EBLU vs. KLDW ETF Comparison

Comparison of Ecofin Global Water ESG Fund (EBLU) to TrustGaveKal Knowledge Leaders Developed World ETF (KLDW)

EBLU

Ecofin Global Water ESG Fund

EBLU Description

The Tortoise Global Water ESG Fund uses a passive management approach and seeks investment results that correspond generally to the price and distribution rate performance of the Tortoise Global Water ESG Net Total Return Index®, which is comprised of companies across the globe and throughout the water cycle that we believe are positioned to benefit from the pursuit of solving the water supply/demand imbalance.

Grade (RS Rating)

Last Trade

$50.17

Average Daily Volume

2,235

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KLDW

TrustGaveKal Knowledge Leaders Developed World ETF

KLDW Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Gavekal Knowledge Leaders Developed World Index (the "Developed World Index" or the "index"). The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to measure the performance of issuers in developed markets countries that are considered to be "Knowledge Leaders," as defined and determined by the index provider, based on a proprietary selection model developed by the index provider and incorporated into the index methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.65

Average Daily Volume

4,840

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EBLU	KLDW
30 Days	4.15%	0.63%
60 Days	3.94%	-1.06%
90 Days	10.77%	5.50%
12 Months	31.90%	9.77%

2 Overlapping Holdings

	Symbol	Grade	Weight in EBLU	Weight in KLDW	Overlap
	ECL	B	4.07%	1.27%	1.27%
	VLTO	A	0.33%	0.17%	0.17%

EBLU Overweight 19 Positions Relative to KLDW

Symbol	Grade	Weight
CNM	F	4.54%
ERII	B	4.38%
ANET	A	4.34%
AOS	B	4.11%
BMI	A	4.04%
WMS	D	4.0%
AWK	B	3.68%
FELE	C	3.42%
WTRG	D	3.31%
IEX	D	2.66%
LNN	C	2.08%
MEG	F	1.79%
MWA	A	1.66%
PNR	C	1.38%
WTTR	C	1.12%
TTEK	B	0.43%
WTS	C	0.32%
XYL	C	0.3%
ZWS	A	0.15%

EBLU Underweight 24 Positions Relative to KLDW

Symbol	Grade	Weight
TT	A	-1.41%
GRMN	D	-1.35%
ADI	C	-1.33%
STZ	B	-1.32%
MKC	C	-1.31%
BSX	A	-1.26%
A	B	-1.23%
TMO	C	-1.16%
KLAC	B	-1.15%
PFE	D	-1.11%
DHR	C	-1.11%
NTAP	D	-1.05%
GPC	D	-1.03%
KDP	C	-1.03%
HUBB	A	-1.01%
SPNS	C	-1.01%
GOOGL	B	-1.0%
COHU	F	-0.98%
AMZN	C	-0.93%
BIIB	F	-0.89%
STE	D	-0.87%
CARR	A	-0.85%
RBA	D	-0.72%
DDOG	D	-0.47%

KLDW: Top Represented Industries & Keywords

Industries: Diagnostics & Research Drug Manufacturers - Major Semiconductor Equipment & Materials Specialty Retail Beverages - Soft Drinks Beverages - Wineries & Distilleries Building Products & Equipment Business Services Data Storage Electronic Components Internet Content & Information Medical Devices Medical Instruments & Supplies Packaged Foods Pollution & Treatment Controls Scientific & Technical Instruments Semiconductors Software - Application Software - Infrastructure Specialty Chemicals