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Launched · SEC filings

Tortoise AI Infrastructure ETF

TCAINYSEB

$45.51−0.44 (−0.96%)

As of Oct 13, 2026, 4:01 PM

B55/ 100

Rank 4 of 14 in AI Data Infrastructure

B55/100Rank 4 of 14inAI Data Infrastructure
Intraday session: down, 48 prints from 45.95 to 45.51. Range 44.36 to 45.54. Use the arrow keys to read each point.44.5044.7545.0045.2545.7510 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$236M
1Y total return
+48.1%
Yield · Last 12 months
Data unavailable
Holdings
48
Avg volume · 30D
0.1M sh
NAV per share
$46.06
52W range
low $27.46high $58.63
Launched
Filings
SEC EDGAR

The ETF.net TCAI Grade

B

Score 55 out of 100

Category
AI Data Infrastructure⁠
Rank
4 of 14
Six-pillar profile for TCAI. Scores out of 100: Cost 50, Risk 47, Mission 31, Tradability 63, Holdings 72, Durability 58. Strongest: Holdings (72). Weakest: Mission (31). Leans toward Holdings.

Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C50 out of 100
    Rank 6 of 14

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D31 out of 100
    Rank 4 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 5 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B63 out of 100
    Rank 5 of 14

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A72 out of 100
    Rank 3 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 6 of 14

Our read on TCAI

ETF.net Research

BA stock picker's run at the AI buildout. TCAI is actively managed with no index to follow, aiming at the companies that supply AI infrastructure, and it prices right at the middle of its small niche.

Stated mandate

The Fund invests with an emphasis on companies involved in AI infrastructure. It is actively managed and does not seek to track an index.

Why people hold it

  1. 01No index, no rulebook. The managers pick the AI infrastructure names themselves, so the portfolio can shift as the buildout does rather than wait for a quarterly reconstitution.
  2. 02At 0.65% a year it lands on the median fee for its AI infrastructure cohort, and under the 0.69% charged by Defiance's AIPO, despite being run actively.
  3. 03In a crowded new corner (seven funds chasing AI infrastructure), this one grades out in the upper half on our review.
  4. 04Liquidity is a bright spot: it changes hands often enough that getting in and out is one of the smoother parts of owning it, unusual for a fund this new.

Worth knowing

  1. 01Launched in August 2025, so the track record is thin. There is not yet enough history to judge how it behaves through a full market cycle.
  2. 02Active costs more here. Index-run peers in the same niche, Franklin's XDAT at 0.50% and ProShares' DAT at 0.58%, undercut it.
  3. 03Distributions come once or twice a year, and the fund is still mid-sized rather than a giant. This is a growth-theme holding, not an income line item.

TCAI Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
48
Top-10 weight
42%
Largest holding
DELL5.6%

Sectors

  • Technology47.5%
  • Industrials30.2%
  • Financials7.0%
  • Utilities5.5%
  • Energy5.1%
  • Communication2.4%
  • Consumer Discretionary2.3%

Geography

  • United States83.48%
  • Germany3.88%
  • United Kingdom2.70%
  • Cayman Islands2.47%
  • Netherlands2.42%
  • South Korea1.87%
  • Australia1.56%
  • France1.13%
  • Other countries (1)0.48%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001DELLDell Technologies Inc5.57%23,165$14M443
002CIENCiena Corp5.09%27,558$12M392
003VRTVertiv Holdings Co4.98%49,977$12M387
004MUMicron Technology Inc4.62%10,931$11M679
005PWRQuanta Services Inc4.46%15,387$11M363
006SNDKSandisk Corp4.07%6,272$10M467
007STXSeagate Technology Holdings PLC3.44%10,701$8M431
008GEVGE Vernova Inc3.44%8,334$8M484
009MYRGMYR Group Inc3.02%23,566$7M158
010MTZMasTec Inc2.99%34,248$7M198
011WDCWestern Digital Corp2.97%18,185$7M479
012NVTnVent Electric PLC2.69%39,193$7M251
013CRDOCredo Technology Group Holding Ltd2.51%28,193$6M234
014CIFRCipher Digital Inc2.49%448,473$6M106
015ANETArista Networks Inc2.38%26,735$6M509

Showing 1–15 of 48 holdings

TCAI Performance

Launched Aug 4, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
TCAI$14,806
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. TCAI $14,806. SPY $12,044. Use the arrow keys to read each point.$8,401$13,737$19,074Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TCAI. Periods over one year show the average yearly return.
PeriodTCAI
Year to date+54.8%
1 month−3.2%
3 months−11.2%
1 year+48.1%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TCAI
YearReturn barTCAI
2026 YTD+54.8%
2025+17.8%

History from Aug 5, 2025

TCAI in the news

Filtered to TCAI · AI Data Infrastructure

TCAI Dividends

Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 31, 2025 $0.02. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 31, 2025Jan 2, 2026$0.02

TCAI Risk

How much the fund’s monthly returns vary, scaled to a year.
45.0%
Annualised · 13 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.38
vs 3-month T-bills · 13 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−28.8%
14 months · trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.65
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TCAI Cost

Expense ratio0.65%
  • The middle half of AI Data Infrastructure funds
  • Median 0.65%

5 of the 12 AI Data Infrastructure funds charge less.

TCAI costs $65.00 a year on $10,000. The median AI Data Infrastructure fund costs $65.00.

Other funds in AI Data Infrastructure

See others