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GLIX

GradeDNew York Stock Exchange Arca

Lazard Listed Infrastructure ETF

Themes · Lazard · Inception 2025-10-03

$25.69−0.34 (−1.29%)

As of Sep 23, 2026, 1:38 PM EDT

History starts Oct 6, 2025.History starts Oct 6, 2025.
Intraday session: down, 9 prints from 26.03 to 25.69. Range 25.68 to 26.03. Use the arrow keys to read each point.$25.80$25.90$26.0010 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$45M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
28
Volume · 30D
0M sh
NAV per share
$25.88
52W range
low $24.74high $30.47

The ETF.net GLIX Grade

D

30/ 100

Rank 28 of 34 in Infrastructure⁠

Confidence Medium

Six-pillar profile for GLIX. Scores out of 100: Cost 6, Risk 60, Mission not scored, Tradability 41, Holdings 34, Durability 45. Strongest: Risk (60). Weakest: Cost (6). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 30 of 100 sits in the D 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.
    FScore 6
    Category rank32/34 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 60
    Category rank12/34 · top 35%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 41
    Category rank21/34 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 34
    Category rank24/32 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 45
    Category rank21/34 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on GLIX

ETF.net Research

DLazard's 2025 entry into listed infrastructure: an equity portfolio built around the companies that own and run the world's plumbing. At 0.96%, it prices like a specialist on a shelf stacked with cheap index trackers.

Stated mandate

The portfolio primarily holds equity securities, especially common stocks, issued by infrastructure companies.

Why people hold it

  1. 01The mandate is narrow and readable: equity, mostly common stock, of infrastructure companies. What the label says is what the portfolio holds.
  2. 02Built as a standard 1940 Act fund, so tax time means a 1099, not the K-1 paperwork that comes with some pipeline partnerships.
  3. 03Cash comes back on a quarterly schedule, a steadier rhythm than funds that pay once a year.

Worth knowing

  1. 01At 0.96%, it costs roughly triple the biggest index rivals (IGF at 0.37%, IFRA at 0.30%). That gap is the bar this portfolio has to clear.
  2. 02A 2025 launch with a small asset base and light trading. Spreads can widen, so limit orders and a glance at the day's volume matter more here.
  3. 03It opened in October 2025, so there is no long record yet showing how the strategy behaves through a full rate or credit cycle.

GLIX Holdings

As of Sep 20, 2026, 8:43 AM
Asset class
Stocks
Holdings
28
Top-10 weight
65%
Largest holding
EUR26092420.4%

Geography

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—EUR26092420.38%-3,646,917$12M1
002—GBP2609246.99%-1,388,765$4M1
003NG.LNATIONAL GRID PLC6.28%243,771$4M121
004DG.PAVINCI SA6.18%28,574$4M140
005CCICROWN CASTLE INC REIT USD.016.13%49,858$4M248
006—CAD2612294.65%-3,880,586$3M1
007AMTAMERICAN TOWER CORP REIT USD.013.71%12,685$2M333
008—AUD2609243.63%-1,249,194$2M1
009EDCONSOLIDATED EDISON INC3.45%19,334$2M321
010CNR.TOCANADIAN NATL RAILWAY CO3.39%16,948$2M90
011TCL.AXTRANSURBAN GROUP STAPLED SECURITY3.37%212,151$2M115
012EXCEXELON CORP3.27%45,983$2M345
013OGEOGE ENERGY CORP3.20%41,495$2M154
014AENA.MCAENA SME SA3.08%63,241$2M128
015PORPORTLAND GENERAL ELECTRIC CO3.01%37,583$2M152

Showing 1–15 of 35 holdings

GLIX Performance

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

GLIX$10,584
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. GLIX $10,584. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 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 GLIX. Periods over one year show the average yearly return.
PeriodGLIX
Year to date+5.8%
1 month−3.8%
3 months−4.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 GLIX
YearReturn barGLIX
2026 YTD+5.8%
2025+0.5%

History from Oct 6, 2025

GLIX in the news

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

GLIX 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 19, 2025 $0.32; Mar 20, 2026 $0.13; Jun 18, 2026 $0.11; Sep 18, 2026 $0.09. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 21, 2026$0.09
Jun 18, 2026Jun 22, 2026$0.11
Mar 20, 2026Mar 23, 2026$0.13
Dec 19, 2025Dec 22, 2025$0.32

GLIX Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Oct 2025; fills in after 12 months
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.
—
Launched Oct 2025; fills in after 12 months
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.
—
Launched Oct 2025; fills in after 12 months
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.
0.20
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.

GLIX Cost

Expense ratio0.96%
  • The middle half of Infrastructure funds
  • Median 0.55%

30 of the 33 Infrastructure funds charge less.

GLIX costs $96.00 a year on $10,000. The median Infrastructure fund costs $55.00.