BKGI vs IGF

BKGIBBNY Mellon Global Infrastructure Income ETF

IGFAiShares 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.

IGF About 80 developed-market infrastructure companies in one ticker, tracked against the S&P Global Infrastructure Index since 2007, for 0.37% a year (well under the category norm).

Stated mandate

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

IGF The Fund seeks to track an index of developed-market equities focused on the infrastructure industry.

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

• IGF Costs 0.37% a year against a cohort median of 0.55%, so the toll on a long hold is smaller than most infrastructure funds charge.
• The one other fund on the same S&P Global Infrastructure Index, GII, charges 0.40%. Same benchmark, cheaper wrapper here.
• Trading since December 2007, now a multi-billion-dollar, actively traded fund that has tracked its index closely.
• Goes global where the biggest peers stay home: IFRA and PAVE are US-only, while this one spans developed markets worldwide.

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

• IGF About 80 holdings in one industry. A concentrated basket, so a bad stretch for utilities or transport operators shows up fast.
• Distributions arrive once or twice a year, not monthly, and foreign holdings bring currency swings along with the dividends.
• Developed markets only. The fast-building infrastructure of emerging economies sits outside the mandate.

Full BKGI profile⁠

Full IGF profile⁠