TCAI
Tortoise AI Infrastructure ETF
Tortoise AI Infrastructure ETF seeks to provide investors with capital appreciation by investing in companies that are part of the artificial intelligence infrastructure sector.
Global
EQUITY
Active
MANAGEMENT STYLE
53.7 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Tortoise |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 04, 2025 |
| Assets (mns) | $54 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SEAGATE TECHNOLOGY HOLDINGS PLC | 5.7 % |
| CIENA CORP | 4.7 % |
| VERTIV HOLDINGS CO. CLASS A | 4.7 % |
| QUANTA SERVICES INC | 4.4 % |
| NRG ENERGY INC | 4.3 % |
| DELL TECHNOLOGIES INC CLASS C | 4.3 % |
| NVENT ELECTRIC PLC | 3.9 % |
| EQT CORP | 3.8 % |
| WESTERN DIGITAL CORP | 3.3 % |
| SCHNEIDER ELECTRIC SA | 3.0 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 300 |
| Wgt avg mkt cap (mns) | $98,077 |
| Large cap (>$10bn) | 81.6% |
| Mid cap ($2-10bn) | 14.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 81.8 % |
 |
IRELAND | 5.7 % |
 |
BRITAIN | 3.9 % |
 |
FRANCE | 3.0 % |
 |
AUSTRALIA | 2.5 % |
 |
NETHERLANDS | 0.8 % |
 |
CANADA | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | 30.4% |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | -2.1% |
| Total Returns | 28.3% | -- | -- | -- | -- | -- | -- | 28.3% | Ann. Volatility | -- | -- | -- | -- | -- | -- | -- | 24.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 42 |
| ADV traded (mns) | $1 |
| Turnover | 2.4% |
| Avg. Bid/Ask (% of price) | 0.43% |
Technical Indicators
| 30d moving avg. (EMA) | $30.69 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -0.61/-0.11 |
| Bollinger Bands (Upper/Lower) | $34.84/$28.06 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TCAI |
Expenses vs. TCAI |
ALTAR Score™ vs. TCAI |
|---|---|---|---|---|
| AIPO | Defiance AI & Power Infrastructure ETF | 24.9% | +4 bp | +1.4% |
| FILL | iShares MSCI Global Energy Producers ETF | 24.3% | -26 bp | +11.5% |
| VOLT | Tema Electrification ETF | 21.9% | +10 bp | +3.5% |
| TEKX | SPDR Galaxy Transformative Tech Accelerators ETF | 19.3% | 0 bp | +0.1% |
| AIS | VistaShares Artificial Intelligence Supercycle ETF | 16.7% | +10 bp | +2.7% |
| IVES | Wedbush ETFMG Global Cloud Technology ETF | 16.5% | +3 bp | +6.1% |
| AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 16.4% | +10 bp | +2.9% |
| PTF | Invesco Dorsey Wright Technology Momentum ETF | 15.8% | -5 bp | -1.1% |
| RBLD | First Trust Alerian US NextGen Infrastructure ETF | 15.6% | 0 bp | +4.9% |
| POW | VistaShares Electrification Supercycle ETF | 15.4% | +10 bp | +3.5% |
Risk and Returns: TCAI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/28/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
TCAI
2.5%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 378 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.1%. TCAI's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places TCAI in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
TCAISELL
U/W
HOLD
O/W
BUY
Bid/Ask Spreads
43 bp
AVG SPREAD
26 —
233 bp
RANGE