What this ETF is trying to do

The LAZARD LISTED INFRASTRUCTURE ETF (GLIX) is an exchange-traded fund designed to invest in infrastructure. This typically includes companies involved in essential services like utilities, transportation, and communications. The fund holds a total of 31 holdings.

What the numbers show

The current price of GLIX is $26.03. When looking at how the fund has performed, it is important to distinguish between price return and total return.

• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 4.55%, and the one-year price return is approximately 3.75%.

• Total Return: This includes both the share price changes and the distributions paid out. The YTD total return is approximately 5.86%, and the one-year total return is approximately 6.43%.

An estimated price from roughly one year ago was $25.09.

Income and distribution explanation

GLIX provides cash distributions to investors. The distribution yield is approximately 2.51%. This number describes the cash paid out relative to the current ETF price. The fund usually pays distributions on a quarterly basis, with 4 payments recorded over the last 12 months.

It is important to remember that a distribution yield is not the same as total return. While distributions provide cash income, they do not guarantee that your original investment will stay the same value.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, we can look at the erosion-risk score. GLIX has an erosion score of 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Pros

• Stable Price Trend: The erosion-risk score suggests the price has been relatively stable.

• Positive Returns: Both the share price and the total return have shown growth over the last year.

• Income Generation: The fund provides regular quarterly distributions.

Cons

• Partial Data: The list of top holdings is only a partial view of the full portfolio.

• Not Guaranteed: Like all investments, past performance and distributions do not guarantee future results.

Beginner takeaway

GLIX focuses on infrastructure companies and provides a steady distribution yield of approximately 2.51%. When researching this ETF, notice that the total return is higher than the price return; this is because the total return accounts for the cash distributions you receive. The fund currently shows a stable erosion-risk score, meaning its price has not shown significant signs of deterioration.