IGF vs TOLZ

IGFAiShares Global Infrastructure ETF

TOLZBProShares DJ Brookfield Global Infrastructure ETF

In short

IGF About 80 developed-market infrastructure companies in one ticker, tracked against the S&P Global Infrastructure Index since 2007, for 0.37% a year (well under the category norm).

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

IGF The Fund seeks to track an index of developed-market equities focused on the infrastructure industry.

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

• IGF Costs 0.37% a year against a cohort median of 0.55%, so the toll on a long hold is smaller than most infrastructure funds charge.
• The one other fund on the same S&P Global Infrastructure Index, GII, charges 0.40%. Same benchmark, cheaper wrapper here.
• Trading since December 2007, now a multi-billion-dollar, actively traded fund that has tracked its index closely.
• Goes global where the biggest peers stay home: IFRA and PAVE are US-only, while this one spans developed markets worldwide.

• 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

• IGF About 80 holdings in one industry. A concentrated basket, so a bad stretch for utilities or transport operators shows up fast.
• Distributions arrive once or twice a year, not monthly, and foreign holdings bring currency swings along with the dividends.
• Developed markets only. The fast-building infrastructure of emerging economies sits outside the mandate.

• 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 IGF profile⁠

Full TOLZ profile⁠