EBLU vs. EFRA ETF Comparison

Comparison of Ecofin Global Water ESG Fund (EBLU) to iShares Environmental Infrastructure and Industrials ETF (EFRA)

EBLU

Ecofin Global Water ESG Fund

EBLU Description

The Tortoise Global Water ESG Fund uses a passive management approach and seeks investment results that correspond generally to the price and distribution rate performance of the Tortoise Global Water ESG Net Total Return Index®, which is comprised of companies across the globe and throughout the water cycle that we believe are positioned to benefit from the pursuit of solving the water supply/demand imbalance.

Grade (RS Rating)

Last Trade

$45.66

Average Daily Volume

2,185

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EFRA

iShares Environmental Infrastructure and Industrials ETF

EFRA Description

The fund seeks to track the investment results of the index, which has been developed by FTSE International Limited (the "index provider" or "FTSE"). It is non-diversified.

Grade (RS Rating)

Last Trade

$30.28

Average Daily Volume

329

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EBLU	EFRA
30 Days	-1.51%	-1.39%
60 Days	0.82%	2.06%
90 Days	6.07%	5.22%
12 Months	15.12%	12.04%

13 Overlapping Holdings

Symbol	Grade	Weight in EBLU	Weight in EFRA	Overlap
AWK	B	6.29%	6.07%	6.07%
BMI	A	2.01%	2.17%	2.01%
CWT	A	0.99%	1.1%	0.99%
FELE	D	1.53%	1.89%	1.53%
LNN	B	0.49%	0.51%	0.49%
MWA	A	0.94%	0.99%	0.94%
PNR	C	4.02%	5.27%	4.02%
SJW	D	0.6%	0.68%	0.6%
TTEK	A	3.73%	4.1%	3.73%
WMS	D	3.85%	4.38%	3.85%
WTRG	A	3.42%	3.61%	3.42%
WTS	C	2.12%	2.19%	2.12%
XYL	A	7.69%	6.22%	6.22%

EBLU Overweight 10 Positions Relative to EFRA

Symbol	Grade	Weight
ECL	B	7.39%
VLTO	A	5.42%
AOS	C	4.04%
IEX	D	3.9%
CNM	A	3.53%
ZWS	D	1.71%
MEG	A	0.41%
ERII	D	0.29%
WTTR	B	0.28%
ANET	D	0.13%

EBLU Underweight 4 Positions Relative to EFRA

Symbol	Grade	Weight
WAB	A	-6.9%
CLH	A	-3.92%
SRCL	F	-1.71%
AWR	C	-1.03%