BNY Mellon Global Infrastructure Income ETF

BNY Mellon Global Infrastructure Income ETF (BKGI) is an actively managed fund. It holds about 29 dividend-paying infrastructure stocks worldwide, including pipeline, utility and health care property companies. Its manager aims for a portfolio yield of 6% or more before fees, but doesn't guarantee it. It costs 0.55% a year after a fee waiver. That is less than the 0.80% and 0.85% charged by the two midstream income ETFs whose holdings overlap with it most.

• Over the year to Oct 27, 2026, BKGI returned +9.1%, 3rd of 3 among similar funds.
• Its worst full calendar year was 2023 (+9.8%); its best was 2025 (+37.5%).
• The deepest fall in its price history was 14.8% (May 8, 2023 to Oct 3, 2023), recovered by Mar 27, 2024.

As of Jul 31, 2026, the fund held 29 securities; the ten largest made up 56.45% of assets.

• Over the three months to Jul 31, 2026, investors added a net $333.9M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -0.30%, -0.74%, +1.87%.

BKGI does not track an index. Its sub-adviser, Newton Investment Management North America (NIMNA), is part of BNY Mellon and picks the stocks. At least 80% of assets go to dividend-paying infrastructure companies. These are firms that get at least half their revenue, profits or assets from things like power lines, pipelines, airports, cell towers, data centers or health care property. NIMNA looks for steady regulation, stable cash flow and consistent dividends. It combines number-based screens with company research and valuation measures such as price-to-earnings.

The manager targets a combined forward-looking 12-month yield of 6% or more for the portfolio. That figure comes before fees and is based on analysts' dividend forecasts. If the portfolio's yield falls below the target, NIMNA may sell holdings and buy others. The target is not a promise of payouts. The fund's trailing 12-month yield was 3.06% as of October 27, 2026.

Normally at least 40% of assets are outside the US (never less than 30%), spread across at least three countries, with up to 25% allowed in emerging markets. Foreign currencies are not hedged, so moves in the dollar affect returns. As of July 31, 2026, the top 10 holdings made up 56% of the fund. The largest were Hess Midstream (7.9%), Enbridge (7.6%), Naturgy (7.2%), Omega Healthcare Investors (6.9%) and Healthpeak Properties (6.8%). Portfolio turnover was 40%.

• BKGI charges 0.55% a year, versus an average of 0.82% for the similar funds below (1st of 3, cheapest first).
• Of that, 0.65% is the management fee; the rest covers other fund expenses.
• The fee includes a 0.1% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $56 in the first year and $801 over 10 years (assuming a 5% annual return).

It is built around dividend-paying infrastructure stocks and pays quarterly, though its trailing yield of 3.06% is moderate rather than high.

BKGI could add quarterly income from global infrastructure stocks. Its trailing 12-month yield was 3.06%, or $1.29 per share, as of October 27, 2026. It costs 0.55% a year. In the SEC's standard example, that comes to $801 over 10 years on $10,000. Beta measures how closely a fund moves with the stock market. BKGI's beta was 0.24 for the year to October 27, 2026, which is low.

Its track record is short. The fund launched in November 2022, after the 2008, 2020 and 2022 market crashes. Its weakest calendar year, 2023, still gained 9.31%. Its deepest drop was 14.8%, from May to October 2023, and it regained that peak by March 2024. A true bear market could hurt more, which matters if you have to sell shares in a bad year. Past results don't predict the future, and a plan should look at the whole portfolio.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).