# TCAI (Tortoise AI Infrastructure ETF)

Tortoise · Thematic ETFs · data as of Sep 11, 2026

TCAI holds 43 stocks, and 37% of its weight is outside the S&P 500.

## Key facts

- TCAI, already in the S&P 500: 63.2%, as of Sep 11, 2026.
- TCAI, active share vs the S&P 500: 92.7%, as of Sep 11, 2026.
- TCAI, top ten holdings: 50.6%, as of Sep 11, 2026.
- TCAI, total return, 1 year: +72.2%, as of Sep 11, 2026.
- TCAI, net assets: $217m (SEC filing, whole fund, as filed for May 31, 2026).
- TCAI, expense ratio: 0.65% (485BPOS XBRL, Mar 30, 2026).

## TCAI over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −10.6% | +3.3% | −13.9 pts | −9.8 pts |
| 6 months | +34.0% | +16.0% | +18.0 pts | +13.3 pts |
| 1 year | +72.2% | +17.5% | +54.7 pts | +49.2 pts |
| Since launch | +88.3% | +23.1% | +65.3 pts | +60.1 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Artificial intelligence | ETFIQ, editorial |
| Launched | Aug 5, 2025 | ETFIQ |
| Already in the S&P 500, by weight | 63.2% | ETFIQ |
| Active share vs the S&P 500 | 92.7% | ETFIQ |
| Already in the Nasdaq-100, by weight | 26.2% | ETFIQ |
| Active share vs the Nasdaq-100 | 91.2% | ETFIQ |
| Top ten holdings weight | 50.6% | ETFIQ |
| Holdings | 43 | ETFIQ |
| Holdings as of | May 31, 2026 | SEC N-PORT |
| Top holdings | Dell Technologies Inc 8.9%, Micron Technology Inc 7.6%, Seagate Technology Holdings PL 5.8%, Western Digital Corp 5.1%, Ciena Corp 5.1%, Vertiv Holdings Co 4.5%, Quanta Services Inc 3.6%, Sandisk Corp/DE 3.5%, MYR Group Inc 3.3%, nVent Electric PLC 3.2% | ETFIQ |
| Net assets | $217m | SEC filing, whole fund, as filed for May 31, 2026 |
| Below its all-time high | −18.6% | ETFIQ |
| Expense ratio | 0.65% | 485BPOS XBRL, Mar 30, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.70% | ETFIQ |
| Closest funds by holdings overlap | RACK 34%, IVEP 23%, AIS 22%, AIPO 21%, VOLT 20% | ETFIQ |

## Questions

### How much of TCAI is in S&P 500 companies?

By its holdings filed for May 31, 2026, 63% of TCAI by weight is stocks the S&P 500 already holds. Its active share against the index is 93%, so that share is the part doing something different.

### What does TCAI hold?

43 positions as filed for May 31, 2026, with the top ten at 51% of the fund. The largest are Dell Technologies Inc at 8.9%, Micron Technology Inc at 7.6%, Seagate Technology Holdings PL at 5.8%.

### Has TCAI beaten the S&P 500?

Over the year to Sep 11, 2026 TCAI returned +72.2% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 54.7 points.

### What does TCAI cost?

The prospectus expense ratio is 0.65% a year. Because 93% of the fund differs from the S&P 500, the fee on that differing part works out at 0.70%.


## Cite this page

ETFIQ, TCAI, data as of Sep 11, 2026. https://etfiq.com/funds/tcai
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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