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BILD

GradeCNew York Stock Exchange Arca

Nomura Global Listed Infrastructure ETF

Themes · Nomura · Inception 2023-11-28

$28.44+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Nov 29, 2023.
Intraday session: down, 5 prints from 28.81 to 28.44. Range 28.40 to 28.81. Use the arrow keys to read each point.$28.50$28.60$28.70$28.80Sep 17Sep 18Sep 22Sep 23
Expense ratio
0.49%
Fund size
$8M
1Y return
+9.7%
Yield · Last 12 months
5.91%
Volume · 30D
0M sh
NAV per share
$28.35
52W range
low $27.36high $31.79

The ETF.net BILD Grade

C

49/ 100

Rank 19 of 34 in Infrastructure

Confidence High

Six-pillar profile for BILD. Scores out of 100: Cost 62, Risk 60, Mission 86, Tradability 9, Holdings 68, Durability 24. Strongest: Mission (86). Weakest: Tradability (9). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 62
    Category rank13/34 · top 38%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 86
    Category rank1/6 · top 17%
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 60
    Category rank13/34 · top 38%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 9
    Category rank31/34 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 68
    Category rank10/32 · top 31%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 24
    Category rank31/34 · bottom quartile

Graded as of Sep 22, 2026

Our read on BILD

ETF.net Research

CA 2023 arrival that hunts infrastructure companies for both growth and income instead of following a named index, at 0.50% a year. Cheaper than the typical infrastructure ETF, and it sticks tightly to its stated brief.

Stated mandate

The fund seeks total return through capital growth and income by investing in infrastructure companies.

Why people hold it

  1. 01Charges 0.50% a year against a 0.55% median for infrastructure ETFs, so the fee sits on the friendly side of a category that rarely comes cheap.
  2. 02No declared index to shadow, so the manager can size infrastructure positions by conviction rather than by rulebook.
  3. 03The portfolio matches the mandate it wrote: infrastructure companies held for capital growth and income, with a quarterly payout rhythm.
  4. 04Lands in the upper half of a crowded infrastructure field despite being one of the newest names in it.

Worth knowing

  1. 01Thinly traded on a small asset base, so bid-ask spreads can run wider than at the category's giants.
  2. 02Index rivals undercut it on price: IFRA at 0.30% and IGF at 0.37%.
  3. 03Launched December 2023, so the track record is short and the fund is still building its base.

BILD Holdings

As of Sep 21, 2026, 4:04 AM
Asset class
Stocks
Holdings
Top-10 weight
38%
Largest holding
ENB.TO5.9%

Sectors

  • Utilities49.4%
  • Industrials24.5%
  • Energy18.8%
  • Communication4.5%
  • Real Estate1.9%
  • Financials0.9%

Geography

  • United States39.12%
  • United Kingdom13.51%
  • Spain10.28%
  • Canada9.88%
  • Mexico3.85%
  • New Zealand3.58%
  • France3.31%
  • Hong Kong3.12%
  • Other countries (9)13.35%

Developed 87% · Emerging 13% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ENB.TOENBRIDGE INC COMMON STOCK5.93%9,571$466K85
002UU.LUNITED UTILITIES GROUP4.43%18,899$348K104
003LNGCHENIERE ENERGY INC4.06%1,189$319K270
004NG.LNATIONAL GRID PLC COMMON3.74%19,105$294K121
005ASRGRUPO AEROPORTUARIO DEL3.69%1,191$290K30
006AIA.NZAUCKLAND INTERNATIONAL3.57%58,254$281K80
007SRESEMPRA COMMON STOCK USD 03.53%3,412$277K301
008ADP.PAAEROPORTS DE PARIS SA3.25%2,052$255K71
009NEENEXTERA ENERGY INC COMMON3.11%3,033$244K407
010CLNX.MCCELLNEX TELECOM SA COMMON2.94%8,031$231K100
011OKEONEOK INC COMMON STOCK2.92%2,455$229K325
012CMSCMS ENERGY CORP COMMON2.90%3,482$228K272
013PNN.LPENNON GROUP PLC COMMON2.56%33,261$201K56
014SCYR.MCSACYR SA COMMON STOCK EUR2.46%40,804$193K50
015DDOMINION ENERGY INC2.46%3,034$193K277

Showing 1–15 of 50 holdings

BILD Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BILD$10,975
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. BILD $10,975. SPY $11,723. Use the arrow keys to read each point.$9,352$10,648$11,944Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BILD. Periods over one year show the average yearly return.
PeriodBILD
Year to date+5.3%
1 month−3.3%
3 months−2.0%
1 year+9.7%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BILD
YearReturn barBILD
2026 YTD+5.3%
2025+21.1%
2024−2.7%
2023+4.0%

History from Nov 29, 2023

BILD in the news

ETF.net Research hasn’t filed on BILD yet — coverage lands here as it’s written.

BILD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
5.91%Last 12 months
Payout per share
$1.68Last 12 months
Upcoming payment
$0.28 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 12 payments from 2023 to 2026 YTD. Dec 21, 2023 $0.13; Mar 18, 2024 $0.08; Jun 24, 2024 $0.23; Sep 23, 2024 $0.25; Dec 23, 2024 $0.77; Mar 25, 2025 $0.11; Jun 24, 2025 $0.30; Sep 23, 2025 $0.25; Dec 24, 2025 $0.20; Mar 23, 2026 $0.12; Jun 22, 2026 $0.84; Sep 21, 2026 $0.28. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Pays Sep 25, 2026$0.28
Jun 22, 2026Jun 26, 2026$0.84
Mar 23, 2026Mar 27, 2026$0.12
Dec 24, 2025Dec 31, 2025$0.20
Sep 23, 2025Sep 29, 2025$0.25
Jun 24, 2025Jun 30, 2025$0.30
Mar 25, 2025Mar 31, 2025$0.11
Dec 23, 2024Dec 30, 2024$0.77
Sep 23, 2024Sep 30, 2024$0.25
Jun 24, 2024Jun 28, 2024$0.23
Mar 18, 2024Mar 22, 2024$0.08
Dec 21, 2023Dec 29, 2023$0.13

BILD Risk

How much the fund’s monthly returns vary, scaled to a year.
12.6%
Annualised · 33 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.53
vs 3-month T-bills · 33 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−14.8%
33 months · trough Jan 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.19
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BILD Cost

Expense ratio0.49%
  • The middle half of Infrastructure funds
  • Median 0.55%

12 of the 33 Infrastructure funds charge less.

BILD costs $49.00 a year on $10,000. The median Infrastructure fund costs $55.00.