieves this by actively selecting companies that are delivering innovative and emerging technologies used in the financial services industry. BPAY's portfolio consists of 41 holdings, with a significant emphasis on the Financial Services sector, representing 51.0% of the fund, followed by Technology at 36.8%. Top holdings include Capital One Financial Corp (4.18%), Global Payments Inc (4.04%), and Charles Schwab Corp (3.99%). The fund also has exposure to companies in Consumer Cyclical (5.9%), Industrials (4.2%), and Real Estate (2.1%) sectors. BPAY's active management approach seeks to identify and capitalize on opportunities within the fintech space, potentially offering investors higher returns compared to passively managed fintech ETFs. The fund's country exposure is primarily focused on the United States (56.1%), with additional allocations to the United Kingdom (7.9%) and Brazil (3.1%).

Risk Metrics

The iShares FinTech Active ETF (BPAY) carries several risks inherent to its investment strategy. With only 41 holdings, the fund exhibits concentration risk, as a small number of companies can significantly impact its performance. The fund's heavy allocation to the Financial Services (51.0%) and Technology (36.8%) sectors exposes it to sector-specific risks, where downturns in these sectors could negatively affect returns. BPAY's beta of 1.62 indicates higher volatility compared to the broader market. The fund's expense ratio of 0.66% can create an expense drag, potentially reducing overall returns, especially in periods of underperformance. Investors should be aware of these risks and consider their own risk tolerance before investing in BPAY. Past performance does not guarantee future results.

Expense Ratio

0.66%

What does BPAY hold?

Holding	Weight
Capital One Financial Corp (COF)	4.18%
Global Payments Inc (GPN)	4.04%
Charles Schwab Corp (SCHW)	3.99%
Block Inc Class A (XYZ)	3.78%
MercadoLibre Inc (MELI)	3.32%
LendingClub Corp (LC)	3.15%
Nu Holdings Ltd Ordinary Shares Class A (NU)	2.96%
BlackRock Cash Funds Treasury SL Agency (XTSLA)	2.92%
Sezzle Inc (SEZL)	2.80%
Mastercard Inc Class A (MA)	2.70%

How Is the Fund Allocated?

Sector	Weight
Financial Services	51.0%
Technology	36.8%
Consumer Cyclical	5.9%
Industrials	4.2%
Real Estate	2.1%

Country	Weight
United States	56.1%
Other	11.7%
United Kingdom	7.9%
Brazil	3.1%
Uruguay	3.0%
Cayman Islands	2.7%
Kazakhstan	2.6%
Israel	2.3%
Singapore	2.1%
Japan	1.9%

Dividend Yield

0.00%

State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

iShares Russell 2000 ETF (IWM) (Equity) — 0.19% expense ratio
iShares MSCI Emerging Markets ETF (EEM) (Equity) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) (Equity) — 0.32% expense ratio
iShares Blockchain and Tech ETF (IBLC) (Equity) — 0.47% expense ratio
iShares MSCI USA Momentum Factor ETF (MTUM) (Equity) — 0.15% expense ratio
iShares Russell Mid-Cap ETF (IWR) (Equity) — 0.18% expense ratio

Risk Metrics

Beta: 1.62

Questions & Answers

What is BPAY and what does it track?

The iShares FinTech Active ETF (BPAY) is an actively managed exchange-traded fund that focuses on companies involved in innovative and emerging technologies within the financial services industry, also known as fintech.

Unlike passive ETFs that track an index, BPAY's investment team actively selects the 41 holdings in its portfolio, seeking to maximize total return.

What is the expense ratio for BPAY?

The expense ratio for the iShares FinTech Active ETF (BPAY) is 0.66%. This means that for every $10,000 invested in the fund, $66 is used to cover the fund's operating expenses.

While this expense ratio provides access to a focused portfolio of fintech companies, it is higher than some broad market equity ETFs.

What are the top holdings in BPAY?

The iShares FinTech Active ETF (BPAY) has a concentrated portfolio, with its top holdings representing a significant portion of its assets.

As of March 15, 2026, the top three holdings in BPAY are Capital One Financial Corp (4.18%), Global Payments Inc (4.04%), and Charles Schwab Corp (3.99%). Other notable holdings include Block Inc Class A (3.78%) and MercadoLibre Inc (3.32%).

Is BPAY a good long-term investment?

Whether the iShares FinTech Active ETF (BPAY) is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and belief in the long-term growth potential of the fintech sector.

BPAY offers targeted exposure to companies involved in innovative financial technologies. However, the fund's relatively high beta of 1.62 suggests it may experience greater volatility than the broader market.

How does BPAY compare to similar ETFs?

The iShares FinTech Active ETF (BPAY) distinguishes itself through its active management approach, aiming to outperform passive fintech ETFs.

BPAY's expense ratio of 0.66% is higher than many passively managed ETFs in the same category, reflecting the cost of active stock selection.

Does BPAY pay dividends?

As of March 15, 2026, the iShares FinTech Active ETF (BPAY) has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders.

Investors seeking income-generating investments may want to consider other ETFs with a history of dividend payments.