TBLU vs. NRSH ETF Comparison

Comparison of Tortoise Global Water ESG Fund (TBLU) to Aztlan North America Nearshoring Stock Selection ETF (NRSH)

TBLU

Tortoise Global Water ESG Fund

TBLU Description

The investment seeks investment results that correspond generally to the price and distribution rate (total return) performance of the Tortoise Global Water ESG Net Total Return IndexSM. The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the types of securities suggested by its name (i.e., Water Companies). The index is a proprietary rules-based, modified market capitalization weighted, float adjusted index designed to track the overall performance of equity securities of global Water Companies listed on developed country exchanges. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.95

Average Daily Volume

4,107

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NRSH

Aztlan North America Nearshoring Stock Selection ETF

NRSH Description

The initial universe for the index includes companies that, according to GICS classifications, belong to one of the following industries or sub-industries: (a) Industrial REITs, (b) Office REITs, (c) Real Estate Management & Development, (d) Specialized REITs, (e) Ground Transportation, (f) Air Freight & Logistics, (g) Transportation Infrastructure, or (h) Marine Transportation. The fund will invest all, or substantially all, of its assets in the component securities that make up the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.14

Average Daily Volume

1,395

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TBLU	NRSH
30 Days	-1.99%	3.28%
60 Days	4.49%	2.97%
90 Days	16.24%	4.08%
12 Months

0 Overlapping Holdings

	Symbol	Grade	Weight in TBLU	Weight in NRSH	Overlap

TBLU Overweight 22 Positions Relative to NRSH

Symbol	Grade	Weight
ANET	C	5.99%
ERII	D	4.87%
CNM	D	4.29%
BMI	B	4.12%
ECL	D	3.94%
FELE	B	3.53%
AOS	F	3.49%
WMS	F	3.42%
AWK	C	3.37%
WTRG	B	3.32%
FBIN	D	3.11%
IEX	C	2.92%
LNN	B	2.13%
MWA	B	1.92%
PNR	A	1.51%
WTTR	A	1.35%
MEG	F	1.3%
TTEK	F	0.37%
WTS	B	0.33%
VLTO	C	0.31%
XYL	D	0.27%
ZWS	B	0.17%

TBLU Underweight 17 Positions Relative to NRSH

Symbol	Grade	Weight
MATX	C	-7.64%
CHRW	B	-7.28%
LSTR	D	-6.06%
CSX	C	-5.6%
GXO	B	-5.51%
UNP	C	-5.46%
SNDR	B	-5.28%
ARCB	C	-5.24%
WERN	C	-5.14%
HUBG	A	-5.13%
NSC	B	-4.85%
FWRD	D	-4.59%
CNI	F	-4.41%
KEX	B	-4.19%
ATSG	B	-1.35%
GNK	D	-0.96%
ULH	C	-0.58%