GII: STATE STREET(R) SPDR(R) S&P(R) GLOBAL INFRASTRUCTURE ETF
ETF Education Report: State Street(R) SPDR(R) S&P(R) Global Infrastructure ETF (GII)
What this ETF is trying to do
The GII ETF focuses on global infrastructure. This means it invests in companies that manage essential services, such as utilities and transportation hubs like airports. According to the top holdings data, the fund includes companies like Transurban Group, Aena SME SA, and NextEra Energy Inc. Please note that the list of holdings provided is only a partial list of the 87 total companies in the fund.
What the numbers show
When looking at how an ETF performs, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only the change in the share price. For GII, the one-year price return was approximately 4.73%. The year-to-date (YTD) price return is about 2.93%.
• Total Return: This includes the share price change *plus* any cash distributions paid out to investors. The one-year total return was approximately 7.73%, and the YTD total return was about 4.02%.
Over a longer period, the three-year total return was approximately 53.03%. To give you an idea of recent price movement, the current price is $71.81. The estimated price from roughly one year ago was approximately $68.57.
Income and distribution explanation
Some investors look for ETFs that pay out cash, known as distributions. GII has a distribution yield of approximately 2.81%. This means the cash distributed is about 2.81% of the ETF's price. The trailing distributions were approximately $2.02.
It is important to remember that a distribution yield is not the same as total return. While distributions provide cash, they are separate from the growth of the share price itself.
NAV erosion explanation
"NAV erosion" refers to a situation where the value of the underlying assets in the ETF decreases. Investors often watch this because they want their original investment (the principal) to stay stable.
For GII, the erosion-risk score is 94, which is labeled as "Stable / sideways." The erosion severity is described as "good," and there is no severe erosion-risk flag present. This suggests the fund's price trend has been relatively stable according to these measurements.
Pros
• The fund shows a history of positive total returns over one, three, and five years.
• The erosion-risk measurements suggest a stable price trend.
Cons
• Distributions are described as "irregular" or "less frequent," meaning they do not happen on a set schedule.
• The list of top holdings is only a partial view of the full portfolio.
Beginner takeaway
When studying GII, remember to distinguish between price movement and total return. While the share price grows at one rate, the total return is higher because it includes the cash distributions paid to investors. Always look at both numbers to get a full picture of how an ETF has performed.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | TRANSURBAN GROUP | n/a | 5.46% |
| 2 | AENA SME SA | n/a | 5.30% |
| 3 | NEXTERA ENERGY INC | NEE | 4.90% |
| 4 | IBERDROLA SA | n/a | 4.07% |
| 5 | ENBRIDGE INC | n/a | 4.03% |
| 6 | n/a | PAC | 3.50% |
| 7 | AUCKLAND INTERNATIONAL AIRPORT LTD | n/a | 3.42% |
| 8 | WILLIAMS COMPANIES INC | WMB | 3.02% |
| 9 | SOUTHERN CO | SO | 2.84% |
| 10 | DUKE ENERGY CORP | DUK | 2.67% |