LEND — Amplify CrowdBureau Online Lending and Digital Banking ETF

Data updated: 2021-06-29

LEND — Amplify CrowdBureau Online Lending and Digital Banking ETF. China Blend / Core Financials Equity. Holdings, fees, performance and SEC filings.

LEND Fund Overview

LEND — Amplify CrowdBureau Online Lending and Digital Banking ETF is a US ETF managed by Amplify ETF Trust, categorised as China Blend / Core Financials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

  • Type: US ETF
  • Manager: Amplify ETF Trust
  • Category: China Blend / Core Financials Equity
  • Assets under management: $1.17M
  • 1-year return: 25.3%
  • Ticker: LEND
  • SEC CIK: 0001633061
  • SEC series ID: S000063458
  • Share class ID: C000205619

LEND Investment Objective and Strategy

Amplify CrowdBureau Online Lending and Digital Banking ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Amplify ETF Trust.

Investment objective

The Amplify CrowdBureau Online Lending and Digital Banking ETF ( formerly Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the CrowdBureau P2P Online Lending and Digital Banking Index (the Index).

Principal investment strategy

The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. In addition, the Fund will normally invest at least 80% of its total assets in the securities of online lending and/or digital banking companies. The Fund employs a passive management investment strategy in seeking to achieve its investment objective. Using an indexing investment approach, the Fund attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment sub-adviser, Penserra Capital Management, LLC, (the Sub-Adviser) manages the investment of the Funds assets. The Index is a rules-based stock index owned, developed and maintained by CrowdBureau Corporation (CrowdBureau or the Index Provider) designed to provide exposure to U.S.-listed equity securities of companies included within the peer-to-peer securities based crowdfunding and digital lending ecosystem.

In seeking to provide broad exposure to this emerging portion of the economy, the Index is devised to provide exposure to not only those companies that operate online lending platforms that facilitate peer-to-peer lending, but also U.S. financial institutions with a digital lending platform, social networking platforms and providers of technology and software solutions. The Index principally includes companies engaged in loan-based crowdfunding activities. The Index refers to crowdfunding as a financing method, typically internet-based, by which capital is raised through the solicitation of small individual investments or contributions from a large number of persons, entities or institutions that lend money directly or indirectly to businesses or consumers. In loan-based crowdfunding, more commonly referred to as peer-to-peer lending, investors generally purchase nonrecourse notes representing fractional interests in specific underlying loans.

The Index additional also provides exposure to digital banks, which epitomize a virtual banking process by facilitating all functional levels of banking on all service delivery platforms, including all the same functions a head office, branch office, online service, bank cards, ATM and point of sale machines provide. Digital banks allow users to access financial data through desktop, mobile, and ATM services. As an end-to-end platform, digital banking encompasses the front-end for the consumers, the back-end for bankers through their servers and administration control panels, and the middleware that connects these nodes. The Index further provides exposure to social networking platforms that offer or plan to offer peer-to-peer lending or securities-based crowdfunding services and providers of the technology and software solutions that enable and facilitate the operation of these crowdfunding platforms.

Specifically, the Index includes those companies with business operations that fall into one of the following two segments: Segment 1 Peer-to-Peer Marketplace Lenders and Digital Banking Platforms: Three categories 85% ? Peer-to-Peer Marketplace/Online Lenders. Companies that derive at least 50% of their revenue from the operation of loan-based crowdfunding platforms on which individuals and institutions may lend to individuals or businesses seeking loans and other credit-based offerings. ? U.S. Financial Institutions Offering a Digital Banking Platform . Companies that offer dedicated peer-to-peer lending and/or digital banking in the form of a separate business line or cost unit within a larger financial services franchise. The Index selects ten companies from this category. To be included within this category, the Index begins with all US registered banks.

From that universe, the thirty largest banks by assets are selected. From that group, the banks that have a dedicated digital banking platform (as defined by CrowdBureau) are identified. Of these banks, those banks with no branches are included in the Index. Of the remaining banks, those that derive 50% or more of their revenue from digital banking are also included in the Index. If ten banks have not been identified by the previous process, the remaining banks are then compared based on a scoring system which ranks the banks by adding their digital deposits, mobile users and registered digital users. The banks with the highest rankings are selected to complete the group of ten constituents. If more than ten banks are identified by the previous process, the ten banks with the highest scores pursuant to the above scoring methodology are selected to comprise the group of ten constituents.

? Social Networking Platforms . Companies operating social network platforms that enable individuals to lend or borrow without a bank serving as intermediary. This includes mobile banking, cash advances, remittances, and/or other forms of credit as part of a commerce ecosystem to support buyers, sellers or other customer groups. Segment 2 Providers of Technology and Software Solutions: One category 15% ? Providers of Technology and Software Solutions . Companies that derive their annual revenues from technologies, software solutions or data analytics intended to evaluate, underwrite, fund, provide financing and payment services that facilitate access to and extension of credit so as to enable and facilitate the operations of peer-to-peer lending and digital banking platforms. As of each reconstitution, the four categories represent the following percentages of the Index: ?

Peer-to-Peer Marketplace/Online Lenders 60%, modified market capitalization weighted; ? U.S. Financial Institutions Offering a Digital Banking Platform 20%, fixed weighted with a maximum weight of up to 3%; ? Social Networking Platforms 5%, fixed weighted with a maximum weight of 1%; and ? Providers of Technology and Software Solutions 15%, modified market capitalization weighted. See Additional Information About the Funds Strategies and Risks. The Index is composed of common stocks and depositary receipts issued by small, mid or large capitalization issuers operating in developed or emerging markets. Emerging market countries include, but are not limited to, those considered to be developing by the International Monetary Fund, the World Bank, the International Finance Corporation or one of the leading global investment banks .

The security selection process relies on publicly available information and data to identify those companies with business operations that fall into one of the segments of the peer-to-peer securities based crowdfunding and digital lending ecosystem enumerated above. All companies included in the Index are listed and traded on a nationally recognized securities exchange located in the United States. There is no limit as to the number of securities that can comprise the Index. As of January 1, 2021, the Index was comprised of 47 securities with a market capitalization range of approximately $6.9 million to $1.65 trillion. As of the date of this Prospectus, the Index also had significant exposure to U.S. and Chinese issuers. The Index is rebalanced and reconstituted on a quarterly basis. Concentration Policy.

The Fund will not concentrate its investments in securities of issuers in any industry or group of industries ( i.e ., holds 25% or more of its total assets) except to the extent the Index upon which the Fund is based concentrates in an industry or a group of industries. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the 1940 Act).

LEND Performance

Total returns for LEND (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year25.3%

LEND Risk Information

Risk metrics for LEND, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 17.8%

LEND Costs and Fees

LEND costs about $65 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.65%
  • Gross expense ratio: 0.65%
  • Portfolio turnover: 55%
  • Brokerage commissions: 16.10 bps of average net assets (SEC N-CEN)

LEND Cashflows

Over the 12 months to 2021-04, Amplify CrowdBureau Online Lending and Digital Banking ETF had net inflows of $1.08M, from monthly SEC N-PORT filings.

MonthNet flow
2021-04$0
2021-03$0
2021-02$438.40K
2021-01$340.74K
2020-12$0
2020-11$0

LEND Debt Constituents

No individual debt constituents are reported in Amplify CrowdBureau Online Lending and Digital Banking ETF's latest SEC N-PORT filing.

LEND Prospectus and SEC Filings

Official Amplify CrowdBureau Online Lending and Digital Banking ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Related funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.