GARA vs GII

GARACGuinness Atkinson Real Assets Income ETF

GIIAState Street SPDR S&P Global Infrastructure ETF

In short

GARA An active take on real assets: GARA pairs dividend-paying REITs with the companies that build and run infrastructure, and keeps a hard floor under each sleeve so neither can crowd the other out.

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

GARA The Fund seeks moderately high current income, consistent dividend growth, and capital appreciation.

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

• GARA The prospectus sets a floor of at least 15% in REITs and at least 15% in infrastructure at all times, so the fund cannot quietly drift into a one-sector bet.sec.gov
• At 0.45% a year, it costs less than the typical fund in its infrastructure peer group.
• No index to follow. The manager buys dividend payers that build, finance and operate physical assets, requiring at least half of revenue from real estate or infrastructure.sec.gov
• The stated goal is three-part: moderately high current income, consistent dividend growth, and capital appreciation, rather than the highest yield available today.sec.gov

• 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

• GARA Launched in December 2025, still a small fund and thinly traded, so spreads can run wider and there is little live history to judge the manager by.
• Distributions arrive once or twice a year rather than monthly, so the income comes in lumps.
• The peer group includes long-established index rivals priced lower, such as IFRA at 0.30% and IGF at 0.37%.

• 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 GARA profile⁠

Full GII profile⁠