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Launched · SEC filings

Nomura Global Listed Infrastructure ETF

BILDNYSE ArcaNomuraC

$29.68+0.57 (+1.95%) past 5 days

As of Nov 2, 2026, 10:00 AM ET

C50/ 100

Rank 15 of 34 in Infrastructure

C50/100Rank 15 of 34inInfrastructure
5D price: up, 5 points from 29.11 to 29.68. Range 29.11 to 29.68. Use the arrow keys to read each point.29.1029.2029.3029.4029.5029.60Oct 27Oct 28Oct 29Oct 30Nov 2
Market opens at 9:30 AM ET.
Expense ratio
0.49%
Fund size
$8M
1Y total return
+11.4%
Yield · Last 12 months
4.84%
Holdings
48
Avg volume · 30D
443 sh
52W range
low $27.48high $31.79
Launched
Filings
SEC EDGAR

The ETF.net BILD Grade

C

Score 50 out of 100

Category
Infrastructure⁠
Rank
15 of 34
Six-pillar profile for BILD. Scores out of 100: Cost 62, Risk 59, Mission 86, Tradability 20, Holdings 64, Durability 23. Strongest: Mission (86). Weakest: Tradability (20). Leans toward Mission.

Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B62 out of 100
    Rank 13 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A86 out of 100
    Rank 1 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B59 out of 100
    Rank 15 of 34

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F20 out of 100
    Rank 30 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B64 out of 100
    Rank 12 of 32

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F23 out of 100
    Rank 31 of 34

Our read on BILD

ETF.net Research

In short

CMost infrastructure ETFs hand you an index. BILD hands you a stock picker: global airports, toll roads, pipelines and utilities chosen company by company, at a flat 0.49% fee.

Stated mandate

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

Why people hold it

  • One flat 0.49% fee, with no waiver propping it up. The manager pays custody, audit and most other fund costs out of that number, and there is no 12b-1 charge.sec.govsec.gov 2
  • Stock picked, not index copied. The manager researches issuers bottom up and can lean toward the airports, grids or pipelines it rates best.sec.gov
  • Global by mandate: normally at least 40% of total assets in non-US securities (30% if conditions warrant), so it is not a US utility fund wearing a world label.sec.gov
  • Longer history than the nameplate: it listed in 2023 as a Macquarie fund and came to Nomura through its purchase of Macquarie's US public investments business.sec.gov

Worth knowing

  • Below the category median on fee, yet index rivals undercut it: IFRA runs 0.30% and IGF 0.37%. The stock picking is what the gap pays for.
  • A small fund that trades thinly, so bid-ask spreads can run wider than at the category's giants.
  • The theme skews to regulated utilities and transport assets, so rate rulings, interest rates and energy prices steer it more than the broad market does.sec.gov

BILD Performance

Launched Nov 28, 2023

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

Not enough history yet.Not enough history yet.Not enough history yet.
BILD$11,145
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BILD $11,145. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+9.9%
1 month+7.5%
3 months−0.5%
1 year+11.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+9.9%
2025+21.1%
2024−2.7%
2023+4.0%

History from Nov 29, 2023

BILD in the news

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 Oct 30, 2026.
4.84%Last 12 months
Payout per share
$1.44Last 12 months
Last payment
$0.28 per share
Paid 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, 2026Sep 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

$10,000 in BILD 1 year ago paid $513 in dividends.

BILD Risk

Risk pillarB59 out of 100Rank 15 of 34 in Infrastructure
How much the fund’s monthly returns vary, scaled to a year.
13.3%
Annualised · 35 months to Oct 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.
0.51
vs 3-month T-bills · 35 months to Oct 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%
35 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.

FMP measures it over up to five years of monthly returns.

BILD Cost

Compare BILD and IFRA

Overpaying vs IFRA, cheapest in Infrastructure

$3,643

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BILD 0.49%

    $9,792

  • IFRA 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • BILD 0.49%
  • IFRA 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530BILD $9,792IFRA $6,149

Year by year

YearBILDIFRAOverpaying
10$883$545$338
20$3,394$2,113$1,281
30$9,792$6,149$3,643

Other funds in Infrastructure

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