Tortoise Capital's AI Infrastructure ETF (NYSE:TCAI) Reaches $200 Million in Assets, Fueled by Growing AI Infrastructure Demand

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OVERLAND PARK, KS / ACCESS Newswire / June 4, 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 (TCAI) has surpassed $200 million in assets under management (as of May 26, 2026), marking another major milestone in the fund's rapid growth since launching in August of 2025.

The ETF crossed the $100 million threshold on April 9th, 2026, and has since doubled in size in just a matter of weeks as investor interest in AI-related infrastructure continues to accelerate.

"Reaching $200 million so quickly after crossing the $100 million milestone speaks to how rapidly investor interest around AI infrastructure has accelerated," said Tom Florence, CEO of Tortoise Capital. "We believe that investors are increasingly recognizing that AI is not just a software story. Instead, it's an infrastructure story that spans across power generation, grid modernization, and compute capacity."

The Case for AI Infrastructure

TCAI was launched to provide investors with exposure to the companies powering the physical backbone of artificial intelligence, including data centers, energy infrastructure, semiconductors, digital connectivity, and related infrastructure businesses positioned to benefit from the growing global demand for AI computing capacity.

"We've seen a meaningful shift in how investors are approaching the AI opportunity," said Mark Marifian, Head of Product at Tortoise Capital. "The conversation has evolved beyond chips and toward the infrastructure needed to support AI at scale. Leveraging our experience investing through the shale boom and broader energy infrastructure buildout, we believe Tortoise's active approach is well positioned to navigate the supply and demand dynamics emerging from accelerating AI infrastructure demand."

Continued Momentum Since Launch

The fund's strong asset growth has been accompanied by significant market performance, delivering a +113% and +114% cumulative return on NAV and market price since inception on August 4, 2025, as of May 31, 2026. In comparison, the S&P 500 Index has returned 21% over the same period, based on Bloomberg data.

TCAI Performance

The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. For the fund's most recent month end performance, please call (855) 994-4437.

Returns less than one year are not annualized. NAV prices are used to calculate market price performance prior to the date when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. As stated in the Prospectus, the total annual operating expenses are 0.65%.

Investor demand for AI-related investments has continued to build with growing expectations for long-term electricity demand tied to AI and data center expansion.

"TCAI's momentum has been driven by both performance and a broader understanding of the infrastructure demands being created by AI," said Brett Wright, Chief Revenue Officer. "We believe we're still in the early innings of a multi-year buildout cycle."

Fund Overview & Details

As AI continues to reshape industries and drive global investment, Tortoise Capital believes infrastructure will remain a critical and investable area of opportunity.

TCAI provides investors with a comprehensive way to participate in the long-term, secular growth of AI by investing in the enabling infrastructure that makes AI possible.

• Ticker: TCAI

• Exchange: NYSE

• Inception Date: August 4, 2025

• Expense Ratio: 0.65%

• Strategy: Actively managed ETF focused on AI infrastructure

To learn more about TCAI and Tortoise Capital please visit www.tortoisecapital.com.

About Tortoise Capital

With approximately $11 billion in assets under management as of April 30, 2026, Tortoise Capital's record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well-positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered investment adviser who manages funds that invest primarily in publicly traded companies in the energy and power infrastructure sectors-from production to transportation to distribution. For more information about Tortoise Capital, visit www.tortoisecapital.com.

Important Information

Tortoise Capital Advisors, LLC is the advisor to the Tortoise AI Infrastructure ETF.

For the fund's standardized performance, please visit the fund's webpage here.

The fund has a limited operating history, which may make it more difficult to evaluate the fund's performance and assess the risks associated with investing in the fund. Short-term performance in particular, should not be the sole basis for evaluating an investment.

Nothing in this press release should be considered a solicitation to buy or an offer to sell any shares of the portfolio in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.

Before investing in the funds, investors should consider their investment goals, time horizons and risk tolerance. The funds' investment objective, risks, charges and expenses must be considered carefully before investing. The statutory prospectuses and the summary prospectuses ( click here ) contain this and other important information about the funds. Copies of the funds' prospectus may be obtained by calling 855-994-4437 or by emailing [email protected]. Read it carefully before investing.

Investing involves risk. Principal loss is possible. Because the fund is "non-diversified" and may invest a greater percentage of its assets in the securities of a single issuer, a decline in the value of an investment in a single issuer could cause the fund's overall value to decline to a greater degree than if the fund held a more diversified portfolio. The fund's strategy of emphasizing investments in AI infrastructure companies means that the performance of the fund will be closely tied to the performance of one or more industries that are expected to benefit from the growth of AI-capable data centers and related technology and energy infrastructure. Investing in companies that are expected to benefit from the same macro theme means that some of the fund's investments may be similarly affected by certain market, economic, political, or social developments.

Companies in the energy infrastructure sector are subject to many risks that can negatively impact the revenues and viability of companies in this sector, including, but not limited to risks associated with companies owning and/or operating pipelines, gathering and processing assets, power infrastructure, propane assets, as well as capital markets, terrorism, natural disasters, climate change, operating, regulatory, environmental, supply and demand, and price volatility risks. Companies in the technology infrastructure sector are subject to many risks that can negatively impact the revenues and viability of companies in this sector, including, but not limited to risks associated with emerging technology that renders existing products or services obsolete, reliance on outdated technology, intellectual property theft, supply chain disruption, vulnerabilities to third-party vendors and suppliers, business interruption, difficulty in retaining skilled talent, and regulatory compliance. Companies in the industrial sector face a variety of risks, including commodity price volatility, supply chain disruptions, potential obsolescence of technologies, economic downturns, and increasing competition.

Investment advisers, including the Adviser, must rely in part on digital and network technologies (collectively "cyber networks") to conduct their businesses. Derivatives include instruments and contracts that are based on and valued in relation to one or more underlying securities, financial benchmarks, indices, or other reference obligations or measures of value. If the fund writes a covered call option, during the option's life the fund gives up the opportunity to profit from increases in the market value of the security covering the call option above the sum of the premium and the strike price of the call, but retains the risk of loss should the price of the underlying security decline. Investments in securities of foreign companies involve risks not ordinarily associated with investments in securities and instruments of U.S. issuers, including risks relating to political, social and economic developments abroad, differences between U.S. and foreign regulatory and accounting requirements, tax risks, and market practices, as well as fluctuations in foreign currencies.

The fund may be exposed to liquidity risk when trading volume, lack of a market maker, or legal restrictions impair the fund's ability to sell particular securities or close call option positions at an advantageous price or in a timely manner. Illiquid investments may include restricted securities that cannot be sold immediately because of statutory and contractual restrictions on resale. Mid-cap and small-cap companies may not have the management experience, financial resources, product or business diversification and competitive strengths of large cap companies.

Shares of exchange-traded funds (ETFs) are not individually redeemable and owners of the shares may acquire those shares from the ETF and tender those shares for redemption to the ETF in Creation Units only, see the ETF prospectus for additional information regarding Creation Units. Investors may purchase or sell ETF shares throughout the day through any brokerage account, which will result in typical brokerage commissions.

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SOURCE: Tortoise Capital