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TBLU

GradeBNew York Stock Exchange

Tortoise Global Water Fund

Themes · Tortoise · Inception 2017-02-14 · SEC filings

$49.55−0.28 (−0.55%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 56 prints from 49.82 to 49.55. Range 49.34 to 49.59. Use the arrow keys to read each point.$49.40$49.50$49.6010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$55M
1Y return
−2.6%
Yield · Last 12 months
3.57%
Volume · 30D
0M sh
NAV per share
$49.36
52W range
low $48.94high $56.90

The ETF.net TBLU Grade

B

60/ 100

Rank 2 of 6 in Water⁠

Confidence Low

Six-pillar profile for TBLU. Scores out of 100: Cost 88, Risk 54, Mission not scored, Tradability 37, Holdings 36, Durability 42. Strongest: Cost (88). Weakest: Holdings (36). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 60 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 88
    Category rank1/6 · top 17%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank3/6 · top 50%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 37
    Category rank5/6 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 36
    Category rank6/6 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 42
    Category rank5/6 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on TBLU

ETF.net Research

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

  1. 01Costs 0.40% a year, at the low end of the water category and under the bigger water funds FIW, CGW and PHO.
  2. 02Tracks the in-house Tortoise Global Water Net Total Return Index: water companies worldwide, with an ESG screen written into selection.
  3. 03Trading since 2017, so it has a real operating history rather than a launch-week theme deck.
  4. 04Stands in the upper half of a small water-ETF peer group, helped by the cheap fee.

Worth knowing

  1. 01Thinly traded next to the category's largest funds, so spreads can be wider and big orders need more care.
  2. 02The benchmark is Tortoise's own index, not a third-party one, so cross-provider methodology comparisons take extra digging.
  3. 03One 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 Holdings

As of Sep 20, 2026, 9:17 AM
Asset class
Stocks
Holdings
—
Top-10 weight
61%
Largest holding
XYL7.6%

Sectors

  • Industrials62.9%
  • Utilities25.8%
  • Materials8.2%
  • Cons. Staples1.0%
  • Consumer Discr.0.8%
  • Technology0.7%
  • Energy0.6%

Geography

  • United States57.73%
  • United Kingdom10.63%
  • Switzerland9.22%
  • France7.56%
  • Japan6.18%
  • Brazil4.17%
  • Canada2.85%
  • Hong Kong1.46%
  • Other countries (2)0.20%

Developed 90% · Emerging 10% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001XYLXylem Inc/NY7.56%38,451$4M287
002VLTOVeralto Corp7.55%43,696$4M306
003VIE.PAVeolia Environnement SA7.51%112,598$4M107
004ECLEcolab Inc7.49%15,205$4M320
005AWKAmerican Water Works Co Inc7.33%29,494$4M282
006FERGFerguson Enterprises Inc7.27%18,542$4M305
007SBSCIA SANEAMENTO BASICO SPONSORED ADR4.14%426,137$2M33
008UU.LUNITED UTILITIES GROUP PLC4.14%122,743$2M104
009IEXIDEX Corp4.01%9,806$2M245
010SVT.LSevern Trent PLC3.95%52,765$2M98
011WTRGEssential Utilities Inc3.95%52,557$2M148
012GEBN.SWGeberit AG3.88%3,235$2M122
013BEAN.SWBelimo Holding AG3.39%1,922$2M92
014STN.TOStantec Inc2.83%22,513$2M63
015GF.SWGeorg Fischer AG1.89%15,342$1M52

Showing 1–15 of 60 holdings

TBLU Performance

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

TBLU$9,743
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. TBLU $9,743. SPY $11,723. Use the arrow keys to read each point.$9,280$10,613$11,945Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−0.8%
1 month−3.6%
3 months−0.8%
1 year−2.6%
3 years+11.5%per year
5 years+3.0%per year
10 yearsFund is under 10 years old—per year

As of the close, 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−0.8%
2025+11.9%
2024+8.5%
2023+21.0%
2022−26.0%
2021+28.9%
2020+15.8%

TBLU in the news

ETF.net Research hasn’t filed on TBLU yet — coverage lands here as it’s written.

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 Sep 22, 2026.
3.57%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, 2022Data unavailable$0.24
Dec 30, 2021Jan 4, 2022$0.52
Jun 23, 2021Data unavailable$0.27
Dec 30, 2020Data unavailable$0.22

TBLU Risk

How much the fund’s monthly returns vary, scaled to a year.
15.8%
Annualised · 36 months to Aug 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.
0.39
vs 3-month T-bills · to Aug 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.
0.92
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.

TBLU Cost

Expense ratio0.40%
  • The middle half of Water funds
  • Median 0.54%

No Water fund charges less.

TBLU costs $40.00 a year on $10,000. The median Water fund costs $54.00.