Tortoise MLP Index® (TMLP) Tortoise North American Pipeline Index℠ (TNAP) Tortoise Decarbonization Infrastructure Index℠ (DCRBN) Tortoise Recycling Decarbonization UCITS Index℠ (RECYCLE) Tortoise Recycling Decarbonization Index℠ (RCYCL) Tortoise Global Water ESG Index℠ (TGWESG)

Waste-to-Energy is the process of generating energy from waste such as garbage, animal manure, agriculture products and/or animal fats and thus includes companies that primarily produce renewable natural gas and diesel as well as ethanol. Recycling includes companies that recycle plastic waste, lithium-ion batteries as well as carbon capture sequestration. The Index is taking environmental, social, and governance (ESG) considerations into account. Companies that do not meet the Global Standards Screening (GSS) or are involved in Controversial Weapons, Tobacco or Thermal Coal.

Key Eligibility Requirements

• Decarbonizing waste-to-energy and recycling: Companies that derive revenue, operating profit, own assets or capital expenditures in decarbonizing waste-to-energy and recycling related businesses included in the TortoiseEcofin proprietary database of 462 global energy companies with an aggregative market cap of $8.0 trillion.
• Market capitalization:Companies must have a total equity market capitalization of at least U.S $200 million for two consecutive quarters at the time of inclusion in the index.
• Trading volume: companies must have a minimum U.S. $1 million average daily trading volume for 3 months before the index screening date.
• Listing exchange: : In the developed markets, companies must list their shares on one of the stock exchanges in the U.S., Europe, the Tokyo Stock Exchange, or on stock exchanges in Australia, Israel, New Zealand, Hong Kong, Singapore or Canada. In the developing markets, companies must have their shares listed on a stock exchange in one of the following countries:  Brazil, Chile, China, Czech Republic, Hungary, Indonesia, Korea, Malaysia, Mexico, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, or Turkey.
• ESG screening: The Index is taking environmental, social, and governance (ESG) considerations into account. Companies that do not meet the Global Standards Screening (GSS) or are involved in Controversial Weapons, Tobacco or Thermal Coal activities are excluded from the eligible investment universe.
• No individual security in the index may be more than a 7% weight of the total index market cap as of the reference date