COOL — VegaShares AI Thermal, Cooling & Power Management ETF

Data updated: 2026-08-03

COOL — VegaShares AI Thermal, Cooling & Power Management ETF. Global (incl. US) Growth Thematic Equity. Holdings, fees, performance and SEC filings.

COOL Fund Overview

COOL — VegaShares AI Thermal, Cooling & Power Management ETF is a US ETF managed by Tidal Trust IV, categorised as Global (incl. US) Growth Thematic Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

  • Type: US ETF
  • Manager: Tidal Trust IV
  • Category: Global (incl. US) Growth Thematic Equity
  • Ticker: COOL
  • SEC CIK: 0002043390
  • SEC series ID: S000106790
  • Share class ID: C000277676

COOL Investment Objective and Strategy

VegaShares AI Thermal, Cooling & Power Management ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tidal Trust IV.

Investment objective

The VegaShares AI Thermal, Cooling & Power Management ETF (the “Fund”) seeks capital appreciation.

Principal investment strategy

Overview The Fund is an actively managed exchange-traded fund (“ETF”) that seeks capital appreciation by investing, directly or indirectly, in a portfolio of equity securities based on the BITA AI Thermal, Cooling & Power Management Global Index (the “Index”). The Index includes global publicly listed companies that generate significant revenue from the advanced cooling, power delivery, and thermal management systems required to operate high-density artificial intelligence (“AI”) data centers (“AI power and thermal companies”). AI power and thermal companies focus on providing the critical physical infrastructure needed to sustain energy-intensive machine learning workloads without overheating or power interruptions, spanning sectors like grid interconnection, backup power generation, rack-level distribution and advanced liquid or immersion cooling.

AI power and thermal companies are primarily focused on products designed for and critical to high density AI data centers which require specialized power- and heat-reduction equipment unique to AI data center applications. AI power and thermal companies are distinguishable from conventional cooling and power products companies whose products are designed for general computing, consumer electronics or enterprise IT equipment purposes. The Index’s thematic focus on high density AI data centers and its thematic-related revenue constituent eligibility requirements (as described below) are designed to isolate and differentiate AI power and thermal companies from those offering conventional, general purpose cooling and power products. The Fund will not replicate the Index, as the Fund’s investment sub-adviser, Vega Capital Partners, LLC (“Vega” or the “Sub-Adviser”), exercises investment discretion in constructing the Fund’s investment portfolio.

For example, Vega: (i) determines whether, in its judgement, it is more favorable to the Fund for it to invest directly or synthetically in each security in the Index; (ii) reallocat

COOL Costs and Fees

COOL costs about $75 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.75%
  • Gross expense ratio: 0.75%

COOL Debt Constituents

No individual debt constituents are reported in VegaShares AI Thermal, Cooling & Power Management ETF's latest SEC N-PORT filing.

COOL Prospectus and SEC Filings

Official VegaShares AI Thermal, Cooling & Power Management ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Global (incl. US) Growth Thematic Equity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.