GII vs NFRX

GIIAState Street SPDR S&P Global Infrastructure ETF

NFRXDHarrison Street Infrastructure Active 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.

NFRX Harrison Street's first ETF brings its private real-assets playbook to a ticker: an active, global book of utilities, midstream, digital and transport infrastructure. 0.80% net of a waiver through April 30, 2027.

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.

NFRX The fund seeks long-term capital appreciation and income.

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.

• NFRX Actively managed and non-diversified, so the managers can run a concentrated book of infrastructure names rather than track an index.sec.gov
• The hunting ground is spelled out: utilities, midstream energy, digital and transportation infrastructure, the essential-service corners of the market.colliers.com
• Income sits in the mandate alongside long-term capital appreciation, and the fund pays quarterly.
• The debut listed fund from a real-assets house whose day job is private infrastructure, run by its private wealth arm.colliers.com

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.

• NFRX Costs 0.80% net of a waiver through April 30, 2027 (0.85% gross), above the category median; index peers IFRA (0.30%) and IGF (0.37%) charge less.
• Launched January 2026 and thinly traded, so limit orders matter and the track record is still short.
• Non-diversified means a single issuer stumble hits harder than in a broad index fund; concentration risk is named in its own filings.sec.gov

Full GII profile⁠

Full NFRX profile⁠