The Tortoise Global Water ESG Index® is a proprietary, rules-based, modified capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in the water infrastructure or water management industries.

Index Stats as of 9/20/2019:

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Price Return Ticker

TGWESG

Total Return Ticker

TGWESGT

Net Return Ticker

TGWESGNT

Base Date

12/31/2007

Inception Date

4/02/2018

Calculated by

S&P Dow Jones Indices

Rebalancing

Quarterly

Number of Constituents

37

Market Capitalization

$189 billion

Average Constituent Size

$5,108 million

Median Constituent Size

$2,926 million

Overview

Water is an essential asset — critical to economic growth and social stability. The companies that manage, treat, and distribute water are vital not only to our survival, but also our ability to thrive and prosper. Significant investment must be made to maintain our current infrastructure and to develop new infrastructure to more sustainably utilize and distribute this vital resource

We believe that the Tortoise Global Water ESG IndexSM is comprised of companies that represent the current global water landscape, make conscientious efforts to positively impact the world environmentally, socially, and with solid governance, and are poised to participate and benefit from growth in the water industry. Tortoise consciously strives to maximize our positive impact by holding the constituent companies to high standards of positive impact as well.  As such, the methodology requires candidates for this index to achieve a minimum level of ESG score, as determined by Sustainalytics. 

The Tortoise Global Water ESG IndexSM is a proprietary, rules-based, modified capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in the water infrastructure or water management industries.

Methodology highlights:

  • ESG screen provided by Sustainalytics, with a minimum required ESG score of 48
  • Water requirement (i) derive at least 50% of their revenues from water industry related activities, or (ii) derive at least 40% of its revenues from the water industry, be ranked in the top five companies by total revenue derived from any one water sub-industry, and whose principal source of revenue comes from the water industry.
  • Minimum of 30 securities
  • No single issuer greater than 7.5% as of the rebalance reference date
    • Only six names will be above 4% of the total index market cap
    • All remaining index constituents will be capped at a maximum weight of 4%

Key eligibility requirements:

  • Companies derive substantial gross revenues from water related activities
  • Listed on a developed market exchange
  • Market capitalization of $400 million for two consecutive quarters at time of index inclusion
  • Minimum liquidity turnover of 0.15 for two consecutive quarters to enter the index
  • At least 80% of the market cap of the index must meet minimum ESG score

Performance

Index Performance (as of 9/30/2019) 1 Year 3 Year 5 Year 10 Year
Total Return 11.28% 9.72% 10.88% 11.90%
Price Return 8.23% 6.96% 8.23% 9.09%
Net Total Return 10.71% 9.18% 10.35% 11.37%

Total Return History

(as of 12/05/2019)

Price Return History

(as of 12/05/2019)

Net Total Return

(as of 12/05/2019)

Constituents

Sector Allocations

As of most recent rebalance date (9/20/2019)

Top 10 Constituents

As of most recent rebalance date (9/20/2019)
Constituent Name Index Weight
Veolia Environnement
7.9%
American Water Works Company, Inc.
7.6%
Geberit AG
7.5%
Xylem Inc.
7.3%
Ferguson Plc
7.2%
Constituent Name Index Weight
Aqua America, Inc.
5.6%
Suez
4.1%
Severn Trent Plc
4.1%
United Utilities Group PLC
4.1%
Pentair plc
3.8%

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