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Tortoise Global Water Fund (TBLU) ETF Holdings & Analysis
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What TBLU does
The TBLU fund offers investors exposure to a diverse array of water-related enterprises across all market capitalization sizes within developed nations. Its investment strategy focuses on identifying companies that generate at least 40% of their gross revenue from either water infrastructure, water equipment, or water services. Water infrastructure firms encompass those engaged in public water distribution, engineering, construction, or consulting activities. Companies providing water equipment supply crucial components such as pipes, valves, and pumps, alongside water efficiency products like filtration, treatment, and testing solutions. Service companies, meanwhile, deliver technologies designed to facilitate the management of water distribution, usage, treatment, and irrigation. The fund's portfolio typically consists of a few dozen holdings, with a notable emphasis on U.S.-based companies. Before June 5, 2018, the fund tracked the Tortoise Water Index, primarily investing in North American water companies. Prior to its merger with Ecofin on August 21, 2020, the fund operated under the name Tortoise Global Water ESG Fund and traded with the ticker TBLU. Post-merger, it was rebranded as the Ecofin Global Water ESG Fund and traded as EBLU. However, as of September 17, 2024, both the fund's name and ticker have reverted to Tortoise Global Water ESG Fund and TBLU, respectively.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| Ecolab Inc | 7.90% | |
| American Water Works Co Inc | 7.87% | |
| Xylem Inc/NY | 7.23% | |
| Ferguson Enterprises Inc | 6.96% | |
| Veolia Environnement SA | 6.82% | |
| Veralto Corp | 4.54% | |
| Geberit AG | 4.26% | |
| UNITED UTILITIES GROUP PLC | 4.17% | |
| IDEX Corp | 4.01% | |
| Severn Trent PLC | 3.73% |
Sector allocation
| Basic Materials | 7.97% |
| Cash & Others | 0.01% |
| Consumer Cyclical | 0.82% |
| Consumer Defensive | 0.96% |
| Energy | 0.60% |
| Industrials | 63.50% |
| Technology | 0.67% |
| Utilities | 25.47% |
Geographic allocation
| United States | 57.50% |
| France | 6.83% |
| Switzerland | 9.49% |
| United Kingdom | 10.95% |
| Brazil | 3.51% |
| Canada | 2.80% |
| Japan | 6.18% |
| Hong Kong | 1.35% |
| Other | 1.19% |
| China | 0.13% |
PortView Portfolio Insights
PortView analyzes how TBLU fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does TBLU track?
- TBLU is the Tortoise Global Water Fund, a Other ETF.
- What is the expense ratio of TBLU?
- Expense ratio data for TBLU is shown on the page when available from our data provider.
- What are the largest holdings in TBLU?
- Top holdings include ECL, AWK, XYL, FERG, VIE.PA.
- How can PortView analyze TBLU overlap with other ETFs?
- PortView computes the holdings overlap between TBLU and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.