TBLU vs. IWTR ETF Comparison

Comparison of Tortoise Global Water ESG Fund (TBLU) to iShares MSCI Water Management Multisector ETF (IWTR)

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

IWTR

iShares MSCI Water Management Multisector ETF

IWTR Description

The iShares MSCI Water Management Multisector ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies that either 1) derive a proportion of their revenues from sustainable water products or services or 2) demonstrate relative efficiency in their water management.

Grade (RS Rating)

Last Trade

$31.22

Average Daily Volume

1,583

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TBLU	IWTR
30 Days	-1.99%	-2.65%
60 Days	4.49%	-1.55%
90 Days	16.24%	1.62%
12 Months		18.91%

8 Overlapping Holdings

Symbol	Grade	Weight in TBLU	Weight in IWTR	Overlap
BMI	C	4.12%	3.14%	3.14%
CNM	C	4.29%	3.37%	3.37%
ERII	D	4.87%	0.68%	0.68%
FELE	B	3.53%	2.23%	2.23%
MWA	B	1.92%	1.53%	1.53%
WTS	A	0.33%	2.82%	0.33%
XYL	D	0.27%	5.43%	0.27%
ZWS	B	0.17%	2.33%	0.17%

TBLU Overweight 14 Positions Relative to IWTR

Symbol	Grade	Weight
ANET	C	5.99%
ECL	D	3.94%
AOS	F	3.49%
WMS	F	3.42%
AWK	C	3.37%
WTRG	B	3.32%
FBIN	F	3.11%
IEX	B	2.92%
LNN	B	2.13%
PNR	A	1.51%
WTTR	A	1.35%
MEG	F	1.3%
TTEK	F	0.37%
VLTO	D	0.31%

TBLU Underweight 6 Positions Relative to IWTR

Symbol	Grade	Weight
HLT	A	-7.47%
MAR	A	-7.26%
TXN	B	-6.32%
INTC	C	-4.99%
IFF	F	-2.94%
ALTM	C	-0.59%