GII vs SRVR

GIIAState Street SPDR S&P Global Infrastructure ETF

SRVRCPacer Data & Infrastructure Real Estate 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.

SRVR Most infrastructure funds buy the builders and the toll roads. SRVR buys the landlords: US and global data and infrastructure real estate plus power generation, in about 70 names, at a fee below its peer group's median.

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.

SRVR The ETF seeks to track the Solactive GPR Data & Infrastructure Real Estate Index's total return before fees and expenses. It uses passive indexing and generally replicates the index, which covers U.S. and global data/infrastructure real-estate and power-generation companies.

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.

• SRVR A property-owner angle on digital infrastructure: it tracks the Solactive GPR Data & Infrastructure Real Estate Index of US and global data/infrastructure real estate and power generation companies.
• Fee is 0.49% a year, under the median for its infrastructure cohort, so you keep more of whatever the theme delivers.
• Running since 2018 and purely rules-based: it replicates its index rather than stock-picking, and distributes quarterly.
• On the whole package (cost, structure, staying power) it sits in the upper half of its infrastructure peer group.

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.

• SRVR About 70 holdings in one narrow slice, so a handful of big property owners steer results far more than in broad infrastructure funds like IGF or PAVE.
• The real estate wrapper cuts both ways: this has been one of the choppier rides among infrastructure funds.
• Moderately traded rather than a category heavyweight, so spreads can run wider than on the busiest infrastructure ETFs.

Full GII profile⁠

Full SRVR profile⁠