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.
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.
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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. The fund's top holdings include Capital One Financial Corp, Global Payments Inc, and Charles Schwab Corp. BPAY provides investors with a targeted approach to investing in the fintech sector, potentially offering higher returns compared to passively managed fintech ETFs.
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. the may be worth researching expense ratio in conjunction with the fund's potential returns and investment strategy. The expense ratio can impact overall returns, particularly in periods of lower performance.
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%). These companies represent a diverse range of fintech activities, from payment processing to online banking and e-commerce platforms. The fund's allocation to these top holdings reflects its investment strategy of focusing on companies driving innovation in the financial services industry.
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. The fund's expense ratio of 0.66% should also be considered, as it can impact long-term returns. Past performance does not guarantee future results. Investors should conduct thorough research and consider their own circumstances before making any investment decisions.
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. With AUM of $0.01 billion, BPAY is smaller than some of its competitors, which may impact liquidity and trading costs. BPAY's strategy focuses on companies delivering innovative and emerging technologies used in the financial services industry, while other fintech ETFs may have broader or more specific investment mandates. Investors should compare BPAY's holdings, sector allocations, and performance to those of similar ETFs to determine the best fit for their investment objectives.
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. The fund's focus is primarily on capital appreciation through investments in growth-oriented fintech companies, rather than generating income through dividends. The absence of a dividend yield may be a factor for investors prioritizing current income in their investment strategy.