EFRA vs. TBLU ETF Comparison

Comparison of iShares Environmental Infrastructure and Industrials ETF (EFRA) to Tortoise Global Water ESG Fund (TBLU)

EFRA

iShares Environmental Infrastructure and Industrials ETF

EFRA Description

The fund seeks to track the investment results of the index, which has been developed by FTSE International Limited (the "index provider" or "FTSE"). It is non-diversified.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

579

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TBLU

Tortoise Global Water ESG Fund

TBLU Description

The investment seeks investment results that correspond generally to the price and distribution rate (total return) performance of the Tortoise Global Water ESG Net Total Return IndexSM. 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.

Grade (RS Rating)

Last Trade

$42.95

Average Daily Volume

4,107

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EFRA	TBLU
30 Days	0.98%	-1.99%
60 Days	-0.38%	4.49%
90 Days	1.47%	16.24%
12 Months	25.08%

11 Overlapping Holdings

Symbol	Grade	Weight in EFRA	Weight in TBLU	Overlap
AWK	D	5.44%	3.37%	3.37%
BMI	B	2.29%	4.12%	2.29%
FELE	B	1.72%	3.53%	1.72%
LNN	B	0.47%	2.13%	0.47%
MWA	B	1.35%	1.92%	1.35%
PNR	A	6.26%	1.51%	1.51%
TTEK	F	3.91%	0.37%	0.37%
WMS	D	3.29%	3.42%	3.29%
WTRG	B	3.45%	3.32%	3.32%
WTS	B	2.06%	0.33%	0.33%
XYL	D	5.63%	0.27%	0.27%

EFRA Overweight 6 Positions Relative to TBLU

Symbol	Grade	Weight
WAB	B	7.13%
SW	A	6.92%
CLH	B	4.59%
AWR	B	1.11%
CWT	D	1.03%
SJW	D	0.64%

EFRA Underweight 11 Positions Relative to TBLU

Symbol	Grade	Weight
ANET	C	-5.99%
ERII	D	-4.87%
CNM	D	-4.29%
ECL	D	-3.94%
AOS	F	-3.49%
FBIN	D	-3.11%
IEX	B	-2.92%
WTTR	B	-1.35%
MEG	F	-1.3%
VLTO	D	-0.31%
ZWS	B	-0.17%