Summary
Tortoise Global Water Fund is an ETF - a fund traded on an exchange like a stock - run by Tortoise. Positions inside: 65. The ten largest make up 62% of the fund.
- Yearly costs
- 0.40%
- Fund size
- $55.6M
- Positions
- 65
- Dividend yield
- 3.56%
- Running since
- 2017
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 62% of the fund, so its result rests on a few names.
- 62% of the fund is in one sector (Industrials).
- In the last five years its price once dropped by 36% from its high.
- A small fund with $55.6M under management; small funds get closed more often.
- It trades little: only about $99.5K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +1.9%
- 3 months
- -3.1%
- This year
- -2.0%
- 1 year
- -6.4%
- 3 years
- +37%
- 5 years
- +3.9%
- Avg. market cap
- $25.1B
- P/E
- 22.2x
- Forward P/E
- 19.1x
- P/S
- 1.9x
- P/B
- 3.0x
- P/FCF
- 25.7x
- EV/EBITDA
- 13.7x
- Dividend yield
- 2.00%
- ROIC
- 10.2%
- ROE
- 19.8%
- Gross margin
- 39.1%
- Operating margin
- 19.7%
- Net margin
- 13.5%
- Payout ratio
- 44.4%
- Net debt/EBITDA
- 2.5x
- Beta
- 0.92
Weighted average of the 50 largest companies, which make up 89% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 VLVeralto VLTO 8.1%
- 2 ECEcolab Inc. ECL 7.8%
- 3 AWAmerican Water Works AWK 7.4%
- 4 FEFerguson plc FERG 7.4%
- 5 XYXylem Inc. XYL 7.4%
- 6 VIVeolia Environnement S.A. VIE.PA 7.1%
- 7 SBCompanhia de Saneamento Básico do Estado de São Paulo - SABESP SBS 4.7%
- 8 UNITED UTILITIES GROUP PLC 4.4%
- 9 Severn Trent PLC 4.0%
- 10 WTEssential Utilities, Inc. WTRG 4.0%
Positions in the fund: 65. The ten largest make up 62% of it.
Composition as of Oct 23, 2026.
Where is it spread?
One sector dominatesBy sector
- Industrials 62%
- Utilities 27%
- Basic materials 7.9%
- Consumer cyclical 0.8%
- Consumer defensive 0.7%
- Other 1.0%
By country
- United States 58%
- United Kingdom 11%
- Switzerland 8.8%
- France 7.1%
- Other countries 15%
By company size
- Large cap 74%
- Mid cap 23%
- Small cap 2.8%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 89% of the fund.
Largest sector: Industrials (62%). Largest country: United States (58%). Largest size group: Large cap (74%).
What does it cost me?
Usual costs- A year from $10,000
- $40.00
- Over 20 years
- $1,950
From every $10,000 invested the fund takes $40.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $1,950.
How has it done?
Growing slowly- A year on average, 5 years
- +0.8%
- Deepest drop
- -36%
- Yearly volatility
- 16%
Average yearly growth over the last five years: 0.8%. Deepest drop in these years: 36% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 3.56%
- Payments a year
- 2
- Last payment
- $0.50
Over the last 12 months it paid $1.78 per share, which is 3.56% of today's price. The last payment was $0.50 on Jun 25, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $99.5K
- Shares a day
- 2.0K
On an average day about $99.5K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 22.2
- Average Bulios Score
- 66 out of 100
Weight by Bulios Fair Price
- Undervalued 18%
- Fairly valued 4.4%
- Overvalued 77%
On average the companies inside trade for 22.2 times their yearly profit. By Fair Price, 77% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 89% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
IQ IQQQ.DE iShares Global Water UCITS ETF | Ireland | 0.65% | $2.19B | +1.4% | Pays out | 60% |
IH IH2O.MI iShares Global Water UCITS ETF | Ireland | 0.65% | $2.19B | +1.5% | Pays out | 60% |
H2 H2OA.AS iShares Global Water UCITS ETF | Ireland | 0.65% | $2.24B | +3.1% | Reinvests | 60% |
CG CGW Invesco S&P Global Water Index ETF | United States | 0.58% | $1.06B | -1.7% | Pays out | 60% |
CW CWW.TO iShares Global Water Index ETF | Canada | 0.66% | $211.9M | -1.6% | Pays out | 56% |
WA WAT.PA Amundi MSCI Water UCITS ETF Dist | France | 0.60% | $1.78B | +4.2% | Pays out | 48% |