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 7/19/2019:

View All Stats Slider View

Market Price

$31.47

NAV

$31.21

NAV Change Dollars

$-0.24

Premium/Discount

0.83%

Listing Exchange

Cboe BZX

CUSIP

56167N548

Inception Date

1/31/2019

Market Price Change Dollars

$-0.27

Total Market Value

$4,720,500

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 7/19/2019

Net Assets

$4,681,075.52

Investment objective

Total Return

Fiscal Year End

November 30

Structure

Regulated Investment Company (RIC)

Daily Fund Holdings*

51 total, 7/22/2019

Security Name Stock Ticker Weight
SQUARE INC SQ 4.80%
FIRST DATA CORP NEW FDC 4.64%
FLEETCOR TECHNOLOGIES INC FLT 4.63%
WORLDPAY INC WP 4.62%
FIDELITY NATL INFORMATION SVCS COM FIS 4.62%
FISERV INC FISV 4.57%
DISCOVER FINL SVCS DFS 4.52%
VISA INC V 4.50%
MASTERCARD INC MA 4.49%
TOTAL SYS SVCS INC TSS 4.48%
PAYPAL HLDGS INC PYPL 4.46%
GLOBAL PMTS INC GPN 4.46%
AMERICAN EXPRESS CO AXP 4.41%
WIRECARD AG WDI GR 4.26%
HENRY JACK & ASSOC INC JKHY 3.54%
WEX INC WEX 3.16%
ADYEN NV ADYEN NA 2.90%
WESTERN UN CO WU 2.82%
EURONET WORLDWIDE INC EEFT 2.67%
PAGSEGURO DIGITAL LTD PAGS 2.51%
DOCUSIGN INC DOCU 2.08%
INGENICO GROUP ING FP 1.82%
STONECO LTD STNE 1.26%
ACI WORLDWIDE INC ACIW 1.18%
Q2 HLDGS INC QTWO 1.14%
NETWORK INTL HLDGS NETW LN 1.14%
NCR CORP NEW NCR 1.14%
AFTERPAY TOUCH GRP APT AU 0.91%
GMO PAYMENT GATEWA 3769 JP 0.85%
GREEN DOT CORP GDOT 0.73%
CREDIT SAISON CO 8253 JP 0.62%
EVERTEC INC EVTC 0.60%
AEON FINANCIAL SER 8570 JP 0.58%
BOTTOMLINE TECH DEL INC EPAY 0.56%
CSG SYS INTL INC CSGS 0.50%
LENDINGCLUB CORP LC 0.44%
ZUORA INC ZUO 0.40%
PROVIDENT FINL PFG LN 0.40%
IRESS LIMITED IRE AU 0.35%
Cash & Other Cash&Other 0.31%
EVO PMTS INC EVOP 0.31%
QIWI PLC QIWI 0.29%
YIRENDAI LTD YRD 0.22%
CHINA YOUZAN LTD 8083 HK 0.22%
CASS INFORMATION SYS INC CASS 0.20%
GREENSKY INC GSKY 0.18%
ONESPAN INC OSPN 0.15%
ORIENT CORP 8585 JP 0.13%
HUIFU PAYMENT LTD 1806 HK 0.12%
PAX GLOBAL TECHNOL 327 HK 0.09%
PUSHPAY HOLDINGS PPH NZ 0.05%
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

118 total, 7/19/2019

Date Market Price NAV NAV Change Dollars Premium/ Discount
7/19/2019 $31.47 $31.21 $-0.24 0.83%
7/18/2019 $31.74 $31.45 $0.28 0.93%
7/17/2019 $31.46 $31.16 $-0.05 0.94%
7/16/2019 $31.29 $31.21 $-0.22 0.25%
7/15/2019 $31.77 $31.43 $0.13 1.06%
7/12/2019 $31.68 $31.30 $0.14 1.22%
7/11/2019 $31.19 $31.16 $0.18 0.08%
7/10/2019 $31.22 $30.98 $0.12 0.78%
7/09/2019 $31.17 $30.86 $0.24 1.01%
7/08/2019 $30.68 $30.63 $-0.12 0.18%
7/05/2019 $30.76 $30.75 $-0.06 0.04%
7/03/2019 $30.78 $30.81 $0.28 -0.08%
7/02/2019 $30.53 $30.53 $0.10 0.01%
7/01/2019 $30.41 $30.43 $0.24 -0.05%
6/28/2019 $30.14 $30.19 $0.20 -0.17%
6/27/2019 $29.99 $29.99 $0.24 -0.02%
6/26/2019 $29.88 $29.75 $0.02 0.44%
6/25/2019 $29.87 $29.73 $-0.33 0.48%
6/24/2019 $30.10 $30.06 $-0.15 0.12%
6/21/2019 $30.27 $30.21 $-0.18 0.21%
6/20/2019 $30.38 $30.38 $0.33 0.00%
6/19/2019 $30.04 $30.05 $0.19 -0.05%
6/18/2019 $29.96 $29.86 $0.12 0.34%
6/17/2019 $29.69 $29.74 $-0.01 -0.16%
6/14/2019 $29.79 $29.75 $-0.06 0.13%
6/13/2019 $29.89 $29.81 $0.01 0.29%
6/12/2019 $29.83 $29.80 $-0.03 0.11%
6/11/2019 $29.93 $29.83 $-0.05 0.32%
6/10/2019 $29.97 $29.87 $0.21 0.31%
6/07/2019 $29.71 $29.66 $0.37 0.17%
6/06/2019 $29.32 $29.29 $0.09 0.10%
6/05/2019 $29.04 $29.20 $0.43 -0.57%
6/04/2019 $28.77 $28.77 $0.72 0.00%
6/03/2019 $28.10 $28.04 $-0.57 0.20%
5/31/2019 $28.49 $28.62 $-0.36 -0.44%
5/30/2019 $29.02 $28.97 $0.23 0.16%
5/29/2019 $28.90 $28.75 $-0.37 0.55%
5/28/2019 $29.25 $29.11 $0.17 0.48%
5/24/2019 $28.96 $28.95 $0.32 0.06%
5/23/2019 $28.61 $28.62 $-0.57 -0.05%
5/22/2019 $29.14 $29.19 $0.19 -0.17%
5/21/2019 $29.20 $29.00 $0.35 0.70%
5/20/2019 $28.64 $28.65 $-0.04 -0.04%
5/17/2019 $28.85 $28.69 $-0.16 0.54%
5/16/2019 $29.05 $28.85 $0.44 0.68%
5/15/2019 $28.46 $28.41 $0.22 0.17%
5/14/2019 $28.28 $28.19 $0.44 0.31%
5/13/2019 $27.91 $27.75 $-0.76 0.57%
5/10/2019 $28.76 $28.51 $0.10 0.86%
5/09/2019 $28.47 $28.41 $-0.21 0.23%
5/08/2019 $28.90 $28.62 $0.10 0.97%
5/07/2019 $28.64 $28.52 $-0.36 0.41%
5/06/2019 $28.94 $28.89 $-0.03 0.17%
5/03/2019 $29.20 $28.91 $0.22 1.00%
5/02/2019 $28.74 $28.70 $-0.18 0.15%
5/01/2019 $28.95 $28.88 $-0.28 0.24%
4/30/2019 $29.21 $29.16 $0.25 0.18%
4/29/2019 $29.13 $28.91 $0.18 0.79%
4/26/2019 $28.74 $28.73 $0.18 0.04%
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 (6/21/2019)

Top 10 Constituents

As of most recent rebalance date (6/21/2019)
Name TPMT Index Weight
Total System Services, Inc.
5.7%
Wirecard AG
5.2%
Worldpay, Inc. - Class A
5.2%
Global Payments Inc.
5.1%
FleetCor Technologies, Inc.
5%
Name TPMT Index Weight
PayPal Holdings, Inc.
4.9%
Mastercard Incorporated - Class A
4.8%
Visa Inc. - Class A
4.8%
Fidelity National Information Services, Inc.
4.7%
American Express Company
4.7%

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
2019 Total: $0.00