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 Index℠.

Fund Stats as of 4/25/2019:

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Market Price

$28.66

NAV

$28.55

NAV Change Dollars

$0.03

Premium/Discount

0.37%

Listing Exchange

Cboe BZX

CUSIP

56167N548

Inception Date

1/31/2019

Market Price Change Dollars

$0.07

Total Market Value

$4,299,000

Shares Outstanding

100,000

Management Fee

0.40%

Total Expenses

0.40%

We believe digital infrastructure is important 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 Index℠.

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

As of 4/25/2019

Net Assets

$4,282,208.45

Investment objective

Total Return

Fiscal Year End

November 30

Structure

Regulated Investment Company (RIC)

Daily Fund Holdings*

52 total, 4/26/2019

Security Name Stock Ticker Weight
WORLDPAY INC WP 4.95%
PAYPAL HLDGS INC PYPL 4.78%
FLEETCOR TECHNOLOGIES INC FLT 4.66%
GLOBAL PMTS INC GPN 4.64%
MASTERCARD INC MA 4.58%
VISA INC V 4.56%
DISCOVER FINL SVCS DFS 4.56%
TOTAL SYS SVCS INC TSS 4.47%
AMERICAN EXPRESS CO AXP 4.45%
WIRECARD AG WDI GR 4.44%
FIDELITY NATL INFORMATION SVCS COM FIS 4.38%
FISERV INC FISV 4.24%
FIRST DATA CORP NEW FDC 4.23%
SQUARE INC SQ 4.05%
HENRY JACK & ASSOC INC JKHY 3.90%
WEX INC WEX 3.05%
Cash & Other Cash&Other 2.99%
WESTERN UN CO WU 2.88%
EURONET WORLDWIDE INC EEFT 2.53%
DOCUSIGN INC DOCU 1.96%
INGENICO GROUP ING FP 1.76%
ADYEN NV ADYEN NA 1.67%
PAGSEGURO DIGITAL LTD PAGS 1.48%
ACI WORLDWIDE INC ACIW 1.35%
NCR CORP NEW NCR 1.16%
GMO PAYMENT GATEWA 3769 JP 1.10%
GREEN DOT CORP GDOT 1.05%
Q2 HLDGS INC QTWO 0.98%
AFTERPAY TOUCH GRP APT AU 0.98%
AEON FINANCIAL SER 8570 JP 0.80%
BOTTOMLINE TECH DEL INC EPAY 0.73%
CREDIT SAISON CO 8253 JP 0.69%
TRAVELPORT WORLDWIDE LTD TVPT 0.68%
EVERTEC INC EVTC 0.62%
PROVIDENT FINL PFG LN 0.56%
CSG SYS INTL INC CSGS 0.49%
LENDINGCLUB CORP LC 0.47%
ZUORA INC ZUO 0.46%
IRESS LIMITED IRE AU 0.39%
STONECO LTD STNE 0.34%
GREENSKY INC GSKY 0.25%
EVO PMTS INC EVOP 0.25%
CHINA YOUZAN LTD 8083 HK 0.24%
QIWI PLC QIWI 0.22%
CASS INFORMATION SYS INC CASS 0.22%
ONESPAN INC OSPN 0.21%
HUIFU PAYMENT LTD 1806 HK 0.15%
ORIENT CORP 8585 JP 0.13%
PAX GLOBAL TECHNOL 327 HK 0.12%
YIRENDAI LTD YRD 0.07%
PUSHPAY HOLDINGS PPH NZ 0.06%
CHONG SING HOLDING 8207 HK 0.04%
Weight Total 100%

*Fund holdings are not a recommendation to buy or sell a security.

All weights calculated using U.S. dollars based on the latest closing exchange rate.

Price/NAV History

59 total, 4/25/2019

Date Market Price NAV NAV Change Dollars Premium/ Discount
4/25/2019 $28.66 $28.55 $0.03 0.37%
4/24/2019 $28.59 $28.52 $0.06 0.23%
4/23/2019 $28.47 $28.46 $0.34 0.04%
4/22/2019 $28.10 $28.12 $0.13 -0.10%
4/18/2019 $28.23 $27.99 $-0.18 0.83%
4/17/2019 $28.51 $28.17 $0.00 1.20%
4/16/2019 $28.34 $28.17 $-0.03 0.60%
4/15/2019 $28.58 $28.20 $0.07 1.37%
4/12/2019 $28.14 $28.13 $0.19 0.01%
4/11/2019 $28.04 $27.94 $-0.04 0.32%
4/10/2019 $28.07 $27.98 $0.04 0.33%
4/09/2019 $28.09 $27.95 $-0.08 0.53%
4/08/2019 $28.19 $28.02 $-0.01 0.59%
4/05/2019 $28.12 $28.04 $0.10 0.31%
4/04/2019 $28.08 $27.93 $-0.17 0.52%
4/03/2019 $28.16 $28.10 $0.10 0.19%
4/02/2019 $28.03 $28.01 $0.06 0.08%
4/01/2019 $28.04 $27.95 $0.34 0.34%
3/29/2019 $27.69 $27.61 $0.08 0.29%
3/28/2019 $27.92 $27.53 $0.11 1.42%
3/27/2019 $27.48 $27.41 $-0.05 0.22%
3/26/2019 $27.65 $27.46 $0.58 0.68%
3/25/2019 $26.94 $26.88 $-0.16 0.22%
3/22/2019 $27.17 $27.04 $-0.56 0.50%
3/21/2019 $27.79 $27.59 $0.44 0.72%
3/20/2019 $27.55 $27.15 $-0.24 1.46%
3/19/2019 $27.42 $27.40 $0.08 0.10%
3/18/2019 $27.41 $27.31 $0.16 0.34%
3/15/2019 $27.47 $27.15 $0.09 1.15%
3/14/2019 $27.22 $27.07 $-0.01 0.55%
3/13/2019 $27.22 $27.08 $0.19 0.51%
3/12/2019 $26.93 $26.89 $-0.01 0.15%
3/11/2019 $26.89 $26.90 $0.51 -0.05%
3/08/2019 $26.21 $26.39 $0.12 -0.70%
3/07/2019 $26.30 $26.27 $-0.26 0.11%
3/06/2019 $26.57 $26.53 $-0.17 0.16%
3/05/2019 $26.78 $26.70 $-0.03 0.28%
3/04/2019 $26.53 $26.73 $-0.24 -0.75%
3/01/2019 $27.22 $26.97 $0.17 0.92%
2/28/2019 $26.87 $26.80 $0.05 0.26%
2/27/2019 $26.81 $26.75 $0.13 0.24%
2/26/2019 $26.69 $26.61 $0.15 0.30%
2/25/2019 $26.52 $26.46 $0.16 0.21%
2/22/2019 $26.35 $26.30 $0.39 0.18%
2/21/2019 $25.94 $25.91 $-0.22 0.12%
2/20/2019 $26.21 $26.13 $-0.03 0.29%
2/19/2019 $26.22 $26.16 $0.30 0.25%
2/15/2019 $25.94 $25.86 $0.25 0.30%
2/14/2019 $25.71 $25.62 $0.05 0.40%
2/13/2019 $25.69 $25.57 $0.12 0.50%
2/12/2019 $25.53 $25.45 $0.26 0.30%
2/11/2019 $25.25 $25.19 $0.07 0.20%
2/08/2019 $25.15 $25.12 $0.05 0.10%
2/07/2019 $24.96 $25.07 $-0.31 -0.50%
2/06/2019 $25.41 $25.38 $-0.12 0.10%
2/05/2019 $25.54 $25.50 $0.22 0.10%
2/04/2019 $25.29 $25.28 $0.40 0.00%
2/01/2019 $25.09 $24.88 $-0.12 0.80%
1/31/2019 $25.00 $25.00 $0.00 0.00%

Performance data quoted represents past performance; past performance does not guarantee future results. Like any other stock, total return and market value will fluctuate so that an investment, when sold, may be worth more or less than its original cost. Due to market volatility, current performance may be lower or higher than the figures shown.

Tortoise Global Digital Payments Infrastructure Index℠

Sector Allocations

As of most recent rebalance date (3/15/2019)

Top 10 Constituents

As of most recent rebalance date (3/15/2019)
Name TPMT Index Weight
Visa Inc. - Class A
4.6%
PayPal Holdings, Inc.
4.6%
American Express Company
4.6%
Worldpay, Inc. - Class A
4.6%
FleetCor Technologies, Inc.
4.6%
Name TPMT Index Weight
Global Payments Inc.
4.6%
Mastercard Incorporated - Class A
4.5%
Discover Financial Services
4.5%
Fidelity National Information Services, Inc.
4.5%
Square, Inc. - Class A
4.5%

Distribution History

Ticker Declare Ex-Date Record Date Payment Date Amount
TPAY 12/27/2019 12/30/2019 12/31/2019 1/2/2020 TBD
TPAY 9/24/2019 9/25/2019 9/26/2019 9/27/2019 TBD
TPAY 6/25/2019 6/26/2019 6/27/2019 6/28/2019 TBD
TPAY 3/19/2019 N/A N/A N/A N/A
2019 Total: $0.00