EBLU vs. FIW ETF Comparison

Comparison of Ecofin Global Water ESG Fund (EBLU) to First Trust ISE Water Index Fund (FIW)

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

$50.17

Average Daily Volume

2,235

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FIW

First Trust ISE Water Index Fund

FIW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the ISE Water Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified market-capitalization weighted portfolio of 36 stocks of companies as of March 31, 2013 that derive a substantial portion of their revenues from the potable and wastewater industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$106.91

Average Daily Volume

36,306

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EBLU	FIW
30 Days	4.15%	-2.65%
60 Days	3.94%	0.70%
90 Days	10.77%	1.87%
12 Months	31.90%	24.86%

18 Overlapping Holdings

Symbol	Grade	Weight in EBLU	Weight in FIW	Overlap
AOS	F	3.53%	2.66%	2.66%
AWK	C	3.3%	3.62%	3.3%
BMI	B	4.06%	3.15%	3.15%
CNM	F	4.67%	2.8%	2.8%
ECL	D	3.78%	3.79%	3.78%
FELE	B	3.53%	2.04%	2.04%
IEX	B	2.9%	4.32%	2.9%
LNN	B	2.21%	1.26%	1.26%
MEG	F	1.51%	0.88%	0.88%
MWA	A	1.82%	2.19%	1.82%
PNR	A	1.42%	3.96%	1.42%
TTEK	D	0.41%	3.4%	0.41%
VLTO	D	0.3%	3.62%	0.3%
WMS	F	4.15%	3.46%	3.46%
WTRG	C	3.39%	3.42%	3.39%
WTS	A	0.32%	2.05%	0.32%
XYL	D	0.27%	3.51%	0.27%
ZWS	B	0.17%	2.36%	0.17%

EBLU Overweight 4 Positions Relative to FIW

Symbol	Grade	Weight
ANET	C	5.24%
ERII	B	4.87%
FBIN	D	3.39%
WTTR	A	1.35%

EBLU Underweight 15 Positions Relative to FIW

Symbol	Grade	Weight
WAT	B	-4.35%
ROP	C	-4.02%
A	D	-3.81%
ACM	B	-3.77%
MLI	B	-3.76%
IDXX	F	-3.51%
ITRI	B	-2.34%
VMI	B	-2.33%
PRMW	C	-2.2%
AWR	A	-2.03%
CWT	C	-1.82%
MSEX	B	-1.33%
HWKN	C	-1.17%
SBS	C	-1.15%
SJW	F	-1.15%