Tortoise Global Water Etf Profile
| TBLU Etf | USD 49.50 0.06 0.12% |
Performance1 of 100
| Odds Of DistressLess than 9
|
Tortoise Global is selling for under 49.50 as of the 18th of December 2024; that is 0.12 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 49.5. Tortoise Global has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Tortoise Global symbol was changed from EBLU on 30th of September 2024. The performance scores are derived for the period starting the 18th of November 2024 and ending today, the 18th of December 2024. Click here to learn more.
The investment seeks investment results that correspond generally to the price and distribution rate performance of the Tortoise Global Water ESG Net Total Return IndexSM. Tortoise Global is traded on BTS Exchange in the United States. More on Tortoise Global Water
Moving together with Tortoise Etf
Tortoise Etf Highlights
| Older Symbol | EBLU |
| Thematic Ideas | (View all Themes) |
| Business Concentration | Industrials ETFs, Sector ETFs, Natural Resources, Tortoise Capital Advisors (View all Sectors) |
| Issuer | Tortoise |
| Inception Date | 2024-10-01 |
| Benchmark | Tortoise Global Water ESG Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 58.57 Million |
| Average Trading Valume | 2,084.5 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Industrials |
| Market Concentration | Developed Markets |
| Region | Global |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Tortoise Index Solutions, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Quasar Distributors, LLC |
| Portfolio Manager | Andrew Serowik, Todd Alberico, Gabriel Tan, Brian Cooper |
| Transfer Agent | U.S. Bank, N.A. |
| Fiscal Year End | 30-Nov |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 42.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.4 |
| Management Fee | 0.4 |
| Country Name | USA |
| Returns Y T D | 14.7 |
| Name | Tortoise Global Water ESG Fund |
| Currency Code | USD |
| Open Figi | BBG00FYJCH33 |
| In Threey Volatility | 20.54 |
| 1y Volatility | 14.27 |
| Code | TBLU |
| Updated At | 17th of December 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.07 |
| Type | ETF |
Tortoise Global Water [TBLU] is traded in USA and was established 2017-02-14. Tortoise Global Water was previously known as Ecofin Global Water and was traded on NYSE ARCA Exchange under the symbol EBLU. The fund is listed under Natural Resources category and is part of Tortoise Capital Advisors family. The entity is thematically classified as Industrials ETFs. Tortoise Global Water at this time have 15.52 M in assets. , while the total return for the last 3 years was 1.9%.
Check Tortoise Global Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Tortoise Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Tortoise Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Tortoise Global Water Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Tortoise Global Water Currency Exposure
Tortoise Global Water holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Tortoise Global will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Tortoise Global Water.
Top Tortoise Global Water Etf Constituents
| ITRI | Itron Inc | Stock | Information Technology | |
| VMI | Valmont Industries | Stock | Industrials | |
| AQUA | Evoqua Water Technologies | Stock | Industrials | |
| AOS | Smith AO | Stock | Industrials | |
| AWK | American Water Works | Stock | Utilities | |
| PNR | Pentair PLC | Stock | Industrials | |
| WTRG | Essential Utilities | Stock | Utilities | |
| XYL | Xylem Inc | Stock | Industrials |
Tortoise Global Water Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Tortoise Global. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0396 | |||
| Jensen Alpha | 0.001 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.02) |
Tortoise Global Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tortoise Global Water. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
The market value of Tortoise Global Water is measured differently than its book value, which is the value of Tortoise that is recorded on the company's balance sheet. Investors also form their own opinion of Tortoise Global's value that differs from its market value or its book value, called intrinsic value, which is Tortoise Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tortoise Global's market value can be influenced by many factors that don't directly affect Tortoise Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tortoise Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.