Tortoise
Global Water ESG Index℠ (TGWESG)

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
TGWESG
Index Stats as of 9/21/2018
Tickers
Price TGWESG
Total Return TGWESGT
Net Return TGWESGNT
Base Date 12/31/2007
Inception Date 4/2/2018
Calculated by S&P Dow Jones Indices
Rebalancing Quarterly
Number of Constituent 37
Market Capitalization $167 billion
Average Constitutent Size $4,504 million
Median Constitutent Size $2,196 million

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You are now leaving Tortoise website and are going to a website that is not operated by Tortoise and its affiliated companies. We are not responsible for the presentation of information on this site. If you select Continue, please note: The articles on the third-party websites contain the opinions of the author(s) and those interviewed by the author(s) but not necessarily those of the advisor, funds or distributor. The articles are distributed for educational purposes and should not be considered investment advice, an offer of any security for sale, or a recommendation of any particular security, strategy or investment product.


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