(TBLU) Tortoise Global Water ESG - Ratings and Ratios

The Tortoise Global Water ESG Fund (TBLU) is designed to invest primarily in water companies, with a minimum of 80% of its net assets dedicated to such securities. The fund tracks a proprietary index that focuses on global water companies listed on developed markets, using a rules-based, modified market capitalization weighted approach. This index is float-adjusted, ensuring that the funds holdings are representative of the markets performance. As a non-diversified fund, it may concentrate its investments in a smaller number of securities, potentially increasing both risk and return opportunities.

3-Month Forecast: Based on the provided data, TBLU is expected to exhibit price stability with minimal volatility. The closely clustered SMA values at 20, 50, and 200 days suggest a stable price trend. The low ATR of 0.50 indicates that price fluctuations will likely remain subdued. The funds focus on water companies, which are often characterized by stable demand, may provide underlying support. However, the low average volume of 2438 could indicate lower liquidity, which might impact trading efficiency. Overall, the forecast suggests a continuation of the current stable price pattern with minimal expected deviation.