What this ETF is trying to do

The Duff & Phelps Utility and Infrastructure Fund Inc (DPG) is an ETF that focuses on the utility and infrastructure sectors. These types of funds generally aim to provide investors with a mix of share-price growth and regular cash payments.

What the numbers show

As of October 9, 2026, the share price of DPG was $13.01. To understand how it has performed, we look at two different types of returns: price return (the change in the share price) and total return (which includes both the price change and the cash distributions).

• Year-to-Date (YTD): The price return is 2.36%, while the total return is 7.10%.

• One Year: The price return was -1.51%, but the total return was 4.72%.

• Three Year: The price return was 58.27%, and the total return was 96.26%.

For a simple example, if you had invested $10,000 exactly one year ago based on the estimated price of $13.21, the share-price decline of -1.51% would mean your shares alone would be worth approximately $9,849. However, this does not include the cash distributions you would have received.

Income and distribution explanation

DPG pays out cash to investors usually every month. Over the last 12 months, it made 12 payments totaling $0.86 per share. This results in a distribution yield of approximately 6.57%.

It is important for beginners to know that a high distribution yield alone can be misleading. A yield tells you how much cash the fund pays out relative to its price, but it does not guarantee that the total value of your investment is growing.

NAV erosion explanation

"NAV erosion" happens when the actual value of the fund's underlying assets drops over time, often causing the share price to fall permanently.

DPG has an erosion-risk score of 94, which is labeled as "Stable / sideways" with "good" severity. Additionally, the severe erosion-risk flag is false, meaning the fund's price trend has not triggered a severe warning.

Pros

• Strong Long-Term Total Return: The three-year total return is 96.26%.

• Regular Income: The fund provides monthly distributions.

• Stability: The erosion-risk score suggests the fund's price has been stable or moving sideways.

Cons

• Recent Price Decline: The one-year price return is negative (-1.51%).

• No Holdings Data: There is currently no specific list of top holdings available to review.

Beginner takeaway

DPG is a fund that provides regular monthly income and has shown strong total returns over a three-year period. While the share price dropped slightly over the last year, the total return remained positive because of the distributions. Investors typically look for a balance between these cash payments and a stable share price to ensure their original investment stays intact.