GII vs TOLZ

GIIAState Street SPDR S&P Global Infrastructure ETF

TOLZBProShares DJ Brookfield Global 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.

TOLZ Named for toll roads, and it means it. TOLZ holds the owners and operators of infrastructure itself (airports, pipelines, cell towers, water) across developed markets, not the contractors that build it.

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.

TOLZ The fund seeks capital appreciation and income through an actively managed portfolio of companies associated with sustainable infrastructure and the transition to a more sustainable global economy.

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.

• TOLZ Pure-play screen: the index tracks owners and operators of the assets, from toll roads and ports to power lines and cell towers, not the firms that pour the concrete.proshares.comproshares.com 2
• Costs 0.46% a year, under the typical infrastructure ETF, and it has followed the same Dow Jones Brookfield index since launching in 2014.proshares.com
• Roughly 110 developed-market companies, distributions paid quarterly, and one of the stronger builds in a crowded 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.

• TOLZ Thinly traded with a modest asset base, so spreads can run wider than on the category's giants and orders deserve a limit price.
• Holds master limited partnerships, which brings partnership tax quirks and means part of a distribution can be a return of capital.proshares.com
• The pure-play rule leaves out engineering, machinery and materials names, so the U.S. build-out exposure inside funds like PAVE is absent here.proshares.com

Full GII profile⁠

Full TOLZ profile⁠