The Tortoise Global Digital Payments Infrastructure Index℠ represents the existing global electronic transactions landscape.

Index Stats as of 3/15/2019:

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Price Return Ticker

TPMT

Total Return Ticker

TPAYMENT

Base Date

12/21/2012

Calculated by

Solactive AG

Rebalancing

Quarterly

Number of Constituents

53

Market Capitalization

$942 billion

Average Constituent Size

$17,777 million

Median Constituent Size

$3,180 million

Overview

The electronic payment is the preferred payment for billions across the globe. An electronic payment is a way of paying for goods or services electronically instead of using cash or check, and would include forms of payment such as credit cards, electronic wallets, and mobile payments. Electronic transaction systems offer fast and secure methods of paying for goods and services for both consumers and businesses. As preferences continue to move further away from cash payments and towards electronic payments, the infrastructure and services required to support electronic payments increasingly become more critical to the modern global economy. Additionally, transactions keep growing with population, economic growth, and the development of emerging markets.

The Tortoise Global Digital Payments Infrastructure IndexSM represents the existing global electronic transactions landscape. It is a proprietary, rules-based, modified market capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in electronic transactions, including merchant processing and settlement, real time record keeping, settlement networks, and Fintech products/ services that facilitate the ease, efficiency, and speed of electronic transactions. This includes companies whose primary business is comprised of one or a combination of the following categories: credit card networks, electronic transaction processing and associated products/services, credit card issuers, electronic transaction processing software (payments Fintech) or online financial services market places. 

Methodology highlights

  • Transactions requirement: Requires 50% of gross revenues, operating income, EBITDA or assets be derived from the electronic transactions
  • Investibility: Scaled liquidity requirement facilitates an index that is investible in practice
  • Research based: Inclusion criteria based on Tortoise’ fundamental research
  • No individual securities may be more than a 4.5% weight of the total index market cap as of the reference date

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Performance

Index Performance (as of 3/31/2019) 1 Year 3 Year 5 Year
Total Return 21.24% 21.79% 16.30%
Price Return 20.54% 20.93% 15.43%

Total Return History

(as of 6/14/2019)

Price Return History

(as of 6/14/2019)

Constituents

Sector Allocations

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

Top 10 Constituents

As of most recent rebalance date (3/15/2019)
Constituent Name Index Weight
Visa Inc. - Class A
4.60%
PayPal Holdings, Inc.
4.60%
American Express Company
4.60%
Worldpay, Inc. - Class A
4.60%
FleetCor Technologies, Inc.
4.60%
Constituent Name Index Weight
Global Payments Inc.
4.60%
Mastercard Incorporated - Class A
4.50%
Discover Financial Services
4.50%
Fidelity National Information Services, Inc.
4.50%
Square, Inc. - Class A
4.50%

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