GII vs NBET

GIIAState Street SPDR S&P Global Infrastructure ETF

NBETDNeuberger Berman Energy Transition & Infrastructure ETF

In short

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.

NBET A concentrated global take on the energy transition build-out: grids, utilities, industrial materials, telecom networks and the real assets underneath them, roughly 30 names deep. A distinctive mandate carrying a premium price tag.

Stated mandate

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.

NBET The Fund seeks exposure to equity securities of energy transition and infrastructure companies. Its mandate covers infrastructure assets and services across energy, utilities, industrial materials, real estate facilities, and telecommunications networks.

Why people hold it

• 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.

• NBET The mandate is wider than the label suggests: energy, utilities, industrial materials, real estate facilities and telecom networks all count as transition infrastructure.
• Roughly 30 holdings spanning US and international markets, so individual names carry real weight instead of being diluted inside a sprawling index basket.
• Trading since 2022, so there is a multi-year live record to inspect rather than a backtest, and the fund distributes quarterly.

Worth knowing

• 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.

• NBET Cost is the headline trade-off: 2.10% a year, versus index rivals in the same lane like IGF at 0.37% and IFRA at 0.30%.
• A small fund that trades thinly, so bid-ask spreads and order size matter more here than with the category's heavyweights.
• About 30 stocks tied to a single policy-sensitive theme: swings in that theme land harder than they would in a broad infrastructure basket.

Full GII profile⁠

Full NBET profile⁠