Global Water ESG Fund (TBLU)

Time Period:
Total return
  QTD Calendar
1 year Since
Tortoise Global Water ESG Fund market price -9.39% -12.79% -12.79% 2.86%
Tortoise Global Water ESG Fund NAV -9.65% -11.87% -11.87% 3.22%
Underlying index -9.65% -11.49% -11.49% 3.70%
Total return
1 year Since
Tortoise Global Water ESG Fund market price 8.63% -5.58% 7.16%
Tortoise Global Water ESG Fund NAV 7.76% -5.79% 7.08%
Underlying index 8.05% -5.17% 7.70%

Price/NAV - indexed price returns(as of 02/20/2019 )
Price Chart

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View Price/NAV History Table

1. Period from fund inception (2/14/2017) through 12/31/2018 for quarterly returns and 1/31/2019 for monthly returns.

Effective 6/15/2018, the fund’s investment objective changed to track the net total return performance of the Tortoise Global Water ESG IndexSM. Prior to 6/15/2018, the fund’s investment objective was to track the total return performance of the Tortoise Water Index®. Underlying index performance is blended using the Tortoise Water Index® from inception to 6/15/2018 and the Tortoise Global Water ESG IndexSM after 6/15/2018.

Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. NAV prices are used to calculate market price performance prior to the date when the fund first traded on the Cboe BZX Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund’s most recent month end performance, please call (844) TR-INDEX or (844) 874-6339.

As stated in the Prospectus, the total annual operating expenses are 0.40%. The advisor has agreed to pay all expenses incurred by the fund except for the advisory fee, interest, taxes, brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions. Index returns are for illustrative purposes only. Unlike the fund return, index return is pre-expenses and taxes. Index performance returns do not reflect any management fees, transaction costs or expenses.

Fund Stats as of 02/20/2019
Symbol TBLU
Listing Exchange Cboe BZX
CUSIP 56167N753
Inception Date 2/14/2017
Market Price $28.87
NAV $28.86
NAV Change  $0.19
Premium/(Discount) 0.04%
Price Change  $0.14
Total Net Assets $4.33M
Total Market Value $4.33M
Shares Outstanding 150,000
Management Fee 0.40%
Total Expenses 0.40%

Shares of the Fund trade based on market prices rather than the Fund's net asset value per share ("NAV"). Consequently, shares of the Fund may trade at a price greater than (premium) or less than (discount) the Fund's NAV. The above table presents information for the period indicated about how often the most recent market closing price for the shares of the Fund reflected a premium or discount to the Fund's NAV for each trading day and the amount of each such premium or discount, expressed as a percentage of that day's NAV.

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