Tortoise Global Water Fund (TBLU) is a real-assets ETF. As of October 9, 2026, ETF Copilot scores TBLU 4.5 out of 10 — highest on Value (8.8), lowest on Return (1.5). Its ten largest holdings are 62% of the fund.
What stands out in TBLU's data
A focused portfolio of water-related companies worldwide.
Earns less on its capital than the typical water fund — its edge has to come from elsewhere.
Return on invested capital of 12.6% trails the category median of 12.9% and its own historical median of 12.8%. Analysts see 16% growth ahead.
A thematic sleeve for portfolios that want exposure to water infrastructure and treatment.
Why did TBLU move this week? It rose 0.8% in the week to October 9, 2026 — CIA Saneamento Basico and Ecolab drove it
TBLU rose 0.8% in the week to October 9, 2026. The holdings that moved it most were CIA Saneamento Basico (+25.3%), Ecolab (+3.0%) and Veralto (+2.4%); Ferguson Enterprises (−1.5%) pushed the other way.
How is TBLU rated? ETF Copilot scores Tortoise Global Water Fund (TBLU) 4.5 out of 10
As of October 9, 2026, ETF Copilot scores Tortoise Global Water Fund (TBLU) 4.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.5 / 10
- Growth: 4.4 / 10
- Value: 8.8 / 10
- Risk: 4.3 / 10
- Quality: 4.8 / 10
- Return: 1.5 / 10
What's inside TBLU?
What's inside TBLU: Size (Large 15%, Mid 73%, Small 12%); Geography (International 50%, US 50%); Tech 0.5%.
What are TBLU's top holdings? The ten largest are 62% of the fund
Ecolab, Veralto, Ferguson Enterprises, Xylem, Veolia Environnement, American Water Works, CIA Saneamento Basico, United Utilities, Idex and Severn Trent are TBLU's largest holdings, in that order.
More concentrated than 82% of Real Assets ETFs.
Half of TBLU's weight sits in its 8 largest positions, and once those weights are taken into account it behaves like 21 equally weighted holdings.
What is TBLU's expense ratio? 0.40% a year
As of October 9, 2026, TBLU charges 0.40% a year, yields 3.59% and holds $53M in assets across 60 positions.
| Measure | TBLU |
|---|---|
| Expense ratio | 0.40% |
| Dividend yield | 3.59% |
| Assets under management | $53M |
| Holdings | 60 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Tortoise Global Water Fund (TBLU) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/tblu
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