Tortoise Global Water Fund
$49.75+0.17 (+0.35%)
- 0.40%
- $54M
- −1.7%
- 3.59%
- 0M sh
- $49.55
- low $48.11high $56.90
The ETF.net TBLU Grade
B
Score 59 out of 100
- 2 of 6
Score 59 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 100Rank 1 of 6Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C53 out of 100Rank 4 of 6Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D25 out of 100Rank 5 of 6Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C41 out of 100Rank 5 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C42 out of 100Rank 5 of 6
Our read on TBLU
BTortoise didn't license a water benchmark, it built one. TBLU tracks its own global water index, ESG screened, for 0.40% a year.
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 Holdings
- Stocks
- 61
- 62%
- ECL
Sectors
- Industrials62.3%
- Utilities27.3%
- Materials7.9%
- Consumer Discretionary0.8%
- Consumer Staples0.7%
- Energy0.5%
- Technology0.5%
Geography
- United States57.31%
- United Kingdom10.43%
- Switzerland9.09%
- France7.21%
- Japan6.26%
- Brazil5.28%
- Canada2.76%
- Hong Kong1.45%
- 0.21%
Developed 87% · Emerging 13%
TBLU Performance
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$9,831
Returns run to the Oct 12, 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.
| Period | TBLU |
|---|---|
| Year to date | −1.6% |
| 1 month | −0.2% |
| 3 months | −3.7% |
| 1 year | −1.7% |
| 3 years | +11.4% |
| 5 years | +3.9% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TBLU |
|---|---|---|
| 2026 YTD | −1.6% | |
| 2025 | +11.9% | |
| 2024 | +8.5% | |
| 2023 | +21.0% | |
| 2022 | −26.0% | |
| 2021 | +28.9% | |
| 2020 | +15.8% |
TBLU in the news
TBLU Dividends
- 3.59%
- $1.78
- $0.50 per share
- Twice a year
Distribution history
TBLU Risk
- 15.4%
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.
- 0.46
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.
- −35.4%
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.
- 0.92
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
0.40%
TBLU0.40%
- The middle half of Water funds
- Median 0.54%
No Water fund charges less.
Other funds in Water
- BFIWFirst Trust Water ETFExpense ratio 0.50%1 year return −4.4%
- CPHOInvesco Water Resources ETFExpense ratio 0.59%1 year return −3.6%
- CCGWInvesco S&P Global Water Index ETFExpense ratio 0.58%1 year return +3.3%
- CAQWAGlobal X - Clean Water ETFExpense ratio 0.50%1 year return −4.4%
- DPIOInvesco Global Water ETFExpense ratio 0.75%1 year return +0.7%