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Sanitation

Sanitation covers wastewater collection, treatment, and sludge handling, together with the hygiene systems that follow it. Discharge rules and urban growth drive the demand rather than consumer choice.

8 stocks

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
26	Charles Schwab San Francisco, California	$289M	-$1.93M	2	0.04%	Reduced
27	Baillie Gifford & Co Edinburgh, United Kingdom	$288M	-$30.3M	1	0.26%	Reduced
28	UBS Group Zurich, Switzerland	$281M	+$94.2M	6	0.04%	Increased
29	Franklin Resources San Mateo, California	$280M	+$26.7M	2	0.06%	Increased
30	Horizon Kinetics Asset Management New York	$262M	+$8.97M	1	2.97%	Increased
31	Victory Capital Management San Antonio, Texas	$262M	-$61.1M	2	0.15%	Reduced
32	Wells Fargo San Francisco, California	$246M	-$13.7M	5	0.04%	Reduced
33	Legal & General Group London, United Kingdom	$243M	-$7.41M	3	0.05%	Reduced
34	Deutsche Bank Frankfurt Am Main Ge, Germany	$241M	+$12.6M	3	0.07%	Increased
35	Ameriprise Minneapolis, Minnesota	$241M	+$2.54M	3	0.05%	Increased
36	Vanguard Fiduciary Trust Malvern, Pennsylvania	$230M	-$3.03M	3	0.05%	Reduced
37	AQR Capital Management Greenwich, Connecticut	$207M	+$121M	2	0.07%	Increased
38	T. Rowe Price Investment Management Baltimore, Maryland	$205M	+$93.6M	2	0.13%	Increased
39	JP Morgan Chase New York	$203M	+$6.67M	5	0.01%	Increased
40	DekaBank Deutsche Girozentrale Frankfurt, Germany	$197M	+$115K	2	0.33%	Increased
41	Wellington Management Group Boston, Massachusetts	$192M	-$35.5M	2	0.03%	Reduced
42	MIM Meridiem Investment Management London, United Kingdom	$188M	+$134M	1	5.04%	Increased
43	KBC Group Brussels, Belgium	$188M	-$8.71M	2	0.41%	Reduced
44	Fidelity Investments Boston, Massachusetts	$187M	+$2.22M	4	0.01%	Increased
45	Schroder Investment Management Group London, United Kingdom	$171M	-$4.28M	2	0.12%	Reduced
46	BNP Paribas Asset Management Paris, France	$169M	-$5.14M	3	0.17%	Reduced
47	Kayne Anderson Rudnick Investment Management Los Angeles, California	$163M	-$10.2M	2	0.51%	Reduced
48	Russell Investments Group London, United Kingdom	$147M	+$7.43M	4	0.13%	Increased
49	Robeco Schweiz Zurich, Switzerland	$139M	+$8.12M	2	2.23%	Increased
50	Aviva London, United Kingdom	$137M	-$3.02M	1	0.2%	Reduced