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

Index Stats as of 3/15/2019:

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Price Return Ticker

TBLUE

Total Return Ticker

TBLUET

Base Date

12/31/2010

Inception Date

8/31/2016

Calculated by

S&P Dow Jones Indices

Rebalancing

Quarterly

Number of Constituents

32

Market Capitalization

$153 billion

Average Constituent Size

$4,790 million

Median Constituent Size

$1,892 million

Overview

The Tortoise Water Index® is a float-adjusted, modified market capitalization-weighted index comprised of companies that are materially engaged in the water infrastructure or water management industries. Water infrastructure companies’ principal business is providing public water distribution or supporting water distribution infrastructure via equipment or engineering and construction. Water management companies’ primary business is providing technologies or products that manage or facilitate water distribution and usage, including the fields of water efficiency, water treatment and irrigation.

Methodology summary

  • Float-adjusted, modified market capitalization-weighting

  • Fundamental weighting based on percentage of company’s gross revenues derived from water-related activities

    • Direct water exposure: companies derive 50% or more of their revenues from water-related activities; this segment will represent at least 70% of the index

    • Indirect water exposure: companies derive 25% to 50% of their revenues from water-related activities; this segment will represent at most 30% of the index

  • No single issuer greater than 7.5%

    • No single issuer with indirect water exposure greater than 4%

Performance

Index Performance (as of 3/31/2019) 1 Year 3 Year 5 Year 10 Year
Total Return 2.23% 13.18% 10.33% N/A
Price Return 0.87% 11.64% 8.75% N/A

Total Return History

(as of 5/24/2019)

Price Return History

(as of 5/24/2019)

Constituents

Sector Breakdown

As of most recent rebalance date (3/15/2019)

Index Top 10 Constituents

As of most recent rebalance date (3/15/2019)
Constituent Name Index Weight
American Water Works Company, Inc.
7.7%
Xylem Inc.
7.4%
Cia de Saneamento Basico
6.9%
Pentair plc
6.5%
A.O. Smith Corporation
6.5%
Constituent Name Index Weight
Aqua America, Inc.
5.8%
Ecolab Inc.
4.3%
Rexnord Corporation
4.3%
Tetra Tech, Inc.
4.3%
Cantel Medical Corp.
4.3%

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