TBLU ETF — Tortoise Global Water Fund

Tortoise Global Water Fund (TBLU)

Updated October 16, 2026.

TBLU is an ETF. its distribution rate is 2.01%, its trailing-12-month yield is 3.53%, its expense ratio is 0.40%. Dividend Vision Distribution Safety Score™ is 79/100 (Generally safe). Total return is 135.9% over the past 9.7 years, 142.3 points behind SPY at 278.2%.

Tortoise Global Water Fund is an ETF that tracks a proprietary index of equity securities issued by global water companies listed on developed country exchanges, investing at least 80% of its net assets in such securities. The fund carries a modest current distribution rate with semi-annual distributions and has an expense ratio of 0.40%. It may appeal to income investors seeking exposure to the global water industry along with regular dividend payments.

TBLU performance versus SPY

Price and return data through 2026-10-16.

Total return is 135.9% over the past 9.7 years, 142.3 points behind SPY at 278.2%. Over the past year its total return — price change plus distributions reinvested — is -2.3%. Its deepest 1-year drawdown was 13.2%.

TBLU key facts

Distribution Safety Score™

79 · Generally safe

Safety-Adjusted Yield

1.59%

Issuer

Tortoise Capital

Asset type

ETF

Asset class

Equity

Inception date

02/14/2017

Expense ratio

0.40%

Distribution rate

2.01%

Distribution frequency

Semi-Annual

Trailing yield

3.53%

Last close

$50.33 (as of 2026-10-16)

AUM

$53,802,234

Average volume

452.0

Dividend

$0.505

Ex-dividend date

06/25/2026

Payment date

06/26/2026

Beta

0.86

How Dividend Vision calculates yield and returns

Distribution rate (2.01%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.53%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Tortoise Capital; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TBLU risks and drawbacks

TBLU's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are semi-annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 13.2%.

Who may consider TBLU — and who may not

TBLU may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (TBLU pays semi-annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on TBLU

• All tickers starting with T

Tagged: Water solutions.

Frequently asked questions

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