TortoiseThematicAI & Semis#61 of 189 by YTD

Tortoise AI Infrastructure ETFTCAI

1D 1M 3M YTD 1Y3Y5YMAX

S&P 500 Compare

$33.00+5.6%

+$1.76 · Nov 6 close

Buy

AUM: $177M
Fee: 0.65%
Yield: 0.0%

Bumpy · 1Y: 3.6×S&P
Volume: 2.0M
NAV: $33.01

What's insideAll 45 →

VRT 6.1%SNDK 5.7%MTZ 5.0%MU 4.5%

52-week range44% below the high

$27.46$58.63

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+5.6%	−29.4%	−29.4%	+11.1%	−1.1%	—	—	+30.9%
Peer average	+2.6%	−20.7%	−18.1%	+11.7%	+8.7%	+122.5%	+71.4%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

TCAI in One Breath

TCAI Among AI & Semis ETFs

YTD

#1FTXLFirst Trust+42.9%$925M

#2CHPSXtrackers+38.1%$111M

#3CHPXGlobal X+36.7%$99.2M

#4SOXXiShares+36.2%$39.1B

#5AISVistaShares+33.3%$830M

#6SOXQInvesco+32.7%$2.5B

#7AIVCAmplify+32.4%$108M

#8PSIInvesco+30.7%$1.8B

#27TCAITortoise+11.1%$177M

End-of-day Nov 8, 2026 · 52 AI & semis ETFs by YTD

$10,000 in TCAI

$10,000 in TCAI became

$13,090

In the S&P 500 (VOO)

$11,877

Total return, dividends in · Aug 5, 2025 – Nov 6, 2026 · S&P 500 uses VOO

TCAI’s Top Holdings

Today

VRTVertiv6.1%SNDK5.7%MTZ5.0%MU4.5%PWR4.2%MYRG4.2%GEV4.0%CIEN3.3%STX3.1%ETR3.0%WDC3.0%SKHYV3.0%WULF2.9%CEG2.7%ANET2.7%WMB2.6%DELL2.5%NVT2.4%SEI2.4%APH2.4%CIFR2.0%CRDO23 more

VRT6.1%SNDK5.7%MTZ5.0%MU4.5%PWR4.2%MYRG4.2%GEV4.0%CIEN3.3%STX3.1%ETR3.0%WDC3.0%SKHYV3.0%33 more

TechnologyIndustrialsFinancial ServicesUtilitiesEnergy

Tortoise TCAI · 45 holdings · tile size = share of the fund · as of Nov 6, 2026

What TCAI Holds

Today

Technology47.5%

SNDK 5.7 · MU 4.5 · CIEN 3.3 · STX 3.1 · WDC 3.0 · SKHYV 3.0 · ANET 2.7

Industrials35.8%

VRT 6.1 · MTZ 5.0 · PWR 4.2 · MYRG 4.2 · GEV 4.0 · NVT 2.4 · MOD 1.8

Financial Services7.0%

WULF 2.9 · HUT 1.5 · RIOT 1.4

Utilities7.3%

ETR 3.0 · CEG 2.7 · EVRG 1.5

Energy6.3%

WMB 2.6 · SEI 2.4 · DTM 1.3

Communication Services2.4%

[…]

Consumer Cyclical2.3%

[…]

Tortoise TCAI · share of the fund by sector · as of Nov 6, 2026

Vertiv’s Share of TCAI

Today

6.1%

$61 of every $1,000 in TCAI is Vertiv

Vertiv held by TCAI

$10.8M

Most Vertiv per dollar

COOL9.7%

NVPS8.1%

AIPO6.2%

TCAI6.1%

Tortoise TCAI · each square = $10 of $1,000 · as of Nov 6, 2026

TCAI’s Share of AI & Semis ETFs

Today

0.1%

of the $154B in 102 AI & semis ETFs

TCAI$177M0.1%

SMH$60.7B39.4%

SOXX$39.1B25.3%

99 others$54.2B35.1%

AI & semis ETF AUM · Nov 8, 2026

TCAI Fee per $100 vs Peers

Today

$0.65a year
per $100

$65 a year on $10,000

SOXX$0.33

SMH$0.35

ARTY$0.47

TCAI$0.65

DRAM$0.65

AIQ$0.68

Expense ratio · AI & semis peers · Nov 8, 2026

Inside TCAI

43 holdings · as of Nov 6, 2026

TCAI

Tortoise AI Infrastructure ETF

Today

Technology47.5%SNDK5.7%MU4.5%CIEN3.3%STXWDC13 more holdings24.8% of the fundIndustrials35.8%VRT6.1%MTZ5.0%PWRMYRG4.2%GEV4.0%9 moreFinancial Services7.0%WULFHUTRIOTUtilities7.3%ETRCEGEVRGEnergy6.3%WMBSEI

#	Ticker	Company	Weight ▼
1	VRT	Vertiv	6.14%
2	SNDK	Sandisk	5.68%
3	MTZ	MasTec	4.96%
4	MU	Micron Technology	4.47%
5	PWR	Quanta Services	4.24%
6	MYRG	MYR Group	4.19%
7	GEV	GE Vernova	4.00%
8	CIEN	Ciena	3.35%
9	STX	Seagate Technology	3.10%
10	ETR	Entergy	3.05%

See all 45 holdings ↓

TechnologyIndustrialsFinancial ServicesUtilitiesEnergyCommunication ServicesConsumer Cyclical

Tortoise TCAI · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 69.8%

All TCAI Holdings

45 holdings · as of Nov 6, 2026

TCAI

TCAI’s Holdings

Today

#
1	VRTVertiv	Industrials	6.14%	$614.05	58K	$10.3M
2	SNDKSandisk	Technology	5.68%	$567.83	12K	$9.5M
3	MTZMasTec	Industrials	4.96%	$496.26	52K	$8.3M
4	MUMicron Technology	Technology	4.47%	$446.66	11K	$7.5M
5	PWRQuanta Services	Industrials	4.24%	$424.46	14K	$7.1M
6	MYRGMYR Group	Industrials	4.19%	$419.45	28K	$7.0M
7	GEVGE Vernova	Industrials	4.00%	$399.74	8,686	$6.7M
8	CIENCiena	Technology	3.35%	$334.58	24K	$5.6M
9	STXSeagate Technology	Technology	3.10%	$310.44	11K	$5.2M
10	ETREntergy	Utilities	3.05%	$304.81	46K	$5.1M
11	WDCWestern Digital	Technology	3.03%	$303.00	19K	$5.1M
12	SKHYVSK hynix	Technology	3.01%	$300.83	41K	$5.0M
13	WULFTerawulf	Financial Services	2.90%	$289.91	482K	$4.9M
14	CEGConstellation Energy	Utilities	2.69%	$269.49	19K	$4.5M
15	ANETArista Networks	Technology	2.65%	$265.03	28K	$4.4M

Tortoise TCAI · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

TCAI

Tortoise AI Infrastructure ETF’s Peers

		Trend
SMH	VanEckRead Desk		0.35%	+29.5%	+28.8%	$60.7B
SOXX	iSharesRead Desk		0.33%	+34.5%	+36.2%	$39.1B
DRAM	RoundhillRead Desk	New fund	0.65%	new	new	$14.7B
AIQ	Global XRead Desk		0.68%	+9.3%	+11.9%	$9.1B
ARTY	iSharesRead Desk		0.47%	+23.2%	+26.7%	$3.3B
TCAI	TortoiseThis fundRead Desk		0.65%	−1.1%	+11.1%	$177M

AI & semis peers · Past-year and ytd returns · as of Nov 9, 2026 · sorted by AUM

Head to Head

Put TCAI head to head with SMH →

SMH vs TCAI

YTD

SMHVanEck · AI & semisTCAITortoise · AI & semis

Year to date

+28.8%

+11.1%

SMH wins+17.7 pts

Past year

+29.5%

−1.1%

SMH wins+30.5 pts

Fee

0.35%

0.65%

SMH winslower fee

Yield

0.2%

0.0%

SMH wins+0.2 pts

AUM

$60.7B

$177M

SMH343.8× more

4–0SMH wins

VanEck SMH and Tortoise TCAI · year-to-date · as of Nov 9, 2026 · AUM not scored

AI & Semis vs Thematic

Average · 1Y

SMH

+29.5%

TCAI

−1.1%

Thematic average

+1.6%

SMH, TCAI and the average thematic ETF · 1Y return · as of Nov 9, 2026

TCAI vs VOO

TCAI · Tortoise AI Infrastructure

−1.1%

VOO · S&P 500

+9.8%

Gap

10.9 pts

Tortoise TCAI and Vanguard VOO · 1Y total return · as of Nov 9, 2026

TCAI vs Its Peer Average

YTD

TCAIAvsBPeer average

1D+5.6%+2.6%

1M−29.4%−20.7%

3M−29.4%−18.1%

YTD+11.1%+11.7%

1Y−1.1%+8.7%

3Y[…]+122.5%

5Y[…]+71.4%

1–4Peer average wins

101 AI & semis peers · each row scaled to its leader

How Bumpy Is TCAI?

View

TCAI

How Bumpy

3.6×the S&P 500’s swings

CalmerBumpierS&P 1×TCAI

Calm rank among 6 AI & semis funds#5

Other AI & semis funds2.0× to 3.6×

Tortoise TCAI · daily swings over the past year vs the S&P 500

TCAI

Worst Drop

−46.4%from its Jun 22 high

Still below the high−43.4%

$10,000 at the high is now$5,660

Tortoise TCAI · fall from the highest close, past year

TCAI

On a Bad Day

2.7×the S&P 500’s fall

TCAI’s worst day: Thursday, Nov 5

TCAI

−11.8%

S&P 500

−4.4%

Up days58 of every 100

S&P 500 up days52 of every 100

Tortoise TCAI · average move on days the S&P 500 fell

TCAI

Return for the Bumps

1Y#5 of 6 AI & semis funds

#1SOXXiShares

most for the bumps

#2SMHVanEck

#3ARTYiShares

#4AIQGlobal X

#5TCAITortoise

lost money

#6BOTZGlobal X

lost money

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

TCAI

Cost

Today

$65a year per $10,000

SOXX

$33

SMH

$35

ARTY

$47

DRAM

$65

TCAI

$65

AIQ

$68

BOTZ

$68

Expense ratio 0.65%, taken from the fund’s value

TCAI

Volatility & Beta

49.1%annual volatility

S&P 500 volatility13.6%

Downside volatility36.9%

Beta vs SPY2.36

Correlation vs SPY0.65

Beta rank, lowest first, of 6#3

Daily total returns × √252 · past 254 trading days

TCAI

Max Drawdown

−46.4%peak to trough

Peak closeJun 22, 2026

Current drawdown−43.4%

Worst day−11.75% · Nov 5

Closing prices, dividends in

TCAI

Up / Down Capture

266%down capture vs SPY

Down days

266%

Up days

249%

S&P 500

100%

Up ÷ down capture0.94

Up days57.9% (S&P 52.0%)

Average daily move on SPY up days and down days

TCAI

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
SOXX	0.60	0.83	49.1%	−39.5%	2.68	$33
SMH	0.55	0.75	42.6%	−33.1%	2.43	$35
ARTY	0.36	0.50	41.8%	−27.7%	2.47	$47
AIQ	0.08	0.12	30.2%	−20.2%	1.89	$68
TCAI	−0.11	−0.15	49.1%	−46.4%	2.36	$65
BOTZ	−0.81	−1.09	27.3%	−26.4%	1.68	$68

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

TCAI

Trading

Today

−0.03%below its holdings’ value

Close$33.00

NAV$33.01

Fee per $10,000$65 a year

Avg. volume 30D155K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

TCAI

Fund Facts

Today

2025launched Aug 4

Tracks[…]

Exchange · CUSIPNYSE · 890930803

StructureETF

Leverage1x

Cost on $10,000$65 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Tortoise TCAI · fund facts · as of Nov 9, 2026

TCAI

Payouts by Year

$0.0150per share, Dec 2025

Distribution yield0.0%

Paid[…]

Latest ex-date · paidDec 31 · Jan 2, 2026

1 payouts added up$0.0150 a share

Tortoise TCAI · distributions by ex-date · 2025–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-11-30 ↗SEC reported portfolio · 2025-08-31 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$33.01

Premium / discount[…]

Median spread · 30D[…]

Volume today2.0M

Average volume · 30D155K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.65%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$65.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 31, 2025	Jan 2, 2026	$0.0150

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