Tortoise Global Water Fund (TBLU US)
TBLU US$49.96
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 49.96
- Change
- ▼ -0.09 (-0.17)
- Bid / Ask
- 48.00 - 53.00
- Volume
- 27
- Turnover
- 9,810
- Open
- 50.00
- Day Range
- 49.96 - 50.00
- VWAP
- 50.05
- Prev Close
- 50.05
- Last Trade
- 28/10 4:10pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$55.7M
OCT 2026
Distributions
Semi-Annually
Since inception
9.7 yrs
FEB 2017
- Legal name
- Tortoise Global Water Fund
- Issuer
- Tortoise Capital Advisors, LLC
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Index fund
- Morningstar category
- Miscellaneous Sector
- Category index
- Morningstar US Market TR USD
- Benchmark
- S&P 500 (TR) (1970)
- ETF net assets
- $55.7M
- Units on issue
- 1.1M
- Management fee
- 0.40% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 14 FEB 2017
- Listed
- 14 JUL 2025
- Index provider
- Standard and Poors
Objective and strategy
The investment seeks investment results that correspond generally to the price and distribution rate (total return) performance of the Tortoise Global Water Net Total Return Index. The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the types of securities suggested by its name (i.e., Water Companies). The index is a proprietary rules-based, modified market capitalization weighted, float adjusted index designed to track the overall performance of equity securities of global Water Companies listed on developed country exchanges. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 59.19%Non-US equity 40.17%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.36 | 99.36 | 0.00 |
| Bond | 0.00 | 0.00 | 0.00 |
| Cash | 0.31 | 0.38 | 0.06 |
| Other | 0.33 | 0.33 | 0.00 |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 8.82%Sensitive 62.33%Defensive 28.85%
- Basic Materials
- 7.99%
- Consumer Cyclical
- 0.83%
- Financial Services
- 0.00%
- Real Estate
- 0.00%
- Communication Services
- 0.00%
- Energy
- 0.46%
- Industrials
- 61.34%
- Technology
- 0.53%
- Consumer Defensive
- 0.66%
- Healthcare
- 0.00%
- Utilities
- 28.19%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 93.76%Emerging markets 6.24%
- North America
- 62.48%
- Latin America
- 4.74%
- United Kingdom
- 9.58%
- Europe Developed
- 15.98%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.00%
- Japan
- 5.73%
- Australasia
- 0.00%
- Asia Developed
- 0.00%
- Asia Emerging
- 1.50%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 59.57%
- United Kingdom
- 9.58%
- Switzerland
- 8.86%
- France
- 7.12%
- Japan
- 5.73%
- Brazil
- 4.74%
- Canada
- 2.91%
- China
- 1.50%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Mid Blend
- Average moat
- Moderate
Size score
141
Small
Mid
Large
Value-growth score
149
Value
Blend
Growth
Economic moat
Wide 37%Narrow 56%None 7%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 0.00%
- Large
- 16.80%
- Mid
- 63.77%
- Small
- 15.25%
- Micro
- 4.18%
Large 17%Mid 64%Small 15%Micro 4%
- Average market cap
- $15.68B
- Number of holdings
- 64
- Shares held
- 59
Portfolio statistics · 22 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 21.73
- Price / book
- 2.93
- Price / sales
- 1.86
- Price / cash flow
- 11.55
- Dividend yield
- 2.21%
- Assets in top 10
- 62.37%
- Return on equity
- 19.87%
- Net margin
- 12.93%
- Earnings growth (3 yr)
- 14.97%
Top holdings · top 10 = 61.48% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Ecolab Inc ECL | 7.77 | FEB 2026 | 4.3M | USD | 15,613 | Basic Materials | United States | |
| Ferguson Enterprises Inc FERG | 7.68 | FEB 2026 | 4.2M | USD | 19,043 | Industrials | United States | |
| Veralto Corp VLTO | 7.67 | FEB 2026 | 4.2M | USD | 44,875 | Industrials | United States | |
| Veolia Environnement SA VIE | 7.31 | FEB 2026 | 4.0M | EUR | 115,640 | Industrials | France | |
| Xylem Inc XYL | 7.25 | FEB 2026 | 4.0M | USD | 39,489 | Industrials | United States | |
| American Water Works Co Inc AWK | 7.11 | FEB 2026 | 3.9M | USD | 30,289 | Utilities | United States | |
| United Utilities Group PLC Class A UU. | 4.28 | FEB 2026 | 2.4M | GBP | 126,058 | Utilities | United Kingdom | |
| Companhia De Saneamento Basico Do Estado De Sao Paulo ADR SBS | 4.21 | FEB 2026 | 2.3M | USD | 437,654 | Utilities | Brazil | |
| IDEX Corp IEX | 4.16 | FEB 2026 | 2.3M | USD | 10,070 | Industrials | United States | |
| Severn Trent PLC SVT | 4.03 | FEB 2026 | 2.2M | GBP | 54,190 | Utilities | United Kingdom |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-4.4
3M
-5.8
6M
-1.7
YTD
-3.3
1Y
-5.2
3Y
11.0
5Y
3.5
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -4.40 | -4.39 | -4.37 | — |
| 3 months | -5.77 | -5.40 | -5.68 | — |
| 6 months | -1.72 | -2.24 | -1.52 | — |
| Year to date | -3.28 | -2.98 | -2.99 | — |
| 1 year | -5.15 | -5.18 | -4.77 | — |
| 3 years p.a. | 10.97 | 10.93 | 11.41 | — |
| 5 years p.a. | 3.52 | 3.42 | 3.93 | — |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2018
-11.9
2019
36.6
2020
15.4
2021
29.5
2022
-24.9
2023
20.1
2024
9.2
2025
11.5
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 11.48 | 7.90 | 86 |
| 2024 | 9.19 | 7.76 | 5 |
| 2023 | 20.15 | 18.42 | 10 |
| 2022 | -24.94 | -26.15 | 94 |
| 2021 | 29.49 | 27.49 | 37 |
| 2020 | 15.44 | 13.80 | 55 |
| 2019 | 36.61 | 34.46 | 1 |
| 2018 | -11.86 | -13.03 | 15 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -16.20 | -6.64 | -7.04 | — |
| Beta | 0.67 | 0.86 | 1.00 | — |
| R-squared | 31.56 | 45.26 | 68.19 | — |
| Standard deviation | 16.79 | 15.35 | 18.09 | — |
| Sharpe ratio | -0.46 | 0.46 | 0.06 | — |
| Sortino ratio | -0.58 | 0.73 | 0.09 | — |
| Tracking error | 14.69 | 11.45 | 10.15 | — |
| Information ratio | -1.49 | -0.94 | -0.79 | — |
| Upside capture % | 19.93 | 68.14 | 80.84 | — |
| Downside capture % | 109.71 | 105.03 | 114.20 | — |
| Maximum drawdown % | -10.99 | -12.71 | -33.55 | — |
Measured against MSCI ACWI NR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
73.6
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Market impact cost %
- 0.287
- Best quarter
- 16.17% · DEC 2023
- Worst quarter
- -20.36% · MAR 2020
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.40% p.a.
- PDS dated
- 30 MAR 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.5046
- Ex Date
- 25 JUN 2026
- Record Date
- 25 JUN 2026
- Pay Date
- 26 JUN 2026
- NAV at ex date
- 51.53
- Paid this year
- 0.5046
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
1.7
2023
0.6
2022
0.6
2021
0.6
2020
0.8
2019
0.6
2018
0.6
2017
0.3
2016
0.2
| Year | Per unit ($) |
|---|---|
| 2024 | 1.6792 |
| 2023 | 0.6276 |
| 2022 | 0.6389 |
| 2021 | 0.6043 |
| 2020 | 0.7846 |
| 2019 | 0.5655 |
| 2018 | 0.5523 |
| 2017 | 0.3460 |
| 2016 | 0.2061 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 25 JUN 2026 | 0.5046 |
| 31 DEC 2025 | 1.2744 |
| 26 JUN 2025 | 0.4048 |
| 31 DEC 2024 | 0.3232 |
| 27 JUN 2024 | 0.3043 |
| 28 DEC 2023 | 0.2645 |
| 21 JUN 2023 | 0.3744 |
| 29 DEC 2022 | 0.3659 |
| 22 JUN 2022 | 0.2384 |
| 30 DEC 2021 | 0.5181 |
| 23 JUN 2021 | 0.2666 |
| 30 DEC 2020 | 0.2242 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Below Average
ESG risk score
22.20
Negligible
Low
Medium
High
Severe
Category average 20.47
- Rank in category
- 75th percentile of 2,058 funds
- Environmental risk
- 8.51
- Social risk
- 6.89
- Governance risk
- 3.67
- Portfolio covered
- 98.6%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 0.00%
- Low
- 41.34%
- Medium
- 45.87%
- High
- 11.62%
- Severe
- 1.17%
0.00% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
10.79
Low
Medium
High
Severe
Category average 10.11
- Carbon risk
- Medium Risk
- Rank in category
- 10th percentile of 66 funds
- Fossil fuel involvement
- 11.56%
- Category average
- 12.64%
- Low Carbon Designation
- No
- Portfolio covered
- 99.8%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Andrew Serowik
- Gabriel Tan
- Todd Alberico
- Brian Cooper
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 4
- Average tenure
- 3.3 years
- Longest tenure
- 3.3 years
- Longest serving
- Andrew Serowik, Gabriel Tan, Todd Alberico, Brian Cooper · since 1 JUN 2023
- Most recent appointment
- Andrew Serowik, Gabriel Tan, Todd Alberico, Brian Cooper · since 1 JUN 2023
- Managed since
- 1 JUN 2023
- Other funds managed
- 134
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
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Action
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