Tortoise Capital Advisors, L.L.C., the firm managing the Tortoise Global Water ETF (NYSE:TBLU), has reported an error in the previously stated net asset values (NAVs) for July 20 and 21, 2026. The company confirmed that these NAVs were overstated, necessitating a correction and restatement for those dates.
As of June 30, 2026, Tortoise Capital manages approximately $10.7 billion in assets. The firm emphasizes its more than 20 years of experience in investment management, particularly in the energy and power infrastructure sectors. Tortoise Capital positions itself as a key player in the evolving global energy landscape.
Investors in the Tortoise Global Water ETF should remain vigilant regarding certain risks that may significantly affect the value of their investments. These include the volatility of the water infrastructure sector, environmental considerations, government regulations, and potential risks associated with small and mid-cap companies.
Moreover, if the fund does not maintain its classification as a regulated investment company (RIC), all of its taxable income would then be subject to federal income tax at regular corporate rates, which would ultimately impact the income available for distribution to shareholders.
Tortoise Capital announced an error in the previously reported net asset values (NAVs) for the Tortoise Global Water ETF (NYSE:TBLU) for July 20, 2026, and July 21, 2026, which resulted in these NAVs being overstated.
As of June 30, 2026, Tortoise Capital reported approximately $10.7 billion in assets under management.
Tortoise Capital focuses primarily on investments in publicly traded companies in the energy and power infrastructure sectors, which includes areas from production to transportation to distribution.
Investing in the Tortoise Global Water ETF involves risks such as environmental considerations, government regulation, market volatility, and the potential for limited liquidity. Additionally, the fund invests in small and mid-cap companies, which may present greater volatility and risks compared to larger firms.
The fund has elected to qualify as a regulated investment company (RIC), which requires it to meet certain criteria. Failure to maintain this status could result in the fund's taxable income being subject to federal income tax at corporate rates, reducing available income for distribution.
Investors can obtain information about the Tortoise Global Water ETF, including the statutory prospectus and summary prospectus, by calling 855-994-4437 or emailing [email protected].
Exchange Traded Concepts, LLC serves as the sub-adviser to the Tortoise Global Water ETF (NYSE:TBLU), providing additional investment management services.
If the Tortoise Global Water ETF fails to qualify as a regulated investment company, all of its taxable income would be subject to federal income tax at regular corporate rates, negatively impacting the fund's income availability for distribution.