Tortoise AI Infrastructure ETF

TCAI

Market cap $167M

The AI trade isn't over. But it's getting crowded—and a little predictable.

The Tortoise AI Infrastructure ETF targets the physical infrastructure powering AI, offering exposure beyond typical tech-focused funds. TCAI emphasizes foundational assets—energy, data centers, and tech infrastructure—positioning for secular, long-term AI-driven growth. With a 0.65% fee and $117MM AUM, TCAI is structured for total return, not income, and aims to outperform the S&P 500.

Overland Park, Kansas--(Newsfile Corp. - April 29, 2026) - Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy and infrastructure investing, today announced that the Tortoise AI Infrastructure ETF (NYSE: TCAI) has surpassed $100 million in assets under management, marking a significant milestone for the fund as investor interest in artificial intelligence (AI) and the infrastructure powering it continues to accelerate.

Tortoise AI Infrastructure ETF (TCAI) primarily invests in AI-enabling infrastructure with an objective for long-term capital appreciation and an active opportunistic allocation. TCAI has delivered ~68% returns since inception, but recent gains are laregley the results from multiple expansion and market-reratings, not structural cash flow growth. Current elevated valuations and sector enthusiasm reduce forward return expectations, despite strong AI infrastructure tailwinds and high demand prospetcs.

Exceptional Q4 earnings and an impressive end to 2025 for tech leader NVIDIA Corp. NASDAQ: NVDA may indicate that the AI phenomenon isn't slowing down any time soon. Despite fears of a bubble, the AI industry is continuing its rapid expansion to a degree that makes it difficult for just about any sector or industry to ignore.

As Wall Street's love affair with artificial intelligence heavyweights cools, some investors are pivoting to infrastructure companies they expect to benefit from AI capital spending, a shift that is spawning a slew of new products.

President Donald Trump announced a rare earths deal with Australia during a White House meeting. Rob Thummel, senior portfolio manager at Tortoise Capital, discusses how the deal could impact markets and why investing in utilities and the underlying infrastructure for AI is a winning bet.

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Tortoise launches TCAI ETF, targets key systems and companies building and enabling the infrastructure that makes AI possible.