GII vs NGIF

GIIAState Street SPDR S&P Global Infrastructure ETF

NGIFDNuveen Global Infrastructure Fund: ETF Class Shares

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.

NGIF Not a new strategy so much as a new door into an old one: Nuveen's actively managed global infrastructure portfolio, now sold as exchange-traded shares. Roughly 70 companies that own, build, finance or run physical assets.

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.

NGIF The fund primarily invests in equity securities of infrastructure-related companies from the United States and other countries.

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.

• NGIF The ETF class sits on Nuveen's existing global infrastructure fund, so it is the same active portfolio in a wrapper you can trade on an exchange all day.nuveen.com
• The mandate is concrete: at least 80% in equities of US and non-US companies that own, build, finance, operate or supply infrastructure assets.sec.gov
• Active and global by design, with about 70 holdings rather than several hundred, so the team's picks actually move the needle.

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.

• NGIF Fees run 0.88% a year, above the 0.59% typical for infrastructure ETFs and roughly triple index rivals like IFRA (0.30%) and IGF (0.37%).
• The ticker launched in 2026 and is thinly traded, so limit orders and a glance at the spread matter more here than with the category's heavyweights.
• Being active, results can drift from the S&P Global Infrastructure Index it is measured against in either direction; on cost and trading it sits in the back of its peer group.nuveen.com

Full GII profile⁠

Full NGIF profile⁠