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Launched · SEC filings

Tortoise Global Water Fund

TBLUNYSETortoiseB

$52.33−0.44 (−0.83%)

As of Nov 10, 2026, 11:25 AM ET

B58/ 100

Rank 2 of 6 in Water

B58/100Rank 2 of 6inWater
Intraday session: down, 23 prints from 52.76 to 52.33. Range 52.26 to 52.61. Use the arrow keys to read each point.52.4052.5052.6052.7010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$56M
1Y total return
+3.5%
Yield · Last 12 months
3.37%
Holdings
61
Avg volume · 30D
1.74K sh
52W range
low $48.11high $56.90
Launched
Filings
SEC EDGAR

The ETF.net TBLU Grade

Based on 5 of 6 pillars

B

Score 58 out of 100

Category
Water⁠
Rank
2 of 6
Six-pillar profile for TBLU. Scores out of 100: Cost 88, Risk 59, Mission not scored, Tradability 21, Holdings 36, Durability 42. Strongest: Cost (88). Weakest: Tradability (21). Based on 5 of 6 pillars.

Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A88 out of 100
    Rank 1 of 6

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B59 out of 100
    Rank 2 of 6

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F21 out of 100
    Rank 6 of 6

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D36 out of 100
    Rank 6 of 6

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C42 out of 100
    Rank 5 of 6

Our read on TBLU

ETF.net Research

In short

BTortoise didn't license a water benchmark, it built one. TBLU tracks its own global water index, ESG screened, for 0.40% a year.

Stated mandate

The Fund seeks to track, before fees and expenses, the total-return performance of the Tortoise Global Water Net Total Return Index.

Why people hold it

  • Costs 0.40% a year, at the low end of the water category and under the bigger water funds FIW, CGW and PHO.
  • Tracks the in-house Tortoise Global Water Net Total Return Index: water companies worldwide, with an ESG screen written into selection.
  • Trading since 2017, so it has a real operating history rather than a launch-week theme deck.
  • Stands in the upper half of a small water-ETF peer group, helped by the cheap fee.

Worth knowing

  • Thinly traded next to the category's largest funds, so spreads can be wider and big orders need more care.
  • The benchmark is Tortoise's own index, not a third-party one, so cross-provider methodology comparisons take extra digging.
  • One theme, global scope: it can move a long way from a broad world equity fund in either direction. Cash comes once or twice a year, not monthly.

TBLU Performance

Launched Feb 14, 2017

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
TBLU$10,348
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. TBLU $10,348. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TBLU. Periods over one year show the average yearly return.
PeriodTBLU
Year to date+4.9%
1 month+6.8%
3 months−0.3%
1 year+3.5%
3 yearsper year+13.6%
5 yearsper year+3.3%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TBLU
YearReturn barTBLU
2026 YTD+4.9%
2025+11.9%
2024+8.5%
2023+21.0%
2022−26.0%
2021+28.9%
2020+15.8%

TBLU in the news

TBLU Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
3.37%Last 12 months
Payout per share
$1.78Last 12 months
Last payment
$0.50 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 23 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.10; Sep 20, 2017 $0.05; Dec 28, 2017 $0.24; Mar 21, 2018 $0.05; Jun 20, 2018 $0.10; Sep 26, 2018 $0.10; Dec 28, 2018 $0.10; Mar 20, 2019 $0.04; Jun 26, 2019 $0.39; Dec 30, 2019 $0.12; Jun 24, 2020 $0.34; Dec 30, 2020 $0.22; Jun 23, 2021 $0.27; Dec 30, 2021 $0.52; Jun 22, 2022 $0.24; Dec 29, 2022 $0.37; Jun 21, 2023 $0.37; Dec 28, 2023 $0.26; Jun 27, 2024 $0.30; Dec 31, 2024 $0.32; Jun 26, 2025 $0.40; Dec 31, 2025 $1.27; Jun 25, 2026 $0.50. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 25, 2026Jun 26, 2026$0.50
Dec 31, 2025Jan 2, 2026$1.27
Jun 26, 2025Jun 27, 2025$0.40
Dec 31, 2024Jan 2, 2025$0.32
Jun 27, 2024Jun 28, 2024$0.30
Dec 28, 2023Jan 2, 2024$0.26
Jun 21, 2023Jun 23, 2023$0.37
Dec 29, 2022Jan 3, 2023$0.37
Jun 22, 2022No data$0.24
Dec 30, 2021Jan 4, 2022$0.52
Jun 23, 2021No data$0.27
Dec 30, 2020No data$0.22

— Pay date not on file.

See all 23 payments⁠

$10,000 in TBLU 5 years ago paid $916 in dividends.⁠

TBLU Risk

Risk pillarB59 out of 100Rank 2 of 6 in Water
How much the fund’s monthly returns vary, scaled to a year.
15.3%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.62
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−35.4%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.91
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TBLU Cost

Cheapest in Water

$8,090

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TBLU 0.40%

    $8,090

$10,000
30 years

Cost over time

  • TBLU 0.40%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530TBLU $8,090

Year by year

YearTBLU
10$723
20$2,793
30$8,090

Other funds in Water

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