BKGI vs GII

BKGIBBNY Mellon Global Infrastructure Income ETF

GIIAState Street SPDR S&P Global Infrastructure ETF

In short

BKGI Active, not indexed: Newton's team picks about 40 dividend-paying infrastructure names and counts telecom, health care and real estate as infrastructure alongside grids and pipelines. Fee: 0.55% net of a waiver through February 27, 2027.

GII Toll roads, airports, pipelines and power grids in one ticker. GII has tracked the S&P Global Infrastructure Index since 2007, an early entrant in the category, and charges less than the typical infrastructure fund.

Stated mandate

BKGI The fund seeks long-term total return through capital growth and income, investing primarily in dividend-paying infrastructure companies.

GII The fund seeks to track the total return of the S&P Global Infrastructure Index. That index provides exposure to large publicly listed infrastructure companies across transportation, utilities, and energy infrastructure.

Why people hold it

• BKGI Casts a wider net than index infrastructure funds: energy, industrials and utilities, plus communication services, health care and real estate.sec.gov
• Income is the stated job. It targets (does not guarantee) a gross forward-looking 12-month yield of 6% or more, no derivatives or option overlays, paid quarterly.bny.com
• 0.55% net of a waiver through February 27, 2027 (0.65% gross) sits near the infrastructure category median, even with a team picking every name.
• Newton, a BNY affiliate, has run this global infrastructure dividend strategy for institutions since 2011. The ETF wrapper arrived in 2022, and it is now a multi-billion-dollar fund.bny.com

• GII Tracks an index of 75 of the largest listed infrastructure companies, screened for float and liquidity, spread across transportation, utilities and energy infrastructure in developed and emerging markets.ssga.com
• 0.40% a year against a 0.55% median for infrastructure ETFs. The cheap end of a category that often is not cheap.
• Live since 2007, so the record covers the financial crisis, a decade of low rates and the 2022 rate shock. It rates among the strongest implementations in its infrastructure peer group.

Worth knowing

• BKGI Index rivals cost less: IFRA at 0.30%, IGF at 0.37%. Here you pay for security selection, not benchmark replication.
• About 40 holdings means each name carries real weight next to index funds holding hundreds.
• No index to track: outcomes ride on one team's calls, across a mandate that reaches global and emerging markets.sec.gov

• GII IGF follows the same index for 0.37%, three basis points less. GII's own trading is moderate rather than heavy, so spreads count alongside the fee gap.
• Roughly 70 stocks across three sectors and several currencies. A focused, globally scattered book that can behave quite differently from a broad world equity fund.ssga.com
• Distributions arrive on an annual or semiannual schedule, so cash lands in lumps rather than monthly.

Full BKGI profile⁠

Full GII profile⁠