Tortoise
Global Cloud Infrastructure Index℠ (TCLOUD)

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 IndexSM 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 management software, cloud hosting, 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 reference date

 

Tortoise QuickTake Podcast - Digital Infrastructure Overview

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TCLOUD
Index Stats as of 9/21/2018
Tickers
Price TCLOUD
Total Return TCLOUDT
Base Date December 21, 2012
Calculated by Solactive AG
Rebalancing Quarterly
Number of Constituents 45
Market Capitalization $4.0 trillion
Average Constitutent Size $89.3 billion
Median Constitutent Size $10.3 billion

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You are now leaving Tortoise website and are going to a website that is not operated by Tortoise and its affiliated companies. We are not responsible for the presentation of information on this site. If you select Continue, please note: The articles on the third-party websites contain the opinions of the author(s) and those interviewed by the author(s) but not necessarily those of the advisor, funds or distributor. The articles are distributed for educational purposes and should not be considered investment advice, an offer of any security for sale, or a recommendation of any particular security, strategy or investment product.


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