Digital Payments Infrastructure Fund (TPAY)

Digital infrastructure is essential to the functioning of the economy. The Tortoise Digital Payments Infrastructure Fund uses a passive management approach and seeks to track the total return performance of the Tortoise Global Digital Payments Infrastructure IndexSM.

TPAY key benefits

  • The fund invests in companies that have the potential to benefit as the world continues to evolve from traditional cash payments to the speed, accuracy and efficiency of digital payments
  • Access to all participants in the fee-based credit card value chain, including merchant acquirers, processors, networks and issuers
  • Exposure to new forms of digital payments, such as mobile, point-of-sale devices and P2P matching engines
  • Market cap and liquidity filters that provide a comparatively high level of liquidity

Potential advantages for investors

  • One 1099, no K-1s
  • No unrelated business taxable income (UBTI)
  • No leverage
  • Continuous liquidity

Fund Details

Total net assets $2.74M
Investment objective Total Return
Fiscal year end November 30
Structure Regulated Investment Company (RIC)
Fund Stats as of 03/19/2019
Symbol TPAY
Listing Exchange Cboe BZX
CUSIP 56167N548
Inception Date 1/31/2019
Market Price $27.42
NAV $27.40
NAV Change  $0.08
Premium/(Discount) 0.10%
Price Change $0.02
Total Net Assets $2.74M
Total Market Value $2.74M
Shares Outstanding 100,000
Management Fee 0.40%
Total Expenses 0.40%

Fund Resources
Quarterly Fact Sheet  
Tax Information
Fund documents