The Tortoise Global Cloud Infrastructure Index℠ represents the existing global cloud infrastructure landscape. It is a proprietary, rules-based, modified market capitalization-weighted, float-adjusted index.

Index Stats as of 9/20/2019:

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Price Return Ticker

TCLOUD

Total Return Ticker

TCLOUDT

Base Date

12/21/2012

Inception Date

10/14/2018

Calculated by

Solactive AG

Rebalancing

Quarterly

Number of Constituents

46

Market Capitalization

$4,179 billion

Average Constituent Size

$90,840 million

Median Constituent Size

$8,047 million

Overview

Cloud computing is among the most influential developments in the history of the computing industry and continues to shape our world. Not only does it change the way information is stored, processed and accessed, it supports cutting edge technologies such as machine learning, artificial intelligence and quantum computing. Cloud computing provides more efficient utilization of computing resources for the host because the servers are able to allocate resources efficiently based on who is using them, but its main economic benefit is that it allows companies to shift the cost of capex away from their business. They get the computing power they need and avoid owning massively under-utilized IT infrastructure.

The Tortoise Global Cloud Infrastructure Index℠ represents the existing global cloud infrastructure landscape. It is a proprietary, rules-based, modified market capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in the cloud infrastructure industry, including cloud systems/services, cloud consulting software/services, cloud security, cloud hardware and cloud data centers.

Methodology highlights

  • Cloud requirement: Requires 50% of gross revenues, operating income, EBITDA or assets be derived from the cloud infrastructure industry
  • Investibility: Scaled liquidity requirement facilitates an index that is investible in practice
  • Research based: Inclusion criteria based on Tortoise’s fundamental research
  • No individual securities may be more than a 4.5% weight of the total index market cap as of the rebalance reference date

Learn how digital infrastructure impacts our daily lives

Performance

Index Performance (as of 6/30/2019) 1 Year 3 Year 5 Year
Total Return 12.45% 22.34% 16.50%
Price Return 11.22% 20.91% 15.03%

Total Return History

(as of 10/11/2019)

Price Return History

(as of 10/11/2019)

Constituents

Sector Allocations

As of most recent rebalance date (9/20/2019)

Top 10 Constituents

As of most recent rebalance date (9/20/2019)
Constituent Name Index Weight
Equinix, Inc.
4.8%
Splunk Inc.
4.8%
Alibaba Group Holding Limited
4.7%
Microsoft Corporation
4.6%
Alphabet Inc. - Class A
4.6%
Constituent Name Index Weight
Cisco Systems, Inc.
4.5%
International Business Machines Corporation
4.5%
Amazon.com, Inc.
4.4%
Digital Realty Trust, Inc.
4.4%
Oracle Corporation
4.3%

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