TPAY - Tortoise Digital Payments Infrastructure Fund
|Ex-Dividend Date||Dec 30, 2020|
|Trading Day||April 21|
|Day's Range||46.28 - 46.41|
|52-Week Range||25.40 - 48.79|
The investment seeks investment results that correspond (before fees and expenses) generally to the price and distribution rate (total return) performance of the Ecofin Digital Payments Infrastructure IndexSM (the underlying index). The fund will normally invest at least 80% of its net assets in global digital payments infrastructure companies (Digital Payments Companies). The underlying index is a proprietary rules-based, modified market capitalization weighted, float adjusted index designed to track the overall performance of equity securities of Digital Payments Companies listed on developed country exchanges.
|Asset Class |
|Inception Date |
Jan 31, 2019
|Ticker Symbol |
|Index Tracked |
Tortoise Global Digital Payments Infrastructure Index
Top 10 Holdings45.66% of assets
|Fidelity National Information Services||FIS||4.51%|
|Discover Financial Services||DFS||4.44%|
|Dec 30, 2020||$0.102||Jan 4, 2021|
|Dec 30, 2019||$0.564||Jan 2, 2020|
Amid the coronavirus mayhem, people are resorting to online retailers to purchase food items and other goods and to video streaming services and other modes for in-house entertainment.
Coronavirus-led social distancing has increased cashless as well as contactless transactions. This is a huge boost to mobile payments' ETFs.