TBLU vs. UTES ETF Comparison

Comparison of Tortoise Global Water ESG Fund (TBLU) to Reaves Utilities ETF (UTES)

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

UTES

Reaves Utilities ETF

UTES Description

ETFis Series Trust I - Reaves Utilities ETF is an exchange traded fund launched and managed by Virtus ETF Advisers LLC. The fund is co-managed by W. H. Reaves & Co., Inc. It invests in public equity markets of the United States. The fund invests in stocks of companies operating in the utilities sector. It invests in dividend yielding stocks of companies across all market capitalization. The fund employs fundamental analysis with a bottom-up stock picking approach with a focus on factors such as conservative capital structures, solid balance sheets, history of and/or potential for growing earnings and raising dividends, lower-than-market levels of volatility, correlation or similar characteristics earnings and cash flow potential, dividend prospects and tax treatment of dividends, strength of business franchises and estimates of net asset value to create its portfolio. ETFis Series Trust I - Reaves Utilities ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$64.88

Average Daily Volume

41,774

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TBLU	UTES
30 Days	-1.99%	13.47%
60 Days	4.49%	21.25%
90 Days	16.24%	23.84%
12 Months		65.09%

0 Overlapping Holdings

	Symbol	Grade	Weight in TBLU	Weight in UTES	Overlap

TBLU Overweight 23 Positions Relative to UTES

Symbol	Grade	Weight
XYL	C	8.2%
ECL	B	8.07%
AWK	B	6.15%
WMS	D	4.32%
IEX	D	4.26%
PNR	C	4.25%
AOS	B	3.87%
TTEK	B	3.59%
WTRG	D	3.35%
CNM	F	2.25%
WTS	C	2.09%
BMI	A	1.77%
ZWS	A	1.71%
FELE	C	1.53%
CWT	D	1.02%
AWR	A	1.01%
MWA	A	0.94%
SJW	D	0.63%
LNN	C	0.5%
MEG	F	0.35%
ERII	B	0.34%
WTTR	C	0.27%
ANET	A	0.09%

TBLU Underweight 16 Positions Relative to UTES

Symbol	Grade	Weight
NEE	A	-16.41%
CEG	B	-12.52%
VST	A	-11.76%
PCG	B	-5.55%
CNP	B	-4.8%
PEG	A	-4.59%
EIX	A	-4.36%
ATO	A	-4.29%
ETR	A	-4.28%
SRE	A	-4.07%
PNW	A	-4.06%
DTE	A	-4.02%
NI	A	-3.69%
PNM	B	-3.03%
CMS	A	-2.85%
IDA	C	-1.12%