TPAYEcofin Digital Payments Infrastructure Fund
TPAY Fund Description
TPAY tracks a market-cap-weighted index of digital payments infrastructure companies listed on developed markets exchange.
TPAY Factset Analytics Insight
TPAY provides a straightforward take on digital payments infrastructure firms. For funds offering themed exposure, defining the universe is a key step in the process. TPAY’s index uses a revenue screen of 50% or greater in its specified industries: Credit Card Networks, Digital Transaction Processing, Credit Card Issuers, Digital Payment Processing Software and Online Financial Services. Firms can be large-, mid- or small-cap, and must be listed on an exchange in a developed market. The ETF applies some liquidity screens but makes no attempt to pick winners within the space. Stocks are market-cap-weighted, subject to a 4.5% cap in any one name. Prior to the merger with Ecofin on August 21, 2020, the fund and index names were Tortoise Digital Payments Infrastructure Fund and Tortoise Digital Payments Infrastructure Index, respectively.
TPAY MSCI ESG Analytics Insight
Ecofin Digital Payments Infrastructure Fund has an MSCI ESG Fund Rating of A based on a score of 6.83 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Ecofin Digital Payments Infrastructure Fund ranks in the 70th percentile within its peer group and in the 81st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
TPAY MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
TPAY Portfolio Data
TPAY Index Data
TPAY Portfolio Management
TPAY Tax Exposures
TPAY Fund Structure
TPAY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TPAY. TPAY is rated a 4 out of 5.
TPAY Economic Development
TPAY Performance Statistics
TPAY MSCI ESG Ratings
TPAY Benchmark Comparison Summary
TPAY Benchmark Comparison Market Cap Size